A.M. BestTV: Caribbean Insurance Growth Continues, But Performance Varies
In the
“A couple of things are driving the profitability,” said Mulry.” One would be fewer catastrophes in recent years. Another would be higher retention rates from much of the jurisdictions, along with a decrease in reinsurance costs.”
The
”Any changes in these markets could have an impact on the overall regional results. Each jurisdiction is different, whether its regulation or real estate prices that drive the individual markets,” she said. “Each country has a very specific market, and any change in the larger ones does impact the overall regional results.”
To access a copy of this Best’s Special Report, titled, “Caribbean-Based Insurers Weathering the Storm,” visit http://www3.ambest.com/bestweek/purchase.asp?record_code=262225.
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