English 
Español 
That is why the Superintendencia del Sistema Financiero (SSF) shows that stability in the insurance industry is reflected in the inter-annual increase of US$81.8 million in premiums, that is, in the payments that policyholders make for the coverage they receive.
In 2020 insurance premiums as of september 2020 were US$508.0 million and in september 2021 they grew to US$589.8 million for a total of US$81.8 million.
New technologies will drive global premiums to US$10 trillion by 2030.
A media outlet reported that in a new report by Bain & Company that the insurance industry could reach US$10 trillion by 2030 and its biggest driver will be China as it shifts to address climate change and cybercrime.
Over the next three decades, Bain & Company forecasts that climate change will increase economic losses tenfold. According to the firm, during 2020, the U.S. experienced a record number of wildfires and a record number of storms during hurricane season, yet insurance still does not cover most losses from these natural catastrophes.
They add that the impact will vary by industry, with the greatest penetration likely to be in three major sectors: auto, travel and property, where insurance can be easily integrated into the sales or booking process.
