"Aruba, Cayman Islands and Suriname Insurance Report 2016" - Business Monitor International - Industry Reports

"Aruba, Cayman Islands and Suriname Insurance Report 2016"

"Aruba, Cayman Islands and Suriname Insurance Report 2016" - Business Monitor International - Industry Reports
"Aruba, Cayman Islands and Suriname Insurance Report 2016"
Published Mar 05, 2016
62 pages — Published Mar 05, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

BMI View: Ongoing USD strength will adversely affect local currencies in the Caribbean in the near term, and in turn the dollar terms returns of many of the Caribbean insurance sectors covered in this report. Offshore business in the Cayman Islands dwarf the domestic sectors in the region. ...Caribbean non-life markets will remain generally underdeveloped by the end of the forecast period, with motor and property lines of non-life cover accounting for over -- of the sector in Aruba. The leading regional insurers such as Guardian Group, Sagicor Financial Corporation and PALIG (based in Trinidad, Barbados and New Orleans respectively) have all made good progress in the execution of their strategies for profitable growth. Among their various strengths, all three clearly enjoy the benefits of scale and access to global capital and reinsurance markets. This is not necessarily true for a lot of the smaller players with regional footprints, some of whom have been short of capital. A number of the smaller regional insurers have established brands and strong positions in particular territories (including the US Virgin

...Most domestic markets are small by anything but regional standards. Most insurers are small, with the exception of a few dominant players with multi- national operations. ...Most domestic markets are small by anything but regional standards. Consolidation in a number of fragmented markets will improve efficiency and allow for further sharing of expertise across the region. Expansion in niches by offshore insurers/captives. ...Further expansion by the leading regional players through both acquisition and organic growth. Continued growth in the US and Canada will drive economic fortunes in the region, and particularly boost offshore markets.

...Grenadines, St Kitts & Nevis, Grenada, Dominica, Montserrat, the Turks & Caicos Islands and others that are not profiled in this report). However, they are often elements of conglomerates or other corporate groups who do not clearly have a competitive edge in (overwhelmingly non-life) insurance. ...

  
Source:
Document ID
2397-4354
Industry
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. ""Aruba, Cayman Islands and Suriname Insurance Report 2016"" Mar 05, 2016. Alacra Store. Dec 07, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Aruba-Cayman-Islands-and-Suriname-Insurance-Report-2016-2026-1872>
  
APA:
Business Monitor International - Industry Reports. (2016). "Aruba, Cayman Islands and Suriname Insurance Report 2016" Mar 05, 2016. New York, NY: Alacra Store. Retrieved Dec 07, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Aruba-Cayman-Islands-and-Suriname-Insurance-Report-2016-2026-1872>
  
US$ 1,295.00
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