Insurance-Related Business Opportunities

With Costa Rica opening its insurance market, opportunities arise for related services.

Monday, August 31, 2009

Even though its effects are just being felt, the end of the insurance monopoly in Costa Rica is seen as a catalyst for the generation of related businesses.

Companies entering the insurance market will need from physical infrastructure to specialized software, as well as administrative and technical personnel, and professional services like appraisers, engineers, lawyers, doctors, etc.

Esteban Ramírez Castro analyzes the situation in his article in, remarking that: "Insurance will generate business and employment, and the ones to benefit the most will be those who carefully study how the industry works".

More on this topic

State Insurance Domination Starts to Crumble

July 2011

Three years after removal of the monopoly in Costa Rica, sales by private insurers are growing, although the state insurer, INS, still maintains more than 90% of market share.

Although the National Insurance Institute (INS) still retains most of the market, private insurers have gradually increased their presence.

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