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Radiography of the Insurance Sector in Central AmericaWednesday, September 21, 2016 Panama stands out as the country with the highest penetration rate in the region, and at the other end is Honduras, with the lowest rate, and below the average in Latin America. From a report by MAPFRE: "Trends of growth in insurance markets in Latin America": 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. Good Prospects for Insurance CompaniesTuesday, May 29, 2012 A report by Fitch notes the momentum in the insurance sector in Central America and its growth potential. From the report by Fitch Central America is entitled "Performance of Insurance Industry Central America: Well Positioned for Growth ": 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. Optimistic Figures for the Insurance MarketFriday, January 26, 2018 The Guatemalan insurance association reports that at the end of the year premiums totaled $926 million, 8% more than in 2016. According to a report presented by the Guatemalan Association of Insurance Institutions, the growth of 7.7% was below the 9% that had been foreseen for 2017. It should be noted that medical insurance exceeded expectations, growing above 10%. Guatemala: Banks Broaden Range of Insurance ServicesFriday, December 2, 2011 According to a resolution from the Junta Monetaria (JM) banks in the financial system can offer their clients mass scale insurance services. Resolution JM-142-2011, published on Friday 2 December in the Diario Oficial states that the sale of insurance products has been regulated by article 89 of the Law on Insurance Activities since the 5th of January, however it was necessary for the JM , in the opinion of the Superintendency of Banks (SIB), to authorize banking institutions to undertake other operations and provide other services that were not accounted for in the aforementioned legislation ‘as long as they are compatible with normal functions’. Still no agreement on Insurance Law in GuatemalaFriday, September 5, 2008 The proposed law to regulate insurance activities is still causing discord 22 months after it arrived at the Legislature on November 2, 2006. The plenary session of Congress was supposed to take up and approve the articles and final version of the initiative yesterday; however, this did not happen because the initiative was removed from the agenda until the various factions receive the amendments made yesterday by the Superintendence of Banks (SIB). Guatemala: The Potential of The Insurance SectorThursday, February 6, 2014 The sector's share in GDP is only 1.2 %, whereas in El Salvador and Costa Rica it amounts to 2.1% and 2% respectively. The insurance market in Guatemala has a lot of potential for growth. Private Unemployment InsuranceWednesday, June 27, 2012 Guatemala has authorized the marketing of new insurances, including unemployment and terminal illness cover. With authorization from the Superintendency of Banks (SIB) unemployment insurance will be available in the short term. Good Figures for Regional Insurance MarketFriday, March 16, 2018 Explained by the behavior of the Costa Rican market, in 2017 Central American insurers received $5.02 billion in premiums, 7% more than in 2016. According to a report drawn up by Revista Desempeño Asegurador, in 2017 " ... insurance sales in the region expressed an absolute increase of US $334.7 million, an amount that represented a rise of 7.1% compared to sales in 2016." Latin America: The Golden Child for InsurersTuesday, May 21, 2013 During the first half of 2012, the insurance sector in Latin America had a premium volume of $77,085 million, maintaining growth rates of two digits. According to César Quevedo, deputy director of the Institute of Science at Seguro de Fundación Mapfre, the insurance industry is "key" to this global market. Guatemala: Insurance Market TrendsThursday, September 25, 2014 In August 2014 the field of health and personal accident was the category which recorded the biggest loss, equivalent to $7 million. A monthly report by the Guatemalan Association of Insurance Institutions shows that the categories of personal health and auto accident and were two which experienced the greatest losses in the month of August. Company Profile Organization that operates in Costa Rica, El Salvador, Guatemala and Panama.
Insurance: Multinational Acquires Central American CompanyMonday, December 23, 2019 Grupo Unity, a regional insurance broker in Central America, will be acquired by Willis Towers Watson, a company specializing in risk management and insurance brokerage. According to a press release from Willis Towers Watson, the objective of the transaction "...is to increase the reach, scale and talent of Willis Towers Watson in the Latin American region, both for the Corporate Risk and Brokerage (CRB) segment, and for Human Capital and Benefits (HCB)." Guatemala: Insurance Industry Keeps DeterioratingFriday, September 18, 2009 "For the sector's improvement, it will be key to adjust fees for products with high accident rates, as well as more careful subscription" By the end of June 2009, net premiums had grown at an inflation adjusted rate of 9.8%, although lower growth should be expected for the end of the year, due to worse economic performance. Growth in individual insurance was remarkable (14% average), specially in collective life and accident and health, while general damage insurance saw a 7% increase. |
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Wednesday, July 6, 2022 - last update: Monday, 5:34 pm
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