Best’s Market Segment Report: AM Best Places Negative Outlook on Costa Rica’s Insurance Market

Business Wire

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MEXICO CITY--(BUSINESS WIRE)--AM Best has assigned a negative market segment outlook on Costa Rica’s insurance industry, owing to the COVID-19 pandemic, which has impacted economic activity and public finances. The new Best’s Market Segment Report, titled, “Market Segment Outlook: Costa Rica Insurance,” notes that as of December 2020, Costa Rica’s insurance market registered CRC 842 billion (USD 1.4 billion) in premiums, with year-over-year growth of 1.1%, slower than previous periods, primaril

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