19% Increase in Insurance Premiums in Guatemala

According to the Guatemalan Association of Insurance Institutions (Agis), the increase for the category of health insurance was 35.1%, for life policies the increase was 20.8%. Other areas reporting increases were fire 4.4%, and vehicles 13.2%.

"The increase is due to a change in the accounting system for premiums which was established in January 2011 with the observance of the Law on Insurance Activity, said Enrique Murillo, CEO of Agis”, in an article in Prensalibre.com

Source: prensalibre.com

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