2018 Financial Stability Report Presentation

The Insurance Sector

a) Developments

1. The insurance sector remained broadly stable as at December 2018, notwithstanding difficulties in Dominica 2. Total assets in the sector as at December 2018 was estimated at $2.2b, up from $2.0b, in December 2017 3. Gross Premiums which reflect how much risk the insurance sector is covering was estimated at $1.27b 4. Net premiums written which reflect the risk that insurance companies retain was estimated at $456.6m

5. This gives rise to a risk retention ratio of 35.9 per cent

6. The loss ratio and the combined ratio for the insurance sector remained stable which signal improved profitability