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:
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 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.
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.
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.
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."
Fitch forecasts growth of 3.5% in the region in 2016, due to increased competition and currency devaluations in some markets.
From a statement issued by Fitch Ratings:
Fitch Ratings - San Salvador - (January 21, 2016): The Outlook for the Insurance Sector in Central America and the Dominican Republic is stable, according to a report by Fitch Ratings.