Un paso hacia la estabilidad
Argentina ha experimentado una volatilidad económica significativa en los últimos años, con una inflación persistente y una incertidumbre financiera que han afectado a las empresas de todos los sectores. En este contexto, la decisión del regulador de imponer un requisito de capital mínimo unificado y más alto es un esfuerzo estratégico para fortalecer el mercado asegurador. Al garantizar que las aseguradoras cuenten con reservas financieras adecuadas, la reforma busca mejorar la resiliencia operativa y proteger a los asegurados de posibles insolvencias.
Otro cambio relevante es la eliminación de los requisitos de licencia diferenciados para distintas líneas de negocio. Anteriormente, una aseguradora especializada en caución y fianzas, por ejemplo, necesitaba una licencia completamente distinta para expandirse al ramo de daños y responsabilidad civil (P&C). La nueva regulación elimina estas barreras, brindando a las aseguradoras una mayor flexibilidad para diversificar sus carteras y responder de manera más dinámica a las demandas del mercado.
Desafíos potenciales para las aseguradoras más pequeñas
Si bien estos cambios están diseñados para fortalecer el sector asegurador, también representan desafíos, especialmente para las compañías más pequeñas. El aumento en los requisitos de capital mínimo implica que las aseguradoras deben reforzar su posición financiera en los próximos dos años para cumplir con la normativa. Las empresas que no logren ajustarse a estas exigencias podrían verse obligadas a fusionarse o ser adquiridas, lo que podría derivar en una mayor consolidación del mercado.
Aunque el regulador ha establecido un período de transición escalonado, con cumplimiento total esperado para mediados de 2026, las compañías deben actuar ahora para alinear sus estructuras de capital con el nuevo marco. Esto requerirá una planificación financiera cuidadosa y, en algunos casos, alianzas estratégicas para garantizar su competitividad.
Equilibrando crecimiento y seguridad financiera
La gran incógnita ahora es cómo la industria logrará equilibrar la seguridad financiera con el mantenimiento de un mercado dinámico y diverso. Las aseguradoras más grandes podrían beneficiarse de una menor competencia y una mayor cuota de mercado, pero un exceso de consolidación podría reducir la oferta para los consumidores y frenar la innovación. El desafío para reguladores y aseguradoras será garantizar que estas reformas cumplan su promesa de estabilidad sin comprometer la diversidad del mercado.
A medida que Argentina avanza en esta transformación regulatoria, las aseguradoras deben tomar medidas proactivas para evaluar sus estrategias de capital, explorar posibles asociaciones y adaptarse a un panorama en evolución. Aunque el camino por delante presenta desafíos, estas reformas ofrecen una oportunidad para construir un sector asegurador más resiliente y sostenible en el futuro.
Descubra más sobre los servicios de Pro Global en América Latina.
Name: Martin Smith
Job title: Director, Latin America
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A Step Toward Stability
Argentina has faced significant economic volatility in recent years, with persistent inflation and financial uncertainty impacting businesses across all sectors. Against this backdrop, the regulator’s decision to enforce a unified and higher minimum capital requirement is a strategic effort to strengthen the insurance market. By ensuring that insurers have adequate financial buffers, the reform seeks to improve operational resilience and protect policyholders from potential insolvencies.
Another notable change is the removal of separate licensing requirements for different lines of business. Previously, an insurer specialising in surety and bonds, for example, would need an entirely different license to expand into property and casualty (P&C) insurance. The new regulation eliminates these barriers, providing insurers with greater flexibility to diversify their portfolios and respond more dynamically to market demands.
Potential Challenges for Smaller Insurers
While these changes are designed to create a more robust insurance sector, they also pose challenges, especially for smaller firms. The increase in minimum capital requirements means that insurers must strengthen their financial positions within the next two years to remain compliant. Companies unable to meet these demands may be forced to seek mergers or acquisitions, potentially leading to market consolidation.
