Speaking at a luncheon yesterday of the Dominican Association of Insurance Brokers (ADOCOSE), Superintendent of Insurance Euclides Gutiérrez Félix said that the DR has become Latin America’s second best insurance market. The premium per capita in the DR was US$32.29 in 1998, up from US$13.23 in 1990 and putting the DR behind only Panama. However, the DR market grew faster during the 1990-98 than did that of Panama 177% versus 103% — despite the fact that the DR has only one-fifth the number of brokers (324 versus Panama’s 1773). Hence, he predicted, the DR will soon take first place. He pointed out that insurance sector’s share of the Gross Domestic Product (GDP) is only 1.6%, under the 1.7% average for Latin America.
