Caribbean General Insurance Market

Goals

To understand the general insurance market in the Caribbean (Barbados, Guyana, and St. Lucia). To build a competitive landscape for general insurance companies in the Caribbean, by identifying the top 5 players per country.
To complete the attached spreadsheet with details related to Co-op General Insurance, ICBL, Sagicor, and Massy United.

Early Findings

Caribbean General Insurance

  • For the Caribbean insurance sector, hurricanes "Irma and María generated US$94.6bn in economic losses and US$34.8bn in insured losses, casting far-reaching uncertainty for the economic future of the hardest-hit islands, as the insurance industry now faces a new chapter in the region. "
  • In 2016, the total number of written premiums in Barbados for Massy United was 113,969.
  • In 2016, the total number of written premiums in Barbados for Sagicor was 64,632.

Co-op General Insurance

ICBL

Summary

  • Details for Co-op General Insurance and ICBL were added to the spreadsheet.
  • We found some proprietary research from one of our data partners, which may be helpful. If you'd like us to purchase this report on your behalf, just let us know!

Proposed next steps:

You need to be the project owner to select a next step.