Another Insurer in Costa RicaOceánica de Seguros, founded on Venezuelan capital, is the tenth insurance company to be incorporated into the Costa Rican market after its de-monopolization in 2008.Thursday, July 5, 2012
The superintendent of insurance, Javier Cascante, said the company, which is the eleventh to join the insurance market after its opening, will have a joint operating license, for personal and general policies. Source: Nacion.com ¿Busca soluciones de inteligencia comercial para su empresa?Results of Insurance De Privatization in Costa RicaJuly 2012 Four years after the de-monopolization of the market, the National Institute of Insurance holds 91.5% of insurance premiums and 12 private insurance companies have won the remaining 8.5%. Private Insurance in Costa Rica Not Taking OffNovember 2011 Three years since the privatisation of the insurance sector, the state agency (INS) remains the main entity in the market. State Insurance Domination Starts to CrumbleJuly 2011 Three years after removal of the monopoly in Costa Rica, sales by private insurers are growing, although the state insurer, INS, still maintains more than 90% of market share. Progress in Opening Insurance Monopoly in Costa RicaApril 2009 Three foreign insurance companies are requesting permission to enter the market.
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