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Car and life premiums lead competition between Costa Rica state and private insurers

Monday, February 27, 2012

Car and life insurance premiums are the most competitive among Costa Rica's state-owned Instituto Nacional de Seguros and the 11 private insurance companies registered in thet country.

Private insurance companies hold a 6 percent share in Costa Rica after the state monopoly in August 2008, according to the country's insurance authority.

In 2011, insurance premium sales generated more than $780 million, a 6 percent increase compared with 2010. The Instituto Nacional de Seguros sold 93 percent of last year's insurance premiums.

Source (in Spanish): La Nación