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.
Over the past year, premiums totaled $440 million, 8% more than in 2016, led by General Insurance and Accident and illness insurance.
According to figures from the National Commission of Banks and Insurance, at the end of 2017 the loss ratio totaled $200 million, representing 45% of premium income, 3% more than was reported in 2016.
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.
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"
A report by Fitch notes the momentum in the insurance sector in Central America and its growth potential.
From the report by Fitch Central America is entitled "Performance of Insurance Industry Central America: Well Positioned for Growth ":
The insurance industry in Central America managed to increase premium production by 12% compared to 2010, where Panama, Guatemala and Honduras recorded an above-average growth.