The AIG model evaluates a client’s cyber security maturity against 10 common attack patterns across 11 commonly used technology devices. The model incorporates critical security data, such as current threat intelligence from multiple sources, effectiveness of an organization’s cyber controls, potential impact of a cyber breach on an organization, and insights gained from the thousands of cyber claims handled by …

2017 was another challenging year for the Latin American Insurance market as the industry continues to be rocked by many natural disasters and uncertain political landscapes in some countries. FIDES El Salvador 2017, Reactions Miami 6th Annual Latin American Insurance and Reinsurance Forum and the 3th Miami Latin American Claims Forum were important networking and meeting points for the insurance industry. 2017 was …

Sedgwick Claims Management Services, Inc., a leading global provider of technology -enabled risk and benefits solutions, has signed an agreement to acquire Cunningham Lindsey, a global loss adjusting, claims management and risk solutions firm. An industry pioneer with 100 years of experience Cunningham Lindsey assists businesses insurance companies, brokers and policy holders around the world by offering expert support when …

Consumer Psychology and Neuromarketing offer essential knowledge for the successful sale of insurance and the detailed analysis of consumer behaviour. The application of the neurosciences to marketing allows for the analysis of desires, needs, experiences, feelings, memories, attention, perception, recall and motivations of people in greater detail. For the Latin American insurance market and the Miami insurance industry marketing usually …

An analysis of the determining factors of insurance penetration levels. The insurance penetration index, beyond the quantitative relationship that associates insurance premiums with the gross domestic product of a country, is an indicator of the way in which a company uses insurance as a mechanism to give stability to economic and social activity through the protection and compensation of risks …

When a crisis unfolded at the Guatapé hydroelectric plant, the experienced and speedy response of the insurance industry was critical, as Juan G. Uribe, managing director at RTS International Loss Adjusters, explains.   What does Guatapé represent for the insurance industry? Guatapé hydroelectric plant, owned by the utility Empresas Públicas de Medellín (epm), is one of the most important power …

A children’s hospital in hurricane-battered Puerto Rico has had its power restored thanks to electric-carmaker Tesla. The Hospital del Niño in San Juan, which has at least 35 critically ill patients, has been in dire need of electricity ever since the US territory’s  energy infrastructure was deciminated by Hurricane María last month. “Hospital del Niño is first of many solar+storage projects going live. …

RGL Forensics has a Catastrophe Response Team on the ground in Puerto Rico following the devastation inflicted by Hurricane Maria. Carlos Rivera, partner in RGL’s Miami Office and co-chair of the firm’s LatAm practice, recounts his experience. As storm waters recede and debris is cleared, residents and communities begin the task of putting their lives and businesses back together. But …

Foto: Uber Uber contrató a Seguros Sura y Axa Seguros México para proteger todos los viajes realizados a través de su aplicación. Desde el 2 de octubre de 2017, los viajes en la Ciudad de México y el Estado de México están cubiertos por Seguros Sura y aquellos en el resto de las 35 ciudades del país donde Uber tiene …

At McLarens we are always proud to announce growth in our organisation. We are reinforcing our presence in the Latin America region with the opening of a service location in São Paulo under the supervision of Clodoaldo Azevedo, Country Manager – Brazil. In further commitment to our clients in Latin America, we have appointed Nydia Diaz as Business Development Executive – Latin America. She is based out …

Tropical Storm Nate  is strengthening as it hurtles towards Mexico and the US. It currently has maximum sustained winds of 45mph and is moving at 12mph in a northwesterly direction. The NOAA said in its 2am update: “On the forecast track, the center of Nate will move over the Gulf of Honduras and across the northwestern Caribbean Sea today, and …

The White House has approved a request to waive the Jones Act for Puerto Rico, White House press secretary Sarah Sanders said Thursday. “At @ricardorossello request, @POTUS has authorized the Jones Act be waived for Puerto Rico. It will go into effect immediately,” Sanders tweeted Thursday. Puerto Rico Gov. Ricardo Rossello said he asked the White House on Wednesday to …

There were two explosions at a significantly large hydroelectical power plant in South America. A fire ensued and upon first review by insurers and loss adjusters this could have been a total loss in the range of hundreds of millions. As a result of intense mitigation activity on the part of the facility, supported by (re)insurers, which included negotiations at …

‘Potentially catastrophic’ Hurricane Irma nears eastern Caribbean islands FLORIDA is under a state of emergency with the latest track models showing that Hurricane Irma will head towards the US state after battering the Caribbean. NOAA National Hurricane Center (NHC) Category 5 Hurricane Irma made landfall over the Caribbean island Barbuda in the early hours of the morning as it began to …

So called “cyber” insurance policies are some of the most complex policies that an agent or broker will be asked to evaluate. Such policies often have multiple insuring agreements, cascading policy definitions and may even have a mix of claims-made, occurrence and ‘incident-discovered’ triggers applicable to different coverage parts. Compounding matters, there are no standard policy forms in the market. For that matter, …