Regional Director, Caribbean and Latin America Region, RMS
As regional director for RMS, Victor Roldan is primarily responsible for introducing catastrophe modeling to the Latin American insurance industry.
He works with clients in the region to implement innovative pricing, as well as optimize capital, and create portfolio management solutions based on a deep understanding of catastrophic risk powered by the RMS Cloud Platform.
With a strong background in IT, Victor is one of the leaders in the Latin American Insurtech industry, and was part of the original team that launched Quepasa.com, the first Spanish language portal. He has served as regional vice president and GM of Mitel Latin America and Caribbean Division, where he led the transformation of the Latin American business from infrastructure to Cloud and SaaS services. He was responsible for overseeing operations, direct and channel sales, resellers, and partners in more than 22 countries.
It has been a brisk start to the Pacific Hurricane Season. Within the first two weeks of June, there have already been two hurricanes off the Pacific Coast of Mexico recording Cat 4 maximum sustained winds on the Saffir-Simpson Scale. On June 7, Hurricane Aletta, tracking far off the coast of southern Mexico, saw a period of rapid intensification with winds doubling to 140 miles per hour (220 km/h) within 24 hours before weakening and dissipating. The second named hurricane, Hurricane Bud had a similar intensification, going from 50 miles per hour (80 km/h) on June 10, to 132 miles per hour (212 km/h) some 24 hours later. Bud’s legacy now looks to be a weekend of heavy rain over the Baja California peninsula. For the North Atlantic Hurricane Season, the hurricane tally stays at zero.
So, lots of activity already in the Pacific, but overall, how different is storm activity on the Pacific compared to Mexico’s Atlantic Coast? RMS estimates that for Mexico, around 40 percent of the annual average loss from wind comes from the Pacific. To evaluate the complete hurricane risk for Mexico, the upcoming Version 18 release of the RMS® North Atlantic Hurricane Model will model both the Atlantic and Pacific coasts.
Victor Roldan, regional director – Caribbean and Latin America, RMS
I live in Brickell, in the Financial District of Miami, in a condominium block of some 30 stories on Brickell Bay Drive and SE 12th Street, very close to downtown Miami. The block faces the waterfront, four blocks from the Four Seasons, with the Mandarin Oriental just over the water on Brickell Key. This is an area that the insurance industry knows well, with many RMS clients operating their Latin American and Caribbean business from offices in and around a square mile from here.
I have lived in Miami for the past 15 years, and it is a great city. Similar to most Miami residents, I have experienced hurricanes, I know the difference between a hurricane and a major storm, and in my view here from my block some ten floors up, and despite of being 130 miles away from the eye, this is the worst I have ever seen. My family is safe, they are out of the state.
It’s not as if a great evening at the Ritz-Carlton Coconut Grove in Miami with my peers and colleagues wasn’t special enough, but to collect the prize at the Reactions Latin America awards dinner for “Latin America Risk Modeler of the Year” was very special. I would like to personally thank the panel of judges who represent some of the leading figures in the region’s insurance and reinsurance market for the award.