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Settlement Class Members who file a valid and timely claim will receive an equal share of the $4,950,000 USD Settlement Amount,

The amount represents claims for 5,158 insured risks, including real estate, public transport, private goods, vehicles, and cargo. According to Fasecolda, insurers expect to pay $154.7 billion pesos on 1,850 private risks, and $60.7 billion on 347 public-sector risks.

FRISS and Guidewire Software, Inc. (NYSE: GWRE) announced last week that SURA Colombia (SURA) has deployed its integrated claims fraud detection program for motor personal lines with the FRISS accelerator for Guidewire ClaimCenter. According to FRISS, SURA Colombia is the first...

The technology tool allows policyholders to interface with company staff through video calls on WhatsApp to streamline their claims.

McLarens, which provides provides claims management, loss adjusting, surveying, and auditing, has offices in Bogotá, Medellín, and Cali.

The sustainability and profitability of compulsory auto liability auto insurance (SOAT) in Colombia will depend on the insurance industry’s effectiveness at stopping the upward trend in claims, which is being driven by technical fraud, the increased share of motorcycles in...