Latin America: Land of opportunities for insurers

Latin Trade spoke exclusively with Daniel Revilla, Latin America Head for insurace giant Lloyd’s By David Ramirez “Latin America is a very interesting growth market and an incredibly attractive place for business,” Daniel Revilla told Latin Trade. His words are a great way to summarize the renewed interest of international insurers to expand their business in the region. The relative dynamism of economic growth in Latin America, together with the low insurance penetration rates (1.8 percent of GDP, compared to 4 percent in the US) bring about an “enormous long-term potential,” according to the executive. In recent years, Lloyd’s has increased its activity in the region by opening new offices in Mexico and Colombia, which adds to its previous presence […]