insurance statistics 2019 - monetary authority of singapore
TRANSCRIPT
INSURANCE DEVELOPMENT DATA 2000 2010 2016 2017 2018 2019
Total Industry Assets* ($m) 45,409.8 149,335.3 225,060.3 254,625.4 272,006.8 347,310.0
Insurance Development :
Per Capita Expenditure ($)
- Life Insurance 2,615.5 3,791.5 5,777.2 7,059.1 7,904.0 7,787.9
- General Insurance 521.0 856.5 1,009.7 997.6 1,022.0 1,081.7
As % of GDP
- Domestic Life Sums Insured 158.0 195.3 275.2 272.5 267.7 280.2
- Domestic Life Premiums 5.3 4.4 5.5 6.3 6.4 6.2
- Domestic General Premiums 1.1 1.0 1.0 0.9 0.8 0.9
- Domestic Life Fund Assets 21.7 36.6 42.4 45.7 42.8 50.7
- Domestic General Fund Assets 2.6 2.6 2.7 2.4 2.2 2.2
* Comprise assets of Singapore Insurance Fund, Offshore Insurance Fund and Shareholders' funds of local companies.
LIFE INSURANCE DATA 2000 2010 2017 2018 2019
SINGAPORE INSURANCE FUND
$m $m $m $m $m
Total New Business1:
No. of Policies 617,204 1,064,968 1,276,882 1,292,825 1,293,369
Sum Insured 41,293 91,616 212,062 221,310 233,596
Annual Premiums 706 1,451 3,346 3,534 4,100
Total Business in Force1:
No. of Policies 4,009,071 11,763,706 14,284,458 14,786,714 15,280,886
Sum Insured 252,591 629,475 1,218,725 1,314,982 1,422,400
Annual Premiums 5,072 9,213 18,353 19,825 22,011
New Annuity Business
No. of Policies 5,144 2,186 346 448 2,286
Considerations 266 152 25 38 7
Annuity Business in Force:
No. of Policies 22,866 72,286 66,478 65,589 66,577
Annual Payments3 104 588 504 486 507
Net Premium: 8,535
Direct Insurers 14,300 27,992 31,571 31,356
Professional Reinsurers 143 495 133 313
Benefit Payment 2,009 10,082 16,225 16,546 18,097
Total Assets2: 34,761 118,013 204,256 210,336 257,291
% % % % %
Surrender Rate: 2.4 2.3 2.2 1.9 2.0
Average 2-year Persistency Rate: 93.8 93.7 96.1 95.8 NA
OFFSHORE INSURANCE FUND
$m $m $m $m $m
Net Premium:
Direct Insurers 4.2 1,535 -220 892 1,024
Professional Reinsurers 207.4 2,103 3,092 6,690 626
1 Total business excludes annuities2 Includes both direct insurers and reinsurers. 3 "Annual Payments" under annuity business in force include deferred annuity
payments whereas benefit payments for annuity relate to the amount of annuities
actually paid during the year.
GENERAL INSURANCE DATA 2000 2010 2017 2018 2019
SINGAPORE INSURANCE FUND 1
$m $m $m $m $m
Gross Premiums 2 1,700.2 3,230.6 3,956.3 4,082.1 4,355.2
Net Premiums 1,276.6 2,518.1 2,503.4 2,611.3 2,756.5
Retention Ratio (%) 75.1 77.9 63.3 64.0 63.3
Incurred Loss Ratios (%) 64.6 55.1 51.6 54.3 59.9
Underwriting Results 8.1 276.3 129.2 77.2 -36.9
Total Assets 4,173.3 8,363.9 10,841.2 10,884.8 11,244.0
OFFSHORE INSURANCE FUND
Gross Premiums 1,705.3 5,349.4 8,730.6 12,750.2 14,494.8
Net Premiums 1,375.1 3,670.8 5,383.5 8,032.1 9,372.4
Retention Ratio (%) 80.6 68.6 61.7 63.0 64.7
Incurred Loss Ratios (%) 66.4 64.4 44.4 82.5 77.5
Underwriting Results -135.0 19.0 806.1 -1,168.4 -954.3
Total Assets 3,793.2 11,197.0 21,362.0 26,753.4 29,691.7
1 Includes both direct insurers and reinsurers.2 For direct insurers only.
Number % Change $m % Change $m % Change $m % Change
2015 932,265 -0.2 2,009.4 6.8 6,973.7 5.6 90,594.7 15.5
2016 1,052,471 12.9 2,402.5 19.6 7,990.5 14.6 107,787.7 19.0
2017 1,151,857 9.4 2,672.7 11.2 10,681.5 33.7 120,740.7 12.0
2018 1,153,347 0.1 2,735.9 2.4 10,465.2 -2.0 130,690.9 8.2
2019 1,187,068 2.9 3,069.8 12.2 10,103.8 -3.5 140,402.2 7.4
2015 113,065 7.4 330.6 0.1 2,488.0 20.3 10,722.9 4.6
2016 90,079 -20.3 238.5 -27.9 2,266.6 -8.9 8,848.8 -17.5
2017 117,566 30.5 351.3 47.3 3,957.5 74.6 9,670.9 9.3
2018 131,000 11.4 461.2 31.3 3,709.5 -6.3 9,265.2 -4.2
2019 97,873 -25.3 615.1 33.4 2,373.1 -36.0 8,511.7 -8.1
Number % Change $m % Change $m % Change
2015 349 -39.4 16.1 -44.9 1.3 -31.1
2016 394 12.9 20.7 28.7 1.4 14.8
2017 346 -12.2 25.2 21.3 1.5 6.4
2018 448 29.5 38.2 51.9 2.0 31.6
2019 2,286 410.3 7.3 -81.0 49.2 2,338.4
NON-LINKED
LINKED
TABLE AL 1.2
TOTAL NEW INDIVIDUAL ANNUITIES BUSINESS (SIF)
YearPolicies Single Premiums Annual Payment
TABLE AL 1.1
TOTAL NEW INDIVIDUAL BUSINESS (SIF)
YearPolicies Annual Premiums Single Premiums Sum Insured
Number % Change Number % Change $m % Change $m % Change $m % Change
2015 7,340 4.3 956,363 4.4 292.3 22.3 1.8 200.5 66,876.7 52.8
2016 7,315 -0.3 1,194,426 24.9 275.2 -5.8 1.8 -1.3 134,760.7 101.5
2017 7,459 2.0 931,975 -22.0 321.8 16.9 1.8 0.7 81,650.4 -39.4
2018 8,478 13.7 944,232 1.3 336.6 4.6 1.7 -3.4 81,354.2 -0.4
2019 8,428 -0.6 1,034,602 9.6 415.5 23.4 1.2 -30.1 84,681.8 4.1
Note: Excludes New Group Annuity Business
Number % Change $m % Change $m % Change
2015 0.0 - 0.0 - 0.0 -
2016 0.0 - 0.0 - 0.0 -
2017 0.0 - 0.0 - 0.0 -
2018 0.0 - 0.0 - 0.0 -
2019 0.0 - 0.0 - 0.0 -
TABLE AL 1.4
TOTAL NEW GROUP ANNUITY BUSINESS (SIF)
YearPolicies Single Premiums Annual Payments
TABLE AL 1.3
TOTAL NEW GROUP BUSINESS (SIF)
YearPolicies Lives Insured Annual Premiums Single Premiums Sum Insured
TABLE AL 1.5
TOTAL NEW BUSINESS FOR LIFE REINSURERS
$m % Change $m % Change $m % Change
2015 48.5 -47.3 0.0 - 42,794.4 -31.6
2016 117.0 141.2 0.0 - 51,427.3 20.2
2017 249.0 112.8 0.0 - 42,402.4 -17.5
2018 111.8 -55.1 0.0 - 59,426.8 40.1
2015 1,016.7 185.6 0.0 - 165,579.3 13.6
2016 1,214.1 19.4 0.0 - 210,569.3 27.2
2017 395.1 -67.5 0.0 - 124,338.8 -41.0
2018 979.5 147.9 0.5 - 405,870.3 226.4
YearLife (Risk
Premium)
Life
(Coinsurance)
Accident and
Health
Disablility
Income
Portfolio
CoverOthers Total
2019 286.0 0.0 43.0 51.9 0.5 113.5 494.9
2019 57.8 0.0 8.7 10.5 0.1 22.9 100.0
YearAnnual Premiums Single Premiums Sum Insured
SIF
OIF
TABLE AL 1.6
GROSS PREMIUMS FOR LIFE REINSURERS BY TYPE OF BUSINESS (SIF)
($ million)
(% Total)
YearLife (Risk
Premium)
Life
(Coinsurance)
Accident and
Health
Disablility
Income
Portfolio
CoverOthers Total
2019 144.9 0.0 9.0 48.2 0.5 110.8 313.4
2019 46.2 0.0 2.9 15.4 0.2 35.4 100.0
YearLife (Risk
Premium)
Life
(Coinsurance)
Accident and
Health
Disablility
Income
Portfolio
CoverOthers Total
2019 50.7 #DIV/0 21.0 92.9 100.0 97.6 63.3
YearLife (Risk
Premium)
Life
(Coinsurance)
Accident and
Health
Disablility
Income
Portfolio
CoverOthers Total
2019 42.7 - 235.9 63.3 0.1 0.8 23.3
INCURRED LOSS RATIOS FOR LIFE REINSURERS BY TYPE OF BUSINESS (SIF)
(%)
($ million)
(% Total)
TABLE AL 1.8
RETENTION RATIOS FOR LIFE REINSURERS BY TYPE OF BUSINESS (SIF)
(%)
TABLE AL 1.9
NET PREMIUMS FOR LIFE REINSURERS BY TYPE OF BUSINESS (SIF)
TABLE AL 1.7
TABLE AL 2.1
TOTAL INDIVIDUAL BUSINESS IN FORCE (SIF)
Number % Change $m % Change $m % Change
2015 11,974,398 2.9 12,637.9 10.3 620,918.8 10.2
2016 12,366,804 3.3 13,956.9 10.4 689,170.4 11.0
2017 12,836,675 3.8 15,117.9 8.3 752,554.7 9.2
2018 13,323,307 3.8 16,281.1 7.7 829,893.0 10.3
2019 13,838,305 3.9 17,949.7 10.2 905,263.3 9.1
2015 1,456,675 -0.7 2,011.4 4.4 102,791.4 3.4
2016 1,431,021 -1.8 2,001.6 -0.5 104,116.6 1.3
2017 1,414,613 -1.1 2,106.9 5.3 105,072.0 0.9
2018 1,428,596 1.0 2,333.2 10.7 106,051.5 0.9
2019 1,406,903 -1.5 2,685.7 15.1 106,892.7 0.8
TABLE AL 2.2
TOTAL INDIVIDUAL ANNUITY BUSINESS IN FORCE (SIF)
Number % Change $m % Change
2015 68,835 -1.4 547.4 -0.9
2016 67,592 -1.8 533.4 -2.6
2017 66,477 -1.6 504.2 -5.5
2018 65,588 -1.3 485.6 -3.7
2019 66,576 1.5 506.9 4.4
TABLE AL 2.3
TOTAL GROUP BUSINESS IN FORCE (SIF)
Number % Change Number % Change $m % Change $m % Change
2015 35,679 0.7 4,944,914 -2.1 1,036.9 7.2 266,856.7 11.2
2016 35,403 -0.8 4,971,055 0.5 1,024.2 -1.2 335,781.0 25.8
2017 33,170 -6.3 4,757,098 -4.3 1,127.8 10.1 361,098.6 7.5
2018 34,811 4.9 4,780,952 0.5 1,210.8 7.4 379,037.0 5.0
2019 35,678 2.5 5,065,248 5.9 1,375.3 13.6 410,244.2 8.2
Note: Excludes Group Annuity Business in Force
Number % Change $m % Change
2015 1 0.0 0.3 -1.4
2016 1 0.0 0.2 -2.8
2017 1 0.0 0.2 -1.4
2018 1 0.0 0.2 -4.4
2019 1 0.0 0.2 0.0
TABLE AL 2.4
TOTAL GROUP ANNUITY BUSINESS IN FORCE (SIF)
YearPolicies Annual Payments
YearPolicies Lives Insured Annual Premiums Sum Insured
LINKED
YearPolicies Annual Payments
NON-LINKED
YearPolicies Annual Premiums Sum Insured
TABLE AL 2.5
TOTAL BUSINESS IN FORCE FOR LIFE REINSURERS
$m % Change $m % Change
2015 270.4 -6.6 147,400.1 0.6
2016 355.3 31.4 163,113.7 10.7
2017 585.7 64.9 185,198.0 13.5
2018 415.8 -29.0 151,822.3 -18.0
2015 3,145.0 42.7 662,037.6 34.1
2016 3,656.5 16.3 708,604.3 7.0
2017 3,282.8 -10.2 790,153.1 11.5
2018 3,844.0 17.1 904,371.2 14.5
YearAnnual Premiums Sum Insured
SIF
OIF
TABLE AL 3.1
DISTRIBUTION OF NEW INDIVIDUAL BUSINESS (SIF)
Year Whole Life Endowment Term Others Total
2015 9.4 23.2 11.2 56.2 100
2016 9.2 21.8 12.9 56.1 100
2017 8.5 24.2 12.8 54.5 100
2018 9.6 23.0 14.3 53.1 100
2019 11.1 21.5 13.8 53.6 100
2015 13.4 64.4 5.4 16.8 100
2016 17.1 58.6 5.7 18.6 100
2017 15.2 56.6 5.9 22.3 100
2018 16.3 52.5 6.6 24.6 100
2019 18.3 51.5 6.5 23.7 100
2015 67.5 27.7 4.7 0.1 100
2016 67.9 30.7 1.3 0.1 100
2017 49.4 49.3 1.3 0.0 100
2018 53.9 44.9 1.1 0.1 100
2019 59.6 38.9 1.4 0.1 100
2015 85.9 14.1 0.0 0.0 100
2016 88.9 11.1 0.0 0.0 100
2017 86.6 13.4 0.0 0.0 100
2018 89.2 10.8 0.0 0.0 100
2019 95.1 4.9 0.0 0.0 100
2015 85.0 14.8 0.0 0.2 100
2016 95.5 4.3 0.0 0.2 100
2017 96.9 3.0 0.0 0.1 100
2018 97.7 2.2 0.0 0.1 100
2019 98.5 1.5 0.0 0.0 100
2015 79.1 20.9 0.0 0.0 100
2016 83.9 16.1 0.0 0.0 100
2017 85.0 15.0 0.0 0.0 100
2018 84.8 15.2 0.0 0.0 100
2019 90.7 9.3 0.0 0.0 100
(%)
NON-LINKED
Number of Policies
Annual Premiums
Single Premiums
LINKED
Number of Policies
Annual Premiums
Single Premiums
TABLE AL 3.2
DISTRIBUTION OF NEW GROUP BUSINESS (SIF)
Year Term Accident Health Others Total
2015 28.1 10.3 61.6 0.0 100
2016 26.0 10.2 63.8 0.0 100
2017 27.5 6.0 66.6 -0.1 100
2018 27.1 5.4 67.5 0.0 100
2019 24.4 5.6 70.1 -0.1 100
2015 31.5 2.0 64.7 1.8 100
2016 33.7 4.2 59.9 2.2 100
2017 12.7 1.9 83.0 2.4 100
2018 16.9 1.5 78.9 2.7 100
2019 16.9 1.2 78.6 3.3 100
2015 43.5 0.0 56.5 0.0 100
2016 0.0 0.0 100.0 0.0 100
2017 0.0 0.0 100.0 0.0 100
2018 0.0 0.0 100.0 0.0 100
2019 0.0 0.0 100.0 0.0 100
Single Premiums
Annual Premiums
(%)
Number of Policies
TABLE AL 3.3
DISTRIBUTION OF INDIVIDUAL BUSINESS IN FORCE (SIF)
Year Whole Life Endowment Term Others Total
2015 16.9 16.4 19.4 47.3 100
2016 16.7 16.2 19.1 48.0 100
2017 16.4 16.5 18.8 48.3 100
2018 16.2 16.6 18.5 48.7 100
2019 16.1 16.8 18.0 49.1 100
2015 25.6 48.5 5.8 20.1 100
2016 25.4 48.8 5.8 20.0 100
2017 24.8 48.2 6.0 21.0 100
2018 24.6 46.9 6.2 22.3 100
2019 23.9 47.3 6.1 22.7 100
2015 76.4 23.6 0.0 0.0 100
2016 77.4 22.6 0.0 0.0 100
2017 78.5 21.5 0.0 0.0 100
2018 79.7 20.3 0.0 0.0 100
2019 81.1 18.9 0.0 0.0 100
2015 85.8 14.0 0.0 0.2 100
2016 88.4 11.4 0.0 0.2 100
2017 90.7 9.1 0.0 0.2 100
2018 92.9 7.1 0.0 0.0 100
2019 94.9 5.1 0.0 0.0 100
TABLE AL 3.4
DISTRIBUTION OF GROUP BUSINESS IN FORCE (SIF)
Year Term Accident Health Others Total
2015 29.9 1.9 65.6 2.6 100
2016 27.8 2.1 67.8 2.3 100
2017 24.8 1.8 70.9 2.5 100
2018 23.7 1.7 71.9 2.7 100
2019 22.5 1.6 73.0 2.9 100
Number of Policies
Annual Premiums
(%)
Annual Premiums
(%)
NON-LINKED
Number of Policies
Annual Premiums
LINKED
1 - Year 2 - Year 3 - Year 4 - Year 5 - Year
2015 98.9 95.4 92.8 91.6 90.6
2016 99.1 95.6 93.5 92.4
2017 99.2 96.3 94.3
2018 99.0 95.8
2019 99.1
TABLE AL 4
PERSISTENCY OF INDIVIDUAL POLICIES
Year of Issue
(%)
Persistency Rates
N year persistency rate: percentage of premiums in force at the end of (N - 1) calendar years
after the year of issue
