The Insurance Market in Paraguay

Insurance is regulated and supervised by the Insurance Superintendence which is a Division of the Central Bank of Paraguay www.bcp.gov.py . There are 34 insurers in operation of which the top 5 control 50% of the Life/Non-Life market of USD 440 million in written premium.

Rates, terms and conditions are negotiated freely. Reinsurance can be tailored to meet Global Program requirements provided this is channeled through reinsurers and/or reinsurance brokers registered with the Insurance Superintendence.

ABOUT AIB
We are market leaders in corporate and private insurance brokerage in Paraguay. With 11 branches countrywide, our 40 experts and specialists are well within reach of the over 5.000 clients who have entrusted us their insurance and risk management needs.

Our innovative approach to service is nurtured by a combination of field experience and technology. Our Senior Management team averages 30 years in a business in which experience is of the essence. We do not see ourselves as bystanders but rather your proactive partner in risk management and insurance solutions.

Globalization and increasing Foreign Direct Investment inflows are changing the landscape of our economy. In preparation of more complex insurance and risk management requirements at AIB we have set up an International Division staffed by seasoned experts in Global Insurance Programs and Enterprise Risk Management (ERM).

The abundance of clean renewable energy coupled with the region´s lowest fiscal pressure spawned further expansion of the industrial frontier. Indeed from been primarily agro-industrial the sector has diversified into; motor parts, clothing, barge construction, and ferrosilicon to mention a few.

Services

Insurance

- Property and Casualty All Risks

- Comprehensive Third Party Liability.

- Professional Indemnity

- Group Life & Health

- Agriculture.

- Marine Hull and Machinery

- Inland, fluvial, air and, ocean Marine Cargo.

- Aviation

- Surety

- Construction & Engineering

Advisory

- Risk Management Program design and implementation (ERM).

- Global Insurance Program implementation.

- Fixed Port Operators and Freight forwarders Indemnity.

- Protection and Indemnity.

- Stock Throughput solutions.

- Project Finance Risk Management.

Contact Information

Spanish & Portuguese

Saul Silvero Executive Director - +595 973 609 999 – saul@aib.com.py

Max Lazarotto Executive Director - +595 973 549 949 – max@aib.com.py

Sergio Ballestero Executive Director - +595 981 428 896 – sergio@aib.com.py

English & Spanish

Richard Longstaff - Consultant - +595 974432999 - richard@aib.com.py

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