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Nicaragua

Nicaragua

Insurance Intelligence

Providing expert analysis, independent market insight and company data on the insurance industry.

Insurance market reports are produced following a country visit with interviews with professionals working in the sector with systematic updates to information throughout the cycle. Covering market developments, macroeconomic factors and comprehensive details of the regulatory environment including relevant taxation as well as market indicators and company statistics.

Axco’s Nicaragua Non-Life Insurance Market Report (P&C) also comprises a detailed analysis of lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers’ liability and liability.

The Life & Benefits Report for Nicaragua includes detail on social security, healthcare, individual life assurance and pensions information as well as market statistics and life company statistics

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Information for Nicaragua can be seen in:

Insurance Market Reports (Non-Life) Insurance Market Reports (Life & Benefits) Regulatory Alerts Global Statistics Market Profiles Insight EB Insight Compliance Compliance Point Clinical Trials

Country Information

Time-zone
Capital city
Currency
Population
Real GDP growth (%)
Inflation (%)
Total GWP (USD)
Insurance Penetration (%)
GMT -6
Managua
NIO
6.70 mn
12,773.48 mn
5.54%
203.39
1.62

Nicaragua is the largest of the Central American republics, with a land area of 130,000 square km. The country became an independent state in 1821. Volcanic ash makes the soil very rich and is good for agriculture, which forms the backbone of the economy. In 2019 the Nicaraguan insurance market remained one of the smallest in the region, of which non-life businesses represented the majority. There are five insurers in Nicaragua, all of which write non-life business.

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