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Brazil: Insurer confidence in economy falls to lowest level, finds survey

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Monthly indicator ICES has revealed that insurer confidence in Brazil's economy has fallen to the lowest level in May 2014 since the index began 19 months ago, BNamericas reported.

The indicator, based on surveys, showed that 48% of insurers expect economic conditions to get worse in the next six months, while 52% expect it to stay broadly unchanged.

The survey also found that 16% of insurers expect improved profits, 69% expect no change and 15% expect a decline in profits.

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