{"id":47496,"date":"2026-07-29T21:55:00","date_gmt":"2026-07-29T19:55:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=8ac91938d0dd4cf69e3fd0a5b149a6f4"},"modified":"2026-07-29T21:55:00","modified_gmt":"2026-07-29T19:55:00","slug":"bests-market-segment-report-am-best-maintains-stable-outlook-on-panamas-insurance-industry","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=47496","title":{"rendered":"Best\u2019s Market Segment Report: AM Best Maintains Stable Outlook on Panama\u2019s Insurance Industry"},"content":{"rendered":"<p>MEXICO CITY--(BUSINESS WIRE)--<a href=\"https:\/\/twitter.com\/hashtag\/insurance?src=hash\" >#insurance<\/a>--<b>AM Best<\/b> is maintaining its stable outlook on Panama\u2019s insurance industry, citing consistent premium growth and consistently profitable underwriting following the adoption of IFRS 17 accounting standards.<\/p><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260729602268\/en\/828829\/5\/AM_Best_Logo.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260729602268\/en\/828829\/22\/AM_Best_Logo.jpg\" \/><\/a><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260729602268\/en\/828829\/5\/AM_Best_Logo.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260729602268\/en\/828829\/21\/AM_Best_Logo.jpg\" \/><\/a><p>\nThe new <i>Best\u2019s Market Segment Report<\/i>, \u201cMarket Segment Outlook: Panama Insurance,\u201d also notes Panama\u2019s sound fundamentals reflecting a dollarized economy, low and stable inflation levels, and continued functionality as a regional logistics and financial services center. The country\u2019s gross domestic product expanded by 4.4% in 2025, according to the IMF.<\/p><p>\nWhile the Central America country\u2019s economic factors look favorable, ongoing challenges exist on several fronts, including the fiscal regime, pension system imbalances, climate change shocks impacting the Panama Canal, social turmoil, and closure of the Cobre Panama copper mine, which previously accounted for approximately 5% of GDP.<\/p><p>\nPanama\u2019s regulatory landscape continues to develop following the official implementation of IFRS 17 by the Superintendencia de Seguros y Reaseguros de Panama (SSRP), which took effect in January 2025. \u201c<!-- no quote -->The SSRP also has updated corporate governance guidelines regarding key board and committee factors, and publicly announced its Risk Based Supervision, providing a framework to safeguard the overall insurance industry,\u201d said Salvador Smith, associate director, AM Best.<\/p><p>\nOther takeaways from the report include:<\/p><ul class=\"bwlistdisc\">\n<li>\nDirect business in Panama\u2019s insurance industry expanded by 7.1% in 2025, based on gross premium written, reflecting consistent technical profitability. With a combined ratio below 100 in 2025, underwriting results remain healthy and consistent with historically sound performance.<\/li>\n<li>\nThe health line of business leads the domestic insurance industry, expanding 7.9% in 2025, above the country's GDP, driven by continued medical inflation and technological disruption\/innovation in treatments, increased frequency of long-term chronic degenerative diseases, and the population\u2019s preference of private health coverage resulting from a limited public health system.<\/li>\n<li>\nPanama\u2019s auto segment expanded by 8.2% in 2025, owing to increased motor vehicle sales and financing, coupled with higher insurance rates partially resulting from inflation and a surge in claims.<\/li>\n<\/ul><p>\nTo access the full copy of this market segment report, please visit <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww3.ambest.com%2Fbestweek%2Fpurchase.asp%3Frecord_code%3D366971&amp;esheet=54579476&amp;newsitemid=20260729602268&amp;lan=en-US&amp;anchor=http%3A%2F%2Fwww3.ambest.com%2Fbestweek%2Fpurchase.asp%3Frecord_code%3D366971&amp;index=1&amp;md5=ca4a411a9fafeebdcadb9c2f2a57270e\" rel=\"nofollow\" shape=\"rect\">http:\/\/www3.ambest.com\/bestweek\/purchase.asp?record_code=366971<\/a>.<\/p><p>\nTo view current Best\u2019s Market Segment Outlooks, please visit <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.ambest.com%2Fratings%2FRatingOutlook.asp&amp;esheet=54579476&amp;newsitemid=20260729602268&amp;lan=en-US&amp;anchor=http%3A%2F%2Fwww.ambest.com%2Fratings%2FRatingOutlook.asp&amp;index=2&amp;md5=21731df6646bb938a01e686de4864f72\" rel=\"nofollow\" shape=\"rect\">http:\/\/www.ambest.com\/ratings\/RatingOutlook.asp<\/a>.<\/p><p>\n<b>AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit <\/b><a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.ambest.com%2F&amp;esheet=54579476&amp;newsitemid=20260729602268&amp;lan=en-US&amp;anchor=www.ambest.com&amp;index=3&amp;md5=c4f61e2c29b1e47f3e47bfd97fb8b7a3\" rel=\"nofollow\" shape=\"rect\"><b>www.ambest.com<\/b><\/a><b>.<\/b><\/p><p class=\"bwalignc\">\n<b>Copyright \u00a9 2026 by A.M. Best Rating Services, Inc. and\/or its affiliates. ALL RIGHTS RESERVED.<\/b><\/p><br\/> <b>Contacts<\/b> <br\/><p>\n<b>Salvador Smith, CQF<\/b><br\/><b>Associate Director, Analytics<\/b><br\/><b>+52 55 9085 7506<\/b><br\/><a  href=\"mailto:salvador.smith@ambest.com\" rel=\"nofollow\" shape=\"rect\">salvador.smith@ambest.com<\/a><\/p><p>\n<b>Christopher Sharkey<\/b><br\/><b>Associate Director, Public Relations<\/b><br\/><b>+1 908 882 2310<\/b><br\/><a  href=\"mailto:christopher.sharkey@ambest.com\" rel=\"nofollow\" shape=\"rect\">christopher.sharkey@ambest.com<\/a><\/p><p>\n<b>Al Slavin<\/b><br\/><b>Senior Public Relations Specialist<\/b><br\/><b>+1 908 882 2318<\/b><br\/><a  href=\"mailto:al.slavin@ambest.com\" rel=\"nofollow\" shape=\"rect\">al.slavin@ambest.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>MEXICO CITY&#8211;(BUSINESS WIRE)&#8211;#insurance&#8211;AM Best is maintaining its stable outlook on Panama\u2019s insurance industry, citing consistent premium growth and consistently profitable underwriting following the adoption of IFRS 17 accounting standards.<br \/>\nThe ne&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-47496","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/47496","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47496"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/47496\/revisions"}],"predecessor-version":[{"id":47497,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/47496\/revisions\/47497"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}