The international insurance company, Manuel O. Matos, Brea & Asociados, has been active in Sosúa for around two years. Wolfgang Schoenner, owner of the restaurant 'Schnitzel Paradise', represents this insurance company along the north coast, from Puerto Plata to Samaná. The company is one of the largest in the country, and is affiliated with a series of large insurers, such as Monumental, Humano, Universal, Palic, BHD, Maphre and Banco Reserva, and works with the well-known American firm, Willis. This gives the company a far better negotiating position than other competitors. Clients run far less risk that their claims will not be paid.
The company insures its clients against medical costs, furnishings, residences, corporate buildings, fire and water damage, burglary and legal liability. Clients may also insure their cars, boats, motorbikes or scooters. Life insurance has just been added to the company portfolio, and a premium of 120 dollars per month results in a payout of 100,000 dollars after the agreed period or in the event of death.