Citing Q3 2025 licensing statistics from the Cayman Islands Monetary Authority (CIMA), the Insurance Managers Association of Cayman (IMAC) reported continued growth in the jurisdiction’s international insurance sector, with 32 new international insurance licenses issued so far in 2025.
An additional 19 applications are also currently under review, while a further 5 have been approved in principle.
IMAC noted that, with 42 new licensees recorded in 2024, the latest figures indicate another strong year of growth for the Cayman Islands as one of the world’s leading insurance domiciles.
“With the inclusion of the most recent licensees, there are now 719 Class B, C, and D insurance companies licensed in Cayman, representing approximately $51 billion in premiums written, and $173 billion in total assets,” IMAC added.
Kieran Mehigan, Chair of the Insurance Managers Association of Cayman (IMAC), commented, “Cayman’s international insurance industry continues to show remarkable stability and growth.
“The consistent increase in new licensees reflects continued confidence in the jurisdiction’s regulatory framework, service excellence, and the stability that Cayman offers as a leading global insurance domicile.
“We remain optimistic that this momentum will continue through the remainder of the year.”
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