Panama insurers report 31 percent increase in first-quarter premiums

Panama-based insurance companies wrote US$236 million in premiums in the first quarter, a 31 percent increase on the same period of last year.

Tuesday, May 27, 2008

Mauricio De la Guardia, president of the Panamanian Insurance Association, said the rate of growth was likely to be maintained in the second quarter as well.

More on this topic

Panama: Insurance Sector Statistics - December 2015

February 2016

Growth in claims was double the growth in premiums in December 2015 in the Panamanian insurance market.

Premiums in Panama in December 2015 remained at very similar levels to those of the same month in 2014, according to the Insurance and Reinsurance Regulator in Panama. Accumulated premiums last December amounted to $1.385 million, 1.18% more than in December 2014.

Panama: Vehicle Sales Boost Insurance Sector

May 2012

Insurers sold premiums worth $273.7 million in the first quarter, largely due to vehicle insurance.

An increase in the number of vehicles, rising prices for parts and road realignment works are factors in a higher number of claims, which has led to an increase in insurance sales.

Insurance in Central America: 2015 Outlook

January 2015

Fitch Ratings expects moderate growth in premiums in Costa Rica, increased interest in personal insurance in Guatemala, and stable performance in Nicaragua and Honduras.

From the report "Outlook 2015: Central American Insurance Sector":

Costa Rica:

Moderate growth in premiums

Guatemala Insurance Market - September 2016

October 2016

Since January a downward trend has been noted in premiums receivable by insurance companies operating in the country, reaching $232 million in September.

The report "Quarterly Bulletin of Statistics of the Insurance Business - September 2016" by the Superintendency of Banks of Guatemala, reveals figures from the operation of insurance companies registered in the country, including details on premiums receivable, cash, the financial position of each one and the main items of investment, among other things.

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