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We turn to insurance industry experts operating in the region to shed light on pressing issues. With premiums reportedly on the rise to at least 20% increases, concerns loom large among potential clients over affordability and access to essential healthcare and insurance services.
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Tourism, historically a cornerstone of Guam’s economy, has not yet returned to pre-pandemic levels. The recovery has been slower than anticipated, with several factors contributing to this lag.
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Military construction surge drives strongest confidence in five years
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Guam’s current economic landscape is defined by a profound structural bifurcation. Those entities anchored within the construction and defense sectors are projected to sustain high-capacity operations for the next decade, fueled by a multi-billion-dollar military buildup that now serves as the island’s primary macroeconomic stabilizer.
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In the past year, three homeowners in Guam decided to replace their tin roofs with
concrete ones.