Mexico Insurance Q2 2018

Mexico Insurance Q2 2018

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Mexico's insurance industry is well positioned for strong growth over the short and medium term. Wider economicgrowth in the country is expected to boost formal employment, which will increase household income rates, leading to greaterindividual capacity for spending on insurance covers, as well as greater demand for group covers. The market comprises a mix oflarge domestic carriers as well as major multinationals, ensuring a diverse product range is made available to consumers viaextensive distribution channels. Relatively low density rates mean that there is room for rapid organic growth. Downside risks stemfrom ongoing uncertainty regarding Mexico's trade relationship with the US, which could derail economic growth.