Insurance makes up almost 18% of Manx economy
The Island’s insurance industry expects to be hit by falling global stock markets as a result of coronavirus.
That’s from the chairman of the Manx Insurance Association and Quilter International chief executive Peter Kenny.
According to the National Income Report published by the Isle of Man Government last October, insurance is the Island’s second-largest sector, making up almost 18% of the Manx economy.
Mr Kenny says revenue looks certain to be affected: