Data from the Superintendence of Banks and Other Financial Institutions (Siboif) detail that between 2018 and 2019 premium sales fell by $9 million, from $208 million to $199 million.

The fall in the accident rate gave insurers a breathing space last year, as the amount paid out decreased by 17% compared to what was recorded in 2018, according to official figures.

Laprensa.com.ni reviews that "... It was the insurance of people who showed a reduction and have significant weight in the business of these companies. Last year, the demand for this service dropped 7%, whose turnover increased from $62 million in 2018 to $57 million in 2019".

The article adds that "... Within personal insurance, policy purchases are concentrated mainly in life, health and accident. Life insurance only increased from $41 million in 2018 to $38 million in 2019, representing a 7% variation."

Source: laprensa.com.ni

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