As an international financial center, Panama City is no exception when it comes to insurance. For a foreigner, it is often much more effective to insure in Panama with their assets rather than seeking an insurance product in their home country. However, the world of insurance can sometimes seem labyrinthine for the novice, especially when faced with a country where the difference in infrastructure reality between provinces can be significant.
Specificities of the Panamanian Approach
In Panama, insurances are regulated by the "Superintendencia de Seguros"(Superintendency of Insurance). It ensures transparency, solidity, and proper functioning of market players, and rigorously frames the risk assessment and pricing process to protect the insured.
Compared to Europe and North America where insurance systems are more fragmented, the Panamanian system is simpler — focused on essential coverages, making choices less complex. In addition to multinationals like Mapfre or Allianz, a few strong local players stand out for individuals and businesses.
Compare Insurances — It's Free!
Panama Contact Service allows you to approach a broker to obtain insurance quotes at no cost. You will be surprised by the prices and level of coverage offered for health insurance in Panama versus your home country. Do not hesitate to use our brokerage service with follow-up in the language of your choice.
