28 Jun 2019, Natalia Yanakieva, Head of Industry Research, EMIS
Moody’s warns Mexico insurers of economic slowdown effects
The decelerating economy may make competition in the insurance market heavier, prompting insurers to soften underwriting practices to spur growth, with negative implications for their profitability, Moody's said. Other factors include the effect of the negative outlook on Mexico's sovereign rating on the insurers’ asset quality, as they invest around 50% of their assets in sovereign securities, as well as the impact of the government's cancellation of private insurance benefits for federal employees in early 2019.
Sign in and read the full article in emis.com, and find out more about EMIS. Original source: BNA - English News