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Willis Re has introduced long-awaited flood models for Latin America through their research arm Willis Research Network (WRN). The models focused on large event scenarios for key cities such as Sao Paulo, Santiago and Bogota. “The flood models provide South American insurance and reinsurance firms, as well as local governmental organizations, with new information that [...]
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Unlike New York, one area in Brazil, Aracatuba, has not had any rainfall in three months. And when that happens, apparently the scariest thing in the world can occur: a fire tornado. Yes, it sounds like something out of Roland Emmerich’s farcical film The Day After Tomorrow, but it is indeed real. Fortunately, however, the [...]
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“Organized” chaos A few weeks ago, a report came out that — once again — India led the world in traffic deaths. Given its population (estimated at nearly 1.2 billion, which puts it behind only China), the nation would logically be near the top of the list regardless of any priority it placed on safety. [...]
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This morning at RIMS 2010 Boston, I got the chance to speak with Swiss Re’s Ivan Gonzalez, who heads the company’s Latin America and Caribbean Single Risk business. In our talk about the increasing opportunities for insurers in the region, the focus quickly, and predictably, turned to Brazil, which presents great promise to the re/insurance [...]
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