›atin ‘merica: ‰oivia… Œoom ia… Ecuador and ƒeru ‰oivia… Œoom ia… Ecuador and ƒeru form ˆhe ‘ndean countries of ‰oivia… Œoom ia… Ecuador and ƒeru form ›atin ‘merica’s a cohesive frontier market ock‡ arest ock of frontier markets the other ein the much smaer rouin of Œentra ‘merican markets„‡ ˆheir mem ershi in the ‘ndean Œommunity of Nations Œomunidad ‘ndina… Œ‘N„ — a customs union datin ack to 1’6’ — underscores their eorahica… socia and economic cohesiveness‡ ˆhe Œ‘N ro“ect has een in a eyance and overshadowed y new rouins such as the ƒacific ‘iance ut nevertheess… the ‘ndean reion reresents a market of considera e otentia‡ Figure † ‰oivia… Œoom ia… Ecuador and ƒeru Colombia Ecuador Peru Bolivia Žource: Žwiss ‹e‡ ¦ith a tota ouation of around 100 miion eoe and com ined €‚ƒ estimated to e around ¥Ž‚ ¢00 iion in 201™ ¥Ž‚ 1‡¡ triion in urchasin ower arity terms„… the four frontier markets are rouhy one†third the siŠe of ‰raŠi‡ Economic rowth in the reion has een ro ust… averain ™‡1 er year in the ast decade… hiher than oth ˜ercosur ¡‡’„ and the ƒacific ‘iance ¡‡¡„‡24 Table ±ey economic and insurance indicators of ‰oivia… Œoom ia… Ecuador and ƒeru… 201™ €‚ƒ… €‚ƒ er caita… €‚ƒ rowth ƒouation… Non†ife enetration… ›ife enetration… ˆota enetration… ¥Ž‚ iion ¥Ž‚ 2016–2020—„ miion in of €‚ƒ in of €‚ƒ in of €‚ƒ ‰oivia ¡¢ ¡46’ ¡‡™ 10‡¢ 0‡¢ 0‡¡¡ 1‡20 Œoom ia ¡™ ¢21 ¡‡6 4’‡™ 1‡0 0‡¢¡ 2‡™4 Ecuador 10™ 64 ¡‡1 16‡2 1‡41 0‡¡1 1‡¢2 ƒeru 204 6™¡0 4‡2 ¡1‡2 0‡’¢ 0‡’ 1‡6 Žource: ”xford Economics… Žwiss ‹e Economic ‹esearch Ÿ Œonsutin‡ 24 ˜ercosur comrises ‘rentina… ‰raŠi… ƒarauay… ¥ruuay… and ªeneŠuea‡ ˆhe ƒacific ‘iance comrises Œhie… Œoom ia… ˜exico… and ƒeru‡ Swiss Re sigma No 2/2016 1™
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