## Property Insurance Challenges in the ECCU: ECCU

_Selected Issues Papers, May 30, 2025_

## Source details

**Canonical URL:** [Property Insurance Challenges in the ECCU: ECCU](https://www.imf.org/en/publications/selected-issues-papers/issues/2025/05/29/property-insurance-challenges-in-the-eccu-eccu-567315)

## Other formats

- [Markdown version](/en/publications/selected-issues-papers/issues/2025/05/29/property-insurance-challenges-in-the-eccu-eccu-567315/index.md)
- [Structured JSON version](/en/publications/selected-issues-papers/issues/2025/05/29/property-insurance-challenges-in-the-eccu-eccu-567315/index.json)
- [Bundle manifest](/en/publications/selected-issues-papers/issues/2025/05/29/property-insurance-challenges-in-the-eccu-eccu-567315/bundle-manifest.json)

## Bibliographic details
- Authors: Janne A Hukka, Jonas Nauerz
- Published: May 30, 2025
- Series: Selected Issues Papers
- DOI: https://doi.org/10.5089/9798229012775.018

---

### Overview and Key Findings
- Property insurance affordability is a growing challenge for the ECCU.
- The region has a high reliance on global reinsurance to manage risks in high-exposure products like property.
- Recent tightening of global reinsurance market conditions has largely passed through to local premiums and has constrained capacity to extend coverage.
- Rising costs exacerbate acute non- and under-insurance challenges in the region.

### Risks and Macroeconomic Implications
- Elevated premiums and constrained coverage can worsen economic and fiscal impacts of natural disasters.
- Further exacerbation of protection gaps could raise broader macro-financial stability risks by weakening:
  - asset quality
  - credit conditions

### Recommended Readiness and Policy Actions
- Strengthen insurance data collection.
- Enhance risk analysis capabilities.
- Bolster regional supervision.
- Use improved data, analysis, and supervision to:
  - inform appropriate design and calibration of policies to help close protection gaps,
  - contain future market pressures,
  - mitigate broader financial system risks.

### Subject Tags and Keywords (as provided)
- Subject: Financial institutions, Insurance, Insurance companies
- Keywords: Caribbean, challenges in the region, ECCU, Financial Supervision, Global, Insurance, Insurance companies, insurance data collection, Insurance Premium, market condition, Property Insurance, risk analysis

*Source: Property Insurance Challenges in the ECCU: ECCU, Janne A Hukka and Jonas Nauerz, May 30, 2025.*

---

## Content in this bundle

- **Property Insurance Challenges in the ECCU**
  - [Property Insurance Challenges in the ECCU (Markdown version)](/-/media/files/publications/selected-issues-papers/2025/english/sipea2025069.pdf.md){rel="alternate" type="text/markdown"}
  - [Property Insurance Challenges in the ECCU (PDF)](/-/media/files/publications/selected-issues-papers/2025/english/sipea2025069.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/selected-issues-papers/issues/2025/05/29/property-insurance-challenges-in-the-eccu-eccu-567315_