Panama insurance sector slows down

After maintaining a average rate of growth of 32%, the increase in August was not 7.36%.

Wednesday, October 8, 2008

The rhythm of growth in the insurance industry fell in August from the level that it enjoyed during the first seven months of the year, which was above 30% in terms of income from premiums.
In August the market grew by only 7.36%, after having grown at rates of up to 37% during the first three months of the year. Meanwhile, claims went up by 52.77% for the same month.

More on this topic

Costa Rica: Insurance Market up to October 2016

December 2016

Income from insurance premiums grew by 16% compared to the same month in 2015, reaching $1.021 billion, in a market with great growth potential.

From the Monthly Bulletin by the Superintendent of Insurance:

Compulsory insurance tending become more stable. The SOA, as explained in previous bulletins, showed a sharp increase in December 2015 to January 2016 (<236 100 000 000) due to a change in the accounting records, but in the rest of the year its growth every month has been close to the average, which maintained very high annual growth, but is tending to become more moderate.  

Outlook for Central American Insurance Industry in 2013

January 2013

Fitch estimates that premiums in the region should grow measuredly, with the greatest dynamism seen in Costa Rica, the second insurance market in the region.

A statement from Fitch Ratings reads:

Fitch Publishes 2013 Prospects for the Insurance Sector in Central America.

$1 Billion to Be Raised by Panamanian Insurance Industry

April 2011

The country's insurance industry has started the year positively with growth above 15% in the first two months.

The insurance sector grew by 8.46% last year, reaching $918 million, meaning that if this year's trend continues the sector could be worth more than $1 billion by the end of 2011 according to the head of Panama's insurance regulator, Luis Della Togna.

Insurance Industry El Salvador: 'Solid Before the Storm'

October 2010

Fitch Ratings highlights the liquidity of the insurance market in El Salvador for the first semester.

At the end of the first half of 2010, liquidity in the Salvadoran insurance market was far superior to that of other Central American countries, and even recorded an improvement over the end of the first half of 2009.

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