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Barbados Insurance Report Q2 2016

  • April 2016
  • -
  • Business Monitor International
  • -
  • 40 pages

Includes 3 FREE quarterly updates

Key Updates & Forecasts

- We are expecting the total insurance industry in Barbados to grow by 4.2% in 2016, with total grossunderwritten premiums reaching USD300mn.

- The Life insurance sector will post growth of 16.4% in 2016, with premiums reaching USD98mn, afigure we expect to exceed USD163mn by end of 2020.

- Non-life premiums will post another year of contraction in 2016, driven by maturity in the propertymarket. Non-life premiums will grow by an average annual rate of only 1.2% between 2016-2020,reaching USD215mn by end of our forecast period.

Table Of Contents

Barbados Insurance Report Q2 2016
BMI Industry View 5
Table: Headline Insurance Forecasts (Barbados 2013-2020) 5
SWOT 6
Industry Forecast 8
Life Premiums Forecast 8
Table: Life Premiums (Barbados 2013-2020) 11
Table: Life Insurance Claims (Barbados 2008-2015) 11
Non-Life Premiums Forecast 12
Table: Non-Life Premiums (Barbados 2013-2020) 15
Table: Non-Life Insurance Claims (Barbados 2009-2015) 15
Non-Life Sub-Sector Forecast 16
Table: Non-Life Insurance Premiums by Product Line (Barbados 2013-2020) 20
Industry Risk Reward Ratings 22
Latin America Insurance Risk/Reward Index 22
Table: Latin America and the Caribbean Insurance Risk/Reward Index - Q216 23
Market Overview 24
Life Market Overview 24
The Product Offering 24
Competitive Landscape 24
Non-Life Market Overview 25
The Product Offering 25
Competitive Landscape 25
Company Profile 28
Insurance Corporation of Barbados (ICBL) 28
Scotia Insurance Caribbean 30
Sagicor 32
Methodology 34
Industry Forecast Methodology 34
Risk/Reward Index Methodology 37
Table: Indicators 39
Table: Weighting of Indicators 40

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