Local insurers navigating reinsurance cost hikes to maintain affordable coverage
NASSAU, BAHAMAS — Local insurers are doing their best to fight to keep costs down for customers amidst reinsurance cost hikes, according to Richard Darville, Deputy Chairman of the Bahamas Insurance Association (BIA), who noted that catastrophe premiums have increased by 30-40 percent over the past three to five years. Darville explained: “Going into 2022/2023, […]
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