latin america

At the July 1st 2026 reinsurance renewals property catastrophe excess of loss programmes in Latin America (LatAm) saw rate reductions fall in the range of 15% to 20%, while parametric products gained significant traction across the market, reports broker Howden Re.

The Dominican Republic has become the first country in Latin America and the Caribbean to fully integrate parametric insurance into its adaptive social protection system, utilising a solution developed by the Tripartite Agreement, a public-private partnership between the Insurance Development Forum (IDF), UNDP, and Germany’s BMZ via the InsuResilience Solutions Fund (ISF).

According to Fitch Ratings, recent catastrophe bond and insurance risk letters (LRS) issuances within Latin America represent a strategic opportunity to expand and sophisticate the regions’ insurance debt market.

There is a growing opportunity for further use of catastrophe bonds and insurance-linked securities (ILS) in Latin America, with Brazil’s first ILS deal recently setting a positive example, Fitch Ratings has explained.

The Inter-American Development Bank (IDB) and IDB Invest have unveiled a major expansion of disaster risk financial instruments designed to enhance the use of reinsurance and the capital markets for risk transfer across Latin America and the Caribbean.

The Inter-American Development Bank has been discussing new disaster risk financing instruments to assist countries in Latin America and the Caribbean to recover after major natural disaster or weather events. A disaster fund has been discussed and is one of the options on the table. Other instruments which have been discussed are contingent capital type […]

A new set of indicators published by the Inter-American Development Bank (IDB) show that while some progress in disaster risk management has been made in Latin America and the Caribbean more needs to be done to reduce risks and prepare government finances to respond to natural catastrophes.