MARKET INTELLIGENCE
Insurance: Stable prices

According to the latest report from the insurer Marsh, 2014 was a stable year for the Latin American insurance market. Most countries did not experience a rate increase, and some rates even moved lower. Venezuela continues to be the country with the biggest challenges for insurers, with higher prices in many lines of coverage.
Argentina, Brazil, Peru, Puerto Rico and Uruguay also experienced increases in the cost of some coverage, while Chile was the region’s most stable country, since it didn’t register any price increases.
Health care coverage was the most difficult line of business for insurers in 2014, with insurance costs increasing in nine of the 10 countries analyzed as a result of inflation, the increasing cost in medical inputs and a larger number of claims.

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