Honduras Insurance Q4 2018
Key View :
The Honduran insurance industry remains in the earlier stages of development and rates of coverage in the life and non-life sectors are very low. This reflects a market characterised by low average income rates, limited product ranges and a lack ofunderstanding of the benefits of insurance cover. There is scope for growth, from this low base, as economic expansion anddiversification in the country is expected to translate to gradual improvements to formal employment and income rates which willincrease demand for a range of covers, though the emphasis will remain on basic, affordable products.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook