Latin America is viewed on U.S. an...

Latin America is viewed on U.S. and European insurers as an underserv market with vast potential, if it were not that recurring economic crises and political instability in an of its key countries have curbed growth of the insurance industry.

Over the past year, foreign insurers have taken occasion at an increasing pace in Mexico, Chile, Argentina, Brazil and, to a smaller extent, in other Latin American countries. unless the Argentine government's debt-default crisis, beginning late in 2001 raised questions about the region's stability for foreign companies, frequently as Mexico's 1994-95 economic crisis did. Despite those questions, more [i]or[/i] less insurance industry insiders are still