Private Insurers Sell More Personal Policies

Two new companies sold 17% of this sector of the Costa Rican market.

Monday, June 11, 2012

Panamerican Life and Seguros de Alico are the main rivals of the National Insurance Institute (INS), with a share of 14% of the personal insurance policies sold in the Costa Rican market, while other private companies control 4%.

The INS still retains 83% of the market, reported Nacion.com. The percentages become more important when it is taken into account that Panamerican Life is in the process of buying Alico, now a subsidiary of MetLife, following an agreement signed in November last year.

Last April, the total premiums for persons insurance (life, accident and health) increased by 26% in a year.

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