Panama: Less Growth in the Insurance Sector
During the month of April, growth in new premiums was 4.47%, while it was 27.36% during the same period of 2008.
Friday, June 19, 2009
According to estimates by the Superintendencia de Seguros y Reaseguros de Panama, the accumulated growth for the first quarter of this year shows a gain of 9.02%.
They offer specials such as discounts and vouchers for cosmetic surgery to women who acquire vehicle insurance.
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.
Between January and September insurance sales increased by 8.5% compared to the previous year, totaling $892 million.
Compulsory car insurance for third-party damage has ceased to be a great growth opportunity and become a category of losses.
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