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:
Businesses have until April to prepare for minimum wage increase
Infrastructure minister insists school buses will not be scrapped
Braddan Commissioners says social housing roof works doubled in costÂ
'No evidence' Isle of Man in recession, says treasury minister
Unemployment remains at 0.6 percent as vacancies rise