Insurance Statistics and Regulated Entities
This page covers:
There were a total of 864 insurance related licensees under the supervision of the Insurance Supervision Division
(the “Division”) as at 30 September 2016, of which 121 and 743 related to domestic
and international insurance markets respectively. There were 29 insurers
licensed to offer their products in the domestic market, supported by over 90
insurance intermediaries. There were a total of 711 Class “B”, “C” and “D”
insurance companies and 32 Insurance Managers under the supervision of the
Division as at 30 September 2016. Pure captives and group captives
represented the two main categories, with 361 and 125 companies respectively. Approximately 20% of the total Class "B", "C" and "D" insurance companies were formed as segregated portfolio companies, with over 600 segregated portfolios.
The fundamentals of the Cayman
Islands’ insurance sector remain sound and the industry in general has been
resilient in a challenging market environment. The first three quarters of 2016 have been a period of heightened activity in Cayman-domiciled insurer formations with 33 new insurer licences issued as of 30 September. During the quarter ended 30 September 2016, 10 new insurer licences were added to the Cayman Islands' international insurance market. As of 30 September 2016 total premiums were reported at US$13.9 billion and total assets were reported at US$59.0 billion.
The Cayman Islands is the leading
jurisdiction for healthcare captives representing almost half of all captives.
As at 30 September 2016, Medical Malpractice Liability (“MedMal”) continues to be
the largest primary line of business with approximately 34% companies
(re)insuring MedMal, and workers’ compensation the second largest with
approximately 21% companies assuming this risk.
The Cayman Islands international
insurance industry is comprised mainly of companies insuring risks in North
The graph below details the
number of Class “B”, “C” and “D” Licensees by year as of 30 September 2016.
List of Entities
Full List of all Insurance Entities Registered with the Cayman Islands Monetary Authority (updated quarterly)
Number of Licensees Under the Insurance Division (updated annually and quarterly)
Domestic Market Statistics
Domestic Insurance Companies - Contact Details (updated periodically)
Insurance Brokers - Contact Details (updated periodically)
Domestic Insurance Companies - Audited Statistics By Primary Class of Business(updated annually)
Domestic Insurance Companies - Unaudited Statistics By Primary Class of Business (updated quarterly)
Domestic Insurance Companies Lines of Business Trends (updated annually)
Captive Market Statistics
Captive Insurance Managers Listing (updated periodically)
Captive Insurance Company Statistics - Licensing Activity (updated annually)
Captive Insurance Company Statistics By Insurance Manager (updated quarterly)
Captive Insurance Company Statistics By Licence Status (updated quarterly)
Captive Insurance Company Statistics By Risk Location (updated quarterly)
Captive Insurance Company Statistics By Category (updated quarterly)
Captive Insurance Company Statistics By Primary Class of Business (updated quarterly)
New Captive Insurance Licenses Issued During Calendar Year (updated quarterly)