Insurance

Panama Insurance 2014
Following the heavy investment in infrastructure projects of the past few years, the insurance sector has enjoyed a prosperous period. The industry is estimated to be managing assets of around $1.9bn, of which investments comprise $1.3bn, or 70% of the total. As a result of Law 12 of 2012 a new legal framework was created to regulate the sector, bringing it more in line with international standards and offering consumer protection clauses for the first time in Panama. The economy’s recent positive performance has also attracted new insurance companies and reduced the market’s concentration. However, the end of infrastructure projects and uncertainties related to the Panama Canal’s expansion could slow down growth, while strong competition, higher-than average inflation and lower returns on investments are putting downward pressure on insurance companies’ profits. This chapter includes interviews with Dino Mon, Director, MAPFRE-Panama; and Gabriel de Obarrio, CEO, Generali Panama Branch.
Share
Cover of The Report: Panama 2014

The Report

This chapter is from the Panama 2014 report. Explore other chapters from this report.

Interviews & Viewpoints

Sketch of Gabriel de Obarrio, CEO, Generali Panama Branch
OBG talks to Gabriel de Obarrio, CEO, Generali Panama Branch

Covid-19 Economic Impact Assessments

Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.

Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.

Register Here×

Product successfully added to shopping cart