New Market, New Regulation

The Geneva Papers (2006) 31, 1–10. doi:10.1057/palgrave.gpp.2510058

New Markets – New Regulation: The Latin-American Experience

Manuel Aguilera-Verduzcoa

aComision Nacional de Seguros y Fianzas (CNSF), Insurgentes Sur No. 1971, Col. Guadalupe Inn, A Obregon, 01020 DF, Mexico. E-mail: JGLopez@cnsf.gob.mx

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Abstract

The Latin-American Experience deals with the current situation of insurance industry in Latin America. This paper makes an initial approach to the region's macroeconomic environment, with 2000–2004 figures, recognizing the importance of market's liberalization and maturity as part of Latin America's dynamics. The main focus lies in the description of the regulatory reforms implemented in the region, as a necessary condition for a sound insurance industry, as well as a regulatory overview that makes an interesting assessment of the current situation of this industry in Latin America.

Keywords:

Latin America, insurance, regulation, supervision, regulatory reforms, supervisory authority, 2004

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