Insurance Policies Up 12% in Panama

The amount of premiums written during the first half of 2014 totaled $657 million, which is 12% more than in the same period in 2013.

Monday, August 11, 2014

Of the total of premiums paid in the first six months of the year, health insurance, group life and car policies accounted for about 45%. In the case of auto insurance, one of the fastest growing in the country, the total was $112.4 million, 9.78% more than in the first half of 2013.

It was followed by ".... the health segment with $108.3 million, which also reported higher growth (14.46%). Meanwhile, Group Life amounted to $75.1 million in sales of policies and an increase of (3.93%). reports that "...Despite the good performance of these three branches it should be noted that of all categories sold in the Panamanian market, that which recorded the highest percentage increase in sales was theft, specifically the category of Fidelity and DDD which grew by 476 , 72%, going from $924,750 in June 2013 to $5.3 million in the same period in 2014."

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Panama: Insurance Market in March 2015

May 2015

In the first quarter of the year, total premiums in the country totaled $338 million, 5% more than in the same period last year, driven by automobile insurance.

Vehicle insurance is the most in demand, reporting $63 million in premiums from January to March 2015, representing an increase of 11.8% compared to the same period last year.

Panama: Insurance Premiums Grow Up 10%

July 2014

In the first five months of the year the volume of premiums was $545 million, nearly $50 million more than in the same period in 2013.

Automobiles, with premiums of $94 million and Health, with premiums of $91.8 million, are the sectors that grew the most compared to the previous period, with increases of 9.83% and 17%, respectively.

Insurance Market up 14% in Nicaragua

June 2014

Between December 2012 and December 2013 revenue from premiums went from $138 million to $156 million.

The pace of growth in the insurance sector in Nicaragua increased during the first quarter of 2014, registering premiums of $43 million, an increase of 21% compared to the same period in 2013.

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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