"How Climate Change and Microinsurance Are Converging in Latam," Latam Insurance Review September 2013

“Climate change brings to Latin America a changing landscape of risk, where a substantial portion of the population lives in poverty,” writes Patrick B. Omilian, an attorney in Goldberg Segalla’s Global Insurance Services Practice Group.

“The livelihood of low-income populations, many of which cannot afford traditional insurance products, is especially vulnerable to severe risks posed by climate change. Enter microinsurance, with its lower premiums and coverage limits than traditional insurance products.”

In this article written for Latam Insurance Review, Patrick examines new products and programs aimed at protecting low-income populations against extreme weather risks, as well as the legal and regulatory challenges that must be addressed in order to introduce and maximize the potential of innovative microinsurance programs across Latin America.

Read the article here: