Foreign insurers will look more favourably on risks in Argentina as the country emerges from a period of sustained recession and hyper-inflation. The government of President Javier Milei has brought the monthly inflation rate down from its December 2023 peak of 25.5% to 1.9% in August 2025, although this still translates to an annual rate of over 33%. The government has been working to attract direct foreign investment and has offered subsidies for the important agricultural sector to raise the level of insurance. Whether this will be enough to encourage insurers back into the market remains to be seen.