Use of Financial Services: Number of Life Insurance Depositors at Insurance Corporations for Costa Rica
CRIFCDOFILPPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,043,990.00
Year-over-Year Change
81.12%
Date Range
1/1/2010 - 1/1/2023
Summary
This economic trend measures the number of life insurance depositors at insurance corporations in Costa Rica. It provides insights into the usage and penetration of life insurance services in the country.
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: Number of Life Insurance Depositors at Insurance Corporations for Costa Rica' metric tracks the total number of individuals who have purchased life insurance policies from insurance companies operating in Costa Rica. This data point is used by economists and policymakers to gauge the level of life insurance coverage and financial inclusion within the Costa Rican population.
Methodology
The data is collected through surveys and reporting from insurance companies licensed to operate in Costa Rica.
Historical Context
This trend is relevant for understanding the state of the insurance industry and financial services adoption in Costa Rica.
Key Facts
- Costa Rica has a population of over 5 million people.
- The insurance industry in Costa Rica is regulated by the Superintendencia General de Seguros (SUGESE).
- Life insurance penetration in Costa Rica is around 2% of GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals who have purchased life insurance policies from insurance companies operating in Costa Rica.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insights into the level of life insurance coverage and financial inclusion within the Costa Rican population, which is important for understanding the state of the insurance industry and financial services adoption in the country.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from insurance companies licensed to operate in Costa Rica.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the development of the insurance industry and financial services sector in Costa Rica, which can inform policy decisions and regulatory oversight.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and methodologies of the insurance companies and regulatory authorities in Costa Rica, which may result in occasional update delays or data limitations.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Life Insurance Depositors at Insurance Corporations for Costa Rica (CRIFCDOFILPPENUM), retrieved from FRED.