Costa Rica: Insurance Market in September 2016

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

Wednesday, November 23, 2016

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.  

All companies in the category of personal insurance grew, year on year, by between 23% and 132%, therefore the performance of this category is the result of generalized dynamics, except for the case of Seguros del Magisterio which showed a decrease of 4, 5% in the period.

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