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Panama’s insurance companies aim to pass the $1 billion mark in premium sales this year. Boosted by economic growth

Thursday, October 20, 2011

The rapidly growing insurance industry in Panama aims to close this year with premium sales of $1.05 billion.

Between 2005 and 2006, premium income ranged from $400 to $450 million. Six years, the amount has been more than doubled, boosted by the growth of the nation’s economy.

The insurance companies are taking all possible measures to avoid falling victims of money-laundering and other financial crimes.

Original source (in Spanish): La Estrella