Insurance Law

The Cayman Islands Insurance Act (as revised) is the primary law governing insurance and reinsurance business conducted in or from the Cayman Islands. It is administered and enforced by the Cayman Islands Monetary Authority (CIMA), which licenses insurers, brokers, agents, reinsurers, and insurance managers.

The Cayman Islands’ insurance legislation is often regarded as one of the jurisdiction’s most successful examples of regulatory innovation balancing market development with prudential oversight.