1. The Insurance Industry in Panama, Key Trends and
Opportunities to 2016
Report Details:
Published:December 2012
No. of Pages: 132
Price: Single User License – US$1950
Synopsis
The report provides in depth industry analysis, information and insights into the insurance industry
in Panama, including:
• The Panamanian insurance industry’s growth prospects by insurance segments and sub-
segments
• The competitive landscape in the Panamanian insurance industry
• The current trends and drivers of the Panamanian insurance industry
• The challenges facing the Panamanian insurance industry
• The regulatory framework of the Panamanian insurance industry
Summary
Panama’s insurance market is the one of the largest in Central America. Since 2004 the country
has seen strong economic growth and a stable political environment, which led to the growth of
the insurance industry. The country is also among the largest recipients of foreign direct
investment (FDI) among Latin American countries. Panama’s economic growth is centered upon
the Panama Canal which links the Atlantic and Pacific oceans and serves as a key crossroads of
global trade. Its huge expansion plans are considered to be one of the world''s largest
infrastructure projects, and are expected to have a significant impact on Panama’s economy and
its insurance industry.
Scope
This report provides a comprehensive analysis of the insurance industry in Panama:
• It provides historical values for the Panamanian insurance industry for the report’s 2007–2011
review period and forecast figures for the 2012–2016 forecast period
• It offers a detailed analysis of the key segments and sub-segments in the Panamanian insurance
industry, along with forecasts until 2016
• It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio,
commissions and expenses, combined ratio, total assets, total investment income and retentions
• It profiles the top insurance companies in Panama and outlines the key regulations affecting

2. them
Reasons To Buy
• Make strategic business decisions using in depth historic and forecast industry data related to
the Panamanian insurance industry and each segment within it
• Understand the demand-side dynamics, key trends and growth opportunities within the
Panamanian insurance industry
• Assess the competitive dynamics in the Panamanian insurance industry
• Identify the growth opportunities and market dynamics within key segments
• Gain insights into key regulations governing the Panamanian insurance industry and its impact
on companies and the industry''s future
Key Highlights
• Panama’s insurance market is the one of the largest in Central America.
• Since 2004 the country has seen strong economic growth and a stable political environment,
which led to the growth of the insurance industry.
• The country is also among the largest recipients of foreign direct investment (FDI) among Latin
American countries.
• Panama’s economic growth is centered upon the Panama Canal which links the Atlantic and
Pacific Oceans and serves as a key crossroads of global trade..
• Its huge expansion plans are considered to be one of the world''s largest infrastructure projects,
and are expected to have a significant impact on Panama’s economy and its insurance industry.
Get your copy of this report @
http://www.reportsnreports.com/reports/209585-the-insurance-industry-in-panama-key-trends-and-opportunities-
to-2016.html
Major points covered in Table of Contents of this report include
Table of Contents
1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 The Panamanian Insurance Industry Overview
3.1 Insurance Industry Overview
3.2 Panama Insurance Industry – Size, 2007–2016
3.3 Key Industry Trends and Drivers
3.4 Challenges
3.5 Regulation
4 Segmentation
4.1 Life Insurance Growth Prospects by Category
4.1.1 Individual life insurance
4.1.2 General annuity insurance

3. 4.1.3 Group Life insurance
4.2 Non-Life Insurance Growth Prospects by Category
4.2.1 Property insurance
4.2.2 Motor insurance
4.2.3 Liability insurance
4.2.4 Marine, aviation and transit insurance
4.3 Personal Accident and Health Insurance Growth Prospects by Category
4.3.1 Personal accident insurance
4.3.2 Health insurance
