“Governance, Risk and Compliance - The Cayman Islands Insurance Industry”

• The Cayman Islands insurance industry is regulated by the Cayman Islands Monetary Authority.
• Composite insurance is permitted in Cayman Islands.
• Non-admitted insurance is not permitted in the Cayman Islands insurance industry.
• 100% FDI is permitted in the Cayman Islands insurance industry.
• Since June 2013, an additional stamp duty was introduced on property insurance premium at a rate of 2%, in addition to the existing rate of KYD12.0 (US$14.4) per policy.

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