Costa Rica: Insurance Market up to March 2015Tuesday, May 12, 2015 The reduction of 30% in premium income from compulsory work risk insurance accounted for most of the 8% decline in revenues from total premiums up to March. In March general insurance and personal insurance maintained the upward trend that had been seen the previous months, with growth rates compared to the same month in 2014 of 6.1% and 8.3%, respectively. 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. 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. Panama Insurance Market - June 2016Tuesday, August 16, 2016 Three insurers accounted for 46% of the $693 million in premiums sold in the local market during the first half of the year. Assa Compañía de Seguros, Mapfre Panama and Internacional de Seguros (IS) are the three insurers that accounted for almost half of the premiums sold between January and June this year. Assa recorded premiums of $122 million, followed by Mapfre, with $102 million and IS, with $98 million. Insurance Market in Costa Rica up to March 2014Friday, May 23, 2014 The state run Nacional de Seguros and PanAmerican Life share 88% of the market in the segment of accident and health policies. The segment for Accident and Health policies showed that up to March 2014 the majority market share was held by Instituto Nacional de Seguros (INS) with 46.4% and 41.7% was held by Pan American Life, according to the Superintendent of Insurance (SUGESE). 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. |
|