Albany, NY -- (SBWire) -- 04/17/2013 --The report provides in depth market analysis, information and insights into the insurance industry in the British Virgin Islands, including:
The British Virgin Islands insurance industry’s growth prospects by insurance segments and categories
The competitive landscape in the British Virgin Islands insurance industry
The current trends and drivers of the British Virgin Islands insurance industry
The challenges facing the British Virgin Islands insurance industry
The regulatory framework of the British Virgin Islands insurance industry
Summary
Traditionally, the British Virgin Islands (BVI) insurance industry has been a popular captive insurance hub. The share of captive insurance companies accounted for 85% of the total insurance industry during the review period. Indeed, the market share of captive insurance companies declined from 88.8% in 2008 to 86% in 2011, as a result of a decrease in the number of captive insurance companies active in the territory. By the end of the third-quarter of 2012, the BVI had 156 captive insurers and 34 domestic insurers.
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Scope
This report provides a comprehensive analysis of the insurance industry in the British Virgin Islands:
It provides historical values for the British Virgin Islands insurance industry for the report’s 2008–2012 review period and forecast figures for the 2012–2017 forecast period
It offers a detailed analysis of the key segments and categories in the British Virgin Islands insurance industry, along with industry forecasts until 2017
It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions
It profiles the top insurance companies in British Virgin Islands and outlines the key regulations affecting them
Reasons To Buy
Make strategic business decisions using in depth historic and forecast industry data related to the British Virgin Islands insurance industry and each segment within it
Assess the competitive dynamics in the British Virgin Islands insurance industry
Understand the demand-side dynamics, key market trends and growth opportunities within the British Virgin Islands insurance industry
Identify the growth opportunities and market dynamics within key segments
Gain insights into key regulations governing the British Virgin Islands insurance industry and its impact on companies and the industry's future
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Key Highlights
The volume of captive insurance companies licensed to conduct business declined from 2,000 companies in the 1990s to 156 companies in 2012
The industry is highly competitive, with the presence of 156 captive insurers and 34 domestic insurers in 2012
The BVI is one of the most popular domiciles for captive insurance companies in the world and the government took a number of measures during the 1990s to promote the territory as a beneficial domicile for captive insurance companies
In terms of gross written premiums, domestic life insurers held a market share of 5.4% in 2011. The non-life insurance segment accounted for a share of 6.3% and the personal accident and health insurance segment had a market share of 52%
Favorable tax rates are encouraging more companies to enter the country’s insurance industry. Many captives are incorporated under the provisions of the International Business Companies Act, or the BVI Business Companies Act, which exempts them from paying income tax
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This report provides a comprehensive analysis of the insurance industry in Guernsey:
It provides historical values for Guernsey’s insurance industry for the report’s 2008–2012 review period and forecast figures for the 2012–2017 forecast period
It offers a detailed analysis of the key segments and categories in Guernsey’s insurance industry, along with industry forecasts until 2017
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Reasons To Buy
Make strategic business decisions using in depth historic and forecast industry data related to Guernsey’s insurance industry and each segment within it
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Gain insights into key regulations governing Guernsey’s insurance industry and its impact on companies and the industry's future
The Insurance Industry in the Solomon Islands, Key Trends and Opportunities to 2017: http://www.marketresearchreports.biz/analysis/166528
The report provides in depth market analysis, information and insights into the insurance industry in the Solomon Islands, including:
The Solomon Islands insurance industry’s growth prospects by insurance segments and categories
The competitive landscape in the Solomon Islands insurance industry
The current trends and drivers of the Solomon Islands insurance industry
The challenges facing the Solomon Islands insurance industry
The regulatory framework of the Solomon Islands insurance industry
Summary
Driven by robust economic development and increased demand for non-life insurance, the Solomon Islands insurance industry registered positive growth during the review period. The industry grew in terms of written premium value from SBD37.7 million (US$5.4 million) in 2008 to SBD65.8 million (US$9.7 million) in 2012, recording a CAGR of 15.0% during the review period. Industry growth was supported by the significant growth registered in the personal accident and health insurance segment, which recorded the fastest CAGR of 16.6% from 2008–2012.
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