Ecuador

The country profile below provides information on population, gross domestic product, insurance premiums and leading insurers.

Insurance Association

Asociacion de Companias de Seguros del Ecuador

 

Population, 2011-2015 (1)

Year Population
2011 15,007,343
2012 15,223,680
2013 15,439,429
2014 15,654,411
2015 15,868,396

(1) Estimated.

Source: U.S. Central Intelligence Agency.

 

 

Gross Domestic Product, 2011-2015 (1)

(U.S. $ billions)

Year GDP
2011 $115.3
2012 124.8
2013 157.6
2014 182.0
2015 183.4

(1) Based on Purchasing Power Parity calculations, which take into account the relative cost of living and inflation rates of countries. GDP estimate for July for each year shown.

Source: U.S. Central Intelligence Agency.

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Life And Nonlife Insurance Premiums, 2015

(U.S. $ millions)

  Direct premiums written
Nonlife premiums (1) $1,878
Life premiums $355
Total premiums $2,232
Percent of total world premiums 0.05%

(1) Includes accident and health insurance.

Source: Swiss Re, sigma, No. 3/2016.

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Leading Nonlife Insurance Companies, 2014

  Gross written premiums
Company USD Mn
Sucre 359.5
Equinoccial 272.3
Colonial 215.0
Ace Seguros 166.0
AIG Metropolitana 89.7
MAPFRE-ATLAS 86.4
Liberty Seguros 76.7
Aseguradora Del Sur 73.0
Seguros Unidos 71.7
Rocafuerte 69.5

Source: Axco Insurance Information Services.

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Leading Life Insurance Companies, 2014

  Gross written premiums
Company USD Mn
Seguros De Pichincha 86.6
Equivida 56.6
Ace Seguros 29.6
Liberty Seguros 21.4
Pan-American Life Insurance 18.4
Colvida 16.8
AIG Metropolitana 14.8
Ecuatoriano Suiza 14.8
Sucre 13.3
Bmi 11.4

Source: Axco Insurance Information Services.

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