Insurance Market Grows in Guatemala

By September the insurance market recorded a 7.2% increase over the same period in 2009.

Monday, December 6, 2010

Data from the Superintendence of Banks showed a 5.7% increase in property insurance, 9.6% in accident insurance and 9.3% in life insurance.

"Claims from customers who used their insurance by September 2010 increased by 34% compared to September 2009. The biggest rise in claims occurred in policies covering damages," reported Prensalibre.com.

More on this topic

Panama: Insurance Market in March 2015

May 2015

In the first quarter of the year, total premiums in the country totaled $338 million, 5% more than in the same period last year, driven by automobile insurance.

Vehicle insurance is the most in demand, reporting $63 million in premiums from January to March 2015, representing an increase of 11.8% compared to the same period last year.

Insurance in Guatemala Up 7.3%

September 2013

During the first eight months of 2013 insurance market premiums generated $425 million, while in the same period of 2012 the figure was $396 million.

The data was supplied by the Guatemalan Association of Insurance Institutions (Agis), which states that 20% of the market is made up of premiums from life policies, 29% for accident and health and the remaining 51% belongs to damage.

Insurance Market in Costa Rica in 2012

February 2013

A report by SUGESE contains information on Basic Indicators, Market Structure and Participants and Products.

December 2012 Bulletin from the Superintendent of Insurance (SUGESE):

Basic Indicators

The total amount of direct premiums was ¢466.2 billion in 2012, with 69% of that amount corresponding to voluntary insurance.

Panamanian Insurance Market

March 2011

Premiums rose by 9.5% in 2009 and 8.5% in 2010, reaching $ 918 million in total.

Insurance rating company A.M. Best published a report on the insurance sector in Panama, highlighting it as the largest in Central America and noting also that significant growth is expected in the coming years, supported by increased tourism, construction and Panama's efforts to implement transparent financial and tax laws.

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