Panama

The country profile below provides information on population, gross domestic product, insurance premiums and leading insurers.

Insurance Association

Panamanian Insurance Association
Asociacion Panamena de Aseguradores
Web: www.bnamericas.com

 

POPULATION, 2011-2014 (1)

Year Population
2011 3,460,462
2012 3,510,045
2013 3,559,408
2014 3,608,431

(1) Estimated.

Source: U.S. Central Intelligence Agency.

 

 

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Year GDP
2009 $39.3
2010 40.3
2011 44.8
2012 48.8
2013 61.5

(1) Based on Purchasing Power Parity calculations, which take into account the relative cost of living and inflation rates of countries. GDP estimate for July for each year shown.

Source: U.S. Central Intelligence Agency.

 

 

LIFE AND NONLIFE INSURANCE PREMIUMS, 2013

(U.S. $ millions)

  Direct premiums written
Nonlife premiums (1) $965
Life premiums 280
Total premiums $1,244
Percent of total world premiums 0.03%

(1) Includes accident and health insurance.

Source: Swiss Re, sigma, No. 3/2014.

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LEADING NONLIFE INSURANCE COMPANIES, 2013

  Gross written premiums
Company PAB Mn USD Mn
ASSA  130.2 130.2
Internacional de Seguros  120.7 120.7
MAPFRE  87.3 87.3
Assicurazioni Generali 60.5 60.5
Aseguradora Ancon  55.8 55.8
Nacional de Seguros de Panama y Centroamerica  40.0 40.0
Suramericana  35.8 35.8
AIG Seguros Panama  31.1 31.1
Banesco Seguros  29.9 29.9
Seguros Banistmo  28.0 28.0

Source: Axco Insurance Information Services.

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LEADING LIFE INSURANCE COMPANIES, 2013

  Gross written premiums
Company PAB Mn USD Mn
Pan American Life Insurance de Panama 83.6 83.6
Internacional de Seguros  82.5 82.5
MAPFRE  77.8 77.8
ASSA  77.1 77.1
Assicurazioni Generali  46.2 46.2
Seguros Banistmo  25.2 25.2
World Wide Medical Assurance  21.3 21.3
Aseguradora Ancon  14.6 14.6
Suramericana  14.2 14.2
Empresa General de Seguros 12.9 12.9

Source: Axco Insurance Information Services.

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