4.4 Reinsurance Segment Size by Insurance Segment, 2007–2016
5 Competitive Landscape
5.1 Overview
5.2 Leading Companies
5.2.1 Mapfre Panama – company overview
5.2.2 Assa, Compañía de Seguros, SA – company overview
5.2.3 Pan-American Life Insurance of Panama, SA – company overview
5.2.4 National Union Fire Inc. Co. of Pitts, PA – company overview
6 Macroeconomic Indicators
6.1 GDP at Constant Prices (US Dollars)
6.2 GDP Per Capita at Constant Prices (US Dollars)
6.3 GDP at Current Prices (US Dollars)
6.4 Construction Output at Current Prices (US$ Billion)
6.5 Construction Net Output at Current Prices as a Percentage of GDP
6.6 Arable Land
6.7 Exports as a Percentage of GDP
6.8 Number of Air Passengers
6.9 Healthcare Expenditure Per Capita
6.1 Employed Population
6.11 Annual Disposable Income
6.12 Annual Disposable Income Per Capita
6.13 Total Population
7 Appendix
7.1 Methodology
7.2 Contact Us
7.3 About Timetric
7.4 Disclaimer
List of Tables
Table 1: Insurance Industry Definitions
Table 2: Panamanian Insurance – Overall Written Premium by Segment (US$ Billion), 2007–2011
Table 3: Panamanian Insurance – Overall Written Premium by Segment (US$ Billion), 2011–2016
Table 4: Panamanian Insurance – Segmentation (% Share), 2007–2016

4. Table 5: Panamanian Life Insurance – Written Premium by Category (US$ Billion), 2007–2011
Table 6: Panamanian Life Insurance – Written Premium by Category (US$ Billion), 2011–2016
Table 7: Panamanian Life Insurance – Paid Claims (US$ Billion), 2007–2011
Table 8: Panamanian Life Insurance – Paid Claims (US$ Billion), 2011–2016
Table 9: Panamanian Life Insurance – Incurred Loss (US$ Billion), 2007–2011
Table 10: Panamanian Life Insurance – Incurred Loss (US$ Billion), 2011–2016
Table 11: Panamanian Life Insurance – Loss Ratio (%), 2007–2011
Table 12: Panamanian Life Insurance – Loss Ratio (%), 2011–2016
Table 13: Panamanian Life Insurance – Combined Ratio (%), 2007–2011
Table 14: Panamanian Life Insurance – Combined Ratio (%), 2011–2016
Table 15: Panamanian Life Insurance – Total Assets (US$ Billion), 2007–2011
Table 16: Panamanian Life Insurance – Total Assets (US$ Billion), 2011–2016
Table 17: Panamanian Life Insurance – Total Investment Income (US$ Billion), 2007–2011
Table 18: Panamanian Life Insurance – Total Investment Income (US$ Billion), 2011–2016
Table 19: Panamanian Life Insurance – Retentions (US$ Billion), 2007–2011
Table 20: Panamanian Life Insurance – Retentions (US$ Billion), 2011–2016
Table 21: Panamanian Individual Life Insurance – Written Premium (US$ Billion), 2007–2011
Table 22: Panamanian Individual Life Insurance – Written Premium (US$ Billion), 2011–2016
Table 23: Panamanian General Annuity Insurance – Written Premium (US$ Billion), 2007–2011
Table 24: Panamanian General Annuity Insurance – Written Premium (US$ Billion), 2011–2016
Table 25: Panamanian Group Life Insurance – Written Premium (US$ Billion), 2007–2011
Table 26: Panamanian Group Life Insurance – Written Premium (US$ Billion), 2011–2016
Table 27: Panamanian Non-Life Insurance – Written Premium by Category (US$ Billion),
2007–2011
Table 28: Panamanian Non-Life Insurance – Written Premium by Category (US$ Billion),
2011–2016
Table 29: Panamanian Non-Life Insurance – Paid Claims (US$ Billion), 2007–2011
Table 30: Panamanian Non-Life Insurance – Paid Claims (US$ Billion), 2011–2016
Table 31: Panamanian Non-Life Insurance – Incurred Loss (US$ Billion), 2007–2011
Table 32: Panamanian Non-Life Insurance – Incurred Loss (US$ Billion), 2011–2016
Table 33: Panamanian Non-Life Insurance – Loss Ratio (%), 2007–2011
Table 34: Panamanian Non-Life Insurance – Loss Ratio (%), 2011–2016
Table 35: Panamanian Non-Life Insurance – Combined Ratio (%), 2007–2011
Table 36: Panamanian Non-Life Insurance – Combined Ratio (%), 2011–2016
Table 37: Panamanian Non-Life Insurance – Total Assets (US$ Billion), 2007–2011
Table 38: Panamanian Non-Life Insurance – Total Assets (US$ Billion), 2011–2016
Table 39: Panamanian Non-Life Insurance – Total Investment Income (US$ Billion), 2007–2011
Table 40: Panamanian Non-Life Insurance – Total Investment Income (US$ Billion), 2011–2016
Table 41: Panamanian Non-Life Insurance – Retentions (US$ Billion), 2007–2011
