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Paride Della Rosa, CEO of insurer AIG Brasil Companhia de Seguros S.A., has forecast that the Brazilian insurance sector will register double-digit growth in 2016 in spite of the bleak outlook for the country's economy, BNamericas reported.
"We believe in Brazil and Latin America," said Mr. Della Rosa, adding that "investors know the potential of Brazil, especially with regard to the insurance market."
The insurer's sales increased 38% year on year to 459 million Brazilian reals ($132.6 million) in 2014.