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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. Costa Rica: Growth in Insurance Brokerage BusinessTuesday, November 29, 2016 The existence of 26 active brokerage companies confirms the confidence that this marketing channel continues to earn in the insurance market. Since the opening up of the Costa Rican insurance market in 2010, momentum has gained in the activity of insurance brokers, going from one single company to 26 companies. Added to this are two entities with conditional authorization given by the Superintendent of Insurance (SUG): Innova Sociedad Corredora de Seguros and Akros Corredores de Seguros, while another two have recently filed applications, and are in the stage of reviewing regulatory documents, according Elfinancierocr.com. ASSA Unveils its Portfolio of Products in Costa RicaThursday, August 5, 2010 The Panamanian insurer will offer offer 25 products in Costa Rica, available in both dollars and colones, the local currency. In a press conference, the insurance company unveiled half of its product portfolio, already available to the public. These products will be sold via brokers and agents. Opportunities in the Central American insurance marketTuesday, March 20, 2012 A low penetration level of insurance as related to GDP allows for sustainable growth of insurance businesses. In the past five years, Panama has seen an explosion of commercial development and an influx of insurance companies. The country is about to remake its insurance legislation, which is also aimed at helping the country become a regional hub for insurance and reinsurance, according to Carlos Abrahams, a director at Global Intermediaries. Global is a specialized reinsurance consultancy and brokerage in Panama City, Panama. Insurance Trends in NicaraguaWednesday, September 3, 2014 Auto policies are the fastest growing category, with an increase of 14% so far this year compared to 2013. Lack of a culture of prevention is preventing the emerging Nicaraguan insurance market from achieving high growth rates in most policies. 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. 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 ": 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. Insurance Market in Costa Rica in 2012Monday, February 18, 2013 A report by SUGESE contains information on Basic Indicators, Market Structure and Participants and Products. December 2012 Bulletin from the Superintendent of Insurance (SUGESE): Nicaragua: Insurance Market up to MarchMonday, May 26, 2014 Products in the category of life, accident and health lead the 6% increase in premiums seen in the first three months of the year compared with the same period in 2013. Total premiums paid in the first quarter amounted to $42 million, of which 37.4% were for first party car insurance, 21.0 % for fire insurance and associated lines, 19.09 % for life insurance (individual and collective) and the remaining 6.01 % for health insurance. 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. 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. 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: Insurance Market in El Salvador Not Taken OffWednesday, October 23, 2013 In the last five years penetration of the insurance market did not reach even 2% of GDP because people see insurance as an unnecessary expense. According to Richard Cohen, executive president of the Salvadoran Association of Insurance Companies (ASES), penetration of this market has the potential to grow up to four times in the next few years. However, this depends on intermediaries applying the best strategies to introduce the product, because they will be the ones to negotiate the best options for a policy with clients. |
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Wednesday, July 6, 2022 - last update: Monday, 5:34 pm
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