Table 42: Panamanian Non-Life Insurance – Retentions (US$ Billion), 2011–2016
Table 43: Panamanian Property Insurance – Written Premium (US$ Billion), 2007–2011
Table 44: Panamanian Property Insurance – Written Premium (US$ Billion), 2011–2016

5. Table 45: Panamanian Motor Insurance – Written Premium (US$ Billion), 2007–2011
Table 46: Panamanian Motor Insurance – Written Premium (US$ Billion), 2011–2016
Table 47: Panamanian Liability Insurance – Written Premium (US$ Billion), 2007–2011
Table 48: Panamanian Liability Insurance – Written Premium (US$ Billion), 2011–2016
Table 49: Panamanian Marine, Aviation and Transit Insurance – Written Premium (US$ Billion),
2007–2011
Table 50: Panamanian Marine, Aviation and Transit Insurance – Written Premium (US$ Billion),
2011–2016
Table 51: Panamanian Personal Accident and Health Insurance – Written Premium by Category
(US$ Billion), 2007–2011
Table 52: Panamanian Personal Accident and Health Insurance – Written Premium by Category
(US$ Billion), 2011–2016
Table 53: Panamanian Personal Accident and Health Insurance – Paid Claims (US$ Billion),
2007–2011
Table 54: Panamanian Personal Accident and Health Insurance – Paid Claims (US$ Billion),
2011–2016
Table 55: Panamanian Personal Accident and Health Insurance – Incurred Loss (US$ Billion),
2007–2011
Table 56: Panamanian Personal Accident and Health Insurance – Incurred Loss (US$ Billion),
2011–2016
Table 57: Panamanian Personal Accident and Health Insurance – Loss Ratio (%), 2007–2011
Table 58: Panamanian Personal Accident and Health Insurance – Loss Ratio (%), 2011–2016
Table 59: Panamanian Personal Accident and Health Insurance – Combined Ratio (%),
2007–2011
Table 60: Panamanian Personal Accident and Health Insurance – Combined Ratio (%),
2011–2016
Table 61: Panamanian Personal Accident and Health Insurance – Total Assets (US$ Billion),
2007–2011
Table 62: Panamanian Personal Accident and Health Insurance – Total Assets (US$ Billion),
2011–2016
Table 63: Panamanian Personal Accident and Health Insurance – Total Investment Income (US$
Million), 2007–2011
Table 64: Panamanian Personal Accident and Health Insurance – Total Investment Income (US$
Million), 2011–2016
Table 65: Panamanian Personal Accident and Health Insurance – Retentions (US$ Billion),
2007–2011
Table 66: Panamanian Personal Accident and Health Insurance – Retentions (US$ Billion),
2011–2016
Table 67: Panamanian Personal Accident Insurance – Written Premium (US$ Billion), 2007–2011
Table 68: Panamanian Personal Accident Insurance – Written Premium (US$ Billion), 2011–2016
Table 69: Panamanian Health Insurance – Written Premium (US$ Billion), 2007–2011
Table 70: Panamanian Health Insurance – Written Premium (US$ Billion), 2011–2016

6. Table 71: Panamanian Reinsurance Ceded by Insurance Segment (US$ Billion), 2007–2011
Table 72: Panamanian Reinsurance Ceded by Insurance Segment (US$ Billion), 2011–2016
Table 73: Panamanian Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Table 74: Panamanian Life Insurance – Percentage of Reinsurance Ceded (%),2011–2016
Table 75: Panamanian Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Table 76: Panamanian Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Table 77: Panamanian Personal Accident and Health Insurance – Percentage of Reinsurance
Ceded (%), 2007–2011
Table 78: Panamanian Personal Accident and Health Insurance – Percentage of Reinsurance
Ceded (%), 2011–2016
Table 79: Panamanian Insurance Industry Shares, 2011
Table 80: Mapfre Panama, Main Products
Table 81: Mapfre Panama, Key Employees
Table 82: Assa, Compañía de Seguros, SA, Main Products
Table 83: Assa, Compañía de Seguros, SA, Key Employees
Table 84: Pan-American Life Insurance of Panama, SA, Main Products
Table 85: National Union Fire Inc. Co. of Pitts, PA, Main Products
List of Figures
Figure 1: Panamanian Insurance – Overall Written Premium by Segment (US$ Billion), 2007–2016
Figure 2: Panamanian Insurance – Dynamics by Segment, 2007–2016
Figure 3: Panamanian GDP and Gross Written Premium – Growth Comparison (%), 2006–2012
Figure 4: Panamanian Life Insurance – Written Premium by Category (US$ Billion), 2007–2016
