Panama Insurance Market - September 2016

In the first nine months of the year premium income barely exceeded $1 billion, growing by less than 1% compared to the same period in 2015.

Monday, November 14, 2016

The premiums of insurance companies between January and September totaled $1.023 billion, registering a slight increase of 0.8% or $7.7 million compared with the $1,015 million in the same period last year, according to the Superintendency of Insurance in Panama.

The stagnation in growth is explained by a fall of almost 10% in underwriting premiums in the category of various risks, and falling 52% in the field of theft. In the case of bonds a low of 24% was also recorded. 

Auto insurance premiums generated $198 million in the period in question, 6% more than during the previous period. 

See report full by the Superintendent of Insurance.

Do you need more information about your business sector?

Request more information:








this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423


More on this topic

Insurance: Panamanian Market Grows to 4%

July 2019

During the first five months of the year, premiums of $643 million were written, 4% higher than the $619 million reported for the same period in 2018.

Statistics from the Superintendence of Insurance show that from January to May 2019, the three insurance companies subscribing the highest proportion of market premiums were Assa Compañía de Seguros, Compañía Internacional de Seguros and Mapfre Panamá, with 26%, 16% and 15% respectively.

Costa Rica: Insurance Market up to April 2017

June 2017

The increase in the mandatory insurance segment is responsible for most of the 20% growth recorded in premiums in the first quarter of the year compared to the same period in 2016.

From a report by the Superintendency of Insurance:

In April 2017, insurance premium income grew by $94.5 million (20.5%) compared to 2016, closing at $558 million. Growth was generalized by category and, in all cases, higher than the main price and production indicators.   

Statistics on Private Insurers in Costa Rica

June 2013

Pan American Life and Assa accumulate 6% of the market, reporting up to May 2013 accumulated income of $12 million.

According to the Superintendent of Insurance (SUG) these two companies have the largest reported income. "Other market participants with significant shareholdings are Mapfre Seguros with revenues of $7 million and Aseguradora del Istmo with $4.5 million," noted an article in Elfinancierocr.com.

Three Insurance Companies Dominate in Panama  

June 2013

During the first quarter of this year, the sum of the premiums of Assa Compañía de Seguros, Compañía Internacional de Seguros and Mapfre Panamá was around $198 million.

This ranking of premiums prepared by the Superintendency of Insurance and Reinsurance of Panama, shows that Assa Compañía de Seguros comes first in the list with $80.3 million (20.18% market share), followed by Compañía Internacional de Seguros, with $65.3 million (16.41%) and Mapfre Panama in third place with $52.3 million and 13.13% of market share.

 close (x)

Receive more news about Insurance

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Professional ink refill franchise for sale

Ink and toner refills with latest generation machinery exclusively for the franchisee in Central America, investment opportunity with fast return.
Ink and toner refills with latest generation machinery...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Oct 23)
Brent Crude Oil
41.99
Coffee "C"
108.05
Gold
1,901
Silver
24.69