International Insurance Company Statistics - Licencing Activity Report
| 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Balance | 418 | 449 | 485 | 497 | 516 | 543 | 600 | 644 | 693 | 733 | 740 | 765 | 777 | 780 | 738 | 739 | 741 | 761 | 760 | 708 | 711 | 696 | 703 | 646 | 652 | 661 | 670 | 683 | 697 | 720 |
| Licences Issued | 50 | 52 | 37 | 45 | 47 | 97 | 83 | 75 | 59 | 56 | 46 | 32 | 40 | 25 | 38 | 53 | 39 | 23 | 22 | 39 | 33 | 33 | 33 | 36 | 37 | 33 | 41 | 42 | 42 | 14 |
| Cancelled | (19) | (16) | (25) | (26) | (20) | (40) | (39) | (26) | (19) | (49) | (21) | (20) | (37) | (67) | (37) | (51) | (19) | (24) | (74) | (36) | (48) | (26) | (90) | (30) | (28) | (24) | (28) | (28) | (19) | (12) |
| Total Licences | 449 | 485 | 497 | 516 | 543 | 600 | 644 | 693 | 733 | 740 | 765 | 777 | 780 | 738 | 739 | 741 | 761 | 760 | 708 | 711 | 696 | 703 | 646 | 652 | 661 | 670 | 683 | 697 | 720 | 722 |
Number of Licensed Insurance Entities
|
31 Mar 2026 |
31 Dec 2025 |
31 Dec 2024 |
31 Dec 2023 |
31 Dec 2022 |
31 Dec 2021 |
31 Dec 2020 |
31 Dec 2019 |
31 Dec 2018 |
|
|---|---|---|---|---|---|---|---|---|---|
| Class A Locally Incorporated | 10 | 10 | 11 | 11 | 9 | 9 | 9 | 9 | 9 |
| Class A Approved External | 13 |
13 |
13 | 14 | 16 | 16 | 18 | 17 | 18 |
| Class A Total | 23 | 23 | 24 | 25 | 25 | 25 | 27 | 26 | 27 |
| Class B Captives Excluding SPCs | 557 | 555 | 531 | 504 | 490 | 486 | 486 | 490 | 525 |
| Class B Captives - SPCs Only | 137 | 138 | 139 | 154 | 152 | 148 | 138 | 128 | 149 |
| Class B Total | 694 | 693 | 670 | 658 | 642 | 634 | 624 | 618 | 674 |
|
B (i) |
471 | 471 | 463 | 459 | 453 | 452 | 451 | 457 | 501 |
| B (ii) | 14 | 14 | 13 | 13 | 14 | 14 | 16 | 18 | 20 |
| B (iii) | 209 | 208 | 194 | 186 | 175 | 168 | 157 | 143 | 153 |
| Class C Total | 17 | 16 | 18 | 17 | 21 | 21 | 23 | 23 | 25 |
| Class D Total | 11 | 11 | 9 | 8 | 7 | 6 | 5 | 5 | 4 |
| Total Insurance Companies | 745 | 743 | 721 |
708
|
695 | 686 | 679 | 672 | 730 |
| Portfolio Insurance Companies | 64 | 60 | 61 | 54 | 46 | 43 | 36 | 27 | 19 |
| Segregated portfolios | 622 | 623 | 576 | 611 | 596 | 580 | 576 | - | - |
| Licensed Insurance Agents | 39 | 39 | 38 | 37 | 37 | 36 | 46 | 45 | 46 |
| Licensed Insurance Brokers | 21 | 22 | 23 | 23 | 23 | 23 | 23 | 23 | 26 |
| Licensed Insurance Managers | 23 | 23 | 22 | 19 | 20 | 21 | 23 | 24 | 26 |
Domestic Insurance Companies Unaudited Statistics Q1 2025 (US $ 000)
| Property | Motor | Health | Liability | Marine &
Aviation |
Other |
International Business* |
Life | Grand Total | |
|---|---|---|---|---|---|---|---|---|---|
| Gross Written Premiums | $56,317 | $26,268 | $141,258 | $15,433 | $15,016 | $16,954 | $24,761 | $8,543 | $304,550 |
| Assumed Premiums | $1,918 | $263 | $0 | $38,850 | $2,844 | $1,235 | $6,260 | $0 | $51,370 |
| Ceded Premiums | ($48,357) | ($16,178) | ($5,752) | ($2,177) | ($728) | ($29) | ($10,865) | ($1,559) | ($85,645) |
| Unearned Premium Adjustment | ($3,756) | ($1,534) | ($126) | $260 | ($40) | $3 | ($9,020) | $0 | ($14,214) |
| Net Earned Premium | $6,122 | $8,819 | $135,379 | $52,367 | $17,092 | $18,163 | $11,135 | $6,984 | $256,062 |
|
Net Claims and Adjustment Expenses Paid Life: Policy Holder Benefits & Dividends |
$1,264 | $10,708 | $111,554 | $35,774 | $7,948 | $2,335 | $15,853 |
$0
($2,818) |
$185,436
($2,818) |
|
Net Change in Reported Outstanding Claims Life: Net Changes to Actuarial Liabilities |
($116) | ($4,902) | $2,611 | $18,864 | $5,954 | ($26,813) | ($76,811) |
$0
($3,993) |
($81,213)
($3,993) |
| Change in IBNR | $66 | $113 | $5,951 | ($7) | $0 | $0 | $0 | $0 | $6,122 |
| Incurred Loss Sub Total | $1,214 | $5,919 | $120,115 | $54,631 | $13,902 | ($24,479) | ($60,958) | ($6,811) | $103,534 |
| Acquisition and General Expenses | ($3,236) | ($2,898) | $10,231 | $1,193 | $202 | $403 | $947 | ($2,308) | $4,534 |
| Total Underwriting Expenses | ($2,022) | $3,021 | $130,347 | $55,824 | $14,104 | ($24,076) | ($60,011) | ($9,119) | $108,068 |
| Underwriting Income / (Loss) | $8,145 | $5,798 | $5,033 | ($3,457) | $2,988 | $42,238 | $71,146 | $16,103 | $147,994 |
*External business written by Class A Insurers.
Domestic Insurance Companies Audited Statistics 2024
| Motor | Property | Liability | Marine & Aviation | Health | International Health | Other |
Total Non-Life |
Total Life & Annuity | Grand Total | |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Written Premiums | $60,736,345 | $390,789,351 | $73,021,323 | $51,329,000 | $530,587,930 | $14,406,943 | $41,073,579 | $1,161,944,471 | $32,784,751 | $1,194,729,222 |
| Assumed Premiums | $0 | $44,815,787 | $137,145,875 | $15,973,000 | $0 | $1,596,125 | ($15,973,000) | $183,557,787 | $0 | $183,557,787 |
| Total Written Premium | $60,736,345 | $435,605,138 | $210,167,198 | $67,302,000 | $530,587,930 | $16,003,068 | $25,100,579 | $1,345,502,258 | $32,784,751 | $1,378,287,009 |
| Reinsurance Ceded | $28,237,066 | $357,611,398 | $8,258,025 | $2,491,000 | $22,063,863 | $0 | ($1,542,832) | $417,118,520 | $6,285,784 | $423,404,304 |
| Unearned Premium Adjustment | $713,688 | ($5,063,829) | $207,044 | $15,971 | ($74,214) | $0 | ($14,968) | ($4,216,308) | $0 | ($4,216,308) |
| Net Earned Premiums | $31,785,591 | $83,057,569 | $201,702,129 | $64,795,029 | $508,598,281 | $16,003,068 | $26,658,379 | $932,600,046 | $26,498,967 | $959,099,013 |
| Commissions Received | $5,866,829 | $61,412,914 | $1,542,384 | $0 | $447,727 | $0 | $145,177 | $69,415,031 | $16,746 | $69,431,777 |
| Total Underwriting Income | $37,652,420 | $144,470,483 | $203,244,513 | $64,795,029 | $509,046,008 | $16,003,068 | $26,803,556 | $1,002,015,077 | $26,515,713 | $1,028,530,790 |
| Net Claims Paid | $16,916,346 | $17,327,276 | $94,311,999 | $5,216,000 | $430,056,743 | $5,908,037 | $103,652,693 | $673,389,094 | $13,954,748 | $687,343,842 |
| Movement in Claim Reserves | ($116,465) | $9,537,434 | $14,731,141 | $23,816,000 | $844,893 | $0 | ($89,529,722) | ($40,716,719) | $7,937,583 | ($32,779,136) |
| Acquisition Costs | $3,028,262 | $47,498,687 | $2,301,227 | $1,924,000 | $29,208,315 | $0 | ($1,837,471) | $82,123,020 | $5,496,025 | $87,619,045 |
| Other Underwriting Expenses | $712,714 | $1,519,098 | $4,772,682 | $0 | $10,438,962 | $102,854 | $3,769,860 | $21,316,170 | $2,002,698 | $23,318,868 |
| Total Underwriting Expenses | $20,540,857 | $75,882,495 | $116,117,049 | $30,956,000 | $470,548,913 | $6,010,891 | $16,055,360 | $736,111,565 | $29,391,054 | $765,502,619 |
