LATIN AMERICAN NON-LIFE MARKET PREMIUM FALLS IN 2016, MAPFRE RESEARCH FINDS.

The non-life Insurance Market in Latin America declined by 11.3% in 2016, with total Premium volume of around $78.7bn according to Mapfre Economic Research. The fall in Premium was largely due to the measurement of the market in dollar terms and the impact of depreciation of a large proportion of Latin American currencies in 2016.