Although the regulator has introduced a phased transition period, with full compliance expected by mid-2026, firms must act now to align their capital structures with the new framework. This will require careful financial planning and, for some, strategic partnerships to ensure they remain competitive.
Balancing Growth and Financial Security
The key question now is how the industry will balance financial security with maintaining a dynamic and diverse market. Larger players may benefit from reduced competition and increased market share, but too much consolidation could limit consumer choice and stifle innovation. The challenge for regulators and insurers alike will be ensuring that these reforms deliver on their promise of stability without compromising market diversity.
As Argentina embarks on this regulatory overhaul, insurers must take proactive steps to assess their capital strategies, explore potential partnerships, and adapt to the evolving landscape. While the road ahead presents hurdles, these reforms ultimately offer an opportunity to build a more resilient and sustainable insurance sector for the future.
Name: Martin Smith
Job title: Director, Latin America
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Coming from a legal background, Alex joined Pro Global in the Summer of 2022 as part of the Complex Claims team, which was relatively new. She had previously worked for a Claimant Solicitor, bringing asbestos-related claims, and subsequently for an Insurer, working on a portfolio of complex claims.
We were lucky enough to catch up with Alex and shine the spotlight on her role – including her journey at Pro Global, her perspective on the evolving claims landscape, and the rewarding – and sometimes challenging – nature of handling complex claims.
Alex highlights that complex claims often present consistent challenges, particularly due to intricate policies with lengthy exclusions and confusing excess terms. Additionally, meeting Service Level Agreements (SLAs) – contracts that outline the required service standards for insurance providers – is essential for securing client agreements.
But now “everything is becoming more streamlined” with technology and data analytics playing a major role in improving claims processes.
Alex says: “We have end-to-end claims processing, everything is within the same system – from intimation, policy record searching, payments, to closure.
“Pro Global Claims is also developing an updated claims processing system, which will speed things up even further, as well as provide transparency to clients as they can access the system – our team for Prudential’s claims are already using it, and it will be ready to use by leading insurers within the next few months. Data capture – this is easily extracted so we can see trends in our handling and SLA efficiency.”
In addition, with fraudulent claims, data capture is pivotal in triaging suspect claims and identifying fraudulent patterns through comparison with other evidence.
Despite this digitalisation, Pro Global advocates a balanced approach between technology and the human in the loop. As trusted advisors to the global re/insurance sector, the experts at Pro Global have an unmatched perspective of the trends, opportunities and challenges impacting the sector operationally and financially around the world.
“When I started my very first job in the legal sector, it was pretty much all paper files. At Pro Global it’s all electronic, you can answer any query, and I can do more in less time,” Alex adds.
She pinpointed 2014 to 2015 as the “pivotal years” for the changeover from manual to digital systems.
Alex says: “Before joining Pro Global, I had never worked with such a diverse group of professionals. There’s always someone to turn to for questions, each bringing valuable experience and insights.” The most rewarding part of her job is successfully navigating intricate legal challenges that arise as well as working with her team.
The business has an open forum where case or trial legalities as well as unusual or groundbreaking evidence can be shared.
Alex says: “We have a mixture of experience – many people who worked for years directly for insurers, now work on their book of business within Pro Global. This brings such a depth of understanding of policies and procedures. We then also have a vast range of experience from other insurers, law firms, and industries, it is the most cohesive and knowledgeable workforce I have ever been part of.”
Describing the claims team in one word – ‘strategic’ – she concludes: “Every claim is different, and from the outset needs a unique strategy”.
Name: Alexandra Hebblewhite
Job title: Senior Claims Technician – Complex Claims
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This article was originally published on TheInsurer.
Steve Bellingham, head of claims strategy at Pro Global, on the risk of rising silicosis compensation claims…
With growing media coverage warning of a potential epidemic, increased enforcement by the Health and Safety Executive (HSE) and heightened activity from claimant lawyers seeking cases, how significant is the risk of rising silicosis compensation claims for UK insurers?
