Insurance: The week in 10 stories

By
Friday, January 25, 2019

Latin America's disaster price tag fell significantly in 2018 due to a lighter Atlantic hurricane season and weaker earthquakes.

A survey from Dutch software developer FRISS found that many insurers should upgrade their anti-fraud defenses as cybercrime is becoming increasingly more sophisticated.

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BRAZIL

The government will evaluate measures to reduce the price of rural insurance.

Digital lender Banco Inter grew its insurance business at a record pace, as sales jumped by more than 290% last year.

The government will spend US$80mn in a bid to reduce fraud in the public pension system.

CHILE

The pension regulator launched a tender for new workers entering the private pension system.

More than 80% of investments held by insurers and mutual and investment funds at the end of Q3 were invested in the domestic market.

MEXICO

Legislation was introduced to give pension fund managers greater investment flexibility, while also giving regulators greater oversight in investment matters.

PERU

The country's private pension fund managers are working with the financial services regulator to make the system more attractive by designing new savings and investment products.

PUERTO RICO

Insurance sector regulator OCS is working to release rules on catastrophic microinsurance in March.