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Bermuda Insurance Report Q1 2017

  • November 2016
  • -
  • Business Monitor International
  • -
  • 37 pages

Includes 3 FREE quarterly updates


BMI View:

BMI's outlook for the Bermuda insurance sector remains positive in the Q117 report update. Bermuda has gained a reputation as one of the world's leading offshore insurance markets and the island has developed particular expertise in reinsurance and catastrophe insurance underwriting. A general slowdown in both these markets over the recent quarters restricted the market's expansion, and resulted in a wave of consolidation as providers sought to reduce operating costs. Nevertheless, we are of the opinion that premiums will begin growing at a faster pace through the forecast period to 2020 as an improved regulatory environment and a surge in natural disaster and weather-related events drive business towards Bermuda-based firms.

Key Updates And Forecasts


- We have not adjusted our forecasts for Bermuda's life insurance sector this quarter, as we expect premiums to grow by 3.1% in 2017 to USD65.8bn. Growth will average 4.7% a year annually through the forecast period to 2020 to reach USD77.8bn.

Table Of Contents

Bermuda Insurance Report Q1 2017
BMI Industry View 5
Table: Headline Insurance Forecasts (Bermuda 2013-2020) 5
SWOT 6
Insurance 6
Industry Forecast 8
Life Premiums Forecast 8
Table: Life Premiums (Bermuda 2013-2020) 11
Non-Life Premiums Forecast 11
Table: Non-Life Premiums (Bermuda 2013-2020) 13
Insurance Risk/Reward Index 15
Latin America and the Caribbean Insurance Risk/Reward Index 15
Table: Latin America and the Caribbean Insurance Risk/Reward Index - Q117 16
Market Overview 17
Product Offering 17
Competitive Landscape 17
Table: Bermuda Market Share, USDmn (2008-2014) 20
Company Profile 22
ACE Group/Chubb 22
PartnerRe 25
XL Group 28
Methodology 31
Industry Forecast Methodology 31
Sector-Specific Methodology 32
Risk/Reward Index Methodology 34
Table: Indicators 36
Table: Weighting of Indicators 37

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