Resumen

REYES DURAN, José Francisco. Sector asegurador y economía mexicana. Prob. Des [online]. 2008, vol.39, n.154, pp.157-181. ISSN 0301-7036.

This paper aims to demonstrate that the insurance industry -especially the oligopolistic companies and those involved in it which belong to financial groups -benefited from the economic crisis situation of the last 25years. This was possible due to the confluence of several factors: 1) deregulation policies -the opening and privatization process that favored the participation in and control of, basically foreign, big capital -in the insurance market; 2) fiscal policies -including the contraction of public spending and the sale of state-owned corporations, as well as monetary policies to raise interest rates, accompanied by the overvaluation of the Mexican peso -precipitated two phenomena in the insurance industry: the orientation of insurance companies towards capital markets for the negotiation of securities in view of the domestic market's contraction, and the greater competition and devaluation of companies to be acquired by foreign and national oligopolistic capital, and 3) the 1994-1995 crisis, which meant an accelerated process of transfer of the control and property of the operating insurance corporations: from the concentration and domination of national capital to the control of foreign capital.

Palabras llave : insurance industry; economy; crisis; opening; economic and financial reforms.