Alllianz Global Corporate & Specialty cyber report: Growing cost of ransomware attacks impacting businesses of all sizes Sophistication and frequency of business email compromise attacks also increasing Emerging risk trends include: heightened risk of state-sponsored attacks, the evolving third party liability landscape, a shortage of cyber security professionals, and cyber governance under increasing ESG scrutiny Better cyber risk insights help …

Take part of the most important Parametric Insurance Event in Latin America 600 Insurance Professionals are already registered. Unmatched and experienced speakers. Simultaneous translation English-Spanish Zoom registration is needed: https://us02web.zoom.us/webinar/register/2616636013574/WN_WVZ8-jaxTCaVL2yUYvF7Lw (This webinar is aimed at and designed exclusively for insurance and reinsurance professionals, as well as (re)insurance intermediaries. Law firms are only allowed to participate if they belong to Insuralex)   …

What are the major risks businesses face in 2023? Dear iNLIP member / follower, We would like to invite you to participate in the annual Allianz Risk Barometer survey. This study provides an overview of the most important risks that companies face in various industries and regions, both today and in the future. We greatly appreciate your input to this research, …

Infrastructure projects are the biggest opportunity for insurers in Latin America, says Lloyd’s regional head Persistent geopolitical and economic challenges can put some businesses off investing in Latin America, but Daniel Revilla, Lloyd’s regional head of Latin America and the Caribbean (LAC), also sees plentiful opportunities for underwriters and brokers with specialist expertise and an appetite for risk. In this …

iNLIP, proud strategic partner. 10th Latin American Congress of Marine Insurance 17th, 18th and 19th October 2022 Mexico City Academic agenda: As is customary, the event will feature the participation of world-class speakers, who will share their vision on the technical and environmental factors, which will determine the course of the marine insurance business during the next years. Main themes: …

The use of parametric insurance as an alternative to traditional indemnity-based insurance has increased over the last twenty years, particularly as a mechanism for insuring against extreme weather risks. Following said increasement, parametric insurance in Latin America has not received a standardized legal treatment. Every country has developed its applicable normative, at its sole discretion, depending on the requirements of …

On Tuesday, August 23rd 2022, the Digital Seminar on Sustainable Finance and Resilience to Climate Change, organized by the Confederation of Savings and Loan Cooperatives of Mexico (CONCAMEX), the Microinsurance Catastrophe Risk Organization (MiCRO) and Aarón Silva y Asociados, S.C., was held for the Mexican savings and credit cooperative sector, with the participation of national and international experts from organizations, entities …

iNLIP, proud strategic partner. 10th Latin American Conference of Marine Insurance   10th Latin American Congress of Marine Insurance 17th, 18th and 19th October 2022 Mexico City We invite you to take part of the most important marine insurance and transport conference of Latin America. With world-class speakers, the players of the Latin American industry of marine insurance will have …

The use of parametric insurance as an alternative to traditional indemnity-based insurance has increased over the last twenty years, particularly as a mechanism for insuring against extreme weather risks. Following said increasement, parametric insurances in Latin America have not received a standardized legal treatment. Every country has developed its applicable normative, at its sole discretion, depending on the requirements of …

During the Insuralex Annual Insurance Conference Meeting, BLP, an Exclusive Insuralex´s firm member of Costa Rica and Guatemala, was awarded referrer firm of the year (2022). Insuralex members highlighted BLP’s involvement and leadership in the Central American region. Former Insuralex President and BLP Partner Neftalí Garro accepted the award for the firm. “On behalf of BLP, I would like to thank Insuralex …

Global Claims Review 2022: Allianz Global Corporate & Specialty analyzed more than 530,000 insurance claims from 2017 to 2021 with a value of €88.7bn (US$90.4bn). Claims severity has increased while inflation will further challenge costs. Updating valuations of assets is key for companies and insurers. Contingent business interruption claims reach a new level driven by broken supply chains. Cyber claims …

Insuralex is pleased to announce that Lucas Fajardo, Director of Brigard Urrutia (Colombia), was recently designated as president of Insuralex, during its annual meeting held in Chicago on July 1st  2022. Lucas Fajardo has wide experience advising major players in the local and international insurance and reinsurance sector in handling national and cross-border insurance claims and complex transactions carried out …

iNLIP and U.S. Reinsurance Under 40s Group join forces to empower Latin American networking events. Seminars, Forums, Miami,

The case of Quadra Commodities SA v XL Insurance Company SE & Ors considers the law of insurable interest and, importantly, whether insurers are liable to pay damages for late payment of an indemnity. Insuralex´s Exclusive Member in UK (London, Carter Perry Bailey ) provides its views on the first reported Judgment of the factors to be taken into account …

Insuralex and FIDES (Federación Interamericana de Empresas de Seguros) have launched a report on insurance regulatory matters in the countries where FIDES has member insurer associations. FIDES represents 18 Latin American countries as well as Spain and The United States. Topics include: Licensing requirements for setting up insurers Regulatory and financial information Solvency requirements Supervision Distribution channels Reinsurance Investments Microinsurance regulations Cyber risk regulations Technology regulations …