Insurance Market in Dominican Republic: 2019Q3 Overview
Insurance industry net premiums written in Dominican Republic totaled USD 1002 million, with premiums recorded by life/annuity insurers accounting for 43 percent, and premiums by property/casualty (P/C) insurers accounting for 57 percent.
P/C insurance consists primarily of auto and fire insurance. On the other hand, life insurance consists mainly of health insurance and group life products.
There are 31 insurance companies in Dominican Republic. The five most important insurers together manage 73% of the market volume.
Insurance carriers and related activities will contribute 1.3 percent to the nation’s gross domestic product (GDP) in 2019 according to the Insurance in Latin America 2019 Report.
Life and P/C Insurance net premiums written, market share
TOP 10 Insurance Companies in Dominican Republic performance summary
Annual performance, Net Premiums Written, USD
Annual performance, Market Share, %