Seven all-risk and/or physical damage to property insurance policies are required to be tendered at five International Airports in Panama.
Panama Government Purchase 2021-2-02-0-08-LV-009919:
"In the following Panama airports managed by AITSA, different policies are required:
1. Tocumen International Airport.
2. Enrique Malek International Airport (David-Chiriqui).
Transporte Masivo de Panama S.A. is bidding for the insurance of special risks, whose policy term must be of 24 months and the total insured amount is $75 million at first risk.
Panama Government Purchase 2021-2-81-01-08-LP-003116:
"The special risks insurance policy must be composed of the following sections:
I. Fire - Physical loss and/or damage including catastrophic risk.
In Costa Rica, the Commission to Promote Competition stated that they do not agree with any type of exclusivity in the emergency medical insurance market for inbound tourism.
The Commission recommends not to allow initiatives that establish as a mandatory requirement for travelers, a medical insurance for inbound tourism, as it could detract from the country's competitiveness and increase the cost of traveling to Costa Rica.
Empresa de Transmision Electrica bids the collective health and life insurance policy for the institution's employees and retirees of the former IRHE, for a term of 5 years.
Panama Government Purchase 2021-2-78-0-08-LP-013153:
"Purpose of the contract:
(a) Collective Health Insurance Policy for the collaborators of Empresa de Transmision Electrica, S.
The Social Security Institute bids the all-risk insurance policy for real estate, furniture, equipment, physical inventory, office equipment and computer equipment of the central warehouse and areas rented by the institution.
Honduras Government Purchase LPN-006-2021:
"The insurance policy covers personal property owned by the Insured from all damage, physical loss caused by the following risks:
Since the borders were reopened and the country began to receive visitors, tourists have purchased more international policies, a situation that could be explained by the lower prices compared to insurance offered locally.
Data from the Costa Rican Ministry of Health show that between August 1, 2020 and February 11, 2021, 209,779 health insurance policies have been filed.
The Supreme Court of Justice tenders hospital medical and life insurance policies for the 9,390 employees of the institution.
El Salvador Government Purchase LP 11/2021:
"Collective hospital medical insurance is required, which shall have as mandatory benefits outpatient consultation with out-of-network Doctors up to $35. The Company shall respect the medical indications issued in prescriptions, covering the medication according to the diagnosis presented, with a limit of 8 consultations per policy year for each insured, and the Insurance Administration Department may request additional consultations according to severity of the diagnosis.
The increasing importation of used vehicles, the increase in the number of motorcycles and the perception that the risk to which drivers are exposed is low, are some of the reasons that explain why the penetration of vehicle insurance in the Guatemalan market is still only 10%.
According to data from the Superintendence of Tax Administration (SAT) at the end of 2020 there were 4.11 million vehicles registered nationwide, this figure exceeded by 8% the 3.79 million reported at the end of 2019.
In Nicaragua during 2020, a year marked by the pandemic generated by the covid-19 outbreak, the outlays for life insurance claims increased and for automobiles decreased.
Figures from the Superintendence of Banks and Other Financial Institutions (Siboif), detail that between January and November 2019 and the same period in 2020, the amount disbursed by insurance companies for life insurance coverage increased by 78%, from $10.7 million to $19 million.
As a result of the damage and losses caused by covid-19 and tropical storms Iota and Eta, insurers in Guatemala have received compensation claims of about $65 million.
According to statistics from the Guatemalan Association of Insurance Institutions (Agis), due to the Eta storm, up to November 30th, 1.005 claims were reported for floods or slopes, which amounted to about $32 million.
Between July and October 2020, the number of people in Guatemala exploring options for life insurance online increased by 3%, and the number of Panamanian consumers seeking auto insurance increased by 39%.
CentralAmericaData's interactive platform, Consumer Insights, monitors in real time changes in consumer habits in all markets in the region and in other Latin American countries, with fundamental information to understand their behavior, new trends and anticipate eventual changes in their purchase patterns.
Following the reform of government agreement 17-2020, the entry into force of the regulation requiring passenger and cargo transport units to take out civil liability insurance was delayed for one year in Guatemala.
Despite the impact of the crisis caused by the covid-19 outbreak, between January and June 2020, income generated by net premium sales in El Salvador increased by 2%.
Data provided by directors of the Salvadoran Association of Insurance Companies (ASES), highlights that in the first half of the year net premiums were sold in the country for $345 million, an amount that is 2.3% higher than that reported for the same period in 2019.
español
6004
