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AM Best: Pandemic, Economic Issues Dampen Chile Insurance Market (AM BestTV)

OLDWICK, N.J.--(BUSINESS WIRE)--In this episode of AMBestTV, Eli Sanchez, associate director, AM Best, said the rating agency's negative market segment outlook on Chile's insurance sector is based on declines in insurance activity, tied to the pandemic and longer-running economic issues. Click on http://www.ambest.com/v.asp?v=chileoutlook_english720 to view the entire program. Sanchez addressed to what extent COVID-19 is affecting insurers in Chile. “As of March 2020, there has been a 10% contraction…