trending Market Intelligence /marketintelligence/en/news-insights/trending/fzaqd-rvpvib4hwcm1tsa2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Chilean insurers see central bank raising foreign investment limit in H1'17

Shareholder Advocates Say New SEC Policy To Prompt Litigation, Less Transparency

Groups Urge Business Roundtable CEOs To Act On New Corporate Purpose Declaration

State of South Korean OTT Video: Subscription

Global Streaming Media Device Sales Forecast To Flatten In 5 Year Outlook


Chilean insurers see central bank raising foreign investment limit in H1'17

Chilean insurers are optimistic that the central bank, Banco Central de Chile, will increase the limit on investment by insurance companies abroad in the first half of 2017, Diario Financiero reported.

Currently, insurers are only allowed to invest up to 20% of their technical reserves abroad, but a new proposal included in the government's bill to promote productivity, which was promulgated in October, calls for this limit to be increased.

Although the central bank has not yet determined the new limit on foreign investment, insurers have reportedly asked for it to be doubled to 40%.

As of September, Chilean insurers had investments abroad totaling over $7.3 billion, although as an industry only 14.1% of their total portfolio is invested in other countries, according to data from securities and insurance regulator SVS.

However, at least four local insurance companies are approaching the 20% limit, with Consorcio and Compañía de Seguros Confuturo SA nearly there, while BTG Pactual Seguros de Vida and MetLife Chile Seguros de Vida SA are at 17%, the report said.