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 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
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.
The National Electric Power Company tenders the provision of a life insurance policy for permanent and retired employees of the institution.
Honduras Government Purchase LPN-100-018-2018:
"Number of employees in detail:
- Permanent employees: 1,689
- ENEE Retirees and Pensioners: 657
In the event of the natural death of an insured person (whether caused by illness, murder or manslaughter or presumed death) the insurance company will pay the agreed sum insured. In the event of the accidental death of an insured person, the insurance company will pay double the sum insured for natural death."
The Judicial Power in Honduras is putting out to tender collective life insurance and medical hospital policies for the institution's officials and employees at the national level.
Honduras Government Purchase L.Public No. 07-2018 Hospital Medical Insurance:
"The purpose of this tender is the acquisition of a "Collective Life and Hospital Medical Insurance for Officials and Employees of the Judiciary at the National Level", for a period of two (2) years, with consecutive annual individual contracts, and a duration of 12 months for the first year of contract and the same term for the next year.
Explained by the behavior of the Costa Rican market, in 2017 Central American insurers received $5.02 billion in premiums, 7% more than in 2016.
According to a report drawn up by Revista Desempeño Asegurador, in 2017 "... insurance sales in the region expressed an absolute increase of US $334.7 million, an amount that represented a rise of 7.1% compared to sales in 2016."
Projections are that this year growth of the Central American insurance sector will be driven by activities in the markets of Costa Rica and Guatemala.
From the report "Prospects 2018: Insurance Sector in Central America" by Fitch Ratings:
Stable Rating Perspective:The rating outlook for the Central Americaninsurancesectoris stable for 2018, given that most of the rated companies maintain a stable outlook on an individual basis.Fitch Ratings believes that the sector shows stable fundamentals, as a result of good profitability levels and high liquidity and capitalization indicators in all countries, which it expects to continue to be reflected in solid balance sheets in companies.
The National Vocational Training Institute in Honduras is putting out to tender collective insurance of medical and living expenses for its personnel, and insurance for buildings, equipment and the vehicle fleet.
The Public Ministry in Honduras is putting out to tender life and medical-hospital insurance for 2,574 employees.
Honduras Government Purchase LPN-004-2017:
"Life insurance must cover 30 times the employee's salary, with a minimum of $12,406 and a maximum of $53,191.For simple homicide and murder, compensation for employees with a salary of less than $1,404 must correspond to 30 times the salary up to a maximum of $42,553, employees with salaries greater than $1,404 onwards will be for up to a maximum of $53,191.
According to Fitch Ratings growth in the insurance sector in Central America in 2017 will be driven by the markets of Costa Rica and Nicaragua.
From the report "Outlook 2017: Insurance in Central America" by Fitch Ratings:
Rating Outlook Stable:Fitch Ratings´outlook for insurance ratings in Central America is stable. The agency believes that there is a limited probability of rating adjustments in the next 12 to 18 months, which could lead to significant changes in the risk profile or the weighted support in some cases.
The National Bank for Agricultural Development in Honduras is inviting bids for several insurance policies for the period between April 1st and December 31st, 2015.
Purchase of insurance policies by the National Bank for Agricultural Development, hereinafter called BANADESA, for the period from 1 April to 31 December 2015, as detailed below:
The Ministry of Security is inviting bids for a group insurance policy, covering life, medical hospital services and vehicles for a period of one year for the National Police.
Honduras Government Purchase LPN-SEDS-001-2014:
"CONTRACT FOR GROUP INSURANCE POLICY COVERING LIFE, MEDICAL HOSPITAL AND VEHICLES FOR THE HONDURAN NATIONAL POLICE FOR THE TERM OF ONE YEAR"