According to a report released recently by Fundacion Mapfre, total premiums for Latin America as a whole grew by 7.4% when comparing the first half of 2009 to the first half of 2008. Regional premiums for the first half of 2009 reportedly totaled US$ 49.9 billion (35.8 billion Euros).

The Latin American non-life sector grew 13.2% half year over half year to 23.7 billion Euros, paced by growth in the health, fire and workers' compensation lines. Auto insurance premiums grew by only .7% for the same period, while life insurance premiums were down 2.4% due to disruptions in the Argentine pension market, slower expansion in many jurisdictions and negative growth in Chile, Mexico and Puerto Rico.