Scotiabank to Enter Insurance Market
A contract signed last week between Scotiabank Costa Rica and the National Insurance Institute (INS) means that the Canadian bank is entering the insurance market in Costa Rica. Signed on Oct. 11, the contract gives Soctiabank the right to sell INS policies.
In signing the contract, Scotiabank joins 10 other private and public banks selling insurance through the Insurance Insitute’s BancaSeguros division, which since its founding in 2001 has sold more than 72,000 policies and done some $2.2 billion in business.
Scotiabank will initially offer credit card insurance policies, but Scotiabank Costa Rica CEO Luis Liberman said the bank is also interested in selling home insurance and car insurance in the future.
You may be interested
Strong winds cause three deaths in Costa Rica, one in El SalvadorAFP - December 10, 2017
Three people have died in Costa Rica, includiing two Swiss tourists, and one in El Salvador as a result of…
6 camouflaged Costa Rican creatures you probably haven’t seenLindsay Fendt - December 9, 2017
The jungle can be a scary place, and even for some of the fiercest of Costa Rica’s creatures, sometimes the…
National Geographic-Lindblad Expeditions ship makes first visit to Osa PeninsulaThe Tico Times - December 8, 2017
National Geographic and Lindblad Expeditions touched down for the first time on Costa Rica's renowned Osa Peninsula this week for…