According to figures from the Superintendency of Insurance (SUG), between January and August this year, insurers paid out a total of $34 million in claims for health and accident insurance.

"Of the total paid in the past eight months, 73.2% was disbursed by the National Insurance Institute (INS), 24.7% by Pan American Life Insurance, and the remaining 2.1% corresponded to all other companies." reported Nacion.com.

"During the 2013, although it continues to grow, the sector has experienced a slowdown in the total amount of premiums placed with respect to 2012."

Source: Nacion.com

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