The undisputed leader remains the Instituto Nacional de Seguros (INS), with a 90.2% market share and among the private companies the strongest are Mapfre and Assa with a 9.6% share between them.

According to the Superintendent of Insurance, the largest segment of the market is the general insurance category (51%), followed by sickness insurance (26%) and personal life policies (26%).

"Excluding certain sickness policies (which are only sold by the INS), the main policies sold in the market are automotive (35%), fire (21%), life (17%) and health (14%)" adds Nacion.com.

Source: Nacion.com

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