The expansion of insurance in the last century has been of such magnitude, covering more and more risks, that today it would be almost impossible to imagine the functioning of our society without them.
Who would dare to build a building without a cover in case of collapse? Who would put a plane in the air without insurance to compensate its passengers in the event of an accident? Would we hit the road even at the risk of having to pay out of pocket for a claim with another vehicle? We cannot imagine how we would live without insurance, but we can see, in specific cases, how the existence of insurance has helped to resolve a situation that would otherwise have had a dramatic end.
Microinsurance fighting poverty
Logic would lead us to think that in a land where people work to cover basic needs, insurance has no place, however, nothing could be further from reality. To adapt to economically developing regions, the industry has created so-called microinsurance, which are proliferating especially in Latin America, Africa and Asia.
We are talking about insurance created to protect people with few resources against very specific risks – such as accidents, illnesses, deaths in the family, natural disasters and loss of assets – in exchange for the payment of very low premiums, adapted to their specific needs and abilities. of payment. This system allows, for example, small African farmers to insure their crops, at least partially, against catastrophic losses that could otherwise ruin them. The insurance covers them against drought, excess rain and illness in exchange for a minimal premium.
Campofrío, the factory that rises from the ashes
On November 16, 2014, a fire reduced the Campofrío factory in Burgos to ashes, and with it, the jobs of a thousand people. What was undoubtedly a black horizon for the company, took a turn thanks to the insurance policies that the management had taken out. Campofrío had insured both the ship and the inventories and the loss of profits in the event that an accident forced them to stop their activity. The amount received will help rebuild the new factory and cover part of the losses caused by the stoppage in production.
The Belón family and the plane that rescued them from the tsunami
His story went around the world through the eyes of the film director Juan Antonio Bayona. The Spanish María Belón and her family were just one of the thousands of people who suffered the consequences of the tsunami that devastated Thailand in 2014 but her story, fortunately, had a happy ending. Beyond the fortune of surviving the impact of the wave and the first care provided by local doctors, to get out of this difficult situation the Belón family had the support of the insurance company that brought them back home. At a time when communications in the country were practically blocked and health care overwhelmed, the family’s insurer made a medical aircraft available to her so that María Belón, who suffered multiple injuries, could return home and be treated for her injuries. her. Insurers around the world paid more than € 50 million in travel insurance as a result of this catastrophe.
Read More: 7 Incredible Insurance Cases
Muy interesante pero yo trabajo por dias que me salgan ya que mis documentos están en procesos legales y aún no me ha llegado el permiso de trabajo ni el socia,si puede ampliar más la información se lo agradecería,Buenas tatdes