Bahamas Insurance Report - Business Monitor International - Industry Reports

Bahamas Insurance Report

Bahamas Insurance Report - Business Monitor International - Industry Reports
Bahamas Insurance Report
Published Aug 20, 2016
46 pages — Published Aug 20, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

< ALACRA META ABSTRACT>BMI View: We extend our generally favourable outlook for the Bahamas insurance sector overall in our latest quarterly report update. The non-life sector is poised to outperform the mature stable yet mature life sector. ...Furthermore, rising incomes, growing household spending powers and increasing private consumption levels will support relatively stronger non- life subsector growth. The primary drivers on non-life growth will be motor vehicle insurance, growing at an average rate of -.- y-o-y out to ----.The property market, constituting well over half the non-life market will begin to stagnate due to maturity reasons. However, growth in the life and non-life sectors will be capitalized upon by the local companies that dominate the competitive landscape. ...In the life segment, despite a fall in premium revenues in ---- - to BHD---.--mn, from BHD---.-mn in ---- - Colina registered an increase in net income, which reached BHD--.--mn, up from BHD--.--mn. This divergence intensified in Q---, with net income reaching BHD-.--mn, up from BHD-.--mn in the same period of ----, despite premium revenues falling considerably, from BHD--.--mn, to BHD--.--mn, according to unaudited results.

...We are forecasting the Bahamas insurance segment as a whole to post an annual growth rate of -.- in ----, with premiums hovering around the USD---mn mark. The strongest growth will come from the non-life segment, which is poised to grow by an estimated -.- , with premiums topping USD---mn. The motor vehicle insurance line will be the outperformer as it is set to grow by over --.- , with premiums exceeding USD--.-mn in ----. The larger property insurance line, which constitutes around two-thirds of non-life premiums, will begin to show signs of market maturity as growth rates will fall over the course of our forecast period. The non-life segment density is currently at USD--- per capita in ----, a number forecast to exceed USD-,--- by ----. ...The non-life segment density is currently at USD--- per capita in ----, a number forecast to exceed USD-,--- by ----. We are not expecting strong growth from the life insurance segment, as a high density of around

...Household spending power in the Bahamas will stage a modest return to growth after public sector wage freezes contained domestic spending power. Although tourism has begun to rebound recently due to the strengthening of the US economy and the dollar, government spending cuts have constrained employment in the non-tourism sectors. ...

  
Source:
Document ID
2397-4303
Country
Industry
Format:
PDF Adobe Acrobat
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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. "Bahamas Insurance Report" Aug 20, 2016. Alacra Store. Dec 07, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Bahamas-Insurance-Report-2026-1925>
  
APA:
Business Monitor International - Industry Reports. (2016). Bahamas Insurance Report Aug 20, 2016. New York, NY: Alacra Store. Retrieved Dec 07, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Bahamas-Insurance-Report-2026-1925>
  
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