The National Insurance Institute (INS) created four new companies to face competition in the insurance market.
The firms are called: INS International, INS Services, INS Life, INS Business. With these four corporations and a range of new products, the state insurer is seeking to gain an advantage over its competitors.
Guillermo Constenla, head of the entity, said that the Constitutional Court ruled that the Institute can participate in the international market via a limited liability company.
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.
Operates in Panama
Phone: (507) 225-4445