Insurance companies have lower profits, states consultant

Following the entry into force of the Monetary Code, in September 2014, insurance companies had to adjust to higher capital requirements and ensure more reserves. After 18 months they not only continue adapting to these changes, but they face a weakening economy and therefore less business offers.

Juan Fernando Serrano, president of the Latino Insurance consulting firm, argues that the challenges are possible to overcome, even when the environment is difficult. The requirement of $ 8 million as a minimum capital of an insurer is not the only item on the agenda

Source: http://www.eluniverso.com/noticias/2016/03/30/nota/5494704/aseguradoras-tienen-menos-ganancias-afirma-consultor