The Latin American insurance market 2008 - 2009
Gerencia de riesgos y seguros › Núm. 106, Enero 2010
Enlazado como:
Abogados Mercantil y de la Empresa
Resumen
In 2008 and the first half of 2009 the insurance markets of Latin America continued to show signs of strength, with nominal and real-terms increases in local currency in premiums issued in all countries, except for Puerto Rico in the first period analysed and Chile in the second. Premium revenue showed an average increase of 16,9% in 2008 and of 7,4% in the first half of 2009.
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Extracto
The Latin American insurance market 2008 - 2009
Macroeconomic Context 2008 was a good year for the economy of Latin America, although the effects of the international financial crisis led to more moderate growth, especially in the latter part of the year1. According to figures from ECLAC, the GDP of Latin America and the Caribbean expanded 4.2% in 2008, compared to 5.8% the previous year. It is worth nothing that after six straight years of economic expansion, important structural progress has been made in the region, such as fiscal discipline, with primary surpluses and a declining level of public debt; inflation that is low and stable, with an orthodox monetary policy and a flexible exchange rate regime; and reforms which have allowed the region's institutions and markets to lure capital from developed countries with low risk-pre...
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