Costa Rica: Insurance Market up to April 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.

Friday, June 30, 2017

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.   

Compulsory insurance was the main component of growth, with a consequent increase (4.5 pp) in its share of total premiums, in particular the increase in occupational risk insurance (61%). 

Read full report (in spanish).

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Dominican Republic: Insurance Market Increases 29%

September 2019

In July 2019, the branches with the highest growth compared to the same month in 2018 were Health with 56%, Bail Bonds with 41% and Air and Maritime Ships with 41%.

From the Superintendence of Insurance report:

Net premiums collected in July reached RD$6,501,787,017 million, with an absolute growth of RD$1,456,663,584 million and a relative growth of 28.87% compared to the previous year.

Panama Insurance Market - September 2016

November 2016

In the first nine months of the year premium income barely exceeded $1 billion, growing by less than 1% compared to the same period in 2015.

The premiums of insurance companies between January and September totaled $1.023 billion, registering a slight increase of 0.8% or $7.7 million compared with the $1,015 million in the same period last year, according to the Superintendency of Insurance in Panama.

Costa Rica: Insurance Market up to March 2015

May 2015

The reduction of 30% in premium income from compulsory work risk insurance accounted for most of the 8% decline in revenues from total premiums up to March.

In March general insurance and personal insurance maintained the upward trend that had been seen the previous months, with growth rates compared to the same month in 2014 of 6.1% and 8.3%, respectively.

Good year for Insurance Industry in Costa Rica

December 2013

In the last interannual period personal insurance increased by 11%, general by 5% and compulsory by 9%.

From a bulletin on the Insurance Sector in November 2013 by the Superintendency of Insurance:

The total amount of direct premiums collected reached c436,3 billion in November 2013. The involvement of voluntary insurance equaled the average of the last four annual periods - Nov 20l0-Nov 20l3), 73%.

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