Forecast: Insurance and Financial Services Exports in Chile

The insurance and financial services exports in Chile demonstrated significant fluctuations from 2013 to 2023, with noticeable peaks in 2020 and 2021, largely attributed to exceptional market conditions. In 2023, the exports stood at 9.55 units, reflecting a 12.16% increase from the previous year. Over the last two years, the year-on-year variation showed a notable recovery from the sharp decline in 2022. The 5-year CAGR from 2019 to 2023 was robust at 10.14%, indicating strong average annual growth.

Looking forward, from 2024 to 2028, the forecasted data suggests moderate growth with a 5-year CAGR of 0.82% and a forecasted 5-year growth rate of 4.17%. By 2028, exports are expected to reach 10.05 units. Key trends to watch for include the increasing role of digital financial services, evolving regulatory environments, and the impact of global economic conditions on demand for insurance and financial services exports from Chile.