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Insurance companies based in Latin America have improved their performance in recent years, according to a new study by Standard & Poor’s, but it remains to be determined if they can maintain their current levels of profitability.

The new report, titled “The Evolution Of Profitability In The Latin American Insurance Industry,” was compiled by S&P analysts Tamara Berenholc in Sao Paulo, Brazil; Claudia Sanchez and Jaime Carreno in Mexico City; and Carina Lopez in Buenos Aires, Argentina.

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