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Jamaica's insured losses from hurricane Melissa likely to fall to reinsurers

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1102 ‎$0‎MAPA20080441371‎$a‎A.M. Best Company
24510‎$a‎Jamaica's insured losses from hurricane Melissa likely to fall to reinsurers‎$c‎A.M. Best Company Inc
260  ‎$a‎New Jersey‎$b‎A.M. Best Company Inc‎$c‎2025
300  ‎$a‎3 p.
4900 ‎$a‎Best's commentary‎$v‎October 29, 2025
5050 ‎$a‎Principal takeaways -- Hurricane Melissa makes landfall in Jamaica -- Reinsurance partnerships provide capacity to write insurance in the Caribbean -- Modeling challenges and protection gap in the region -- AM Best will continue to monitor the impact
520  ‎$a‎The report discusses the impact of Hurricane Melissa, a Category 5 storm that made landfall in Jamaica, marking the island's first direct hit by such a powerful hurricane since 1988. Despite low insurance penetrationless than 5%economic losses are expected to reach billions, with insured losses likely to fall primarily on reinsurers due to the region's reliance on reinsurance partnerships. The storm threatens Jamaica's tourism-driven economy and infrastructure, and may trigger a $150 million parametric catastrophe bond under the World Bank's risk insurance program. The report also highlights the challenges of catastrophe modeling in the Caribbean, the importance of closing the protection gap, and the potential implications for future reinsurance pricing
650 4‎$0‎MAPA20080629755‎$a‎Seguro de riesgos extraordinarios
650 4‎$0‎MAPA20080551254‎$a‎Huracanes
650 4‎$0‎MAPA20130005317‎$a‎Pérdidas máximas por siniestros
650 4‎$0‎MAPA20080552367‎$a‎Reaseguro
650 4‎$0‎MAPA20080579784‎$a‎Costes económicos
650 4‎$0‎MAPA20170006718‎$a‎Seguros paramétricos
650 4‎$0‎MAPA20190012508‎$a‎Brecha de protección
650 4‎$0‎MAPA20080607616‎$a‎Penetración del seguro
650 4‎$0‎MAPA20080628529‎$a‎Programas de gerencia de riesgos
651 1‎$0‎MAPA20150007650‎$a‎Jamaica
7102 ‎$0‎MAPA20080441371‎$a‎A.M. Best Company
856  ‎$u‎https://news.ambest.com/newscontent.aspx?refnum=270200