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 | 20 |
| 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) | (19) |
| 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 | 721 |
Number of Licensed Insurance Entities
|
30 Jun 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 Excluding SPCs | 556 | 555 | 531 | 504 | 490 | 486 | 486 | 490 | 525 |
| Class B - SPCs Only | 137 | 138 | 139 | 154 | 152 | 148 | 138 | 128 | 149 |
| Class B Total | 693 | 693 | 670 | 658 | 642 | 634 | 624 | 618 | 674 |
|
B (i) |
473 | 471 | 463 | 459 | 453 | 452 | 451 | 457 | 501 |
| B (ii) | 14 | 14 | 13 | 13 | 14 | 14 | 16 | 18 | 20 |
| B (iii) | 206 | 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 | 744 | 743 | 721 |
708
|
695 | 686 | 679 | 672 | 730 |
| Portfolio Insurance Companies | 67 | 60 | 61 | 54 | 46 | 43 | 36 | 27 | 19 |
| Segregated portfolios | 629 | 623 | 576 | 611 | 596 | 580 | 576 | - | - |
| Licensed Insurance Agents | 42 | 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 Q4 2025 (US $ 000)
| Property | Motor | Health | Liability | Marine &
Aviation |
Other |
International Business* |
Life | Grand Total | |
|---|---|---|---|---|---|---|---|---|---|
| Gross Written Premiums | $249,887 | $60,460 | $575,004 | $83,891 | $66,951 | $65,044 | $163,353 | $36,974 | $1,301,564 |
| Assumed Premiums | $25,126 | $335 | $0 | $143,419 | $15,626 | $4,926 | $46,627 | $0 | $236,059 |
| Ceded Premiums | ($235,812) | ($25,608) | ($94,641) | ($7,873) | ($2,774) | ($1,177) | ($122,940) | ($1,922) | ($492,747) |
| Unearned Premium Adjustment | $3,177 | $3,902 | ($51) | $193 | ($13) | $103 | $3,039 | $0 | $10,350 |
| Net Earned Premium | $42,378 | $39,089 | $480,312 | $219,630 | $79,790 | $68,896 | $90,079 | $35,052 | $1,055,226 |
|
Net Claims and Adjustment Expenses Paid Life: Policy Holder Benefits & Dividends |
$4,217 | $18,177 | $422,097 | $126,719 | $56,526 | $22,351 | $48,262 |
$0
$11,991 |
$698,349
$11,991 |
|
Net Change in Reported Outstanding Claims Life: Net Changes to Actuarial Liabilities |
($379) | $1,450 | $449 | $37,687 | ($18,767) | $6,400 | $5 |
$0
$2,521 |
$26,845
$2,521 |
| Change in IBNR | ($340) | $1,108 | $3,692 | ($372) | ($100) | $0 | $80 | $0 | $4,068 |
| Incurred Loss Sub Total | $3,498 | $20,735 | $426,238 | $164,034 | $37,659 | $28,751 | $48,347 | $14,512 | $743,774 |
| Acquisition and General Expenses | ($15,001) | $2,128 | $40,714 | $6,431 | $1,318 | $1,906 | $1,889 | $11,338 | $50,723 |
| Total Underwriting Expenses | ($11,503) | $22,863 | $466,952 | $170,465 | $38,977 | $30,657 | $50,236 | $25,850 | $794,497 |
| Underwriting Income / (Loss) | $53,881 | $16,226 | $13,360 | $49,165 | $40,813 | $38,239 | $39,843 | $9,202 | $260,729 |
*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 Q2 2026
| Risk Location | Licence Count by Risk Location | % Count by Risk Location | Total Premium | Total Assets Value |
|---|---|---|---|---|
| Africa, Asia & Middle East | 9 | 1% | $790,192,143 | $696,587,028 |
| Caribbean & Latin America | 29 | 4% | $731,148,077 | $2,193,403,199 |
| Europe | 6 | 1% | $88,123,548 | $1,103,754,781 |
| North America | 635 | 88% | $55,806,270,278 | $163,008,661,484 |
| Worldwide | 42 | 6% | $3,944,197,378 | $22,627,097,080 |
| Total | 721 | 100% | $61,359,931,424 | $189,629,503,572 |
International Insurance Company by Primary Class of Business Q2 2026
| Business Class | Licensee Count | % of Licensees | Total Premium | Total Asset Value |
|---|---|---|---|---|
| Accident & Health | 11 | 2% | $316,425,938 | $468,560,781 |
| Automobile P.D. & Liability | 45 | 6% | $2,579,082,911 | $6,210,056,249 |
| Credit Life | 9 | 1% | $648,571,216 | $771,249,916 |
| Crime | 1 | 0% | $551,539 | $1,219,826 |
| Deferred Variable Annuities | 7 | 1% | $694,043,136 | $10,520,844,034 |
| General Liability | 105 | 15% | $5,140,172,273 | $12,457,402,443 |
| Healthcare | 29 | 4% | $8,154,774,949 | $4,886,063,214 |
| HPL and Physicians Liability | 26 | 4% | $358,561,735 | $2,180,505,729 |
| Life | 43 | 6% | $21,564,216,261 | $83,787,273,882 |
| Marine and Aviation | 7 | 1% | $32,217,971 | $255,510,169 |
| Medical Malpractice Liability | 131 | 18% | $3,651,561,503 | $15,514,077,540 |
| Products Liability | 7 | 1% | $105,173,656 | $512,196,762 |
| Professional Liability | 60 | 8% | $688,356,489 | $3,013,670,891 |
| Property | 83 | 12% | $8,291,438,157 | $19,018,836,837 |
| Surety Bonds | 8 | 1% | $54,562,144 | $967,879,180 |
| Workers' Compensation | 149 | 21% | $9,080,221,546 | $29,064,156,119 |
| Total | 721 | 100% | $61,359,931,424 | $189,629,503,572 |
International Insurance Company by Category Q2 2026
| Category | Count of Category | % of Category | Total Premium | Total Assets Value |
|---|---|---|---|---|
| Commercial Insurer | 17 | 2% | $31,896,786 | $1,359,803,257 |
| Group Captive | 142 | 20% | $6,749,984,313 | $18,745,224,473 |
| Pure Captive | 293 | 41% | $6,241,502,531 | $25,091,935,225 |
| Reinsurance Companies | 115 | 16% | $39,782,716,253 | $113,093,460,491 |
| Segregated Portfolio Company | 137 | 19% | $7,517,097,113 | $26,516,777,019 |
| Special Purpose Vehicle | 17 | 2% | $1,036,734,428 | $4,822,303,107 |
| Total | 721 | 100% | $61,359,931,424 | $189,629,503,572 |
International Insurance Company by License Class Q2 2026
| License Class | Count of Category | % of License Count | Total Premium | Total Assets Value |
|---|---|---|---|---|
| Class B Insurer | 693 | 96% | $53,437,534,920 | $159,879,247,178 |
| Class C Insurer | 17 | 2% | $1,036,734,428 | $4,822,303,107 |
| Class D Insurer | 11 | 2% | $6,885,662,076 | $24,927,953,287 |
| Grand Total | 721 | 100% | $61,359,931,424 | $189,629,503,572 |
Note: $ figures are in USD
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