The Cayman Islands is a thriving offshore financial centre. More than 93,000 companies were registered in the Cayman Islands as of 2008, including almost 300 banks, 800 insurers and around 10,000 mutual funds. A stock exchange was opened in 1997.
Tourism is also a mainstay of the economy, accounting for about 70% of GDP and 75% of foreign currency earnings. The tourist industry is aimed at the luxury market and caters mainly to visitors from North America. Total tourist arrivals exceeded
The week on Risk.net, December 9–15 2017Receive this by email