Fitch: Brazilian Insurance Companies Prepare to Face Market Challenges

Submitted by Kathleen McGrath on Tue, 07/07/2009

The Brazilian insurance market continues to be the largest in Latin America, with a total of BRL96.2 billion in premiums written in 2008, followed by Mexico, Argentina and Colombia. Despite its low participation in GDP (only 3.5% at first-quarter 2009), a time of regulatory transition and deterioration in the macroeconomic environment in the short term, it still presents significant potential for greater development once a consistent recovery in economic growth is observed, according to Fitch Ratings.

http://www.insurancebroadcasting.com/insurance-news-070709-13.htm

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