Higher insurance premiums due to risks and uncertainty
Written by Evelyn Alas
Global commercial insurance prices increased 4% in Q4 2022 (versus a 6% increase in Q3 and a 9% increase in Q2), according to the Global Insurance Market Index published by Marsh, a global insurance and risk broker.
ASES held the First Forum on Road Safety and Vehicle Insurance
Written by Evelyn Alas
The Asociación Salvadoreña de Empresas de Seguros (ASES) held today the first "Road Safety and Vehicle Insurance Forum". The event took place at the Crowne Plaza Hotel, in San Salvador, and gathered different members of the insurance industry of the country, representatives of the government of the Republic and members of the civil society.
Insurance mergers and acquisitions reach highest level in 10 years
Written by Evelyn Alas
Last year, 449 mergers and acquisitions (M&A) were completed worldwide in the insurance sector, up from 418 the previous year. This is the highest number in the last decade, according to a report by global law firm Clyde & Co.
Jorge Hasbún is re-elected as president of Camarasal
Written by Evelyn Alas
The Cámara de Comercio e Industria de El Salvador (Camarasal) held its General Assembly of members for 2023, in which businessman Jorge Hasbún was reelected as president of the Board of Directors that will lead the association for the period 2023 - 2024.
El Salvador receives permits to build Bitcoin City Airport
Written by Evelyn Alas
According to cryptocity media, the Comisión Ejecutiva Portuaria Autónoma (CEPA) assured that it has already received the environmental permits for the construction of the Pacific Airport. At the same time, they are moving forward with the design of the new terminal in the east of the country. The new station is part of the Bitcoin City project to be developed in El Salvador.
MAG launches "SIAM" application to market farmers' products
Written by Evelyn Alas
The agricultural sector, which is growing steadily, has the Sistema de Información Agroclimática y de Mercadeo (SIAM) where producers can market their products without intermediaries at national and international level.
Negotiations continue to complete Customs Union with El Salvador
Written by Evelyn Alas
According to a Guatemalan media, the Forum of Coordinators of Deep Integration Guatemala, El Salvador, Honduras held the first meeting of the year, with the objective of continuing with the full incorporation of El Salvador to the Customs Union process between the mentioned countries.
Cyber risks are growing, but experts say they are not growing at the same pace
Written by Evelyn Alas
Cyber risk is growing rapidly. It is the eighth most worrying globally in an 8-year horizon, according to the report presented by Marsh McLennan and Zurich in Davos; it appears among the top three in the Axa Group's Global Risk Survey and is the most worrying for spanish companies, according to the recent AGCS ranking.
Deadline extended for change of residency in DUI of salvadorans living abroad
Written by Evelyn Alas
On february 4, 2024, the Tribunal Supremo Electoral (TSE) will hold elections to elect the President of the Republic, the Vice President and deputies of the Legislative Assembly.