The Bahamian Insurance Industry report - Global Market Shares, Size, Trends, Growth and Forecast Report

on Monday, 15 June 2015
ALBANY, NY, JUNE 2015 -- includes new market research report " The Bahamian Insurance Industry report: Global Market Size, Shares, Growth, Analysis, Governance, Risk and Compliance, Trends And Forecast" to its huge collection of research reports.

'Governance, Risk and Compliance - The Bahamian Insurance Industry' report is the result of extensive research into the insurance regulatory framework in the Bahamas. It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report specifies various requirements for the establishment and operations of insurance and reinsurance companies and intermediaries.

The report brings together research, modeling and analysis expertise, giving insurers access to information on prevailing insurance regulations, recent and upcoming changes in the regulatory framework, taxation and legal system in the country. The report also includes the scope of non-admitted insurance in the country.

  • This report covers details of the insurance regulatory framework in the Bahamas.
  • The report contains details of rules and regulations governing insurance products and insurance entities.
  • The report lists and analyzes key trends and developments pertaining to the Bahamian insurance regulatory framework.
  • The repot analyzes rules and regulations pertaining to the establishment and operation of insurance business in the country.
  • The report provides details of taxation imposed on insurance products and companies.
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Reasons to buy:-
  • Gain insights into the insurance regulatory framework in the Bahamas.
  • Track latest regulatory changes and expected changes impacting the Bahamian insurance industry
  • Gain detailed information about key regulations governing the establishment and operation of insurance entities in the country
  • Understand key regulations and market practices relating to various types of insurance product.
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Key highlights:-
  • The Bahamian insurance industry is governed by the Insurance Commission of the Bahamas (ICB), a quasi-government organization. 
  • Composite insurance is not allowed in the Bahamian insurance industry. 
  • 100% FDI is permitted in the Bahamian insurance industry. 
  • Non-admitted insurance is prohibited by law. However, reinsurers and risks that are not covered by domestic insurers are exceptions. 
  • On July 30, 2014, the ICB issued a notice on premium tax payment and quarterly premium reporting requirements.

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