Our comprehensive assessment of the Cayman Islands' operating environment and the outlook for its leading sectors are formed by bringing together a wealth of data on global markets that affect the Cayman Islands, as well as the latest industry developments that could impact the Cayman Islands' industries. This unique integrated approach has given us an impeccable track-record for predicting important shifts in the markets, ensuring you’re aware of the latest market opportunities and risks in the Cayman Islands before your competitors.
Cayman Islands Industry Coverage (2)
Cayman Islands Insurance
BMI View: Ongoing USD strength will adversely affect local currencies in the Caribbean in the near term, and in turn the dollar terms returns of many of the Caribbean insurance sectors covered in this report. Offshore business in the Cayman Islands dwarf the domestic sectors in the region. Health insurance, an underdeveloped line of business, is likely to outperform in many of these markets over the five-year forecast period, especially if government-led schemes take off, such as that recently launched in Suriname.
The insurance markets of the Caribbean, particularly offshore business in the Cayman Islands, but also domestic sectors, are heavily tied to the economic fortunes of the United States and, to a lesser extent, Canada. The ongoing recovery in both major North American markets should boost the fortunes of the region's insurers, driving demand for offshore reinsurance and...
Cayman Islands Tourism
BMI View: Arrivals growth in the Caribbean will increase 4.5% in 2016, reflecting improved visitor numbers from Europe and North America. Puerto Rico, Cuba, Bonaire and Guyana are expecting the highest rate of arrivals growth, but all tourism markets except Belize will experience growth. However, the outbreak of the Zika virus from late 2015 could pose downside risks to 2016 arrivals forecasts.
We currently expect arrivals to the Caribbean to grow by 4.5% in 2016, to 42.3mn, reflecting a slight moderation from growth of 5.2% in 2015. We expect Puerto Rico, Cuba, Bonaire and Guyana to post the highest level of arrivals growth in 2016, at around 5....