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Growth in the Chilean life insurance sector is set to reach 7.8% in 2025, resulting in total written premiums of CLP4,263.5bn (USD4.5bn). Non-life will expand at a similar rate of 7.4% in 2025, resulting in premiums written of CLP6,740.2bn (USD7.1bn). Over the medium term, as inflationary pressures fall and interest rates fall, risks to insurance premium growth will be more to the upside. Downside risks stem social instability which could lower economic growth.