The life insurance reserves as household financial assets in Mexico have shown a general upward trend since 2013, reaching 2.71 units of total assets by 2023. Notable year-on-year variations include marked growths of 7.18% in 2018 and stable growth of around 2.2% over the last two years. The compound annual growth rate (CAGR) over the past five years stands at 2.95%, pointing towards moderate but consistent growth. Forecasts indicate a continued increase, with reserves expected to rise to 2.96 units by 2028, projecting a 7.36% growth rate, though with a slightly lower CAGR of 1.43% from 2024 onward.
Future trends to watch for include:
- The impact of economic policies on household savings and insurance purchases.
- Shifts in demographic factors influencing demand for life insurance products.
- Technological advancements and digitalization within the life insurance sector.
