Good Figures for Regional Insurance Market

Explained by the behavior of the Costa Rican market, in 2017 Central American insurers received $5.02 billion in premiums, 7% more than in 2016.

Friday, March 16, 2018

According to a report drawn up by Revista Desempeño Asegurador, in 2017 " ... insurance sales in the region expressed an absolute increase of US $334.7 million, an amount that represented a rise of 7.1% compared to sales in 2016."

The report adds that in the growth in 2017 " ... was influenced by the behavior of the Costa Rican Insurance System by expressing an absolute increase in its portfolio of US $128.6 million, equivalent to an increase of 10.8%. "

Regarding the profitability of premiums in the region, the document states that this " ... rose from 12.9% in 2016 to 13.6% in 2017, when premiums increased by 7.9%, while profits rose with greater acceleration equivalent to 14%."

See full document (in Spanish).

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