Pan-American Life Starts Operations in Costa Rica

The insurer will launch a strong campaign to enter the market, looking to create demand for its services.

Wednesday, July 21, 2010


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Eugenio Magdalena, executive vice president of International Markets at Pan-American, remarked that the company will provide individual insurance, focusing on life, health and accident policies.

“Alfredo Ramirez, local manager of the company, explained that their first product will be a collective life and health insurance and that it will be available on August”, reported Elfinancierocr.com.

More on this topic

Panama: 3 Companies Bid For Insurance Services

March 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.

“Pan American Life bid $21.53 million, ‘Internacional de Seguros’ $20.82 million and ASSA $19.48 million”, reported Prensa.com.

Private Insurers Sell More Personal Policies

June 2012

Two new companies sold 17% of this sector of the Costa Rican market.

Panamerican Life and Seguros de Alico are the main rivals of the National Insurance Institute (INS), with a share of 14% of the personal insurance policies sold in the Costa Rican market, while other private companies control 4%.

Pan American Life To Sell Insurance in Costa Rica

June 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.

Increase in Sales of Health Insurance in Costa Rica

November 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.

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Aseguradora Ancón

Organization that operates in Panama.
Phone: (507) 210-8787

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