Advanta News

ADVANTA will Inaugurate the Discussion on Recurrent Problems During the 2017 Hurricane Season

ADVANTA will Inaugurate the Discussion on Recurrent Problems During the 2017 Hurricane Season

The topics associated with the 2017 natural catastrophes will draw the attention of the 4th Edition of the LatAm Claims (re) Insurance Forum, to be held from June 11 to 14, 2018. 2017 was a year of intense activity for the Insurance industry due to the multiple occurrence of hurricanes, earthquakes, and forest fires that took place worldwide. In the particular case of the Caribbean basin and the Gulf of Mexico, five major catastrophic events battered the region in the span of four weeks, resulting in an unprecedented challenge for the industry and for the areas impacted. These events tested the solvency of the insurers and the capabilities of service providers, especially those dedicated to handling claims. 

The various round tables of this year's Forum will emphasize the importance of reliable contingency plans for insurers, brokers, consultants and adjusters. The discussion will be propitious for the participants to share the lessons learned in situations that were extraordinary and challenging. One of the most interesting aspects will be a discussion entitled "Recurring Property Problems after HIM (HARVEY & IRMA & MARIA)", which will take place on Wednesday, June 13, 2018, and in which José Miguel Varela, ADVANTA’s Regional Director of LATAM and the Caribbean, will offer an insightful perspective from an International Loss Adjuster. 

The experiences shared by different Reinsurers and by loss adjusters such as ADVANTA will provide the attendees with an opportunity to discuss strategies to be implemented in future scenarios of this nature, which, due to climatic changes are expected to occur with increased frequency. Likewise, attendees will be able to express their points of view regarding the regulatory framework of the different territories and the advantages and disadvantages that they identified in the massive NATCAT events of the past year. Moreover, the Forum discussion will highlight how international insurance programs have worked and provide insight on how multiple insurance acted simultaneously. 

The LatAm Claims (re) Insurance Forum 2018 has become the key event for the insurance industry in the region, a platform where the most relevant actors meet to discuss their opinions and exchange experiences from increasingly complex and challenging operations. Within the framework of this event, ADVANTA will present the group’s latest developments in the regional such as the opening its new office in Colombia and consolidation of its network of associates with the recent inclusion of Panama and Chile. 

ADVANTA’s Regional Office of LATAM and the Caribbean, based in Miami, has continued to experience constant growth, adding new professionals to its team of consultants in response to the demands of the insurance market and confidence they have vested in ADVANTA’s delivery of service and performance. 

In the fields of construction and energy, ADVANTA Miami has adjusters who are accredited by IMIA (International Association of Engineering Insurers), IRMI (International Risk Management Institute), GARP (Global Association of Risk Professionals) and is affiliated with OILPERA (Oil, Petrochemical and Energy Risks Association), among other renowned institutions in the industry. 

José Miguel Varela, is a Petroleum Engineer with specialization in Reservoir Engineering, and an MBA with concentrations in Corporate Finance and Global Business. José Miguel focuses on claims related to oil & gas, petrochemicals, power generation, as well as business interruption and liability. José Miguel oversees the Miami Office and provides valuable support to our associates and offices within Latin America, predominantly in the Caribbean and Central America. 

Miami office can be contacted at miami@advantaglobal.com.

José Miguel Varela can be contacted at jmvarela@advantaglobal.com.