While advanced economies generate the vast majority of insurance and reinsurance business, emerging markets are posting higher rates of growth. Complementing this underlying trend is a strong and expanding interest in catastrophic risk, which by nature tends to pertain to emerging markets. This is coming alongside fast-paced, sector-...
Infrastructure development has been highlighted by the government as a fundamental pillar in ensuring Argentina’s long-term economic success, however, the industry remains relatively underdeveloped.
Under Argentine law, employers are required to provide occupational risk insurance to all employees. While Argentina is considered one of the pioneers in this regard since first introducing the requirement in 1915, the framework has over the years gone through a number of reforms, with mitigated results.
What factors are contributing to the confidence and trust that is being rebuilt in the banking sector?
Maintaining robust levels of profitability through the use of financial instruments rather than the development of core competencies, Argentina’s insurance industry has remained relatively stable since 2008. Though technical profits remain low, they were compensated by assets held in government bonds or short-term central bank notes known as Lebacs. The introduction of more...
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