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The insurance market in Costa Rica continues to attract more players.
The Superintendente de Seguros (Superintendent of Insurance), Javier Cascante, said Sagicor Costa Rica was the latest to receive conditional approval and added that “a couple more” insurance companies are interest in Costa Rica.
With the Sagicor approval last month, Costa Rica now has 12 duly authorized insurance companies.
The head of the Superintendencia General de Seguros (SUGESE) – Superintendent of Insurance – expects the market to continue growing for the remainder of this year, at the same rate in the first four months.
Between January and April of this year, direct premiums reached a total of ¢155 billion coones, an increase of 16% over the same period in 2011.by