TABLE AL 5.1
TERMINATION OF INDIVIDUAL BUSINESS (SIF)
YearDeath, TPD
and CIMaturity Surrender Forfeiture Expiry Others
2015 17.7 90.4 82.5 114.7 160.0 364.4
2016 21.8 87.1 86.5 89.4 210.5 588.4
2017 25.8 78.6 97.7 117.0 211.6 981.0
2018 25.2 71.2 96.9 102.0 252.1 1,024.5
2019 25.4 103.4 100.8 98.1 304.4 769.1
2015 1.8 3.1 98.3 2.9 0.7 107.5
2016 2.0 3.3 112.9 4.4 1.2 124.4
2017 1.7 4.8 118.3 3.3 0.6 117.2
2018 2.0 8.8 111.1 3.6 0.3 109.0
2019 2.1 11.1 132.1 5.4 0.6 111.4
Note: Excludes Individual Annuity Business
Year Expiry Others
2015 139.8 83.2
2016 150.7 137.1
2017 151.0 67.2
2018 167.5 86.2
2019 169.2 81.7
Note: Excludes Group Annuity Business
($ million)
Annual Premiums
($ million)
Annual Premiums
NON-LINKED
LINKED
TABLE AL 5.2
TERMINATION OF GROUP BUSINESS
(SIF)
TABLE AL 6
CLAIMS OF LIFE INSURERS (SIF)
YearDeath, TPD
and CI
Maturity/
Anticipated
Endowment
SurrendersCash
BonusesAnnuities Others
2015 970.4 6,020.8 1,220.0 352.1 263.2 1,644.2
2016 1,075.8 6,102.9 1,554.0 391.2 265.5 1,967.0
2017 1,166.0 6,045.9 1,554.6 432.4 265.9 2,310.0
2018 1,178.7 6,248.5 1,673.7 538.9 267.5 2,544.7
2019 1,462.3 6,222.0 2,175.4 536.9 267.6 3,040.3
2015 120.8 73.4 3,197.9 19.8 0.0 40.9
2016 117.2 76.3 2,985.7 27.6 0.0 50.0
2017 134.8 108.9 4,104.3 36.8 0.0 65.2
2018 122.5 181.4 3,656.5 52.3 0.0 81.0
2019 161.4 219.0 3,834.4 70.8 0.0 107.1
($ million)
NON-LINKED
LINKED
TABLE AL 7.1
NET INVESTMENT INCOME OF LIFE INSURERS (SIF)
YearInterest/Dividend
/Rental Income
Realised Gains
(Losses) from last
reported
value/Write backs
(Write-offs)
Unrealised
Changes from
Last Reported
Value
Investment
Expenses
Net Investment
Income
2015 3,956.5 248.5 -1,923.3 224.1 2,057.6
2016 4,257.2 880.4 2,107.8 251.4 6,994.0
2017 4,544.9 3,252.9 4,751.5 435.4 12,113.9
2018 5,135.3 765.0 -7,013.8 435.3 -1,548.8
2019 5,591.4 2,431.3 11,684.1 424.9 19,281.9
2015 391.5 497.5 -1,307.2 182.4 -600.6
2016 403.0 155.3 1,205.2 179.2 1,584.3
2017 426.2 986.7 3,406.8 202.2 4,617.5
2018 464.4 925.9 -3,683.1 193.7 -2,486.5
2019 486.8 691.8 3,346.7 193.7 4,331.6
TABLE AL 7.2
NET INVESTMENT INCOME OF LIFE REINSURERS
YearInterest/Dividend
/Rental Income
Realised Gains
(Losses) from last
reported
value/Write backs
(Write-offs)
Unrealised
Changes from
Last Reported
Value
Investment
Expenses
Net Investment
Income
2015 8.4 0.6 -5.4 0.4 3.2
2016 10.9 7.3 -3.2 0.7 14.3
2017 12.2 5.5 8.2 0.8 25.1
2018 14.5 -1.0 3.7 1.0 16.2
2019 11.8 5.3 4.8 0.6 21.3
2015 8.7 22.0 4.8 0.8 34.7
2016 13.2 -2.9 1.4 1.1 10.6
2017 17.3 -3.3 -25.0 1.1 -12.1
2018 45.6 -6.6 -7.5 2.2 29.3
2019 29.4 16.2 21.1 1.5 65.2
OIF
($ million)
NON-LINKED
LINKED
($ million)
SIF
Items 2015 2016 2017 2018 2019
Assets ($ millions)
Equity Securities 29,980.5 34,993.5 51,558.2 51,106.1 60,915.3
Debt Securities 89,568.8 96,708.2 100,409.5 108,806.5 129,096.1
Land & Buildings 3,266.4 3,314.7 3,415.0 3,532.7 3,682.9
Loans 3,651.9 3,490.0 3,343.3 3,449.2 3,717.8
Cash & Deposits 4,561.1 4,378.8 5,985.5 6,230.9 4,526.5
Others 939.1 643.3 2,821.3 2,350.6 3,894.6
Total Assets 131,967.7 143,528.4 167,532.7 175,476.0 205,833.2
Policy Liabilities 112,558.8 122,484.8 139,973.8 148,317.4 176,064.3
Outstanding claims 2,465.8 2,818.6 3,326.5 3,865.1 4,435.6
Others 10,045.4 10,494.7 14,214.6 13,343.1 13,358.3
Total Liabilities 125,070.0 135,798.1 157,514.9 165,525.6 193,858.1
Other Reserves -9.0
Surplus 6,897.7 7,730.2 10,017.8 9,950.4 11,984.1
% Change 12.1 29.6 -0.7 20.4
Assets ($ millions)
Equity Securities 21,618.5 23,106.7 29,487.5 27,826.2 32,548.0
Debt Securities 4,889.5 5,039.7 4,617.3 4,572.0 4,856.8
Land & Buildings 0 0 0 0 0.3
Loans 14.6 23.7 21.8 19.9 17.2
Cash & Deposits 878.9 1,119.2 955.3 1,293.9 901.6
Others 167.2 211.9 264.0 218.2 307.5
Total Assets 27,568.7 29,501.1 35,345.9 33,930.2 38,631.4
Policy Liabilities 26,697.6 28,504.1 33,975.8 32,675.0 37,055.5
Outstanding claims 34.2 35.4 37.4 40.8 46.7
Others 300.7 297.2 519.6 471.5 659.3
Total Liabilities 27,032.5 28,836.8 34,532.9 33,187.2 37,761.6
Other Reserves -22.8
Surplus 536.2 664.3 813.0 742.9 892.6
% Change 23.9 22.4 -8.6 20.2
TABLE AL 8.1
ASSETS AND LIABILITIES OF LIFE INSURANCE FUNDS (SIF)
NON-LINKED
Liabilities
LINKED
Liabilities
Items 2015 2016 2017 2018 2019
Assets ($ millions)
Equity Securities 0.0 4.4 4.8 15.0 0.0
Debt Securities 601.8 653.2 844.4 659.1 434.2
Land & Buildings 0.0 0.0 0.0 0.0 0.0
Loans 0.0 0.0 0.0 0.0 0.0
Cash & Deposits 62.9 41.5 53.6 42.4 54.4
Others 267.5 213.2 474.8 213.0 516.8
Total Assets 932.1 912.2 1,377.5 929.5 1,005.5
Policy Liabilities 377.0 517.6 808.5 55.7 -93.0
Outstanding claims 0.0 0.9 4.0 4.9 0.8
Others 228.5 45.0 99.5 151.4 409.2
Total Liabilities 605.5 563.4 912.0 212.0 317.1
Other Reserves 0.7
Surplus 326.6 348.8 465.5 717.4 687.7
% Change 6.8 33.5 54.1 -4.1
Assets ($ millions)
Equity Securities 98.3 197.5 94.8 70.2 79.2
Debt Securities 602.4 768.9 778.8 1,652.4 1,017.6
Land & Buildings 0 0 0 0 0.0
Loans 0.0 0.0 0.0 0.0 0.0
Cash & Deposits 171.3 237.2 159.8 144.5 233.1
Others 1,539.4 2,374.6 2,371.0 6,868.8 8,591.8
Total Assets 2,411.4 3,578.3 3,404.4 8,735.8 9,921.6
Policy Liabilities 923.9 1,481.6 1,457.1 5,258.8 1,651.4
Outstanding claims 5.5 12.8 16.5 17.9 10.1
Others 607.5 663.5 637.4 1,652.8 6,288.0
Total Liabilities 1,536.9 2,158.0 2,111.0 6,929.5 7,949.5
Other Reserves -20.0
Surplus 874.5 1,420.3 1,293.4 1,806.4 1,992.1
% Change 62.4 -8.9 39.7 10.3
Liabilities
TABLE AL 8.2
ASSETS AND LIABILITIES OF LIFE REINSURERS
SIF
Liabilities
OIF
Net Premiums Retention Ratio
Year $m % Change In SingaporeOutside
Singapore $m %
$m $m
2015 3,999.1 3.9 312.7 1,176.2 2,649.5 66.3
2016 3,971.6 -0.7 305.3 1,151.6 2,669.2 67.2
2017 3,956.3 -0.4 623.7 988.7 2,503.4 63.3
2018 4,082.1 3.2 352.9 1,270.0 2,611.3 64.0
2019 4,355.2 6.7 390.7 1,378.9 2,756.5 63.3
2015 3,999.1 3.9 312.7 1,176.2 2,510.1 62.8
2016 3,971.6 -0.7 305.3 1,151.6 2,514.7 63.3
2017 3,956.3 -0.4 623.7 988.7 2,344.0 59.2
2018 4,082.1 3.2 352.9 1,270.0 2,459.2 60.2
2019 4,355.2 6.7 390.7 1,378.9 2,585.6 59.4
2015 213.4 -22.2 24.4 49.6 139.4 65.3
2016 212.5 -0.4 21.8 36.2 154.5 72.7
2017 199.3 -6.2 11.7 28.1 159.5 80.0
2018 204.1 2.4 12.7 39.3 152.1 74.5
2019 237.5 16.4 18.6 47.9 171.0 72.0
REINSURERS
TABLE AG 1
PREMIUMS OF SINGAPORE INSURANCE FUND BUSINESS
Gross Premiums Reinsurance Ceded
INDUSTRY
DIRECT INSURERS
Year CargoHull and
LiabilityFire Motor
Work Injury
Compensation
Personal
AccidentHealth Miscellaneous Total
2014 110.8 302.5 437.8 1,182.8 401.8 329.9 360.2 724.7 3,850.5
2015 99.7 373.3 456.1 1,137.3 376.7 342.4 410.2 803.4 3,999.1
2016 95.2 354.4 510.1 1,150.7 353.7 350.8 455.6 701.1 3,971.6
2017 94.7 311.4 529.0 1,113.3 340.7 359.9 443.5 763.9 3,956.3
2018 97.1 309.6 528.6 1,109.7 348.9 365.9 515.2 807.1 4,082.1
2014 -0.7 12.3 5.3 -2.9 7.5 7.7 19.5 -2.3 3.0
2015 -10.0 23.4 4.2 -3.9 -6.2 3.8 13.9 10.9 3.9
2016 -4.5 -5.1 11.8 1.2 -6.1 2.5 11.1 -12.7 -0.7
2017 -0.5 -12.1 3.7 -3.2 -3.7 2.6 -2.7 9.0 -0.4
2018 2.6 -0.6 -0.1 -0.3 2.4 1.7 16.2 5.7 3.2
2014 2.9 7.9 11.4 30.7 10.4 8.6 9.4 18.8 100.0
2015 2.5 9.3 11.4 28.4 9.4 8.6 10.3 20.1 100.0
2016 2.4 8.9 12.8 29.0 8.9 8.8 11.5 17.7 100.0
2017 2.4 7.9 13.4 28.1 8.6 9.1 11.2 19.3 100.0
2018 2.4 7.6 13.0 27.2 8.5 9.0 12.6 19.8 100.0
2014 110.8 302.5 437.8 1,182.8 401.8 329.9 360.2 724.7 3,850.5
2015 99.7 373.3 456.1 1,137.3 376.7 342.4 410.2 803.4 3,999.1
2016 95.2 354.4 510.1 1,150.7 353.7 350.8 455.6 701.1 3,971.6
2017 94.7 311.4 529.0 1,113.3 340.7 359.9 443.5 763.9 3,956.3
2018 97.1 309.6 528.6 1,109.7 348.9 365.9 515.2 807.1 4,082.1
2014 -0.7 12.3 5.3 -2.9 7.5 7.7 19.5 -2.3 3.0
2015 -10.0 23.4 4.2 -3.9 -6.2 3.8 13.9 10.9 3.9
2016 -4.5 -5.1 11.8 1.2 -6.1 2.5 11.1 -12.7 -0.7
2017 -0.5 -12.1 3.7 -3.2 -3.7 2.6 -2.7 9.0 -0.4
2018 2.6 -0.6 -0.1 -0.3 2.4 1.7 16.2 5.7 3.2
2014 2.9 7.9 11.4 30.7 10.4 8.6 9.4 18.8 100.0
2015 2.5 9.3 11.4 28.4 9.4 8.6 10.3 20.1 100.0
2016 2.4 8.9 12.8 29.0 8.9 8.8 11.5 17.7 100.0
2017 2.4 7.9 13.4 28.1 8.6 9.1 11.2 19.3 100.0
2018 2.4 7.6 13.0 27.2 8.5 9.0 12.6 19.8 100.0
TABLE AG 2
GROSS PREMIUMS OF SINGAPORE INSURANCE FUND BUSINESS BY LINE
INDUSTRY
($ million)
(% change)
(% total)
DIRECT INSURERS
($ million)
(% change)
(% total)
2014 9.5 21.2 92.9 69.4 8.8 5.3 0.7 66.5 274.3
2015 7.9 15.7 70.4 44.4 8.2 6.1 0.6 60.1 213.4
2016 8.0 20.2 75.5 36.0 6.7 5.8 0.7 59.8 212.5
2017 8.8 13.3 65.0 42.9 6.2 6.9 0.6 55.5 199.3
2018 11.2 12.7 65.0 33.4 5.8 8.0 0.5 67.4 204.1
2014 -6.3 10.0 -2.8 16.3 -15.2 -10.3 -11.1 -18.3 -3.2
2015 -16.3 -25.8 -24.3 -36.0 -6.9 14.2 -22.1 -9.6 -22.2
2016 0.0 28.5 7.3 -18.9 -18.8 -5.0 14.2 -0.5 -0.4
2017 11.2 -33.9 -13.9 19.1 -7.0 19.3 -6.1 -7.2 -6.2
2018 26.3 -4.7 0.0 -22.1 -5.6 15.6 -11.0 21.6 2.4
2014 3.5 7.7 33.9 25.3 3.2 1.9 0.3 24.2 100.0
2015 3.7 7.4 33.0 20.8 3.8 2.9 0.3 28.2 100.0
2016 3.7 9.5 35.5 17.0 3.1 2.7 0.3 28.1 100.0
2017 4.4 6.7 32.6 21.5 3.1 3.5 0.3 27.8 100.0
2018 5.5 6.2 31.8 16.4 2.9 3.9 0.3 33.0 100.0
Public
LiabilityBonds
Engineering
/ CAR / EAR
Professional
Indemnity
Credit /
Political RiskOthers Total
2014 145.5 119.9 104.1 104.7 126.1 124.6 724.7
2015 134.5 125.9 128.2 118.3 181.0 115.5 803.4
2016 129.5 115.9 80.8 114.9 140.0 120.0 701.1
2017 142.6 107.2 99.9 141.9 144.6 127.7 763.9
2018 149.0 117.0 82.5 180.0 140.2 138.4 807.1
(% total)
TABLE AG 2.1
BREAKDOWN OF MISCELLANEOUS CATEGORY
Year
Miscellaneous
($ million)
(% change)
REINSURERS
($ million)
Year Cargo Marine Hull Aviation Hull Property MotorEmployers'
Liability
Personal
AccidentHealth
Public Liability/
Product
Liability
Surety EngineeringProfessional
Indemnity
Credit/ Credit-
relatedOthers Total
2019 97.5 319.7 5.9 603.3 1,117.1 372.1 382.7 586.1 149.4 119.7 108.3 167.9 149.9 175.5 4,355.1
2019
2019 2.2 7.3 0.1 13.9 25.6 8.5 8.8 13.5 3.4 2.7 2.5 3.9 3.4 4.2 100.0
2019 97.5 319.7 5.9 603.3 1,117.1 372.1 382.7 586.1 149.4 119.7 108.3 167.9 149.9 175.5 4,355.1
2019
2019 2.2 7.3 0.1 13.9 25.6 8.5 8.8 13.5 3.4 2.7 2.5 3.9 3.4 4.2 100.0
2019 13.5 20.4 0.5 74.7 41.1 7.0 10.1 0.6 8.1 13.7 6.4 4.6 8.9 27.9 237.5
2019
2019 5.7 8.6 0.2 31.4 17.3 3.0 4.3 0.2 3.4 5.8 2.7 1.9 3.7 11.8 100.0
(% total)
($ million)
(% change)
(% total)
REINSURERS
($ million)
(% change)
DIRECT INSURERS
TABLE AG 2
GROSS PREMIUMS OF SINGAPORE INSURANCE FUND BUSINESS BY LINE
INDUSTRY
($ million)
(% change)
(% total)
Year CargoHull and
LiabilityFire Motor
Work Injury
Compensation
Personal
AccidentHealth Miscellaneous Total
2014 84.5 145.0 244.9 1,123.1 359.1 258.0 302.3 419.2 2,936.1
2015 72.2 160.9 220.9 943.0 307.1 226.0 313.5 405.9 2,649.5
2016 65.8 162.0 244.2 950.8 286.9 238.6 347.2 373.8 2,669.2
2017 60.8 120.8 238.2 910.1 257.8 234.9 296.8 384.1 2,503.4
2018 67.6 129.5 240.6 922.0 255.9 233.1 351.6 411.1 2,611.3
2014 -2.0 12.6 4.2 -4.0 6.8 5.2 31.6 -3.8 2.4
2015 -14.5 11.0 -9.8 -16.0 -14.5 -12.4 3.7 -3.2 -9.8
2016 -9.0 0.7 10.5 0.8 -6.6 5.6 10.8 -7.9 0.7
2017 -7.5 -25.4 -2.5 -4.3 -10.1 -1.6 -14.5 2.8 -6.2
2018 11.1 7.2 1.0 1.3 -0.7 -0.8 18.5 7.0 4.3
2014 2.9 4.9 8.3 38.3 12.2 8.8 10.3 14.3 100.0
2015 2.7 6.1 8.3 35.6 11.6 8.5 11.8 15.3 100.0
2016 2.5 6.1 9.1 35.6 10.7 8.9 13.0 14.0 100.0
2017 2.4 4.8 9.5 36.4 10.3 9.4 11.9 15.3 100.0
2018 2.6 5.0 9.2 35.3 9.8 8.9 13.5 15.7 100.0
2014 76.5 134.2 183.2 1,069.2 352.4 253.1 301.7 376.5 2,746.8
2015 65.1 154.5 178.4 908.0 301.6 221.2 313.0 368.4 2,510.1
2016 58.7 150.9 190.9 920.0 281.6 233.5 346.7 332.4 2,514.7
