Brazilian regulator cuts 2009 premium growth forecast
Brazilian regulator Susep has cut its 2009 premium forecast to 4.8%, according to the most recent quarterly report on the industry, BNAmericas has reported .
In November, the regulator put out projections of 16.2% growth in 2009. The new projections are based on 1.5% GDP growth in 2009, while the older study had estimated GDP growth at 3% for the year, the
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