BMI View: The Bermudan insurance sector is set for significant growth in life insurance premiums whilealso witnessing considerable merger and acquisition activity. While insurance market growth will remain insingle figures following a surge in 2016, premiums will deliver a robust performance. Risk factors remainin the form of Brexit, US President Trump's move towards protectionism against offshore insuranceproducts as well as higher catastrophe costs which insurers are finding less easy to pass on to customers.
Ease of doing business has allowed Bermuda to establish itself as a globalreinsurance centre.
A thriving financial services sector provides the industry with excellent access tocapital as well as opportunities for bancassurance and other synergies.
The country leads the way in alternative risk financing and is an important centre forinsurance-linked securities.