In 2016 subscriptions to insurance policies grew by only 0.5% compared to the previous year, which is below the growth rate of 3.4% recorded between 2014 and 2015.

The speed at which premiums are growing in the Panamanian insurance market has been declining since 2013. Between 2012 and 2013, registered growth was 9.3%, followed by an increase of 7.9% between 2013 and 2014.

Figures from the General Comptroller show that in 2016 insurance premiums in the field of personal accident were the fastest growing category, with an increase of 41% compared to 2015. The were followed by health insurance policies and group life policies, each with increases of 10%.

In total the value of premiums written in the year was $1.396 billion, while in 2015 the total was $1.388 billion.

See statistics by the SSF.