Honduras Insurance Q1 2019
The outlook for the insurance market in Honduras is mostly positive, though there are some significant challengesfacing providers. The country is home to a relatively small population which can be characterised by low average income rates and ageneral lack of understanding of the benefits of insurance cover, limiting organic demand for insurance products. That being said,carriers are making some headway in terms of expanding product ranges and extending distribution channels in order to reachmore first time consumers and demand will also be supported by wider economic growth and diversification.
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