Tender for $2 Million in Insurance

The Refinadora Costarricense de Petróleo will contract insurance coverage of different types, for a one-year period that can be extended for two equal periods, at the option and discretion of the institution.

Monday, January 6, 2020

Costa Rican Government Purchase 2019LN-000005-0016700102:

"The policies to be contracted are the following:

Line 1 Fire insurance for RECOPE facilities
Line 2 Fire insurance for the Hernán Garrón Salazar Building
Line 3 Electronic Equipment Insurance
Line 4 Insurance for the vehicle fleet.
Line 5 Contractor's equipment insurance for RECOPE special equipment
Line 6 Machinery Breakdown Insurance for the Hydrogen Experimental Plant
Line 7 Boiler insurance
Line 8 Traditional Group Life Insurance.
Line 9 International cargo transport insurance imports of products
Line 10 International cargo insurance imports of materials and supplies
Line 11 General Liability Insurance
Line 12 Civil liability insurance Umbrella coverage
Line 13 Civil liability insurance for airport re-suppliers."

Reference value: $1,814,002.

Deadline for receipt of bids: January 29, 2020.

See tender (in Spanish).

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All Risks Insurance Tender

October 2018

The Guatemalan Workers' Recreation Institute tenders fire, allied and collateral lines insurance for buildings and facilities owned by the institution.

Guatemala Government Purchase 9203206:

"All risks arising from any external cause will be covered, including, but not limited to earthquake, tremor, volcanic eruption, falling ash and/or volcanic sand and consecutive fire, explosion, lightning, malicious damage, hurricane, typhoon, tornado, flood and water damage, riot, strikes, riots at work or popular, falling aircraft and objects, collision of land vehicles, collapse of stowage, winds, hail, floods, tsunamis, aircraft crashes, special malicious damage (terrorism) explosion and implosion of boilers, machinery breakage, electrical damage, electronic equipment, short circuit, excess voltage, voltaic arcs and any other alteration of the electricity, theft and/or robbery, theft, pillage, confrontation, and any other sublimit that is part of the policy and other extensions of coverage of all risk.

Insurance Market Up 6%

August 2018

In the first five months of the year, total income from insurance premiums in Costa Rica added up to $682 million, registering an increase of 6% compared to the same period in 2017.

Between January and May of this year, growth of mandatory insurance was mainly due to the 14% increase registered in occupational risk premiums, according to a report by the General Superintendence of Insurance.

Insurance Market Continues to Rise

June 2018

In Panama during the first four months of the year $491 million was written in premiums, which is 3% more than the $375 million reported in the same period in 2017.

Statistics from the Superintendency of Insurance show that during the first four months of 2018, the three insurance companies that wrote the largest proportion of these premiums were Assa Compañía de Seguros, Compañía Internacional de Seguros and Mapfre Panamá, with 20%, 17%, and 16%, respectively.

Tender: Insurance for Port of Honduras

January 2018

The Honduran National Port Company (Empresa Portuaria Nacional de Honduras) is putting out to tender protection insurance for its personnel and the assets belonging to the institution.

Honduras Government Purchase 21-2017:

"The insurance must cover all movable and immovable property, as well as special buildings of the insured entity including fluctuating inventories belonging to it or in its custody, all the property of the National Port Company or of third parties, which are under the responsibility of the latter, while they are in any part of the port precincts located in the Republic of Honduras.

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