The Insurance Industry in Turks and Caicos Islands, Key Trends and Opportunities to 2017

From: Fast Market Research, Inc.
Published: Thu May 30 2013


The Turks and Caicos Islands insurance industry grew in terms of written premium value recording a CAGR of 10.2% during the review period. The growth was driven by a reduction in claims expenses, an increase in commissions received, a decrease in management expenses, and a favorable regulatory framework. The growth was further supported by the country's business-friendly environment that includes a low tax regime. These indicators are expected to remain positive over the forecast period as well. The government of the Turks and Caicos Islands, in collaboration with the Financial Services Commission (FSC), provided global investors with a well-defined and sophisticated regulatory framework. The FSC is the sole authority for all regulatory aspects of the financial services industry, including the insurance industry.

Key Highlights

* The Turks and Caicos Islands has emerged as one of the major financial services centres globally.
* It is also quickly emerging as a hub for offshore insurance services.
* The introduction of two new tax laws is likely to hamper the profitability of insurance providers over the forecast period.
* The government of the Turks and Caicos Islands, in collaboration with the Financial Services Commission (FSC), provided global investors with a well-defined and sophisticated regulatory framework.
* The Turks and Caicos Islands insurance industry is relatively concentrated.

Full Report Details at
- http://www.fastmr.com/prod/596155_the_insurance_industry_in_turks_and_caicos.aspx?afid=303

Scope

This report provides a comprehensive analysis of the insurance industry in the Turks and Caicos Islands:

* It provides historical values for the Turks and Caicos 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 Turks and Caicos Islands insurance industry, along with industry forecasts until 2017
* It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, combined ratio, total assets, total investment income and retentions
* It profiles the top insurance companies in the Turks and Caicos Islands and outlines the key regulations affecting them

Reasons to Get this Report

* Make strategic business decisions using in depth historic and forecast industry data related to the Turks and Caicos Islands insurance industry and each segment within it
* Assess the competitive dynamics in the Turks and Caicos Islands insurance industry
* Understand the demand-side dynamics, key market trends and growth opportunities within the Turks and Caicos Islands insurance industry
* Identify the growth opportunities and market dynamics within key segments
* Gain insights into key regulations governing the Turks and Caicos Islands insurance industry and its impact on companies and the industry's future

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

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