Company Profile Organization that operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama.
Pan American Life Authorized to Operate in Costa RicaWednesday, March 3, 2010 Pan American Life Insurance Costa Rica S.A. was authorized to operate by Sugese, the Insurance Superintendence. The insurance company requested authorization on September 2009, and has now become the sixth to enter the Costa Rican market. New Insurer Enters Guatemalan MarketThursday, June 9, 2011 Best Meridian Insurance Company (BMI) has entered the market by acquiring the license to operate from Aseguradora Mundial-Colectivos Empresariales. BMI, is a company dedicated to the health, life, disability and financial services insurance and has a $7 billion portfolio of over 200 thousand customers. Pan American Life To Sell Insurance in Costa RicaThursday, June 24, 2010 Pan American Life Insurance was finally authorized by the Insurance Superintendence to operate in the country. The company will sell individual life and health insurance, as well as group life, accident and health insurance. One of its core products is a policy for large medical costs, which will allow individuals to get expensive health care both in Costa Rica and abroad. Pan-American Life Starts Operations in Costa RicaWednesday, July 21, 2010 The insurer will launch a strong campaign to enter the market, looking to create demand for its services. Eugenio Magdalena, executive vice president of International Markets at Pan-American, remarked that the company will provide individual insurance, focusing on life, health and accident policies. lnsurance Market After PrivatizationMonday, February 27, 2012 In Costa Rica private insurers have come into the market, primarily selling life and car insurance, with customers seeing lower rates. Although the National Institute of Insurance (INS) remains the undisputed market leader, private insurers are gradually gaining ground, particularly in the areas of auto and life policies. More Insurance Companies in GuatemalaWednesday, October 5, 2011 With the entry of the US firm BMI, Guatemalans now have a new health insurance option available in the country. The Superintendency of Banks (SB) has authorized a change in the corporate name of the company, which was registered in the country as the BMI Insurance Company of Guatemala, Sociedad Anonima. More Medical Insurance Comes to GuatemalaMonday, April 23, 2012 Three international insurers, BUPA Latinamerica, BMI Companies and Best Doctors Insurance Limited are organizing their entry into the health insurance market in Guatemala. Best Doctors Insurance Limited has agreements with Agromercantil Seguros SA, a local insurer to offer personal and business insurance. The formalization of their entry into the market is Wednesday, May 2nd. Panama: 3 Companies Bid For Insurance ServicesWednesday, March 10, 2010 Pan Americal Life, “Internacional de Seguros” and “ASSA Seguros” have bid for supplying the government with insurance services. The $24 million contract comprises collective life and health insurance for the security employees of the government. Costa Rican Insurance Market Starts To MoveMonday, March 15, 2010 The insurance companies authorized to operate in the country have made combined guarantee deposits for $33 million. These deposit vary from insurer to insurer, depending on the range of products they intend to offer. Increase in Sales of Health Insurance in Costa RicaWednesday, November 5, 2014 Between January and September revenue from sales of these policies increased by 74% compared to the same period in 2013, with the sale of group insurance policies to companies being the factor driving the growth. According to data from the Superintendent of Insurance, in January-September, the sector as a whole has accumulated $116 million in premiums for such policies. The Young Insurance Market in Costa RicaMonday, May 27, 2013 The insurance firm Assa has gained ground focusing on selling insurance to companies, and among the new participants in the market, it has obtained the best results. Figures from the Superintendent of Insurance (SUG), reveal that for December 2012, Assa Insurance Company had the highest revenue from premiums of all the private firms and was one of the best earners. Canal Expansion: The role of Zurich Insurance FirmThursday, February 13, 2014 Apart from any agreements which could be made by the Consortium and the Panama Canal Authority regarding the contract, the last word belongs to the insurer of the project, Zurich. In the case of the Panama Canal expansion, the main focus will be on determining which party is the one that is in breach of contract, the Panama Canal Authority (ACP) or the consortium Grupo Unido por el Canal (GUPC). Costa Rica: More Competitors in Insurance SectorThursday, September 11, 2014 US insurer BlueCross BlueShield, has announced the opening of its operations in the country, which will be part of the Puerto Rican Triple-S Group. From a statement issued by BlueCross BlueShield Costa Rica: |
|