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.
Insurance premiums in Honduras grew by $35 million in 2008, reaching a total of $282 million.
Fitch Ratings highlights the liquidity of the insurance market in El Salvador for the first semester.
Fitch Ratings highlighted in their report a “relatively stable” performance of the insurance industry in 2010.
Grupo Assa de Panamá plans to complete its presence in Central America by opening operations in Honduras and Guatemala.
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