Silicosis is an incurable occupational lung disease caused by inhaling respirable crystalline silica dust, commonly found in materials such as stone, sands, clays and engineered stone.
There are three forms of silicosis: chronic, accelerated and acute, all of which can progress even after exposure has ceased.
Industries at risk
Employees in industries such as construction, mining, foundries, glass manufacturing and, more recently, stone fabrication are particularly vulnerable. The growing popularity of engineered stone for kitchen and bathroom countertops has introduced additional risks.
Engineered stone, which can contain more than 90 percent crystalline silica, has seen rapid adoption globally. For instance, the US reported a 700 percent increase in imports of engineered stone between 2010 and 2019. The material’s fabrication processes, as cutting and polishing, can release hazardous levels of silica dust if not adequately controlled.
International trends: lessons from the US and Australia
In the US, states such as California have introduced enhanced safety standards for stone fabrication in response to rising silicosis cases, particularly among small businesses with poor health and safety practices.
In Australia, silicosis has long been associated with mining and construction, but recent cases have highlighted risks linked to engineered stone. Once rare, civil compensation claims have re-emerged as diagnoses increase.
Engineered stone, introduced in 1998, became a dominant material for countertops until its ban by the Australian government in June 2024. This surge in popularity led to a proliferation of small, often poorly regulated businesses, creating widespread exposure risks.
The UK landscape
In the UK, silicosis-related claims remain low, with only 35 Industrial Injury Disablement Benefit applications in 2023, up from 30 in 2022 and 25 in 2021.
While modest, this increase could mirror trends observed in other countries where engineered stone usage surged.
Despite these figures, comparisons to asbestos are, for now, alarmist. The widespread and prolonged exposure associated with asbestos, combined with its latency period, created a unique compensation landscape that silicosis has yet to approach.
Prevention and insurer considerations
Unlike asbestos, exposure to silica dust is preventable with effective controls. Measures include dust extraction, wet-cutting techniques and appropriate respiratory protective equipment. The HSE has ramped up its efforts to educate employers, particularly those in stone fabrication and kitchen supply industries, on minimising exposure risks.
For insurers, assessing risks in relevant occupations hinges on identifying high-exposure industries, scrutinising health and safety practices, and monitoring compliance with workplace exposure limits.
Looking ahead
While the evidence suggests that silicosis cases in the UK may rise, particularly with increased clinical awareness and reporting, the scale of the risk remains far from the levels seen with asbestos.
However, heightened vigilance is essential to manage emerging risks and ensure that preventative measures are enforced across the most affected industries.
Name: Stephen Bellingham
Job title: Head of Claims Strategy
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O crescimento do mercado de seguros no Brasil também é expressivo. Segundo a GlobalData, a indústria de seguros gerais deve crescer a uma taxa anual composta de 7,3%, de R$ 242,6 bilhões (US$ 46,97 bilhões) em 2022 para R$ 344,9 bilhões (US$ 68,03 bilhões) em 2027.
A escala e o impulso desse crescimento destacam a necessidade de conhecimento local, insights e experiência para navegar em um mercado em constante evolução. Com uma diversidade de requisitos regulatórios e desafios operacionais únicos no Brasil, a demanda por expertise local nunca foi tão alta.
Enfrentando Desafios Complexos
Entre as questões urgentes que as seguradoras brasileiras enfrentam está o desafio de fundos não alocados. Essa preocupação persistente pode imobilizar recursos significativos, mas existem soluções disponíveis. Com o uso de dados históricos, de processos robustos e de ferramentas inteligentes, a equipe da Pro Global Brasil está trabalhando em estreita colaboração com as principais seguradoras locais para sistematicamente resolver o problema dos fundos não alocados. Liberar essa liquidez é essencial para melhorar as operações financeiras e possibilitar um crescimento eficiente.
