...Stable Rating Outlook: The rating outlook for the life insurance industry in Chile is aligned with the outlook assigned to most insurers rated by Fitch Ratings in the country, and reflects the high probability of affirming such ratings during 2016. As of Dec. 31, 2015, Fitch rated 17 life insurance companies from a total of 33 entities operating in the local market. Stable Sector Outlook: In Fitch's opinion, the sector's outlook is stable, reflecting an industry that has been resilient to economic weakness. This reflects, in Fitch's opinion, the maturity and solid underwriting of the life insurance industry, as well as a favorable social development and social mobility environment in recent years. Slower Growth Expectations: Fitch expects a nominal increase in life insurance gross written premiums (GWP) of about 10% for 2016, exhibiting a slowdown from the strong 19% expected growth in 2015. The expectation of annuities' weakening GWP would reduce aggregate GWP growth for life insurance,...
