The Insurance Industry in Honduras, Key Trends and Opportunities to 2022

2018-06-30
Price :
Published : Jun-2018
No. of Pages : 155
Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Industry Outlook
4.1 Industry Indicators
4.1.1 Gross written premium
4.1.2 Insurance density
4.1.3 Active policies
4.1.4 Paid claims
5 Life Insurance Outlook
5.1 Segment Indicators
5.1.1 Gross written premium
5.1.2 Active policies
5.1.3 Paid claims
5.1.4 Penetration
5.1.5 Sum assured
5.2 Individual Life Insurance
5.2.1 Gross written premium
5.2.2 Active policies
5.2.3 Penetration
5.3 Group Life Insurance
5.3.1 Gross written premium
5.3.2 Active policies
5.3.3 Penetration
5.4 Pension Insurance
5.4.1 Gross written premium
5.4.2 Penetration
6 General Insurance Outlook
6.1 Segment Indicators
6.1.1 Gross written premium
6.1.2 Active policies
6.1.3 Paid claims
6.1.4 Penetration
6.2 Property Insurance
6.2.1 Gross written premium
6.2.2 Active policies
6.2.3 Penetration
6.2.4 Claims
6.3 Motor Insurance
6.3.1 Gross written premium
6.3.2 Active policies
6.3.3 Penetration
6.3.4 Claims
6.4 Liability Insurance
6.4.1 Gross written premium
6.4.2 Penetration
6.4.3 Claims
6.5 Financial Lines Insurance
6.5.1 Gross written premium
6.5.2 Active policies
6.5.3 Penetration
6.5.4 Claims
6.6 Marine, Aviation and Transit Insurance
6.6.1 Gross written premium
6.6.2 Penetration
6.6.3 Claims
6.7 Personal Accident and Health Insurance
6.7.1 Gross written premium
6.7.2 Active policies
6.7.3 Penetration
6.7.4 Claims
6.8 Miscellaneous
6.8.1 Gross written premium
6.8.2 Penetration
6.8.3 Claims
7 Reinsurance Outlook
7.1 Premium Ceded
8 Distribution Channel Outlook
9 Natural and Man-Made Hazards
9.1 Flooding
9.2 Droughts
9.3 Earthquakes
9.4 Epidemics
9.5 Man-Made Hazards
9.6 Exposure
10 Competitive Landscape
10.1 Company Profiles
10.1.1 Interamericana de Seguros SA - company overview
10.1.2 Seguros Atlántida SA - company overview
10.1.3 Mapfre Seguros Honduras SA - company overview
10.1.4 Seguros del Pais - company overview
10.1.5 Seguros Bolívar Honduras, SA - company overview
11 Governance, Risk and Compliance
11.1 Legislation Overview and Historical Evolution
11.2 Latest Changes in Regulation
11.3 Legislation and Market Practice by Type of Insurance
11.3.1 Life insurance
11.3.2 Property insurance
11.3.3 Motor insurance
11.3.4 Liability insurance
11.3.5 Marine, aviation and transit insurance
11.3.6 Personal accident and health insurance
11.4 Compulsory Insurance
11.4.1 Social insurance system
11.4.2 Motor third-party liability insurance
11.4.3 Professional indemnity cover for insurance agents and brokers
11.4.4 Aviation liability insurance
11.5 Supervision and Control
11.5.1 Association of Insurance Supervisors Latin America
11.5.2 Central Bank of Honduras
11.5.3 National Banking and Insurance Commission
11.6 Non-Admitted Insurance Regulations
11.6.1 Overview
11.6.2 Intermediaries
11.6.3 Market practices
11.6.4 Fines and Penalties
11.7 Company Registration and Operations
11.7.1 Type of insurance organization
11.7.2 Establishing a local company
11.7.3 Foreign ownership
11.7.4 Types of license
11.7.5 Capital requirements
11.7.6 Solvency margin
11.7.7 Reserve requirements
11.7.8 Investment regulations
11.7.9 Statutory return requirements
11.7.10 Fee structure
11.8 Taxation
11.8.1 Insurance premium or policy taxation
11.8.2 Withholding taxes on premium paid overseas
11.8.3 Corporate tax
11.8.4 VAT
