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Stable outlook for region's insurance: Fitch

Thursday, January 23, 2014

The rating outlook for Central America and Dominican Republic insurance companies is stable for 2014, which is highly likely to affirm the ratings, according to Fitch.

The company also maintains the region's insurance industries with a stable outlook, supported basically by the good economic prospective and regarding an economic and financial growth in most of  the countries.

However, industry in the region will face pressure from various challenges during 2014 including fierce price competition, high exposure to natural disasters, volatile inflation and currency devaluation environment in some countries.

Source: Reuters