Honduras: Insurance more expensive in 2009

The president of the Honduran Insurance Chamber, Jose Luis Moncada, did not rule out that insurance costs may increase next year.

Friday, November 14, 2008


We still can talk about percentages yet; we will complete negotiations with reinsurers at the end of December and that is when we will know how much the increase will be, plus the local costs due to inflation and the economic recession, he added.

More on this topic

Honduran Insurance Companies Grew by 14% in 2008

March 2009

Insurance premiums in Honduras grew by $35 million in 2008, reaching a total of $282 million.

The market was led by Interamericana Insurance with 25.1% of the total ($70 million), followed by Insurance Atlántida with 17.3% ($48 million) and HSBC Insurance with 15.2% ($42 million).

Insurance Industry El Salvador: 'Solid Before the Storm'

October 2010

Fitch Ratings highlights the liquidity of the insurance market in El Salvador for the first semester.

At the end of the first half of 2010, liquidity in the Salvadoran insurance market was far superior to that of other Central American countries, and even recorded an improvement over the end of the first half of 2009.

Guatemala Insurance Industry Prepares for Growth in 2011

November 2010

Fitch Ratings highlighted in their report a “relatively stable” performance of the insurance industry in 2010.

The performance of the Guatemalan insurance industry in 2010 has been relatively stable, despite the occurrence of two catastrophic events (storm "Agatha" and the eruption of the "Pacaya" volcano in late May) and the generally stagnant premiums of the main operating branch of the industry: Motor Vehicle Insurance.

Seguros Assa to Enter Guatemala and Honduras

June 2012

Grupo Assa de Panamá plans to complete its presence in Central America by opening operations in Honduras and Guatemala.

Panama's Grupo Assa is currently doing business in Panama, Costa Rica, Nicaragua and El Salvador, and has recently, entered the insurance market in Colombia with 40% stake in Cardinal Seguros.

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