11.8.5 Captives
11.9 Legal System
11.9.1 Introduction
11.9.2 Access to court
11.9.3 Alternative dispute resolution
12 Databook
12.1 Life Insurance
12.1.1 Policies and premium
12.1.2 Claims and expenses
12.1.3 Individual life insurance
12.1.4 Group life insurance
12.2 General Insurance
12.2.1 Policies and premium
12.2.2 Claims and expenses
12.2.3 Property insurance
12.2.4 Property insurance by category
12.2.5 Motor insurance
12.2.6 Liability insurance
12.2.7 Financial lines insurance
12.2.8 Marine, aviation and transit insurance
12.2.9 Marine Aviation and Transit Insurance by category
12.2.10 Personal Accident and Health Insurance
12.2.11 Personal Accident and Health Insurance by category
12.2.12 Miscellaneous
13 Definitions and Methodology
13.1 Definitions
13.2 Methodology
14 About GlobalData
14.1 Contact GlobalData
14.2 About GlobalData
14.3 GlobalData's Services
14.4 Disclaimer

List of Tables
Table 1: Honduran Insurance Industry - Key Facts, 2017
Table 2: Honduran Insurance Industry - Industry Shares of the Top Insurers, 2017
Table 3: Honduran Government Credit Ratings
Table 4: Honduran Insurance Industry - Gross Written Premium (HNL Billion and US$ Million), 2013-2017
Table 5: Honduran Insurance Industry - Gross Written Premium (HNL Billion and US$ Million), 2017-2022
Table 6: Honduran Insurance Industry - Density (HNL), 2013-2017
Table 7: Honduran Insurance Industry - Density (HNL), 2017-2022
Table 8: Honduran Insurance Industry - Number of Active Policies (Million), 2013-2017
Table 9: Honduran Insurance Industry - Number of Active Policies (Million), 2017-2022
Table 10: Honduran Insurance Industry - Paid Claims (HNL Billion and US$ Million), 2013-2017
Table 11: Honduran Insurance Industry - Paid Claims (HNL Billion and US$ Million), 2017-2022
Table 12: Honduran Life Insurance - Gross Written Premium (HNL Billion and US$ Million), 2013-2017
Table 13: Honduran Life Insurance - Gross Written Premium (HNL Billion and US$ Million), 2017-2022
Table 14: Honduran Life Insurance - Number of Active Policies (Thousand), 2013-2017
Table 15: Honduran Life Insurance - Number of Active Policies (Thousand), 2017-2022
Table 16: Honduran Life Insurance - Paid Claims (HNL Million and US$ Million), 2013-2017
Table 17: Honduran Life Insurance - Paid Claims (HNL Million and US$ Million), 2017-2022
Table 18: Honduran Life Insurance - Sum Assured (HNL Billion and US$ Billion), 2013-2017
Table 19: Honduran Life Insurance - Sum Assured (HNL Billion and US$ Billion), 2017-2022
Table 20: Honduran Individual Life Insurance - Gross Written Premium (HNL Million and US$ Million), 2013-2017
Table 21: Honduran Individual Life Insurance - Gross Written Premium (HNL Million and US$ Million), 2017-2022
Table 22: Honduran Individual Life Insurance - Number of Active Policies (Thousand), 2013-2017
Table 23: Honduran Individual Life Insurance - Number of Active Policies (Thousand), 2017-2022
Table 24: Honduran Group Life Insurance - Gross Written Premium (HNL Billion and US$ Million), 2013-2017
Table 25: Honduran Group Life Insurance - Gross Written Premium (HNL Billion and US$ Million), 2017-2022
Table 26: Honduran Group Life Insurance - Number of Active Policies (Thousand), 2013-2017
Table 27: Honduran Group Life Insurance - Number of Active Policies (Thousand), 2017-2022
Table 28: Honduran Pension - Gross Written Premium (HNL Million and US$ Million), 2013-2017
