Pan American Life Authorized to Operate in Costa RicaWednesday, March 3, 2010 Pan American Life Insurance Costa Rica S.A. was authorized to operate by Sugese, the Insurance Superintendence. The insurance company requested authorization on September 2009, and has now become the sixth to enter the Costa Rican market. American Life Insurance in Costa RicaMonday, August 17, 2009 The multinational company American Life Insurance is the third foreign insurer interested in operating in Costa Rica. Alico, a subsidiary of American International Group (AIG), began the process for obtaining authorization to operate in the local insurance market. Pan American Life To Sell Insurance in Costa RicaThursday, June 24, 2010 Pan American Life Insurance was finally authorized by the Insurance Superintendence to operate in the country. The company will sell individual life and health insurance, as well as group life, accident and health insurance. One of its core products is a policy for large medical costs, which will allow individuals to get expensive health care both in Costa Rica and abroad. ASI Insurer Would Enter Costa RicaMonday, September 14, 2009 Puerto Rican Atlantic Southern Insurance Company (ASI), started the procedures to operate in the country. The company plans to market life, accident and health insurance for working class clients. Asico Authorized to Operate in Costa RicaWednesday, December 15, 2010 The Superintendence of Insurance (SUG) announced the approval of the branch of the insurance company. Atlantic Southern Insurance Company (ASIC) joins ten insurance companies which are already authorized by SUG. Pan American Life To Operate in Costa RicaThursday, October 1, 2009 Insurer Pan American Life Insurance Group (Palig), submitted a request to operate in the country. Its President, José Suquet, announced the company's interest in commercializing individual and collective life insurance, as well as accident and health insurance, while staying out of vehicle and disaster insurance. Honduran Insurance MarketTuesday, June 14, 2011 The health insurance sector has been growing since 2003, at a rate of $5 million annually. 15.7%. of the total contracts signed were for health insurance. lnsurance Market After PrivatizationMonday, February 27, 2012 In Costa Rica private insurers have come into the market, primarily selling life and car insurance, with customers seeing lower rates. Although the National Institute of Insurance (INS) remains the undisputed market leader, private insurers are gradually gaining ground, particularly in the areas of auto and life policies. 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. Panama: 3 Companies Bid For Insurance ServicesWednesday, March 10, 2010 Pan Americal Life, “Internacional de Seguros” and “ASSA Seguros” have bid for supplying the government with insurance services. The $24 million contract comprises collective life and health insurance for the security employees of the government. Honduran Insurance Companies Grew by 14% in 2008Monday, March 16, 2009 Insurance premiums in Honduras grew by $35 million in 2008, reaching a total of $282 million. The market was led by Interamericana Insurance with 25.1% of the total ($70 million), followed by Insurance Atlántida with 17.3% ($48 million) and HSBC Insurance with 15.2% ($42 million). 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. 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 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. |
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