Insurance Market Up 6%

In the first five months of the year, total income from insurance premiums in Costa Rica added up to $682 million, registering an increase of 6% compared to the same period in 2017.

Wednesday, August 8, 2018

Between January and May of this year, growth of mandatory insurance was mainly due to the 14% increase registered in occupational risk premiums, according to a report by the General Superintendence of Insurance.

In relation to the composition of the market according to type of insurance, the document explains that only the branch of Pecuniary Losses showed a reduction in its share due to a decrease in premiums.

The report adds that for May of this year, in the case of the Civil Liability and Fire and Allied Lines, the reduction in participation responded to a slight increase in premium income.

See full report (In Spanish).

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During 2018, Guatemala's insurance sector increased 3% year-on-year, well below the 8% growth rate reported between 2016 and 2017.

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In the first seven months of this year in Panama, $864 million worth of premiums were written, an amount that exceeds by 3% the value reported in the same period in 2017.

According to figures from the Superintendency of Insurance and Reinsurance, between the first seven months of 2017 and the same period in 2018, the value of subscribed premiums went from $839 million to $864 million.

Dominican Republic: Insurance Market up to March 2018

May 2018

Growth in policies for health and boats and aircrafts accounted for most of the 19% growth recorded in the first quarter of the year.

Data from the Superintendency of Insurance indicates that during the third month of the year the agricultural and livestock sector registered an increase of 64% compared to March 2017, followed by health insurance, whose premiums increased by 27%.

Dominican Republic: Insurance Market Up 22%

February 2018

In 2017, net premiums collected totaled $1 billion, 22% more than the $829 million reported in 2016.

According to figures from the Superintendency of Insurance of the Dominican Republic, last year Seguros Universal was the company that registered the highest number of net premiums collected, adding up to $216 million, equivalent to 21% of the total market.

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