Insurance Up 11% in Panama

In September premiums issued totaled $ 665 million, 11.3% higher than the same period of 2009.

Wednesday, November 24, 2010

Insurers "Compañía Internacional de Seguros"; ASSA Insurance Company and "Aseguradora Mundial" represented 49.1% of all insurance sales, a total of $ 327.6 million.

"Some of the most issued premiums from January to September 2010 were bonds, which captured 67.4 million dollars, a 89% increase from last year, followed by multi risk insurance products..." reported La Estrella.

¿Busca soluciones de inteligencia comercial para su empresa?



More on this topic

Costa Rica: Insurance Market up to March 2015

May 2015

The reduction of 30% in premium income from compulsory work risk insurance accounted for most of the 8% decline in revenues from total premiums up to March.

In March general insurance and personal insurance maintained the upward trend that had been seen the previous months, with growth rates compared to the same month in 2014 of 6.1% and 8.3%, respectively.

Five Insurers Dominate Panamanian Market

January 2012

Internacional de Seguros and ASSA are the industry leaders of a sector that netted $936 million in premiums in 2011, a 16% growth.

Five companies control the insurance market in Panama: Internacional de Seguros, ASSA, Mapfre Panamá, Assicurazioni Generali and Aseguradora Ancón.

Panamanian Insurer Ventures into El Salvador

January 2012

ASSA Compañía de Seguros S.A, which has operations to date in Panama, Costa Rica and Nicaragua, has begun operating in El Salvador with an investment of $3.2 million.

ASSA Compañía de Seguros S.A, a Panamanian company, started operations in El Salvador with an initial investment of $3.2 million, according to El Diario de Hoy.

Panamanian Insurance Market

March 2011

Premiums rose by 9.5% in 2009 and 8.5% in 2010, reaching $ 918 million in total.

Insurance rating company A.M. Best published a report on the insurance sector in Panama, highlighting it as the largest in Central America and noting also that significant growth is expected in the coming years, supported by increased tourism, construction and Panama's efforts to implement transparent financial and tax laws.