The Insurance Industry in Bermuda, Key Trends and Opportunities to 2018

Date: 2015-09

Despite continued low investment yields and moderate economic growth in Europe and the US, Bermudaโ€™s insurance industry continued to thrive in 2013. Gross written premium increased at a rate of 7.4% from 2009 to 2013. The growth was primarily driven by low losses from catastrophes and proper reserve development in 2012. As a result, leading industry participants recorded a significant improvement in combined ratio, depicting strong underwriting performance which in turn supported their risk-adjusted capitalization.

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