Six weeks after Hurricane Fiona struck Puerto Rico and the Dominican Republic, the Caribbean property insurance market faces 20–35% premium increases as reconstruction needs mount and CCRIF delivers rapid payouts.

Hurricane Fiona devastates Puerto Rico and the Dominican Republic’s southwest as Caribbean energy costs hit record highs driven by the Russia-Ukraine war, and construction costs reach 40% above 2020 baselines.

Caribbean construction costs hit a 40-year high at 30–50% above 2020 baselines while diaspora remittances reach record levels and Guyana’s real estate market surges 60% on oil sector demand.

Jamaica breaks all-time visitor records in July 2022 as Barbados villa rates hit 45% above 2019 levels, Cayman luxury inventory hits historic lows and the Caribbean’s post-COVID tourism boom drives property to new peaks.

Summer 2022 delivered the Caribbean’s first truly post-COVID tourism season, with Jamaica setting arrival records, DR welcoming 700k+ visitors in June, and short-term rental rates running 25-40% above 2019 levels across the region.

Caribbean inflation hit multi-decade highs in May 2022, with Jamaica above 11% CPI and construction costs up 30-50% from 2019 levels. The Fed’s aggressive rate hikes compounded affordability pressure on first-time buyers.

Caribbean economies post above-forecast GDP growth as tourism recovery accelerates, but Russia-Ukraine commodity prices strain budgets. Barbados completes a successful IMF programme review as Guyana’s oil expansion advances.

Oil reached $130 per barrel one month into the Russia-Ukraine war, hitting Caribbean energy budgets hard. But summer 2022 tourism bookings hit record levels as the first truly post-COVID Caribbean summer came into view.

Russia’s invasion of Ukraine on February 24, 2022 sent oil prices above $105 per barrel, triggering an immediate energy and food price shock across the Caribbean’s import-dependent economies while tourism bookings held firm.

The Omicron wave disrupted Caribbean tourism in January 2022, but open-border policies held firm. The Bank of Jamaica raised its policy rate and Russia-Ukraine tensions introduced a new commodity price risk.