Risk Management: Brick by Brick

Building Insurance Markets in Latin America: Opportunities and Challenges with Hugues Bertin

Nov 20, 2024

12:08

On the latest episode of Risk Management: Brick by Brick, Jason Reichl is joined by Hugues Bertin, a French actuary who has spent the last 20 years in Latin America. As the president of the Pan American InsurTech Alliance (AIP), Hugues shares insights on the unique challenges and opportunities in the Latin American insurance market.

In this episode, Jason and Hugues explore the stark differences between insurance penetration in Latin America versus developed markets, the impact of climate risk, and the transformative potential of InsurTech in the region.

To find out how TrustLayer manages risk so that people can build the physical world around us, head to TrustLayer.io.

Podcast Host: Jason Reichl

Executive Producer: Don Halliwell

Episode Highlights:

00:00 - Intro
00:35 - Hugues' Background in Latin America
01:15 - Insurance Climate in Latin America vs. North America
02:10 - Market Growth and Middle Class Evolution
03:00 - Three-Pronged Approach to Market Development
04:20 - Insurance Penetration Challenges
07:30 - Market Resilience and Adaptability
08:00 - InsurTech Chile and Regional Collaboration
09:10 - Financing Challenges for InsurTech
10:00 - Regulatory Environment and Stakeholder Collaboration

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Previous guests include: Seth Hausman of Kraus-Anderson Insurance, Matthew Meyer of The Horton Group, Diana Rich of Foundation Building Materials, Christy McHenry of Suffolk Construction, Mark Rieder of NFP, and Cory Mangum of Primoris Services Corporation.

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