Infrastructure projects are the biggest opportunity for insurers in Latin America, says Lloyd’s regional head
Persistent geopolitical and economic challenges can put some businesses off investing in Latin America, but Daniel Revilla, Lloyd’s regional head of Latin America and the Caribbean (LAC), also sees plentiful opportunities for underwriters and brokers with specialist expertise and an appetite for risk.
In this video he provides an overview of local insurance market performance as well as regional risks and opportunities.
Lloyd’s business in the LAC market continued to expand last year. Latin America grew by 11%, driven by Mexico, Brazil, and Chile, whilst the Caribbean region grew by three percent.
”Infrastructure investment is where I see the biggest opportunity for Lloyd’s,” says Revilla, who points to “important investments” in both traditional and renewable energy production. “Some governments are doing a good job in advertising these opportunities.”
Revilla believes that the Lloyd’s market is ”uniquely positioned to take advantage of these great infrastructure investment opportunities because we have knowledge that is simply unparalleled”. With deep energy infrastructure expertise, Lloyd’s market brokers and underwriters can shape the right risk transfer solutions, he says.