El Salvador: Insurance Sector in the First Half of 2015

In June 2015, the Salvadoran insurance industry recorded a growth rate of 4%, higher than the 2.4% increase recorded in the first half of 2014.

Friday, October 23, 2015

From a report by Fitch Ratings Central America:

Continuous growth: In June 2015, the insurance industry of El Salvador recorded a growth rate of 4% compared to the first half of 2014 (1S14), given a growth in the economy of 2.4%, according to central bank data. According to Fitch Ratings, economic growth will reach 2%, thus restricting the increase in premiums which could be 6% by the end of 2015. This will be influenced by the use of non-traditional marketing channels, creating opportunities in new market segments, especially through micro personal and bank insurance lines.

See full report (In Spanish)



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