Background on Norma Alicias Rosas and AMIS
Norma Alicias Rosas, the General Director of the Mexican Association of Insurance Institutions (AMIS), has assured the public that insurance companies are prepared for potential disasters caused by Hurricane ‘Erick’. The hurricane is expected to make landfall as a Category 3 storm between Oaxaca and Guerrero on Wednesday night.
Insurance Sector’s Preparedness Measures
Rosas outlined three key actions the insurance sector will take as part of their preparedness protocols in case of any disasters:
- Monitoring Potential Affected Areas: Insurance companies will closely monitor areas that may be impacted by the hurricane.
- Clear Communication Channels: The insurance sector will double their communication efforts to provide clear contact numbers for reporting claims, ensuring affected individuals know how to proceed and protect themselves.
- Follow Authorities’ Instructions: Insurance adjusters will adhere to instructions from security and civil protection authorities, as their guidance takes precedence in the adjusters’ actions.
Rosas emphasized that while it’s challenging to estimate the costs for insurance companies during the 2025 hurricane season, which has just begun, the current hydro-meteorological risk levels are “very similar” to those observed between 1991 and 2020.
Historical Claim Payments
Although there isn’t a precise figure for total claim payments, between 2012 and 2024, insurance companies have averaged around 6.7 billion Mexican pesos in payouts, depending on the specific weather events faced.
Key Questions and Answers
- Who is Norma Alicias Rosas? Norma Alicias Rosas is the General Director of the Mexican Association of Insurance Institutions (AMIS).
- Why is AMIS relevant? AMIS represents the insurance sector in Mexico, and its director’s statements provide crucial information on industry preparedness for natural disasters like Hurricane ‘Erick’.
- What actions will insurance companies take? Insurance companies will monitor affected areas, ensure clear communication channels for claim reporting, and follow instructions from security and civil protection authorities.
- What are the historical claim payments? Between 2012 and 2024, insurance companies in Mexico have averaged around 6.7 billion Mexican pesos in claim payouts, depending on the weather events faced.
