Wine is one of the utmost popular drinks consumed worldwide. The escalating demand for wine, because of its unusual taste and health assistances is one of the key aspects boosting the growth of the global wine market. The global wine mar…
BMI View: The Costa Rican insurance industry is set for robust growth out to 2020. Growth in the life
sector will outperform growth in the non-life sector as the former will benefit specifically from rising
incomes and a desire for savings. The non-life sector will grow based on demand for insurance of big-ticket
items such as property, motor insurance and robust growth prospects for the health insurance line. We are
nevertheless cautious about the primacy of the former state-owned monopoly INS, which had premiums of
over 80% of the total insurance industry in the country.
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? We maintain a strong outlook for the insurance industry as a whole. We forecast total insurance industry
growth of 5.0% y-o-y in 2016, with premiums reaching USD1.3bn
? Life sector growth will amount to 5.6% y-o-y in 2016, with premiums reaching USD162mn.
? Non-life sector growth will amount to about 4.9% in 2016, with premiums reaching USD1.1bn.