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  • Covid Disrupts Business as Usual - WA#48
    Covid Disrupts Business as Usual - WA#48

    Insurance financial statements and prepaid medicine services

  • As of October 2020, there was a -6.8% y-o-y decrease in total net premiums to $1,394 mn. In the same period of the previous year there was an expansion of 7.4%. (WA#48)

  • The IMF forecasts that imports will decline relative to the size of the economy from 20.0% of GDP in 2019 to 18.5% in 2025. This projection is consistent with an economy with a low growth rate. In nominal terms, total imports would go from $21.5 bn in 2019 to $21.0 bn in 2025. (WA#47)

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Grupo Spurrier is the leading company in the development of key solutions and services for business success; it specializes in monitoring the economy and politics of Ecuador, as well as on economic research, market research, consulting and corporate training, models and business plans development, investment plans, and market power law consulting.

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Weekly Analysis Briefs

  • 48.- COVID DISRUPTS BUSINESS AS USUAL

    The surge of Covid 19 disrupted the economy, and thus the insurance business. Damages in life have soared, although there was a small drop in demand for policies; presumably the economic crisis forced some policyholders to cut this expense. Damages in medical services, paradoxically, did not increase: but 2020 data for prepaid medical services are ...

  • 47.- CLOSER TO THE U.S.A.

    The government continues to promote the commercial opening that was put in the back burner during the Correa administration. A 1st phase agreement is expected to be reached with the U.S. in December. It is not a complete trade agreement, but rather the approval of basic trade protocols and rules for trade. This preliminary agreement is important be...

  • 46.- BANKS RESUME LENDING

    Data show how the $2 bn from the IMF made their way to private and public sector banks: within a couple days from having received them, Finances had used the full amount to slash arrears to a third. Immediately, deposits in private banks soared, banks increased credit, interest rates started to fall. The regulatory board eased regulations on delaye...