In 2023, the total gross direct insurance premiums in Argentina stood at 150 US dollars per capita. The forecasted values for 2024 to 2028 show a clear declining trend. From 2024 (135.42 USD) to 2028 (83.03 USD), there is an annual decrease. Year-on-year variations indicate this decline more explicitly: -13.1% for 2025, -12.1% for 2026, -11% for 2027, and -9.8% for 2028. When we look at the compound annual growth rate (CAGR) over the last five years, we see an average annual decline of approximately 12%.
Future trends to watch include the impacts of economic instability, currency fluctuations, and regulatory changes on the insurance market. Additionally, advancements in technology and shifts in consumer behavior towards digital insurance platforms may create opportunities for innovation and growth, potentially altering the current downward trend.
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