Insurance

Current industry challenges in the Dominican Republic

The insurance sector is in constant development in the Dominican Republic, the effects of the COVID-19 pandemic have caused the sector to reinvent itself and further automate its processes in order to get closer to its clients and offer a more expeditious and personalized service.

Palpable examples of this are the launch of Insurtech products in our country and the digitization and transformation of regulatory processes before the Superintendence of Insurance of the Dominican Republic.

Our Experience

Jiménez Peña has vast experience in the insurance area, including advice on the capitalization processes of nationally and internationally recognized insurance companies. Likewise, we represent insurance entities in the requirements before the Superintendence of Insurance in order to comply with the capitalization and supervision protocols of insurers and reinsurers.

Clients

Jiménez Peña represents and advises renowned Dominican, multinational and foreign entities in the insurance sector, from leading international entities such as Starr Companies to leading entities in the country such as Grupo Humano. Likewise, we represent the insurers that are part of the StateTrust Group in their processes and transactions in the Dominican Republic.

Relevant Cases

  • Jiménez Peña represents Starr Companies, a leader in the insurance industry with more than 100 years of experience in the international market, in its regulatory processes before the Superintendence of Insurance in order to maintain its registration as a reinsurance company authorized to operate in the Dominican Republic.
  • Jiménez Peña advised Rivoli Reinsurance Company in its registration process as a reinsurer authorized to operate in the Dominican Republic.
  • Jiménez Peña advised StateTrust Group in the acquisition of Atlántica Seguros and, in turn, represents the insurance company in its corporate, commercial, regulatory and intellectual property transactions and processes in the Dominican Republic.
  • Jiménez Peña has a long history representing Grupo Humano, a leading company in the insurance sector in the Dominican Republic, in its regulatory processes before the Superintendence of Insurance and in the structuring of its new offers to the market, such as the constitution and start-up of operation of Primera ARS, a company specializing in the exclusive provision of health services for social security affiliates in the Dominican Republic.