Aggregated News From Investment Management Regulators

Insurance Market Financial Report for the First Quarter 2018

Report/Flag

Please complete the required fields.



  • For the period January-March 2018, insurance companies registered sales for MMUS$ 3,478, which represented a real increase of 5.2% compared to the same period in 2017, whereas profits reached MMUS$ 195, the equivalent of a real drop of 42.8% regarding the first quarter last year.

August 9th, 2018.- Today, the Financial Market Commission (CMF for its initials in Spanish) made public the Insurance Market Financial Report belonging to the first quarter of the 2018 financial year.

This market, as a whole, recorded sales for MMUS$ 3,478 between January and March 2018, which accounted for a real increase of 5.2% regarding the same time period last year, whereas its profits reached MMUS$ 195, a figure that represented a real drop of 42.8% regarding the first quarter of 2017.

Regarding the insurance companies’ investments portfolio, both life and general insurances were made up mainly of domestic fixed income instruments, at 58.8% and 76.6%, respectively.

At the end of the first quarter of 2018, life insurance market sales had a real increase of 5.3%, compared to the same period in 2017 when recording amounts for MMUS$ 2,493, whereas general insurance market increased 5% during the same period, adding MMUS% 985.

Regarding outcomes, the life insurance market reached profits for MMUS$ 186.8, which represented a real drop of 43.9% concerning the period January-March last year, due to a lesser investment outcome, associated to the worst stock market performance and the rise of income rates, for a higher sale of life annuities (19.1% increase in the period).

On the other hand, in the third quarter this year, general insurance companies recorded profits for MMUS$ 8.7, which meant a real increase of 1.3% concerning the ones observed in the same period in 2017, primarily due to the rise of the contribution margin, whose effect was mitigated by the increase of administration costs and a lesser investment outcome.

Link to the Insurance Market Financial Report

Click here

Source link

Regulator Information

Recent Articles

Proposed Rule Change to Amend FINRA Rule 2231 (Customer Account Statements)

Financial Industry Regulatory Authority, Inc.

Revision of Recommendation 25 – White Paper for Public Consultation

The Financial Action Task Force (FATF) is conducting a review of Recommendation 25 (R.25) on the transparency and beneficial ownership (BO) of legal arrangements....

ASIC warns super trustees to be transparent in their underperformance communications to members

ASIC today released the findings from its review of superannuation trustees’ communications with their members following the first annual performance test for MySuper products. The...

EBA replies to European  Commission’s call for advice on the Mortgage Credit Directive review

The European Banking Authority (EBA) published today an Opinion and Report in response to the European Commission’s Call for Advice (CfA) on the review of the Mortgage Credit Directive (MCD) .

Get the latest from Regulatory.News in your inbox!

×