Accident Insurance: Sales up 7%

In the first eleven months of 2019, premiums were written in the country for Ch$1,395 million, and sales of personal accident insurance grew 7% over the same period last year.

Monday, February 10, 2020

Figures of the General Comptroller of the Republic detail that between the first eleven months of 2018 and the same period of 2019, fire and multi-risk insurance premiums recorded a 10% increase.

On the other hand, automobile premiums decreased in 2% for the periods in question, and in the case of personal accidents the increase reported was 7%.

Regarding the amount disbursed for claims, between January and November 2018 and the same period last year, an increase of 4% was reported, going from $660 million to $689 million.

See full report (in Spanish).

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Insurance: Panamanian Market Not Rebounding

January 2020

In the first ten months of 2019, premiums of $1,265 million were subscribed in the country, 2% more than reported in the same period of the previous year, a rise that is less than the 5% year-on-year variation reported up to October 2018.

According to the last report of the General Comptroller of the Republic, between the first ten months of 2018 and the same period of 2019, fire and multi-risk insurance premiums recorded a 12% increase.

Insurance: Panamanian Market Increases to 5%

September 2019

From January to July 2019, premiums of $910 million were subscribed, 5% higher than the $864 million reported in the same period of 2018.

According to the most recent report of the General Comptroller of the Republic, between the first seven months of 2018 and the same period of 2019 the premiums of the branch of fire and multi-risk insurance registered a 17% increase.

Insurance in Panama: Market Figures up to 1st Semester

August 2019

Between January and June 2019, premiums increased 4% compared to the same period in 2018, partly because of a 5% increase in health policies and 6% in group life insurance.

The latest data published by the General Comptroller of the Republic indicate that between the first half of 2018 and the same period of 2019 the premiums of the branch of fire and multi-risk insurance registered a 12% increase.

Insurance Market Continues to Rise

June 2018

In Panama during the first four months of the year $491 million was written in premiums, which is 3% more than the $375 million reported in the same period in 2017.

Statistics from the Superintendency of Insurance show that during the first four months of 2018, the three insurance companies that wrote the largest proportion of these premiums were Assa Compañía de Seguros, Compañía Internacional de Seguros and Mapfre Panamá, with 20%, 17%, and 16%, respectively.

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