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%.
Privatization has attracted several foreign insurers and consumers are already benefiting from freedom of choosing between different options.
Auto policies are the fastest growing category, with an increase of 14% so far this year compared to 2013.
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.
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.
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