LatAm consumers becoming more risk-aware opens door for insurance expansion

10-08-2022

LatAm consumers becoming more risk-aware opens door for insurance expansion

Following COVID-19 and natural catastrophes, Latin America consumers and businesses are becoming more risk-aware. But insurance firms will need to improve data capabilities to take full advantage, a panel found.

Insurers can expand their product ranges in Latin America as customers become more risk-aware, according to Valentina Garcia, Swiss Re’s senior client manager for reinsurance in the region.

Garcia said Swiss Re had recently issued a survey to Latin America consumers which showed the raised awareness. Garcia, speaking on an Intelligent Insurer panel titled “Land of opportunity: Why Latin America presents such an opportunity for growth”, outlined how she saw Latin America developing in the next five to 10 years.

“We issued a consumer survey after the COVID-19 pandemic. For this edition, the third, we included Mexico and Brazil and we received some quite interesting insights, mostly on customer behaviour.


LatAm Panel Discussion, Swiss Re, Oneglobal, Pro Global, BMS Re, Valentina Garcia, Nicolau Daudt, Martin Smith, Juan Carlos Gomez, Insurance, Reinsurance

Intelligent Insurer