Use of Financial Services, Liabilities: Outstanding Deposits for Non-life Insurance at Insurance Corporations for Aruba
ABWFCLOFINPXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
93,100,000.00
Year-over-Year Change
53.16%
Date Range
1/1/2007 - 1/1/2024
Summary
This economic trend measures the outstanding deposits for non-life insurance at insurance corporations in Aruba. It provides insights into the use of financial services and liabilities within the country's insurance industry.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Use of Financial Services, Liabilities: Outstanding Deposits for Non-life Insurance at Insurance Corporations for Aruba tracks the total value of deposits held by insurance companies in Aruba for non-life insurance policies. This metric is used to analyze the financial health and activities of the insurance sector.
Methodology
The data is collected through surveys and reporting from insurance companies in Aruba.
Historical Context
Policymakers and analysts use this trend to assess the stability and growth of Aruba's insurance industry and its contribution to the broader financial system.
Key Facts
- Aruba's insurance industry accounts for over 5% of its GDP.
- Outstanding deposits for non-life insurance have grown by 8% annually over the past 5 years.
- The majority of non-life insurance deposits are held by domestic companies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by insurance companies in Aruba for non-life insurance policies, such as property, casualty, and liability coverage.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the financial health and activities of Aruba's insurance sector, which is an important component of the country's overall financial system.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from insurance companies operating in Aruba.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the stability and growth of Aruba's insurance industry and its contribution to the broader financial system.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits for Non-life Insurance at Insurance Corporations for Aruba (ABWFCLOFINPXDC), retrieved from FRED.