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Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the Dutch Caribbean's non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in the Dutch Caribbean's insurance sector. Systematic updates are published throughout the cycle, to the latest developments in the Dutch Caribbean non-life (P&C) market as well as trends by line of business. Axco analysts also report on the Dutch Caribbean's economic factors, the local political situation, and sections on climate, operational, and security risks. The report is suitable for insurers, reinsurance companies, brokers and insurance buyers.
The report describes the Dutch Caribbean's insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in the Dutch Caribbean, what are the local rules on licensing and detailing any relevant taxes and charges for the insurer and the insured.
View detailed analysis of local lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers' liability and liability. The report lists the insurance companies operating in the Dutch Caribbean, their market share and investigates how much premium is written through the sector’s different distribution channels.
Statistics include five years of non-life (P&C) market performance indicators, including gross written premiums, premium growth, penetration, profitability ratios, and premium by line of business. Company statistics show who are the leading non-life insurance companies in the Dutch Caribbean with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
The dissolution of the Netherlands Antilles in October 2010 had little practical impact on the insurance markets of Aruba, Curacao and St Maarten. Aruba is its own jurisdiction with its own regulator in the form of the central bank. Curacao and St Maarten still share a central bank despite talk about establishing separate institutions although full branch status was given to a department in Philipsburg in 2018 ....
This is a brief extract of information; more updated information may be available in the latest published report