Industry association Asofondos proposes measures to create a single central system, ease the burden on state coffers and boost payments to the most vulnerable.
The company is looking at opening an office in Argentina.
Now entering its 11th year of operations, the Caribbean risk insurance facility is looking into scaling up its coverage, including to add new members and risk coverage areas, such as drought.
Reinsurers' activity is heavily linked with the infrastructure and concessions sector, which was badly affected by the country's economic recession.
President-elect Carlos Alvarado is advancing a tax reform that cleared a hurdle on Monday, but he faces a difficult political environment to win full passage of the bill, much less the additional reforms he deems necessary.
Sugese chief Tomás Soley told legislators that the proposed VAT on private insurance policies is effectively a tax on savings with the potential to cause damage to businesses and society at large.
Despite their reluctance to make actual purchases, consumers do use the internet to compare prices of insurance policies..