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Monaco has an importance as a financial centre, which is out of all proportion to its tiny size. With a total population of about 34,000 and a land area of only two square kilometres, it is the second smallest independent state in the world.
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Axco’s Offshore Life Report has now been renamed as the International Life Report. This better reflects the content of the report, which focuses on business written across borders by life insurers based in tax-efficient locations and specialising in this type of business.
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The Organisation of Eastern Caribbean States (OECS) comprises Antigua and Barbuda, Dominica, Grenada, Montserrat, Saint Kitts and Nevis, Saint Lucia and Saint Vincent and the Grenadines. It has a common currency and central bank - the Eastern Caribbean Central Bank (ECCB).
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Two factors have encouraged the insurance market in Madagascar in recent years to evolve. In 2006 the Malagasy insurance regulator licensed the European insurer Allianz (AGF at the time) and the African Colina to open subsidiaries on the island. Shortly afterwards, in mid-2008, the same authorities allowed insurance brokers to start operating.
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Uganda is a member of the East African Community (EAC), along with Kenya, Tanzania, Rwanda and Burundi. The long term objective was to create a customs union, a currency union and eventually a political federation.
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More insurance facts from around the world - Denmark,
El Salvador, Nicaragua and Niger
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