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Guatemalan insurance market grows 7.2 percent a year

Monday, December 6, 2010

Guatemala’s insurance market grew by 7.2 percent in the first three quarter of the year, compared with the same period of 2009.

Some sectors grew at a higher rate. Accident insurance rose by 9.6 percent year-on-year, and life was up by 9.3 percent.

However, premium income declined for aviation and automobile insurance dropped by 3.1 percent and 0.1 percent respectively as a result of continued difficulties in the economy.

Original source (in Spanish): Prensa Libre