Chile Insurance Report - Q1 2025

Abstract

Chile's economic environment is improving, with inflation levels falling and broader economic growth resuming. This more favourable macroeconomic environment will benefit the nation's insurance sector as disposable incomes grow. In addition, demographic trends help uptake of certain insurance products, particularly among life lines. The industry is competitive, with a range of domestic, regional and international firms operating in the sector. High levels of competition are driving innovation in the sector. Increased technological innovation and supply-side offerings are bolstering natural demand-side growth.