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July 5, 2022updated 11 Jul 2022 9:19am

The five leading life insurance and pension companies in Bolivia in 2021

By Carmen

The Bolivia life insurance and pension market witnessed an increase at a compound annual growth rate (CAGR) of 13.2% from $0.2bn in 2016 to $0.3bn in 2021.

As per the data, the leading companies occupied 84.5% of Bolivia’s total life insurance and pension market.

1. Nacional Vida Seguros De Personas

Nacional Vida Seguros De Personas ranked number one in the country, reporting a growth of 11.5% compared with the previous year’s premium. Its position among the leading life insurance and pension companies remained unchanged over its ranking in the previous year.

2. Alianza Vida de Seguros y Reaseguros

Ranking number two in Bolivia’s life insurance and pension market was Alianza Vida de Seguros y Reaseguros. The company registered a 13.9% growth compared with the premium in 2020. Among the leading life insurance and pension companies, its position remained unchanged when compared with its previous years ranking.

3. La Vitalicia Seguros y Reaseguros de Vida

La Vitalicia Seguros y Reaseguros de Vida ranked number three in Bolivia’s life insurance and pension market. Compared with previous year’s premium, the company registered a growth 2.7%. Its position among the leading life insurance and pension companies remained unchanged over its ranking in the previous year.

4. La Boliviana Ciacruz Seguros Personales

La Boliviana Ciacruz Seguros Personales, which ranked number four in Bolivia’s life insurance and pension market, registered a 7.4% decline compared with last year’s premium. Its position among the leading life insurance and pension companies remained unchanged over its ranking in the previous year.

5. Seguros y Reaseguros Personales Univida

Seguros y Reaseguros Personales Univida ranked number five in Bolivia’s life insurance and pension market. The company registered a growth of 1% compared with last year’s premium. Its position among the leading life insurance and pension companies remained unchanged over its ranking in the previous year.

Methodology

This analysis is drawn from GlobalData’s Company LoB Breakdowns Database, which tracks key insurance metrics across segments, categories, and line of businesses for more than 150 markets, globally. The data is sourced from regulatory authority/industry association/company SFCR. This data is mapped to segments and categories as per our standard Industry Native Taxonomy Structure. The calculations are based on premiums standardised by the following order of preference Gross Written Premiums > Direct Written Premiums > Net Earned Premiums > Net Written Premiums. Verdict’s parent company GlobalData provides business information to 4,000 of the world’s largest companies.

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