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Private insurances have paid for claims 44% of what is collected in 2019
In Ecuador, vehicles are more insured, group life (which includes the credit life that a financial institution hires to insure all its debtors) and properties against fire and allied lines that include earthquake damage. They are compulsory insurance tied to the purchase of cars and houses on credit. This shows that the assurance culture is limited. In 2018, premiums –
Usd 374 million insurers paid after the manabí earthquake
270 days after the earthquake of April 16, insurance companies compensated a total of USD 374 million – at the end of January 12, 2017 – indicated this Wednesday, January 25, 2017, the Ecuadorian Federation of Insurance Companies ( Fedeseg). The insurance companies, in these nine months, received 38,423 claims; of which 86% of the reported cases have already been
Private insurance has covered ten million dollars in medical expenses related to covid-19
Private health insurers and prepaid medicine companies have covered $ 10 million in medical care for COVID-19 since the start of the pandemic in the country last March, according to Rafael Avilés Ledergerber, CEO of Ecuaprimas. Ecuador’s private insurance system includes insurers regulated by the Intendencia de Seguros and those of prepaid medicine by the Superintendencia de Empresas. A single
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