Quálitas Insurance Company Enters Costa Rica

The Mexican firm has received authorization to operate in the Costa Rican marketplace.

Monday, August 16, 2010

Quálitas' authorization to sell car insurance is conditional on complying with certain requirements in the next four months, Costa Rica's Insurance Regulator (Sugese) informed.

"This brings the number of authorized insurance companies to nine. The others are the state insurer (INS), Seguros del Magisterio, Mapfre, Alico, Assa, Pan American Life, Aseguradora del Istmo Adisa and Seguros Bolívar", reports Elfinancierocr.com.

More on this topic

Costa Rica’s Insurance Market

October 2011

In the newly privatised insurance market, companies are competing with the National Insurance Institute (INS in Spanish) to increase their portfolios.

Last June, according to the premium income figures, registered insurance lines and assets, INS was first, followed by Assa and Alico with its life and health insurance lines.

Costa Rica: BCR Insurance Extends Brokerage Services

May 2010

The company signed insurance brokerage agreements with ASSA and Mundial, becoming the first broker who has signed deals with the country’s five authorized insurers.

“ASSA Compañía de Seguros S.A.”, was authorized to operate in Costa Rica on April 13, and Mundial received its authorization back on February 19.

Adisa Insurer To Operate in Costa Rica

May 2010

The new insurance company was born as a result of the merger of “QBE del Istmo” Reinsurance Company and “Cooperativa Nacional de Educadores” (Coopenae).

“Aseguradora del Istmo Adisa SA” was authorized by the Costa Rican Insurance Superintendence to sell individual health and life insurance in the country.

Qualitas Insurance begins operations in El Salvador

December 2008

Qualitas Insurance company, of Mexican origin, announced yesterday that it will begin to operate in El Salvador after carrying out a feasibility study.

Qualitas started to process its license at the middle of last year when its presented the corresponding paperwork and request to authorities in order to obtain authorization to enter the country and to operate as an insurance company specializing in car insurance.

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