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Peru: Fitch maintains stable outlook on insurance sector

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Fitch Ratings Ltd. has maintained a stable outlook for the Peruvian insurance sector, Gestion.pe reports.

Insurers in the country are backed by adequate capital positions and strong profitability, the ratings agency said. The anticipated recovery in the Peruvian economy in 2015 would further drive growth in gross written insurance premiums, said Fitch. However, insurers are still very much influenced by volatile financial income, Fitch added.

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