Insurance: The week in 10 stories

REGIONAL

Geopolitics is one of the most important emerging risks that has potential for high impact on the insurance and reinsurance industries, as well as society at large, according to Swiss Re, who said the risk has a high-impact potential in the next three years.

The regional manager of Swedish microinsurer BIMA told BNamericas about the strategy it has used to sell millions of insurance policies underserved markets in Latin America.

ARGENTINA

Moody's issued a report on the impact that the country's worse drought in decades will have on the economy, banks and insurers.

NICARAGUA

PERU

The central bank continued to raise the limit on the proportion of assets under management that the country's private pension fund managers, or AFPs, can invest overseas.

CHILE

President Sebastián Piñera said a corporate tax rate cut will not be included in a planned tax system overhaul due to the country's fiscal situation. In his state of the nation speech, he provided little detail on an upcoming pension reform other than saying the goal was for all Chileans to receive decent pensions after the reform.

Banking and insurance holding Grupo Security has created a digital business development division - and hired an executive from BBVA Chile to head it.

Local financial services group Inversiones La Construcción saw its first quarter profits rise 7.8% year-on-year.

BRAZIL

The government announced the end of a 10-day truckers strike, which disrupted many essential services across the nation.

The strike, to protest against a hike in diesel prices, caused fuel shortage, impacted public transport, food supply in major cities and also the operation of certain airports.

Brazilian health insurance provider Notredame Intermédica sold its occupational health arm RH Vida to RHMed, which is a large player in the occupational health business.