Barbados Insurance Q1 2020
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.
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