First Regional Parametric Insurance Workshop for Regulatory and Supervisory Authorities in Latin America and the Caribbean
On 11 October the first regional parametric insurance workshop for regulatory and supervisory authorities in Latin America and the Caribbean was hosted in Guatemala, organised by the Microinsurance Catastrophe Risk Organisation (MiCRO) under the auspice of the Inter-american Development Bank as administrator of the Multi-lateral Investment Fund (FOMIN), and with the support of the Access to Insurance Initiative (A2ii), the Global Index Insurance Facility (GIIF), Swiss Re and the International Research Institute for Climate and Society (IRI).
Through five panels comprised of national and international experts as high-level representation of a variety of public and private sector entities, the opportunities and challenges of parametric insurance were presented, together with examples and lessons learned from around the world. The workshop was a unique opportunity to create awareness on these types of products and tools in order to promote their development in the region.
The workshop attracted more than 80 participants from Latin America, North America, Europe and Africa. The relevance and success of the workshop presents the opportunity to plan for the second regional workshop on parametric insurance next year.
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