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Smaller markets providing growth in LatAm
26 February 2010
Low insurance penetration rates in Latin America represent untapped potential opportunities, according to an Edwards Angell Palmer & Dodge webinar on the Latin American market. But it is not only the more established markets in the region that are proving attractive.
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Low insurance penetration rates in Latin America represent untapped potential opportunities, according to an Edwards Angell Palmer & Dodge webinar on the Latin American market. But it is not only the more established markets in the region that are proving attractive.
As local economies modernise insurance will increasingly become a part of the local culture, said Edwards Angell Palmer & Dodge lawyers and hosts of the event, John Dearie and Machua Millett. The Opportunities and Risks for (Re)insurers in Latin America in 2010 and Beyond webinar held this week highlighted positive trends coming out of the region and encouraged insurers and reinsurers to see the potential solutions to low insurance penetration.
In the past year, the overall Latin American insurance market has continued to grow. Fundacion Mapfre estimated a growth of 7.4% for the first half of 2009 compared with the first half of 2008. Based upon the first half figures,...
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