Global Insurance Market in Latin America Enters Moderation Phase After Years of Increases
There is a need to raise more awareness among Colombians about the importance of insurance. Photo: Image generated with Artificial Intelligence - ChatGPT
TL;DR
- Global commercial insurance rates decreased by an average of 4% in Q4 2025, marking a general moderation.
- Latin America saw a 7% drop in insurance rates in Q4 2025, with property damage insurance leading the decline at 12%.
- Increased competition and available capacity are driving down rates, particularly in markets like Chile and Brazil.
- Civil liability insurance remained stable overall but saw decreases in non-vehicle related coverages in several countries.
- Financial and professional lines experienced a 10% rate reduction, marking the ninth consecutive quarter of decline.
- Cyber insurance rates fell by 14%, despite an increase in cyber incidents in the region.
- The current market environment presents better opportunities for businesses to protect assets and grow with confidence.