Cayman Islands Insurance Industry – Key Trends and Opportunities to 2024

GlobalData’s 'Cayman Islands Insurance Industry – Key Trends and Opportunities to 2024’ report provides in-depth market analysis, information and insights into the Caymanian insurance industry.

This report provides a detailed outlook by product category for the Caymanian insurance industry.

It provides values for key performance indicators such as gross written premium, penetration, and premium ceded during the review period (2015-2019) and forecast period (2019-2024).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Caymanian economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together GlobalData’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Key Highlights

– Key insights and dynamics of the Cayman Island insurance industry.

– A comprehensive overview of the Caymanian economy, government initiatives and investment opportunities.

– The Caymanian insurance regulatory framework’s evolution, key facts, taxation regime, licensing and capital requirements.

– The Caymanian insurance industry’s market structure giving details of lines of business.

– Cayman Island’s reinsurance business’s market structure giving details of premium ceded along with cession rates.

– Details of the competitive landscape and competitors’ profiles.

Scope

This report provides a comprehensive analysis of the Cayman Islands insurance industry –

– It provides historical values for the Cayman Islands insurance industry for the report’s 2015-2019 review period, and projected figures for the 2020-2024 forecast period.

– It offers a detailed analysis of the key categories in the Cayman Island insurance industry, and market forecasts to 2024.

– It profiles the top life insurance companies in Cayman Island and outlines the key regulations affecting them.

Reasons to buy

– Make strategic business decisions using in-depth historic and forecast market data related to the Cayman Islands insurance industry, and each category within it.

– Understand the demand-side dynamics, key market trends and growth opportunities in the Cayman Islands insurance industry.

– Assess the competitive dynamics in the Cayman Islands insurance industry.

– Identify growth opportunities and market dynamics in key product categories.

Companies mentioned

Colonial Medical Insurance Company Limited

Island Heritage Insurance Company Limited

Cayman First Insurance Company Limited

British Caymanian Insurance Company Limited

The Insurance Company of the West Indies (Jamaica) Limited

Saxon Motor & General Insurance Company Limited

Colonial Life Assurance Company Limited

Table of Contents

Table of Contents

Executive Summary

Economy Overview

Key Market Trends

Regulatory and Compliance

Life Insurance Overview

Penetration and Growth

Premiums and Key Lines of Business

General Insurance Overview

Penetration and Growth

Premiums and Profitability

Key Trends by Consumer Segment

Key Trends by Lines of Business

Competitive Landscape

Insurance Industry – Market Share and Concentration

Competitor Profiles

Reinsurance Overview

Reinsurance Ceded Premiums

Reinsurance Regulatory and Compliance

Insurtech

Appendix

    Pricing

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