Insurance products are proliferating

Despite a sluggish economy, insurance sales increased 5 percent during 2015, said the Superintendencia de Seguros.

Now there are 13 firms authorized to sell insurance in Costa Rica, and they brought in $749 million this year, the supervisory agency said

The insurance market has been open to private firms for seven years. Prior to that, transactions were restricted to the state-owned Instituto Nacional de Seguros. Consumers face a bewildering assortment of  628 insurance products, the Superintendencia said in an annual report.

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