At the end of the first quarter of 2023, the medical inflation continues to impact the cost of insurance for major medical expenses. According to the National Insurance and Bond Commission (CNSF) the hiring of this financial product it was reduced at the beginning of the year; however, premiums have become more expensive.
“Medical Expenses had a rise of 10.1% despite the fact that the number of insured fell 3.4%, so the cost of the premium increased,” the agency detailed in its report on the timely performance of the insurance and surety sector at the close of the first quarter of 2023.
Last February, THE UNIVERSAL reported that the increase in the cost of insurance medical expenses reached a range between 15% to 35%, pressured by the environment of inflation which has skyrocketed the cost of medical care.
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However, according to the Mexican Association of Insurance and Bond Agents (AMASFAC), customers have made an effort to maintain their insurance in the face of increased awareness of the importance of health, largely generated by the coronavirus pandemic. Covid-19.
In detail, the CNSF explained that the category of accidents and diseases grew 9.5%, mainly due to increases in medical expenses, while personal accidents fell 4.2%.
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At the end of the first quarter of the year, the hiring of Car insurance increased 15.4% in real terms, mainly favored by the recovery of sales in the sector.
According to the National Insurance and Bond Commission, the value of the auto insurance premium reached 38 billion pesos.
For the entire insurance sector in the country, the CNSF reported a growth of 5.2% compared to the same period in 2022, with a total value of premiums of 220 billion pesos.
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vcr/mcc
2023-05-11 19:34:52
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