Insurance rates fall to lowest levels in 30 years in Barbados
Posted On: Jul. 6, 2016 12:00 AM CSTDavid Alleyne, CEO of Barbados-based Sagicor General Insurance Inc., has said that insurance premiums have fallen to their lowest levels in 30 years because of stiff competition and a soft reinsurance market, reported Barbados Today.
Randy Graham, CEO at the country's Financial Services Commission, said an increase in economic activity could result in more business for the insurance industry.