MarketResearchReports.Com: The Insurance Industry in Honduras, Key Trends and Opportunities to 2018, New Report Launched

Lewes, DE -- (SBWIRE) -- 07/30/2014 -- 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.