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Article: Brazil, Mexico lead demand for risk financing services.(Spotlight: Emerging Markets: Latin America)
- Article from:
- Business Insurance
- Article date:
- January 28, 2008
- Author:
CopyrightCOPYRIGHT 2008 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: ROBERTO CENICEROS
Globalization, steady economic expansion and financial modernization are propelling Latin America's insurance markets to provide products and services once common only in more financially developed nations.
Brazil and Mexico, Latin America's two economic powerhouses, are particularly well-situated to continue prospering from globalization, which is driving growing demand for insurance services, observers say.
The two nations' massive populations of potential consumers dwarf the populations of surrounding countries. Foreign multinational companies, therefore, continue to expand their presence in Brazil, which has about ...