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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Nicaragua: Insurance Market up to March

May 2014

Products in the category of life, accident and health lead the 6% increase in premiums seen in the first three months of the year compared with the same period in 2013.

Total premiums paid in the first quarter amounted to $42 million, of which 37.4% were for first party car insurance, 21.0 % for fire insurance and associated lines, 19.09 % for life insurance (individual and collective) and the remaining 6.01 % for health insurance.

Insurance Market in Costa Rica in 2012

February 2013

A report by SUGESE contains information on Basic Indicators, Market Structure and Participants and Products.

December 2012 Bulletin from the Superintendent of Insurance (SUGESE):

Basic Indicators

The total amount of direct premiums was ¢466.2 billion in 2012, with 69% of that amount corresponding to voluntary insurance.

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