Dutch Caribbean

Life Report

Product Insurance Market Reports Life Rev Netherlands Antilles (Dutch)

Key Highlights

Get access to Axco’s online product with the latest market intelligence for the market of your choice


  • Key insights and explanations of market developments in life insurance, healthcare and pensions
  • Details the Dutch Caribbean's insurance, social security, pensions and healthcare regulatory framework and company and personal tax considerations
  • Current legislation and upcoming changes
  • The latest developments in the economic and political environment of Aruba, Curacao and St Maarten
  • Demographic information
  • Market statistics and company performance

Report Overview

Independent strategic insight, line of business detail, regulatory information & market data for the non-life (P&C) insurance market of the islands of the Dutch Caribbean

The Dutch Caribbean life and benefits market report provides a comprehensive, impartial analysis of the life insurance market of the jurisdictions of the Dutch Caribbean (Aruba, Curacao and St. Maarten).  Information extends to extensive detail on healthcare (public and private), pensions and benefits, and social security. Specialist researchers visit Aruba, Curacao and St Maarten to interview local professionals working across the local market. The report is updated with new information and data regularly throughout the cycle of country visits.

The report provides information about the Dutch Caribbean’s demographic profile and assesses its economic, political, climate, operational, and security risks. Key data on the investment environment in the Dutch Caribbean is available.

Axco’s report describes the regulatory framework that applies to the domestic life insurance sector, including whether non-admitted insurance is permitted in Aruba, Curacao and St Maarten; as well as the legislation necessary to know regarding healthcare, pensions and social security.

Statistics include five years of life insurance market performance indicators, including gross written premiums, premium growth and penetration rates. Company statistics show local insurance company premiums, market share and year on year growth.

Life Insurance

Axco provides details on the life insurance sector including market participants in Aruba, Curacao and Sint Maarten, reinsurance and distribution channels. The reports describe classes of business from both individual and group life such as whole life, endowment, term life and unit-linked.
Information on non-life classes for example critical illness and private medical insurance.


The report describes the public and private healthcare system in the islands of the Netherlands Antilles, the scope of cover, accessibility financing and provides an analysis of how the public and private systems complement each other.


Axco reports on the three pillars of the Dutch Caribbean pension provision.

  • State pension benefits including benefit calculations and eligibility criteria 
  • Workplace pension provision; types of schemes calculations eligibility and; tax implications
  • Voluntary individual pension provision, type of products and tax implications

Social Security

The report provides an in-depth analysis of the regulatory framework governing social security as well as details on financing and eligibility. Information includes but is not limited to

  • state pensions
  • permanent disability benefit
  • occupational accident and disease
  • maternity and paternity payments 

Dutch Caribbean Life & Benefits Report Extract

Below are brief extracts of information from the Dutch Caribbean Life & Benefits Report; more updated information may be available in the latest published report.

Life Insurance

Summary & Trends

Curacao and Sint Maarten differ from Aruba and many other countries in the region by being separate countries but with a shared regulator. The Central Bank of Curacao and St Maarten has representation on both islands and is headquartered in Willemstad, Curacao. The two islands are distinguished by being a considerable distance apart with St Maarten in an area frequently affected by hurricanes.

The Aruban market is regulated by the insurance supervisor at the central bank. Separate to the supervisory department are teams handling enforcement and anti-money laundering (AML). It is a small and stable market and ....


Summary & Trends

Before the state schemes were introduced, the pensions market was dominated by Ennia and Fatum; they continue to have the highest profile among those insurers writing pension business. The only specialist pension fund administrator competing with the insurance sector to offer products on a commercial basis to the entire potential group market is Vidanova Pension Management Foundation.


Summary & Trends

State healthcare provision in Aruba is such that the role of the private sector is limited. There are no separate statistics for private medical insurance (PMI) but the total personal accident (PA) and health premium for Aruba has been around 5% of market income or a little higher. In 2011 the government in Aruba took measures to put the state health service financing on a sounder footing by increasing contribution levels with ...

Back to Report Store

You may also be interested in these reports...


Ready to talk? We're here to help.

Whether you need more information or to discuss which products are best suited to your needs, our dedicated team are here to help.

Get in touch