PwC has highlighted the growing role of asset-intensive reinsurance (AIR) in shaping the Cayman Islands into a key hub for capital-efficient, asset-driven reinsurance solutions.
Supported by regulatory stability, strong capital markets, and a commitment to innovation, PwC noted that the Cayman Islands has cemented its position as a dynamic reinsurance centre.
Earlier this year, Cayman Finance, the representative body for the Cayman Islands’ financial services industry, reported significant expansion in the jurisdiction’s reinsurance sector following the publication of the 2025 Insurance Statistics by the Cayman Islands Monetary Authority (CIMA).
Drawing on CIMA’s latest data, Cayman Finance 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%.
Over the same period, total premiums written by the sector grew from $9.3 billion to $30.2 billion. Total reinsurance assets reached $101 billion at year-end 2025, up from $23 billion in 2020, representing a 341% increase.
Against this backdrop of rapid expansion, PwC suggested that AIR is set to play an increasingly pivotal role as insurers and reinsurers shift toward more capital-efficient, asset-driven models in an increasingly complex and competitive market.
“Success in AIR will depend on firms’ ability to build advanced capabilities across origination, structuring, pricing, and integrated asset-liability and capital management, supported by cutting-edge technologies such as AI, to drive returns, manage risk, and deploy capital efficiently in an increasingly competitive market,” the firm explained.
Ric Agrella, Partner and Insurance Leader at PwC Cayman, added, “The Cayman Islands has established itself as an adaptive, forward-looking global reinsurance centre.
“With the number of reinsurance entities nearly doubling over five years, the market’s resilience is reinforced by a commitment to embrace innovation, particularly AI.
“PwC is focused on how AI-powered models and automation can unlock new efficiencies, improve risk transfer mechanisms, enhance actuarial precision, and elevate sustainability efforts across the sector.”
