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.

If you would be interested in learning more about the Costa Rican or other Latin American (re)insurance markets and/or regulatory environments, please click the “Email the Editor” button and provide your contact information for follow-up by an EAPD attorney.