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Due largely to lower life annuity sales, total premiums in the Chilean insurance market fell 12.3 for the first half of 2009 when compared to the first half of 2008
A spokesman for Spanish banking group Santander reportedly stated recently that the company is considering selling its insurance units in Argentina, Chile and Mexico, though he reportedly also referred to the situation as "vague and imprecise."
According to a recent Accenture study, cross-border expansion into emerging markets is a major short-term priority for insurance companies based in both developed and developing nations
