David Roig: Dear iNLIP´s and (re) insurance friends: As Global Executive Director at Insuralex and as iNLIP´s founder and managing partner ( iNLIP is proud official media partner at FIDES Rio 2023) I am happy to let you know that I will be attending FIDES RIO 2023. Insuralex will be presenting the  FIDES / Insuralex insurance regulatory report . (Below …

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 …

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 …

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 …

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 …

Impact on Latin America and Argentina By Martín G. Argañaraz Luque and Sebastian Bonina, Insuralex´s Exlusive Member in Argentina   SUMMARY: I. Introduction. – II. Uninsurable risk. – III. Coverage for small and medium-sized enterprises (SMEs) and business interruption. – IV. Legal actions in the international market regarding insurance for SMEs and the impossible correspondence with Latin American reality. – …

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 …

Juan Carlos Realphe G (CEO Zurich Colombia) Omar Ortiz Bosch, Esq. (VP Legal, Central America and the Caribbean & Deputy General Counsel, Latin America Chubb) and Pierina Pumarol (CEO Mapfre Paraguay) will explain their own experience in the region. On the other hand, David Roig will present the event and the following Insuralex´s members: – Lucas Fajardo Gutiérrez (Brigard & Urrutia). Insuralex’s Exclusive Member in …

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 …

This is the second of two unparalleled webinars offering a regional overview about the impact of the Covid-19 on the Latin American (Re) Insurance Industry. Countries covered: Colombia, Costa Rica, Ecuador, Mexico, Panama, Peru and Venezuela. This webinar is aimed at and designed exclusively for insurance and reinsurance professionals, as well as (re)insurance intermediaries. To allow for attendee participation, registrations …

This is the first of two unparalleled webinars offering a regional overview about the impact of the Covid-19 on the Latin American (Re) Insurance Industry. This webinar is aimed at and designed exclusively for insurance and reinsurance professionals as well as (Re) insurance intermediaries. Countries covered: Argentina, Bolivia, Brazil, Chile, Paraguay and Uruguay. Topics: Covid-19 and impact on the insurance …

The world’s main reinsurance markets typically provide its services on a  cross-border basis for Latin American based cedants, considering that the reinsuring capacity within the region is limited, in comparison to the insurance companies’ demand. Consequently, these cross-border transactions imply taxation difficulties for the local governments of the country where the cedants are domiciled, as the foreign reinsurers collect the …

This panel of Latin American insurance law experts, all members of the worldwide legal network Insuralex (www.insuralex.com), will provide the attendees with an update on Latin American underwriting, regulatory and legal issues. The speakers will summarise the status of each Latin American (LatAm) jurisdiction from different angles to give the audience an idea of the current situation of the insurance …