2017 53.0 111.4 188.5 871.5 252.3 228.6 296.2 342.4 2,344.0
2018 57.4 120.3 188.2 897.5 251.2 227.9 351.1 365.6 2,459.2
2014 -0.9 15.1 5.9 -5.0 7.1 5.2 31.7 -1.4 2.8
2015 -15.0 15.2 -2.6 -15.1 -14.4 -12.6 3.7 -2.2 -8.6
2016 -9.7 -2.4 7.0 1.3 -6.6 5.6 10.8 -9.8 0.2
2017 -9.8 -26.2 -1.3 -5.3 -10.4 -2.1 -14.5 3.0 -6.8
2018 8.4 8.0 -0.2 3.0 -0.4 -0.3 18.5 6.8 4.9
2014 2.8 4.9 6.7 38.9 12.8 9.2 11.0 13.7 100.0
2015 2.6 6.2 7.1 36.2 12.0 8.8 12.5 14.7 100.0
2016 2.3 6.0 7.6 36.6 11.2 9.3 13.8 13.2 100.0
2017 2.3 4.8 8.0 37.2 10.8 9.8 12.6 14.6 100.0
2018 2.3 4.9 7.7 36.5 10.2 9.3 14.3 14.9 100.0
TABLE AG 3
NET PREMIUMS OF SINGAPORE INSURANCE FUND BUSINESS BY LINE
INDUSTRY
($ million)
(% change)
(% total)
DIRECT INSURERS
($ million)
(% change)
(% total)
2014 8.0 10.9 61.7 53.9 6.6 4.8 0.6 42.7 189.3
2015 7.2 6.4 42.5 35.0 5.5 4.8 0.5 37.6 139.4
2016 7.0 11.1 53.2 30.7 5.3 5.2 0.6 41.4 154.5
2017 7.9 9.4 49.6 38.6 5.5 6.2 0.5 41.7 159.5
2018 10.2 9.2 52.4 24.5 4.7 5.1 0.5 45.5 152.1
2014 -11.2 -11.3 -0.6 21.7 -6.8 1.3 -11.6 -20.6 -2.4
2015 -10.3 -41.2 -31.1 -35.1 -17.6 -0.6 -20.9 -12.0 -26.4
2016 -2.3 74.4 25.2 -12.2 -3.8 7.3 13.7 10.1 10.8
2017 12.3 -15.4 -6.8 25.5 4.7 21.1 -5.1 0.8 3.2
2018 29.5 -2.4 5.5 -36.4 -14.6 -17.5 -11.5 9.0 -4.6
2014 4.2 5.7 32.6 28.5 3.5 2.5 0.3 22.6 100.0
2015 5.2 4.6 30.5 25.1 3.9 3.4 0.4 26.9 100.0
2016 4.5 7.2 34.5 19.9 3.4 3.3 0.4 26.8 100.0
2017 4.9 5.9 31.1 24.2 3.5 3.9 0.3 26.2 100.0
2018 6.7 6.0 34.4 16.1 3.1 3.4 0.3 29.9 100.0
Public
LiabilityBonds
Engineering /
CAR / EAR
Professional
Indemnity
Credit / Political
RiskOthers Total
2014 91.3 69.9 35.2 69.0 40.0 71.0 376.5
2015 77.8 72.4 30.8 64.5 60.3 62.6 368.4
2016 74.2 66.0 27.2 61.2 38.8 65.2 332.4
2017 73.2 63.2 26.4 64.6 51.3 63.7 342.4
2018 80.7 63.1 24.9 83.3 41.9 71.8 365.6
(% total)
TABLE AG 3.1
BREAKDOWN OF MISCELLANEOUS CATEGORY
Year
Miscellaneous
($ million)
(% change)
REINSURERS
($ million)
Year Cargo Marine Hull Aviation Hull Property MotorEmployers'
Liability
Personal
AccidentHealth
Public Liability/
Product LiabilitySurety Engineering
Professional
Indemnity
Credit/ Credit-
relatedOthers Total
2019 66.5 142.4 1.1 256.9 959.7 272.1 242.3 392.6 84.5 73.7 35.3 72.9 60.0 96.5 2,756.5
2019
2019 2.4 5.2 0.0 9.3 34.8 9.9 8.8 14.2 3.1 2.7 1.3 2.6 2.2 3.5 100.0
2019 54.8 125.8 0.9 200.9 929.6 266.6 236.9 392.1 82.8 64.9 30.0 70.5 54.2 75.6 2,585.6
2019
2019 2.1 4.9 0.0 7.8 36.0 10.3 9.2 15.2 3.2 2.5 1.2 2.7 2.1 2.8 100.0
2019 11.8 16.5 0.2 56.0 30.1 5.5 5.4 0.5 1.7 8.9 5.3 2.3 5.8 21.0 171.0
2019
2019 6.9 9.7 0.1 32.8 17.6 3.2 3.1 0.3 1.0 5.2 3.1 1.4 3.4 12.2 100.0
(% total)
($ million)
(% change)
(% total)
REINSURERS
($ million)
(% change)
DIRECT INSURERS
TABLE AG 3
NET PREMIUMS OF SINGAPORE INSURANCE FUND BUSINESS BY LINE
INDUSTRY
($ million)
(% change)
(% total)
Year CargoHull and
LiabilityFire Motor
Work Injury
Compensation
Personal
AccidentHealth Miscellaneous Total
INDUSTRY
2014 76.3 47.9 55.9 95.0 89.4 78.2 83.9 57.8 76.3
2015 72.5 43.1 48.4 82.9 81.5 66.0 76.4 50.5 66.3
2016 69.1 45.7 47.9 82.6 81.1 68.0 76.2 53.3 67.2
2017 64.2 38.8 45.0 81.7 75.7 65.3 66.9 50.3 63.3
2018 69.6 41.8 45.5 83.1 73.4 63.7 68.2 50.9 64.0
DIRECT INSURERS
2014 69.1 44.4 41.8 90.4 87.7 76.7 83.8 51.9 71.3
2015 65.3 41.4 39.1 79.8 80.1 64.6 76.3 45.8 62.8
2016 61.7 42.6 37.4 80.0 79.6 66.5 76.1 47.4 63.3
2017 55.9 35.8 35.6 78.3 74.1 63.5 66.8 44.8 59.2
2018 59.1 38.9 35.6 80.9 72.0 62.3 68.1 45.3 60.2
REINSURERS
2014 84.3 51.3 66.4 77.7 75.3 90.2 85.9 64.2 69.0
2015 90.4 40.7 60.4 78.8 66.7 78.6 87.3 62.5 65.3
2016 88.3 55.2 70.5 85.3 79.0 88.8 86.9 69.2 72.7
2017 89.1 70.6 76.4 89.9 89.0 90.1 87.8 75.2 80.0
2018 91.4 72.3 80.6 73.3 80.5 64.3 87.4 67.4 74.5
Public
LiabilityBonds
Engineering
/ CAR / EAR
Professional
Indemnity
Credit / Political
RiskOthers Total
2014 62.8 58.3 33.8 66.0 31.7 57.0 51.9
2015 57.8 57.5 24.0 54.5 33.3 54.2 45.8
2016 57.3 56.9 33.6 53.2 27.7 54.3 47.4
2017 51.3 58.9 26.4 45.5 35.5 49.9 44.8
2018 54.1 53.9 30.1 46.3 29.9 51.9 45.3
(%)
TABLE AG 4
RETENTION RATIOS OF SINGAPORE INSURANCE FUND BUSINESS BY LINE
(%)
TABLE AG 4.1
BREAKDOWN OF MISCELLANEOUS CATEGORY
Year
Miscellaneous
Year Cargo Marine Hull Aviation Hull Property MotorEmployers'
Liability
Personal
AccidentHealth
Public Liability/
Product
Liability
Surety EngineeringProfessional
Indemnity
Credit/ Credit-
relatedOthers Total
(%)
INDUSTRY
2019 68.2 44.5 18.5 42.6 85.9 73.1 63.3 67 56.6 61.6 32.6 43.4 40 55 63.3
DIRECT INSURERS
2019 56.2 39.4 15.9 33.3 83.2 71.6 61.9 66.9 55.4 54.2 27.7 42 36.2 43 59.4
REINSURERS
2019 86.9 81.2 32.3 75 73.2 78.9 53.1 89 21.2 64.5 82 50.1 65.4 75.2 72
TABLE AG 4
RETENTION RATIOS OF SINGAPORE INSURANCE FUND BUSINESS BY LINE
Year CargoHull and
LiabilityFire Motor
Work Injury
Compensation
Personal
AccidentHealth Miscellaneous Total
INDUSTRY
2014 46.3 69.9 26.9 53.5 60.7 27.9 69.4 26.3 48.0
2015 41.3 60.0 31.6 56.0 55.2 33.5 68.3 34.7 50.2
2016 18.0 54.8 30.9 53.4 54.2 33.3 71.2 62.2 52.4
2017 10.2 52.8 23.9 65.1 54.1 41.6 73.3 30.6 51.6
2018 27.9 69.2 21.8 61.5 64.9 36.8 76.5 41.9 54.3
DIRECT INSURERS
2014 47.0 71.6 24.5 54.1 60.9 28.1 69.5 26.1 48.9
2015 44.0 62.6 28.5 56.0 55.8 33.5 68.5 35.6 51.0
2016 16.4 53.7 24.6 53.8 53.5 32.7 71.3 62.8 52.3
2017 9.4 48.2 21.7 65.4 54.0 41.4 73.3 30.3 52.1
2018 23.6 66.8 20.4 61.7 65.8 36.2 76.6 40.3 54.7
REINSURERS
2014 40.1 54.1 33.4 42.2 50.6 18.9 16.2 28.1 36.3
2015 14.5 -15.7 43.6 54.6 15.6 37.3 -21.6 26.9 36.8
2016 30.5 71.0 52.4 41.7 93.0 62.0 36.9 57.0 53.4
2017 16.2 108.5 32.2 56.3 56.7 51.1 47.5 32.6 43.6
2018 54.1 101.0 26.8 55.9 19.8 58.4 53.5 54.7 47.0
Public
LiabilityBonds
Engineering
/ CAR / EAR
Professional
Indemnity
Credit / Political
RiskOthers Total
2014 20.6 37.7 -22.5 26.5 77.1 18.4 26.1
2015 33.1 25.2 42.7 -1.5 121.4 25.5 35.6
2016 11.9 24.7 25.6 18.3 377.0 27.3 62.8
2017 8.2 35.4 51.7 13.6 76.5 23.1 30.3
2018 27.2 34.7 27.8 48.8 70.1 38.4 40.3
(%)
TABLE AG 5
INCURRED LOSS RATIOS OF SINGAPORE INSURANCE FUND BUSINESS BY LINE
(%)
TABLE AG 5.1
BREAKDOWN OF MISCELLANEOUS CATEGORY
Year
Miscellaneous
Year Cargo Marine Hull Aviation Hull Property MotorEmployers'
Liability
Personal
AccidentHealth
Public Liability/
Product LiabilitySurety Engineering
Professional
Indemnity
Credit/ Credit-
relatedOthers Total
(%)
INDUSTRY
2019 19.4 113.9 78.7 36.9 65.2 65.5 38.1 67.3 10.8 59 31 70 61.7 70.7 59.9
DIRECT INSURERS
2019 16.9 116.3 18.7 40.4 65.5 65.7 39 67.4 8.5 46.5 35.2 72.4 52.5 73.1 60.3
REINSURERS
2019 31.2 92.3 321.1 23.1 56 53.6 -5 -77.8 84.2 161.4 4.8 -1.4 153.1 61.1 52.8
TABLE AG 5
INCURRED LOSS RATIOS OF SINGAPORE INSURANCE FUND BUSINESS BY LINE
YearEarned
Premiums
Net Claims
Incurred
Distribution
Expenses
Management
Expenses
Underwriting
Profit / (Loss)
Net Investment
Income1
Operating Profit
/ (Loss)
INDUSTRY
($ million)
2015 2,694.4 1,353.6 283.5 735.8 321.5 92.0 413.4
2016 2,693.1 1,410.9 321.4 775.4 185.4 210.2 395.6
2017 2,481.0 1,279.8 269.7 802.4 129.2 356.3 485.4
2018 2,552.9 1,385.6 256.2 833.9 77.2 128.6 205.8
2019 2,677.5 1,602.5 303.9 807.9 -36.9 378.3 341.4
(% change) (% change)
2015 -7.6 50.2 10.5 27.3 11.9 -62.7 -39.8
2016 0.0 52.4 11.9 28.8 6.9 128.6 -4.3
2017 -7.9 51.6 10.9 32.3 5.2 69.5 22.7
2018 2.9 54.3 10.0 32.7 3.0 -63.9 -57.6
2019 4.9 59.9 11.4 30.2 -1.4 194.1 65.9
DIRECT INSURERS
($ million)
2015 2,550.5 1,300.7 243.9 713.0 292.9 83.9 376.8
2016 2,535.1 1,326.6 286.4 750.8 171.3 189.4 360.7
2017 2,327.1 1,212.8 228.2 782.2 104.0 326.5 430.5
2018 2,400.5 1,314.0 220.3 815.7 50.6 120.3 170.8
2019 2,520.8 1,519.8 260.1 795.1 -54.2 340.4 286.2
(% change) (% change)
2015 -6.2 51.0 9.6 28.0 11.5 -62.3 -38.0
2016 -0.6 52.3 11.3 29.6 6.8 125.7 -4.3
2017 -8.2 52.1 9.8 33.6 4.5 72.3 19.3
2018 3.2 54.7 9.2 34.0 2.1 -63.2 -60.3
2019 5.0 60.3 10.3 31.5 -2.2 183.1 67.5
REINSURERS
($ million)
2015 143.9 53.0 39.6 22.8 28.6 8.0 36.6
2016 158.0 84.3 35.0 24.6 14.1 20.8 34.9
2017 153.9 67.0 41.5 20.2 25.2 29.8 55.0
2018 152.4 71.6 35.9 18.3 26.6 8.4 35.0
2019 156.6 82.8 43.8 12.8 17.3 37.9 55.2
(% change) (% change)
2015 -27.1 36.8 27.5 15.8 19.8 -66.3 -53.4
2016 9.8 53.4 22.2 15.6 8.9 158.9 -4.6
2017 -2.6 43.6 27.0 13.1 16.4 43.3 57.5
2018 -1.0 47.0 23.6 12.0 17.4 -71.8 -36.4
2019 2.8 52.8 27.9 8.2 11.0 351.8 57.9
1 Refer to Table AG 7 for the breakdown, excluding marine mutual insurers
TABLE AG 6
RESULTS OF SINGAPORE INSURANCE FUND BUSINESS
(% of Earned Premiums)
(% of Earned Premiums)
(% of Earned Premiums)
YearInterest/Dividend/Rental
Income1
Realised Gains
(Losses) from last
reported value/Write
backs (Write-offs)1
Unrealised Changes
from Last Reported
Value1
Expenses1
Net Investment
Income1
2015 191.2 -30.5 -56.5 12.4 91.8
2016 200.2 -2.7 24.8 12.5 209.7
2017 196.0 126.6 46.9 13.5 356.0
2018 206.9 -17.5 -49.4 12.6 127.4
2019 218.9 56.4 115.8 13.7 377.4
2015 170.7 -30.7 -44.5 11.7 83.8
2016 178.9 -7.6 29.4 11.7 189.0
2017 176.4 125.6 37.0 12.7 326.3
2018 187.0 -18.5 -38.0 11.5 119.0
2019 197.5 53.7 101.4 13.1 339.5
2015 20.5 0.2 -12.0 0.8 8.0
2016 21.3 4.9 -4.6 0.8 20.8
2017 19.6 1.1 9.9 0.8 29.8
2018 19.9 1.0 -11.4 1.1 8.4
2019 21.3 2.7 14.4 0.6 37.9
1 Excludes marine mutual Insurers
TABLE AG 7
NET INVESTMENT INCOME OF SINGAPORE INSURANCE FUNDS
($ million)
INDUSTRY
DIRECT INSURERS
REINSURERS
Items 2015 2016 2017 2018 2019
INDUSTRY
($ million)
Assets
Equity Securities 941.4 955.5 935.7 882.5 884.5
Debt Securities 6,155.4 5,971.6 5,638.9 5,751.3 6,019.0
Cash and Deposits 2,273.7 2,273.4 2,495.6 2,475.8 2,412.1
Loans 50.8 55.8 26.7 17.7 23.0
Land and Buildings 286.6 290.6 307.9 310.6 368.9
Others 1,362.7 1,593.8 1,436.3 1,447.0 1,536.5
Total Assets 1 11,070.6 11,140.7 10,841.2 10,884.8 11,244.0
Liabilities
Premium Liabilities 1 1,403.5 1,339.6 1,332.6 1,388.7 1,453.9
Claim Liabilities 1 3,110.7 2,943.6 2,779.6 2,722.3 2,767.0
Reinsurance deposits 193.3 189.9 190.1 187.0 161.4
Others 1,574.9 1,569.3 1,481.5 1,495.2 1,761.7
Total Liabilities 1 6,111.0 5,961.2 5,783.8 5,793.1 6,144.0
Other Reserves 23.4
Surplus 4,959.6 5,179.5 5,057.4 5,091.7 5,076.7
% Change in Surplus 6.6 4.4 -2.4 0.7 -0.3
DIRECT INSURERS
($ million)
Assets
Equity Securities 907.5 924.4 903.5 852.0 843.7
Debt Securities 5,429.1 5,269.7 4,957.6 5,035.3 5,365.6
Cash and Deposits 286.6 290.6 307.9 310.6 2,207.6
Loans 50.8 55.8 26.7 17.6 23.0
Land and Buildings 2,066.6 2,080.4 2,293.0 2,291.5 368.9
Others 1,246.7 1,464.2 1,312.2 1,315.2 1,404.8
Total Assets 1 9,987.3 10,085.1 9,800.9 9,822.3 10,213.6
Liabilities
Premium Liabilities 1 1,344.0 1,284.3 1,272.5 1,328.6 1,380.2
Claim Liabilities 1 2,762.8 2,602.7 2,423.4 2,372.2 2,436.9
Reinsurance deposits 191.9 188.7 189.1 185.9 160.5
Others 1,463.2 1,460.3 1,393.2 1,402.5 1,666.5
Total Liabilities 1 5,590.6 5,454.8 5,278.1 5,289.2 5,644.1
Other Reserves 24.2
Surplus 4,396.8 4,630.3 4,522.8 4,533.1 4,545.4
% Change in Surplus 7.2 5.3 -2.3 0.2 0.3
TABLE AG 8
ASSETS AND LIABILITIES OF SINGAPORE INSURANCE FUNDS
REINSURERS
($ million)
Assets
Equity Securities 33.9 31.0 32.2 30.5 40.8
Debt Securities 726.3 701.9 681.3 716.0 653.4
Cash and Deposits 0.0 0.0 0.0 0.0 204.5
Loans 0.0 0.0 0.0 0.1 0.0
Land and Buildings 207.2 193.0 202.6 184.3 0.0
Others 116.0 129.7 124.1 131.8 131.7
Total Assets 1 1,083.3 1,055.6 1,040.3 1,062.6 1,030.4
Liabilities
Premium Liabilities 1 59.5 55.2 60.1 60.1 73.7
