New Insurer to Operate in El Salvador

The company, mostly funded by Dominican capital, has been authorized to sell insurance to people in the fields of life, health and personal accident.

An article in Elsalvador.com reports, "In September 2010, Aseguradora Mundial made an endorsement of share certificates and now 60% of the shares belong to the Vivir Insurance Company S.A. of Panama who hold the company's shares with ARS Humano who are based in the Dominican Republic.

Vivir’s presence in Panama is part of a Central American expansion plan by the main shareholders of the insurance industry leader in health from the Dominican Republic which had premium income of over $250 million in 2010. "

Source: elsalvador.com

More on this topic

More Medical Insurance Comes to Guatemala

April 2012

Three international insurers, BUPA Latinamerica, BMI Companies and Best Doctors Insurance Limited are organizing their entry into the health insurance market in Guatemala.

Best Doctors Insurance Limited has agreements with Agromercantil Seguros SA, a local insurer to offer personal and business insurance. The formalization of their entry into the market is Wednesday, May 2nd.

Guatemala: Insurance Companies Broaden Range of Services

November 2011

Before new insurance companies join the market insurers are expanding their range of products and services.

Starting next year it is expected that the Superintendency of Banks (SIB) will authorize the insurers Best Meridian Insurance Company (BMI) and the British Union Provident Association (Bupa) to start operations .

Pan-American Life Starts Operations in Costa Rica

July 2010

The insurer will launch a strong campaign to enter the market, looking to create demand for its services.

Eugenio Magdalena, executive vice president of International Markets at Pan-American, remarked that the company will provide individual insurance, focusing on life, health and accident policies.

Health Insurance in Costa Rica

February 2012

The Decline of the State Social Security Fund is forcing Costa Ricans to seek private health insurance.

Buying private health insurance could be an option for Costa Ricans in the face of deficiencies in the Social Security Fund (CCSS), a state health system that is ailing.