Regulation of Defense and Consumer Protection Insurance
Wednesday, July 17, 2013
The rights of Costa Rica insurance consumers to receive timely responses to any notice of a claim, complaint, reclamation or request filed with the insurers are to be preserved.
From the aims of the Rules of Defense and Consumer...
Panama: Insurance Sales Up 18%
Tuesday, July 16, 2013
During the first five months of 2013 $97 million worth was sold, predominantly in the categories of car insurance, health and group life policies.
According to Carlos Berguido, director of the Panamanian...
New Insurance Packages in Guatemala
Wednesday, July 10, 2013
Insurers in the country are extending their range of products with services such as coverage for vehicles over 20 years old, accidental death, unemployment and others.
According to Christian Wolck, manager of the insurance...
Market Opening Led to Lower Insurance Rates
Tuesday, July 2, 2013
After two years of full competition in Costa Rica, insurers are keeping in place aggressive pricing tactics and incentives in the battle for customers.
In an interview conducted by Sergio Morales for...
Reform to Fonat Law Approved in El Salvador
Thursday, June 27, 2013
The reform excludes from payment cargo carriers that already have private insurance coverage in place in Central America.
From a press release by the Legislative Assembly of El...
Statistics on Private Insurers in Costa Rica
Wednesday, 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...
El Salvador: Insured Truckers Won't Pay FONAT
Tuesday, June 25, 2013
An agreement has been made to reform the law "Fondo de Atención para Víctimas de Accidentes de Tránsito" (Fund for Attention to Traffic Accident Victims) to exempt carriers carriers who already have private insurance from additional charges.
The agreement was reached in the Finance Committee of...
Honduras Tenders Insurance Policies
Monday, June 24, 2013
The Central Bank of Honduras is putting out to tender a policy against fire and related lines to protect the infrastructure and content of houses financed by the Plan for Social Assistance, in the amount of $39.1 million.
"Contracting out of a policy against...
Three Insurance Companies Dominate in Panama
Monday, June 17, 2013
During the first quarter of this year, the sum of the premiums of Assa Compañía de Seguros, Compañía Internacional de Seguros and Mapfre Panamá was around $198 million.
This ranking of premiums prepared by the Superintendency...
Panama: Law on Fire Fighters Sanctioned
Thursday, June 13, 2013
Insurance companies must pay a tax of 2% to the National Treasury to be deposited in a special account belonging to the Fire Department.
From a press release from the Government of...