Uruguay Insurance Industry – Key Trends and Opportunities to 2026
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Uruguay Insurance Market Overview
Uruguay insurance industry was valued at $1.5 billion in 2021. The industry is expected to grow at a CAGR of more than 12% during the period 2021-2026. Uruguay insurance industry report provides a detailed outlook by product category for the Uruguayan insurance industry. The report provides in-depth market analysis, information and insights into the Uruguayan insurance industry. It provides values for key performance indicators such as gross written premium, penetration, premium accepted and ceded, profitability ratios, and premium by line of business, during the review period and forecast period.
Uruguay Insurance Industry, Outlook
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Key Trends In The Uruguay Insurance Industry
- On April 4, 2022, the Superintendence of Financial Services (Superintendencia de Servicios Financieros – Superintendency) of the Central Bank of Uruguay (BCU) introduced the Road Map on Risk Capital Requirements for Insurance Companies, to establish a tentative work schedule and implement a risk capital model that encompasses insurance, market, credit and operational risks. Furthermore, for the roadmap preparation, a multidisciplinary working group was formed to analyze the comparative regulations of Latin American countries and international standards for solvency risks.
- With the emergence of the COVID-19 pandemic, Banco de Seguros del Estado began to use digital methods, adopting digital invoices received via email.
- For all international travelers entering Uruguay, new travel procedures and limitations have been enforced. Visitors must provide proof of legitimate Uruguayan health insurance, which includes medical coverage for COVID-19. The medical coverage amount has not been provided.
Key Segments in the Uruguay Insurance Industry
The key segments in the Uruguay insurance industry are life insurance and general insurance. General insurance has the highest share in the Uruguay insurance industry.
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Key Life Insurance Competitors in the Uruguay Insurance Industry
- Banco de Seguros del Estado
- Seguros Sura Uruguay SA
- Zurich Santander Seguros Uruguay SA
- MetLife Seguros SA
- Mapfre Uruguay Seguros SA
- Porto Seguro – Seguros Del Uruguay SA
- Others
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Key General Insurance Competitors in the Uruguay Insurance Industry
The key general insurance competitors in the Uruguay insurance industry are
- Banco de Seguros del Estado
- Seguros Sura Uruguay SA
- Mapfre Uruguay Seguros SA
- Porto Seguro – Seguros Del Uruguay SA
- SBI Seguros Uruguay SA
- HDI Seguros SA(Uruguay)
- Others
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Market overview
Market size 2021 | $1.5 billion |
CAGR% (2021-2026) | 12% |
Key segment | Life Insurance and General Insurance |
Key life insurance competitors | Banco de Seguros del Estado, Seguros Sura Uruguay SA, Zurich Santander Seguros Uruguay SA, MetLife Seguros SA, Mapfre Uruguay Seguros SA, Porto Seguro – Seguros Del Uruguay SA, and Others |
Key general insurance competitors | Banco de Seguros del Estado, Seguros Sura Uruguay SA, Mapfre Uruguay Seguros SA, Porto Seguro – Seguros Del Uruguay SA, SBI Seguros Uruguay SA, HDI Seguros SA(Uruguay), and Others |
Scope
This report provides a comprehensive analysis of the Uruguay insurance industry –
- It provides historical values for the Uruguayan insurance industry for the report’s review period, and projected figures for the forecast period.
- It offers a detailed analysis of the key categories in the Uruguayan insurance industry, and market forecasts to 2026.
- It profiles the top life insurance companies in Uruguay and outlines the key regulations affecting them.
Scope
This report provides a comprehensive analysis of the Uruguayan insurance industry –
– It provides historical values for the Uruguayan insurance industry for the report’s 2017-21 review period, and projected figures for the 2021-26 forecast period.
– It offers a detailed analysis of the key categories in the Uruguayan insurance industry, and market forecasts to 2026.
– It profiles the top life insurance companies in Uruguay and outlines the key regulations affecting them.
Reasons to Buy
- Make strategic business decisions using in-depth historic and forecast market data related to the Uruguayan industry, and each category within it.
- Understand the demand-side dynamics, key market trends and growth opportunities in the Uruguayan insurance industry.
- Assess the competitive dynamics in the Uruguayan insurance industry.
- Identify growth opportunities and market dynamics in key product categories.
Seguros Sura Uruguay SA
Zurich Santander Seguros Uruguay SA
MetLife Seguros SA Mapfre Uruguay Seguros SA Porto Seguro - Seguros Del Uruguay SA
Sancor Seguros SA HDI Seguros SA (Uruguay)
Table of Contents
Frequently asked questions
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What was the Uruguay insurance industry market size in the year 2021?
The Uruguay insurance industry market size was $1.5 billion in the year 2021.
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What is the Uruguay insurance industry growth rate?
The insurance industry in Uruguay is expected to grow at a CAGR of more than 12% during the period 2021-2026.
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What are the key segments in the Uruguay insurance industry?
The key segments in the Uruguay insurance industry are life insurance and general insurance.
-
Who are the key life insurance competitors in the Uruguay insurance industry?
The key life insurance competitors in the Uruguay insurance industry are Banco de Seguros del Estado, Seguros Sura Uruguay SA, Zurich Santander Seguros Uruguay SA, MetLife Seguros SA, Mapfre Uruguay Seguros SA, Porto Seguro – Seguros Del Uruguay SA, and others.
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Who are the key general insurance competitors in the Uruguay insurance industry?
The key general insurance competitors in the Uruguay insurance industry are Banco de Seguros del Estado, Seguros Sura Uruguay SA, Mapfre Uruguay Seguros SA, Porto Seguro – Seguros Del Uruguay SA, SBI Seguros Uruguay SA, HDI Seguros SA(Uruguay), and others.
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