Good year for Insurance Industry in Costa Rica

In the last interannual period personal insurance increased by 11%, general by 5% and compulsory by 9%.

Wednesday, December 18, 2013

From a bulletin on the Insurance Sector in November 2013 by the Superintendency of Insurance:

The total amount of direct premiums collected reached c436,3 billion in November 2013. The involvement of voluntary insurance equaled the average of the last four annual periods - Nov 20l0-Nov 20l3), 73%.

In the last interannual period, the nominal variation was 7%, both at the overall level and for voluntary insurance. Personal insurance grew by 11%, general by 5% and compulsory by 9%. The growing trend at the nominal level has remained steady since 2010, giving an annual growth in the period Nov 20l0-Nov 20l3 of 10% overall and 11% for voluntary insurance. This annualized growth was 5% in general insurance, 30% in personal and 9% in mandatory.

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