“…In fact, several studies highlight aspects of private investments and its risks minimization, such as regulatory and institutional frameworks, business climate and financial facilities, among others (Coller Capital, 2013;The Economist, 2014). Similarly, some research emphasize the role of the insurance sector to avoid economic losses due to the negative effects of natural and industrial disasters (Joein & Luo, 2015;Carvallo, 2012;Pissera, 1997). While others focus on the sustainable development in Latin America regarding investment stability (PwC, 2014) and the impact that natural disasters have on firms, mainly on SMEs (Keipi et al, 2005;UNDP-GAR, 2013;Sarmiento et al, 2013;.…”