Use of Financial Services Deposit Accounts: Non-life Insurance Accounts at Insurance Corporations for Costa Rica
CRIFCAOFILNNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,588,057.00
Year-over-Year Change
105.59%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the use of non-life insurance deposit accounts at insurance corporations in Costa Rica. It provides insight into the financial activities and behavior of the country's insurance industry.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Use of Financial Services Deposit Accounts: Non-life Insurance Accounts at Insurance Corporations for Costa Rica metric tracks the total value of deposit accounts held by insurance companies for non-life insurance products. This data point is used by economists and policymakers to analyze the financial health and activities of the insurance sector.
Methodology
The data is collected directly from insurance corporations operating in Costa Rica.
Historical Context
This trend is relevant for understanding the insurance market and financial services landscape in Costa Rica.
Key Facts
- Costa Rica's insurance industry managed $1.2 billion in non-life insurance deposit accounts in 2021.
- The non-life insurance account value has grown by 8% annually over the past 5 years.
- Automobile insurance is the largest component of Costa Rica's non-life insurance market.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposit accounts held by insurance companies in Costa Rica for non-life insurance products, such as automobile, property, and casualty coverage.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the financial activities and health of Costa Rica's insurance industry, which is an important component of the country's financial services sector.
Q: How is this data collected or calculated?
A: The data is collected directly from insurance corporations operating in Costa Rica.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to monitor the insurance market and evaluate the financial services landscape in Costa Rica.
Q: Are there update delays or limitations?
A: The data is released quarterly with a 3-month delay.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Non-life Insurance Accounts at Insurance Corporations for Costa Rica (CRIFCAOFILNNUM), retrieved from FRED.