Insurance: Business Against EpidemicsPanamanian businessmen consider unviable the bill that intends to force insurance companies to cover medical expenses related to the coronavirus.Wednesday, March 11, 2020
The bill, which was presented by Representative Zulay Rodriguez, seeks to ensure that insurance company clients are attended to in case they are infected with covid-19, however, policies do not usually provide coverage when the disease is declared as an epidemic or pandemic. Source: Prensa.com Microinsurance Growing in PanamaMay 2014 Two years after the amendment to the Law of the sector, the insurance market covering risks for short periods at low costs has been consolidated. Insurance Act Delayed in the Panamanian AssemblyNovember 2011 The passing of the bill – which has already been agreed upon - would allow the development of the micro-insurance market and new distribution channels. Panama Promotes Local Financial MarketJuly 2011 The Panamanian government is proposing a series of amendments to the legislation in order to develop the market. Insurers Aim to Low Income GroupsOctober 2010 The insurance companies are looking to Guatemala´s lower income sector, where they see great growth potential.
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