Panamanian Insurer Ventures into El Salvador

ASSA Compañía de Seguros S.A, a Panamanian company, started operations in El Salvador with an initial investment of $3.2 million, according to El Diario de Hoy.

ASSA has secured 85 percent of the value of contracts for the development of the extension of the Panama Canal. According to the newspaper, it aims to gain 8 percent of the Salvadoran insurance market in the medium term.

Its business portfolio includes group life insurance, personal accident and all general insurance products to protect its policy holders against fire, vehicle accidents and other hazards.

Source: elsalvador.com

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