Insurance Market in Honduras Grows by 10%

At the end of last year, 2011, the insurance market reported a growth of 9.6% compared with 2010.

Wednesday, February 22, 2012

According to the National Commission for Banking and Insurance (CNBS), growth in premiums was $28.7 million.

"According to the insurance industry, the only decrease, of 4%, was in the general insurance section which includes vehicle and fire policies, ..." reported the

Life insurance reported an increase of 3%, with group policies driving the growth.

"In reviewing the individual numbers from companies operating in the country, the " top 5" with the highest total premiums to the lowest, are Ficohsa Insurance, Atlantis, Mapfre, HSBC and Palic."

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Private insurers are beginning to outperform the state insurance company and have so far captured a 40% market share.

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Insurance Market in Costa Rica in 2012

February 2013

A report by SUGESE contains information on Basic Indicators, Market Structure and Participants and Products.

December 2012 Bulletin from the Superintendent of Insurance (SUGESE):

Basic Indicators

The total amount of direct premiums was ¢466.2 billion in 2012, with 69% of that amount corresponding to voluntary insurance.

Honduran Insurance Market

June 2011

The health insurance sector has been growing since 2003, at a rate of $5 million annually.

15.7%. of the total contracts signed were for health insurance.

"Nationally, of the $53 million in total premiums for accident and health recorded in 2010, the Ficohsa insurance company handled 28.2%, Pan American Life (Palic) 24.2%, Atlantic 10.8%, Mapfre 9.9% , HSBC 8.6% and Seguros Crefisa 8.4%.", noted an article in