Insurance market reports are produced following a country visit with interviews with professionals working in the sector with systematic updates to information throughout the cycle. Covering market developments, macroeconomic factors and comprehensive details of the regulatory environment including relevant taxation as well as market indicators and company statistics.
Axco’s Curacao Non-Life Insurance Market Report (P&C) also comprises a detailed analysis of lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers’ liability and liability.
The Life & Benefits Report for Curacao includes detail on social security, healthcare, individual life assurance and pensions information as well as market statistics and life company statistics
Real GDP growth (%)
Curacao is the largest and most densely populated of the Dutch Caribbean islands which as a group is relatively affluent, particularly in comparison to its Caribbean neighbours. Curacao is the island least dependent on tourism; though tourism remains important to its economy, it also has an energy sector and a refinery.
The terrain of Curacao ranges from lush vegetation and rocky hills to arid desert. Curacao has a large, sheltered anchorage called the Schottegat, which opens to the Caribbean Sea through a deep, narrow channel called St Anne's Bay.
There were 20 companies licensed to write local non-life business in Curacao and St Maarten in 2019. Of the international insurers, 12 were branches or subsidiaries of foreign insurers which wrote non-life business and three were reinsurers. Licences granted by the Central Bank of Curacao and St Maarten are valid for both islands.