Increase in Sales of Health Insurance in Costa RicaBetween January and September revenue from sales of these policies increased by 74% compared to the same period in 2013, with the sale of group insurance policies to companies being the factor driving the growth.Wednesday, November 5, 2014
According to data from the Superintendent of Insurance, in January-September, the sector as a whole has accumulated $116 million in premiums for such policies. The Company Pan-American Life Insurance owns 47% of the market, the National Insurance Institute (INS) 43% and the remaining 10%, other companies. Source: Nacion.com Costa Rica Insurance: Claims Up 10%August 2014 As of July claims for payments totaled $284 million, with personal insurance policies having increased the most. Costa Rica: Personal Insurance Premiums Up 21%July 2014 The sale of life, accident and health insurance rose from $113 million in June 2013 to $148 million in the same month in 2014. Insurance Market in Costa Rica up to March 2014May 2014 The state run Nacional de Seguros and PanAmerican Life share 88% of the market in the segment of accident and health policies. Pan-American Life Starts Operations in Costa RicaJuly 2010 The insurer will launch a strong campaign to enter the market, looking to create demand for its services.
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