Insurance: The week in 10 stories

Regional

The IDB and partner organizations have drafted proposals as part of a scheme to help reduce the rate of traffic accidents in the region.

Brazil

The slow recovery of the Brazilian economy prompted Bradesco Seguros to change its 2018 growth forecast for written premiums.

A study said Brazil's population will grow increasingly grew over the coming years and this will be a challenge for health insurers on the cost side.

Zurich Brasil hired local start up accelerator Torq to help it make a greater impact in the area of innovation.

Spanish lender Santander said its Brazilian auto insurance JV with German insurer HDI has obtained all necessary regulatory approvals.

Chile

A report from the country's pension industry trade group said the commissions that the private pension fund managers (AFPs) charge members are the equivalent of 0.76% of their total AUM, which is lower than in several developed nations.

Peru

The four AFPs in Peru reported higher profits in H1 due to higher income from commissions, higher investment income and lower costs.

Financial services watchdog SBS reduced the number of pension products on the market to help ease the decision-making process.

The IMF urged the Peruvian government to undo a controversial pension freedom legislation that was passed in 2016 and also recommended further changes to be introduced.

Puerto Rico

Governor Ricardo Rosselló Nevares signed a law to strengthen medical anti-fraud efforts as part of a wider push to reform the insurance industry on the island.