Lively participation during the webinar ‘Trends and prospects for the insurance industry in Latin America’
5 ( 3 votes )

Manuel Aguilera, General Manager of the MAPFRE Study Service, and José Antonio Herce, Associate Director of Applied Economics at Analistas Financieros Internacionales (AFI), took part in this online seminar which attracted a large number of participants

On May 30 Fundación MAPFRE organized a seminar, transmitted in its entirety over the Web through the CUMES NETWORK, which examined the trends in the Latin American insurance market over the last 10 years and offered a preview of the main trends in the industry this year.

The webinar  was opened by Mercedes Sanz, Manager of the Insurance and Social Protection Area of Fundación MAPFRE, who introduced the two speakers, Manuel Aguilera, General Manager of the MAPFRE Study Service, and José A. Herce, Associate Director of Applied Economics at Analistas Financieros Internacionales (AFI), and expressed thanks for the interest the event had aroused, especially in Latin America.

During the presentations, Manuel Aguilera discussed the main findings of the report “Growth trends in the insurance markets of Latin America for 2016” (PDF, 2,5 MB) prepared by the MAPFRE Study Service, and stressed the increasing penetration of both Life and Non-Life insurance in the region. He also referred to the gradual reduction of the insurance protection gap in Latin America over the last decade, and analyzed the growth forecasts for the different markets.

José Antonio Herce focused his presentation on the phenomenon of the global economic slowdown, analyzing the economic forecasts published for emerging markets and advanced economies. The AFI Associate Director of Applied Economics also centered his comments around Latam and Brazil.

The event attracted approximately 400 registrations, giving rise to a lively Q&A session with the webinar participants, keen to hear the experts’ opinion on a wide range of topics, including the impact of the economic crisis in different regions, the growth prospects for insurance products in Latin America, the trends that are likely to shape the market in the future, and recommendations for persuading governments and insurance companies to reinforce the financial culture in their respective countries.