27 October 2015 Insurance

The adjustment of energy claims in Latin America: the importance of local experience with global reach

For the provision of adjustment services for claims in the Latin American energy sector with satisfactory results, having local experience and a team of experts with global reach is an incomparable advantage, as the RTS energy claims managers explained to FIDES Today.

The expanding population and economic growth forecasts for Latin America over the coming years will doubtlessly result in increased demand for power, which will therefore require increasing the installed capacity. A good example is Mexico, which represents a fifth of the demand for power in Latin America.

At the same time, on a global scale, the international renewable energy agency—IRENA—published the REmap 2030 Roadmap, which highlights how the proportion of renewable energies to conventional ones around the world will double by around 2030.

The value that RTS offers with regard to conventional and renewable energies is the experience of its adjusters in many Latin American countries, in Spain and in Portugal. Aware that the insurance sector relies on well-recognised adjustment services, RTS has been investing in its qualified professionals in different countries for more than 15 years, so that it can offer its services in a region that will yield the best and most consistent results.

A good example of the recognition received by RTS for its experience in the field and the added value contributed to its clients is the fact that RTS was recently accepted as a member of the International Association of Engineering Insurers (IMIA). The objective is to participate in an association of global experts in engineering insurance, who will exchange experiences, develop research and compare studies, among other activities. Its essential value is the management of a forum put in place to foster understanding and promote best practices in the area of engineering insurance in all its forms.

RTS’s headquarters are in Madrid, Spain, and it has various offices in Spain and Portugal. On the other side of the Atlantic, it has offices in Argentina, Brazil, Chile, Colombia, Costa Rica, the Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Panama, Peru, the US and Venezuela.

In addition, RTS is a partner and cofounder of the VRS Adjusters network, through which it offers services in 140 countries.

RTS’s energy adjustment services team can be contacted at: Luis Pérez, lpa@rtsgrupo.com; Juan G. Uribe, juribe@rtsgrupo.com or David Castillo, dcastillo@rtsgrupo.com

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