Another Insurer in Costa Rica

Oceánica 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.

Nacion.com quoted the superintendent who said, "... another insurer also of South American capital is in the process of enrollment.

The market continues to grow. Within two years, not taking into account the effect of inflation, growth of direct premiums reached 14%, quite high. Strong figures for a market that we consider small. "

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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%.

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