Market Research Report
Economic Liberalization in Latin America - How is it Affecting Insurance?
|Published by||Timetric||Product code||576075|
|Published||Content info||33 Pages
|Economic Liberalization in Latin America - How is it Affecting Insurance?|
|Published: October 30, 2017||Content info: 33 Pages||
Timetric's Insight Report: Economic Liberalization in Latin America - How is it Affecting Insurance? analyzes the growth of insurance in Latin America.
Latin America is a lucrative region for global insurers facing sluggish growth and the rise of technology in larger developed markets. The region's low insurance penetration and capacity for strong growth in income per capita are key assets for insurers.
Although political and economic conditions vary, overall the region has a bright outlook. A combination of rising incomes, rising penetration and large offshore energy-related projects will bolster demand for personal and commercial non-life products.
With Brazil accounting for around half the region's insurance market, its prospects will heavily skew expectations for the region. Against this backdrop, insurers will accelerate digital transformation to drive efficiency, improve profitability and increase penetration. Regulatory reform in the areas of capital adequacy, cyber-risk and insurtech is expected to widen the insurance industry in this region.
The report also analyzes the regional developments in insurance and regulations. It also focuses on the current scenario of foreign ownership in each of the Latin American region and the emergence of risk-based capital framework in the region.
Timetric's Insight Report: Economic Liberalization in Latin America - How is it Affecting Insurance? analyzes the growth of insurance and the financial performance of countries in Latin America.