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 Saint Lucia 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 Saint Lucia 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 (%)
St Lucia is said to have been discovered by shipwrecked French seamen who named the island after the Virgin Martyr of Syracuse, the only country to be named after a woman. It is the second largest of the Windward Islands situated between the Caribbean Sea and the North Atlantic Ocean.
Distribution of insurance in the Eastern Caribbean continues to be based largely on the general underwriting agency system.Despite their small size, each market of the Eastern Caribbean, 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.