Costa Rica: Insurance Market - June 2017

During the first half of the year insurance sales grew by 17% compared to the same period in 2016, explained by a general increase in all types of policies.

Tuesday, August 15, 2017

From the Monthly Bulletin by the Superintendent of Insurance:

In June 2017, insurance premium income grew by ¢59.9 billion (16.7%) compared to the same month in 2016, closing at ¢418 billionGrowth was generalized by category and, in all cases, higher than the main price and production indicators. Compulsory insurance was the main component of growth, with a consequent increase (4 pp) in its share of total premiums. The increase was especially noteworthy in work risk insurance policies (49%).

Most of the major voluntary insurance lines grew and above the price and production indicators, except for automobiles and fire and allied lines, which, in dollars, presented a fall. The categories of Health and Other damage to property were the ones that contributed most to the total increase and, together with Civil Liability, are the categories whose participation increased.

Read full monthly report by Sugese.

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Costa Rica: Insurance Market up to April 2017

June 2017

The increase in the mandatory insurance segment is responsible for most of the 20% growth recorded in premiums in the first quarter of the year compared to the same period in 2016.

From a report by the Superintendency of Insurance:

In April 2017, insurance premium income grew by $94.5 million (20.5%) compared to 2016, closing at $558 million. Growth was generalized by category and, in all cases, higher than the main price and production indicators.   

Costa Rica: Insurance Premiums Up 16% in 2016

January 2017

Voluntary insurance made up the main component of growth compared to 2015, with a consequent reduction in the share of compulsory insurance.

From a monthly report by the Superintendent of Insurance:

In 2016, revenues from insurance premiums grew by ¢90.7 billion (16%) compared to 2015, closing the year at ¢655 billion. Growth was widespread by category and in all cases, higher than the main macroeconomic indicators. 

Costa Rica: Insurance Market in September 2016

November 2016

Income from insurance premiums grew by 15% compared to the same month in 2015, reaching $924 million.

From the Monthly Bulletin by the Superintendent of Insurance:

Income from insurance premiums grew by 15% compared to September 2015, reaching ¢497 billion colones. Growth remains widespread by category and personal insurance is still the most dynamic category. The contribution of compulsory insurance, as explained in previous bulletins, responds to the increase in SOA in January 2016 due to accounting changes because RT premiums decreased by 20% year on year.  

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.

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