Latin American round-up

Motor, hospitalisation, medical expenses and fire policies are causing losses to insurers in Panama , said the country’s Insurance Superintendent, Ana Lorena Broce. Rates are so low, she added, that selling policies “is no longer a good business. Very few companies are showing underwriting profits”. She held that insurers’ financial statements are still in the black thanks to financial investment profits. This distortion is being felt in other policies, and the Insurance Superintendency will analyse this year how to protect tariff fairness without affecting supply and demand freedom.