Panama: Insurance Market Up 5%

In the first ten months of this year, premiums of $1.245 million were subscribed in the country, exceeding in 5% the value reported in the same period of 2017.

Monday, December 17, 2018

The most recent data from the Superintendence of Insurance and Reinsurance detail that between the first ten months of 2017 and the same period of 2018, the value of premiums subscribed went from $1,188 million to $1,245 million.

As of October, of this year, by type of branch, health policies held the largest proportion of the market with 21% of the total, followed by automobiles with 20% and life insurance groups with 15%.

For the periods concerned, health premiums subscribed increased 9%, from $239 million in 2017 to $261 million in 2018.

See full figures.

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In the first seven months of this year in Panama, $864 million worth of premiums were written, an amount that exceeds by 3% the value reported in the same period in 2017.

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