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Latin America an important engine of growth: how active risk management can play a part in its success

Launching new models for socio-economic development and sustainable growth are key issues for Latin America, and re/insurance can play an important role. During WEF Latin America 2012, Swiss Re shows how.

In spite of age-old struggles with poverty, crime, corruption and radical political shifts, Latin America is becoming known for its  strong moves to spur growth and progress, supported by innovative social, agricultural  and renewable energy achievements. These contradictions make the region a progressive candidate for new models to address the course of world affairs.

The World Economic Forum is holding its annual regional event in Latin America in Puerto Vallarta, Mexico on the theme “Regional transformation in a new global context." This takes place at the same time as important preparatory meetings for the G20 are being held. Risk management is a strong contributor to the creation of stable, prosperous societies, and Swiss Re is on location to highlight what re/insurance can do to support the region.

Risk management key to attracting investors

Solid risk financing solutions attract more investment in infrastructure and industry. They can also help lower the impact of natural catastrophes, speed up recovery after a natural disaster, and get the economy moving again. In the framework of Mexico’s B20 task force on food security, we will be discussing what more can be done to support farmers through affordable, effective safety nets.
We will also illustrate how innovative risk management solutions can help disadvantaged societies take their first steps out of poverty with a view to building the middle classes of tomorrow. One example is the award-winning MiCRO programme covering women entrepreneurs in Haiti against natural catastrophe’s and cholera.

“Swiss Re has been active in Latin America for more than a hundred years, but at no time in history have the opportunities for change and development seemed more promising than today,” says Ivan Gonzalez, Latin America Head Corporate Solutions. 

"A period of secular economic growth is driving strong demand for more complex and specialized risk management products resulting in increased requirements regarding capital, underwriting know-how, product innovation, resulting in a higher profit potential.  Swiss Re is well positioned to capitalize on these opportunities."

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Published 16 April 2012

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