Figure 5: Panamanian Life Insurance – Written Premium by Category (% Share), 2011 and 2016
Figure 6: Panamanian Life Insurance – Dynamics by Category, 2007–2016
Figure 7: Panamanian Life Insurance – Paid Claims (US$ Billion), 2007–2011
Figure 8: Panamanian Life Insurance – Paid Claims (US$ Billion), 2011–2016
Figure 9: Panamanian Life Insurance – Incurred Loss (US$ Billion), 2007–2011
Figure 10: Panamanian Life Insurance – Incurred Loss (US$ Billion), 2011–2016
Figure 11: Panamanian Life Insurance – Loss Ratio (%), 2007–2011
Figure 12: Panamanian Life Insurance – Loss Ratio (%), 2011–2016
Figure 13: Panamanian Life Insurance – Combined Ratio (%), 2007–2011
Figure 14: Panamanian Life Insurance – Combined Ratio (%), 2011–2016
Figure 15: Panamanian Life Insurance – Total Assets (US$ Billion), 2007–2011
Figure 16: Panamanian Life Insurance – Total Assets (US$ Billion), 2011–2016
Figure 17: Panamanian Life Insurance – Total Investment Income (US$ Billion), 2007–2011
Figure 18: Panamanian Life Insurance – Total Investment Income (US$ Billion), 2011–2016
Figure 19: Panamanian Life Insurance – Retentions (US$ Billion), 2007–2011
Figure 20: Panamanian Life Insurance – Retentions (US$ Billion), 2011–2016
Figure 21: Panamanian Life Insurance – Investment (US$ Billion), 2007–2011
Figure 22: Panamanian Life Insurance Penetration (% of GDP), 2007–2011
Figure 23: Panamanian Life Insurance – Premium Per Capita (US$), 2007–2011

7. Figure 24: Panamanian Individual Life Insurance – Written Premium (US$ Billion), 2007–2011
Figure 25: Panamanian Individual Life Insurance – Written Premium (US$ Billion), 2011–2016
Figure 26: Panamanian General Annuity Insurance – Written Premium (US$ Billion), 2007–2011
Figure 27: Panamanian General Annuity Insurance – Written Premium (US$ Billion), 2011–2016
Figure 28: Panamanian Group Life Insurance – Written Premium (US$ Billion), 2007–2011
Figure 29: Panamanian Group Life Insurance – Written Premium (US$ Billion), 2011–2016
Figure 30: Panamanian Non-Life Insurance – Written Premium by Category (US$ Billion),
2007–2016
Figure 31: Panamanian Non-Life Insurance – Written Premium by Category (% Share), 2011 and
2016
Figure 32: Panamanian Non-Life Insurance – Dynamics by Category, 2007–2016
Figure 33: Panamanian Non-Life Insurance – Paid Claims (US$ Billion), 2007–2011
Figure 34: Panamanian Non-Life Insurance – Paid Claims (US$ Billion), 2011–2016
Figure 35: Panamanian Non-Life Insurance – Incurred Loss (US$ Billion), 2007–2011
Figure 36: Panamanian Non-Life Insurance – Incurred Loss (US$ Billion), 2007–2016
Figure 37: Panamanian Non-Life Insurance – Loss Ratio (%), 2007–2011
Figure 38: Panamanian Non-Life Insurance – Loss Ratio (%), 2011–2016
Figure 39: Panamanian Non-Life Insurance – Combined Ratio (%), 2007–2011
Figure 40: Panamanian Non-Life Insurance – Combined Ratio (%), 2011–2016
Figure 41: Panamanian Non-Life Insurance – Total Assets (US$ Billion), 2007–2011
Figure 42: Panamanian Non-Life Insurance – Total Assets (US$ Billion), 2011–2016
Figure 43: Panamanian Non-Life Insurance – Total Investment Income (US$ Billion), 2007–2011
Figure 44: Panamanian Non-Life Insurance – Total Investment Income (US$ Billion), 2011–2016
Figure 45: Panamanian Non-Life Insurance – Retentions (US$ Billion), 2007–2011
Figure 46: Panamanian Non-Life Insurance – Retentions (US$ Billion), 2011–2016
Figure 47: Panamanian Non-Life Insurance – Investment (US$ Billion), 2007–2011
Figure 48: Panamanian Non-Life Insurance Penetration (% of GDP), 2007–2011
Figure 49: Panamanian Non-Life Insurance – Premium Per Capita (US$), 2007–2011
Figure 50: Panamanian Property Insurance – Written Premium (US$ Billion), 2007–2011
Figure 51: Panamanian Property Insurance – Written Premium (US$ Billion), 2011–2016
Figure 52: Panamanian Motor Insurance – Written Premium (US$ Billion), 2007–2011
Figure 53: Panamanian Motor Insurance – Written Premium (US$ Billion), 2011–2016
Figure 54: Panamanian Liability Insurance – Written Premium (US$ Billion), 2007–2011
Figure 55: Panamanian Liability Insurance – Written Premium (US$ Billion), 2011–2016
Figure 56: Panamanian Marine, Aviation and Transit Insurance – Written Premium (US$ Billion),
2007–2011
