Moody's takes positive action on 13 Bolivian insurers

Moody's has taken positive rating actions on 13 Bolivian insurers based on improvements in the insurance operating environment in the country, according to a statement by the agency.

The agency placed the global-local currency (GLC) and national scale (NS) insurance financial strength (IFS) ratings of the following insurers on review for possible upgrade: Alianza, Alianza Vida, Bisa, BUPA, Fortaleza, Crediseguro Seguros Personales, Ciacruz, Ciacruz Seguros Personales, La Vitalicia Seguros y Reaseguros de Vida, Latina Seguros Patrimoniales and Nacional Vida Seguros de Personas.

Additionally, Moody's placed on review for possible upgrade Seguro Illimani's NS IFS rating, and changed the outlook of Seguro Provida's GLC IFS and NS IFS ratings to stable from negative.

"An improving operating environment tends to have a positive influence on insurer's credit profiles, as it may translate over time into improved business and financial fundamentals," said Moody's.