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Costa Rica: Insurance industry expected to see 135% growth by 2020

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Insurance premium income in Costa Rica is likely to reach $2.77 billion by 2020, representing a growth of 135%, Elfinancierocr.com reports.

Speaking about the strength of the country's insurance sector, an expert said Costa Rica's low dependence on reinsurance allows larger reserves and more investment opportunities.

Another expert said the sector's growth depends on the country's economic environment and the main challenge is the lack of readiness to buy insurance.

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