Overview
- Congress approved the insurer–government agreement to be published in the 2026 tax package, ending insurers’ ability to credit VAT paid when indemnifying claims.
- AMIS said each company will determine 2026 pricing, with outside estimates indicating some policies could rise by up to about 16% depending on product mix.
- The change will weigh most on auto, major medical expense, and certain property and damage lines, with effects varying by each insurer’s portfolio.
- The accord effectively condoned pre‑2025 VAT exposures and set the new rule from 2025 onward, paired with an installment option for 2025 dues in 2026 without fines or interest.
- Industry data show roughly 8% real growth in 2025, premiums on track to reach about MXN 1 trillion, claims paid near MXN 414 billion, and vehicle theft down 9.6% year over year, with notable declines in the State of Mexico, Jalisco, and Puebla.