Insurance Statistics Overview

There were a total of 775 insurance licensees under the supervision of the Insurance Supervision Division (the “Division”) as at 30 September, 2019, of which 95 and 680 related to domestic and international insurance markets respectively. There were 26 insurers licensed to offer their products in the domestic market, supported by 69 insurance intermediaries. There were a total of 655 Class “B”, “C” and “D” insurance companies and 25 Insurance Managers under the supervision of the Division as at 30 September, 2019. Pure captives and group captives represented the two main categories, with 289 and 121 companies respectively. Twenty percent (20%) of the total Class “B”, “C”, and “D” insurance companies were formed as segregated portfolio companies, with over 600 segregated portfolios.

The Cayman Islands is the leading jurisdiction for healthcare captives representing almost one-third of all the captives. As at 30 June, 2019, Medical Malpractice Liability (“MedMal”) continues to be the largest primary line of business with approximately 33% companies (re)insuring MedMal, and Worker’s Compensation the second largest with over 21% of companies assuming this risk.

The Cayman Islands international insurance industry is comprised mainly of companies insuring risks in North America (90%).

The graph below details the number of Class “B”, “C” and “D” Licensees by year and as of 30 September, 2019.

List of Entities (updated quarterly)

Full List of All Insurance Entities Registered with the Cayman Islands Q3 2019View

General Statistics (updated annually and quarterly)

Number of Insurance Licences Q3 2019View

Domestic Market Statistics

Domestic Insurance Companies - Lines of Business TrendsView

Domestic Insurance Companies - Restated Audited Statistics by Primary Class of BusinessView

Domestic Insurance Companies - Unaudited Statistics By Primary Class Of Business Q2 2019View

Domestic Insurance Companies - Contact DetailsView

Insurance Brokers Contact ListView

Captive Market Statistics

Captive Insurance Manager ListingView

New Insurance Licences Issued during Q3 2019View

Insurance Company by Primary Class of Business Q3 2019View

Insurance Company by Category Q3 2019View

Insurance Company by Risk Location Q3 2019View

Insurance Company by Licence Name Q3 2019View

Insurance Company Statistics by Insurance Manager Q3 2019View

List of Class B Insurance Companies broken down by sub-category for Q3 2019View

Captive Insurance Company Statistics - Licensing Activity 2018View