Machua Millett of EAPD recently participated in the 32nd Hemispheric Insurance Conference hosted by the Federacion Interamericana de Empresas de Seguros (FIDES). Kicked off by a fiery performance by five-time Grammy Award winner Olga Tañon, FIDES 2009 brought together nearly 900 insurance industry representatives from Latin America, North America, Europe and Asia to discuss the status and future of the Latin American (re)insurance markets.
Among the more compelling programs were panels discussing the following topics:
- Life Insurance in Latin America–What Is Necessary To Make It Grow?
- New Trends in Quantification of CAT Risk in Latin America; Managing and Mitigating Earthquake Risk in Latin America
- Insurance Underutilization in Latin America: Causes and Barriers
- Climate Change and Insurance Adaptation
- Financial Risk; IFRS, Solvency II and MCEV Requirements
- Risks and Opportunities in the Opening of the Costa Rican Insurance Market; and
- Creating Sustainable Microinsurance
Overall, the recurring theme of the conference was the tremendous opportunities in Latin America for both domestic and foreign companies, tempered by the continuing roadblocks and risks posed by regulatory restrictions, underutilization of insurance and political and economic instability.
If you would like further information about any of these topics, please feel free to send a message to mmillett@eapdlaw.com.