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, 2011-2015 (1)

Year Population
2011 313,312
2012 316,182
2013 319,031
2014 321,834
2015 324,597

(1) Estimated.

Source: U.S. Central Intelligence Agency.

 

 

Gross Domestic Product, 2011-2015 (1)

(U.S. $ billions)

Year GDP
2011 $8.9
2012 10.8
2013 11.4
2014 9.0
2015 9.2

(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.

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Life And Nonlife Insurance Premiums, 2014

(U.S. $ millions)

  Direct premiums written
Nonlife premiums (1) $563
Life premiums 161
Total premiums $724
Percent of total world premiums 0.02%

(1) Includes accident and health insurance.

Source: Swiss Re, sigma, No. 4/2015.

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Leading Nonlife Insurance Companies, 2013

  Gross written premiums
Company BSD Mn USD Mn
Bahamas First General 107.0 107.0
RoyalStar Assurance  67.2 67.2
Insurance Company of The Bahamas  44.5 44.5
Summit  34.8 34.8
Security and General  23.7 23.7
ICWI Bahamas  2.7 2.7
NAGICO  2.2 2.2

Source: Axco Insurance Information Services.

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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.