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Panama Insurance Q4 2018

Panama Insurance Q4 2018

Key View:

The Panama insurance industry is relatively well-established compared to its Latin American peers and is characterisedby high levels of density and penetration. The insurance sector dynamics are reflective of relatively strong household incomes andthe large national financial sector. We note that the five-year outlook for both the life and non-life sectors is positive, driven by strongheadline macroeconomic performance, rising incomes, healthy domestic consumption levels and strengthening enterprisesentiment. We are of the view that local carriers are well positioned to capitalise on the organic growth trends as they enjoysignificant economies of scale and brand loyalty. The recent high-profile exits of multinationals, including AIG and Generali, illustratesthe challenges foreign providers face in establishing a foothold in this competitive marketplace.

Key View
Industry Forecast
Life Premiums Forecast
Non-Life Premiums Forecast
Non-Life Sub-Sector Forecast
Industry Risk/Reward Index
Latin America & The Caribbean Insurance Risk/Reward Index
Market Overview
Life Market Overview
Non-Life Market Overview
Company Profile
Compania Internacional De Seguros
Insurance Methodology

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