...Rating Outlook Stable: Fitch Ratings expects performance, capitalization and liquidity to remain supportive of the existing ratings in 2016. This indicates there is limited probability of rating changes over the next 12 to 18 months. Significant changes in the risk profile or in parent support could give rise to modifications in credit ratings. Sector Outlook Stable: The sector outlook is based on projections of steady or higher economic growth in almost all countries, gradual strengthening in underwriting conditions in major insurance lines and ample reinsurance protection favored by soft pricing conditions. However, major loss events due to high exposure to natural disasters, high inflation rates and devaluation of currency in some countries still pose challenges for the region. Adequate Credit Risk Profile: In Fitch's opinion, the Central American insurance industry maintains an adequate financial profile as of September 2015. This is based on the region's relatively low combined ratio,...
