Dominican Republic: Insurance Market Up 21%

Growth in health and agricultural policies and explained most of the growth of 22% registered up to October 2017.

Tuesday, January 16, 2018

Data from the Superintendency of Insurance indicates that in the tenth month of last year the health sector registered a 103% increase compared to October 2016, followed by agricultural and livestock insurance, whose premiums increased by 38%.

"... Net premiums collected in October of this year amounted to RD $4,021.6 million ($82 million), an absolute growth of RD $662.4 million ($13.6 million), 19.72% more compared to the same period in 2016. " reports that  "...In the period analyzed, the fastest-growing branches were the agricultural and livestock sector with 645.6%; health 63.4% and maritime and air ships, 31.4%. The branches with the highest participation were motor vehicles, 27.3%; health, 25.1% and fires and extended coverage, 19.5%.

See report by the Superintendency of Insurance (in Spanish).

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