Analysts expect growth of up to 20% until the end of 2020.
The French insurance giant said Mexico was a standout performer thanks to strong growth in the auto and health insurance lines.
The Brazilian insurer says a digital platform will reduce the number of procedures and amount of information needed to produce auto insurance quotes.
Until now Brazil has been one of the few major economies in Latin America and the developing world not to have such legislation in place.
Phishing attacks continue to be the most prevalent, with Venezuela representing the largest number of attacks per capita, while Brazil hosts the largest amount of malware overall.
Spanish banking giant BBVA said it has "expressed its willingness to negotiate with the Bolivian government to produce a smooth and orderly transfer with the regulator and the authorities."