The Gross Premium Income for Non-life Insurance in Mexico exhibited a fluctuating trend from 2013 to 2023. The value stood at $14.7 billion USD in 2023, following a general upward trajectory since 2020. This culminated in an average annual growth (CAGR) of 1.13% over the past five years. Positive year-on-year variations are observed from 2021 onwards, reversing a previous multi-year decline.
The forecast indicates a steady incremental growth, with the value projected to reach $15.42 billion USD by 2028, translating into a 5-year CAGR of 0.82%. This reflects a moderate but consistent rise in premium income.
Future trends to watch for include regulatory changes, technological advancements, and evolving customer preferences, all of which could significantly impact the market dynamics and growth trajectories in the coming years.
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