The challenge of assessing the Loss of Sand from Hotel Beaches after a Hurricane   The beach replacement sub-limit  has special relevance in the Policies contracted by beachfront hotel resorts. The correct calculation of the volumes of sand displaced by the strength of the waves during the passage of Storms and Hurricanes represents an opportunity to comply with the Indemnity …

Underinsurance is not exactly a new phenomenon in Latin America. Many countries have long suffered high inflation and the consequent risk of claims settlements being reduced due to underinsurance. So, why was there such a lively debate when 70 insurance executives came together for the Advanta/LEA Breakfast Forum during the 2023 Miami (Re)Insurance Week? It’s true that high inflation has …

Are you attending the 2023 Miami (Re)Insurance Week? It takes place on 13-17 February and among the many events and networking is our advanta Breakfast #Forum on 15 February 2023. Important update by José Miguel Varela (Director): “We are thankful for the support from clients and colleagues. We have reached again the full occupancy of the venue, son for that reason we won’t …

DSU Coverage – Hidro Ituango / Personal injury / Engineering insurance / Critical issues on construction project claims in Latin America / Marine insurance adjustment – Opportunities in Latin America / Surety – Construction trends in COVID Times /    These past weeks have revealed a continuous series of activities for Advanta. From seminars to internal workshop trainings, company cocktails, …

By Gustavo Rodríguez, US Services Coordinator, Advanta Global Services   Complex claims are always accompanied by a series of very particular technical and logistical challenges that vary depending on each Insured’s type and line of business. However, the pandemic brought about by COVID-19 has complicated things even more when it comes to the actual handling of the claims, starting with …

ADVANTA and LEA will host a “Political Risk in LatAm” Forum in the frame of the 2020 Miami Reinsurance Week.  This event will take place at the Hyatt Centric Brickell hotel in Miami next Wednesday, February 12ve 2020, counting with the participation of diverse players, from leader underwriters to brokers, and risk consultants. Discussions from different perspectives will take place, based …

Already in the middle of the hurricane season, both in the Atlantic and the Pacific, and observing that these natural events occur each time with greater strength and thus, greater capability of generating losses, the challenge of a coherent insurance market, regardless of the cycles of premiums, is more needed.  The intensity with which Hurricane Dorian devastated the archipelago of …

Given the nature of the business, the Insurance Industry coexists with uncertainty and in that vein, with the constant need to be prepared for whatever may occur.  For those working on underwriting, insurance products development, actuarial calculations for claims management, modelling and attempting to predict risk patterns, uncertainty is a constant source of concern.  The point is to be prepared …

The Engineering School of Mechanics and Materials of FIU (Florida International University), through the Advance Institute for Material Engineering, has announced the formation of its Advance Materials Engineering Research Institute (AMERI) and has invited Eng. José Miguel Varela (ADVANTA’s Regional Director (LatAm & Carribean) to be a part of their Board of Advisors. The purpose of the Advance Materials Engineering …