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).

More on this topic

Insurance Market Up 6%

August 2018

In the first five months of the year, total income from insurance premiums in Costa Rica added up to $682 million, registering an increase of 6% compared to the same period in 2017.

Between January and May of this year, growth of mandatory insurance was mainly due to the 14% increase registered in occupational risk premiums, according to a report by the General Superintendence of Insurance.

Insurance Market up to May 2018

July 2018

Growth in Personal Accident and Individual Life policies accounted for most of the 12% growth recorded during the fifth month of the year in the Dominican Republic.

In May, compared to 2017, the lines that reported the highest growth were: Bonds, 132%; Personal Accident, 41%; and Individual Life, 34%, reported the Superintendency of Insurance.

Dominican Republic: Insurance Market up to March 2018

May 2018

Growth in policies for health and boats and aircrafts accounted for most of the 19% growth recorded in the first quarter of the year.

Data from the Superintendency of Insurance indicates that during the third month of the year the agricultural and livestock sector registered an increase of 64% compared to March 2017, followed by health insurance, whose premiums increased by 27%.

Panama: Figures for Insurance Market in January 2017

March 2017

In January $136 million worth of insurance premiums were sold, below the $138 million sold in the same month of 2016.

The decrease compared to January last year is mainly explained by a reduction in premium segments such as maritime, aviation, technical, various risks and bonds.

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