Honduras: Insurance Market Grew 6% in 2010

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According to figures from the National Commission of Banking and Insurance (CNBS), Ficohsa Insurance came in first place, with 25% market share followed by Atlantis Insurance with $ 50.9 million corresponding to 17% of the market.

According to CNBS, "the largest premium concentration belongs to the different types of damage insurance," published Laprensa.hn.

Source: laprensahn.com

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Insurance Market in Honduras Grows by 10%

February 2012

At the end of last year, 2011, the insurance market reported a growth of 9.6% compared with 2010.

According to the National Commission for Banking and Insurance (CNBS), growth in premiums was $28.7 million.

"According to the insurance industry, the only decrease, of 4%, was in the general insurance section which includes vehicle and fire policies, ..." reported the Laprensa.hn

Honduran Insurance Market

June 2011

The health insurance sector has been growing since 2003, at a rate of $5 million annually.

15.7%. of the total contracts signed were for health insurance.

"Nationally, of the $53 million in total premiums for accident and health recorded in 2010, the Ficohsa insurance company handled 28.2%, Pan American Life (Palic) 24.2%, Atlantic 10.8%, Mapfre 9.9% , HSBC 8.6% and Seguros Crefisa 8.4%.", noted an article in Laprensa.hn

Panamanian Insurance Market

March 2011

Premiums rose by 9.5% in 2009 and 8.5% in 2010, reaching $ 918 million in total.

Insurance rating company A.M. Best published a report on the insurance sector in Panama, highlighting it as the largest in Central America and noting also that significant growth is expected in the coming years, supported by increased tourism, construction and Panama's efforts to implement transparent financial and tax laws.

Honduran Insurance Companies Grew by 14% in 2008

March 2009

Insurance premiums in Honduras grew by $35 million in 2008, reaching a total of $282 million.

The market was led by Interamericana Insurance with 25.1% of the total ($70 million), followed by Insurance Atlántida with 17.3% ($48 million) and HSBC Insurance with 15.2% ($42 million).