30 October 2014Actuarial & underwriting

Cayman Islands top spot for healthcare captives

The Cayman Islands is the leading jurisdiction for healthcare captives, with healthcare captives representing 34 percent of all captives domiciled on Cayman.

This is according to the Cayman Islands Monetary Authority which added that as of September 30, 2014, medical malpractice liability continues to be the largest primary line of business with 257 companies. Workers’ compensation is the second largest line of business with 167 companies.

“The fundamentals of the insurance sector remain sound and the industry in general has been relatively resilient in a very challenging market environment,” said CIMA.