Claim Liabilities 1 348.0 340.9 356.2 350.0 330.1
Reinsurance deposits 1.4 1.2 1.0 1.1 0.9
Others 111.7 109.0 88.3 92.7 95.2
Total Liabilities 1 520.5 506.3 505.7 503.9 499.9
Other Reserves -0.8
Surplus 562.8 549.2 534.5 558.7 531.3
% Change in Surplus 2.2 -2.4 -2.7 4.5 -4.9
1 Figures are net of reinsurers' share of policy liabilities
Net Premiums Retention Ratio
Year $m % ChangeIn Singapore
Outside
Singapore $m %
$m $m
2015 8,997.7 13.6 193.5 3,682.9 5,121.4 56.9
2016 8,865.6 -1.5 236.9 3,344.5 5,284.2 59.6
2017 8,730.6 -1.5 244.3 3,102.8 5,383.5 61.7
2018 12,750.2 46.0 271.7 4,446.4 8,032.1 63.0
2019 14,494.8 13.7 383.4 4,739.0 9,372.4 64.7
2015 2,935.1 16.1 119.4 1,450.5 1,365.2 46.5
2016 2,987.2 1.8 165.0 1,437.4 1,384.8 46.4
2017 3,214.4 7.6 184.2 1,606.7 1,423.5 44.3
2018 3,404.0 5.9 192.6 1,709.9 1,501.5 44.1
2019 3,854.4 13.2 281.2 2,013.5 1,559.7 40.5
2015 4,990.8 17.6 34.7 1,795.7 3,160.5 63.3
2016 4,895.2 -1.9 35.6 1,475.0 3,384.5 69.1
2017 4,519.8 -7.7 34.6 1,213.3 3,271.8 72.4
2018 8,238.6 82.3 51.1 2,368.1 5,819.4 70.6
2019 9,315.4 13.1 66.1 2,334.8 6,914.4 74.2
2015 1,071.8 -6.3 39.4 436.7 595.7 55.6
2016 983.2 -8.3 36.3 432.1 514.8 52.4
2017 996.4 1.3 25.5 282.7 688.2 69.1
2018 1,107.6 11.2 28.0 368.5 711.1 64.2
2019 1,325.0 19.6 36.0 390.7 898.3 67.8
CAPTIVE INSURERS
TABLE AG 9
PREMIUMS OF OFFSHORE INSURANCE FUND BUSINESS
Gross Premiums Reinsurance Ceded
INDUSTRY
DIRECT INSURERS
REINSURERS
Year Cargo Hull and Liability Property Casualty and Others Total
($ million)
2014 453.7 856.7 5,282.5 1,324.7 7,917.6
2015 430.2 950.4 5,757.8 1,859.4 8,997.7
2016 387.4 837.2 5,993.4 1,647.6 8,865.6
2017 412.6 806.4 5,464.3 2,047.3 8,730.6
2018 528.8 940.7 7,502.0 3,778.8 12,750.2
(% change)
2014 -0.7 -2.7 11.7 2.0 7.5
2015 -5.2 10.9 9.0 40.4 13.6
2016 -10.0 -11.9 4.1 -11.4 -1.5
2017 6.5 -3.7 -8.8 24.3 -1.5
2018 28.2 16.6 37.3 84.6 46.0
(% total)
2014 5.7 10.8 66.7 16.7 100.0
2015 4.8 10.6 64.0 20.7 100.0
2016 4.4 9.4 67.6 18.6 100.0
2017 4.7 9.2 62.6 23.4 100.0
2018 4.1 7.4 58.8 29.6 100.0
($ million)
2014 217.7 597.1 1,326.0 388.3 2,529.1
2015 222.8 651.1 1,466.6 594.6 2,935.1
2016 209.5 579.8 1,661.2 536.7 2,987.2
2017 213.7 562.8 1,726.4 711.5 3,214.4
2018 258.4 577.3 1,804.0 764.3 3,404.0
(% change)
2014 6.9 3.0 23.5 -4.1 11.8
2015 2.3 9.1 10.6 53.1 16.1
2016 -6.0 -10.9 13.3 -9.7 1.8
2017 2.0 -2.9 3.9 32.6 7.6
2018 20.9 2.6 4.5 7.4 5.9
(% total)
2014 8.6 23.6 52.4 15.4 100.0
2015 7.6 22.2 50.0 20.3 100.0
2016 7.0 19.4 55.6 18.0 100.0
2017 6.6 17.5 53.7 22.1 100.0
2018 7.6 17.0 53.0 22.5 100.0
TABLE AG 10
GROSS PREMIUMS OF OFFSHORE INSURANCE FUND BUSINESS BY LINE
INDUSTRY
DIRECT INSURERS
($ million)
2014 145.0 229.3 3,164.9 704.9 4,244.1
2015 120.1 269.4 3,507.0 1,094.4 4,990.8
2016 98.6 223.9 3,655.4 917.3 4,895.2
2017 112.6 212.8 3,100.7 1,093.7 4,519.8
2018 181.4 333.0 4,931.8 2,792.4 8,238.6
(% change)
2014 -11.3 -15.1 13.9 5.0 9.3
2015 -17.2 17.5 10.8 55.3 17.6
2016 -17.9 -16.9 4.2 -16.2 -1.9
2017 14.2 -5.0 -15.2 19.2 -7.7
2018 61.1 56.5 59.1 155.3 82.3
(% total)
2014 3.4 5.4 74.6 16.6 100.0
2015 2.4 5.4 70.3 21.9 100.0
2016 2.0 4.6 74.7 18.7 100.0
2017 2.5 4.7 68.6 24.2 100.0
2018 2.2 4.0 59.9 33.9 100.0
($ million)
2014 91.0 30.3 791.6 231.5 1,144.4
2015 87.3 29.9 784.2 170.4 1,071.8
2016 79.3 33.5 676.9 193.6 983.2
2017 86.3 30.8 637.2 242.1 996.4
2018 88.9 30.3 766.2 222.1 1,107.6
(% change)
2014 1.5 -2.4 -9.6 4.2 -6.1
2015 -4.1 -1.4 -0.9 -26.4 -6.3
2016 -9.2 12.1 -13.7 13.6 -8.3
2017 8.8 -8.0 -5.9 25.1 1.3
2018 3.1 -1.6 20.2 -8.2 11.2
(% total)
2014 8.0 2.6 69.2 20.2 100.0
2015 8.1 2.8 73.2 15.9 100.0
2016 8.1 3.4 68.8 19.7 100.0
2017 8.7 3.1 64.0 24.3 100.0
2018 8.0 2.7 69.2 20.1 100.0
REINSURERS
CAPTIVE INSURERS
Year Cargo Marine Hull Aviation Hull Property Motor EngineeringLiability and
OthersTotal
($ million)
2019 568.0 842.4 176.0 8,264.8 1,651.3 866.2 2,126.1 14,494.8
(% change)
2019
(% total)
2019 3.9 5.8 1.2 57.0 11.4 6.0 14.7 100.0
($ million)
2019 230.0 538.7 56.1 1,830.2 106.1 234.0 859.4 3,854.5
(% change)
2019
(% total)
2019 6.0 14.0 1.5 47.5 2.8 6.1 22.1 100.0
($ million)
2019 238.9 296.6 99.5 5,497.1 1,543.7 632.3 1,007.2 9,315.3
(% change)
2019
(% total)
2019 2.6 3.2 1.1 59.0 16.6 6.8 10.7 100.0
($ million)
2019 99.1 7.1 20.4 937.6 1.4 0.0 259.5 1,325.1
(% change)
2019
(% total)
2019 7.5 0.5 1.5 70.8 0.1 0.0 19.6 100.0
TABLE AG 10
GROSS PREMIUMS OF OFFSHORE INSURANCE FUND BUSINESS BY LINE
INDUSTRY
DIRECT INSURERS
REINSURERS
CAPTIVE INSURERS
Year Cargo Hull and Liability Property Casualty and Others Total
($ million)
2014 341.6 502.3 3,352.4 899.8 5,096.0
2015 286.9 521.7 3,306.5 1,006.3 5,121.4
2016 277.6 450.4 3,552.9 1,003.4 5,284.2
2017 271.4 436.2 3,285.7 1,390.1 5,383.5
2018 390.1 573.6 4,887.5 2,180.8 8,032.1
(% change)
2014 -3.5 -0.4 13.8 4.6 9.3
2015 -16.0 3.9 -1.4 11.8 0.5
2016 -3.2 -13.7 7.5 -0.3 3.2
2017 -2.2 -3.1 -7.5 38.5 1.9
2018 43.7 31.5 48.8 56.9 49.2
(% total)
2014 6.7 9.9 65.8 17.7 100.0
2015 5.6 10.2 64.6 19.6 100.0
2016 5.3 8.5 67.2 19.0 100.0
2017 5.0 8.1 61.0 25.8 100.0
2018 4.9 7.1 60.9 27.2 100.0
($ million)
2014 161.2 348.0 608.1 199.3 1,316.6
2015 135.0 358.5 584.0 287.7 1,365.2
2016 141.9 312.5 678.8 251.6 1,384.8
2017 135.1 284.5 664.5 339.3 1,423.5
2018 156.8 306.9 666.2 371.6 1,501.5
(% change)
2014 4.6 6.7 16.5 -3.2 9.0
2015 -16.3 3.0 -4.0 44.4 3.7
2016 5.1 -12.8 16.2 -12.6 1.4
2017 -4.8 -9.0 -2.1 34.9 2.8
2018 16.1 7.9 0.3 9.5 5.5
(% total)
2014 12.2 26.4 46.2 15.1 100.0
2015 9.9 26.3 42.8 21.1 100.0
2016 10.2 22.6 49.0 18.2 100.0
2017 9.5 20.0 46.7 23.8 100.0
2018 10.4 20.4 44.4 24.7 100.0
TABLE AG 11
NET PREMIUMS OF OFFSHORE INSURANCE FUND BUSINESS BY LINE
INDUSTRY
DIRECT INSURERS
($ million)
2014 95.0 147.2 2,389.6 535.7 3,167.6
2015 70.0 158.0 2,325.4 607.2 3,160.5
2016 65.7 130.0 2,563.7 625.0 3,384.5
2017 63.4 146.6 2,256.1 805.8 3,271.8
2018 152.1 259.6 3,767.4 1,640.4 5,819.4
(% change)
2014 -17.4 -14.4 19.0 5.5 13.0
2015 -26.4 7.3 -2.7 13.3 -0.2
2016 -6.0 -17.7 10.2 2.9 7.1
2017 -3.6 12.7 -12.0 28.9 -3.3
2018 140.0 77.1 67.0 103.6 77.9
(% total)
2014 3.0 4.6 75.4 16.9 100.0
2015 2.2 5.0 73.6 19.2 100.0
2016 1.9 3.8 75.7 18.5 100.0
2017 1.9 4.5 69.0 24.6 100.0
2018 2.6 4.5 64.7 28.2 100.0
($ million)
2014 85.3 7.0 354.7 164.8 611.8
2015 82.0 5.2 397.1 111.4 595.7
2016 69.9 7.8 310.4 126.7 514.8
2017 72.9 5.1 365.1 245.0 688.2
2018 81.2 7.2 454.0 168.7 711.1
(% change)
2014 0.6 8.0 -14.3 12.3 -6.2
2015 -3.9 -25.6 12.0 -32.4 -2.6
2016 -14.7 49.8 -21.8 13.8 -13.6
2017 4.3 -34.2 17.6 93.3 33.7
2018 11.4 39.8 24.3 -31.1 3.3
(% total)
2014 13.9 1.1 58.0 26.9 100.0
2015 13.8 0.9 66.7 18.7 100.0
2016 13.6 1.5 60.3 24.6 100.0
2017 10.6 0.7 53.1 35.6 100.0
2018 11.4 1.0 63.8 23.7 100.0
REINSURERS
CAPTIVE INSURERS
Year Cargo Marine Hull Aviation Hull Property Motor EngineeringLiability and
OthersTotal
($ million)
2019 437.5 561.8 64.3 5,471.0 1,028.7 677.9 1,131.1 9,372.3
(% change)
2019
(% total)
2019 4.7 6.0 0.7 58.4 11.0 7.2 12.0 100.0
($ million)
2019 147.6 286.3 10.8 607.5 79.7 96.7 331.2 1,559.8
(% change)
2019
(% total)
2019 9.5 18.4 0.7 38.9 5.1 6.2 21.2 100.0
($ million)
2019 204.2 269.6 53.5 4,252.9 947.7 581.2 605.3 6,914.4
(% change)
2019
(% total)
2019 3.0 3.9 0.8 61.5 13.7 8.4 8.7 100.0
TABLE AG 11
NET PREMIUMS OF OFFSHORE INSURANCE FUND BUSINESS BY LINE
INDUSTRY
DIRECT INSURERS
REINSURERS
($ million)
2019 85.8 6.0 0.0 610.7 1.3 0.0 194.6 898.4
(% change)
2019
(% total)
2019 9.5 0.7 0.0 68.0 0.1 0.0 21.7 100.0
CAPTIVE INSURERS
Year Cargo Hull and Liability Property Casualty and Others Total
2014 75.3 58.6 63.5 67.9 64.4
2015 66.7 54.9 57.4 54.1 56.9
2016 71.7 53.8 59.3 60.9 59.6
2017 65.8 54.1 60.1 67.9 61.7
2018 73.8 61.0 65.1 57.7 63.0
2014 74.1 58.3 45.9 51.3 52.1
2015 60.6 55.1 39.8 48.4 46.5
2016 67.8 53.9 40.9 46.9 46.4
2017 63.2 50.5 38.5 47.7 44.3
2018 60.7 53.2 36.9 48.6 44.1
2014 65.6 64.2 75.5 76.0 74.6
2015 58.3 58.6 66.3 55.5 63.3
2016 66.7 58.1 70.1 68.1 69.1
2017 56.3 68.9 72.8 73.7 72.4
2018 83.8 77.9 76.4 58.7 70.6
2014 93.7 23.2 44.8 71.2 53.5
2015 93.9 17.5 50.6 65.4 55.6
2016 88.2 23.3 45.9 65.5 52.4
2017 84.5 16.7 57.3 101.2 69.1
2018 91.3 23.7 59.2 75.9 64.2
CAPTIVE INSURERS
TABLE AG 12
RETENTION RATIOS OF OFFSHORE INSURANCE FUND BUSINESS BY LINE
(%)
INDUSTRY
DIRECT INSURERS
REINSURERS
Year Cargo Marine Hull Aviation Hull Property Motor EngineeringLiability and
OthersTotal
2019 77.0 66.7 36.5 66.2 62.3 78.3 53.2 64.7
2019 64.2 53.1 19.3 33.2 75.0 41.3 38.5 40.5
2019 85.5 90.9 53.8 77.4 61.4 91.9 60.1 74.2
2019 86.6 84.2 0.0 65.1 94.5 - 75.0 67.8
CAPTIVE INSURERS
TABLE AG 12
RETENTION RATIOS OF OFFSHORE INSURANCE FUND BUSINESS BY LINE
(%)
INDUSTRY
DIRECT INSURERS
REINSURERS
Year Cargo Hull and Liability Property Casualty and Others Total
2014 58.0 80.9 42.1 68.1 51.7
2015 81.4 68.0 53.9 69.6 60.1
2016 55.1 49.4 68.4 62.0 64.8
2017 32.4 60.7 39.9 53.1 44.4
2018 85.9 79.2 91.5 60.6 82.5
2014 73.6 72.8 68.6 51.4 67.6
2015 98.2 65.4 46.1 59.2 59.0
2016 73.7 45.2 47.9 50.5 50.4
2017 28.2 50.4 61.4 45.3 52.4
2018 79.1 86.9 79.0 65.3 77.5
2014 38.5 95.7 30.3 74.7 41.4
2015 82.8 76.9 63.9 71.1 66.4
2016 16.1 62.1 71.3 68.4 69.3
2017 45.4 83.4 37.8 52.8 43.4
2018 109.8 69.5 96.4 55.7 85.1
2014 53.3 137.5 77.8 67.3 72.5
2015 52.8 -6.1 5.8 80.7 29.9
2016 53.4 -10.5 84.8 55.0 72.6
2017 28.7 39.8 14.8 64.4 32.8
2018 57.5 49.5 69.6 88.9 73.2
CAPTIVE INSURERS
TABLE AG 13
INCURRED LOSS RATIOS OF OFFSHORE INSURANCE FUND BUSINESS BY LINE
(%)
INDUSTRY
DIRECT INSURERS
REINSURERS
Year Cargo Marine Hull Aviation Hull Property Motor EngineeringLiability and
OthersTotal
2019 47.4 74.8 101.0 85.3 78.8 62.3 58.2 77.5
2019 52.6 74.2 22.4 70.2 77.8 109.4 51.6 67.5
2019 37.5 77.4 117.2 93.0 78.7 55.0 66.9 83.8
2019 60.2 0.2 - 44.5 203.0 - 42.8 45.8
CAPTIVE INSURERS
TABLE AG 13
INCURRED LOSS RATIOS OF OFFSHORE INSURANCE FUND BUSINESS BY LINE
(%)
INDUSTRY
DIRECT INSURERS
REINSURERS
YearEarned
Premiums
Net Claims
Incurred
Distribution
Expenses
Management
Expenses
Underwriting
Profit / (Loss)
Net Investment
Income1
Operating Profit
/ (Loss)
($ million)
2015 4,325.8 2,774.1 831.5 636.3 83.9 313.1 397.0
2016 4,803.7 3,071.6 869.6 686.5 176.0 331.1 507.1
2017 4,608.8 2,123.6 955.4 723.8 806.1 47.6 853.7
2018 6,626.0 5,530.4 1,497.0 767.0 -1,168.4 178.3 -990.1
2019 8,005.6 6,465.5 1,707.4 787.1 -954.3 658.5 -295.8
(% change) (% change)
2015 0.4 64.1 19.2 14.7 1.9 -38.4 -69.1
2016 11.0 63.9 18.1 14.3 3.7 5.7 27.7
2017 -4.1 46.1 20.7 15.7 17.5 -85.6 68.3
2018 43.8 83.5 22.6 11.6 -17.6 274.4 -216.0
2019 20.8 80.8 21.3 9.8 -11.9 269.2 -70.1
DIRECT INSURERS
($ million)
2015 1,338.7 790.3 143.1 365.1 40.2 79.8 120.0
2016 1,371.2 691.4 177.2 407.6 95.0 71.9 166.9
2017 1,362.3 714.0 162.6 431.1 54.7 17.8 72.5
2018 1,423.6 1,102.8 133.3 438.0 -250.5 73.7 -176.7
2019 1,497.1 1,010.9 104.4 412.1 -30.3 139.9 109.6
(% change) (% change)
2015 8.4 59.0 10.7 27.3 3.0 5.7 -759.7
2016 2.4 50.4 12.9 29.7 6.9 -9.9 39.1
2017 -0.6 52.4 11.9 31.6 4.0 -75.3 -56.6
2018 4.5 77.5 9.4 30.8 -17.6 314.5 -343.9
2019 5.2 67.5 7.0 27.5 -2.0 89.8 -162.0
REINSURERS
($ million)
2015 2,987.2 1,983.9 688.4 271.2 43.7 233.3 277.0
2016 3,432.5 2,380.2 692.4 278.9 81.0 259.2 340.2
2017 3,246.5 1,409.7 792.8 292.7 751.4 29.8 781.2
2018 5,202.3 4,427.5 1,363.7 329.0 -917.9 104.6 -813.3
2019 6,508.6 5,454.6 1,603.0 375.0 -924.0 518.6 -405.4
(% change) (% change)
