Unions paralyzed the country even as the administration makes progress taming inflation and repatriating funds.
Chile's finance minister confirmed that a pension reform proposal being studied by the government would include a state-run entity to manage additional mandatory contributions.
In terms of market dynamics, the report reveals that reinsurance capital stood at a peak level of USD595 billion on December 31, 2016; which was an increase of 5 percent relative to the prior year, said Aon Benfield in a press release.
US-based insurer MetLife continued to lead Chile's life insurance segment by premiums, but local insurer Consorció Nacional headed the net income ranking.
Plagued at the start of 2017 by Trump and a surge in fuel prices, consumers continue to find their footing again.
The program, developed with help from the World Bank, offers basic coverage in the event of death or severe disability.