Fitch Ratings issued a neutral outlook for most Latin American insurance markets for 2026 – except Mexico, which received a deteriorating outlook, Reinsurance News reported. Political cycles in Chile, Peru, Colombia and Brazil, along with structural reforms in Panama and Colombia, could shift regulatory priorities and affect profitability. In Mexico, Fitch said the 2025 VAT reform will pressure capital and keep combined ratios above 100% through 2026.
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