The Cayman Islands are one of the most renowned offshore financial centers in the world. The islands’ favorable conditions and transparent regulations work with excellent infrastructural facilities to attract insurance companies from around the world. The insurance industry is an integral part of the Cayman Islands’ financial sector, which accounted for 30% of GDP in 2011. The island has emerged as a hub for captive insurance and offshore health insurance business. Despite global market conditions, the low interest rate environment and growing competition, the insurance industry’s gross written premium expanded at a CAGR of 5.1% during the review period (2008–2012).

1. The Insurance Industry in the Cayman Islands, Key Trends and Opportunities to 2017
Synopsis
The report provides in depth market analysis, information and insights into the insurance industry in the
Cayman Islands, including:
The Cayman Islands insurance industry’s growth prospects by insurance segments and categories
The competitive landscape in the Cayman Islands insurance industry The current trends and drivers of the
Cayman Islands insurance industry The challenges facing the Cayman Islands insurance industry The
regulatory framework of the Cayman Islands insurance industry
Executive summary
The Cayman Islands are one of the most renowned offshore financial centers in the world. The
islands’ favorable conditions and transparent regulations work with excellent infrastructural facilities
to attract insurance companies from around the world. The insurance industry is an integral part of the
Cayman Islands’ financial sector, which accounted for 30% of GDP in 2011. The island has emerged
as a hub for captive insurance and offshore health insurance business. Despite global market conditions, the
low interest rate environment and growing competition, the insurance industry’s gross written premium
expanded at a CAGR of 5.1% during the review period (2008–2012).
Scope
This report provides a comprehensive analysis of the insurance industry in the Cayman Islands:
It provides historical values for the Cayman Islands insurance industry for the report’s
2008–2012 review period and forecast figures for the 2012–2017 forecast period It offers a
detailed analysis of the key segments and categories in the Cayman Islands insurance industry, along with
industry forecasts until 2017 It covers an exhaustive 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 in the Cayman Islands and outlines the key regulations affecting them
Key highlights
The insurance industry is well diversified with 768 insurance companies operating at the end of 2012 Over
the forecast period (2012–2017), the recovery in the economy, the evolving regulatory environment,
the availability of an experienced workforce combined with the low-cost advantage for running a business will
drive the growth of the insurance industry The Cayman Islands Monetary Authority (CIMA), the regulator of
the insurance industry, revised the insurance law in 2010 CIMA introduced a new regulation by amending the
insurance law in 2013 to permit segregated portfolio insurers (SPC) to form one or more cell companies called
portfolio insurance companies (PIC). This is expected to attract further investment in the insurance industry
Reasons to buy
Make strategic business decisions using in depth historic and forecast industry data related to the Cayman
Islands insurance industry and each segment within it Understand the demand-side dynamics, key market
trends and growth opportunities within the Cayman Islands insurance industry Assess the competitive
dynamics in the Cayman Islands insurance industry Identify the growth opportunities and market dynamics
within key segments Gain insights into key regulations governing the Cayman Islands insurance industry and
its impact on companies and the industry's future
The Insurance Industry in the Cayman Islands, Key Trends and Opportunities to 2017

2. table Of Contents
1 Executive Summary
2 Introduction
2.1 What Is This Report About?
2.2 Definitions
2.3 Methodology
3 Caymanian Insurance Industry Overview
3.1 Caymanian Insurance Industry
3.2 Key Industry Trends And Drivers
3.3 Challenges
3.4 Regulation
4 Industry Segmentation
4.1 Life Insurance
4.1.1 Individual Life Insurance
4.1.2 General Annuity Insurance
4.2 Non-life Insurance
4.2.1 Property Insurance
4.2.2 Motor Insurance
4.2.3 Liability Insurance
4.2.4 Marine, Aviation And Transit Insurance
4.3 Personal Accident And Health Insurance
4.3.1 Personal Accident Insurance
4.3.2 Health Insurance
4.4 Reinsurance
5 Competitive Landscape
5.1 Overview
5.2 Leading Companies
5.2.1 Colina Insurance Ltd – Company Overview
5.2.2 Bf&m General Insurance Company Ltd – Company Overview
5.2.3 Cayman Islands National Insurance Company Ltd – Company Overview
5.2.4 Baf Insurance Company (cayman) Ltd – Company Overview
5.2.5 Sagicor Life Of The Cayman Islands Ltd – Company Overview
The Insurance Industry in the Cayman Islands, Key Trends and Opportunities to 2017

3. 6 Macroeconomic Indicators
6.1 Gdp At Current Prices (us$ Billion)
6.2 Inflation Rate (%)
6.3 Total Population
6.4 Household Final Consumption Expenditure (us$ Billion)
6.5 Agriculture, Hunting, Forestry, Fishing Output (us$ Million)
6.6 Construction Output (us$ Million)
6.7 Mining, Manufacturing, Utilities Output (us$ Billion)
6.8 Exports Of Goods And Services (us$ Billion)
7 Appendix
7.1 Methodology
7.2 Contact Us
7.3 About Timetric
7.4 Disclaimer
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The Insurance Industry in the Cayman Islands, Key Trends and Opportunities to 2017