2026 Mexican Insurance Final Sales Figures
Mexico’s insurance market surpassed $1 trillion MXN in written premium in 2025, growing nearly 12% YoY, reinforcing its position as one of the most dynamic insurance markets in Latin America .
Market concentration remains a defining characteristic, with the top carriers—GNP, BBVA, MetLife México, Quálitas, and AXA—controlling a significant share of total premium. However, mid-tier carriers such as Banorte, Mapfre, Allianz, and Chubb are showing accelerated growth, indicating increasing competitive pressure across both life and P&C segments .
In auto insurance, total premiums exceeded $212B MXN, with strong growth across domestic, commercial, and cross-border segments. Notably, the tourist auto segment grew over 10%, with Chubb expanding its leadership position and Quálitas maintaining strong share .
For MGAs, brokers, and digital distributors, key trends include:
- Continued carrier consolidation at the top
- Strong growth in niche and specialty segments
- Increased digital distribution adoption
- Expansion of cross-border insurance demand
These dynamics present significant opportunities for partnerships, embedded insurance models, and cross-border distribution strategies, particularly for platforms focused on U.S.–Mexico mobility.