Table 29: Honduran Pension - Gross Written Premium (HNL Million and US$ Million), 2017-2022
Table 30: Honduran General Insurance - Gross Written Premium (HNL Billion and US$ Million), 2013-2017
Table 31: Honduran General Insurance - Gross Written Premium (HNL Billion and US$ Million), 2017-2022
Table 32: Honduran General Insurance - Number of Active Policies (Thousand), 2013-2017
Table 33: Honduran General Insurance - Number of Active Policies (Thousand), 2017-2022
Table 34: Honduran General Insurance - Paid Claims (HNL Billion and US$ Million), 2013-2017
Table 35: Honduran General Insurance - Paid Claims (HNL Billion and US$ Million), 2017-2022
Table 36: Honduran Property Insurance - Gross Written Premium (HNL Billion and US$ Million), 2013-2017
Table 37: Honduran Property Insurance - Gross Written Premium (HNL Billion and US$ Million), 2017-2022
Table 38: Honduran Property Insurance - Number of Active Policies (Thousand), 2013-2017
Table 39: Honduran Property Insurance - Number of Active Policies (Thousand), 2017-2022
Table 40: Honduran Property Insurance - Paid Claims (HNL Million and US$ Million), 2013-2017
Table 41: Honduran Property Insurance - Paid Claims (HNL Million and US$ Million), 2017-2022
Table 42: Honduran Motor Insurance - Gross Written Premium (HNL Billion and US$ Million), 2013-2017
Table 43: Honduran Motor Insurance - Gross Written Premium (HNL Billion and US$ Million), 2017-2022
Table 44: Honduran Motor Insurance - Number of Active Policies (Thousand), 2013-2017
Table 45: Honduran Motor Insurance - Number of Active Policies (Thousand), 2017-2022
Table 46: Honduran Motor Insurance - Paid Claims (HNL Million and US$ Million), 2013-2017
Table 47: Honduran Motor Insurance - Paid Claims (HNL Million and US$ Million), 2017-2022
Table 48: Honduran Liability Insurance - Gross Written Premium (HNL Million and US$ Million), 2013-2017
Table 49: Honduran Liability Insurance - Gross Written Premium (HNL Million and US$ Million), 2017-2022
Table 50: Honduran Liability Insurance - Paid Claims (HNL Million and US$ Thousand), 2013-2017
Table 51: Honduran Liability Insurance - Paid Claims (HNL Million and US$ Thousand), 2017-2022
Table 52: Honduran Financial Lines Insurance - Gross Written Premium (HNL Million and US$ Million), 2013-2017
Table 53: Honduran Financial Lines Insurance - Gross Written Premium (HNL Million and US$ Million), 2017-2022
Table 54: Honduran Financial Lines Insurance - Number of Active Policies (Thousand), 2013-2017
Table 55: Honduran Financial Lines Insurance - Number of Active Policies (Thousand), 2017-2022
Table 56: Honduran Financial Lines Insurance - Paid Claims (HNL Million and US$ Thousand), 2013-2017
Table 57: Honduran Financial Lines Insurance - Paid Claims (HNL Million and US$ Thousand), 2017-2022
Table 58: Honduran Marine, Aviation and Transit Insurance - Gross Written Premium (HNL Million and US$ Million), 2013-2017
Table 59: Honduran Marine, Aviation and Transit Insurance - Gross Written Premium (HNL Million and US$ Million), 2017-2022
Table 60: Honduran Marine, Aviation and Transit Insurance - Paid Claims (HNL Million and US$ Million), 2013-2017
Table 61: Honduran Marine, Aviation and Transit Insurance - Paid Claims (HNL Million and US$ Million), 2017-2022
Table 62: Honduran Personal Accident and Health Insurance - Gross Written Premium (HNL Billion and US$ Million), 2013-2017
