Insurers look carefully at possible entry into pension business

In an interview with Fund Pro Latin America, Jorge Claude highlighted the qualities of the annuity product for execution of pension payments.

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Chilean insurers push for 40% foreign investment limit

Commenting on a bill under review in Congress, Jorge Claude, executive VP of the Association of Insurers, said wider latitude to invest offshore is required in light of the small local capital market.

Chilean insurers hold less than 3% of their portfolio in cross-border funds

Jorge Claude, general manager of the Chilean Insurance Association, said the bulk of life insurer investment, both inside and outside the country, focuses on fixed income since these instruments can be used to match the companies’ long-term payment commitments.

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