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Aruba, Cayman Islands and Suriname Insurance Report 2016

  • March 2016
  • -
  • Business Monitor International
  • -
  • 62 pages

Includes 3 FREE quarterly updates

BMI View: Ongoing USD strength will adversely affect local currencies in the Caribbean in the near term,and in turn the dollar terms returns of many of the Caribbean insurance sectors covered in this report.Offshore business in the Cayman Islands dwarf the domestic sectors in the region. Health insurance, anunderdeveloped line of business, is likely to outperform in many of these markets over the five-year forecastperiod, especially if government-led schemes take off, such as that recently launched in Suriname.The insurance markets of the Caribbean, particularly offshore business in the Cayman Islands, but alsodomestic sectors, are heavily tied to the economic fortunes of the United States and, to a lesser extent,Canada. The ongoing recovery in both major North American markets should boost the fortunes of theregion's insurers, driving demand for offshore reinsurance and captives, as well as boosting domesticeconomies. On the whole, regulation is sound, but largely untested given a lack of sophistication in mostsectors.

Table Of Contents

Aruba, Cayman Islands and Suriname Insurance Report 2016
BMI Industry View 7
SWOT 9
Insurance 9
Aruba Industry Forecast 11
Life Premiums Forecast 11
Table: Life Premiums (Aruba 2013-2020) 13
Table: Life Insurance Claims (Aruba 2008-2013) 14
Non-Life Premiums Forecast 15
Table: Non-Life Premiums (Aruba 2013-2020) 18
Table: Non-Life Insurance Claims (Aruba 2009-2013) 18
Non-Life Sub-Sector Forecast 19
Table: Non-Life Insurance Premiums By Product Line (Aruba 2013-2020) 24
Cayman Islands Industry Forecast 26
Life Premiums Forecast 26
Table: Life Premiums (Cayman Islands 2013-2020) 28
Non-Life Premiums Forecast 28
Table: Non-Life Premiums (Cayman Islands 2013-2020) 30
Non-Life Sub-Sector Forecast 31
Table: Non-Life Insurance Premiums By Product Line (Cayman Islands 2013-2020) 38
Suriname Industry Forecast 39
Life Premiums Forecast 39
Table: Life Premiums (Suriname 2013-2020) 41
Table: Life Insurance Claims (Suriname 2008-2012) 42
Non-Life Premiums Forecast 43
Table: Non-Life Premiums (Suriname 2013-2020) 45
Table: Non-Life Insurance Claims (Suriname 2009-2012) 45
Industry Risk Reward Ratings 46
Latin America Insurance Risk/Reward Index 46
Table: Latin America and the Caribbean Insurance Risk/Reward Index - Q216 47
Market Overview 48
Aruba - Life Market Overview 48
Aruba - Non-Life Market Overview 49
Cayman Islands - Life Market Overview 50
Cayman Islands - Non-Life Market Overview 51
Suriname - Life Market Overview 53
Suriname - Non-Life Market Overview 54
Methodology 56
Industry Forecast Methodology 56
Risk/Reward Index Methodology 59
Table: Indicators 61
Table: Weighting of Indicators 62

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