1. Market Research
  2. > Financial Services
  3. > Insurance Market Trends
  4. > Honduras Insurance Report Q2 2016

Honduras Insurance Report Q2 2016

  • March 2016
  • -
  • Business Monitor International
  • -
  • 45 pages

Includes 3 FREE quarterly updates

BMI View: Honduras' life insurance sector will outperform the larger non-life market which suffers from adegree of saturation in key lines of motor and property insurance. Double-digit growth in HNL termsreturned to the life market in 2015, and we expect this to continue, driven by product innovation and acompetitive market environment. In non-life business, health insurance will be the key driver of growth,exhibiting expansion of around 10% annually through to 2020.

Key Updates And Forecasts

- Final 2015 figures have been released by CAHDA, the regulator, showing life sector growth of 15.5%, itsfastest rate since 2011, strengthening BMI's view for strong growth performance in the coming years.

- MAPFRE has become the largest life insurer, overtaking Ficohsa, which has experienced stagnation in itsmarket share over recent years. MAPFRE's product innovation and development of low-cost products is akey driver of this growth.

- In the non-life sector, personal accident and health lines of business were the top performers in 2015, inline with our view for ongoing high growth in these sectors, again driven by innovation towards low-costproducts.

Table Of Contents

Honduras Insurance Report Q2 2016
BMI Industry View 5
Table: Headline Insurance Forecasts (Honduras 2013-2020) 5
SWOT 6
Industry Forecast 7
Honduras Life Premiums Forecast 7
Table: Life Premiums (Honduras 2013-2020) 9
Table: Life Insurance Claims (Honduras 2008-2015) 9
Honduras Non-Life Premiums Forecast 10
Table: Non-Life Premiums (Honduras 2013-2020) 13
Table: Non-Life Insurance Claims (Honduras 2009-2015) 13
Honduras Non-Life Sub-Sector Forecast 14
Table: Non-Life Insurance Premiums by Product Line (Honduras 2013-2020) 20
Industry Risk Reward Ratings 22
Latin America Insurance Risk/Reward Index 22
Table: Latin America and the Caribbean Insurance Risk/Reward Index - Q216 23
Market Overview 24
Life Market Overview 24
The Product Offering 24
The Competitive Landscape 24
Table: Life Market Share, USDmn, 2008-2015 25
Table: Life Market Share (%), 2008-2015 26
Non-Life Market Overview 27
The Product Offering 27
The Competitive Landscape 27
Table: Non-Life Market Share, USDmn, 2008-2015 28
Table: Non-Life Market Share (%), 2008-2015 29
Company Profile 31
Ficohsa 31
MAPFRE 33
PALIG 35
Atlantida 37
Methodology 39
Industry Forecast Methodology 39
Risk/Reward Index Methodology 42
Table: Indicators 44
Table: Weighting of Indicators 45

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Veronica

+1 718 514 2762

Purchase Reports From Reputable Market Research Publishers
UK Travel Insurance: Market Dynamics and Opportunities 2016

UK Travel Insurance: Market Dynamics and Opportunities 2016

  • $ 3450
  • Industry report
  • August 2016
  • by Verdict Financial

Summary The UK travel insurance market declined by 12.3% to £625.4m in gross written premium (GWP) in 2015. This is a result of fewer policies being written, in addition to rates that have been prevented ...

The Insurance Industry in Belarus, Key Trends and Opportunities to 2020

The Insurance Industry in Belarus, Key Trends and Opportunities to 2020

  • $ 1450
  • Industry report
  • October 2016
  • by Timetric

Synopsis Timetric’s 'The Insurance Industry in Belarus, Key Trends and Opportunities to 2020' report provides a detailed analysis of Belarusian insurance industry. It provides key performance indicators ...

The Insurance Industry in Montenegro, Key Trends and Opportunities to 2020

The Insurance Industry in Montenegro, Key Trends and Opportunities to 2020

  • $ 1450
  • Industry report
  • September 2016
  • by Timetric

Synopsis Timetric’s 'The Insurance Industry in Montenegro, Key Trends and Opportunities to 2020' report provides a detailed analysis of Montenegrin insurance industry. It provides key performance indicators ...


Download Unlimited Documents from Trusted Public Sources

Pension Industry in Australia

  • December 2016
    205 pages
  • Pension  

  • Australia  

View report >

Life Insurance Forecast in Sri Lanka and Asia

  • December 2016
    3 pages
  • Life Insurance  

    General Insuran...  

    Insurance Indic...  

  • Sri Lanka  

    Asia  

View report >

Life Insurance Forecast in Sri Lanka and Asia

  • December 2016
    3 pages
  • Life Insurance  

    General Insuran...  

    Insurance Indic...  

  • Sri Lanka  

    Asia  

View report >

Related Market Segments :

General Insurance

ref:plp2016

Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.