Latin America: Moody's foresees rapid growth in insurance industry

Alan Murray, senior vice president at Moody's Investors Service Inc., has said that Latin America is likely to remain one of the fastest-growing insurance markets globally, BNamericas reports.

Latin America has been outpacing developed and other emerging markets, Mr. Murray told the news website, adding that the region's insurance industry posted an average annual growth of nearly 15% over the last 10 years.

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