Last year, premiums of Ch$1,567 million were written in the country, a figure that did not change significantly from the Ch$1,569 million reported in 2018.
Figures from the General Comptroller of the Republic detail that between 2018 and 2019 premiums in the branch of fire and multi-risk insurance registered a 5% increase.
Discounts in fitness centers, in dental services or in consultations with psychologists, are some of the benefits offered by insurance companies in Costa Rica to maintain their portfolio of clients and attract new ones.
The National Insurance Institute (INS), Sagicor, Pan American Life Insurance, Océanica de Seguros and Mapfre, are some of the competitors in the Costa Rican market that offer this type of privileges in their policies.
Customers who are guided by immediacy and technology, who are also more focused on travel than buying health or life insurance, force insurers to reinvent their processes to continue increasing their sales.
Because the population group known as the "millennials," which is made up of customers who like to keep up with the buying process and are not willing to wait, companies must transform to keep up with their sales pace.
The group fidelity insurance policy to protect the funds and assets of the Central Bank is tendered for the period from December 31, 2019 to January 26, 2022.
Between January and June 2019, premiums increased 4% compared to the same period in 2018, partly because of a 5% increase in health policies and 6% in group life insurance.
The latest data published by the General Comptroller of the Republic indicate that between the first half of 2018 and the same period of 2019 the premiums of the branch of fire and multi-risk insurance registered a 12% increase.
The Central Bank tenders the group life insurance policy and hospital medical expenses for a group of employees of the institution for a two-year term.
During the first five months of the year, premiums of $643 million were written, 4% higher than the $619 million reported for the same period in 2018.
Statistics from the Superintendence of Insurance show that from January to May 2019, the three insurance companies subscribing the highest proportion of market premiums were Assa Compañía de Seguros, Compañía Internacional de Seguros and Mapfre Panamá, with 26%, 16% and 15% respectively.
The policy of collective life insurance and medical expenses for deputies, directors and deputy directors of the Congress of the Republic of Guatemala is tendered for a 24-month term.
Total insurance premium revenues in Costa Rica totaled $1.261 million in 2018, 3% more than in 2017.
According to figures from the General Superintendence of Insurance (Sugese), between 2017 and 2018 the per capita spending of Costa Ricans on insurance increased slightly by 1.8%, from $248 to $252.
Because of vehicle and health insurance performance, premiums paid in Panama last year totaled $1.562 million, 6% more than in 2017.
Preliminary figures from the Superintendence of Insurance and Reinsurance detail that last year income from vehicle insurance totaled $321 million and increased 9% with respect to 2017.
In the first eleven months of 2018, premiums of $1.378 million were underwritten in Panama, exceeding by 6% the value reported in the same period of 2017.
The latest data from the Superintendence of Insurance and Reinsurance, detail that between the first eleven months of 2017 and the same period of 2018, the value of premiums underwritten went from $1.301 million to $1.378 million.
The Public Ministry of Panama tender for a collective health insurance for the workers of the Procuraduría General de la Nación, for a term of 24 months.
Panama Government Purchase 2018-0-35-0-08-LV-020577:
"A collective health policy or insurance will be contracted for 4,251 collaborators, which will cover medical services required for the prevention of illnesses and accidents, the care and maintenance of health or its recovery in case of suffering a guaranteed event, up to the amount stipulated in the Insurance Contract.
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