Looking to expand its regional footprint, the UK-based international loss adjusting firm closed a deal to acquire claims program management group FGR.
The coffee giant and the microinsurance consortium launched of a pilot weather index insurance program for smallholder coffee farmers in Colombia.
The Brazilian economy is the ninth biggest in the world but the country is only ranked 46th in terms of insurance premiums.
The segment is growing at a double digit pace amid low levels of insurance penetration.
The sales of cars, light vehicles, trucks and buses are now expected to finish this year in the double digits.
Porto Seguro Conecta, the mobile virtual network operator (MVNO) of Brazil's largest insurance group Porto Seguro, announced the end of its operations after five years. TIM, which leased the network, will take over the commercial operation. Porto Seguro said.
Having presented different plans to address failures in mortgage-associated P&C coverage, Mexico's insurer association and the financial consumer protection agency said they are now working to reach a compromise agreement by the end of 2018.
The rate of Brazilian hospitals and health establishments keeping electronic systems to store general patient information reached 81% last year, up from 66% in 2014. But very few of the public ones keep online-only records.