Insuralex

  • The Group
    • About us
    • Current Management
    • Past Presidents
    • Membership inquiries
    • Regulatory Information
  • Experience and Vision
  • Services
  • Members
  • News + Articles
  • Reports
  • Events
  • Contact Us
  • FAQ´s
Join

2022 Parametric Insurance in Latin America: Update

by Insuralex / Wednesday, 10 August 2022 / Published in News + Articles, Reports

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 the local insurance markets.

Notwithstanding, the following are the main regulatory trends for parametric insurances in the region which will be explained herein: (i) countries where the local regulation does not provide nor mention any applicable law for parametric insurances and, therefore, as it is not explicitly forbidden, it is deemed permitted; (ii) countries where the local regulation accepts parametric insurance, and (iii) countries where the local regulation and the parametric insurance commercialization are only for agriculture and livestock practices.

This report updates the report published in 2020, considering the new regulations on the subject issued in the last two years and the fact that new exclusive members from the region joined  insuralex during the same period (Guatemala and the Dominican Republic).

Download the report:

If the report does not open automatically, please allow pop-ups, use another browser or another device.




    If the report does not open automatically, please allow pop-ups, use another browser or another device.

    Conditions of use | Privacy Policy

    Tagged under: Insuralex Latin America, Insurance Attorneys Latin America, Insurance Lawyers Latin America, Parametric Insurance Latin America, Updated report parametric insurance

    OUR SPONSOR

    CONTACT US

    Contact form

    • The Group
    • Experience and Vision
    • Services
    • Members
    • News + Articles
    • Reports
    • Events
    • Contact Us
    • FAQ´s

    Insuralex is not a law firm, does not practice law and does not provide legal advice or legal opinions. Insuralex members are not a partnership of law firms or lawyers and are not affiliated or in a relationship for the joint practice of law. Insuralex member firms are strictly independent firms.

    Insuralex 2022    Cookie Policy | Conditions of use | Privacy Policy | FAQ's | Contact

    TOP