“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 …
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 …
According to what we can learn from previous crisis, the answer is very clear: YES. The Latin American insurance industry must invest in marketing in times of crisis Even that many firms trend to cut marketing e innovation expenses (I prefer to use the word investment), many studies show that it is an incorrect approach. Once again (it already happened …
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 …
