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General insurers expected to face slow growth in 2025
Summary by CBC Barbados
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General insurers expected to face slow growth in 2025
General insurers are expected to face challenges from slowing growth and rising reinsurance costs in 2025. That’s according to the 2024 Financial Stability Report. It says geopolitical tensions and tariff disputes may dampen regional expansion and drive modest imported inflation, while reinsurance premiums are expected to increase due to climate-associated risks. The report adds that these pressures could temper premium growth and marginally wid…
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