Costa Rica Insurance Spending Growing, Reaches Average of Latin America
Costa Rica Insurance Spending Growing, Reaches Average of Latin America
Annual average per capita expenditure on compulsory and voluntary insurance policies grew from US$140 in 2009 to US$246 in 2016, approaching the Latin American average, which stands at US$250.
In addition to an increase in the supply of insurance that came after the end of the market monopoly in 2008, insurers and authorities at the Superintendency also attribute the increase in spending to…
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