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More Insurance Brokers in Costa RicaMonday, May 7, 2012 The number of insurance intermediary companies grew by 75% from 8 to 14 in the last twelve months. The number of insurance brokers in Costa Rica is now 14, a significant increase, up 75% from March 2011 to March 2012. While the number of intermediaries has increased, the number of insurance companies in decreased to nine during the same period, a reduction of 11.4%. Panama: Insurance Companies to Pay MoreFriday, October 14, 2011 The annual supervision and regulation rate will increase from $2500 to $50 000 for insurance companies and $75 000 for reinsurers. The new insurance and reinsurance law brings with it several changes, among which is an increase in the rate charged by the Superintendency for overseeing businesses that offer insurance in the country. 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. 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. Salvadorian Insurance Market IncreasesThursday, August 2, 2012 In the first five months of the year, the insurance market recorded an increase of 8% compared to the same period in 2011. Raul Betancourt, legal advisor to the Salvadoran Association of Insurance Companies (ASES), noted that total industry premiums amounted to $205 million. "This growth is attributed to the pension insurance and life insurance contracts", he said. Panama's Potential in ReinsuranceMonday, June 18, 2012 The country aims to position itself as an international or reinsurance hub, where companies meet the needs of other companies in Latin America The Superintendent of Insurance and Reinsurance, Luis Della Togna, said there is already interest from several companies, including Lloyd's of London, who see opportunities for growth in the region. Results of Insurance De Privatization in Costa RicaMonday, July 16, 2012 Four years after the de-monopolization of the market, the National Institute of Insurance holds 91.5% of insurance premiums and 12 private insurance companies have won the remaining 8.5%. An analysis of the topic made by Juan Pablo Arias in his article in Nacion.com, shows that the main benefit of the new competitive environment is growth of the sector in terms of policies issued, which increased by 24% from the date of de-monopolization, with growth attributed to the lowered rates. 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. Panama: Insurance Premiums Grow Up 10%Tuesday, July 1, 2014 In the first five months of the year the volume of premiums was $545 million, nearly $50 million more than in the same period in 2013. Automobiles, with premiums of $94 million and Health, with premiums of $91.8 million, are the sectors that grew the most compared to the previous period, with increases of 9.83% and 17%, respectively. Insurance Market up 14% in NicaraguaMonday, June 30, 2014 Between December 2012 and December 2013 revenue from premiums went from $138 million to $156 million. The pace of growth in the insurance sector in Nicaragua increased during the first quarter of 2014, registering premiums of $43 million, an increase of 21% compared to the same period in 2013. 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%. Private Insurance in Costa Rica Not Taking OffWednesday, November 23, 2011 Three years since the privatisation of the insurance sector, the state agency (INS) remains the main entity in the market. The market dominance of the National Insurance Institute (INS), with 94% of total premium income, is, in the opinion of the Association of Private Insurance (AAP), a result of the supervision exercised by the Superintendency of Insurance (Sugese). 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. |
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Wednesday, July 6, 2022 - last update: Monday, 5:34 pm
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