El Salvador: 15% increase in insurance expected
The Salvadoran insurance industry appears to be highly capitalized and technical, but it will not escape the effects of the crisis.
Thursday, January 15, 2009
Laprensagrafica.com reports: "There will be pressure on policies, an increase in insurance prices," said Agata, during the annual conference of reinsurers sponsored by the Salvadoran Association of Insurance Companies (ASES).
In the first five months of the year, the insurance market recorded an increase of 8% compared to the same period in 2011.
Under the new law, about 80% of vehicles will have to pay between $ 30 and $ 40 worth of insurance.
In the first semester, total equity for the 18 companies summed $216 million.
The Salvadoran Association of Insurance Agents maintains that the crisis is creating an atmosphere of uncertainty, hence it is important to seek advise regarding the topic of insurance.
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