Panama insurers report 31 percent increase in first-quarter premiums

Panama-based insurance companies wrote US$236 million in premiums in the first quarter, a 31 percent increase on the same period of last year.

Tuesday, May 27, 2008

Mauricio De la Guardia, president of the Panamanian Insurance Association, said the rate of growth was likely to be maintained in the second quarter as well.

More on this topic

Guatemala: Insurance Market Up 9%

October 2017

The insurers' association has reported a 9% increase in premiums generated in September this year.

Enrique Murillo, executive director of the Guatemalan Association of Insurance Institutions (AGIS), told that "... the total premiums generated in September 2017 is $708 million, while up to the same month last year the figure was $640 million."

El Salvador: Insurance Market to Grow 5%

August 2017

In the first half of the year, net premiums totaled $306 million, and the insurance guild plans to close the year with a total growth of 5% compared to 2016.

Figures from the Salvadoran Association of Companies (ASES) show that 2016 closed with a total of $621 million in registered net premiums, and for this year the projection is to increase them by approximately $30 million.

Panama: Insurance Sector Statistics - December 2015

February 2016

Growth in claims was double the growth in premiums in December 2015 in the Panamanian insurance market.

Premiums in Panama in December 2015 remained at very similar levels to those of the same month in 2014, according to the Insurance and Reinsurance Regulator in Panama. Accumulated premiums last December amounted to $1.385 million, 1.18% more than in December 2014.

Panama: Vehicle Sales Boost Insurance Sector

May 2012

Insurers sold premiums worth $273.7 million in the first quarter, largely due to vehicle insurance.

An increase in the number of vehicles, rising prices for parts and road realignment works are factors in a higher number of claims, which has led to an increase in insurance sales.

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