The offshore life market continued to expand in the period to 2006 (the latest for which full statistics are available) but as this market is very dependent upon the world economy there is uncertainty as to how deeply the recent world economic situation will have affected it.

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The Caribbean Catastrophe Risk Insurance Facility (CCRIF) is a parametric insurance facility, owned, operated and registered in the Caribbean for Caribbean governments. It insures government risk and is designed to limit the financial impact of catastrophic hurricanes and earthquakes to Caribbean governments by quickly providing short term liquidity when a policy is triggered.

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France has had considerable overseas interests in various areas of the world. The present ones vary greatly in size and population. They include territories in the continental land masses of South America and virtually uninhabited parts of Antarctica, as well as archipelagos and individual islands. The principal legislative designations before 2003 were:

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Singapore has attracted many international insurers and reinsurers and has become a leading insurance centre. Its attractions include:

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Since Axco announced the launch of Compliance Online in the previous newsletter, this product has proved to be a great success with our customers. Compliance Online was developed to speed up the process of finding essential regulatory and tax information required for cross-border insurance programmes.

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