Find Insurance and Reinsurance expertise in Dominica
Dominica has a relatively well developed insurance industry. However, like much of the region, underinsurance is an ongoing issue. It has been estimated that only a quarter of dwellings are insured, with pubic property insurance limited by national budget constraints. The majority of the industry deals with general insurance, due to Dominica’s exposure to tropical storms despite these limitations. There are around 20 insurance companies, with around a quarter of this dedicated to life insurance, which include amongst their ranks iinternational and regional insurance companies such as Sagicor, New India Insurance, NEMWIL, Colonial Life Insurance Company (CLICO), American Life, Lloyds of London, and First Domestic Insurance. Like the rest of the financial sector, Dominica has a market for offshore insurance firms.