Ninth Insurance Company Opens in Costa Rica

August 25, 2010 at 8:08 pm Leave a comment

By Adam Williams
Tico Times Staff |

Good news to all vehicle owners!!

The Quálitas Insurance Company, a Mexico-based auto insurer, has been approved to compete in the Costa Rican insurance market. Quálitas, which insures an estimated 20 percent of Mexico’s drivers, is the ninth company to be approved by the Insurance Superintendency (SUGESE) to operate in Costa Rica. The country’s insurance market was opened to competition when the Central American Free-Trade Agreement with the U.S. (CAFTA) came into effect on Jan. 1, 2009. Prior to CAFTA, the National Insurance Institute (INS) had been the country’s sole insurance provider since its creation in 1924.

According to a press release by SUGESE, Quálitas has been approved conditionally. Quálitas has four months to meet additional requisites set by SUGESE before it can sell policies in Costa Rica.

Quálitas, which has provided auto insurance in Mexico since 1994, also sells policies in El Salvador.

Quálitas joins INS, Alico, Mapfre, Seguros del Magisterio, Assa, Pan American Life, Aseguradora del Istmo Adisa, and Seguros Bolivar as an approved insurance provider in Costa Rica.


Entry filed under: CAFTA, Costa Rica Business. Tags: , , , , , , .

President Chinchilla Launches Costa Rica Day Care Network Costa Rica Government to Invest $140 million to Coffee Farmers

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 2,858 other followers

Photos of Las Villas de San Buenas

RSS Sol Property Group

  • An error has occurred; the feed is probably down. Try again later.


%d bloggers like this: