Bermuda Insurance Industry Forecast to 2019 – Key Market Trens, Research, Shares, Size, and Opportunities

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ResearchMoz added Latest Research Report titled " Bermuda Insurance Industry Forecast to 2019: Worldwide Market Size, Shares, Trends, Growth, Survey and Forecast report " to it's Large Report database.Albany, NY -- (SBWIRE) -- 07/20/2016 -- 'The Insurance Industry in Bermuda, Key Trends and Opportunities to 2019' report provides detailed analysis of the Bermudian insurance industry. It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (20102014) and forecast period (20142019).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Bermudian economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetrics research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

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Summary

Timetrics 'The Insurance Industry in Bermuda, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Bermudian insurance industry, including:

- An overview of Bermudian insurance industry
- The Bermudian insurance industry's growth prospects by segment and category
- A comprehensive overview of the Bermudian economy and demographics
- The detailed competitive landscape in the Bermudian insurance industry
- The various distribution channels in the Bermudian insurance industry
- Detailed regulatory policies of the Bermudian insurance industry
- Analysis of natural hazards in Bermuda

Scope

This report provides a comprehensive analysis of the insurance industry in Bermuda:

- It provides historical values for the Bermudian insurance industry for the reports 20102014 review period, and projected figures for the 20142019 forecast period.

- It offers a detailed analysis of the key segments in the Bermudian insurance industry, with market forecasts to 2019.

- It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, combined ratio, total assets, total investment income and retentions.

- It analyzes the various distribution channels in Bermuda.

- It profiles the top insurance companies in Bermuda and outlines the key regulations affecting them.

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Key Highlights

- On March 24, 2016, Bermuda was retroactively designated as Solvency II-equivalent by the European Commission in the fields of reinsurance and group supervision.

- The principal benefit of Solvency II equivalence is that Bermudas commercial insurers, reinsurers and insurance groups will not be disadvantaged when competing for and underwriting business in Europe. Additionally, being an early adopter of Solvency II has brought certainty to the future status of commercial reinsurers operating from Bermuda.

- Captive insurance and reinsurance business has played an important role in the development of Bermudas insurance industry. According to Marsh, a Global Leader in Insurance Broking and Risk Management, there were around 7,000 captive insurance and reinsurance companies worldwide in 2015, with the US solely accounting for 3,000.

- Insurers are adopting rapidly emerging alternative risk-transfer instruments such as insurance-linked securities (ILS) and collateralized reinsurance, which is challenging to traditional reinsurance.

- The government is planning to increase payroll tax from 5% to 6% during 20162017; this will negatively impact low-income workers.

- Healthcare captives have always been a big business in Bermuda, and currently account for 10% of the captive business in the country.

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