Table 63: Honduran Personal Accident and Health Insurance - Gross Written Premium (HNL Billion and US$ Million), 2017-2022
Table 64: Honduran Personal Accident and Health Insurance - Number of Active Policies (Thousand), 2013-2017
Table 65: Honduran Personal Accident and Health Insurance - Number of Active Policies (Thousand), 2017-2022
Table 66: Honduran Personal Accident and Health Insurance - Paid Claims (HNL Million and US$ Million), 2013-2017
Table 67: Honduran Personal Accident and Health Insurance - Paid Claims (HNL Million and US$ Million), 2017-2022
Table 68: Honduran Miscellaneous - Gross Written Premium (HNL Million and US$ Million), 2013-2017
Table 69: Honduran Miscellaneous - Gross Written Premium (HNL Million and US$ Million), 2017-2022
Table 70: Honduran Miscellaneous - Paid Claims (HNL Million and US$ Thousand), 2013-2017
Table 71: Honduran Miscellaneous - Paid Claims (HNL Million and US$ Million), 2017-2022
Table 72: Honduran Reinsurance - Premium Ceded by Insurance Segment (HNL Billion), 2013-2017
Table 73: Honduran Reinsurance - Premium Ceded by Insurance Segment (HNL Billion), 2017-2022
Table 74: Uzbek Insurance Industry - Shares of the Leading Insurers (%), 2017
Table 75: Uzbek Insurance Industry - Shares of the Leading Life Insurers (%), 2017
Table 76: Uzbek Insurance Industry - Shares of the Leading General Insurers (%), 2017
Table 77: Interamericana de Seguros SA - Key Facts
Table 78: Seguros Atlántida SA - Key Facts
Table 79: Mapfre Seguros Honduras - Key Facts
Table 80: Seguros del Pais - Key Facts
Table 81: Seguros Bolívar Honduras - Key Facts
Table 82: Honduras - Insurance Regulatory Framework Key Features
Table 83: Honduras - Life Insurance Regulatory Framework
Table 84: Honduras - Property Insurance Regulatory Framework
Table 85: Honduras - Motor Insurance Regulatory Framework
Table 86: Honduras - Liability Insurance Regulatory Framework
Table 87: Honduras - Corporate Tax Rates for the Financial Year 2017
Table 88: Honduran Life Insurance - Policies and Premium, 2013-2017
Table 89: Honduran Life Insurance - Policies and Premium, 2017-2022
Table 90: Honduran Life Insurance - Claims and Expenses, 2013-2017
Table 91: Honduran Life Insurance - Claims and Expenses, 2017-2022
Table 92: Honduran Life Insurance - Individual Life Insurance, 2013-2017
Table 93: Honduran Life Insurance - Individual Life Insurance, 2017-2022
Table 94: Honduran Life Insurance - Group Life Insurance, 2013-2017
Table 95: Honduran Life Insurance - Group Life Insurance, 2017-2022
Table 96: Honduran General Insurance - Policies and Premium, 2013-2017
Table 97: Honduran General Insurance - Policies and Premium, 2017-2022
Table 98: Honduran General Insurance - Claims and Expenses, 2013-2017
Table 99: Honduran General Insurance - Claims and Expenses, 2017-2022
Table 100: Honduran General Insurance - Property Insurance, 2013-2017
Table 101: Honduran General Insurance - Property Insurance, 2017-2022
Table 102: Honduran General Insurance - Property Insurance by Category, 2013-2017
Table 103: Honduran General Insurance - Property Insurance by Category, 2017-2022
Table 104: Honduran General Insurance - Motor Insurance, 2013-2017
Table 105: Honduran General Insurance - Motor Insurance, 2017-2022
Table 106: Honduran General Insurance - Liability Insurance, 2013-2017
Table 107: Honduran General Insurance - Liability Insurance, 2017-2022
Table 108: Honduran General Insurance - Financial Lines Insurance, 2013-2017
