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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More on this topic

Tender for Special Risks Insurance

February 2020

Panama's Metro bids the special risks insurance policy, with a two-year validity period.

Panama Government Purchase 2020-2-81-01-08-LP-001754:

"The bidder will be responsible for executing all the works, activities and tasks necessary to provide the service of Special Risks Insurance Policy Contracting, for a 24-month period.

Insurance: Panamanian Market Not Rebounding

January 2020

In the first ten months of 2019, premiums of $1,265 million were subscribed in the country, 2% more than reported in the same period of the previous year, a rise that is less than the 5% year-on-year variation reported up to October 2018.

According to the last report of the General Comptroller of the Republic, between the first ten months of 2018 and the same period of 2019, fire and multi-risk insurance premiums recorded a 12% increase.

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.

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