Forecast: Total Gross Direct Insurance Premiums in Chile

The forecast for total gross direct insurance premiums in Chile shows a steady increase from 2024 to 2028, starting at 710.47 USD per capita in 2024 and rising to 737.15 USD per capita by 2028. The year-on-year growth is relatively stable, averaging a small annual increase. The growth rate between 2024 and 2028 presents a steady upward trend, reflecting resilience and gradual market expansion.

The variations over the last two years reveal a consistent pattern:

• 2025: +1.11% from 2024
• 2026: +0.98% from 2025
• 2027: +0.86% from 2026
• 2028: +0.76% from 2027

The Compounded Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 indicates an average yearly increase of approximately 0.92%.

Future trends to watch for:

• Economic stability and its impact on the disposable income and spending behavior on insurance premiums.
• Regulatory changes and reforms within the insurance sector that could drive growth or pose challenges.
• Technological advancements and digital transformations enhancing customer engagement and operational efficiencies.
• Emerging risks, such as climate change and cyber threats, influencing insurance demand patterns.