Desde nossa chegada ao mercado brasileiro em 2020, com foco inicial na gestão de seguros em run-off (operações descontinuadas), expandimos nossa oferta para incluir soluções de automação sob medida, adaptadas especificamente às necessidades locais. Essas soluções não apenas resolvem ineficiências operacionais, mas também ajudam as empresas a responder às crescentes demandas por transformação digital holística e governança proativa.
Automação: O Caminho a Seguir
A complexidade e a evolução tecnológica do mercado de seguros no Brasil também estão impulsionando a adoção da automação inteligente. Mais de 200 startups de insurtech surgiram nos últimos anos, transformando o mercado ao enfrentar ineficiências tais como duplicações e erros manuais.
A Pro Global assumiu essa mudança, trabalhando junto a seguradoras para projetar serviços digitais personalizados, incluindo soluções avançadas de automação robótica de processos.
Desde a recuperação de sinistros para contratos antigos de resseguro e a melhoria de processos de subscrição, essas soluções sob medida estão ajudando as seguradoras a lidar com os desafios únicos do mercado brasileiro de forma cada vez mais eficiente. Em um mercado altamente competitivo e em crescimento, essa eficiência no enfrentamento de desafios complexos é o que importa para as principais seguradoras do Brasil para o planejamento do futuro.
Leitura complementar: Foco no Crescimento no Brasil – Parte 2: Mudanças Regulatórias: perspectivas
Entre em contato para saber mais sobre nossos serviços na América Latina.
Name: Juan Bragadin
Job title: Country Manager (Brazil)
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Essa legislação histórica substituirá o atual marco regulatório, introduzindo mudanças abrangentes na estruturação de contratos, nas leis aplicáveis e nos processos operacionais. O objetivo é modernizar o ambiente regulatório e fortalecer as proteções para os segurados, ao mesmo tempo em que exige que seguradoras e resseguradoras adaptem suas práticas e melhorem sua compliance.
Mudanças Principais na Lei de Seguros Brasileira
Essas mudanças não são apenas atualizações regulatórias; representam uma mudança fundamental em como seguradoras e resseguradoras operam. Com maior ênfase na pontualidade, transparência e responsabilidade, as empresas devem otimizar seus processos internos e adotar uma abordagem proativa em compliance.
Regulamentações de Solvência: ORSA
Além da Lei de Seguros Brasileira, as principais seguradoras e resseguradoras também estão enfrentando o desafio do Own Risk and Solvency Assessment (ORSA) (autoavaliação de risco e solvência), que exige uma gestão de riscos robusta e análise de cenários para garantir a solvência. O ORSA demanda avaliações internas detalhadas da capacidade de uma seguradora de cumprir suas obrigações em diversas condições, destacando a necessidade de controles operacionais mais fortes e modelos de risco aprimorados.
Na Pro Global, reconhecemos os desafios que essas mudanças regulatórias apresentam e estamos observando uma forte demanda por conhecimento local especializado para apoiar as equipes internas de compliance e fornecer revisões independentes dos processos. Nossas soluções são projetadas para ajudar as seguradoras a fortalecer sua resiliência operacional, garantindo que possam navegar pelas complexidades dessas regulamentações com confiança.
Tecnologia e Inovação
Paralelamente à reforma regulatória, o mercado de seguros brasileiro está passando por um crescimento acelerado em inovação tecnológica. Conforme destacado na Parte 1, mais de 200 insurtechs surgiram no Brasil nos últimos anos, muitas aproveitando a inteligência artificial (IA) para aprimorar subscrição, avaliação de riscos e eficiência operacional. A IA generativa e ferramentas avançadas de automação, em particular, estão se mostrando inestimáveis para ajudar as empresas a atender às exigências de compliance, especialmente de acordo com o ORSA.
