The segment for Accident and Health policies showed that up to March 2014 the majority market share was held by Instituto Nacional de Seguros (INS) with 46.4% and 41.7% was held by Pan American Life, according to the Superintendent of Insurance (SUGESE). The remaining 11.9% is made up of the Insurers Aseguradora del Istmo, with 7.4%, and other market participants (Mapfre, BMI, Atlantic Sauther, SM) with 4.5%.

"Accident and Health reports sales of ¢20.207 million ($36 million). This represented 11.8% of the total sales in the insurance market, which in the third month of the year amounted to ¢171.009 million ($308 million). The Accident and Health figures exclude policies for Compulsory Automobile Insurance, which are recorded separately. "

"In the life segment, the INS maintained the lead, with 74% of premiums sold. At the general level (including general and personal policies) the INS still has 87% of the market. The INS began facing competition from private insurers in January 2009, following the opening up of the insurance market in August 2008. "

Source: CentralAmericaData.COM

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