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International

Mixed 2014 outlook for Mexican insurance sector: Fitch

May 07, 2014 Reprints

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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Mixed 2014 outlook for Mexican insurance sector: Fitch

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