1. Market Research
  2. > Financial Services
  3. > Insurance Market Trends

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

  • April 2016
  • 153 pages
  • Timetric
Report ID: 1202974

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
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Property Insurance in Emerging Asia

  • $ 3800
  • Industry report
  • May 2017
  • by Timetric

Synopsis Timetric’s 'Insight Report: Property Insurance in Emerging Asia' analyzes the rapidly growing economies in Emerging Asia, and identifies opportunities in the midst of economic growth and low ...

UK Personal Injury Litigation 2017

  • $ 3495
  • Industry report
  • July 2017
  • by GlobalData

UK Personal Injury Litigation 2017 Summary Personal injury sector continues its turbulent course of market-changing reform, with legislative, legal, and regulatory forces at work. While the market was ...

Non-Life Insurance in the Netherlands, Key Trends and Opportunities to 2020

  • $ 1450
  • Industry report
  • April 2017
  • by Timetric

Synopsis Timetric’s 'Non-Life Insurance in the Netherlands, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Dutch non-life insurance segment, and ...


ref:plp2016

Reportlinker.com © Copyright 2017. All rights reserved.

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