ABA projects insurance payout could reach $139.2 mn in 2021 due to COVID-19

Up to 31 December 2020, insurance paid out (claims) amounted to $62.5 million, according to the Bolivian Association of Insurers (ABA). By 2021, this figure could rise to $139.2 million. The ABA estimates that the entire estimated increase of almost $77 million is equivalent to a 124% increase in claims incurred, mainly attributed to the extraordinary COVID-19 deaths.

Source: Página Siete