Costa Rican Insurance Industry is Governed by the Superintendencia General de Seguros de Costa Rica

Date: 2015-09-07

“• The Costa Rican insurance industry grew in terms of gross written premium at a review-period CAGR of 13.4%.

• Government’s liberalization initiative and implementation of new insurance law is expected to support the industry’s growth.

• The Central American Association Agreement is expected to encourage European insurers to participate in the country’s insurance industry. 

• The non-life segment accounted for 75.2% of the industry’s gross written premium in 2014.

• Motor insurance was the largest category in non-life segment in terms of gross written premium during the review period.

• The Costa Rican insurance industry is governed by the Superintendencia General de Seguros de Costa Rica (Sugese).

• The Costa Rican insurance industry had 13 insurers as of 2014, with INS as the largest insurer in both general and personal lines of business.”

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