Country Focus: Costa Rica

Access our interactive country report and take our monthly quiz below to learn more about the inclusive insurance markets in our Landscape's focus countries. The winners each month will enter a quarterly draw - and the selected subscriber will win a prize.

Make sure to access the country report to find the answers!

Question Title

* 1. Please provide your contact details.

Full name

Organisation

Email address

Question Title

* 2. In what year was the Regulation of Inclusion and Access to Insurance, which enabled the regulatory environment for the insurance sector to offer products to segments that are currently underserved?

2021

2017

2020

2005

Question Title

* 3. Which of the following is not a challenge or opportunity in Costa Rica’s microinsurance market?

Lack of awareness on the importance of insurance

Limited capacity and scope to create inclusive and innovative insurance products

The need to increase private sector participation in microinsurance

Lack of data and resources to measure the impact of microinsurance on the economy

Market size

Question Title

* 4. What initiative does the following objective refer to? It is necessary to ensure that the population, especially the most vulnerable, has access to mechanisms for better risk management.

The National Financial Inclusion Strategy

National Electronic Payment System (SINPE)

Regulation of Inclusion and Access to Insurance

A legal paper issued in 2019

Question Title

* 5. What insurance solution provides a rapid and effective response to manage the consequences of extreme weather events, which is vital for a country prone to various natural disaster risks?

Parametric insurance

Innovation Laboratory of the Access to Insurance Initiative (A2ii)

Strategic alliances

Inclusive and innovative insurance products