Insurance in Panama: Market Figures up to 1st Semester

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.

Monday, August 19, 2019

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.

On the other hand, automobile premiums increased 2.5% for the periods concerned, and in the case of personal accidents the reported increase was 9%.

With respect to the amount disbursed for claims, between January and June 2018 and the same period this year a slight decrease was reported, going from $354.7 million to $353 million.

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