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
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


