While in Costa Rica taxi driver unions are blocking traffic and committing attacks that the government does nothing to repress, in Panama the insurance company Generali is protecting passengers of UBER from problems on their trips caused by mechanical problems.
The private transport company based on the concepts of a collaborative economy has signed a contract with the Generali insurance company so that customers can receive reimbursements for relocation assistance when cars are left stranded due to mechanical faults.
"For the sector's improvement, it will be key to adjust fees for products with high accident rates, as well as more careful subscription"
By the end of June 2009, net premiums had grown at an inflation adjusted rate of 9.8%, although lower growth should be expected for the end of the year, due to worse economic performance. Growth in individual insurance was remarkable (14% average), specially in collective life and accident and health, while general damage insurance saw a 7% increase.
The Panamanian Aseguradores Association (APADEA), is a non-profit organisation, that was created in 1952 with the objective of developing, enlarging and coordinating the activity of the insurance market throughout Panama.
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