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Latin America Region Offers Insurance Industry Opportunities

Latin America is a dynamic market offering the insurance industry opportunities to forge new paths for greater penetration within selected sectors.  Insurance industry in-roads with Latin American countries will need to focus on product development, geographic diversification and strategic partnerships.

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China Belt & Road Initiative Presents Global Insurance Opportunities

A contract of highway construction has been lately entered into between China Communications Construction Co., Ltd. and the government of Republic of Serbia with the investment of approximately $520 (USD) million.  The Hungary section of Hungary-Serbia railway is estimated to start by the end of 2020.  Another major project of China-Uzbekistan natural pipeline also has officially launched in the city of Bukhara.  All these ongoing projects are deemed to bring about a greater need for insurance in the construction, property, and cargo sectors.  



Infrastructure Opportunity? China’s Belt and Road Initiative

China’s Xi Jinping launched the One Belt, One Road Initiative as a foreign policy mandate in 2013.  The ambitious investment strategy intends to stimulate Chinese and global economic growth.  Deemed to be a “mega infrastructure project,” the initiative targets investment primarily in transportation and energy sectors, including roads, railways, ports, bridges and power grids.  Commercial insurance may experience subsequent growth in project-related premium income throughout one of the world’s largest, fastest growing insurance markets.



Protecting Law Firm Partners’ Assets

Professional indemnity insurance provides protection for law firms against claims arising from alleged negligence or breach of duty in the delivery of their professional legal and advisory services.  The frequency and severity of these allegations continue to rise, as does the expense associated with defending the matters.  These escalating costs lead us to ask the question: Do law firms have sufficient levels of Professional Indemnity Insurance in place?



Australia Professional Lines – Legal Expense Cover the New Normal

2017 marked the 25th anniversary of the establishment of the class action statutory regime in Australia.  Class action proceedings are on the rise in growing industry sectors as claimants seek restitution of alleged corporate misconduct or operating behavior.  Award settlements are skyrocketing into the tens of millions of dollars pressuring corporate bottom-lines to bear the financial burden of award costs.