Reinsurance in Chile, Key Trends and Opportunities to 2019

Date: 2015-11

“• There were 133 foreign reinsurers and one domestic reinsurer operating in the segment as of 2014. There were total 57 reinsurance brokers operating in Chile in 2014, of which 32 were domestic and 22 were foreign.

• Due to the frequent occurrences of natural disasters, reinsurance plays a crucial role in the Chilean insurance industry, and forms an integral component of the country’s risk management plans.

• Leading reinsurers include Caza Reseguradora, Metlife Chile Reseguros, Munich Re America, Ohio National Reseguros and Swiss Re.

• On June 19, 2015, AACH commissioned a new Chilean seismic risk map which was developed by seismic experts from South America, Japan, Norway and the US. The map aims to make more accurate calculations on insurance premium and reinsurance reserves.”

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