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Insurance Statistics and Regulated Entities

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 Overview

 

There were a total of 865 insurance licensees under the supervision of the Insurance Supervision Division (the “Division”) as at 31 March 2016, of which 120 and 745 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 713 Class “B”, “C” and “D” insurance companies and 32 Insurance Managers under the supervision of the Division as at 31 March 2016. Pure captives and Segregated Portfolio Companies represent the two main categories, with 368 and 142 companies respectively.

 

The fundamentals of the Cayman Islands’ insurance sector remain sound and the industry in general has been relatively resilient in a very challenging market environment. In the first quarter of 2016, 13 new insurer licences were added to Cayman Islands’ insurance sector. As of 31 March 2016, the Cayman Islands’ international insurance market reported total premiums in excess of US$12 billion and total assets in excess of US$59.0 billion.

 

The Cayman Islands is the leading jurisdiction for healthcare captives representing almost half of all captives. As at 31 March 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 America (90%).

 

The graph below details the number of Class “B”, “C” and “D” Licensees by year as of 31 December 2015. 

 

  

List of Entities

Full List of all Insurance Entities Registered with the Cayman Islands Monetary Authority (updated quarterly)

General Statistics

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)

 
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Cayman Islands Monetary Authority
PO Box 10052
80e Shedden Road
Elizabethan Square
Grand Cayman  KY1-1001
CAYMAN ISLANDS