Honduras Insurance Report - Business Monitor International - Industry Reports

Honduras Insurance Report

Honduras Insurance Report - Business Monitor International - Industry Reports
Honduras Insurance Report
Published Aug 20, 2016
46 pages — Published Aug 20, 2016
Price US$ 1,295.00  |  Buy this Report Now

About This Report

  
Abstract:

Honduras life insurance sector is among the smallest in the region, with gross premiums in ---- reaching only USD---mn. Growth will pick up back to double-digit growth rates in lempira terms as the wider economy picks up. ...This growth is low by the standards of the --------- period, yet Honduras life sector it is still among the better-performing markets in the region. Life insurance density will reach just USD--.-- per capita in ----, indicative of the number of Hondurans that remain unable to afford traditional life insurance cover, and by ---- will amount to only USD--. The leading insurers in the sector, despite many having international operations and considerable expertise, have yet to deliver innovative low-cost products that will allow Hondurans to enter the life insurance market in great numbers. ...Life insurance density will reach just USD--.-- per capita in ----, indicative of the number of Hondurans that remain unable to afford traditional life insurance cover, and by ---- will amount to only USD--. The leading insurers in the sector, despite many having international operations and considerable expertise, have yet to deliver innovative low-cost products that will allow Hondurans to enter the life insurance market in great numbers.

...Life sector growth, denominated in US dollar terms, is expected at an average of -.- y-o-y between ---- and ----. We believe life sector premiums will tick upwards from a low base of USD---mn, reaching USD---mn (a density of only USD-- per capita) by ----. ...We believe life sector premiums will tick upwards from a low base of USD---mn, reaching USD---mn (a density of only USD-- per capita) by ----. Non-life premium growth will be slower, averaging around - y-o-y over the course of our forecast period, driven primarily by broader economic growth. Premiums will tick upwards from an estimated USD---mn in ---- to a forecast USD---mn by ----. Non-life density will remain under USD-- per capita out to ----. Further tightening of monetary policy poses a challenge to the investment outlook of Honduras life insurers, with benchmark policy rate cuts to -.-- expected by the end of ----, from -.-- at the beginning of ----.

...With an underdeveloped industry and steadily growing premiums, it is to be expected that claims should remain below -- of gross premiums. Fluctuations in --------- were prompted by wider financial turmoil, not only in Honduras but internationally. ...

  
Source:
Document ID
2397-4265
Country
Industry
Format:
PDF Adobe Acrobat
Buy Now

Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

About the Author


Cite this Report

  
MLA:
Business Monitor International - Industry Reports. "Honduras Insurance Report" Aug 20, 2016. Alacra Store. Dec 02, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Honduras-Insurance-Report-2026-1877>
  
APA:
Business Monitor International - Industry Reports. (2016). Honduras Insurance Report Aug 20, 2016. New York, NY: Alacra Store. Retrieved Dec 02, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Honduras-Insurance-Report-2026-1877>
  
US$ 1,295.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Market Research from one place.