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 …

As warfare has evolved, has the insurance industry provided an adequate response? Insuralex´s Exclusive member in London assess how the insurance industry is evolving to meet those new risks.   At any point in time there will be war and hostilities taking place somewhere in the world.  War- related risks are typically excluded from insurance policies and, where appropriate, written …

During the last years Insuralex´s Latin America team has published many free reports related to key (Re) insurance topics such as: Parametric Insurance Reinsurance Criminal prosecution Liability Insurance Regulatory Insurer´s subrogation Insurance digital commercialization (Re) Insurance Arbitration Tax rates (Re) Insurance Premiums You can download these insurance related reports here.   About Insuralex Latin America: Insuralex Latin American insurance law …

iNLIP, proud strategic partner. 10th Latin American Conference of Marine Insurance   In 2022 we will meet again in person!  From October 17 to 19, 2022 at the Hilton Santa Fe Hotel, in Mexico City, it will be the 10th version of ALSUM annual conference. We invite you to separate your agendas to participate in the most relevant marine insurance …