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 Haiti 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 Haiti includes detail on social security, healthcare, individual life assurance and pensions information as well as market statistics and life company statistics
Real GDP growth (%)
Insurance Penetration (%)
Haiti is the Caribbean's most mountainous country. The highest peak, La Selle, reaches an altitude of 2,675 metres. Most of the forest which once covered the country has been cut down for fuel or to provide space for farming. Serious soil erosion and desertification are widespread and have contributed to Haiti's poverty. The huge impact of the January 2010 earthquake continues to be felt in many aspects of daily life.
Nearly 80% of the population is said to be living in conditions of poverty. The social security system is rudimentary, although the original legislation had provided for a far wider coverage.
Haiti is a member of CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility - CCRIF), established in 2007 as a regional fund using parametric insurance, giving Caribbean governments the opportunity to purchase earthquake and hurricane catastrophe coverage with lowest-possible pricing.