Honduras Insurance Q3 2018
The outlook for the insurance industry in Honduras is broadly positive. Solid economic growth in the country will drivesteady improvements to employment and income rates, stimulating greater demand for a range of insurance covers. In the non-lifesector, the market will remain dominated by three key basic lines; property, health and motor insurance. In each segment, thegradual expansion of product ranges, including the development of microinsurance products, will help to support sustainablegrowth. In the smaller life insurance segment, the market will remain heavily reliant upon group covers, and in both life and non-life the main headwind to growth stems from limited household income rates.
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