GIAJ focusses on trust and resilience amid rising disasters and cyber threats

Credit rating agency AM Best has revised its outlook on Mexico’s insurance segment to negative from stable, attributing the change to the elimination of a fiscal credit on value added tax paid to third parties, including hospitals, as well as on other claims-related expenses.According to AM Best, this regulatory change could reduce insurers’ expected net profits for 2025 by as much as 40%. The age