Interoceánica says auto insurance sales up 85 percent
Panama's Interoceánica de Seguros reports that its auto insurance sales have increased by 85 percent so far this year compared with the same period of 2007.
Monday, June 9, 2008
Salvador Morales Baca, the company's general manager, said auto insurance was a risky though profitable business.
"Interoceánica de Seguros", an insurance company, launched a new corporate identity, and is now called "Seguros Suramericana".
Suramericana de Inversiones, from the Antioqueño Business Group, could increase its share participation in Interoceánica de Seguros, its competitor.
In Panama statistics up to the month of July 2012 show an increase of $63 million in motor vehicle claims, which means an increase of 22% compared to July 2011.
During the month of April, growth in new premiums was 4.47%, while it was 27.36% during the same period of 2008.
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