In four years, production increased from 150 million liters to 200 million liters, while annual per capita consumption has increased from 93 to 100 liters from 2012 to date.
Although yet to reach 135 million liters per year recommended by the World Health Organization, preference for consuming milk shows an upward trend among Panamanians, which creates opportunities in the livestock sector which dedicated to dairy products.
The country's new insurance law restricts which products agents can sell but the restrictions do not apply to brokers.
Insurance agents, due to their contractual relationship with insurance companies, can only offer their products. However, they may do this with different insurers at the same time, provided that these companies' products belong to different categories.
The Costa Rican regulating entity granted the insurance company approval to market their insurance policies today.
The general manager of the Magisterio life insurance company, Georgina Díaz, reported that the company is in the phase of the process in which they can notify the public and conduct marketing for their services.
Beginning in June, Seguros del Magisterio SA (Teacher’s Insurance) will be the first competitor for the INS, offering eight personal insurance policies.
The new insurer, owned by the Teacher’s Life Insurance Society reported that transactions will begin no later than the second half of July, thus becoming the first competitor for the National Insurance Institute.
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