No entanto, a integração de novas tecnologias traz seus próprios desafios, especialmente no campo da cibersegurança. À medida que as seguradoras adotam processos digitalizados e automação de ponta a ponta, garantir a proteção de dados e a segurança operacional torna-se fundamental. Como resultado, estamos observando uma crescente demanda por soluções personalizadas de auditoria cibernética que ajudem a identificar possíveis vulnerabilidades, aprimorar defesas e fortalecer a segurança contra riscos cibernéticos em um cenário digital cada vez mais conectado.
Supervisão Proativa é Fundamental
A introdução da Lei de Seguros Brasileira marca um momento decisivo para o setor acelerar a supervisão proativa. A demanda por automação, eficiência operacional e soluções adaptadas localmente só aumentará à medida que o ambiente regulatório evoluir. Na Pro Global, permanecemos dedicados a ajudar nossos clientes a transformar esses desafios em oportunidades, garantindo um crescimento contínuo e conforme, além de excelência operacional no vibrante setor de seguros do Brasil.
Leitura adicional: Foco no Crescimento no Brasil Parte 1 – Buscando Eficiência na Complexidade no Maior Mercado de Seguros da América Latina
Entre em contato para saber mais sobre nossos serviços na América Latina.
Name: Juan Bragadin
Job title: Country Manager (Brazil)
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As the Lloyd’s and London Market grows – forecasted to expand from $115 billion to $150 billion over the next five years – the importance of effective and resilient claims handling has never been more critical. Claims Third-Party Administrators (TPAs) play a pivotal role in ensuring smooth operations within this expanding ecosystem. However, Lloyd’s 2025 Market Oversight Plan has made it clear that there’s room for improvement, particularly in claims cost management and business retention.
How can TPAs can strengthen their operations to align with Lloyd’s new focus on raising claims to a “hurdle principle,” ensuring market-wide excellence in claims service?
Why the Focus on Claims Now?
Lloyd’s has identified claims handling as a cornerstone of market resilience and customer satisfaction. The 2025 Market Oversight Plan specifically states that elevating claims as a “hurdle principle” aims to “deliver a superior claims service to customers and contribute positively to the overall market financial performance through tangible improvements in claims cost management and business retention”.
This strategic shift underscores the importance of enhancing claims data accuracy, improving forward-looking case reserve management, and embedding operational resilience into claims handling processes.
Challenges Facing Claims TPAs
With over 300 TPAs supporting the Lloyd’s market, the variability in capabilities and practices presents significant challenges, including:
Best Practices for 2025
1. Data-Driven Decision-Making
Accurate and timely claims data is critical for effective decision-making. Lloyd’s has highlighted the need for improvements in how delegated claims data is used to drive performance. Pro Global’s advanced platforms ensure transparency and deliver actionable insights, helping to proactively manage claims reserves and improve outcomes and setting the standard for TPA best practice.
2. Operational Excellence
The Lloyd’s Market Oversight Plan emphasises operational resilience as a key focus area. Pro’s hybrid onshore-offshore delivery models and scalable claims platforms exemplify how TPAs can meet these demands. For instance, Pro’s UK claims platform, managing over £2 billion in liabilities, is built to handle complex specialty claims while maintaining efficiency and compliance.
3. Technology and Automation
Lloyd’s Blueprint Two and the 2025 oversight framework stress the importance of leveraging technology for claims management. Automation tools, like those deployed by Pro, streamline repetitive tasks and enable TPAs to allocate resources to high-value activities, reducing operational costs and improving client satisfaction.
4. Enhanced Governance and Compliance
With the integration of claims as a “hurdle principle,” Lloyd’s is prioritising governance in claims handling. Pro has already implemented a unified panel of law firms and robust compliance frameworks to support clients in navigating regulatory complexities.
5. Proactive Risk Management
The oversight plan also calls for better case reserve management influenced by emerging risks. Pro’s predictive analytics capabilities enable TPAs to identify and mitigate potential issues before they escalate, ensuring a proactive approach to risk management.
Setting a New Standard
Strengthening claims management capabilities is about delivering operational excellence in a complex, ever-changing environment. Complex claims require focus, dedicated expertise, trusted advisors, and a consistent commitment to best practices to manage them effectively and at scale.
