Mixed 2014 outlook for Mexican insurance sector: Fitch
Posted On: May. 7, 2014 12:00 AM CSTFitch 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.