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 Eastern Caribbean 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 the Eastern Caribbean includes detail on social security, healthcare, individual life assurance and pensions information as well as market statistics and life company statistics
Made up of 11 members forming a continuous archipelago across the Leeward Islands and Windward Islands
Axco’s Eastern Caribbean Report includes details for Antigua and Barbuda, the Commonwealth of Dominica, Grenada, St Lucia and St Vincent and the Grenadines.
Despite their small size, each market has a disproportionate number of participants, including local insurers and branches or agencies of other Caribbean companies, although the presence of non-Caribbean insurers is very limited. Market participants present in most or all markets include Caribbean Alliance from Antigua, Beacon, Sun General Insurance, Gulf Insurance and Guardian General (formerly NEMWIL) from Trinidad, United Insurance from Barbados, Island Heritage from the Cayman Islands and NAGICO from St Maarten.