Key Market Indicators
Mexico is on track to become the 20th largest insurance market in the world by 2026. Gross written premium in the country is expected to increase from $28.4 billion in 2021 to $32.7 billion by 2026, growing at a year-on-year rate of 1.7% on average. Since 1997, Mexico's insurance market has seen an average annual growth rate of 3.3%. Belgium is currently the 20th largest insurance market, with a 2021 gross written premium of $28.4 billion. The UK, Japan and Germany rank second, third and fourth, respectively.