Bermuda Insurance Q3 2018
Bermuda's insurance market is set to grow steadily over the next five years, with both life and non-life segmentscontinuing their recovery from the slump in premiums growth in 2014 and 2015. However, we believe that Brexit and US PresidentTrump's move towards protectionism against offshore insurance products may hinder the long-term attractiveness of Bermuda'sinsurance market. Insurers are further challenged by increasing catastrophe costs, which are becoming difficult to pass on tocustomers. At this moment, the insurance market is expected to grow slowly at an average of 2.5% a year, with the marketdominated by the non-life sector.
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