Macroeconomy/Finance

The insurance market reached $524.9 mn in 2019

The insurance market in Bolivia grows at a steady pace, by November 2019, reached a Direct Net Cancellation Production of $524.9 million, which presents the following distribution:
General Insurance constituted 50.9% ($267.4 million). Bonds Insurance constituted 3.8% ($ 20.1 million). Obligatory Insurance constituted 4.3% ($ 22.6 million). Personal Insurance constituted 40.9% ($214.8 million). Social Security Insurance constituted 0.01%.

Source: Nueva Economía