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Latin America is strong and steady: report
02 February 2010
Despite the economic slowdown the Latin American insurance market held steadfast in 2008 and showed continued signs of strength in 2009, according to a Fundación Mapfre report.
Despite the economic slowdown the Latin American insurance market held steadfast in 2008 and showed continued signs of strength in 2009, according to a Fundación Mapfre report.
Nineteen Latin American countries were analysed in the in the VIII Latin American insurance market report. In 2008, the market saw an 11% rise in premium volumes compared to the preceding year, reaching Eu69.3bn ($96.6bn).
As with 2007, the translation of revenues from premiums in the region into Euros did not favour local currencies. The...
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