The Social Security Institute bids the all-risk insurance policy for real estate, furniture, equipment, physical inventory, office equipment and computer equipment of the central warehouse and areas rented by the institution.
Honduras Government Purchase LPN-006-2021:
"The insurance policy covers personal property owned by the Insured from all damage, physical loss caused by the following risks:
Between July and October 2020, the number of people in Guatemala exploring options for life insurance online increased by 3%, and the number of Panamanian consumers seeking auto insurance increased by 39%.
CentralAmericaData's interactive platform, Consumer Insights, monitors in real time changes in consumer habits in all markets in the region and in other Latin American countries, with fundamental information to understand their behavior, new trends and anticipate eventual changes in their purchase patterns.
The current scenario of reactivation of commercial flights and tourist activities, are an opportunity for insurers to increase their sales, since the hiring of a policy is a mandatory requirement for tourists to be allowed to travel.
Products that offer a refund in the event of having to cancel the trip due to illness, as well as coverage at the destination if the person becomes ill, both for medical expenses and for lodging in case a quarantine is needed, constitute a great opportunity in this context of the spread of covid-19.
The National Commission of Banks and Insurance Companies is tendering the collective life and hospital medical insurance policy for the staff of the institution for the years 2021, 2022 and 2023.
Honduras Government Purchase LPN-CNBS-07-2020:
"Officials and employees to be insured:
-458 main insured persons
-682 dependents
-$14.3 million insured amount
The Universidad Nacional Autonoma tenders the supply of an insurance policy for several motor vehicles owned by the institution.
Honduras Government Purchase LPN No.31-2019-SEAF-UNAH:
"In case of theft, a co-insurance of 20% is requested and the insurance company will pay 80% of the insured amount, without deducting any amount for introduction taxes and others, in the case of those vehicles that have GPS installed the co-insurance will be reduced to 2%.
The Empresa Nacional de Energía Electrica de Honduras tenders the insurance policy for the assets of the institution.
Honduras Government Purchase LPN-100-025-2019:
"This policy shall cover sudden or unforeseen material damage caused to the property of the Insured or in which he has an insurable interest or for which he is legally responsible.
Grupo Unity, a regional insurance broker in Central America, will be acquired by Willis Towers Watson, a company specializing in risk management and insurance brokerage.
According to a press release from Willis Towers Watson, the objective of the transaction "...is to increase the reach, scale and talent of Willis Towers Watson in the Latin American region, both for the Corporate Risk and Brokerage (CRB) segment, and for Human Capital and Benefits (HCB)."
Except for Nicaragua, which projects a decline in revenues, Fitch Ratings estimates that by year-end the region's insurance markets will have grown from 3% to 8%.
According to the report Perspectives of Insurance Industry in Central America, prepared by the rating agency Fitch Ratings, El Salvador will be the market that in 2019 will register more dynamism in the region, reporting an 8% increase over revenues reported in 2018.
The Honduran Banking and Insurance Commission tenders the fire insurance policy and related lines for furniture and office equipment, electronic fixed and portable, for the years 2020 and 2021.
Honduras Government Purchase LP-CNBS-02-2019:
"Contracting of an insurance policy to protect the Furniture and Office Equipment of the CNBS located in the cities of Tegucigalpa, MDC, San Pedro Sula and Choluteca; likewise, the goods that are moved between buildings, for a term of two years.
Customers who are guided by immediacy and technology, who are also more focused on travel than buying health or life insurance, force insurers to reinvent their processes to continue increasing their sales.
Because the population group known as the "millennials," which is made up of customers who like to keep up with the buying process and are not willing to wait, companies must transform to keep up with their sales pace.
The group fidelity insurance policy to protect the funds and assets of the Central Bank is tendered for the period from December 31, 2019 to January 26, 2022.
Honduras Government Purchase LPública No.32-2019:
"The exact period to be covered is from December 31, 2019, at twelve noon (12:00 m.) to January 26, 2022 at twelve midnight (12:00 a.m.).
The closing date for clarifications is September 20, 2019.
The Central Bank tenders the group life insurance policy and hospital medical expenses for a group of employees of the institution for a two-year term.
Honduras Government Purchase LPública No.27-2019:
"Hiring of a collective life insurance policy and medical-hospital expenses for dependents of members of the Social Assistance Plan (PAS), as well as employees not members of the PAS, registered in the registers of the Department of Social Welfare of the BCH.
The Empresa Portuaria Nacional de Honduras tenders the protection insurance for its employees and the assets of the institution.
Honduras Government Purchase PUB 01-2019:
"L.282.283.180,00, 100% insured sum. On all property, furniture and real estate as well as special buildings of the insured including fluctuating inventories own or in custody, all property of the National Port Company or third parties, which are under the responsibility of the latter, while they are anywhere in the port facilities located in the Republic of Honduras.
In Honduras, the National Electrical Energy Company tenders the multi-risk insurance service for 537 vehicles of different types.
Honduras Government Purchase LPN-100-029-2018:
"Details of the risks covered by the service:
A. Collision and accidental tipping
B. Total vehicle theft, fire, self-ignition and fire, strikes, popular riots.
C. Civil liability for damage to third parties' property
Fitch Ratings forecasts that the insurance sector in Central America will close 2018 with a year-on-year increase of almost 6% and expects that in 2019 the business will reach a very similar growth rate.
The projected increase for 2018 and 2019 would be based on the behavior of the Panama, Costa Rica and Guatemala markets, however, the increases of 5.8% and 6.1% forecast for 2018 and 2019, respectively, would represent a slowdown regarding the 8.2% growth registered in 2017.