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 …

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 …

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 …

Insuralex presents its new Facebook page Insuralex (Trusted Legal Advisors for (Re) Insurance) is pleased to introduce its new Facebook page, which focuses mainly on reports, articles, news, seminars, webinars, etc. related to (re)insurance. Insuralex focuses on clean, dynamic and visual content that supports the entire design structure. Designed to be friendly and safe to use, the homepage provides a …

Insuralex is the only insurance focused international network ranked in Global Chambers as a Leading Law Firm Network / Band 1. Founded two decades ago, in 2002, Insuralex (Trusted International Legal Advisors for (Re) Insurance) is a group created by more than 50 independent law firms from Europe, North America, Latin America, Africa, Asia and the Middle East that specialise in …

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 …

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 …

Insuralex is launching a new free webinar: Insurance market in Ibero-America: responses in the post-COVID world   The COVID pandemic that hit the world in 2020 not only shook global health systems, but also impacted with particularly serious consequences in all economic sectors of society. The challenges posed for thousands of companies and states are not yet fully known. However, …

iNLIP, independent Network of Latam Insurance Professionals, proud Media Partner of the 2020 LIMRA LOMA Latin American Conference | Lima, Peru   IMPORTANT UPDATE: 2020 Latin American Conference Cancelled Recognizing the ongoing and increased uncertainty that COVID-19 is causing— and because the health and well-being of our conference partners and attendees is our top priority,  we have made the difficult, but …

Osterling Abogados, Insuralex´s exclusive member in Peru, advised the Peruvian association of insurance companies when making their case for the regulator to reconsider an opinion formerly issued against the validity of “claims made” clauses included in liability policies. In recent days, the Peruvian Superintendence of Banking, Insurance and Pension Funds Administrators (SBS as per its Spanish acronym) published a draft bill, …

Adjusting losses in Latin America is highly complex and covers multiple aspects. To assure the best possible outcome for clients, expert adjusters need a great deal of knowledge, global vision and local and international market insights. With over 25 years of experience in Latin America, RTS International Loss Adjusters highlights some of these facets in this article. A terminology issue …

Summer has just begun in the southern hemisphere, a season associated with rainfall and El Niño conditions. The phenomenon occurs because Kelvin waves warm the ocean and move the warm water from the western part of the Pacific (Australia) to the eastern part (South America). There is also a phenomenon called Coastal El Niño caused by warm water from the …