Bahamas

The country profile below provides information on population, gross domestic product, insurance premiums and leading insurers.

Insurance Association

Bahamas General Insurance Association
Web: www.bahamasinsurance.org

POPULATION, 2011-2014 (1)

Year Population
2011 313,312
2012 316,182
2013 319,031
2014 321,834

(1) Estimated.

Source: U.S. Central Intelligence Agency.

 

 

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Year GDP
2009 $9.2
2010 9.1
2011 8.9
2012 10.8
2013 11.4

(1) Based on Purchasing Power Parity calculations, which take into account the relative cost of living and inflation rates of countries. GDP estimate for July for each year shown.

Source: U.S. Central Intelligence Agency.

 

 

LIFE AND NONLIFE INSURANCE PREMIUMS, 2013

(U.S. $ millions)

  Direct premiums written
Nonlife premiums (1) $539
Life premiums 154
Total premiums $693
Percent of total world premiums 0.01%

(1) Includes accident and health insurance.

Source: Swiss Re, sigma, No. 3/2014.

View Archived Tables

 

 

LEADING NONLIFE INSURANCE COMPANIES, 2012

  Gross written premiums
Company USD Mn
Bahamas First General 103.9
RoyalStar Assurance  64.9
Insurance Company of The Bahamas  43.3
Summit  35.6
Security and General  25.4
ICWI Bahamas  3.0

Source: Axco Insurance Information Services.

 

 

LEADING LIFE INSURANCE COMPANIES, 2008

  Gross written premiums
Company USD Mn
Colina Imperial 147.4
Family Guardian 73.3
Atlantic Medical 67.5
British American 19.4
Generali Worldwide 17.5
Capital Life 6.6
Metlife 6.5
Laurentide 5.0
Sirius 2.0
Sagicor 0.8

Source: Axco Insurance Information Services.