Costa Rican newspaper El Financiero reported on February 17 that, driven by medical, property and life insurance lines, Costa Rica's insurance market premium income grew 15% year on year in 2017. Per capita premiums rose from 124,000 colones in 2016 to 151,000 colones, up 13% year on year. Premium income as a share of GDP rose from 2.1% to 2.26%. As more insurance companies joined the market, the market share of the National Insurance Institute (INS) continued to decline, from 77.7% in 2016 to 75% in 2017.

Source: Ministry of Commerce