Free Submission Public Relations & NewsPR-inside.com
Home
Deutsch English

Finance
The Insurance Industry in the Bahamas, Key Trends and Opportunities to 2017

Bahamas insurance market: 8.5% penetration in 2012


Print article Print article
© companiesandmarkets.com

companiesandmarkets.com
companiesandmarkets.com
2014-02-18 05:21:02 - The Insurance Industry in the Bahamas, Key Trends and Opportunities to 2017 - a new market research report on companiesandmarkets.com

The Bahamas is ranked fourth amongst the leading offshore financial centers (OFC) in the world. According to the IMF, the Bahamian financial sector accounted for 12% of total foreign bank assets held at global offshore financial centers at the end of March 2012. The large financial sector has benefited the insurance industry in the country, which is well-developed with a high penetration rate of 8.5% in 2012.

The industry is very competitive, with 24 domestic (including both-life and non-life insurers) and 15 foreign insurers (including captive insurers). The Insurance Commission of the Bahamas (ICB) is the regulator of the industry. The Bahamian economy, which is highly dependent on financial and tourism sectors, was impacted by the global financial crisis, leading to

 

 

a stagnation of growth for the insurance industry.

Key Highlights

• The large financial sector has benefited the insurance industry in the country, which is well-developed with a high penetration rate of 8.5% in 2012
• In 2009, a new regulatory body, the Insurance Commission of the Bahamas (ICB) was established and new legislation was enacted to increase supervision of the industry
• The Bahamian economy, which is highly dependent on financial and tourism sectors, was impacted by the global financial crisis, leading to a stagnation of growth for the insurance industry
• The Bahamian insurance industry is dominated by non-life insurance
• The industry is witnessing an increase in competition as companies offer huge discounts on premiums

Report 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 reports 2008–2012 review period and forecast figures for the 2012–2017 forecast period
• It offers a detailed analysis of the key segments and categories in the Bahamian insurance industry, along with industry forecasts until 2017
• It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions
• It profiles the top insurance companies in Bahamas and outlines the key regulations affecting them

Reasons to Buy

• Make strategic business decisions using in depth historic and forecast industry data related to the Bahamian insurance industry and each segment within it
• Assess the competitive dynamics in the Bahamian insurance industry
• Understand the demand-side dynamics, key market trends and growth opportunities within the Bahamian insurance industry
• Identify the growth opportunities and market dynamics within key segments
• Gain insights into key regulations governing the Bahamian insurance industry and its impact on companies and the industrys future

Click for report details: www.companiesandmarkets.com/Market/Finance-and-Banking/Market-Re ..

Browse all Finance and Banking Market Research Reports www.companiesandmarkets.com/Market/Finance-and-Banking/Market-Re ..

Browse all Finance and Banking Company Profile Reports www.companiesandmarkets.com/Market/Finance-and-Banking/Company-P ..

Browse all Latest Market Research Reports www.companiesandmarkets.com/Market/All/Market-Research?aCode=f3f ..

About Us
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.com’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.


Author:
Mike King
e-mail
Web: www.companiesandmarkets.com
Phone: London: +44 (0) 203 086 8600

Disclaimer: If you have any questions regarding information in these press releases please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims contents contained in this release.
Latest News
Read the Latest News
www.newsenvoy.com

 


Terms & Conditions | Privacy | About us | Contact PR-inside.com