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.
In 2017, net premiums collected totaled $1 billion, 22% more than the $829 million reported in 2016.
According to figures from the Superintendency of Insurance of the Dominican Republic, last year Seguros Universal was the company that registered the highest number of net premiums collected, adding up to $216 million, equivalent to 21% of the total market.
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.
In 2017 in Panama, premiums totaled $1.471 billion, 5% more than in 2016, but the loss ratio in fires and floods increased almost four times.
According to a report by the Superintendency of Insurance and Reinsurance of Panama (SSRP), in 2017 market growth was accompanied by an increase in claims, as insurance companies paid out $119 million for the fire and flood coverage policies, a figure that exceeds the $26 million disbursed in 2016 by 365%.
The Guatemalan insurance association reports that at the end of the year premiums totaled $926 million, 8% more than in 2016.
According to a report presented by the Guatemalan Association of Insurance Institutions, the growth of 7.7% was below the 9% that had been foreseen for 2017.It should be noted that medical insurance exceeded expectations, growing above 10%.
Between January and October 2017, premiums grew 4% compared to the same period in 2016, explained in part by a 9% increase in health insurance and 14% in collective life insurance.
Figures published by the Comptroller General of the Republic indicate that premiums in the Individual Life insurance sector registered an increase of 4.4%, while those of Health increased 9%.On the other hand, collective life insurance premiums increased 14.3%.
The Fire Department of Panama is putting out to tender collective life and international health insurance policies for its operative personnel, for a period of 24 months.
Panama Government Purchase 2017-1-51-01-08-LA-000901:
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 Ministry of Government in Panama is putting out to tender the supply of group life and health insurance for its staff.
Panama Government Purchase 2016-0-04-0-08-LV-008 831:
"Supply of group life insurance and group health insurance for Public Servants of the Ministry of Government, exposed to risks, and Collective International Health Insurance for Public Servants of the Ministry of Government, traveling abroad on official or training missions, according to the tender documents."
Banco Nacional de Panama is putting out to tender health, life and personal accident insurance for employees of the institution for a period of 48 months.
Panama Government Purchase 2016-1-01-0-08-LP-011670:
"Conditions for the policies to be contracted out:
-Life:Life insurance, accidental death and dismemberment and total and permanent disability due to accident or illness, for an average of 3,574 employees of BANCO NACIONAL DE PANAMA.
Colombia's Grupo Sura has concluded the purchase of 100% of Seguros Banistmo and has started procedures in Panama to merge both companies.
From a statement issued by Grupo Sura:
In compliance with the duties of disclosure of relevant information, Grupo de Inversiones Suramericana SA informs that today its subsidiary Suramericana SA has completed the acquisition of 100% of the shares of Seguros Banistmo, SA, an insurance company organized and existing under the laws of the Republic of Panama, which belonged to Banistmo SA, a subsidiary of Bancolombia SA
In the first quarter of the year, total premiums in the country totaled $338 million, 5% more than in the same period last year, driven by automobile insurance.
Vehicle insurance is the most in demand, reporting $63 million in premiums from January to March 2015, representing an increase of 11.8% compared to the same period last year. The second sector reporting the most growth is health, with premiums of $57.3 million, ie an increase of 6% and finally the premiums for group life reported $41 million, according to the Superintendency of Insurance and Reinsurance in Panama.
The Ministry of Security in Panama wishes to acquire insurance policies for the National Air Service (SENAN) for the period from 1 July 1st 2015 to June 30th 2016.
Panama Government Purchase 2015-0-18-01-08-LA-022441:
"ACQUISITION OF INSURANCE POLICIES FOR AVIATION FLIGHT POLICIES, PARTS, CIVIL RESPONSIBILITY, WAR POLICIES, PERSONAL ACCIDENT AND MEDICAL EXPENSES FOR NATIONAL AERONAVAL SERVICE (SENAN) FOR THE PERIOD JULY 1, 2015 TO JUNE 30, 2016.
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: