General insurance companies increased their premium issuance to $14.62 billion, 9,53% more than the amount achieved in 2018.
2019 was good news for the insurance sector, because according to data published on the website of the Financial Superintendence, last year, the premiums issued by life insurance companies increased by 11,15%. They increased from 1TP3Q13.92 billion to 1TP3Q15.47 billion. By the end of 2019, 18 firms offered products and services in this market segment.
CARLOS SANCHEZ
PRESIDENT OF BMI INSURANCE
"In real terms, the insurance market continues to grow and this, in the face of low penetration, would make us think that every day there is more awareness of being insured."
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