1. Market Research
  2. > Financial Services
  3. > Insurance Market Trends
  4. > The Insurance Industry in The Bahamas, Key Trends and Opportunities to 2019

The Insurance Industry in The Bahamas, Key Trends and Opportunities to 2019

  • April 2016
  • -
  • Timetric
  • -
  • 153 pages

Summary

Table of Contents

Search Inside

Synopsis

Timetric’s 'The Insurance Industry in The Bahamas, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers and challenges in the Bahamian insurance industry.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (2010–2014) and forecast period (2014–2019).

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

The report brings together Timetric’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.

Summary
Timetric’s 'The Insurance Industry in The Bahamas, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Bahamian insurance industry, including:

- The Bahamian insurance industry's growth prospects by segment and category

- A comprehensive overview of the Bahamian economy and demographics

- The detailed competitive landscape in the Bahamian insurance industry

- The various distribution channels in the Bahamian insurance industry

- Details of regulatory policy applicable to the Bahamian insurance industry

- Analysis of natural hazards in Bahamian insurance industry

Scope
This report provides a comprehensive analysis of the insurance industry in The Bahamas:

- It provides historical values for the Bahamian insurance industry for the report’s 2010–2014 review period, and projected figures for the 2014–2019 forecast period.

- It offers a detailed analysis of the key segments in the Bahamian insurance industry, with market forecasts to 2019.

- It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, combined ratio, total assets, total investment income and retentions.

- It analyzes the various distribution channels in The Bahamas.

- It profiles the top insurance companies in The Bahamas 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 Bahamian insurance industry and each segment and category within it.

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

- Assess the competitive dynamics in the Bahamian insurance industry.

- Identify growth opportunities and market dynamics in key segments.

- Gain insights into key regulations governing the Bahamian insurance industry and their impact on companies and the industry's future.

Key Highlights
- The Bahamian insurance industry grew at a CAGR of 4.7% during the review period .

- The life segment recovered during 2011–2014, as a result of the recovering US economy.

- Growth in high-value construction projects, including resorts, hotels and casinos, to boost tourism activity positively impact the non-life segment during the review period.

- A rise in the number of road traffic accidents, increased public awareness of healthcare, and positive momentum in the country’s economy resulted in the personal accident and health insurance segment’s growth.

- The government will be the main consumer for private health insurance, which will generate business for private health insurers over the forecast period

- Bahamian insurers reinsure nearly 60% of the risk they underwrite, and almost all the risk reinsured is placed abroad.

- Geographical proximity to the US, and factors such as familiarity with the regulatory environment and a well-developed financial services sector, are drawing US-based small and mid-sized enterprises (SMEs) – with annual revenues of US$10.0 million–1.0 billion – to associate with the segregated cell aspect of captive insurance in the Bahamas.

- Stable growth in compulsory insurance classes, and infrastructure and tourism development will support the insurance industry’s growth over the forecast period.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
Get This Report
24/7 Customer Support

Talk to Veronica

+1 718 514 2762

Purchase Reports From Reputable Market Research Publishers
Targeting the Over-50s with General Insurance

Targeting the Over-50s with General Insurance

  • $ 3450
  • Industry report
  • January 2017
  • by GlobalData

Summary The UK’s over-50s population is growing, which means that the customer segment is a growing opportunity for insurance providers. Those over 50 are often treated and targeted as one segment. ...

Non-Life Insurance Global Industry Almanac 2016

Non-Life Insurance Global Industry Almanac 2016

  • $ 2995
  • Industry report
  • January 2017
  • by MarketLine

Summary Global Non-Life Insurance industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2011-15, and forecast to 2020). The profile ...

Non-Life Insurance Global Industry Guide 2016

Non-Life Insurance Global Industry Guide 2016

  • $ 1495
  • Industry report
  • January 2017
  • by MarketLine

Summary Global Non-Life Insurance industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2011-15, and forecast to 2020). The profile ...


Download Unlimited Documents from Trusted Public Sources

Reinsurance Statistics in Brazil

  • April 2017
    32 pages
  • General Insuran...  

    Insurance  

    Reinsurance  

  • Brazil  

    South America  

View report >

Insurance Industry in India

  • April 2017
    5 pages
  • Insurance  

    General Insuran...  

  • India  

View report >

Insurance Industry in India

  • April 2017
    55 pages
  • Insurance  

    General Insuran...  

    Life Insurance  

  • India  

    Asia  

View report >

ref:plp2016

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.