Statistics on Private Insurers in Costa RicaWednesday, June 26, 2013 Pan American Life and Assa accumulate 6% of the market, reporting up to May 2013 accumulated income of $12 million. According to the Superintendent of Insurance (SUG) these two companies have the largest reported income. "Other market participants with significant shareholdings are Mapfre Seguros with revenues of $7 million and Aseguradora del Istmo with $4.5 million," noted an article in Elfinancierocr.com. Insurance Policies in Panama are Mainly for Auto and HealthWednesday, November 27, 2013 Between January and September insurance sales increased by 8.5% compared to the previous year, totaling $892 million. Most policies sold in that period were in the auto and health categories according to information from the Superintendency of Insurance and Reinsurance in Panama. Insurance: Incentives to Attract More CustomersThursday, October 24, 2019 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. Costa Rica Insurance: Claims Up 10%Wednesday, August 27, 2014 As of July claims for payments totaled $284 million, with personal insurance policies having increased the most. In the case of personal accident insurance, registered insurance companies reported an increase of 13% between July 2013 and March this year. "...Within this category, those that grew the most were those of health and accident insurance, going from $26 million to $28 million. " Insurance in Costa Rica: 5 Years of Free MarketThursday, August 8, 2013 After five years of monopolization, there are 13 insurers, 17 brokers companies, 63 agency companies and 49 auto insurance operators competing in the Costa Rican insurance market. Nacion.com reports: "Also noteworthy is the 442 products registered up to June this year, surpassing the 159 registered in the same month in 2010." Good year for Insurance Industry in Costa RicaWednesday, December 18, 2013 In the last interannual period personal insurance increased by 11%, general by 5% and compulsory by 9%. From a bulletin on the Insurance Sector in November 2013 by the Superintendency of Insurance: Insurance Market Grows up to March 2018Wednesday, May 16, 2018 In Panama during the first three months of the year $367 million was written in premiums, which is 2% more than the $360 million reported in the same period in 2017. During the first quarter of 2018, the three insurance companies that wrote the largest proportion of these premiums were Assa Compañía de Seguros, Compañía Internacional de Seguros and Mapfre Panamá, with $70 million, $62 million and $56 million, respectively. Insurance: The Fruits from Opening Up of the MarketWednesday, August 15, 2018 Ten years after the elimination of the insurance monopoly in Costa Rica, private insurers have managed to "steal" from the state company about 12% of the market. Mapfre Seguros, Sagicor, Assa Compañía de Seguros and Best Meridian Insurance are some of the 12 private companies that have been competing in the Costa Rican insurance market since 2008, when the law came into force opening up the business which for more than 80 years was in the hands of a single company, Instituto Nacional de Seguros. |
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