Number of insurance policies for burglary increases in Costa Rica

Greater numbers of families and businesses are insuring their homes and businesses against burglary.

Monday, September 1, 2008

The information from the National Insurance Institute (INS) which compares sales from the first semester of 2005 with the same period in 2008 show an increase of 11%.
From 2005 to 2008 the number of insurance policies against burglary that were sold increased from 2,450 to 2,700.

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Demonopolization of Mandatory Auto Insurance

January 2015

The Superintendency of Insurance in Costa Rica is planning to start the process of opening up the market for compulsory automobile insurance in the first quarter.

In order to liberalize the market for compulsory automobile insurance, there first needs to be a review and approval of a decree which will focus on the regulation of the sale of insurance from the National Insurance Institute (INS) to private companies.

Increase in Sales of Health Insurance in Costa Rica

November 2014

Between January and September revenue from sales of these policies increased by 74% compared to the same period in 2013, with the sale of group insurance policies to companies being the factor driving the growth.

According to data from the Superintendent of Insurance, in January-September, the sector as a whole has accumulated $116 million in premiums for such policies.

Insurance Trends in Nicaragua

September 2014

Auto policies are the fastest growing category, with an increase of 14% so far this year compared to 2013.

Lack of a culture of prevention is preventing the emerging Nicaraguan insurance market from achieving high growth rates in most policies. Car policies are the most sought after, but those for life, property and health are growing slowly.

The New Insurance Market in Costa Rica

May 2012

Privatization has attracted several foreign insurers and consumers are already benefiting from freedom of choosing between different options.

From 1924 to 2008, insurance was a state monopoly. Although this scheme was useful to the country and society in the twentieth century, it was impossible to continue in this way in a globalized market.

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