Chile’s Financial Market Commission published its Financial Report of the Insurance Market for the first half of 2025, showing total insurance sales of USD 8,442 million, up 10.2% in real terms versus the first half of 2024. Life insurance sales rose 15.4% in real terms to USD 5,771 million, while general insurance sales increased 0.3% to USD 2,672 million. Sector profits totalled USD 598 million, a 5% real decline year on year. Within life insurance, pension insurance accounted for 68.1% of sales, with life annuities representing 46.8% of direct premiums, followed by Disability and Survivors Insurance (16.5%), banking and retail insurance (11.4%), and individual policies (10.3%). In general insurance, the largest shares of direct premiums were motor vehicles (26.2%), earthquake and tsunami (25.5%), fire (14.1%), collaterals and loans (4.8%), civil responsibility without motor vehicles (4.6%), unemployment (4.1%), and Compulsory Personal Accidents Insurance (2.3%). Life insurers reported profits of USD 420 million, down 11% in real terms due to higher claim and rent costs, while general insurers posted USD 178 million, up 12.9% in real terms on lower claim costs and higher contribution margins; investment portfolios remained concentrated in domestic fixed income instruments (53.6% for life insurers and 74.7% for general insurers).

Original source View in tracker