Mexico Insurance Q4 2019
Overall, the short-term outlook for Mexico's insurance market is positive. Key growth drivers include rising householdspending levels, widespread infrastructure development and the large population size which indicates a huge potential consumerbase. Both the life and non-life sectors in Mexico are home to a number of large domestic and multinational carriers who will be ableto achieve growth by diversifying product lines and developing some affordable insurance lines to cater to lower incomehouseholds. Slowing GDP growth in the country, however, have the potential to limit short-term gains in the market.
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