PwC highlights the increasingly important role that asset-intensive reinsurance (AIR) plays in establishing the Cayman Islands as a key center for capital-efficient, asset-driven reinsurance solutions.
PwC noted that the Cayman Islands has solidified its position as a vibrant reinsurance center, supported by regulatory stability, strong capital markets and a commitment to innovation.
Earlier this year, Cayman Financial, the representative body for the Cayman Islands’ financial services industry, reported significant expansion in the jurisdiction’s reinsurance industry following the release of 2025 insurance statistics from the Cayman Islands Monetary Authority (CIMA).
Based on the latest data from CIMA, Cayman Financial reported that the number of licensed reinsurance companies increased from 58 at the end of 2020 to 113 at the end of 2025, an increase of approximately 95%.
During the same period, the industry’s total premiums grew from $9.3 billion to $30.2 billion. By the end of 2025, total reinsurance assets will reach US$101 billion, an increase of 341% from US$23 billion in 2020.
Against this backdrop of rapid expansion, PwC said AIR will play an increasingly important role as insurers and reinsurers move to more capital-efficient, asset-driven models in an increasingly complex and competitive market.
“AIR’s success will depend on the company’s ability to build advanced capabilities in origination, structuring, pricing and integrated asset liability and capital management, supported by cutting-edge technologies such as artificial intelligence, to enhance returns, manage risk and effectively deploy capital in an increasingly competitive market,” the company explained.
Ric Agrella, partner and insurance leader at PwC Cayman, added: “The Cayman Islands has become an adaptable and forward-thinking global reinsurance centre.
“With the number of reinsurance entities almost doubling in five years, a commitment to innovation, particularly artificial intelligence, has strengthened the market’s resilience.
“PwC is focused on how AI-driven models and automation can unlock new efficiencies, improve risk transfer mechanisms, increase actuarial precision, and enhance sustainability efforts across the industry.”