2015 -2.9 66.4 23.0 9.1 1.5 -46.0 -78.8
2016 14.9 69.3 20.2 8.1 2.4 11.1 22.8
2017 -5.4 43.4 24.4 9.0 23.1 -88.5 129.6
2018 60.2 85.1 26.2 6.3 -17.6 250.5 -204.1
2019 25.1 83.8 24.6 5.8 -14.2 395.7 -50.2
1 Refer to Table AG 15 for the breakdown, excluding marine mutual insurers
2 Includes direct insurers and reinsurers only.
TABLE AG 14
RESULTS OF OFFSHORE INSURANCE FUND BUSINESS
INDUSTRY 2
(% of Earned Premiums)
(% of Earned Premiums)
(% of Earned Premiums)
YearInterest/Dividend/Rental
Income1
Realised Gains (Losses)
from last reported
value/Write backs (Write-
offs)1
Unrealised Changes from
Last Reported Value1 Expenses
1Net Investment Income
1
2015 242.5 21.3 61.1 11.7 313.3
2016 258.2 32.4 55.1 14.4 331.2
2017 284.2 14.7 -232.9 18.5 47.5
2018 317.4 -29.4 -93.2 16.7 178.2
2019 351.5 63.2 266.6 23.5 657.8
2015 46.3 -0.1 36.6 2.8 80.0
2016 55.0 9.1 12.2 4.2 72.0
2017 63.4 24.0 -63.3 6.5 17.7
2018 79.7 -4.0 1.5 3.6 73.6
2019 101.6 19.0 22.2 3.6 139.2
2015 196.3 21.4 24.5 8.9 233.3
2016 203.2 23.3 42.9 10.2 259.2
2017 220.8 -9.3 -169.7 11.9 29.8
2018 237.8 -25.3 -94.7 13.1 104.6
2019 249.9 44.2 244.4 19.9 518.6
1 Excludes marine mutual Insurers
2 Includes direct insurers and reinsurers only.
TABLE AG 15
NET INVESTMENT INCOME OF OFFSHORE INSURANCE FUNDS
($ million)
INDUSTRY 2
DIRECT INSURERS
REINSURERS
Items 2015 2016 2017 2018 2019
INDUSTRY
($ million)
Assets
Equity Securities 1,913.5 2,608.2 2,293.3 2,878.0 3,221.1
Debt Securities 7,653.6 8,178.0 8,076.6 9,545.0 11,446.5
Cash and Deposits 4,661.2 4,234.4 3,942.4 4,080.8 4,176.2
Loans 2,149.3 2,153.1 1,867.0 2,445.3 3,041.8
Land and Buildings 9.9 6.9 6.6 15.7 15.0
Others 4,767.2 5,009.8 5,176.1 7,788.7 7,791.1
Total Assets 1 21,154.8 22,190.3 21,362.0 26,753.4 29,691.7
Liabilities
Premium Liabilities 1 2,286.7 2,219.0 2,276.1 3,011.4 3,064.5
Claim Liabilities 1 7,559.0 7,941.9 7,337.1 10,273.3 10,210.2
Reinsurance deposits 118.7 89.3 100.4 112.5 177.4
Others 2,264.8 2,444.8 2,383.8 2,853.8 4,425.0
Total Liabilities 1 12,170.1 12,663.6 12,097.4 16,251.0 17,877.1
Other Reserves -483.5
Surplus 8,984.6 9,526.7 9,264.6 10,502.4 9,141.3
% Change in Surplus 9.2 6.0 -2.8 13.4 -13.0
DIRECT INSURERS
($ million)
Assets
Equity Securities 238.0 209.4 60.2 78.0 139.2
Debt Securities 2,169.4 2,358.9 2,745.2 2,943.9 3,872.2
Cash and Deposits 1,793.6 1,990.9 1,808.4 2,059.9 1,939.6
Loans 7.0 7.0 7.0 7.0 7.0
Land and Buildings 0.0 0.0 0.0 9.5 10.1
Others 1,505.5 1,760.6 1,900.8 2,049.1 2,106.6
Total Assets 1 5,713.4 6,326.8 6,521.6 7,147.5 8,074.7
Liabilities
Premium Liabilities 1 760.8 768.6 806.1 875.9 908.5
Claim Liabilities 1 1,796.0 1,853.1 1,916.4 2,261.7 2,344.3
Reinsurance deposits 76.1 65.3 72.9 59.7 70.4
Others 1,441.6 1,705.3 1,767.8 1,996.4 2,460.0
Total Liabilities 1 4,015.4 4,360.9 4,563.1 5,193.6 5,783.2
Other Reserves 59.4
Surplus 1,698.0 1,965.9 1,958.5 1,953.9 2,232.0
TABLE AG 16
ASSETS AND LIABILITIES OF OFFSHORE INSURANCE FUNDS
REINSURERS
($ million)
Assets
Equity Securities 1,546.2 2,263.0 2,134.3 2,684.5 2,943.8
Debt Securities 5,464.7 5,798.6 5,323.6 6,587.4 7,565.4
Cash and Deposits 1,973.2 1,290.0 1,195.5 945.4 1,120.1
Loans 279.9 0.0 0.0 0.0 94.6
Land and Buildings 9.9 6.9 6.6 6.2 4.9
Others 2,789.5 2,647.3 2,464.5 4,800.0 4,680.7
Total Assets 1 12,063.3 12,005.9 11,124.5 15,023.5 16,409.5
Liabilities
Premium Liabilities 1 1,224.8 1,167.8 1,172.7 1,781.2 2,156.0
Claim Liabilities 1 5,066.2 5,428.5 4,803.1 7,181.5 7,865.9
Reinsurance deposits 38.2 19.6 27.6 52.9 107.0
Others 710.8 367.8 514.6 748.3 1,635.1
Total Liabilities 1 7,039.9 6,983.7 6,518.0 9,763.9 11,764.0
Other Reserves -425.4
Surplus 5,023.4 5,022.2 4,606.5 5,259.6 5,071.0
% Change in Surplus 1.4 0.0 -8.3 14.2 -3.6
CAPTIVE INSURERS
($ million)
Assets
Equity Securities 129.4 135.7 98.8 115.4 138.1
Debt Securities 19.6 20.5 7.8 13.7 8.9
Cash and Deposits 894.5 953.5 938.5 1,075.4 1,116.4
Loans 1,862.4 2,146.1 1,860.0 2,438.3 2,940.2
Land and Buildings 0.0 0.0 0.0 0.0 0.0
Others 472.3 601.9 810.8 939.5 1,003.7
Total Assets 1 3,378.0 3,857.7 3,715.8 4,582.4 5,207.3
Liabilities
Premium Liabilities 1 301.1 282.5 297.2 354.4 -
Claim Liabilities 1 696.8 660.4 617.6 830.1 -
Reinsurance deposits 4.4 4.4 0.0 0.0 0.0
Others 112.4 371.7 101.4 109.1 329.8
Total Liabilities 1 1,114.8 1,319.0 1,016.3 1,293.5 329.8
Other Reserves -117.5
Surplus 2,263.3 2,538.7 2,699.6 3,288.9 1,838.4
% Change in Surplus 7.2 12.2 6.3 21.8 -44.1
1 Figures are net of reinsurers' share of policy liabilities
TERRITORY 2015 2016 2017 2018 2019
($ million)
AUSTRALIA/ NEW ZEALAND 1,160.1 756.2 501.7 889.7 988.7
CHINA 741.6 695.8 859.9 2,879.1 3,525.1
HONG KONG 85.6 91.6 118.8 119.4 97.7
INDIA/ PAKISTAN/ SRI LANKA 485.6 804.0 439.0 603.6 499.8
INDONESIA 332.9 268.0 229.5 246.5 274.0
JAPAN 434.3 493.4 459.3 1,132.5 1,527.9
KOREA 376.4 373.5 332.7 567.1 305.2
MALAYSIA 106.6 65.4 52.9 147.8 110.6
MYANMAR 0.1 0.1 0.6 0.4 2.9
PHILIPPINES 190.2 160.2 142.4 162.7 181.0
TAIWAN 84.8 67.1 66.6 72.4 71.6
THAILAND 456.0 486.1 562.9 685.0 661.2
UNITED KINGDOM -1.1 13.4 16.5 20.1 52.5
UNITED STATES 1.5 3.8 15.3 30.8 58.8
VIETNAM 83.2 108.3 165.2 153.0 228.4
OTHERS 577.3 481.8 548.9 575.8 737.1
TOTAL 5,115.2 4,868.7 4,512.2 8,286.1 9,322.4
TERRITORY 2015 2016 2017 2018 2019
(% of Total)
AUSTRALIA/ NEW ZEALAND 22.7 15.5 11.1 10.7 10.6
CHINA 14.5 14.3 19.1 34.7 37.8
HONG KONG 1.7 1.9 2.6 1.4 1.0
INDIA/ PAKISTAN/ SRI LANKA 9.5 16.5 9.7 7.3 5.4
INDONESIA 6.5 5.5 5.1 3.0 2.9
JAPAN 8.5 10.1 10.2 13.7 16.4
KOREA 7.4 7.7 7.4 6.8 3.3
MALAYSIA 2.1 1.3 1.2 1.8 1.2
MYANMAR 0.0 0.0 0.0 0.0 0.0
PHILIPPINES 3.7 3.3 3.2 2.0 1.9
TAIWAN 1.7 1.4 1.5 0.9 0.8
THAILAND 8.9 10.0 12.5 8.3 7.1
UNITED KINGDOM 0.0 0.3 0.4 0.2 0.6
UNITED STATES 0.0 0.1 0.3 0.4 0.6
VIETNAM 1.6 2.2 3.7 1.8 2.5
OTHERS 11.2 9.9 12.0 7.0 7.9
TOTAL 100.0 100.0 100.0 100.0 100.0
AG 17
GROSS PREMIUMS OF OFFSHORE INSURANCE FUND BUSINESS BY TERRITORY
(REINSURERS)
DIRECT INSURERS
($'000)
NON-LINKED INVESTMENT-LINKED NON-LINKED INVESTMENT-LINKED NON-LINKED INVESTMENT-LINKED
AIA SPORE 1,269,047 607,611 3,238,881 467,585 610,286 8,095
AVIVA 293,751 1,823 2,007,948 39,378 304,298 32
AXA INSURANCE 12,149 227,311 404,069 245,119 42,437 3,025
CHINA LIFE 0 0 87,380 0 3 0
CHINA TAIPING 131,597 0 18,981 0 10 0
ETIQA PL 164,783 0 216,235 0 338 0
FRIENDS PROVIDENT 0 44,683 605 82,587 225 0
FWD SINGAPORE 0 0 51,060 0 2,973 0
GEG 0 0 0 0 0 0
GREAT EASTERN LIFE 3,159,279 438,382 4,075,194 298,742 267,911 9,069
HSBC INSURANCE 603,025 933 116,258 154,668 186,565 620
LIFE INSURANCE CORP 8,470 0 3,285 0 0 0
MANULIFE 1,912,662 185,504 1,525,425 606,316 936,033 0
NTUC INCOME 927,330 271,506 2,354,539 45,653 21,979 172
PRUDENTIAL 1,364,626 291,497 3,983,179 542,083 209,384 8,145
QUILTER INTERNATIONAL 0 168,195 0 0 0 523
RAFFLES HEALTH 0 0 82,887 0 32,943 0
SINGAPORE LIFE 126,009 0 12,769 3,213 -73,900 0
ST. JAMES'S PLACE 0 152,100 0 0 0 0
SWISS LIFE 0 152,199 0 0 0 1,034
TOKIO MARINE LIFE 24,239 4,773 731,960 17,808 158,237 47
TRANSAMERICA 90,732 0 10,746 0 108,552 0
UTMOST WORLDWIDE 0 30,100 0 22,269 0 0
ZURICH INTERNATIONAL 0 239 1,520 82,605 666 8
REINSURERS
($'000)
NON-LINKED INVESTMENT-LINKED NON-LINKED INVESTMENT-LINKED NON-LINKED INVESTMENT-LINKED
ALLIANZ SE 0 0 0 0 0 0
ASIA CAPITAL RE 0 0 0 0 0 0
CHINA REINSURANCE 0 0 0 0 0 0
GENERAL RE 0 0 0 0 74 0
MAPFRE RE 0 0 0 0 0 0
MUNICH RE 0 0 0 0 2,688 0 `
PACIFIC LIFE RE 0 0 0 0 0 0
PARTNER RE ASIA 0 0 0 0 7,026 0
RGA INTL 0 0 0 0 93,656 0
SCOR RE AP 0 0 0 0 0 0
SCOR SE 0 0 0 0 3 0
SWISS RE ASIA 0 0 0 0 77,996 0
TABLE L1 : LIFE INSURANCE PROFIT AND LOSS ACCOUNT : INCOME OF SINGAPORE LIFE INSURANCE FUNDS FOR THE YEAR ENDED 31ST DECEMBER
2019 (PART I)
COMPANIES
SINGLE PREMIUMS OTHER PREMIUMS OUTWARD REINSURANCE PREMIUMS
COMPANIES
SINGLE PREMIUMS OTHER PREMIUMS OUTWARD REINSURANCE PREMIUMS
DIRECT INSURERS
($'000)
INTEREST /
DIVIDEND /
RENTAL INCOME
REALISED GAINS
(LOSSES) FROM LAST
REPORTED VALUE /
WRITEBACK (WRITE-
OFFS)
UNREALISED
CHANGES FROM
LAST
REPORTED
VALUE
AIA SPORE 1,470,652 280,616 3,513,949 171,414 102,724
AVIVA 177,174 73,175 706,920 19,503 7,372
AXA INSURANCE 41,782 52,034 290,115 12,190 90,545
CHINA LIFE 9,618 4,373 11,634 913 364
CHINA TAIPING 3,316 -1,204 4,339 226 59
ETIQA PL 31,108 4,525 53,753 3,436 256
FRIENDS PROVIDENT 3,406 16,055 88,214 3,338 2,600
FWD SINGAPORE 935 0 -179 2 1,510
GEG 0 0 0 0 0
GREAT EASTERN LIFE 1,533,478 711,213 3,157,360 112,837 27,488
HSBC INSURANCE 210,446 67,193 677,499 14,837 45,956
LIFE INSURANCE CORP 1,580 35 753 83 0
MANULIFE 311,728 38,965 922,809 33,605 81,812
NTUC INCOME 1,138,196 487,863 1,718,322 81,182 10,100
PRUDENTIAL 791,840 1,328,166 2,732,947 121,149 35,811
QUILTER INTERNATIONAL 8,278 24,790 54,613 20,359 17,794
RAFFLES HEALTH 769 0 0 0 3,667
SINGAPORE LIFE 9,693 287 32,478 300 612
ST. JAMES'S PLACE 7,971 2,483 54,825 524 5,929
SWISS LIFE 0 0 17,136 0 5,244
TOKIO MARINE LIFE 241,103 25,299 618,443 20,114 10,388
TRANSAMERICA 82,952 2,965 225,193 2,385 202
UTMOST WORLDWIDE 659 4,170 26,613 0 4,417
ZURICH INTERNATIONAL 1,528 0 123,060 119 5,392
REINSURERS
($'000)
INTEREST /
DIVIDEND /
RENTAL INCOME
REALISED GAINS
(LOSSES) FROM LAST
REPORTED VALUE /
WRITEBACK (WRITE-
OFFS)
UNREALISED
CHANGES FROM
LAST
REPORTED
VALUE
ALLIANZ SE 0 0 0 0 0
ASIA CAPITAL RE 19 0 14 0 0
CHINA REINSURANCE 0 0 0 0 0
GENERAL RE 853 0 126 24 56
MAPFRE RE 0 0 0 0 0
MUNICH RE 4,164 3,622 678 159 4,391
PACIFIC LIFE RE 1,765 0 3,107 164 1,008
PARTNER RE ASIA 445 12 188 33 272
RGA INTL 746 0 262 36 0
INVESTMENT
EXPENSESOTHER INCOME
COMPANIES
INVESTMENT REVENUE
INVESTMENT
EXPENSESOTHER INCOME
TABLE L1 : LIFE INSURANCE PROFIT AND LOSS ACCOUNT : INCOME OF SINGAPORE LIFE INSURANCE FUNDS FOR THE YEAR
ENDED 31ST DECEMBER 2019 (PART II)
COMPANIES
INVESTMENT REVENUE
DIRECT INSURERS
($'000)
DEATH, TPD AND
CI
MATURITY/
ANTICIPATED
ENDOWMENT
SURRENDERS CASH BONUSES ANNUITIES OTHERS
AIA SPORE 343,668 542,725 1,377,388 321,052 16,331 820,386
AVIVA 155,613 768,497 96,643 0 6,767 659,521
AXA INSURANCE 37,705 33,529 327,973 14,388 0 80,083
CHINA LIFE 930 109 37 0 0 0
CHINA TAIPING 63 0 0 0 0 0
ETIQA PL 2,077 0 5,501 9,696 0 0
FRIENDS PROVIDENT 1,008 0 80,556 0 0 0
FWD SINGAPORE 3,348 0 26 0 0 41,361
GEG 0 0 0 0 0 0
GREAT EASTERN LIFE 368,615 2,405,535 942,336 157,975 33,192 458,222
HSBC INSURANCE 25,569 78,922 317,300 420 2,293 34,393
LIFE INSURANCE CORP 54 2,273 38 0 0 0
MANULIFE 59,465 137,441 693,218 60,447 0 45,856
NTUC INCOME 290,486 864,382 607,855 0 163,546 428,570
PRUDENTIAL 281,548 1,454,385 1,124,771 43,783 39,149 425,730
QUILTER INTERNATIONAL 1,120 0 115,090 0 0 0
RAFFLES HEALTH 582 0 0 2 0 59,829
SINGAPORE LIFE 2,462 0 4,837 0 0 60
