Tropical storm Amanda once again reminded us of our high exposure and vulnerability to disasters caused by natural disasters, now more frequent and severe as a consequence of climate change. The index-based insurances designed by MiCRO for El Salvador and Guatemala triggered payouts that will help affected clients recover faster. Extreme rainfall from May 27 to June 6 caused by …

The current situation of COVID-19 has created an unknown scenario for all companies, both large and small, as well as for professionals and employees. This unprecedented scenario has served to analyze the insurance coverage programs and business plans of all subjects involved in the economy. We are in a situation where legal rules and norms must coexist with health standards. …

MiCRO is recruiting a monitoring and evaluation specialist (M&E specialist) We won’t be modest about it – you are really going to enjoy working for MiCRO.  The rest of the team already does and wants to find like-minded colleagues to join us as we continue to expand. We are a small and dynamic social business whose work makes a difference …

MiCRO is recruiting a Senior IT Specialist! We won’t be modest about it – you are really going to enjoy working for MiCRO. The rest of the team already does and wants to find like-minded colleagues to join us as we continue to expand. We are a small and dynamic social business whose work makes a difference to the vulnerable …

“The main lines of business to benefit will be engineering and property premiums. There will also be increased demand for marine and liability insurance”. Beyond the global recession shock inflicted by the COVID-19 pandemic this year, emerging markets are forecast to grow by around 4.4% annually over the next decade, slower than the yearly average of 5.5% in 2010-19. Against …

How the Lloyd’s Market Works webinar recordings Over the last couple of weeks, Lloyd’s Regional Head for Latina America and the Caribbean Daniel Revilla and Lloyd’s Country Managers across the region delivered a seminar explaining “How the Lloyd’s Market Works”. Please see the links to the webpages where the webinars can be accessed: Brazil – https://www.lloyds.com/lloyds-around-the-world/americas/brazil/our-story Mexico – https://www.lloyds.com/lloyds-around-the-world/americas/mexico/our-story Colombia – …

The use of alternative dispute resolution mechanisms for insurance and reinsurance has become a growing practice in Latin America. In particular, arbitration has been widely accepted as offering flexibility, celerity and high qualified and specialized arbitrators, generating confidence, guaranteeing access to the administration of justice and relieving congestion in the ordinary jurisdiction Arbitration regulations in Latin America are not standardized …

iNLIP, proud Strategic Partner CQCS Innovation Latam is an international event, held in English, with simultaneous translation into Portuguese and Spanish looking to be a relevant connector of Latin American insurance professionals focused on insurance innovation, as well as to attract the main global players in the segment to interact with the organizers. CQCS Innovation Latam exists to assist all …

After successful pilots of an inclusive insurance product that helps families and microentrepreneurs to recover from the consequences of natural disasters in Guatemala and El Salvador, MiCRO started a regional expansion to maximize impact and reach scale Activities in the first expansion country, Colombia, are the result of a partnership with SBS Seguros Colombia S.A, and now with the valued …

CFO South America Job Purpose/ Role In this position you will head and run all the Finance staff in our São Paulo office. You will also be an active discussion partner for the Regional CEO and business leaders. You will manage core financial functions for the Region as well as Operations and Reinsurance. You will ensure compliance with regulatory needs …

Daniel Revilla Regional Head, Latin America and the Caribbean: First and foremost, I wish you and yours are well and safe during these unprecedent times. In the current circumstances, and taking advantage of the connectivity tools that we are all using daily, I wanted to offer you and members of your team a one hour webinar presentation aiming to explain …

What equipment still concerns insurers, loss adjusters, risk managers and operators? Turbines, generators and transformers, between others. This is because of their cost, complexity, and exposure to potential large interruption periods when a loss occurs. This is particularly especial when damage is not that evident. The photos below have caused interruption periods of many months (and years), yet the damage …

UK insurers could soon be facing legal action over their refusal to pay out on what many policyholders see as legitimate claims related to BI and the COVID-19 crisis. The Financial Conduct Authority (FCA) has announced that it intends to obtain a court declaration to resolve contractual uncertainty in business interruption (BI) insurance cover relating to the coronavirus pandemic. The …

The coronavirus pandemic continues to spread globally. Most major mining companies have taken extraordinary precautions to reduce the spread of the virus while ensuring the health of employees and safe operating conditions. International travel is now mostly suspended and many mining companies are forced to take measures to comply with new local regulations of the various jurisdictions in which they …

The Wimbledon Championships’ event cancellation policy that is set to pay out on Covid-19 was underwritten by Lloyd’s, AIG, Argo, Chubb, Hannover Re, Tokio Marine HCC, Munich Re and Swiss Re, with Marsh the broker according to what market sources have told Commercial Risk Europe. Also according to the same source, Commercial Risk Europe publishes that they understand that the …