...Strong Business Profile: RIMAC Seguros y Reaseguros (Rimac) is the market leader in Peruvian insurance with a 30.4% market share. This position is supported by the company's brand value and recognition within the country and also by its parent, which is one of the biggest economic groups in Peru. Rimac also incorporates its healthcare operating subsidiary, Rimac Entidad Prestadora de Salud (Rimac EPS), which is one of the largest healthcare providers in Peru and writes primarily health-related lines. Improved Operational Performance: Rimac's Outlook revision from Stable to Positive reflects an improved operating performance. Operational and profitability indicators improved in 2018 despite increasing acquisition costs. The reduction in the net loss ratio, lower administration costs and higher investment income boosted the ROAE from 3.6% in 2017 to 11.3%. Rimac¦s bottom line is highly reliant on investment results, but these have been quite stable. Fitch Ratings acknowledges that both acquisition...