ST. JAMES'S PLACE 393 0 23,438 0 0 0
SWISS LIFE 0 0 10,612 0 0 0
TOKIO MARINE LIFE 47,005 133,588 54,716 0 6,358 93,373
TRANSAMERICA 545 0 91,677 0 0 0
UTMOST WORLDWIDE 0 0 29,059 0 0 0
ZURICH INTERNATIONAL 1,434 19,648 106,750 0 0 0
TABLE L2 : LIFE INSURANCE PROFIT AND LOSS ACCOUNT : EXPENDITURE OF SINGAPORE INSURANCE FUNDS FOR THE YEAR
ENDED 31ST DECEMBER 2019 (PART I)
COMPANIES
GROSS CLAIMS
DIRECT INSURERS
($'000)
COMPANIESREINSURANCE
RECOVERIES
MANAGEMENT
EXPENSES
DISTRIBUTION
EXPENSES
INCREASE
(DECREASE) IN
NET POLICY
LIABILITIES
OTHERS
AIA SPORE 460,032 276,052 730,638 5,034,486 246,329
AVIVA 121,804 186,037 227,237 806,741 27,058
AXA INSURANCE 35,561 79,174 159,076 539,807 65,408
CHINA LIFE 0 13,008 11,169 75,053 2,553
CHINA TAIPING 0 18,635 7,322 144,306 1,501
ETIQA PL 200 18,483 38,940 370,356 6,707
FRIENDS PROVIDENT 0 8,205 8,889 133,198 -2,924
FWD SINGAPORE 2,078 27,024 3,055 3,148 3,664
GEG 0 0 0 0 0
GREAT EASTERN LIFE 142,891 243,539 623,091 6,674,378 287,279
HSBC INSURANCE 82,486 50,766 79,244 1,187,478 -6,360
LIFE INSURANCE CORP 0 1,562 61 11,407 61
MANULIFE 78,625 116,472 297,297 3,052,178 119,471
NTUC INCOME 5,874 143,706 157,421 3,928,105 14,656
PRUDENTIAL 112,126 231,238 586,703 5,990,015 184,465
QUILTER INTERNATIONAL 0 3,416 5,570 127,098 223
RAFFLES HEALTH 21,910 9,695 -27 6,130 857
SINGAPORE LIFE 1,368 23,947 16,286 234,820 4,727
ST. JAMES'S PLACE 0 4,802 9,182 187,747 0
SWISS LIFE 0 3,173 3,722 158,732 303
TOKIO MARINE LIFE 123,099 48,941 39,659 1,125,612 14,489
TRANSAMERICA 59,798 7,892 -40,963 107,910 33,087
UTMOST WORLDWIDE 0 4,208 6,168 45,487 2,594
ZURICH INTERNATIONAL 911 4,604 4,494 71,321 1,098
REINSURERS
($'000)
COMPANIESREINSURANCE
RECOVERIES
MANAGEMENT
EXPENSES
DISTRIBUTION
EXPENSES
INCREASE
(DECREASE) IN
NET POLICY
LIABILITIES
OTHERS
ALLIANZ SE 0 0 0 0 0
ASIA CAPITAL RE 0 27 0 0 0
CHINA REINSURANCE 0 0 0 0 0
GENERAL RE 0 2,041 1,357 -869 2,113
MAPFRE RE 0 0 0 0 0
MUNICH RE 393 7,392 315,508 -156,429 8,107
PACIFIC LIFE RE 0 3,462 954 3,882 123
PARTNER RE ASIA 3,496 510 2,498 -719 465
RGA INTL 54,537 3,030 -3,005 2,684 850
SCOR RE AP 0 0 0 0 0
SCOR SE 0 209 1,216 6,505 -13
SWISS RE ASIA 36,988 2,586 3,750 -3,374 1,234
TABLE L2 : LIFE INSURANCE PROFIT AND LOSS ACCOUNT : EXPENDITURE OF SINGAPORE INSURANCE FUNDS FOR
THE YEAR ENDED 31ST DECEMBER 2019 (PART II)
DIRECT INSURERS
($'000)
POLICY
LIABILITIES
OUTSTANDING
CLAIMSOTHERS
EQUITY
SECURITIESDEBT SECURITIES
AIA SPORE 40,622,839 43,728 4,734,054 14,397,995 32,476,021
AVIVA 8,371,714 64,995 626,215 4,349,494 4,607,338
AXA INSURANCE 3,423,045 67,875 359,868 2,736,603 1,024,262
CHINA LIFE 278,001 212 5,344 73,676 197,575
CHINA TAIPING 171,352 0 18,499 13,646 156,021
ETIQA PL 1,041,870 11,575 22,141 137,113 905,588
FRIENDS PROVIDENT 942,533 228 15,554 891,878 4,843
FWD SINGAPORE 38,966 1,112 8,662 0 21,754
GEG 0 0 0 0 0
GREAT EASTERN LIFE 53,500,392 1,536,421 2,547,910 15,500,035 38,205,100
HSBC INSURANCE 6,081,140 24,634 154,284 1,220,511 5,421,282
LIFE INSURANCE CORP 56,363 0 334 0 58,126
MANULIFE 12,466,274 428,759 532,367 6,250,703 6,878,756
NTUC INCOME 34,645,687 131,773 1,379,482 11,251,360 24,018,075
PRUDENTIAL 39,169,485 2,040,310 1,844,513 30,704,743 11,526,243
QUILTER INTERNATIONAL 1,509,559 0 45 1,409,521 18,614
RAFFLES HEALTH 19,134 1,852 8,553 0 0
SINGAPORE LIFE 289,975 792 13,261 24,483 297,702
ST. JAMES'S PLACE 599,463 557 1,880 590,664 9,264
SWISS LIFE 1,149,449 0 3,407 406,669 546,597
TOKIO MARINE LIFE 7,334,920 125,510 536,301 2,504,422 5,418,334
TRANSAMERICA 431,587 0 1,196,464 0 2,161,363
UTMOST WORLDWIDE 201,417 1,935 2,181 193,585 0
ZURICH INTERNATIONAL 774,648 0 6,282 806,177 0
REINSURERS
($'000)
POLICY
LIABILITIES
OUTSTANDING
CLAIMSOTHERS
EQUITY
SECURITIESDEBT SECURITIES
ALLIANZ SE 0 0 0 0 0
ASIA CAPITAL RE 0 0 8 0 0
CHINA REINSURANCE 0 0 0 0 0
GENERAL RE 11,919 500 4,270 0 50,155
MAPFRE RE 0 0 0 0 0
MUNICH RE -197,690 0 295,613 0 147,160
PACIFIC LIFE RE 19,619 297 925 0 74,197
PARTNER RE ASIA 4,841 0 6,879 0 19,407
RGA INTL 16,597 0 19,200 0 28,209
SCOR RE AP 0 0 0 0 0
SCOR SE 16,935 0 75 0 17,698
SWISS RE ASIA 34,822 0 82,247 0 97,401
TABLE L3 : LIFE INSURANCE : ASSETS AND LIABILITIES OF SINGAPORE INSURANCE FUNDS
AS AT 31ST DECEMBER 2019 (PART I)
COMPANIES
LIABILITIES ASSETS
COMPANIES
LIABILITIES ASSETS
DIRECT INSURERS
($'000)
LAND AND
BUILDINGSPOLICY LOANS OTHER LOANS
CASH AND
DEPOSITSOTHERS
AIA SPORE 592,300 347,939 57,000 409,182 2,657,481
AVIVA 0 60,346 0 206,040 649,964
AXA INSURANCE 0 22,295 0 76,856 207,695
CHINA LIFE 0 447 0 71,636 4,474
CHINA TAIPING 0 0 0 41,429 7,887
ETIQA PL 0 1,870 0 81,809 24,763
FRIENDS PROVIDENT 0 0 0 91,935 8,722
FWD SINGAPORE 0 0 0 23,761 61,066
GEG 0 0 0 0 0
GREAT EASTERN LIFE 1,670,400 881,893 628,793 2,008,800 1,904,110
HSBC INSURANCE 0 20,006 0 164,764 116,592
LIFE INSURANCE CORP 0 0 0 3,194 0
MANULIFE 0 89,176 137,117 216,563 5,628,119
NTUC INCOME 1,164,445 581,779 250,695 632,681 599,556
PRUDENTIAL 132,444 548,340 18 718,688 1,611,191
QUILTER INTERNATIONAL 0 7,505 0 146,092 7,727
RAFFLES HEALTH 0 0 0 46,912 30,187
SINGAPORE LIFE 0 0 0 45,895 20,237
ST. JAMES'S PLACE 0 0 0 7,831 213
SWISS LIFE 0 0 0 198,523 4,060
TOKIO MARINE LIFE 123,316 56,998 0 206,549 189,777
TRANSAMERICA 0 42,863 0 2,404 1,855,973
UTMOST WORLDWIDE 339 0 0 25,008 1,029
ZURICH INTERNATIONAL 0 0 0 1,500 22,199
REINSURERS
($'000)
LAND AND
BUILDINGSPOLICY LOANS OTHER LOANS
CASH AND
DEPOSITSOTHERS
ALLIANZ SE 0 0 0 0 0
ASIA CAPITAL RE 0 0 0 1,423 3
CHINA REINSURANCE 0 0 0 0 0
GENERAL RE 0 0 0 3,651 8,875
MAPFRE RE 0 0 0 0 0
MUNICH RE 0 0 0 24,849 570,970
PACIFIC LIFE RE 0 0 0 8,994 5,091
PARTNER RE ASIA 0 0 0 1,757 12,130
RGA INTL 0 0 0 10,258 99,556
SCOR RE AP 0 0 0 0 0
SCOR SE 0 0 0 362 8,738
SWISS RE ASIA 0 0 0 3,151 221,088
TABLE L3 : LIFE INSURANCE : ASSETS AND LIABILITIES OF SINGAPORE INSURANCE FUNDS
AS AT 31ST DECEMBER 2019 (PART II)
COMPANIES
ASSETS
COMPANIES
ASSETS
DIRECT INSURERS
($'000)
NO. OF
POLICIES1 SUM INSURED
SINGLE
PREMIUMS
ANNUAL
PREMIUMS
NO. OF
POLICIES1 SUM INSURED
SINGLE
PREMIUMS
ANNUAL
PREMIUMS
AIA SPORE 63,960 7,688,229 1,217,252 178,496 29,784 893,765 461,401 109,906
AVIVA 14,290 963,995 156,379 107,324 12,274 463,679 141,524 58,241
AXA INSURANCE 16,255 742,666 224,446 59,573 2,257 438,228 13,506 13,785
CHINA LIFE 1 1,038 0 361 128 1,278 0 1,223
CHINA TAIPING 672 92,603 32,248 2,523 2,639 136,228 100,374 17,025
ETIQA PL 1,609 255,563 172,010 5,941 6,170 413,168 0 80,539
FRIENDS PROVIDENT 298 50,123 41,975 6,293 0 0 0 0
FWD SINGAPORE 0 0 0 0 0 0 0 0
GEG 0 0 0 0 0 0 0 0
GREAT EASTERN LIFE 40,152 4,969,446 2,076,758 106,936 65,749 3,098,480 1,563,348 271,367
HSBC INSURANCE 1,543 2,536,312 538,753 21,961 2,208 93,711 49,548 8,021
LIFE INSURANCE CORP 0 0 0 0 135 8,890 8,770 60
MANULIFE 32,506 6,743,136 1,635,574 467,802 33,456 701,094 324,562 335,837
NTUC INCOME 14,442 1,550,495 523,007 43,499 28,394 1,462,576 679,038 165,163
PRUDENTIAL 33,588 3,733,590 856,349 94,094 74,529 3,903,268 761,928 501,872
QUILTER INTERNATIONAL 228 166,511 168,195 0 0 0 0 0
RAFFLES HEALTH 0 0 0 0 0 0 0 0
SINGAPORE LIFE 21 285,863 102,744 0 962 25,790 23,697 0
ST. JAMES'S PLACE 488 156,651 152,100 0 0 0 0 0
SWISS LIFE 15 197,075 152,199 0 0 0 0 0
TOKIO MARINE LIFE 3,975 183,137 4,774 66,727 1,595 117,662 24,556 19,349
TRANSAMERICA 41 465,558 90,509 1,506 0 0 0 0
UTMOST WORLDWIDE 245 31,036 30,062 3,770 0 0 0 0
ZURICH INTERNATIONAL 0 0 0 0 0 0 239 9,466
TABLE L4 : INDIVIDUAL LIFE INSURANCE : NEW POLICIES ISSUED OF SINGAPORE INSURANCE FUNDS
DURING THE YEAR ENDED 31ST DECEMBER 2019 (PART I)
COMPANIES
POLICIES OTHER THAN ANNUITIES
WHOLE LIFE INSURANCE ENDOWMENT INSURANCE
DIRECT INSURERS
($'000)
NO. OF
POLICIES1 SUM INSURED
SINGLE
PREMIUMS
ANNUAL
PREMIUMS
NO. OF
POLICIES1
SINGLE
PREMIUMS
ANNUAL
PREMIUMS
AIA SPORE 12,370 9,506,230 47,904 21,190 177,425 2,230 136,881
AVIVA 28,038 26,561,181 456 69,018 44,587 0 71,021
AXA INSURANCE 4,740 2,318,818 4 9,167 39,694 0 14,607
CHINA LIFE 0 0 0 0 0 0 0
CHINA TAIPING 0 0 0 7 0 0 0
ETIQA PL 203 91,066 0 107 0 56 13
FRIENDS PROVIDENT 2 3,381 0 10 20 0 48
FWD SINGAPORE 4,161 1,105,640 0 2,962 376 0 1,311
GEG 0 0 0 0 0 0 0
GREAT EASTERN LIFE 49,886 5,810,625 3 28,228 104,823 0 124,162
HSBC INSURANCE 245 221,298 0 302 0 113 82
LIFE INSURANCE CORP 0 0 0 0 0 0 0
MANULIFE 10,523 6,288,653 28,717 10,609 10,249 2 2,578
NTUC INCOME 37,056 2,551,282 397 11,439 35,900 0 85,442
PRUDENTIAL 10,509 11,337,064 58,993 36,965 164,417 816 150,566
QUILTER INTERNATIONAL 0 0 0 0 0 0 0
RAFFLES HEALTH 0 0 0 0 2,465 0 4,684
SINGAPORE LIFE 1,966 1,636,505 0 3,950 0 0 0
ST. JAMES'S PLACE 0 0 0 0 0 0 0
SWISS LIFE 0 0 0 0 0 0 0
TOKIO MARINE LIFE 4,045 2,338,794 0 6,294 405 0 175
TRANSAMERICA 2 3,263 0 71 0 0 0
UTMOST WORLDWIDE 0 0 0 0 0 0 0
ZURICH INTERNATIONAL 0 0 0 0 0 0 0
TABLE L4 : INDIVIDUAL LIFE INSURANCE : NEW POLICIES ISSUED OF SINGAPORE INSURANCE FUNDS
DURING THE YEAR ENDED 31ST DECEMBER 2019 (PART II)
COMPANIES
POLICIES OTHER THAN ANNUITIES
TERM INSURANCE ACCIDENT AND HEALTH INSURANCE
DIRECT INSURERS
($'000)
NO. OF
POLICIES1 SUM INSURED
SINGLE
PREMIUMS
ANNUAL
PREMIUMS
NO. OF
POLICIES1
ANNUAL
PAYMENTS
SINGLE
PREMIUMS
ANNUAL
PREMIUMS
AIA SPORE 14,671 2,190,847 0 66,952 0 0 0 0
AVIVA 41,153 0 0 23,829 0 0 0 0
AXA INSURANCE 369 144,414 304 10,966 0 0 0 0
CHINA LIFE 0 0 0 0 2,137 48,813 0 45,283
CHINA TAIPING 0 0 0 0 0 0 0 0
ETIQA PL 0 0 0 0 0 0 0 0
FRIENDS PROVIDENT 0 0 0 0 0 0 0 0
FWD SINGAPORE 0 0 0 0 0 0 0 0
GEG 0 0 0 0 0 0 0 0
GREAT EASTERN LIFE 0 3,422,655 0 11,662 0 0 0 0
HSBC INSURANCE 0 52,352 106 11,150 0 0 0 0
LIFE INSURANCE CORP 0 0 0 0 0 0 0 0
MANULIFE 1 60,258 8,693 7,590 44 0 2,219 635
NTUC INCOME 1 182,396 0 2,230 87 237 5,059 0
PRUDENTIAL 0 0 0 0 0 0 0 0
QUILTER INTERNATIONAL 0 0 0 0 0 0 0 0
RAFFLES HEALTH 0 0 0 0 0 0 0 0
SINGAPORE LIFE 30 292 278 0 0 0 0 0
ST. JAMES'S PLACE 0 0 0 0 0 0 0 0
SWISS LIFE 0 0 0 0 0 0 0 0
TOKIO MARINE LIFE 0 0 0 0 18 133 0 442
TRANSAMERICA 0 0 0 0 0 0 0 0
UTMOST WORLDWIDE 0 0 0 0 0 0 0 0
ZURICH INTERNATIONAL 0 0 0 0 0 0 0 0
Note:
1 "No. of Policies" denotes the actual number of policies
COMPANIES
POLICIES OTHER THAN ANNUITIESANNUITIES
OTHER INSURANCE
TABLE L4 : INDIVIDUAL LIFE INSURANCE : NEW POLICIES ISSUED OF SINGAPORE INSURANCE FUNDS
DURING THE YEAR ENDED 31ST DECEMBER 2019 (PART III)
DIRECT INSURERS
($'000)
NO. OF
POLICIES1
SUM
INSURED
ANNUAL
PREMIUMS
NO. OF
POLICIES1
SUM
INSURED
ANNUAL
PREMIUMS
NO. OF
POLICIES1
SUM
INSURED
ANNUAL
PREMIUMS
NO. OF
POLICIES1
SUM
INSURED
ANNUAL
PREMIUMS
AIA SPORE 2,876 263,883 4,297 16,072 446,010 12,248 47,286 3,619,296 40,182 125,600 14,358,258 98,748
