According to a report presented by the Guatemalan Association of Insurance Institutions, the growth of 7.7% was below the 9% that had been foreseen for 2017. It should be noted that medical insurance exceeded expectations, growing above 10%. 

Regarding the growth in medical insurance Nolasco Sicilia, president of Seguros Universales, told Elperiodico.com.gt that "... the greatest growth in health has been seen in basic coverage, such as primary care for clinics and laboratories and imaging."

Sicilia referred to the low dynamism of the Guatemalan economy, noting that "... 'we have to recognize that Guatemala's economy has stagnated a little, there is less foreign investment, Guatemalans themselves have reduced their investments.'"

Source: elperiodico.com.gt

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