ANNOUNCEMENT 13 Aug 2010In August 2010, the government of Guatemala announced changed rules for foreign investors.
NUMBER OF INTERVENTIONS
Ley de la Actividad Aseguradora (in Spanish), http://www.banguat.gob.gt/leyes/2002/Ley_de_la_actividad_aseguradora.pdf
UNCTAD report (in English), http://unctad.org/en/Docs/webdiaeia20112_en.pdf
MAPFRE (in English), http://www.fundacionmapfre.org/fundacion/es_es/images/The-Latin-American-insurance-market-2010-2011_tcm164-16665.pdf
On 13 August 2010, Guatemala passed the Insurance Activity Law (Ley de la Actividad Aseguradora) No. 25-2010, which allows foreign insurance and reassurance companies to operate in Guatemala through branch offices. This new legislation offers new opportunities to foreign insurance groups already present in the region (Panama, Costa Rica, El Salvador, Honduras, Nicaragua) such as MAPFRE from Spain, Generali from Italy and other companies mainly from the US, the UK and Switzerland.