Paraguay shelves bill to regulate pension funds
Due to a lack of votes, the lower house accepted a senate rejection of a bill that would have created a regulatory agency for the country's pension funds.
Due to a lack of votes, the lower house accepted a senate rejection of a bill that would have created a regulatory agency for the country's pension funds.
Consar has released a detailed plan to gradually ramp up mandatory contribution rates in the country's Afore pension system.
AFP PlanVital tells local paper Diario Financiero that August's outflow of members was no surprise and says its biggest challenge today is helping members to boost the size of their pensions.
The bill requires that brokers obtain a license from the insurance regulator before offering their services.
BNamericas speaks with Carmelo Galante of global reinsurer Gen Re about leveraging technology in life underwriting and the state of play in this area in Latin America, ahead of the 2018 LIMRA-LOMA Latin America conference.
The CCRIF SPC said a payout of US$5.81mn to Barbados would be its first of the 2018-2019 period. A.M. Best updated its ratings for two Mexican firms.
BNamericas provides a roundup of the most important Insurance stories in Latin America.
The life segment was the growth driver in the January-July period.
The head of the country's pension system authority testified before a congressional committee that a proposed pension reform bill was not viable and needed to address complex issues before existing schemes can be unified.
The slight decline in January-August was due to a major drop in contributions to private pension plans.