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
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.
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.
In Honduras, the National Electrical Energy Company tenders the multi-risk insurance service for 537 vehicles of different types.
Honduras Government Purchase LPN-100-029-2018:
"Details of the risks covered by the service:
A. Collision and accidental tipping
B. Total vehicle theft, fire, self-ignition and fire, strikes, popular riots.
C. Civil liability for damage to third parties' property
Fitch Ratings forecasts that the insurance sector in Central America will close 2018 with a year-on-year increase of almost 6% and expects that in 2019 the business will reach a very similar growth rate.
The projected increase for 2018 and 2019 would be based on the behavior of the Panama, Costa Rica and Guatemala markets, however, the increases of 5.8% and 6.1% forecast for 2018 and 2019, respectively, would represent a slowdown regarding the 8.2% growth registered in 2017.
In Honduras, the insurance policy for 137 vehicles, the satellite monitoring service for 129 units and preventive and corrective maintenance for another 137 are being tendered.
Honduras Government Purchase LPN-07-2018:
"Technical specifications include the requirements and specifications to be submitted by the Insurance Companies to participate in this Tender, presented by an offer for 126 vehicles and 11 motorcycles insurance valid from January 1st, 2019 until December 31st, 2019.
The Public Ministry of Honduras tenders the life insurance policy and Hospital health for 3,849 the institution workers.
Honduras Government Purchase LPN-003-2018:
"Coverage of medical services, including Maternity as any disability, throughout the country. The period to be covered will be one year, beginning on December 31st, 2018.
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."