Fitch recently released a report on the Costa Rican Insurance Market, “Sector Seguros de Costa Rica: Solvente y Competitivo Ante la Apertura.” The report finds that, excluding Panama, Costa Rica is Central America’s largest and fastest-growing insurance market even before it is opened to private competition. The Costa Rican market has grown by 28% over the last year and had net premiums of $290 million in the first half of 2008. Fitch expects growth and market penetration to continue as entry of private companies into the market begins to increase price competition.
For a copy of the report, please click here.
For our previous posts on the Costa Rican insurance market, please click here.