The Panamanian insurance industry closed 2013 with $1.244 million in premiums, while in 2012 the figure was $1.138 billion, which represents an increase of 9.2%.This figure is the highest in Central America.

"In regard to claims, these grew by 4.7%, totalling $544.5 million, while in 2012 closed with payouts of $521 million."

"... By 2014 the industry will have more moderate development, due to the completion of major infrastructure projects and the fact that the country will be immersed in an election year."

"It is also anticipated that some adjustments will be made, such as in the case of premiums for cars and the fire in the area of ​​the Colon Free Zone, which could see an increase of up to 40% and 100% respectively."

Source: Capital.com.pa

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