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Bermuda Insurance Report |
Was: $1030.00 | |
| Now: $875.00 | ||
| You save: $155.00 (15%) |
The Bermuda Insurance Report
- Independent 5-year insurance industry forecast for Bermuda.
- Original insurance market research and insurance sector trend analysis for Bermuda’s insurance industry.
- Competitive intelligence, regional insurance company rankings and SWOT analyses on international and domestic insurance companies in Bermuda.
The Bermuda Insurance Report has been researched at source and features latest available data for annual insurance premiums and claims; assets and investments; 5-year insurance industry forecasts for Bermuda through end-; insurance company rankings and competitive landscapes for local insurers and multinational insurance subsidiaries in Bermuda; and analysis of the latest insurance industry developments, trends and regulatory changes in Bermuda.
Business Monitor International's Bermuda Insurance Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Bermudan insurance industry.
Coverage
Bermuda Insurance Sector At A Glance
Key insights into the insurance market, covering industry trends, key players and the regulatory environment, plus snapshots of life and non-life premium values in local currency and US$.
Evolution of the Bermudan Insurance Market
Analysis of recent developments in the local insurance market, including data on life and non-life premium values, density and penetration, dating from 1998.
BMI 5-Year Industry Forecasts for Bermuda
Analysis of market growth drivers, including 5-year projections (to end-) for premium values. Forecasts section also includes BMI risk ratings on local economy, politics and business environment. Industry indicators covered include:
Number of life and non-life insurance companies; total and per capita Property/Casualty premiums and claims; total and per capita Life/Health premiums and claims; total premium income; total claims/expenses; total operating expenses; total assets and investments; industry density (per capita premiums) and penetration (premiums as a portion of GDP)
BMI 5-Year Macroeconomic Forecast for Bermuda
BMI forecasts for all headline macroeconomic indicators, including real GDP growth, inflation, fiscal balance, trade balance, current account and external debt.
Insurance Company Rankings in Bermuda
Comparative company analyses and rankings by premium income (life and non-life).
Insurance Industry Competitive Landscape in Caribbean
A cross-border overview of key players and their market share across the region. Tables and graphs show country presence of multinationals throughout the region.
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Bermuda Insurance Report |
Was: $1030.00 | |
| Now: $875.00 | ||
| You save: $155.00 (15%) |
Chapter - The Sector At A Glance |
| Table: Bermuda's Insurance Sector At A Glance |
| Key Insights On The Insurance Sector Of Bermuda |
| Insurance Industry SWOT |
| Latest News |
| Comment – The Global Financial Crisis |
| Table: Selected European Countries' Estimated Budget And Current Account, 2008 (as % of GDP) |
| Other Recent Developments |
| Table: Insurance Data And Projections, 2005-2013 |
| Projections And Drivers Of Growth |
| Table: Growth Drivers, 2006-2013 |
Chapter - Macroeconomic Outlook |
| Table: Bermuda: Historical Data And Forecasts |
Chapter - Analysis Of Competitive Conditions |
| Country Overview – Bermuda |
| Bermuda's Insurance Sector At A Glance, 2006 (US$bn unless otherwise stated)Money figures in US$bn) |
| Table: The Association of Bermuda Insurers & Reinsurers (ABIR) |
| Table: Financial Results For Selected Insurance Entities, Nine Months To September 20 2007 (US$mn) |
| Table: Premiums Written By Members Of ABIR Not Mentioned Above, H107 (US$mn) |
| Bermuda's Insurance Sector: Who Does What? Traditional Lines |
Chapter - Company Profiles |
| AEGON |
| Company Analysis |
| Company Details |
| Regional Operations |
| AGF |
| Company Analysis |
| Company Details |
| Regional Operations |
| AIG |
| Company Analysis |
| Company Details |
| Allianz |
| Company Analysis |
| Company Details |
| AXA |
| Cardif |
| CNP |
| Generali |
| HDI-Gerling |
| HSBC Insurance |
| ING |
| Liberty Mutual |
| MAPFRE |
| MetLife |
| New York Life |
| Prudential Financial |
| QBE |
| RSA |
| The Hartford |
| The Principal |
| Zurich |
Chapter - Methodology |
| Basis Of Projections |
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Bermuda Insurance Report |
Was: $1030.00 | |
| Now: $875.00 | ||
| You save: $155.00 (15%) |
According to the 2007 Annual Report of the Bermuda Monetary Authority, total premiums in 2006 amounted to BMD115.783mn. Of this, BMD 27,467mn was generated by Long-Term Insurers writing long-term or life business. The remaining premiums were written by Class 1 insurers (single-parent pure captives), Class 2 insurers (multi-owner pure captives and captives – whether single- or multi-owner – deriving up to 20% of premiums from unrelated risks), Class 3 insurers (basically insurers and reinsurers deriving all their business from unrelated risks, and captives deriving over 20% of premiums from unrelated risks – including Rent-A-Captives) and Class 4 insurers (insurers and reinsurers capitalised at at least BMD100mn and underwriting excess liability and/or property catastrophe reinsurance risks). According to Swiss Re's sigma research, gross non-life premiums rose by 8.1% in calendar 2006.
Bermuda Re-insurance magazine commented on a Standard & Poors (S&P) ratings review of Bermuda’s leading reinsurers. It offered this assessment ‘The first nine months of 2008 combined a sharply increased level of insured losses over 2007, the sharp decline in equity values that ran right into the September month-end, and significant impairment in the value of investments in the equities and paper of the failed and failing investment banks and other financial institutions. As a result, many of the Bermuda re-insurers will report an underwriting and a net loss for the third quarter, but not at a rate likely to turn the full year into a loss position – barring a systemic fourth-quarter collapse or a major earthquake.’ Of course, there was in fact a worldwide fourth quarter collapse in stock market prices.
The key feature of Bermuda is a combination of strengths – the lack of income tax, the first class regulatory regime, the proximity to North America and the development of a sufficiently large community of people with the requisite skills etc. – to give it a position that appears unassailable. Not for nothing does Bermuda account for 40% of US property catastrophe coverage (among much else) and service well over 1,000 captive insurers. (The actual number of captives is difficult to define because many of these insurers are cell companies that service several different clients simultaneously through Rent-A-Captive programmes.)
The main problem that the sector faces is a potential lack of suitably skilled personnel. This is true for the (often highly specialised) captive insurance firms as well as the major (re)insurers.
|
Bermuda Insurance Report |
Was: $1030.00 | |
| Now: $875.00 | ||
| You save: $155.00 (15%) |
Africa |
| Algeria, Egypt, Libya, Morocco, Nigeria, South Africa and Tunisia |
Asia |
| Australia, China, Hong Kong, India, Indonesia, Malaysia, Pakistan, Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam |
Caribbean |
| Bahamas, Barbados, Dominican Republic, Jamaica and Trinidad & Tobago |
Europe |
| Bulgaria, Croatia, Czech Republic, Estonia, Germany, Greece, Hungary, Kazakhstan, Latvia, Lithuania, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Ukraine and United Kingdom |
Latin America |
| Argentina, Brazil and Mexico |
Middle East |
| Bahrain, Iran, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Turkey and United Arab Emirates |
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