Saturday, 8 August 2020

Insurance in Central America: Optimism at the End of 2019

Except for Nicaragua, which projects a decline in revenues, Fitch Ratings estimates that by year-end the region’s insurance markets will have grown from 3% to 8%.

According to the report Perspectives of Insurance Industry in Central America, prepared by the rating agency Fitch Ratings, El Salvador will be the market that in 2019 will register more dynamism in the region, reporting an 8% increase over revenues reported in 2018.

According to forecasts Costa Rica will follow with a 6% variation, Panama and Guatemala with increases close to 4%, and Honduras would grow 3%. In the case of Nicaragua, the fall in revenues would amount to 2%.

- paying the bills -

Eduardo Recinos, senior director of Fitch Ratings, told Elmundo.sv that “… El Salvador is the Central American country that ‘produces’ more in the area of insurance, as until August this year recorded a 6.6% growth, double the contribution in 2018.”

Recinos added that “… in recent months has seen a significant boom in the Salvadoran industry, especially in life insurance, as they represent the largest percentage in the portfolio of the sector.”

Source: Centralamericadata.com

- paying the bills -
- paying the bills -
Rico
Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

For black and indigenous people in Central America, Black Lives Matter

(Global Voices) Indigenous and black Central Americans expressed solidarity online for...

One Cuban Family’s Long And Risky Journey To A New Life In The U.S.

Currently, there are almost 2,000 migrants in Panama shelters from Cuba,...

MOST READ

U.S. plan to return Asian companies to the Americas could have benefits for Costa Rica

(QCOSTARICA) A plan by U.S. President Donald Trump's administration to encourage U.S. companies from that to return their operations from Asia to the Americas...

AmCham Asks Government To Authorize Flights From USA To Improve Tourist Rebound

(QCOSTARICA) The North American Costa Rican Chamber of Commerce (AmCham) urged the Government of Carlos Alvarado to allow commercial flights from the United States...

Prosecutor’s Office: suspect drowned tourist in the sea and stole her cell phone

(QCOSTARICA) Mexican tourist María Trinidad Matus Tenorio was drowned on the beach of Santa Teresa in Cóbano, and the alleged suspect in killing her...

Passenger on first flight shares her experience on arrival to Costa Rica

(QCOSTARICA) Posted by Nef Powell‎ to Expatriates in Costa Rica Facebook group: I flew into Costa Rica last night. I wanted to just share...

COVID-19 in Costa Rica: 367 new cases on August 1; ICU cases almost 100

(QCOSTARICA) The Ministry of Health reported 367 new cases for Saturday, August 1, with a cumulative total of 18.187. The number recovered increased to 4,531. The...

Tourists can now enter the country with international insurance!!!

(QCOSTARICA) Costa Rica President Carlos Alvarado; and the ministers of Health, Daniel Salas; and Public Safety, Michael Soto, issued an Executive Decree this Wednesday...

Let's Keep This Going!

To be updated with all the latest news and information about Costa Rica and Latin America.