Barbados Insurance Q1 2020

Barbados Insurance Q1 2020

Key View:

The Barbados insurance market, though small in absolute terms, is well developed in per capita terms, reflecting the highincomes and insurance usage of local households as well as the country's sizeable expat population. While the economy remainsfragile and consumer confidence is tentative, we see a number of bright spots emerging for the insurance industry over the next fewyears. In particular, we see robust growth in the health and personal accident segment, as the retirement-age and expatriatepopulations expand and economic uncertainty drives demand for savings and investment products. Elsewhere, the life segment isexpected to outpace the economy as it is forecast to witness solid stable growth over the forecast period.

Key View
Insurance SWOT
Industry Forecast
Life Premiums Forecast
Non-Life Premiums Forecast
Non-Life Sub-Sector Forecast
Industry Risk/Reward Index
Latin America & The Caribbean Insurance Risk/Reward Index
Market Overview
Life Market Overview
Non-Life Market Overview
Company Profile
Insurance Company Of Barbados
Scotia Insurance
Insurance Methodology

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