Barbados Insurance Q4 2019
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 thriving tourismmarket, which grew by about 5% in 2017 and 2018, is supporting growth in commercial property lines.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook