trending Market Intelligence /marketintelligence/en/news-insights/trending/8lilwd2ds8c19gms5h0irq2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Moody's revises outlook on Brazil's insurance sector to stable

Blog

Tracking Credit Risk of a Major U.S. Retailer

Corporate America Not Likely To Unwind COVID-19 Debt Buildup Despite Credit Hits

Blog

Q&A: Navigating Climate Risk as a Financial Risk

Infrastructure Issues: Tools to Dig Deep on Potential Risks


Moody's revises outlook on Brazil's insurance sector to stable

Moody's on Aug. 8 revised its outlook for Brazilian insurers to stable from negative.

The outlook revision is due to an expected rise in premiums and stable profitability given better underwriting discipline, despite weak economic growth, Moody's said.

The weak economic environment has constrained the growth outlook for insurers, but the sector has expanded faster than the economy, Moody's Vice President-Analyst Diego Kashiwakura said in a statement. Low insurance market penetration means that the industry can expand further once macroeconomic conditions improve, he added.

The insurance sector can also benefit from the implementation of a pension reform and the recent introduction of the universal life product, Moody's said.