Cuba has emerged as a promising market for insurers seeking to leverage protection gaps
Characterized by high education levels, a sophisticated understanding of social security, and relatively developed connections to the financial sector, Cuba is not impeded by the common cultural barriers to the development of insurance markets. These obstacles often include hostility to premium payments, given the uncertainty of payouts; religious opposition to gambling on fate; and limited access to formal financial networks.
Theresa May, the prime minister of the United Kingdom of Great Britain and Northern Ireland, has given notice to the European Union (EU) under Article 50 of the Lisbon Treaty, and the UK will now leave the EU on March 29, 2019.
It is possible for that date to be delayed or even brought forward, but to do so would require the approval of all twenty-seven continuing members of the EU, so, in practical terms, there is unlikely to be any amendment to the timetable.
New Insights Article! Insurance and Risk Management for Catastrophe-Prone Geography: A Business Continuity Approach
Information in this article is based on material shared during the 2016 Annual Meeting session of the same name.
The 2015 world tour of catastrophic losses is a sobering one.