Market Research Reports - Ken Research Economic Liberalization in Latin America-How is it | Page 2

emerging from severe recession. Few regulatory reforms are setting a new insurance
compliance agenda and bolstering capital adequacy requirements which will increase the
insurance industry's long-term financial stability. Agricultural insurance in Latin America is
undeveloped because the majority of the farmers are categorized as unprotected and
underserved by traditional insurance markets. Latin America has witnessed a major
transformation in the past two years. With the increase in global liquidity tightening more
gradual and a reversal in US dollar strength has supported the economic recovery in many
regions.
Although the economy is improving in Latin America, there is still a disappointing rate of growth
in business environments. Major reforms are needed to simplify costly and complex tax systems
in the region, while broadening the tax base which remains over-reliant on indirect taxes.
Liberalisation is required to improve competition in the goods and services markets, and
increasing the flexibility of labour markets. Underdeveloped infrastructure is a major factor to
achieve sustained economic growth. There is increase in private investment in financing
infrastructure with the upgrading of the regulatory frameworks for public-private partnerships
(PPPs) and by removing restrictions on private investment in few areas.
Future Effects of Economic Liberalization: The underlying goal of economic liberalization is to
have witness an unrestricted capital flowing into and out of the country to boost growth and
efficiencies within the home country. After a tough period of economic slowdown in Latin
American region, it was expected that the upcoming year will witness a recovery. Brazil and
Argentina are recovering from recession and the regional economy as a whole is starting anew.
A steady growth is expected to stabilise the economy of the Latin America region for the next
few years.
Key Topics Covered in the Report:
Latin America Insurance Industry Market Research
Latin America Market Size
Latin America Economic Performance
Brazil Insurance Industry Market Research
Reinsurance Market Research Report Latin America
Latin America Insurance Industry Competition
Insurance Markets in Argentina
Mexico Insurance Industry Market Research