  2019 was also a quiet year for the insurance industry in terms of the absence of major catastrophes, but there have been some major losses in the fire class, exposing some insurance entities to significant claims. The transfer of the workers compensation class to the ACCF has not impacted the profitability of general insurance companies in 2019.
  Although the industry’s performance was expected to reflect the economic slowdown generally experienced through most of 2019, statistics for the first three (3) quarters of 2019 have shown otherwise. On a consolidated basis, the insurance industry continued to register improved profitability results, and stronger solvency positions.