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It is estimated that currently the global vehicle fleet exceeds 1.4 billion units.
Currently, it has been recorded that there is a vehicle for every 5 or 6 people in the world.
Only in Mexico there is a vehicle fleet of more than 35.4 million, of which only 6.5 million have car insurance.
Currently, a large part of world society has been involved in growing financial uncertainty, an aspect fostered by the ravages generated by the global health crisis, the growing problems generated by armed conflicts and the uncertainty generated by socioeconomic and political aspects; however, a recent study indicates that confidence in securities has increased despite inflation, according to what was indicated by a study.
Worldwide, international statistics that around the world there are just over 1,400 million vehicles, a figure that represents that for every 5 or 6 people in the world, there is a vehicle; However, at the national level, the National Institute of Statistics and Geography (INEGI) recorded that there are just over 6.9 million people with car insurance, while the vehicle fleet is close to more than 35.4 million cars in circulation.
Confidence grows in auto insurers despite inflation according to study
At present, it has been indicated that the insurer market fell from 12.6 percent according to what was registered in June 2021, to 4.9 percent during the same period of 2022, according to the SURA Insurance Insurance Market:
“At Seguros SURA we have cared above all about customer satisfaction and in this sense we are constantly working to implement tools and products that meet their needs, which for the company translates into growth and security for the insured,” Mónica pointed out. López, Director of Commercial Alliances and Digital Access at Seguros SURA México.
Similarly, Insurer SURAshowed a growth of just over 27.8 percent in terms of life policy at the end of 2022, which has allowed it to place this insurer in the 20th place of commercial participation, positioning this product on the rise with respect to all its insurance.
“It is necessary for insurers to continue updating their products constantly to be competitive in the market, especially in uncertain times, where inflation, according to data from the Consumer Price Index (CPI), has grown 7.8 percent in the second quarter of 2022, the highest level since 2001”, commented Mónica López.
However, this is not the only firm that has noticed growth within its insured base, because according to consumer surveys, these are some of the most reputable car insurers in the country: Qualitas, GNP, AXA, Seguros Banorte, Zurich, Seguros Inbursa, HDI, El Águila.
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