The accident rate for the second quarter of this year reflects “the stabilization of the frequency of accidents, but also a 3.2% increase in vehicle thefts, in line with what is expected during election periods,” the firm said in its quarterly report.
The cost of accidents was 9.9 billion pesos, 18% more than last year.
The insurer, which is the largest in the country by number of insured vehicles, achieved premiums of 15.424 billion pesos, which represented an increase of 28% compared to last year.
With this figure, Quálitas insures 5.6 million units in Mexico, the United States, Costa Rica, El Salvador, and Peru.
