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In terms of gross written premium, the Argentine personal accident and health segment registered a healthy growth rate during the review period, despite high inflation, stock market fluctuations and an economic slowdown in 2012. The segment grew at review-period CAGR of 35.8%. Growth was partly attributed to increasing outbound travels, disposable incomes, rising healthcare expenditure and the growing awareness of the benefits of this insurance. These factors, coupled with the anticipated positive development of Argentine GDP, are expected to support the personal accident and health insurance segment over the forecast period. As such, the segment’s gross written premium is projected to increase at a forecast-period CAGR of 28.1%.