Insurance: Panamanian Market Increases to 5%

From January to July 2019, premiums of $910 million were subscribed, 5% higher than the $864 million reported in the same period of 2018.

Friday, September 20, 2019

According to the most recent report of the General Comptroller of the Republic, between the first seven months of 2018 and the same period of 2019 the premiums of the branch of fire and multi-risk insurance registered a 17% increase.

On the other hand, automobile premiums increased 1.7% for the periods concerned, and in the case of personal accidents the reported increase was 8%.

Regarding the amount disbursed for claims, between January and July 2018 and the same period this year a slight increase was reported, going from $413.5 million to $420.7 million.

See full report.

Do you need more information about your business sector?

Request more information:








this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423


More on this topic

Accident Insurance: Sales up 7%

February 2020

In the first eleven months of 2019, premiums were written in the country for Ch$1,395 million, and sales of personal accident insurance grew 7% over the same period last year.

Figures of the General Comptroller of the Republic detail that between the first eleven months of 2018 and the same period of 2019, fire and multi-risk insurance premiums recorded a 10% increase.

Insurance: Panamanian Market Not Rebounding

January 2020

In the first ten months of 2019, premiums of $1,265 million were subscribed in the country, 2% more than reported in the same period of the previous year, a rise that is less than the 5% year-on-year variation reported up to October 2018.

According to the last report of the General Comptroller of the Republic, between the first ten months of 2018 and the same period of 2019, fire and multi-risk insurance premiums recorded a 12% increase.

Insurance in Panama: Market Figures up to 1st Semester

August 2019

Between January and June 2019, premiums increased 4% compared to the same period in 2018, partly because of a 5% increase in health policies and 6% in group life insurance.

The latest data published by the General Comptroller of the Republic indicate that between the first half of 2018 and the same period of 2019 the premiums of the branch of fire and multi-risk insurance registered a 12% increase.

Insurance Market Continues to Rise

June 2018

In Panama during the first four months of the year $491 million was written in premiums, which is 3% more than the $375 million reported in the same period in 2017.

Statistics from the Superintendency of Insurance show that during the first four months of 2018, the three insurance companies that wrote the largest proportion of these premiums were Assa Compañía de Seguros, Compañía Internacional de Seguros and Mapfre Panamá, with 20%, 17%, and 16%, respectively.

 close (x)

Receive more news about Insurance

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Heavy Equipment: Reps Wanted

Recognized Brazilian company of backhoe loaders, telescopic, articulated and other types of cranes looking for companies interested in representing the brand and distributing their machinery in Central America and Mexico.
The company manufactures and sells telescopic,...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Feb 21)
Brent Crude Oil
57.800
Coffee "C"
110.35
Gold
1,642
Silver
18.455