The Insurance Industry: Honduras, Paraguay, Zimbabwe - Key Trends and Opportunities to 2018

The report provides in-depth industry analysis, information and insights of the insurance industry in Honduras, including:

• The Honduras, Paraguay, Zimbabwe insurance industry’s growth prospects by insurance segments and categories
• The competitive landscape in the Honduras, Paraguay, Zimbabwe insurance industry
• The current trends and drivers of the Honduras, Paraguay, Zimbabwe insurance industry
• Challenges facing the Honduras, Paraguay, Zimbabwe insurance industry
• A detailed regulatory framework of the Honduras, Paraguay, Zimbabwe insurance industry

The Insurance Industry in Honduras, Key Trends and Opportunities to 2018
 
The Honduran economy is currently recovering from the 2008 global financial crisis, which hampered the overall development of the country’s insurance industry. Political crises in the country were a major concern during 2009 and 2010, particularly those concerning plans to rewrite the country’s constitution. Despite this, growth in the tourism sector, recovery in the US economy and an increase in exports, public investments and higher remittances all contributed to the recovery of the country’s economy during the review period (2009–2010). Honduras is the third-largest exporter of textiles to the US, after China and Mexico, with textiles constituting more than half of the country’s exports in 2013. The Honduran insurance industry grew at a review-period CAGR of 8.8%. The growth in the industry was partially due to the strong performance of the life insurance segment, as well as personal accident and health insurance.

The Insurance Industry in Paraguay, Key Trends and Opportunities to 2018

In terms of written premium value, the Paraguayan insurance industry grew at a review-period CAGR of 18.5% in 2013. The increase was on account of the strong performance of the life segment, which registered a review-period CAGR of 29.9%. The industry is projected to grow at a forecast-period CAGR of 12.6%, driven by a strengthening economy and rising beef exports. Paraguay is the world’s eighth-largest exporter of beef, and is expected to be the fifth-largest exporter by 2018, creating demand for transit and marine insurance over the forecast period. The overall insurance industry is dominated by the non-life segment, which accounted for 85.1% of the industry's gross written premium in 2013.

The Insurance Industry in Zimbabwe, Key Trends and Opportunities to 2018

The Zimbabwean economy is recovering after registering extremely high inflation and external debt. The stabilization and slow recovery of the economy followed the formation of the Government of National Unity in 2009, a coalition government, and the introduction of the multi-currency regime in the same year. The slow economic recovery supported the growth of the insurance industry, which grew at a CAGR of 43.5%. The strong performance of the life segment also supported the growth of the Zimbabwean insurance industry. The industry is expected to grow at a forecast-period CAGR of 17.3%.

This report provides a comprehensive analysis of the insurance industry in Honduras, Paraguay, Zimbabwe:

• It provides historical values for the Honduras, Paraguay, Zimbabwe insurance industry for the report’s 2009–2013 review period and forecast figures for the 2013–2018 forecast period.
• It offers a detailed analysis of the key segments and categories in the Honduras, Paraguay, Zimbabwe insurance industry, along with forecasts until 2018.
• It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions.
• It profiles the top insurance companies in Honduras, and outlines the key regulations affecting them.

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