As Lloyd’s pushes for a more customer-centric and resilient claims process, TPAs have an opportunity to raise the bar by adopting these principles. Pro Global is proud to be at the forefront of these developments, consistently delivering solutions that combine deep expertise, innovation, and resilience. This approach ensures not only the smooth functioning of the claims process but also sets new benchmarks for complex claims management excellence in one of the world’s most dynamic insurance markets.
To speak to the Pro Global team please feel free to reach out to us at:
Name: Richard Emmett
Job title: Head of Insurance Services
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Sin embargo, para seguir apoyando este crecimiento, el equipo de expertos de Pro Global está trabajando en estrecha colaboración con reaseguradoras y aseguradoras en el país para abordar desafíos técnicos complejos y de nicho que afectan la eficiencia general del sector. Un área clave en este sentido es la colocación y asignación del reaseguro.
Los Riesgos del Reaseguro Incompleto
Una tendencia que hemos observado es la ocurrencia de reaseguros no colocados, donde los corredores, por diversas razones, no han colocado una línea de reaseguro. En algunos casos, las aseguradoras corren el riesgo de descubrir brechas en la cobertura solo después de que se presenten reclamaciones, lo que genera desafíos significativos.
Este problema no es solo teórico. En Perú, ha habido casos en los que corredores han desaparecido del mercado tras no completar colocaciones importantes, dejando a las aseguradoras expuestas y generando un mayor escrutinio regulatorio.
En Pro Global, estamos abordando este desafío proporcionando servicios independientes de verificación de colocación de reaseguro para aseguradoras en Perú. Tanto aseguradoras como corredores confían en nosotros para emitir Certificados de Asignación de Reaseguro Facultativo al 100%, confirmando que cada riesgo está completamente cubierto.
Cerrando la Brecha de Confianza
Nuestro papel como asesores de confianza es crucial, especialmente en escenarios urgentes donde las aseguradoras necesitan garantías inmediatas. Al verificar las asignaciones de reaseguro, ayudamos a mitigar riesgos, mejorar la transparencia y fortalecer las relaciones entre aseguradoras y reaseguradoras.
Este servicio se ha vuelto indispensable a medida que el mercado exige mayor responsabilidad y controles de auditoría más estrictos. También resalta la necesidad de capacidades sólidas de gestión de riesgos empresariales, que, según AM Best, son fundamentales para navegar el complejo panorama asegurador de Perú.
Un Mercado de Oportunidades y Desafíos
Si bien el sector asegurador peruano ofrece enormes oportunidades, también requiere supervisión minuciosa e innovación para abordar sus desafíos únicos. A medida que enfrentamos estas complejidades, en Pro Global seguimos comprometidos a responder a los puntos críticos que las aseguradoras buscan resolver, con el fin de impulsar el crecimiento y la estabilidad del mercado.
Lectura adicional: [Garantizando la Precisión en la Asignación de Reaseguros: Tendencias en el Creciente Mercado Asegurador de Perú (Parte 1)]
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Name: Alberto de Trazegnies
Job title: Representante de Perú
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Sin embargo, detrás de estas proyecciones optimistas yace la necesidad crítica de precisión en la asignación de reaseguros, un desafío que Pro Global está abordando de manera directa en Perú.
Comparación de Coberturas: Abordando Discrepancias en los Datos de Reaseguro
Uno de los principales desafíos que hemos identificado es la creciente demanda de servicios de comparación de coberturas para reconciliar discrepancias en la documentación de reaseguros. Trabajando con las principales reaseguradoras en Perú, procesamos miles de slips de asignación y notas de cobertura, detectando inconsistencias generadas por errores humanos durante la transcripción de datos.