| Underwriting Profit / (Loss) | $17,111,563 | $68,587,988 | $87,127,464 | $33,839,029 | $38,497,095 | $9,992,177 | $10,748,196 | $265,903,512 | ($2,875,341) | $263,028,171 |
Domestic Insurance Companies-Audited Statistics By Primary Class Of Business 2012-2022*View
Lines of Business Trend 2012-2022*View
Insurance Company by Risk Location Q1 2026
| Risk Location | Licence Count by Risk Location | % Count by Risk Location | Total Premium | Total Assets Value |
|---|---|---|---|---|
| Africa, Asia & Middle East | 9 | 1% | $633,958,401 | $790,309,828 |
| Caribbean & Latin America | 28 | 4% | $604,492,864 | $2,088,614,650 |
| Europe | 6 | 1% | $91,330,280 | $1,104,534,535 |
| North America | 638 | 88% | $45,190,900,047 | $149,523,705,932 |
| Worldwide | 41 | 6% | $4,777,403,862 | $22,952,955,587 |
| Total | 722 | 100% | $51,298,085,454 | $176,460,120,532 |
International Insurance Company by Primary Class of Business Q1 2026
| Business Class | Licensee Count | % of Licensees | Total Premium | Total Asset Value |
|---|---|---|---|---|
| Accident & Health | 11 | 2% | $338,370,035 | $452,111,544 |
| Automobile P.D. & Liability | 45 | 6% | $2,304,086,494 | $6,037,043,348 |
| Credit Life | 10 | 1% | $646,202,527 | $758,054,913 |
| Crime | 1 | 0% | $551,539 | $33,161,856 |
| Deferred Variable Annuities | 7 | 1% | $451,953,609 | $9,917,618,243 |
| General Liability | 106 | 15% | $5,076,607,351 | $12,728,582,207 |
| Healthcare | 29 | 4% | $8,151,631,662 | $4,858,644,254 |
| HPL and Physicians Liability | 26 | 4% | $380,869,138 | $2,100,499,702 |
| Life | 44 | 6% | $11,883,803,840 | $73,229,866,025 |
| Marine and Aviation | 7 | 1% | $36,476,745 | $261,822,493 |
| Medical Malpractice Liability | 131 | 18% | $3,664,587,523 | $15,487,657,291 |
| Products Liability | 9 | 1% | $108,339,217 | $507,958,210 |
| Professional Liability | 60 | 8% | $652,359,779 | $2,944,604,902 |
| Property | 79 | 11% | $9,042,607,746 | $18,974,646,303 |
| Surety Bonds | 8 | 1% | $54,459,336 | $966,488,622 |
| Workers' Compensation | 149 | 21% | $8,505,178,913 | $27,201,360,619 |
| Total | 722 | 100% | $51,298,085,454 | $176,460,120,532 |
International Insurance Company by Category Q1 2026
| Category | Count of Category | % of Category | Total Premium | Total Assets Value |
|---|---|---|---|---|
| Commercial Insurer | 19 | 3% | $99,779,212 | $1,887,575,256 |
| Group Captive | 142 | 20% | $6,473,048,423 | $18,268,323,066 |
| Pure Captive | 293 | 41% | $6,306,971,501 | $24,856,987,089 |
| Reinsurance Companies | 114 | 16% | $30,150,161,093 | $101,552,045,343 |
| Segregated Portfolio Company | 137 | 19% | $7,231,390,797 | $25,072,886,671 |
| Special Purpose Vehicle | 17 | 2% | $1,036,734,428 | $4,822,303,107 |
| Total | 722 | 100% | $51,298,085,454 | $176,460,120,532 |
International Insurance Company by License Class Q1 2026
| License Class | Count of Category | % of License Count | Total Premium | Total Assets Value |
|---|---|---|---|---|
| Class B Insurer | 694 | 96% | $43,375,688,950 | $150,094,675,558 |
| Class C Insurer | 17 | 2% | $1,036,734,428 | $4,822,303,107 |
| Class D Insurer | 11 | 2% | $6,885,662,076 | $21,543,141,867 |
| Grand Total | 722 | 100% | $51,298,085,454 | $176,460,120,532 |
Note: $ figures are in USD
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