Table 109: Honduran General Insurance - Financial Lines Insurance, 2017-2022
Table 110: Honduran General Insurance - Marine, Aviation and Transit Insurance, 2013-2017
Table 111: Honduran General Insurance - Marine, Aviation and Transit Insurance, 2017-2022
Table 112: Honduran General Insurance - Marine Aviation and Transit Insurance by Category, 2013-2017
Table 113: Honduran General Insurance - Marine Aviation and Transit Insurance by Category, 2017-2022
Table 114: Honduran General Insurance - Personal Accident and Health Insurance, 2013-2017
Table 115: Honduran General Insurance - Personal Accident and Health Insurance, 2017-2022
Table 116: Honduran General Insurance - Personal Accident and Health Insurance by Category, 2013-2017
Table 117: Honduran General Insurance - Personal Accident and Health Insurance by Category, 2017-2022
Table 118: Honduran General Insurance - Miscellaneous, 2013-2017
Table 119: Honduran General Insurance - Miscellaneous, 2017-2022
Table 120: Insurance Industry Definitions

List of Figures
Figure 1: Honduran Real GDP (HNL Billion), 2013-2022
Figure 2: Honduran Exchange Rate (HNL per US$), 2013-2022
Figure 3: Honduran Consumer Price Inflation (%), 2013-2022
Figure 4: Honduran Current Account Balance as Percentage of GDP (%), 2013-2022
Figure 5: Honduran Unemployment Rate, 2013-2022
Figure 6: Honduran Population by Age Group, 2013-2022
Figure 7: Honduran Insurance Industry - Gross Written Premium (HNL Billion), 2013-2022
Figure 8: Honduran Insurance Industry - Density (HNL), 2013-2022
Figure 9: Honduran Insurance Industry - Number of Active Policies (Million), 2013-2022
Figure 10: Honduran Insurance Industry - Paid Claims (HNL Billion), 2013-2022
Figure 11: Honduran Life Insurance - Gross Written Premium (HNL Billion), 2013-2022
Figure 12: Honduran Life Insurance - Number of Active Policies (Thousand), 2013-2022
Figure 13: Honduran Life Insurance - Paid Claims (HNL Million), 2013-2022
Figure 14: Honduran Life Insurance - Penetration (%), 2013-2017
Figure 15: Honduran Life Insurance - Penetration (%), 2017-2022
Figure 16: Honduran Life Insurance - Sum Assured (HNL Billion), 2013-2022
Figure 17: Honduran Individual Life Insurance - Gross Written Premium (HNL Million), 2013-2022
Figure 18: Honduran Individual Life Insurance - Number of Active Policies (Thousand), 2013-2022
Figure 19: Honduran Individual Life Insurance - Penetration (%), 2013-2017
Figure 20: Honduran Individual Life Insurance - Penetration (%), 2017-2022
Figure 21: Honduran Group Life Insurance - Gross Written Premium (HNL Billion), 2013-2022
Figure 22: Honduran Group Life Insurance - Number of Active Policies (Thousand), 2013-2022
Figure 23: Honduran Group Life Insurance - Penetration (%), 2013-2017
Figure 24: Honduran Group Life Insurance - Penetration (%), 2017-2022
Figure 25: Honduran Pension - Gross Written Premium (HNL Million), 2013-2022
Figure 26: Honduran Pension - Penetration (%), 2013-2017
Figure 27: Honduran Pension - Penetration (%), 2017-2022
Figure 28: Honduran General Insurance - Gross Written Premium (HNL Billion), 2013-2022
Figure 29: Honduran General Insurance - Number of Active Policies (Thousand), 2013-2022
Figure 30: Honduran General Insurance - Paid Claims (HNL Billion), 2013-2022
Figure 31: Honduran General Insurance - Penetration (%), 2013-2017
Figure 32: Honduran General Insurance - Penetration (%), 2017-2022
