Coronavirus: financial analysis XXVII

The Latin American insurance market grew by 1.6 percent in 2019 and faces a complex 2020

The insurance market in Latin America experienced a 1.6% increase in premiums in 2019, reaching USD 153 billion, 54% of which corresponded to Non-Life insurance, and the balance to Life insurance. These data are included in The Latin American Insurance Market in 2019 report, prepared by MAPFRE Economics and published by Fundación MAPFRE.

Latin America’s aging population is growing rapidly

Economies that go through industrialization later face much faster demographic transition. This is the case in Latin America, as illustrated in the latest MAPFRE Economics report on the insurance market in the region. The resulting public policy challenges that will need to be dealt with over the coming decades are considerable.

MAPFRE is one of the world leaders most fulfilling their social commitment during the pandemic

The consulting firm KKS Advisors has carried out an analysis of the companies comprising the S&P500 and FTSEEuroFirst indices to see if they really make good on their corporate purpose and social commitment. The study is very timely in terms of the economic consequences of COVID-19. MAPFRE appears in the first quartile of the ranking, which groups together those companies that were awarded the highest scores.

ESG standards: the experience of the Financière Responsable
La Financière Responsable (LFR) is a French fund management company with more than 10 years of experience in the ESG field, i.e. investments meeting environmental, social and governance criteria. MAPFRE acquired a 25% stake in this firm in November 2017, precisely because of its commitment to this segment. In this article, LFR’s President, Olivier Johanet, explains the rules for setting up a suitable business database, such as the one it shares with MAPFRE.

“The current situation is an opportunity for managers to find winning companies at affordable prices”

The campaign to present results will begin in a few days. We will have the opportunity to detect the true rate of recovery and see which companies are more agile and confident in adapting to the new reality that has been foisted upon us by COVID-19. Alberto Matellán, chief economist at MAPFRE Inversión, analyzes this and other issues, such as potential mergers in the telecom sector and the US elections, and offers his recommendations for retail investors.