AVIVA 1,271 59,248 2,229 21,170 757,781 57,342 3,328 180,326 9,544 35,140 13,182,507 47,915
AXA INSURANCE 275 26,117 622 867 24,287 1,326 12,354 688,268 21,314 9,768 2,308,117 24,137
CHINA LIFE 8 929 313 0 0 0 5 -21 40 0 0 0
CHINA TAIPING 2 62 10 0 0 0 0 0 0 0 0 0
ETIQA PL 37 2,518 436 0 0 0 159 17,224 940 40 36,677 -6
FRIENDS PROVIDENT 2 233 0 0 0 0 340 45,109 2,476 19 19,990 67
FWD SINGAPORE 5 1,450 1 0 0 0 1 28 0 293 204,213 431
GEG 0 0 0 0 0 0 0 0 0 0 0 0
GREAT EASTERN LIFE 5,831 236,042 5,923 30,447 1,158,544 8,445 27,394 1,784,553 32,062 31,482 3,797,000 17,169
HSBC INSURANCE 90 19,801 333 1,689 71,565 3,734 4,741 499,228 27,704 478 396,359 2,903
LIFE INSURANCE CORP 1 50 0 42 2,102 0 1 40 0 0 0 0
MANULIFE 566 42,674 1,867 3,788 131,232 3,835 12,852 666,995 21,383 10,432 2,686,037 10,355
NTUC INCOME 8,467 176,978 6,130 15,249 524,682 3,844 16,880 832,362 20,962 50,453 2,680,792 28,906
PRUDENTIAL 1,640 142,756 4,315 25,214 853,117 21,144 37,670 2,717,510 40,613 93,544 6,469,413 66,794
QUILTER INTERNATIONAL 3 1,120 0 0 0 0 196 49,264 0 0 0 0
RAFFLES HEALTH 0 0 0 0 0 0 10 0 7 674 0 4,248
SINGAPORE LIFE 4 1,126 16 0 0 0 173 11,438 1,159 521 335,105 1,184
ST. JAMES'S PLACE 1 361 0 0 0 0 84 15,922 0 0 0 0
SWISS LIFE 0 0 0 0 0 0 8 19,552 0 0 0 0
TOKIO MARINE LIFE 247 30,100 926 1,494 59,037 1,222 2,097 283,200 9,172 1,577 574,877 1,987
TRANSAMERICA 1 544 0 0 0 0 86 253,826 680 13 39,357 225
UTMOST WORLDWIDE 1 130 60 0 0 0 131 17,190 717 0 0 0
ZURICH INTERNATIONAL 6 1,191 27 145 1,302 1,349 425 500 3,945 0 0 0
TABLE L5 : INDIVIDUAL LIFE INSURANCE : TERMINATIONS AND TRANSFERS OF POLICIES OF SINGAPORE INSURANCE FUNDS FOR THE YEAR ENDED
31ST DECEMBER 2019 (PART I)
COMPANIES
POLICIES OTHER THAN ANNUITIES
DEATH, TPD AND CI MATURITY SURRENDER EXPIRY
DIRECT INSURERS
($'000)
NO. OF
POLICIES1
SUM
INSURED
ANNUAL
PREMIUMS
NO. OF
POLICIES1
SUM
INSURED
ANNUAL
PREMIUMS
NO. OF
POLICIES1
ANNUAL
PAYMENTS
ANNUAL
PREMIUMS
AIA SPORE 3,865 173,879 8,641 3,924 1,774,066 100,276 76 286 0
AVIVA 2,470 110,644 12,008 0 26 0 46 236 0
AXA INSURANCE 1,579 201,973 5,257 7,504 119,619 6,267 0 0 0
CHINA LIFE 0 0 0 4 -40,266 367 77 1,650 1,587
CHINA TAIPING 0 0 0 24 2,983 532 0 0 0
ETIQA PL 248 12,452 1,941 697 67,391 16,478 0 0 0
FRIENDS PROVIDENT 5 201 68 -9 -155,282 7,838 0 0 0
FWD SINGAPORE 0 0 0 337 127,473 309 0 0 0
GEG 0 0 0 0 0 0 0 0 0
GREAT EASTERN LIFE 2,563 106,908 7,303 67,596 2,546,369 140,527 141 753 0
HSBC INSURANCE 145 11,394 1,527 56 139,199 17,092 6 26 0
LIFE INSURANCE CORP 0 0 0 4 330 0 0 0 0
MANULIFE 3,611 542,703 19,761 3,012 795,791 58,365 141 21,415 32
NTUC INCOME 1,199 58,859 4,200 7,135 560,084 218,289 682 2,897 0
PRUDENTIAL 11,245 467,206 40,978 10,167 1,283,795 212,796 114 525 15
QUILTER INTERNATIONAL 0 0 0 0 -83,768 0 0 0 0
RAFFLES HEALTH 0 0 0 0 0 0 0 0 0
SINGAPORE LIFE 0 0 0 53 84,860 88 0 0 0
ST. JAMES'S PLACE 0 0 0 0 -64,546 0 0 0 0
SWISS LIFE 0 0 0 0 -885 0 0 0 0
TOKIO MARINE LIFE 181 21,555 1,638 214 52,465 76,738 15 63 989
TRANSAMERICA 1 1,359 3 0 -37,670 1,866 0 0 0
UTMOST WORLDWIDE 0 0 0 3 -39,757 3,707 0 0 0
ZURICH INTERNATIONAL 37 34,148 141 0 -623 18,952 0 0 0
Note:
1 "No. of Policies" denotes the actual number of policies
TABLE L5 : INDIVIDUAL LIFE INSURANCE : TERMINATIONS AND TRANSFERS OF POLICIES OF SINGAPORE INSURANCE
FUNDS FOR THE YEAR ENDED 31ST DECEMBER 2019 (PART II)
COMPANIES
POLICIES OTHER THAN ANNUITIESANNUITIES
FORFEITURE OTHERS
DIRECT INSURERS
($'000)
NO. OF
POLICIES1 SUM INSURED
ANNUAL
PREMIUMS
NO. OF
POLICIES1 SUM INSURED
ANNUAL
PREMIUMS
NO. OF
POLICIES1 SUM INSURED
ANNUAL
PREMIUMS
AIA SPORE 1,020,699 93,709,909 1,363,340 313,136 8,573,805 613,388 143,288 58,886,991 149,460
AVIVA 69,719 5,390,425 216,072 159,855 7,006,643 1,001,667 110,511 111,737,763 229,232
AXA INSURANCE 151,901 9,610,880 386,603 27,312 2,803,681 109,179 30,156 11,775,437 37,490
CHINA LIFE 2 6,472 1,275 5,349 223,756 71,178 0 0 0
CHINA TAIPING 666 92,113 2,496 2,622 133,912 16,510 0 0 7
ETIQA PL 2,357 481,036 6,292 22,790 1,482,688 335,626 430 218,767 319
FRIENDS PROVIDENT 6,661 1,071,617 82,968 0 0 0 123 174,342 440
FWD SINGAPORE 0 0 0 3,536 44,957 0 4,902 1,558,264 3,730
GEG 0 0 0 0 0 0 0 0 0
GREAT EASTERN LIFE 707,514 53,689,287 1,000,567 604,638 26,984,662 1,766,503 1,004,086 66,985,642 218,332
HSBC INSURANCE 46,159 17,834,969 182,034 18,196 735,867 62,659 4,438 2,114,976 6,425
LIFE INSURANCE CORP 0 0 0 857 51,007 9,125 0 0 0
MANULIFE 240,849 37,510,909 1,356,315 172,065 5,989,416 1,170,847 45,236 25,675,561 60,351
NTUC INCOME 481,504 28,475,164 676,959 367,013 14,116,338 722,924 1,038,195 62,865,145 160,176
PRUDENTIAL 512,097 66,048,240 1,078,797 836,318 29,984,554 2,529,921 85,835 60,699,619 161,711
QUILTER INTERNATIONAL 2,454 1,773,995 0 0 0 0 0 0 0
RAFFLES HEALTH 0 0 0 0 0 0 0 0 0
SINGAPORE LIFE 1,300 847,853 6,874 2,635 54,826 0 5,804 4,689,640 12,604
ST. JAMES'S PLACE 2,119 617,477 0 0 0 0 0 0 0
SWISS LIFE 117 1,552,392 0 0 0 0 0 0 0
TOKIO MARINE LIFE 119,267 11,743,420 438,131 45,330 2,405,211 135,658 13,778 11,062,693 50,027
TRANSAMERICA 2,367 9,473,904 12,490 0 0 0 264 491,598 1,725
UTMOST WORLDWIDE 1,799 230,662 21,720 0 0 0 0 0 0
ZURICH INTERNATIONAL 25 0 0 6,516 10,011 76,828 361 397,060 1,508
TABLE L6 : INDIVIDUAL LIFE INSURANCE : POLICIES IN FORCE OF SINGAPORE INSURANCE FUNDS AS AT
31ST DECEMBER 2019 (PART I)
COMPANIES
POLICIES OTHER THAN ANNUITIES
WHOLE LIFE INSURANCE ENDOWMENT INSURANCE TERM INSURANCE
DIRECT INSURERS
($'000)
NO. OF
POLICIES1
ANNUAL
PREMIUMS
NO. OF
POLICIES1 SUM INSURED
ANNUAL
PREMIUMS
NO. OF
POLICIES1
ANNUAL
PAYMENTS
ANNUAL
PREMIUMS
AIA SPORE 1,510,671 821,821 86,071 11,217,648 363,862 4,868 16,784 0
AVIVA 579,322 305,159 240,330 0 136,992 1,833 7,016 0
AXA INSURANCE 129,888 69,637 4,924 1,287,509 33,789 0 0 0
CHINA LIFE 0 0 0 0 0 2,060 47,163 43,696
CHINA TAIPING 0 0 0 0 0 0 0 0
ETIQA PL 0 32 0 0 0 0 0 0
FRIENDS PROVIDENT 32 142 0 0 0 0 0 0
FWD SINGAPORE 359 1,261 0 0 0 0 0 0
GEG 0 0 0 0 0 0 0 0
GREAT EASTERN LIFE 1,754,346 674,990 0 15,591,550 121,357 7,619 33,699 0
HSBC INSURANCE 0 707 0 2,233,716 42,854 406 2,342 0
LIFE INSURANCE CORP 0 0 0 0 0 0 0 0
MANULIFE 39,155 15,552 231 1,857,753 23,706 1,462 194,749 1,735
NTUC INCOME 1,231,939 574,095 10,792 1,944,239 12,714 38,973 154,457 0
PRUDENTIAL 1,203,766 860,453 800 104,861 1,945 7,869 42,478 213
QUILTER INTERNATIONAL 0 0 0 0 0 0 0 0
RAFFLES HEALTH 4,720 24,579 0 0 0 0 0 0
SINGAPORE LIFE 0 0 30 292 0 0 0 0
ST. JAMES'S PLACE 0 0 0 0 0 0 0 0
SWISS LIFE 0 0 0 0 0 0 0 0
TOKIO MARINE LIFE 2,681 1,203 0 0 0 1,486 8,257 5,875
TRANSAMERICA 0 0 0 0 47 0 0 0
UTMOST WORLDWIDE 0 0 0 0 0 0 0 0
ZURICH INTERNATIONAL 0 0 0 0 0 0 0 0
Note:
1 "No. of Policies" denotes the actual number of policies
TABLE L6 : INDIVIDUAL LIFE INSURANCE : POLICIES IN FORCE OF SINGAPORE INSURANCE FUNDS AS AT
31ST DECEMBER 2019 (PART II)
COMPANIES
POLICIES OTHER THAN ANNUITIES
ANNUITIESACCIDENT AND HEALTH
POLICIESOTHER INSURANCE
DIRECT INSURERS
('000)
NO. OF
POLICIES1
NO. OF LIVES
COVEREDSUM INSURED
SINGLE
PREMIUMS
ANNUAL
PREMIUMS
NO. OF
POLICIES1
NO. OF LIVES
COVERED
SINGLE
PREMIUMS
ANNUAL
PREMIUMS
AIA SPORE 484 78 11,651,926 0 11,597 1,274 86 0 44,045
AVIVA 347 69 13,979,303 0 12,962 330 17 0 26,331
AXA INSURANCE 143 2 423,725 0 616 40 1 0 1,283
CHINA LIFE 0 0 0 0 0 0 0 0 0
CHINA TAIPING 0 0 0 0 0 0 0 0 0
ETIQA PL 0 0 0 0 0 2 0 0 15
FRIENDS PROVIDENT 0 0 0 0 0 0 0 0 0
FWD SINGAPORE 20 36 3,033,526 0 2,393 78 32 0 9,586
GEG 0 0 0 0 0 0 0 0 0
GREAT EASTERN LIFE 278 32 6,169,688 0 6,179 894 86 1,212 40,705
HSBC INSURANCE 0 0 0 0 0 0 0 0 0
LIFE INSURANCE CORP 0 0 0 0 0 0 0 0 0
MANULIFE 0 0 0 0 0 0 0 0 0
NTUC INCOME 160 23 844,664 0 1,294 2,913 65 0 7,114
PRUDENTIAL 308 12 1,192,196 0 1,068 782 29 0 12,466
QUILTER INTERNATIONAL 0 0 0 0 0 0 0 0 0
RAFFLES HEALTH 8 0 58,795 0 66 56 13 0 14,414
SINGAPORE LIFE 0 0 0 0 0 0 0 0 0
ST. JAMES'S PLACE 0 0 0 0 0 0 0 0 0
SWISS LIFE 0 0 0 0 0 0 0 0 0
TOKIO MARINE LIFE 303 35 3,926,685 0 3,260 0 141 0 30,558
TRANSAMERICA 0 0 0 0 0 0 0 0 0
UTMOST WORLDWIDE 0 0 0 0 0 0 0 0 0
ZURICH INTERNATIONAL 0 0 0 0 0 0 0 0 0
TABLE L7 : GROUP LIFE INSURANCE : NEW POLICIES ISSUED OF SINGAPORE INSURANCE FUNDS DURING
THE YEAR ENDED 31ST DECEMBER 2019 (PART I)
COMPANIES
POLICIES OTHER THAN ANNUITIES
TERM INSURANCE ACCIDENT AND HEALTH
DIRECT INSURERS
('000)
NO. OF
POLICIES1
NO. OF LIVES
COVEREDSUM INSURED
SINGLE
PREMIUMS
ANNUAL
PREMIUMS
NO. OF
POLICIES1
NO. OF LIVES
COVERED
ANNUAL
PAYMENTS
SINGLE
PREMIUMS
ANNUAL
PREMIUMS
AIA SPORE 0 83 5,556,377 0 52,782 0 0 0 0 0
AVIVA 0 50 17,658,591 0 47,029 0 0 0 0 0
AXA INSURANCE 0 14 2,760,817 0 13,864 0 0 0 0 0
CHINA LIFE 0 0 0 0 0 0 0 0 0 0
CHINA TAIPING 0 0 0 0 0 0 0 0 0 0
ETIQA PL 0 0 252 0 9 0 0 0 0 0
FRIENDS PROVIDENT 0 0 0 0 0 0 0 0 0 0
FWD SINGAPORE 8 9 783,838 0 5,601 0 0 0 0 0
GEG 0 0 0 0 0 0 0 0 0 0
GREAT EASTERN LIFE 0 25 3,892,814 0 15,659 0 0 0 0 0
HSBC INSURANCE 0 0 0 0 0 0 0 0 0 0
LIFE INSURANCE CORP 0 0 0 0 0 0 0 0 0 0
MANULIFE 0 3 50,058 0 1,461 0 0 0 0 0
NTUC INCOME 0 24 420,807 0 6,810 0 0 0 0 0
PRUDENTIAL 0 7 423,007 7 15,976 0 0 0 0 0
QUILTER INTERNATIONAL 0 0 0 0 0 0 0 0 0 0
RAFFLES HEALTH 0 15 118,789 0 19,158 0 0 0 0 0
SINGAPORE LIFE 0 0 0 0 0 0 0 0 0 0
ST. JAMES'S PLACE 0 0 0 0 0 0 0 0 0 0
SWISS LIFE 0 0 0 0 0 0 0 0 0 0
TOKIO MARINE LIFE 0 47 772,937 0 11,174 0 0 0 0 0
TRANSAMERICA 0 0 0 0 0 0 0 0 0 0
UTMOST WORLDWIDE 0 0 0 0 0 0 0 0 0 0
ZURICH INTERNATIONAL 0 0 0 0 0 0 0 0 0 0
Note:
1 "No. of Policies" denotes the actual number of policies
COMPANIES
POLICIES OTHER THAN ANNUITIESANNUITIES
OTHER INSURANCE
TABLE L7 : GROUP LIFE INSURANCE : NEW POLICIES ISSUED OF SINGAPORE INSURANCE FUNDS DURING
THE YEAR ENDED 31ST DECEMBER 2019 (PART II)
DIRECT INSURERS
('000)
NO. OF LIVES
INSUREDSUM INSURED
ANNUAL
PREMIUMS
NO. OF
POLICIES1
NO. OF LIVES
INSUREDSUM INSURED
ANNUAL
PREMIUMS
AIA SPORE 0 43,480 65 1,719 176 9,489,830 44,827
AVIVA 0 55,625 63 0 65 12,848,551 20,314
AXA INSURANCE 0 5,677 7 278 14 1,993,552 5,953
CHINA LIFE 0 0 0 0 0 0 0
CHINA TAIPING 0 0 0 0 0 0 0
ETIQA PL 0 0 0 0 0 3,638 3
FRIENDS PROVIDENT 0 0 0 0 0 0 0
FWD SINGAPORE 0 2,795 0 32 29 1,674,406 24,608
GEG 0 0 0 0 0 0 0
GREAT EASTERN LIFE 0 15,419 80 974 38 2,856,523 12,555
HSBC INSURANCE 0 0 0 0 0 0 0
LIFE INSURANCE CORP 0 0 0 0 0 0 0
MANULIFE 0 1,627 81 0 0 0 0
NTUC INCOME 1 32,957 200 2,674 127 7,535,002 19,321
PRUDENTIAL 0 4,179 8 1,058 50 2,132,920 20,546
QUILTER INTERNATIONAL 0 0 0 0 0 0 0
RAFFLES HEALTH 0 635 1 42 2 10,445 3,946
SINGAPORE LIFE 0 0 0 0 0 0 0
ST. JAMES'S PLACE 0 0 0 0 0 0 0
SWISS LIFE 0 0 0 0 0 0 0
TOKIO MARINE LIFE 0 9,173 11 287 55 1,612,047 17,156
TRANSAMERICA 0 0 0 0 0 0 0
UTMOST WORLDWIDE 0 0 0 0 0 0 0
