Latin American market grew by 20.1% in 2006

The region’s non-life market in 2006 was characterised by strong price competition, although broader factors which contributed to economic development in these countries worked in favour of premium growth

Spain’s Mapfre Foundation (the research and charitable division of the Mapfre group) published its fourth report on the Latin American insurance market. Mapfre is the biggest and most influential insurance group in the region.