Banking & Insurance | New Rankings
Insurance Market in Chile - 2023.12 Rankings
Chile's insurance market exhibited robust growth, with direct premium volumes reaching 13.3 trillion Chilean pesos, representing a notable year-on-year increase of 17%. In life insurance, METLIFE secured the top position with an 18.6% market share, followed by CONSORCIO (17.1%) and PENTA (13.8%). In the non-life insurance business, BCI SEGUROS dominated with a 12.4% market share, closely trailed by SURAMERICANA at 12.1% and HDI with 10.5%.
Retail Banking in Brazil - 2023.12 Rankings
The Brazilian retail banking market reached a total of 273.2 million active clients as of December 2023. This represented a quarterly increase of 1.4% and an annual growth of 6.1%. NUBANK held a dominant position with 19.1% of the market, ITAU secured 11.7%, and BRADESCO captured 9%. The other companies rounding out the top ten in market share were CAIXA, SANTANDER, BB, C6 BANK, BTG PACTUAL, BANCO CSF, and BMG. Collectively, these ten competitors accounted for 69.9% of personal banking clients.
Insurance Market in Bolivia - 2023.12 Rankings
Bolivia's insurance market saw direct premium volumes reaching USD 744.3 million as of Q4.2023, marking a nominal year-on-year increase of 5.4%. Three insurance groups dominated the market: ALIANZA emerged as the leader with a market share of 19%, followed closely by GRUPO FINANCIERO UNION at 18.8% and LA BOLIVIANA CIACRUZ with 16.6%.
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Insurance Market in Panama - 2023.12 Rankings
As of December 2023 the insurance market in Panama reaches a net written premium volume of USD 1865 million (a drop of 2.4% compared to 2022) mainly due to the impact of an unfavorable evolution of the individual life businesses, multi-risk coverage and technical lines. However, according to an optimistic scenario of projections for 2026 the local business could reach almost USD 2600 million if a favorable macroeconomic context occurs.
Leasing Market in Argentina - 2023.12 Rankings
In the banking leasing market in Argentina, the data for Q4 2023 highlights notable increases in market share for several companies. Banco Comafi leads with a significant growth of 1.70 percentage points, increasing its market share from 14.6% in September 2023 to 16.3% in December 2023.