El Salvador: 12% Less Insurance Sales Expected in 2009
The Commercial Agricultural Insurance Company (ACSA) projects to close the year 2009 with business volume at $65 million, 12% less than expected.
Wednesday, February 11, 2009
Laprensagrafica com reports: “The goal is smaller due to the fact that ACSA works according to the behavior of the economy, which is in crisis,” they indicated.
The country's insurance industry has started the year positively with growth above 15% in the first two months.
Internacional de Seguros and ASSA are the industry leaders of a sector that netted $936 million in premiums in 2011, a 16% growth.
Premiums rose by 9.5% in 2009 and 8.5% in 2010, reaching $ 918 million in total.
Insurers sold premiums worth $273.7 million in the first quarter, largely due to vehicle insurance.
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