World Insurance Report
Tough first quarter for Chilean insurers
During the first quarter of 2002, Chile’s life and general insurance markets increased their combined premium income by 9.4%
to the equivalent of US$654mn, but claims paid increased at an even faster rate (up by 13.9% to $395mn). Operational losses
increased by 11% to $194mn and overall earnings fell sharply by 41.9% to $14.3mn.