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Bahamas Insurance Report Q1 2018

Bahamas Insurance Report Q1 2018

BMI View: We have a positive long-term outlook for both major insurance segments in the Bahamas. Although both markets offer promising investment prospects as indicated by their growth rates and levels of insurance density and penetration, the non-life market in particular is subject to several challenges. Most notably, the country's geographical location makes it especially vulnerable to hurricanes, which pose an ongoing and important threat to profits. Most recently, Hurricanes Irma and Harvey caused significant insured losses, which will likely translate to considerable claims. We note that there is relatively little room for expansion within the property sub-segment and instead foresee considerable growth potential in the motor vehicle sub-segment.


BMI Industry View
Table: Headline Insurance Forecasts (Bahamas 2014-2021)
SWOT
Insurance
Industry Forecast
Life Premiums Forecast
Table: Life Premiums (Bahamas 2014-2021)
Table: Life Claims (Bahamas 2010-2016)
Non-Life Premiums Forecast
Table: Non-Life Premiums (Bahamas 2014-2021)
Table: Non-Life Claims (Bahamas 2010-2016)
Non-Life Sub-Sector Forecast
Table: Non-Life Insurance Premiums by Product Line (Bahamas 2014-2021)
Insurance Risk/Reward Index
Latin America And The Caribbean Insurance Risk/Reward Index
Table: Latin America And The Caribbean Insurance Risk/Reward Index, Q1 2018
Market Overview
Life Market Overview
Product Offering
Competitive Landscape
Table: Bahamas Life Insurance Market Shares (USDmn), 2010-2015
Non-Life Market Overview
Product Offering
Competitive Landscape
Table: Bahamas Non-Life Insurance Market Shares (USDmn), 2009-2015
Company Profile
Bahamas First General Insurance
Colina
FamGuard
Methodology
Industry Forecast Methodology
Sector-Specific Methodology
Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

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