Among the major inflation-targeting countries, the inflation rate has recently been in the range of 1 to 3 percent in Chile, 5 to 8 percent in Colombia, 4 to 6 percent in Mexico, 1 to 4 percent in Peru, and (as already noted) 6 to 8 percent in Brazil.
The legislation that underpins insurance activity in Trinidad and Tobago is grossly outdated. The basic Act dates back to 1966 and was modified in 1980. As all of you know better than I, the insurance industry of today bears little resemblance to that of 1966 or even 1980.