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Economic & Financial ReporterInsurance industry needs more capital in Honduras
Source:
laprensahn.com
The Central Bank of Honduras has increased the minimum amount of capital required for insurers and re-insurers by amounts ranging from 262,881 dollars to 788,643.
The demand for capital is independent of the request for higher reserves for insurers.
Under the rules, the monetary authority reviews capital requirements every two years. The amount is based on economic growth of the nation, which was 6.3 percent in 2007.
Related resources Panamanian insurance companies pay 53% more - Nov 24 08 (7%) Panama insurers report 31 percent increase in first-quarter premiums - May 27 08 (7%)  more articles
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Saturday, July 4, 2009 - last update: 12:45 pm
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