Fitch recently released its annual report on the Nicaraguan insurance market, “Sector Seguros de Honduras: Desempeño Semestral y Perspectivas de Corto Plazo.” Although the report notes that net premiums grew by 14% over the previous year, due in large part to the positive and increasing role of private insurers, it also finds that Nicaragua remains the most inefficient market in Central America due to high operating costs. The report also noted that any improvement spurred by participation in the market of insurance companies associated with international operations may be counterbalanced by increasing competitive pressure on pricing and predicted decreases in demand.

For a copy of the report, please click here.