Costa Rica: BCR Insurance Extends Brokerage Services

The company signed insurance brokerage agreements with ASSA and Mundial, becoming the first broker who has signed deals with the country’s five authorized insurers.

Monday, May 17, 2010

“ASSA Compañía de Seguros S.A.”, was authorized to operate in Costa Rica on April 13, and Mundial received its authorization back on February 19.

With these agreements, “BCR Corredora de Seguros” will be able to sell insurance from various companies: National Insurance Institute (INS), Magisterio, Alico, ASSA and Mundial.

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The Insurance Superintendence authorized new products by ASSA and Alico into the market.

Alico will sell Collective Life Insurance while ASSA is offering policies in dollars or colones, to protect movables or real estate against various risks.

As of now, Costa Rica private insurers are offering four different products to the population.

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March 2010

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