Latin America: leading insurance companies 2020-2021, by market share
In 2021, Mapfre was the largest insurance group in Latin America, accounting for 5.5 percent of the insurance market in the region. Mapfre is headquartered in Spain and the second and third largest insurers hailed from Brazil. Bradesco, a financial services company, was the second largest insurance group in Latin America with a 5.3 percent market share.