Panama: Insurance Market Up 4%


News from Panama / Tuesday, January 16th, 2018

Between January and October 2017, premiums grew 4% compared to the same period in 2016, explained in part by a 9% increase in health insurance and 14% in collective life insurance.

Figures published by the Comptroller General of the Republic indicate that premiums in the Individual Life insurance sector registered an increase of 4.4%, while those of Health increased 9%. On the other hand, collective life insurance premiums increased 14.3%. 

Auto insurance premiums grew 4% in the period in question, while those for Other Transports fell almost 18%.

See figures. 

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