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, 2014

(U.S. $ millions)

  Direct premiums written
Nonlife premiums (1) $1,032
Life premiums 312
Total premiums $1,343
Percent of total world premiums 0.03%

(1) Includes accident and health insurance.

Source: Swiss Re, sigma, No. 4/2015.

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LEADING NONLIFE INSURANCE COMPANIES, 2014

  Gross written premiums
Company PAB Mn USD Mn
Internacional de Seguros 188.3 188.3
ASSA 122.5 122.5
MAPFRE 95.2 95.2
Assicurazioni Generali 63.7 63.7
Aseguradora Ancon 54.6 54.6
Suramericana 44.2 44.2
Nacional de Seguros de Panama y Centroamerica 43.5 43.5
Seguros Banistmo 28.3 28.3
Banesco Seguros 25.9 25.9
Aliado Seguros 23.8 23.8

Source: Axco Insurance Information Services.

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LEADING LIFE INSURANCE COMPANIES, 2014

  Gross written premiums
Company PAB Mn; USD Mn
Internacional de Seguros 122.0 122.0
Pan American Life Insurance de Panama 95.5 95.5
ASSA 84.4 84.4
MAPFRE 83.1 83.1
World Wide Medical Assurance 42.9 42.9
Assicurazioni Generali 42.9 42.9
Seguros Banistmo 22.9 22.9
Aseguradora Ancon 15.8 15.8
Suramericana 15.6 15.6
Empresa General de Seguros 14.9 14.9

Source: Axco Insurance Information Services.

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