Nicaragua: Insurance Premiums Growing

Life, health, and accident policies accounted for most of the 12% growth recorded in premiums during the first quarter of the year compared to the same period in 2016.

Friday, April 21, 2017

Total premiums recorded in the first quarter of the year, according to figures provided by Victor Urcuyo, head of the Superintendency of Banks and Other Financial Institutions, amounted to $57 million, almost 13% more than in the same period last year.

See also: "Expectations for the Insurance Market in 2017" reports that "...Life insurance premiums issued in the first quarter of this year reached $17 million, general automobile premiums $14 million and health insurance $3.7 million, according to reports consolidated by the Siboif up until March.

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Although the covid-19 outbreak in Guatemala has increased interest in medical and life insurance, it is expected that because of the economic crisis, group insurance sales will be affected.

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Insurance: Salvadoran Market Increases to 9%

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During the first six months of this year, net premium income totaled $395 million, 9% more than reported in the same period in 2018, an increase explained by life and fire policies.2

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Dominican Republic: Insurance Market Up 21%

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Growth in health and agricultural policies and explained most of the growth of 22% registered up to October 2017.

Data from the Superintendency of Insurance indicates that in the tenth month of last year the health sector registered a 103% increase compared to October 2016, followed by agricultural and livestock insurance, whose premiums increased by 38%.

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