Fitch: Chilean Life Insurance Dashboard

September 15, 2015 7:00 PM

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(The following statement was released by the rating agency) Link to Fitch Ratings' Report: Chilean Life Insurance Dashboard (First-Half 2015) here SANTIAGO, September 15 (Fitch) Fitch Ratings reports in its latest Chilean Life Insurance Dashboard for the first half of 2015 (1H15) that the Life industry was mainly propelled by the annuities and saving segment, decoupled with the weak Chilean economic forecast.

Industry net income remains stable compared to 1H14, although gross written premiums growth was 18.2%. Industry performance was mainly driven by an increase in claims-losses and limited investment returns. Premium growth was driven by regulatory changes for initial losses in the annuities segment, w...

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