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Mixed 2014 outlook for Mexican insurance sector: Fitch

May 7, 2014 - 6:00am

Fitch Ratings Ltd.said the outlook for Mexico's insurance sector in 2014 is mixed, reports BNamericas.

It said total insurance premiums are likely to increase by 13%, partly because of higher demand driven by improved economic conditions, though combined ratios could decline, partly due to higher regulatory expenses.

The ratings agency said premiums volume increased 10% in 2013, while combined ratio improved to 104.5%, BNamericas reported.

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