Insurance Industry in the Bahamas Available At Researchmoz.us

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The Bahamas is ranked fourth amongst the leading offshore financial centers (OFC) in the world. According to the IMF, the Bahamian financial sector accounted for 12% of total foreign bank assets held at global offshore financial centers at the end of March 2012. The large financial sector has benefited the insurance industry in the country, which is well-developed with a high penetration rate of 8.5% in 2012. The industry is very competitive, with 24 domestic (including both-life and non-life insurers) and 15 foreign insurers (including captive insurers). The Insurance Commission of the Bahamas (ICB) is the regulator of the industry. The Bahamian economy, which is highly dependent on financial and tourism sectors, was impacted by the global financial crisis, leading to a stagnation of growth for the insurance industry.

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Insurance Industry in the Bahamas Available At Researchmoz.us

  1. 1. The Insurance Industry in the Bahamas, Key Trends and Opportunities to 2017SynopsisThe report provides in depth market analysis, information and insights into the insurance industry in theBahamas, including:The Bahamian insurance industry’s growth prospects by insurance segments and categories Thecompetitive landscape in the Bahamian insurance industry The current trends and drivers of the Bahamasinsurance industry The challenges facing the Bahamas insurance industry The regulatory framework of theBahamas insurance industryExecutive summaryThe Bahamas is ranked fourth amongst the leading offshore financial centers (OFC) in the world. Accordingto the IMF, the Bahamian financial sector accounted for 12% of total foreign bank assets held at globaloffshore financial centers at the end of March 2012. The large financial sector has benefited the insuranceindustry in the country, which is well-developed with a high penetration rate of 8.5% in 2012. The industry isvery competitive, with 24 domestic (including both-life and non-life insurers) and 15 foreign insurers(including captive insurers). The Insurance Commission of the Bahamas (ICB) is the regulator of the industry.The Bahamian economy, which is highly dependent on financial and tourism sectors, was impacted by theglobal financial crisis, leading to a stagnation of growth for the insurance industry.ScopeThis report provides a comprehensive analysis of the insurance industry in the Bahamas: It provideshistorical values for the Bahamian insurance industry for the report’s 2008–2012 review periodand forecast figures for the 2012–2017 forecast period It offers a detailed analysis of the key segmentsand categories in the Bahamian insurance industry, along with industry forecasts until 2017 It covers anexhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses,combined ratio, total assets, total investment income and retentions It profiles the top insurance companies inBahamas and outlines the key regulations affecting themReasons to buyMake strategic business decisions using in depth historic and forecast industry data related to the Bahamianinsurance industry and each segment within it Assess the competitive dynamics in the Bahamian insuranceindustry Understand the demand-side dynamics, key market trends and growth opportunities within theBahamian insurance industry Identify the growth opportunities and market dynamics within key segmentsGain insights into key regulations governing the Bahamian insurance industry and its impact on companiesand the industrys futureKey highlightsThe large financial sector has benefited the insurance industry in the country, which is well-developed with ahigh penetration rate of 8.5% in 2012 In 2009, a new regulatory body, the Insurance Commission of theBahamas (ICB) was established and new legislation was enacted to increase supervision of the industry TheBahamian economy, which is highly dependent on financial and tourism sectors, was impacted by the globalfinancial crisis, leading to a stagnation of growth for the insurance industry The Bahamian insurance industryThe Insurance Industry in the Bahamas, Key Trends and Opportunities to 2017
  2. 2. is dominated by non-life insurance The industry is witnessing an increase in competition as companies offerhuge discounts on premiumstable Of Contents1 Executive Summary2 Introduction2.1 What Is This Report About?2.2 Definitions2.3 Methodology3 Bahamian Insurance Industry Overview3.1 Bahamian Insurance Industry3.2 Key Industry Trends And Drivers3.3 Challenges3.4 Regulation4 Industry Segmentation4.1 Life Insurance4.2 Non-life Insurance4.2.1 Property Insurance4.2.2 Motor Insurance4.2.3 Liability Insurance4.2.4 Marine, Aviation And Transit Insurance4.3 Personal Accident And Health Insurance4.4 Reinsurance5 Competitive Landscape5.1 Leading Companies5.1.1 The Bahamas First General Insurance Company – Company Overview5.1.2 The Insurance Company Of The Bahamas Limited (icb) – Company Overview5.1.3 Colina Insurance Limited – Company Overview5.1.4 Baf Financial & Insurance (bahamas) Ltd – Company Overview6 Macroeconomic Indicators6.1 Household Final Consumption Expenditure (us$ Billion)The Insurance Industry in the Bahamas, Key Trends and Opportunities to 2017
  3. 3. 6.2 Air Passengers6.3 Gdp At Current Prices (us$ Billion)6.4 Construction Output (us$ Million)6.5 Inflation Rate (%)6.6 Total Population6.7 Unemployment Rate (%)6.8 Life Expectancy6.9 Exports Of Goods And Services (us$ Billion)7 Appendix7.1 Methodology7.2 Contact Us7.3 About Timetric7.4 DisclaimerResearchMoz(http://www.researchmoz.us/) is the one stop online destination to find and buy market researchreports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with ourhuge collection of market research reports. We provide our services to all sizes of organizations and across allindustry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well aspublishers and will assist you in making an informed decision by giving you unbiased and deep insights onwhich reports will satisfy your needs at the best price.Contact:M/s Sheela,90 State Street,Suite 700,Albany NY - 12207United StatesTel: +1-518-618-1030USA - Canada Toll Free 866-997-4948Email: sales@researchmoz.usWebsite: http://www.researchmoz.us/The Insurance Industry in the Bahamas, Key Trends and Opportunities to 2017

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