Back in October of 1924, the National Insurance Company (INS) was created. They operated as a monopoly until 2010 when the insurance market was opened to allow for competition. As a result, the government created SUGESE, the entity in charge of regulating and supervising the insurance industry in Costa Rica.
Costa Rica is preparing economic measures to protect workers and companies facing the COVID-19 impact. Carlos Alvarado said that “the objective of this first phase of care and financial support measures is to relieve those small and medium-sized entrepreneurs and to protect working people, who are affected by the impact
Let’s dispense with the suspense first; the answer to the question above is always a resounding, “Yes!” But let us explain a little bit about the history of the Social Security system in Costa Rica in order to better understand what we know as the “Caja.” The Caja Costarricense del Seguro Social was created in