Overview of Growth in Mexican Insurance Industry - Q1 2026

In the first quarter of 2026, the Mexican insurance industry recorded payments of 142.3 million pesos to individuals, families, businesses, and government bodies impacted by insured events. This equated to an average daily distribution of 1.5 million pesos, as stated by the Mexican Association of Insurance Institutions (AMIS). Compared to the same period in the previous year, indemnifications grew by 8.1%, indicating an increase in claim activity across various insurance sectors.

According to Norma Alicia Rosas, AMIS's Director General, the growth in indemnification payments highlights rising costs in medical care and vehicle repairs, alongside increased insurance utilization by policyholders. This data underscores the evolving dynamics of insurance claims and policy management in the sector.

Analyzing the segment breakdown, life insurance had the highest claim payouts, amounting to 53.7 million pesos. Health, medical expenses, and personal accident insurance claims followed, totaling 35.5 million pesos, an 18% uplift from the same period in 2025. Automobile insurance claims increased by 15% compared to the previous year, with total payouts reaching 35.2 million pesos.

This heightened claims activity resulted in higher loss ratios for several sectors. Specifically, the automobile and accident and health insurance lines experienced a three-percentage-point rise, achieving 53.5% and 57.2% in loss ratios, respectively. Such increases reflect the challenges faced in maintaining profitability amidst rising claim frequencies.

Despite these challenges, the insurance industry sustained positive commercial growth in the first three months of the year, with total written premiums rising by 4.8% annually to 299.9 million pesos. This growth was driven by ongoing demand across key insurance categories, demonstrating resilience in a competitive market landscape.

Norma Alicia Rosas noted that the industry has historically managed numerous transformational periods, from significant modernization in the mid-20th century to current challenges such as climate change, demographic trends, and rapid urbanization. Rosas emphasized the importance of enhancing risk awareness, prevention strategies, and insurance coverage to support long-term national resilience.

AMIS data shows that Mexican insurers currently cover risks equal to 13 times Mexico's GDP, with total premium income reaching 908.79 billion pesos. The industry’s portfolio comprises 41% automobile insurance, 21% life insurance, 19% accident and health coverage, 15% property and casualty insurance, and 4% pension products. According to projections, pensions are expected to constitute 25% of the sector by 2050.

The Mexican insurance sector boasts a considerable history, exceeding 200 years. The first insurance company, Compañía de Seguros Marítimos de Nueva España, was established in Veracruz in 1789. AMIS was founded in 1940 as the Association of Damage Insurance Companies, later expanding in 1946 to include life insurers. Currently, AMIS represents 85 member companies, which together generate approximately 99% of all insurance premiums in the country.