Amador' Biography

Latin America Class structures and their Insurance education Is Latin America  properly equipped to confront a major natural disaster? Latin America is a continent with one of the highest levels of inequality in the world, where 60% of the wealth lies in the hands of 20% of the population and around 120 individuals boast personal fortunes of over 2,000 million dollars each. By contrast, you then have an average household income of about USD 300 per month. Latin America has gone on a roller coaster in its history and it is frequently described as the land of future.  It is because of this tradition that the whole continent continues to offer great insurance business opportunities as it is experiencing a sustained period of strong growth. However the inequality of their wealth, social and economic class structures and lack of insurance education in more than 80% of their population still prevail”. Then we continue by analysing the social structure and class composition in

http://www.businessinsurance.com/article/20100905/ISSUE03/309059992                                                              Insurance day article                                                                 Lloyd's list announcement https://www.insurancetimes.co.uk/profile/1326090.article                                                             Reaction article                                                           GIC London office                                                          Puerto Rico article                                                            UIB article  Chile Earthquake - 2010 (Business Insurance Article)      Chile Earthquake Highlihts  - BMS Group SSL Endeavour to launch Miami MGA, names senior leadership 13th November 2019 - Author:  Charlie Wood https://www.insuranceprofessionalslatam.com/tag/amador-torrealba/ https://www.reinsurancene.ws/ssl-endeavour-to-launch-miami-mga-names-se

Prospectively, insurers will need to place great importance on professional and disciplined underwriting if they are to benefit from the healthy growth outlook in emerging markets and operate on a sustainable basis. Capital management will also be vital to support growth and comply with tightening solvency requirements. LATAM & ASIA  Insurance perspectives Latin America has experienced strong growth over the past decade and the outlook for the next decade remains promising. Nonetheless, given the expectation of persistent low interest rates at least in the near future, achieving profitable growth will become challenging. Insurance premiums in Latin America have expanded robustly by 6.9% per annum in real terms over the last 10 years, compared with 1.3% growth in industrialized economies.  Outperformance is expected to continue in the next decade and is attracting the attention of global insurers, who look to Latin America and other emerging markets for profitable gr

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                                                                                                      Reinsurance Protection   a must have necessity for the Insurance  business Questions Who benefits from reinsurance? Is Reinsurance about the consumer/original insured and the insurance company or both? Everyone benefits from reinsurance in a big way. Reinsurance for the insurance company Reinsurance is the only mechanism that allows insurance companies to take/insure big risks. It is this reinsurance mechanism that allows them to insure as much as they often do? Without reinsurance they will not be able to. An insurance company never knows when they will have to pay out a loss and to how many people in any given year and how much. They are actually insuring more than they would be able to afford to pay out all at  once, that is when reinsurance comes into their rescue. By reinsuring the amounts they will be able to pass some of the risk on to other ins

My Life in pictures                            What a special Night!!!! March 6th, 2019           Barquisimeto - the City where I was born on 11 March 1962 at 15:02 hours Escuela Experimental  Ven ezuela (primary school)   G ood food and good wine -  always part of my life style High School mates reunion - "good memories" The Rayleigh Golf Club                                                                                                                     The   Burstead Golf Club Rayleigh Golf Club       The Burstead Golf Club Wanstead Golf Club With my father, nephew and niece -  Barquisimeto                                                                                                             My mother in Cabo Roig - Spain My sister and youngest brother