Argentina: The Changing Fortunes of the Argentinian Insurance Market

Yolanda Blasco and Rodrigo Rabetino

in World Insurance

Published in print August 2012 | ISBN: 9780199657964
Published online September 2012 | e-ISBN: 9780191744709 | DOI:
Argentina: The Changing Fortunes of the Argentinian Insurance Market

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Before the official declaration of an independent Argentine Republic on the 9 July 1816, the Kingdom of Spain had organized its territory in South America as a commercial monopoly, with the objective of earning much needed fiscal revenues. Marine insurance contracts relating to these early trading activities tended to be managed from the Iberian Peninsula. The European powers tended not to export their own insurance models to these new markets with the goal of founding domestic operations. Instead they were primarily interested in insurance as a means of securing trade routes and safeguarding the interests of their own citizens and trading companies, to whom they would often be closely related. In particular, life insurance played a minor role and would have to largely await the development of local, domestic insurers in the twentieth century. There was, however, early recognition of the potential role of insurance from those trying to create a stable and independent Argentine state. This chapter traces the history of the development of Argentinian insurance industry. It discusses the shaping of a national insurance market from 1890–1936; nationalization and the drive for growth from 1937–1976; and opening-up from 1976–2010.

Keywords: Argentinian insurance industry; insurance history; reinsurance; marine insurance; life insurance

Chapter.  12414 words. 

Subjects: International Business

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