Juan Raúl Aguilar
in Central America
Wednesday, December 15, 2010
The coming into effect of the new Law on January 1st, 2011, would incite the creation of more insurance products geared towards individuals.
Insurance in Guatemala has now a 7% penetration, a very low percentage compared to other Latin American countries where it reaches 25 to 30%.
Monday, June 7, 2010
The Finance ministry suggested the State to acquire insurance to protect public infrastructure.
Minister Juan Alberto Fuentes Knight argued that the country is vulnerable to climate change, and remarked that the State should also generate reserve funds and negotiate precautionary loans.
Thursday, May 13, 2010
Congress could pass a new insurance bill on Thursday which would allow the participation of foreign insurers.
Juan Raúl Aguilar, president of the Guatemalan Association of Insurance Institutions, was interviewed by newspaper El Periódico. He discussed the changes introduced by the bill and how it will shape the insurance market.