Insurance: The week in 10 stories

A new player is entering Brazil's fast-growing microinsurance market after obtaining regulatory approval.

The Brazilian subsidiary of Japanese insurance giant Tokio Marine has expanded the sale of its Auto Popular vehicles policy to all of Brazil.

MEXICO

The monthly fees collected by Mexico's pension fund managers will be up for their annual review in December with pension system regulator Consar under the new leadership of Abraham Everardo Vela Dib

ARGENTINA

Argentina's insurance watchdog SSN issued a resolution that introduced new rules governing capital requirements.

COLOMBIA

Colombia will start issuing mandatory traffic accident, or SOAT, policy documents in digital format only from January.

CHILE

While Chile's tax reform bill has supporters and opponents both inside and outside congress who disagree over the potential impact and benefits of the proposed changes, one issue appears widely accepted: the need to simplify the country's tax system. That was a key take away from a tax conference hosted by industry federation Sofofa.

PERU

Banking, insurance and pensions watchdog SBS has published proposed rule changes in the areas of company licensing and suitability.

PUERTO RICO

Puerto Rico governor Ricardo Rosselló enacted six reforms to change the way insurers operate on the island, empowering the insured and opening the market.

REGIONAL

Canadian lender Scotiabank detailed a major business refocusing effort, announcing plans to divest banking operations in nine Caribbean countries and expand insurance operations in Jamaica and Trinidad & Tobago.