Figure 33: Honduran Property Insurance - Gross Written Premium (HNL Billion), 2013-2022
Figure 34: Honduran Property Insurance - Number of Active Policies (Thousand), 2013-2022
Figure 35: Honduran Property Insurance - Penetration (%), 2013-2017
Figure 36: Honduran Property Insurance - Penetration (%), 2017-2022
Figure 37: Honduran Property Insurance - Paid Claims (HNL Million), 2013-2022
Figure 38: Honduran Motor Insurance - Gross Written Premium (HNL Billion), 2013-2022
Figure 39: Honduran Motor Insurance - Number of Active Policies (Thousand), 2013-2022
Figure 40: Honduran Motor Insurance - Penetration (%), 2013-2017
Figure 41: Honduran Motor Insurance - Penetration (%), 2017-2022
Figure 42: Honduran Motor Insurance - Paid Claims (HNL Million), 2013-2022
Figure 43: Honduran Liability Insurance - Gross Written Premium (HNL Million), 2013-2022
Figure 44: Honduran Liability Insurance - Penetration (%), 2013-2017
Figure 45: Honduran Liability Insurance - Penetration (%), 2017-2022
Figure 46: Honduran Liability Insurance - Paid Claims (HNL Million), 2013-2022
Figure 47: Honduran Financial Lines Insurance - Gross Written Premium (HNL Million), 2013-2022
Figure 48: Honduran Financial Lines Insurance - Number of Active Policies (Thousand), 2013-2022
Figure 49: Honduran Financial Lines Insurance - Penetration (%), 2013-2017
Figure 50: Honduran Financial Lines Insurance - Penetration (%), 2017-2022
Figure 51: Honduran Financial Lines Insurance - Paid Claims (HNL Million), 2013-2022
Figure 52: Honduran Marine, Aviation and Transit Insurance - Gross Written Premium (HNL Million), 2013-2022
Figure 53: Honduran Marine, Aviation and Transit Insurance - Penetration (%), 2013-2017
Figure 54: Honduran Marine, Aviation and Transit Insurance - Penetration (%), 2017-2022
Figure 55: Honduran Marine, Aviation and Transit Insurance - Paid Claims (HNL Million), 2013-2022
Figure 56: Honduran Personal Accident and Health Insurance - Gross Written Premium (HNL Billion), 2013-2022
Figure 57: Honduran Personal Accident and Health Insurance - Number of Active Policies (Thousand), 2013-2022
Figure 58: Honduran Personal Accident and Health Insurance - Penetration (%), 2013-2017
Figure 59: Honduran Personal Accident and Health Insurance - Penetration (%), 2017-2022
Figure 60: Honduran Personal Accident and Health Insurance - Paid Claims (HNL Million), 2013-2022
Figure 61: Honduran Miscellaneous - Gross Written Premium (HNL Million), 2013-2022
Figure 62: Honduran Miscellaneous - Penetration (%), 2013-2017
Figure 63: Honduran Miscellaneous - Penetration (%), 2017-2022
Figure 64: Honduran Miscellaneous - Paid Claims (HNL Million), 2013-2022
Figure 65: Honduran Reinsurance - Premium Ceded by Insurance Segment (HNL Billion), 2013-2022
Figure 66: Honduran Life Insurance - Percentage of Reinsurance Ceded (%), 2013-2022
Figure 67: Honduran General Insurance - Percentage of Reinsurance Ceded (%), 2013-2022
Figure 68: Honduran Insurance Industry - Market Shares of Leading Insurers (%), 2017
Figure 69: Honduran Insurance Industry - Market Shares of Leading Life Insurers (%), 2017
Figure 70: Honduran Insurance Industry - Market Shares of Leading General Insurers (%), 2017
Figure 71: Honduras - Insurance Supervision and Control at Various Levels
Figure 72: Honduras - Insurance Regulatory Frameworks for Company Registration and Operation
Filed in: Banking & Finance, Insurance
Publisher : GlobalData