Dominican Republic: Insurance Market Up 22%

In 2017, net premiums collected totaled $1 billion, 22% more than the $829 million reported in 2016.

Monday, February 19, 2018

n dir="ltr">According to figures from the Superintendency of Insurance of the Dominican Republic, last year Seguros Universal was the company that registered the highest number of net premiums collected, adding up to $216 million, equivalent to 21% of the total market.

In relation to the number of premiums collected per company, Seguros Universal was followed by Seguros Reservas and Mapfre, which last year reported $150 million and $132 million, respectively.

Figures on the performance of premiums collected by type of insurance, show that health policies practically doubled between 2016 and 2017, growing from $110 million to $210 million. Vehicle insurance also recorded an increase, rising from $243 million in 2016 to $273 million in 2017, which corresponds to a 13% increase.

See statistics (in Spanish).

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More on this topic

Insurance Market: Figures in 2018

January 2019

Because of vehicle and health insurance performance, premiums paid in Panama last year totaled $1.562 million, 6% more than in 2017.

Preliminary figures from the Superintendence of Insurance and Reinsurance detail that last year income from vehicle insurance totaled $321 million and increased 9% with respect to 2017.

Insurance Market Keeps Rising

January 2019

In the first eleven months of 2018, premiums of $1.378 million were underwritten in Panama, exceeding by 6% the value reported in the same period of 2017.

The latest data from the Superintendence of Insurance and Reinsurance, detail that between the first eleven months of 2017 and the same period of 2018, the value of premiums underwritten went from $1.301 million to $1.378 million.

Insurance Market Up 5%

November 2018

In the first nine months of this year, premiums of $1,115 million were written in Panama, exceeding by 4.9% the value reported in the same period of 2017.

The latest data from the Insurance and Reinsurance Superintendence, between the first nine months of 2017 and the same period in 2018, the value of premiums written went from $1.063 million to $1.115 million.

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%.

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