The third party general liability and agricultural sectors will provide lots of growth opportunities in the next 24 months says Javier Vijil, president & chief underwriting officer for the Latin American and Caribbean division.
How do you see the market in Latin America growing?
The area in which we see growth development in the regions is the casualty area – especially the third party general liability field. We don’t see so much growth in the professional liability sector, but it will reach here soon. We also see growth in the agricultural business as Latin American countries embark more and more on protecting their crops and business.
With all the model changes – and they are not as engrained in everyday business as they are in Europe or the US – companies are buying more protection. This is also prompted by the changes in requirements by local supervisory authorities.
Javier Vijil, TransRe, FIDES, Latin America, Reinsurance