Qualitas Insurance begins operations in El Salvador

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

Wednesday, December 3, 2008

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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Costa Rica: Figures for Insurance Market in June 2016

July 2016

Income from voluntary insurance premiums grew by 18% in relation to June 2015, reaching $490 million.

From a monthly report by the Superintendent of Insurance:

The evolution of compulsory insurance in respect to previous months is: 32% growth that corresponds to an increase of ¢38.6 billion colones in SOA, concentrated in January of this period as a result of a change in the accounting methodology, specifically, for the SOA period, premiums that were previously registered in December of each year were recorded in January 2016 of this year. RT premiums decreased by ¢15.6 billion colones.

Compulsory Vehicle Insurance Opened Up to Competition

November 2015

Rules have been published in Costa Rica which must be followed by any private insurance company willing to sell mandatory vehicle insurance, which until now could only be issued by the state run insurance company.

MOPT regulation number 39.303 published in the Official Newspaper, La Gaceta, establishes maximum profit margins, the conditions to be met by insurance companies who sell Compulsory Vehicle Insurance (SOA by its initials in Spanish) and other considerations.

Quálitas Insurance Company Enters Costa Rica

August 2010

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

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.

Panama: Less Growth in the Insurance Sector

June 2009

During the month of April, growth in new premiums was 4.47%, while it was 27.36% during the same period of 2008.

According to estimates by the Superintendencia de Seguros y Reaseguros de Panama, the accumulated growth for the first quarter of this year shows a gain of 9.02%.

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