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Aruba, Cayman Islands and Suriname Insurance Report 2016

Aruba, Cayman Islands and Suriname Insurance Report 2016

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.


BMI Industry View
SWOT
Insurance
Aruba Industry Forecast
Life Premiums Forecast
Table: Life Premiums (Aruba 2013-2020)
Table: Life Insurance Claims (Aruba 2008-2013)
Non-Life Premiums Forecast
Table: Non-Life Premiums (Aruba 2013-2020)
Table: Non-Life Insurance Claims (Aruba 2009-2013)
Non-Life Sub-Sector Forecast
Table: Non-Life Insurance Premiums By Product Line (Aruba 2013-2020)
Cayman Islands Industry Forecast
Life Premiums Forecast
Table: Life Premiums (Cayman Islands 2013-2020)
Non-Life Premiums Forecast
Table: Non-Life Premiums (Cayman Islands 2013-2020)
Non-Life Sub-Sector Forecast
Table: Non-Life Insurance Premiums By Product Line (Cayman Islands 2013-2020)
Suriname Industry Forecast
Life Premiums Forecast
Table: Life Premiums (Suriname 2013-2020)
Table: Life Insurance Claims (Suriname 2008-2012)
Non-Life Premiums Forecast
Table: Non-Life Premiums (Suriname 2013-2020)
Table: Non-Life Insurance Claims (Suriname 2009-2012)
Industry Risk Reward Ratings
Latin America Insurance Risk/Reward Index
Table: Latin America and the Caribbean Insurance Risk/Reward Index - Q216
Market Overview
Aruba - Life Market Overview
Aruba - Non-Life Market Overview
Cayman Islands - Life Market Overview
Cayman Islands - Non-Life Market Overview
Suriname - Life Market Overview
Suriname - Non-Life Market Overview
Methodology
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

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