Insurance

For several years the insurance sector has undergone major regulatory changes, as the industry positions itself in alignment with international best practices. The sector has been expanding considerably in recent years, often with double-digit growth. Furthermore, penetration rates are still relatively low, meaning there is plenty of room for new products, services and customers. However, recent economic slowdowns have made the business environment more competitive, causing companies to put a greater focus on lowering costs. At the same time, the maturation of a number of large construction projects has prompted a redeployment of resources by many companies towards operational and liability coverage, which is likely to continue throughout 2018. An expected expansion in health care lines should help offset this, alongside the construction and property segments, which continue to grow in the run-up to the 2022 FIFA World Cup.