Curacao and Sint Maarten Insurance Industry – Key Trends and Opportunities to 2026
Powered by
All the vital news, analysis, and commentary curated by our industry experts.
Curacao and Sint Maarten Insurance Market Report Overview
The gross written premium of the Curacao and Sint Maarten insurance market was ANG771.2 million ($430.8 million) in 2021. The market is expected to achieve a CAGR of more than 4% during 2021-2026. The Curacao and Sint Maarten insurance market research report provides in-depth market analysis, information, and insights into the Curacao and Sint Maarten insurance industry. It provides values for key performance indicators such as gross written premium, penetration, premium accepted and ceded, profitability ratios, and premium by line of business, during the review period and forecast period.
The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Curacao and Sint Maarten economy and demographics, and provides detailed information on the competitive landscape in the country. The report gives insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.
Curacao and Sint Maarten Insurance Market Outlook, 2021-2026 ($ Million)
For more insights into the Curacao and Sint Maarten insurance market forecast, download a free report sample
Curacao and Sint Maarten Insurance Market Trends
Parametric insurance is the key trend driving the Curacao and Sint Maarten insurance market. Hurricanes in the Caribbean islands are a common phenomenon that lasts from early June to late November. In Curaçao, hurricanes have caused significant damage in the past. The hardest-hit cities are Newport and Willemstad. As a result, there are severe damages and uninsured losses due to natural disasters every year. Losses are concentrated in emerging economic regions and hinder their development. Parametric insurance provides affordable protection to the most vulnerable in the case of natural disasters.
Curacao and Sint Maarten Insurance Market by Segments
The key segments in the Curacao and Sint Maarten insurance market are life insurance and general insurance. The general insurance segment dominates the insurance market in 2021.
Life Insurance: Pension was the largest line of business in 2020, followed by supplementary or riders and life personal accident & health insurance.
General Insurance: Property insurance was the largest insurance class in the general insurance segment followed by motor and non-life personal accident & health insurance.
Curacao and Sint Maarten Insurance Market Analysis by Segments, 2021 (%)
For more segment insights into the Curacao and Sint Maarten insurance market, download a free report sample
Curacao and Sint Maarten Insurance Market Report Overview
Market Size (2021) | ANG771.2 million ($430.8 million) (GWP) |
CAGR (2021-2026) | >4% |
Forecast Period | 2022-2026 |
Historical Period | 2017-2021 |
Key Segments | Life Insurance and General Insurance |
Segments Covered in the Report
Curacao and Sint Maarten Insurance Market Segments Outlook (Value, ANG Million, 2017-2026)
- Life Insurance
- General Insurance
Scope
This report provides:
- Comprehensive analysis of the Curacao and Sint Maarten insurance industry.
- Historical values for the Curacao and Sint Maarten insurance industry for the report’s review period and projected figures for the forecast period.
- A detailed analysis of the key categories in the Curacao and Sint Maarten insurance industry, and market forecasts to 2026.
- Profiles of the top life insurance companies in Curacao and Sint Maarten and outlines the key regulations affecting them.
Reasons to Buy
- Make strategic business decisions using in-depth historic and forecast market data related to the Curacao and Sint Maarten insurance industry, and each category within it.
- Understand the demand-side dynamics, key market trends, and growth opportunities in the Curacao and Sint Maarten insurance industry.
- Assess the competitive dynamics in the Curacao and Sint Maarten insurance industry.
- Identify growth opportunities and market dynamics in key product categories.
Table of Contents
Frequently asked questions
-
What was the Curacao and Sint Maarten insurance market gross written premium in 2021?
The gross written premium of the Curacao and Sint Maarten insurance market was ANG771.2 million ($430.8 million) in 2021.
-
What is the Curacao and Sint Maarten insurance market growth rate?
The insurance market in Curacao and Sint Maarten is expected to achieve a CAGR of more than 4% during 2021-2026.
-
What are the key segments of the Curacao and Sint Maarten insurance market?
The key segments of the Curacao and Sint Maarten insurance market are life insurance and general insurance.
-
Which segment dominates the Curacao and Sint Maarten insurance market in 2021?
The general insurance segment dominates the Curacao and Sint Maarten insurance market in 2021.
Get in touch to find out about multi-purchase discounts
reportstore@globaldata.com
Tel +44 20 7947 2745
Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.