Cayman Islands

In-depth country-focused analysis on the Cayman Islands' economic, political and operational risk environment, complemented by detailed sector insight

Cayman Islands

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)

Insurance

Cayman Islands Insurance

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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...

Tourism

Cayman Islands Tourism

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BMI View: Arrivals growth in the Caribbean will pick up to 2.5% in 2016, reflecting improved visitor numbers from Europe and North America. The Dominican Republic, St Eustatius and Cuba are expecting the highest rate of arrivals growth, but all tourism markets except St Vincent will experience growth in 2016. 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 2.5% in 2016, to 33.5mn, reflecting an improvement from growth of only 0.7% in 2015. We expect the Dominican Republic, Cuba, St Eustatius and St Lucia to post the highest level of arrivals growth in 2016, at around 6%, but we note the positive sign that all Caribbean countries except St Vincent will experience...

Latest Cayman Islands Articles

  • An unsettled political and economic environment in the wake of the Brexit v...

  • We maintain our above-consensus forecast for the year, with Brent and WTI f...

  • The 2015-2016 El Niño episode had a severe negative impact on agricultural ...

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