Qualitas Insurance begins operations in El Salvador
Qualitas Insurance company, of Mexican origin, announced yesterday that it will begin to operate in El Salvador after carrying out a feasibility study.
Wednesday, December 3, 2008
Qualitas started to process its license at the middle of last year when its presented the corresponding paperwork and request to authorities in order to obtain authorization to enter the country and to operate as an insurance company specializing in car insurance.
The Mexican firm has received authorization to operate in the Costa Rican marketplace.
Rules have been published in Costa Rica which must be followed by any private insurance company willing to sell mandatory vehicle insurance, which until now could only be issued by the state run insurance company.
Income from voluntary insurance premiums grew by 18% in relation to June 2015, reaching $490 million.
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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