Economic stresses reprice risk: global economic and insurance market outlook 2023/24 Positive catalysts for the insurance industry from expected market rate hardening and higher interest rates. A new, higher interest rate era is emerging from the economic stresses of the inflation shock and war in Ukraine. Though economic growth has been relatively resilient this year, we expect global GDP to …

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, …

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 …

Insuralex presents its latest report about life insurance law in Latin America. iNLIP insurance reports, news, articles, seminars, forums, webinars, etc.

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 …

Insurance companies, like many others, are exposed to multiple risks and, therefore, they are concerned about having mechanisms to ensure their operations, avoiding that, in the event of a large loss, the exposure of their patrimony becomes greater. That is why reinsurance is such an important contract in insurance markets worldwide. It helps to (i) increase the financial backing capacity …

The World Economic Forum Global Risks Report 2022 presents the results of the latest Global Risks Perception Survey, followed by analysis of key risks emanating from current economic, societal, environmental and technological tensions. According to the World Economic Forum Global Risks Report 2022: Top risks are climate crisis, growing social divides, heightened cyber risks and an uneven global recovery, as …

Allianz: Construction companies to see robust growth and “new age” risks post-Covid • Current shortage of materials and skilled labor add to long-term challenges around new design, materials and building methods driven by sustainability and net zero strategies. • AGCS analysis of €11bn worth of construction and engineering claims over five years identifies top causes of loss by value: fire …

FIDES (Federación Interamericana de Empresas de Seguros) has 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 …

The right of subrogation of insurers is a common institution in most Latin American countries. However, although in all cases law establishes the right, the conditions regulating its exercise differ in each country. For instance, in some jurisdictions the right of subrogation applies to any insurance type, while in others certain types of insurance are excluded. Moreover, while in some …

Mapfre´s Latin American Insurance Market report offers a very interesting overview of the Insurance Industry in Latin America. Published by Fundación Mapfre, you can download the report (in Spanish) here: The Latin American Insurance Market 2020 Index (Spanish):     See also: Ranking of insurance groups in Latin America 2020 (Spanish) Ranking of insurance groups in Latin America 2019   …

Liability insurance is one of the main lines of business in Latin America. It comprises several risk-transferred based products to offer depending on the insureds’ special needs and the liability regimes applicable under each jurisdiction. For this publication, the Latin -American members of Insuralex made a legal overview of the key aspects of the regulation and case law applicable to …

A legal overview Digital commercialization for insurers in Latin America ceased to be a long-term development project to became a top priority to them. It gained special relevance during the year 2020 due to the Covid-19 pandemic, whose effects prevented the insurance market from commercializing its products through the customary mechanisms. As jurisdictions in Latin America have several regulatory approaches …

As in previous editions, this Fundación Mapfre´s ranking classifies the main insurance groups operating in Latin America by premium volume, considering the total market as well as Life and Non-Life segments. This report provides a dynamic vision of said insurance groups’ growth, differentiating between structural trends (2009-2019) and conjectural situations related to annual performance (2018-2019). In addition, the last part …

This time we at iNLIP are putting together (one single post) 3 interesting Latin American Insurance Industry related reports by Insuralex (Global Insurance Lawyers Group) Please bear in mind that you can always search past published articles using the “search box” and also looking at the “categories” box. 1. 2020 Parametric Insurance in Latin America: An overview The use of parametric …