Report Published: "Argentina Insurance Report Q3 2016"
New Financial Services market report from Business Monitor International: "Argentina Insurance Report Q3 2016"
[ClickPress, Wed Jul 20 2016] As a result of Argentina's decision to float the peso in December and its subsequent depreciation against major currencies, insurance premiums will continue declining in US dollar terms in 2016. BMI anticipates an acceleration in real GDP growth from late 2016, although inflation will remain elevated and will weigh on growth in demand for insurance. However, greater access to US dollars and a more favourable business environment will prompt an uptick in investment which will, from 2017, lead to a boost in demand. In the coming years, the peso will appreciate gradually as foreign money flows into the economy accelerate, which should support growth in premiums in US dollar terms. The non-life segment will grew faster than life premiums due to high demand for motor insurance lines and other personal covers. Nevertheless, the lie market will benefit from a recovery in incomes and a desire for alternative investment products that are more insulated from the volatility of the markets.
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