Costa Rica’s Insurance Market

Last June, according to the premium income figures, registered insurance lines and assets, INS was first, followed by Assa and Alico with its life and health insurance lines.

"Where Assa stands out is in general insurance, where in the first half of this year it accumulated almost $6.7 million in premiums paid, this amount was generated by 42 different products, especially those covering property damage", wrote Sergio Morales on Elfinancierocr.com.

In the case of the Spanish company Mapfre, their policies covering cars and property damage earned them $4.3 million by June.

Despite the growth achieved by new insurance companies, the main player in the market remains the INS with a total of $275 million.

In relation to its financial size, the advantage of INS is still strong. In terms of assets, the amounts are hardly comparable. The state registers $2,136 million, followed by Mapfre with $ 13.2 million.

Source: elfinancierocr.com

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