Estas discrepancias pueden parecer menores, como puntos decimales mal alineados o períodos de cobertura incorrectos, pero su impacto potencial es enorme. Entre los errores más comunes encontramos:
Para abordar este problema, Pro Global ha desarrollado un innovador sistema de matrices que clasifica las discrepancias por nivel de gravedad, utilizando alertas en rojo, amarillo y verde. Este enfoque estructurado no solo ha optimizado los procesos para nuestros clientes, sino que también les ha ahorrado millones, garantizando claridad operativa y reduciendo la exposición al riesgo.
Nuestro enfoque proactivo permite que reaseguradoras y corredores reconcilien los detalles de cobertura con precisión, reduciendo el riesgo de exposición y fortaleciendo la confianza en toda la cadena de seguros.
Un Mercado Resiliente con un Futuro Prometedor
A pesar de algunos desafíos políticos y económicos, la base macroeconómica de Perú y su sólido liderazgo en el sector asegurador siguen proporcionando un entorno estable para el crecimiento. Servicios como la Comparación de Coberturas y la Certificación de Asignación de Reaseguro al 100% desempeñarán un papel cada vez más crítico en el fortalecimiento del cumplimiento regulatorio, la reducción de ineficiencias operativas y el aumento de la rentabilidad para todas las partes interesadas.
De cara al futuro, las aseguradoras también deberán adaptarse a los avances tecnológicos y a las actualizaciones regulatorias. Por ejemplo, la automatización y las soluciones impulsadas por inteligencia artificial serán clave para mantener la competitividad, mientras que las mejoras continuas en ciberseguridad garantizarán la resiliencia en un mundo digitalmente conectado.
Lectura adicional: La Parte 2 de nuestro análisis sobre Perú explora otra tendencia crítica en el mercado asegurador peruano: la necesidad urgente de certificados de Asignación de Reaseguro al 100%.
Contáctenos para obtener más información sobre nuestros servicios en América Latina.
Name: Alberto de Trazegnies
Job title: Representante de Perú
To speak to the Pro Global team please feel free to reach out to us at:
To contact our PR team directly please use the link below
However, to continue to support this growth the expert team at Pro Global are working closely with re/insurers in the country to tackle complex niche technical challenges that impact the overall efficiency of the sector, and a key area for this is reinsurance placement and allocation.
The Risks of Incomplete Reinsurance
One trend we’ve observed is the occurrence of unplaced reinsurance, where brokers for one reason or another have not placed a reinsurance line. In some cases, insurers risk discovering gaps in coverage only after claims were filed – resulting in significant challenges.
This issue is not just theoretical. In Peru, there have been instances where brokers disappeared from the market after failing to complete large placements, leaving insurers exposed and prompting increased regulatory scrutiny.
At Pro Global, we’re addressing this challenge by providing independent reinsurance placement verification services for insurers in Peru. Insurers and brokers rely on us to deliver Certificates of 100% Facultative Reinsurance Allocation, confirming that every risk is fully covered.
Bridging the Trust Gap
Our role as a trusted advisor is vital, especially in urgent scenarios where insurers need immediate assurance. By verifying reinsurance allocations, we help mitigate risks, enhance transparency, and foster stronger relationships between insurers and reinsurers.
This service has become indispensable as the market demands higher accountability and stricter audit controls. It also underscores the need for robust enterprise risk management capabilities, which, as AM Best notes, are crucial for navigating Peru’s complex insurance landscape.
A Market of Opportunities and Challenges
While Peru’s insurance sector offers immense opportunities, it also requires meticulous oversight and innovation to address its unique challenges. As we navigate these complexities, Pro Global remains committed to responding to the in-depth pain points that insurers are seeking support with to further the market’s growth and stability.
Further Reading: Ensuring Accuracy in Reinsurance Allocations: Trends in Peru’s Growing Insurance Market (Part 1)
Get in touch to find out more about our services in Latin America.
Name: Alberto de Trazegnies
Job title: Peru Representative
To speak to the Pro Global team please feel free to reach out to us at:
To contact our PR team directly please use the link below
