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:
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 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."
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."
Ficohsa Group has announced the acquisition of 100% of the capital of the company Seguros Alianza, which will be operated through the subsidiary Ficohsa Seguros.
The formalization of the transaction was recently approved by the Superintendency of Banks of Guatemala and the Superintendency of Panama.
Panama stands out as the country with the highest penetration rate in the region, and at the other end is Honduras, with the lowest rate, and below the average in Latin America.
From a report by MAPFRE: "Trends of growth in insurance markets in Latin America":
Guatemala
The insurance market penetration rate in Guatemala stood at 1.23% in 2015, showing a stable trend over the analyzed period,graduallymoving awayfrom the average for the region. The deepening index, meanwhile, stood at 19.7%, with a tendency toward gradual improvement, but still below the average for the Latin American markets.
Fitch Ratings expects moderate growth in premiums in Costa Rica, increased interest in personal insurance in Guatemala, and stable performance in Nicaragua and Honduras.
From the report "Outlook 2015: Central American Insurance Sector":
Costa Rica:
Moderate growth in premiums
Since the Costa Rican insurance industry opened up to private competition in 2008, the market has experienced rapid and consistent growth in premiums.
From 10 to November 13 representatives from insurance companies will gather together in Guatemala to address topics of interest to the industry.
Among the topics to be discussed at the event being held in Antigua, Guatemala, are the new trends and recent innovations in the insurance industry. The event, held bi-annually since 1946, facilitates relationships between insurers and reinsurers.
The Instituto Nacional de Seguros will provide $43 million in insurance for a hydroelectric project in Nicaragua, through reinsurance services.
The Hidropantasma Hydroelectric Project in Jinotega is based on Costa Rican, Panamanian and Honduran capital, and the policy with which the INS will cover it is "All Risks Fire - Dollars".
Costa Rican laws prevent the INS operating across borders.