The Nicaraguan insurance sector is projecting growth at the local level of between 9% and 10% in net written premiums.
Such growth would mean about $136 million in terms of sales, said Luis Reynoza, president of the Nicaraguan Association of Professional Insurance Agents (Anapsos).
"This projection is based on an expected increase in foreign investment to 1.000 million dollars, exports to $3.000 million (minimum) and on the economic stability Nicaragua is displaying. All these things make us think that we will grow, he argued.
Projections for the insurance industry show growth of between 7 and 8% by the end of 2011.
Total net premiums will close at between $123 and $124 million, exceeding the $115 million recorded last year, said Luis Reynosa, of the Nicaraguan Association of Professional Insurance Agents, Anapsos.
Elnuevodiario.com.ni quoted the executive as saying, "We see a positive trend that has to do with increased productivity and in general, a higher level of awareness in the Nicaraguan population of the need to protect themselves"