Insurance companies in Mexico have registered an increase in the payment of claims of 4.8% compared to the same period corresponding to the year 2021, with the life insurance sector, which registered the highest payment to its policyholders during this increase, however, there was also an increase in cargo insurance.
According to data provided by the Mexican Association of Insurance Institutions (AMIS), during the third quarter of 2022 (July – September) payments of about 307 billion Mexican pesos were processed to its users.
Insurance companies and the increase in accidents in cargo transport.
Insurance companies have been facing an increase in the payment of claims due to accidents related to cargo transport, one of the sectors that has undoubtedly required efficient coverage that responds immediately to the misfortunes that may arise at any given time.
As an excellent example of the latter we can mention the thousands of cargo vehicles destined to carry out logistical tasks that have been involved in road accidents in recent years. Misfortunes in the maritime sector are also no exception to the rule, since, as a result of the war between Russia and Ukraine, there have been regrettable situations in which cargo ships have been shot down while sailing in waters close to the battle zone..
As a result, the increase in the contracting and payment of insurance claims focused on this type of maritime transport, after suffering accidents of this nature, continues to be a trend during this 2023, especially taking into account the fact that accidents can also occur in any scenario outside the war context.
When we talk about accidents in cargo transport or logistics sector in general, we cannot forget the aviation industry, in which we have had worrying incidents such as the giant DHL, which suffered significant economic losses during the malfunction in one of its aircraft, which caused a forced landing at the Juan Santamaría International Airport. in Costa Rica.
In short, the combination of these claims in the different means of transport, added to the damage to reputation and sustainability of companies dedicated to logistics business, have been more than enough reason to increase hiring and register a greater number in the payment of claims after any incident has occurred.
The importance of having reliable insurance
Undoubtedly, the payments made by insurance companies definitely deserve to be monitored by competent bodies in order to have an accurate “map” on the evolution in these cases. The latter highlights the growing need for competent insurance that provides the expected results against any misfortune.
At Onus Insurance we have experts who work tirelessly with the most prestigious brands in risk detection in order to provide you with the best coverage packages perfectly adaptable to your logistics operations. Contact us for more information about the most complete catalog of services designed for your specific needs as a company.
Sources:
Insurance industries paid $307 billion pesos to their customers. Latino Insurance
Insurance industries paid $307 billion pesos to their customers. Punctual
