Insurance Market Up 5%

In the first nine months of this year, premiums of $1,115 million were written in Panama, exceeding by 4.9% the value reported in the same period of 2017.

Monday, November 5, 2018

The latest data from the Insurance and Reinsurance Superintendence, between the first nine months of 2017 and the same period in 2018, the value of premiums written went from $1.063 million to $1.115 million.

Up to September this year, by category, health policies are the ones that maintain the largest proportion of the market with 21% of the total, followed by cars with 20% and life groups $227 million.

For the periods in question, the health premiums written increased 9%, rising from $214 million in 2017 to $233 million in 2018.

See full figures.

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More on this topic

Collective Insurance: $3 Million Tender

November 2018

The Public Ministry of Panama tender for a collective health insurance for the workers of the Procuraduría General de la Nación, for a term of 24 months.

Panama Government Purchase 2018-0-35-0-08-LV-020577:

"A collective health policy or insurance will be contracted for 4,251 collaborators, which will cover medical services required for the prevention of illnesses and accidents, the care and maintenance of health or its recovery in case of suffering a guaranteed event, up to the amount stipulated in the Insurance Contract.

Insurance Market Up 3%

September 2018

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.

Tender: Medical and Life Insurance

September 2018

The Judicial Power in Honduras is putting out to tender collective life insurance and medical hospital policies for the institution's officials and employees at the national level.

Honduras Government Purchase L.Public No. 07-2018 Hospital Medical Insurance:

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.

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