españolTransportation: Mandatory Insurance in GuatemalaThursday, March 12, 2020 As of March 20, the government agreement that requires passenger and cargo transport units to take out civil liability insurance will become effective in the country. On February 12, 2020, government agreement 17-2020 was published in the Diario de Centroamerica, requiring owners of trucks, panels and pickups, as well as micro and urban buses, taxis, motorcycle taxis and "tuc tucs", to have an insurance policy. Honduras: Tender for Vehicle InsuranceFriday, March 6, 2020 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: Insurance: Business Against EpidemicsWednesday, March 11, 2020 Panamanian businessmen consider unviable the bill that intends to force insurance companies to cover medical expenses related to the coronavirus. The bill, which was presented by Representative Zulay Rodriguez, seeks to ensure that insurance company clients are attended to in case they are infected with covid-19, however, policies do not usually provide coverage when the disease is declared as an epidemic or pandemic. Insurance: Market Growth Accelerates in 2019Wednesday, February 26, 2020 Last year, total income from insurance premiums in Costa Rica accumulated $ 1,449 million, 8% more than reported in the previous year, a variation that doubles the 3.5% increase recorded between 2017 and 2018. The 8% growth recorded in 2019 doubles the variation recorded in 2018, when the upturn amounted to 4%. Honduras: Economic Activity Up 4%Tuesday, March 24, 2020 Explained by the behavior of the Financial Intermediation, Insurance and Pension Funds, and the Manufacturing Industry, during January the Monthly Index of Economic Activity increased by 3.8% with respect to the same period in 2019. Most of the productive activities showed positive results in the first month of 2020, standing out for their contribution to the global indicator: Financial Intermediation, Insurance and Pension Funds; Manufacturing Industry; Post and Telecoms; and Commerce, informed the Central Bank of Honduras. Bank Credits: Collection of Penalties ProhibitedTuesday, March 24, 2020 In El Salvador, banks will not be able to charge any kind of penalty to clients who, due to the crisis of the covid-19, fail to pay their credit quotas. They were approved "Temporary Technical Norms to Face Noncompliance’s and Contractual Obligations" derived from the emergency were approved, which will avoid that, during the validity of the emergency, the credit risk category of Salvadorans is affected, therefore, no penalty will be charged for non payment. With these rules will also allow the granting of credits, consolidation, restructuring and refinancing of debts in favorable conditions for those affected by the COVID-19 pandemic, reported the Central Reserve Bank (BCR). Panama: Insurance Market Stagnates in 2019Monday, February 17, 2020 Last year, premiums of Ch$1,567 million were written in the country, a figure that did not change significantly from the Ch$1,569 million reported in 2018. Figures from the General Comptroller of the Republic detail that between 2018 and 2019 premiums in the branch of fire and multi-risk insurance registered a 5% increase.
INTERACTIVE INFORMATION SYSTEM
Covid-19: Outlook for the Financial SectorTuesday, March 24, 2020 The impact of the coronavirus crisis on the financial sector in Central America is expected to be felt mainly in services related to stock brokerage and investment advice, where a drop is expected. The "Information System for the Impact Analysis of Covid-19 on Business", prepared by the Trade Intelligence Unit of CentralAmericaData, measures the degree of impact that the crisis will have on companies according to their sector or economic activity, during the coming months. Accident Insurance: Sales up 7%Monday, February 10, 2020 In the first eleven months of 2019, premiums were written in the country for Ch$1,395 million, and sales of personal accident insurance grew 7% over the same period last year. Figures of the General Comptroller of the Republic detail that between the first eleven months of 2018 and the same period of 2019, fire and multi-risk insurance premiums recorded a 10% increase. Insurance: New Competitor in El SalvadorThursday, January 30, 2020 Atlántida Vida insurance company started operations in the local market and will be focused on the life and health sector. The new participant, which will start with a capitalization of $6.2 million and is projected to reach $10 million in premium income, belongs to the Honduran business group Inversiones Atlántida. Tender for Special Risks InsuranceThursday, February 20, 2020 Panama's Metro bids the special risks insurance policy, with a two-year validity period. Panama Government Purchase 2020-2-81-01-08-LP-001754: Nicaragua: Insurance Market Falls by 4%Wednesday, February 5, 2020 Last year in Nicaragua, insurance sales totaled $199 million, 4% less than in 2018, a drop that can be explained in part by the drop in life, health and accident policies. Data from the Superintendence of Banks and Other Financial Institutions (Siboif) detail that between 2018 and 2019 premium sales fell by $9 million, from $208 million to $199 million. Insurance: Panamanian Market Not ReboundingThursday, January 9, 2020 In the first ten months of 2019, premiums of $1,265 million were subscribed in the country, 2% more than reported in the same period of the previous year, a rise that is less than the 5% year-on-year variation reported up to October 2018. According to the last report of the General Comptroller of the Republic, between the first ten months of 2018 and the same period of 2019, fire and multi-risk insurance premiums recorded a 12% increase. Taxes: Moratorium Proposed in Costa RicaMonday, March 16, 2020 A three-month moratorium on the payment of value added taxes, business income and customs duties is the proposal of the Executive in view of the emergency caused by the spread of covid-19 in the country. The initiative "COVID-19 Tax Relief Project", which was presented to the Legislative Assembly on March 16, proposes that taxpayers can postpone the payment of taxes for at least three months. During this period no fines or interest will be applied to those who take advantage of this moratorium. Insurance Sector in Guatemala - First Half 2015Tuesday, October 20, 2015 At the end of June, the market slowed its growth rate, registering one of the lowest increases in the region. From a report by Fitch Ratings: |
|
Monday, March 30, 2020 - last update: 5:24 pm
|
|
2331