Insurance market reports are produced following a country visit with interviews with professionals working in the sector with systematic updates to information throughout the cycle. Covering market developments, macroeconomic factors and comprehensive details of the regulatory environment including relevant taxation as well as market indicators and company statistics.
Axco’s Honduras Non-Life Insurance Market Report (P&C) also comprises a detailed analysis of lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers’ liability and liability.
The Life & Benefits Report for Honduras includes detail on social security, healthcare, individual life assurance and pensions information as well as market statistics and life company statistics
Real GDP growth (%)
Insurance Penetration (%)
Honduras is the second largest of the Central American republics, Three-quarters of Honduras is rugged hills and mountains and over half the land is covered by forest. One of the poorest and least developed countries in Latin America, Honduras is dependent on international aid and remittances to support development and living standards
The market comprises 12 active insurance companies (11 non-life). Brokers control the vast majority of all business. Most companies have their own employee sales force; bancassurance is starting to have a larger impact for those companies which have banking connections.