Dominican Insurance Market Shows Robust Growth, Stability, Regulator Says

SANTO DOMINGO, Dominican Republic – The Dominican Republic's insurance market is experiencing robust growth and financial stability, its top regulator said, attributing the positive trend to public trust and strong oversight.

Julio César Valentín Jiminián, Superintendent of Insurance (SIS), made the remarks during the institution's 57th anniversary. He emphasized that institutional strengthening and financial stability are direct results of public confidence and the control mechanisms outlined in Law No. 146-02, which governs insurance and bonds in the Dominican Republic.

The SIS confirmed that all public and private insurers, including Seguros Reservas, undergo continuous prudential supervision. This oversight covers areas such as anti-money laundering, technical compliance, and financial health, including reviews of technical reserves, solvency indicators, adjusted technical equity, minimum required liquidity, reinsurance contracts, and overall regulatory adherence.

Addressing recent public comments, the Superintendency stated that Seguros Reservas maintains a solid market position. This assessment is based on audited financial results from previous periods and preliminary figures for November 2025, all of which have been properly audited and supervised.

Furthermore, Valentín Jiminián stressed that all current reinsurance contracts comply with applicable regulations and are supervised by the regulatory body. This ensures that entities possess adequate technical and financial backing, thereby posing no systemic risks to the sector.

The Superintendent reported that the overall insurance market recorded a 12.5% year-on-year growth in collected premiums as of Nov. 30, 2025. Projections indicate that total premiums will exceed 150 billion Dominican pesos by year-end. "This performance reflects public confidence in insurance and the financial stability of supervised entities," he noted.

This expansion has been primarily driven by key sectors: group life insurance saw a 17.6% increase, motor vehicles 11.2%, health 9.7%, and fire and allied lines 12.3%. These figures underscore a diversified industry capable of adapting to the needs of the economy and the population.

From a prudential standpoint, the market maintains strong levels of solvency, liquidity, and technical reserves, surpassing the requirements set by Law 146-02. "This allows us to affirm that it is a financially strong industry capable of meeting its commitments," Valentín Jiminián said.

Solvency, Liquidity and Best Practices in the Sector

Valentín Jiminián specifically highlighted the performance of Seguros Reservas, which ranks second in the market for subscribed premiums. It is the leading insurer in equity, with over 8.766 billion Dominican pesos, and holds the second position in assets, technical reserves, and investments.

As of Nov. 30, 2025, Seguros Reservas reported profits of 2.342.4 billion Dominican pesos, marking a 139.25% increase, a figure expected to be even higher by the close of December 2025.

Since its inception, Seguros Reservas has consistently maintained solvency and liquidity ratios above minimum requirements, with equity surpluses exceeding regulatory mandates by more than 20%. Its management indicators, including administrative expenses, growth, and profitability, are also above the market average and comparable to its main peers.

The Superintendent also noted that Seguros Reservas benefits from an experienced technical team, strong support from its network of insurance brokers, and backing from top-tier international reinsurers. The company also holds the highest international rating from AM Best, an external validation of its financial strength.

Valentín Jiminián praised public interest in transparency and urged that discussions regarding the financial and insurance systems be based on official information, the current legal framework, and technical reports issued by competent bodies, all accessible on the Superintendency of Insurance's website.

He reaffirmed the SIS's commitment to ensuring continuous, clear, and transparent supervision aligned with international best practices. The objective, he said, is to maintain an insurance market with sufficient solvency, liquidity, and financial backing to protect policyholders and contribute to the stability and credibility of the Dominican insurance system.