Investment, Capital and Sales - Companies in the Costa Rican Market

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Data as of August 31, 2010 - Insurers participating in the Costa Rican insurance market.

The INS still dominates the market through 2010. The following chart shows that INS has 99.6% of the market. (figures in millions of dollars) The newly arrived companies all show an operating loss thus far.

Assets – Represents what the entity owns and rights it has over third parties from which it expects to benefit in the future.

Investments – A contract that creates a financial asset in one entity and a liability in another. These may or may not be in a document that could be negociable in a known and properly regulated financial market. Also, capital rights that the entity acquired in payment of obligations are registered as goods and assets acquired in debt recovery. Investments in financial instruments that are not in a known and properly regulated financial market are permitted, but subject to additional regulations. Investments are classified according to the intent of ownership, must be within guidelines set forth by the entity itself, as well as in line with international norms regarding financial information.

Liabilities – Obligations the entity has incurred due to past events, and for which the entity expects to pay in the future. Does not include potential obligations subject to uncertain events, which must be registered under “contingency accounts”.

Capital – Represents the rights of the entity's due to past profits accumulated.

Income from Premiums – Income from the sale of policies and received during the period.

Expenses for Claims - Claims paid out and expenses related to the payment of claims

Expenses for Commissions – Expenses paid to intermediaries or other insurers for the placement or sale of policies.

Administrative Expenses – Wages, services, administrative expenses, and expenses incurred in the development of the business.

Technical Provisions – The true or estimated valued, based on actuarial calculations, the obligations incurred due to the insurance policies emitted and expenses related to the compliance of those obligations.

Gross Profit – Income from insurance operations and claims received, less expenses for insurance operations and claims paid.