Figure 57: Panamanian Marine, Aviation and Transit Insurance – Written Premium (US$ Billion),
2011–2016
Figure 58: Panamanian Personal Accident and Health Insurance – Written Premium by Category
(US$ Billion), 2007–2016
Figure 59: Panamanian Personal Accident and Health Insurance – Written Premium by Category
(% Share), 2011 and 2016

8. Figure 60: Panamanian Personal Accident and Health Insurance – Dynamics by Category,
2007–2016
Figure 61: Panamanian Personal Accident and Health Insurance – Paid Claims (US$ Billion),
2007–2011
Figure 62: Panamanian Personal Accident and Health Insurance – Paid Claims (US$ Billion),
2011–2016
Figure 63: Panamanian Personal Accident and Health Insurance – Incurred Loss (US$ Billion),
2007–2011
Figure 64: Panamanian Personal Accident and Health Insurance – Incurred Loss (US$ Billion),
2007–2016
Figure 65: Panamanian Personal Accident and Health Insurance – Loss Ratio (%), 2007–2011
Figure 66: Panamanian Personal Accident and Health Insurance – Loss Ratio (%), 2011–2016
Figure 67: Panamanian Personal Accident and Health Insurance – Combined Ratio (%),
2007–2011
Figure 68: Panamanian Personal Accident and Health Insurance – Combined Ratio (%),
2011–2016
Figure 69: Panamanian Personal Accident and Health Insurance – Total Assets (US$ Billion),
2007–2011
Figure 70: Panamanian Personal Accident and Health Insurance – Total Assets (US$ Billion),
2011–2016
Figure 71: Panamanian Personal Accident and Health Insurance – Total Investment Income (US$
Million), 2007–2011
Figure 72: Panamanian Personal Accident and Health Insurance – Total Investment Income (US$
Million), 2011–2016
Figure 73: Panamanian Personal Accident and Health Insurance – Retentions (US$ Billion),
2007–2011
Figure 74: Panamanian Personal Accident and Health Insurance – Retentions (US$ Billion),
2011–2016
Figure 75: Panamanian Personal Accident and Health Insurance – Investment (US$ Billion),
2007–2011
Figure 76: Panamanian Personal Accident and Health Insurance – Penetration (% of GDP),
2007–2011
Figure 77: Panamanian Personal Accident and Health Insurance – Premium Per Capita (US$),
2007–2011
Figure 78: Panamanian Personal Accident Insurance – Written Premium (US$ Billion), 2007–2011
Figure 79: Panamanian Personal Accident Insurance – Written Premium (US$ Billion), 2011–2016
Figure 80: Panamanian Health Insurance – Written Premium (US$ Billion), 2007–2011
Figure 81: Panamanian Health Insurance – Written Premium (US$ Billion), 2011–2016
Figure 82: Panamanian Reinsurance Ceded by Insurance Segment (US$ Billion), 2007–2016
Figure 83: Panamanian Reinsurance – Dynamics by Insurance Segment, 2007–2016
Figure 84: Panamanian Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Figure 85: Panamanian Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016

9. Figure 86: Panamanian Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Figure 87: Panamanian Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Figure 88: Panamanian Personal Accident and Health Insurance – Percentage of Reinsurance
Ceded (%), 2007–2011
Figure 89: Panamanian Personal Accident and Health Insurance – Percentage of Reinsurance
Ceded (%), 2011–2016
Figure 90: Panamanian Insurance Industry – Shares 2011
Figure 91: Panamanian GDP at Constant Prices (US$ Billion), 2007–2011
Figure 92: Panamanian GDP Per Capita at Constant Prices (US$), 2007–2011
Figure 93: Panamanian GDP at Current Prices (US$ Billion), 2007–2011
Figure 94: Panamanian Construction Net Output at Current Prices (US$ Billion), 2007–2011
Figure 95: Panamanian Construction Output at Current Prices as a Percentage of GDP (%),
2007–2011
Figure 96: Panamanian Arable Land (Thousand hectares), 2007–2011
Figure 97: Panamanian Exports as a Percentage of GDP (%), 2007–2011
Figure 98: Panamanian Number of Air Passengers (Million), 2007–2011
Figure 99: Panamanian Healthcare Expenditure Per Capita (US$), 2007–2011
Figure 100: Panamanian Employed Population (%), 2007–2011
Figure 101: Panamanian Annual Disposable Income (US$ Billion), 2007–2011
Figure 102: Panama Annual Disposable Income Per Capita (US$), 2007–2011
Figure 103: Panama Total Population (Million), 2007–2011
Contact: sales@reportsandreports.com for more information.