The Panamanian Association of Insurers (APADEA) has expressed its concern over a legislative proposal that seeks to return a percentage of the premiums from the Mandatory Basic Traffic Accident Insurance (SOAT) in Panama. According to APADEA, the bill lacks an adequate actuarial study to determine how this change would affect the premiums that insurance company clients would have to pay.
The lack of a detailed analysis of the financial implications of this proposal has generated unease in the insurance sector. According to APADEA, the measure could result in an increase in mandatory auto insurance premiums for users.
In relation to this situation, the Panamanian Association of Insurers has emphasized the importance of carefully evaluating the potential repercussions that the return of part of the SOAT premiums would have on the market. For APADEA, it is essential to rigorously consider how this change would affect the stability and sustainability of the insurance system in the country.
In this context, APADEA has stressed the need for a thorough actuarial analysis to determine what the real impact of the proposal would be on mandatory auto insurance premiums in Panama. The association has expressed its willingness to collaborate with the authorities and other relevant stakeholders in evaluating this measure, with the aim of ensuring that informed decisions are made and that the interests of consumers and the insurance sector as a whole are protected.