ZURICH INTERNATIONAL 0 0 0 0 0 0 0
TABLE L8 : GROUP LIFE INSURANCE : TERMINATIONS AND TRANSFERS OF POLICIES OF
SINGAPORE INSURANCE FUNDS DURING THE YEAR ENDED 31ST DECEMBER 2019 (PART I)
COMPANIES
POLICIES OTHER THAN ANNUITIES
DEATH, TPD AND CI EXPIRY
DIRECT INSURERS
('000)
NO. OF
POLICIES1
NO. OF LIVES
INSUREDSUM INSURED
ANNUAL
PREMIUMS
NO. OF
POLICIES1
NO. OF LIVES
INSURED
ANNUAL
PAYMENTS
ANNUAL
PREMIUMS
AIA SPORE 0 0 1,665 12 0 0 0 0
AVIVA 526 48 3,030,427 18,233 0 0 0 0
AXA INSURANCE -40 24 3,444,264 15,570 0 0 0 0
CHINA LIFE 0 0 0 0 0 0 0 0
CHINA TAIPING 0 0 0 0 0 0 0 0
ETIQA PL 0 0 1,432 0 0 0 0 0
FRIENDS PROVIDENT 0 0 0 0 0 0 0 0
FWD SINGAPORE 0 0 0 0 0 0 0 0
GEG 0 0 0 0 0 0 0 0
GREAT EASTERN LIFE 0 83 6,336,039 32,289 0 0 0 0
HSBC INSURANCE 0 0 0 0 0 0 0 0
LIFE INSURANCE CORP 0 0 0 0 0 0 0 0
MANULIFE 0 19 74,753 2,968 0 0 0 0
NTUC INCOME 0 0 13,896 378 0 0 0 0
PRUDENTIAL 11 0 600 977 0 0 0 0
QUILTER INTERNATIONAL 0 0 0 0 0 0 0 0
RAFFLES HEALTH 0 3 234,817 10,315 0 0 0 0
SINGAPORE LIFE 0 0 0 0 0 0 0 0
ST. JAMES'S PLACE 0 0 0 0 0 0 0 0
SWISS LIFE 0 0 0 0 0 0 0 0
TOKIO MARINE LIFE 0 2 8,236 474 0 0 0 0
TRANSAMERICA 0 0 0 0 0 0 0 0
UTMOST WORLDWIDE 0 0 0 0 0 0 0 0
ZURICH INTERNATIONAL 0 0 0 0 0 0 0 0
Note:
1 "No. of Policies" denotes the actual number of policies
COMPANIES
POLICIES OTHER THAN ANNUITIESANNUITIES
OTHERS
TABLE L8 : GROUP LIFE INSURANCE : TERMINATIONS AND TRANSFERS OF POLICIES OF SINGAPORE INSURANCE
FUNDS DURING THE YEAR ENDED 31ST DECEMBER 2019 (PART II)
DIRECT INSURERS
('000)
NO. OF
POLICIES1
NO. OF LIVES
INSUREDSUM INSURED
ANNUAL
PREMIUMS
NO. OF
POLICIES1
NO. OF LIVES
INSURED
ANNUAL
PREMIUMS
AIA SPORE 3,597 422 61,321,389 79,593 7,790 734 360,562
AVIVA 1,998 767 131,025,844 92,584 1,490 120 206,745
AXA INSURANCE 900 72 13,154,930 15,300 207 28 47,665
CHINA LIFE 0 0 0 0 0 0 0
CHINA TAIPING 0 0 0 0 0 0 0
ETIQA PL 4 1 87,562 101 2 0 127
FRIENDS PROVIDENT 0 0 0 0 0 0 0
FWD SINGAPORE 52 39 3,849,689 3,364 201 106 46,636
GEG 0 0 0 0 0 0 0
GREAT EASTERN LIFE 1,342 177 26,725,978 31,234 3,632 382 124,921
HSBC INSURANCE 0 0 0 0 0 0 0
LIFE INSURANCE CORP 0 0 0 0 0 0 0
MANULIFE 13 140 452,490 18,764 0 0 0
NTUC INCOME 695 834 12,707,055 31,962 8,695 247 35,588
PRUDENTIAL 828 258 9,762,271 16,037 1,828 87 40,212
QUILTER INTERNATIONAL 0 0 0 0 0 0 0
RAFFLES HEALTH 42 9 644,810 2,792 290 73 57,985
SINGAPORE LIFE 0 0 0 0 0 0 0
ST. JAMES'S PLACE 0 0 0 0 0 0 0
SWISS LIFE 0 0 0 0 0 0 0
TOKIO MARINE LIFE 1,914 111 15,017,411 18,012 0 458 105,644
TRANSAMERICA 0 0 0 0 0 0 0
UTMOST WORLDWIDE 0 0 0 0 0 0 0
ZURICH INTERNATIONAL 0 0 0 0 0 0 0
TABLE L9 : GROUP LIFE INSURANCE : POLICIES IN FORCE OF SINGAPORE INSURANCE FUNDS AS AT 31ST DECEMBER 2019 (PART I)
COMPANIES
POLICIES OTHER THAN ANNUITIES
TERM INSURANCE ACCIDENT AND HEALTH INSURANCE
DIRECT INSURERS
('000)
NO. OF
POLICIES1
NO. OF LIVES
INSUREDSUM INSURED
ANNUAL
PREMIUMS
NO. OF
POLICIES1
NO. OF LIVES
INSURED
ANNUAL
PAYMENTS
ANNUAL
PREMIUMS
AIA SPORE 6 1 15,559 0 0 0 0 0
AVIVA 0 0 25,954,717 34,540 0 0 0 0
AXA INSURANCE 2 0 141,657 1,082 0 0 0 0
CHINA LIFE 0 0 0 0 0 0 0 0
CHINA TAIPING 0 0 0 0 0 0 0 0
ETIQA PL 0 0 0 0 0 0 0 0
FRIENDS PROVIDENT 0 0 0 0 0 0 0 0
FWD SINGAPORE 0 0 0 0 0 0 0 0
GEG 0 0 0 0 0 0 0 0
GREAT EASTERN LIFE 1 0 341 3,673 0 0 0 0
HSBC INSURANCE 0 0 0 0 0 0 0 0
LIFE INSURANCE CORP 0 0 0 0 0 0 0 0
MANULIFE 0 0 0 0 0 0 0 0
NTUC INCOME 0 0 0 0 1 0 234 57
PRUDENTIAL 149 0 8,050 186 0 0 0 0
QUILTER INTERNATIONAL 0 0 0 0 0 0 0 0
RAFFLES HEALTH 0 0 0 0 0 0 0 0
SINGAPORE LIFE 0 0 0 0 0 0 0 0
ST. JAMES'S PLACE 0 0 0 0 0 0 0 0
SWISS LIFE 0 0 0 0 0 0 0 0
TOKIO MARINE LIFE 0 0 0 0 0 0 0 0
TRANSAMERICA 0 0 0 0 0 0 0 0
UTMOST WORLDWIDE 0 0 0 0 0 0 0 0
ZURICH INTERNATIONAL 0 0 0 0 0 0 0 0
Note:
1 "No. of Policies" denotes the actual number of policies
COMPANIES
POLICIES OTHER THAN ANNUITIESANNUITIES
OTHERS
TABLE L9 : GROUP LIFE INSURANCE : POLICIES IN FORCE OF SINGAPORE INSURANCE FUNDS AS AT 31ST DECEMBER 2019 (PART II)
DIRECT INSURERS
($'000)
PRESENT VALUE
STATISTICS
SUM INSURED OFFICE PREMIUMS TOTAL
AIA SPORE 48,072,789 1,396,420 22,842,346
AVIVA 10,567,352 1,144,419 6,805,016
AXA INSURANCE 5,526,305 203,612 1,130,646
CHINA LIFE 61,425 49,106 48,880
CHINA TAIPING 126,485 18,177 44,855
ETIQA PL 1,751,861 327,519 951,699
FRIENDS PROVIDENT 0 0 0
FWD SINGAPORE 0 0 0
GEG 0 0 0
GREAT EASTERN LIFE 54,455,675 2,379,763 38,619,497
HSBC INSURANCE 1,344,751 75,594 633,186
LIFE INSURANCE CORP 0 0 0
MANULIFE 21,419,749 1,456,040 8,781,328
NTUC INCOME 38,417,938 1,355,606 28,508,079
PRUDENTIAL 46,105,714 3,082,098 26,435,297
QUILTER INTERNATIONAL 0 0 0
RAFFLES HEALTH 0 0 0
SINGAPORE LIFE 0 0 0
ST. JAMES'S PLACE 0 0 0
SWISS LIFE 0 0 0
TOKIO MARINE LIFE 13,917,136 551,103 7,030,659
TRANSAMERICA 0 0 0
UTMOST WORLDWIDE 0 0 0
TABLE L10 : LIFE INSURANCE VALUATION RESULTS FOR THE YEAR ENDED 31ST DECEMBER 2019
(PART I) - PARTICIPATING FUNDS (SIF)
COMPANIES
PARTICULARS OF POLICIES VALUATION
ZURICH INTERNATIONAL 0 0 0
DIRECT INSURERS
($'000)
PRESENT VALUE
STATISTICS
SUM INSURED OFFICE PREMIUMS TOTAL
AIA SPORE 264,204,964 1,867,786 9,577,699
AVIVA 337,881,525 1,005,832 994,753
AXA INSURANCE 28,124,854 206,733 139,777
CHINA LIFE 215,965 14,906 229,121
CHINA TAIPING 99,539 836 126,497
ETIQA PL 718,790 14,978 90,170
FRIENDS PROVIDENT 200,212 582 1,302
FWD SINGAPORE 8,920,800 98,219 38,966
GEG 0 0 0
GREAT EASTERN LIFE 138,004,593 1,255,131 11,076,545
HSBC INSURANCE 17,675,338 84,030 4,546,073
LIFE INSURANCE CORP 51,007 9,125 56,363
MANULIFE 48,564,831 539,417 650,611
NTUC INCOME 65,405,901 756,174 3,467,563
PRUDENTIAL 168,405,705 1,083,612 2,064,222
QUILTER INTERNATIONAL 0 0 0
RAFFLES HEALTH 821,710 85,356 19,134
SINGAPORE LIFE 5,457,773 12,604 264,258
ST. JAMES'S PLACE 0 0 0
SWISS LIFE 0 0 0
TOKIO MARINE LIFE 26,421,446 174,977 226,291
TRANSAMERICA 9,965,502 14,262 431,587
UTMOST WORLDWIDE 0 0 0
ZURICH INTERNATIONAL 397,060 1,508 807
TABLE L10 : LIFE INSURANCE VALUATION RESULTS FOR THE YEAR ENDED 31ST DECEMBER 2019
(PART II - NON-PARTICIPATING FUNDS (SIF)
COMPANIES
PARTICULARS OF POLICIES VALUATION
DIRECT INSURERS
($'000)
SUM INSURED OFFICE PREMIUMS TOTAL TOTAL
AIA SPORE 24,905,731 487,818 8,348,399 -146,227
AVIVA 496,833 44,186 567,200 1,863
AXA INSURANCE 6,985,961 290,401 2,404,683 -252,061
CHINA LIFE 0 0 0 0
CHINA TAIPING 0 0 0 0
ETIQA PL 0 0 0 0
FRIENDS PROVIDENT 1,071,617 82,968 950,799 -9,569
FWD SINGAPORE 0 0 0 0
GEG 0 0 0 0
GREAT EASTERN LIFE 11,859,954 306,682 3,795,544 8,807
HSBC INSURANCE 3,901,943 135,056 937,207 -35,325
LIFE INSURANCE CORP 0 0 0 0
MANULIFE 5,428,808 633,048 0 0
NTUC INCOME 3,185,657 42,783 2,448,957 1,122
PRUDENTIAL 27,497,190 524,272 10,666,086 3,880
QUILTER INTERNATIONAL 1,773,995 0 1,537,070 -27,511
RAFFLES HEALTH 0 0 0 0
SINGAPORE LIFE 134,838 6,874 24,482 1,235
ST. JAMES'S PLACE 617,477 0 590,785 8,678
SWISS LIFE 1,552,392 0 1,149,395 54
TOKIO MARINE LIFE 219,759 28,469 67,427 4,208
TRANSAMERICA 0 0 0 0
UTMOST WORLDWIDE 230,662 21,720 204,663 -3,247
ZURICH INTERNATIONAL 10,011 76,828 805,684 -31,844
TABLE L10 : LIFE INSURANCE VALUATION RESULTS FOR THE YEAR ENDED 31ST DECEMBER 2019
(PART III) - INVESTMENT LINKED (SIF)
COMPANIES
PARTICULARS OF POLICIES VALUATION UNIT RESERVES NON-UNIT RESERVES
REINSURERS
($'000)
PRESENT VALUE
STATISTICS
SUM INSURED OFFICE PREMIUMS TOTAL
ALLIANZ SE 0 0 0
ASIA CAPITAL RE 0 0 0
GENERAL RE 0 22,548 11,919
MAPFRE RE 0 0 0
MUNICH RE 88,124,285 143,216 -197,690
PACIFIC LIFE RE 3,642,635 9,203 19,619
PARTNER RE ASIA 4,212,544 6,387 4,841
RGA INTL 18,020,788 21,509 16,597
SCOR RE AP 0 0 0
SCOR SE 13,544,945 12,994 16,935
SWISS RE ASIA 32,614,445 28,629 34,822
COMPANIES
PARTICULARS OF POLICIES VALUATION
TABLE L10 : LIFE INSURANCE VALUATION RESULTS FOR THE YEAR ENDED 31ST DECEMBER 2019
(PART IV) - PROFESSIONAL REINSURER (SIF)
(%)
SUMS INSUREDANNUAL
PREMIUMSFIRST YEAR
1RENEWAL
2
DISTRIBUTION
RELATED
EXPENSE
RATE4
MANAGEMENT
RELATED
EXPENSE RATE5
AIA SPORE 0.2 0.2 9.9 9.1 39.0 5.0 9.2 13.1 4.9 95.8
AVIVA 0.2 0.2 11.0 12.6 48.5 5.1 8.4 9.7 7.9 93.7
AXA INSURANCE 0.1 0.2 -2.6 6.6 40.7 4.5 10.7 17.9 8.9 82.7
CHINA LIFE 0.0 0.0 22.1 1.2 23.4 1.4 - 12.8 14.9 99.7
CHINA TAIPING 953.5 - 94,077.0 - 20.9 - - 4.9 12.4 -
ETIQA PL 0.5 0.3 40.0 24.2 21.9 5.9 0.0 10.2 4.9 97.9
FRIENDS PROVIDENT 0.1 0.1 15.4 -4.7 218.4 2.6 - 7.0 6.4 100.0
FWD SINGAPORE 1.2 0.3 96.2 -6.0 0.0 0.0 6.9 6.0 52.9 86.7
GEG - - - - - - - - - -
GREAT EASTERN LIFE 0.1 0.2 5.7 9.7 28.0 3.0 8.8 7.8 3.1 96.8
HSBC INSURANCE 0.1 0.1 8.3 -3.8 18.7 2.3 - 9.1 5.8 96.8
LIFE INSURANCE CORP 0.2 0.0 14.3 0.7 1.0 0.8 - 0.5 13.3 100.0
MANULIFE 0.2 0.4 15.2 36.5 12.2 4.4 49.6 7.0 2.8 97.5
NTUC INCOME 0.1 0.1 -4.2 0.9 11.3 1.7 6.1 4.4 4.0 97.2
PRUDENTIAL 0.1 0.2 7.5 9.4 21.1 3.2 15.0 9.5 3.7 94.5
QUILTER INTERNATIONAL 0.1 - 12.7 - - - - 3.3 2.0 100.0
RAFFLES HEALTH 0.1 0.3 -7.2 30.2 16.2 11.4 3.9 0.0 11.7 100.0
SINGAPORE LIFE 0.5 0.2 37.2 8.4 48.7 2.9 - 11.5 16.9 59.9
ST. JAMES'S PLACE 0.4 - 49.7 - - - - 6.0 3.2 100.0
SWISS LIFE 0.1 - 13.0 - - - - 2.4 2.1 100.0
TOKIO MARINE LIFE 0.2 0.2 13.2 3.9 27.8 1.3 8.6 5.1 6.3 98.8
TRANSAMERICA 0.0 0.1 2.2 -7.7 31.8 3.7 - -40.4 7.8 95.9
UTMOST WORLDWIDE 0.2 0.2 30.2 -3.2 80.2 14.6 - 11.8 8.0 98.1
ZURICH INTERNATIONAL 0.0 0.1 -8.2 -16.0 - 4.6 - 5.3 5.5 100.0
Notes:
1. First year commission rate = first year commissions as a percentage of first year premiums for the year
2. Renewal commission rate = renewal commissions as a percentage of renewal premiums for the year
3. Group commission rate = group commissions as a percentage of group premiums for the year
4. Distribution related expense rate = distribution expenses as a percentage of gross premiums for the year
5. Management related expense rate = management expenses as a percentage of gross premiums for the year
6. 2-year persistency rate = percentage of premiums in force at end of one year after the year of issue
TABLE L11 : LIFE INSURANCE : SELECTED INDICATOR OF SINGAPORE INSURANCE FUNDS FOR THE YEAR ENDED 31ST DECEMBER 2019
DIRECT INSURERS
NEW SUM
INSURED AS
PERCENTAGE
OF SUMS
INSURED IN
FORCE AT
BEGINNING OF
THE YEAR
NEW ANNUAL
PREMIUMS AS
PERCENTAGE OF
ANNUAL PREMIUMS
IN FORCE AT
BEGINNING OF THE
YEAR
GROWTH RATES OF BUSINESS
IN FORCE
COMMISSION RATE
EXPENSE RATE
AVERAGE 2-
YEAR
PERSISTENCY6
INDIVIDUAL
GROUP3
($'000)
INTEREST / DIVIDEND /
RENTAL INCOME
REALISED GAINS (LOSSES)
FROM LAST REPORTED
VALUE / WRITE-BACKS
(WRITE-OFFS)
UNREALISED CHANGES
FROM LAST REPORTED
VALUE
ACYC 25,177 14,926 140 0 -296 0 883
AETNA 2 0 0 82 0 5 3 30
AETNA S'PORE BRANCH 77,569 582 964 0 56 0 418
AIA SPORE 16,822 205 2,271 550 447 207 2
AIG ASIA 373,843 253,000 11,778 -407 3,798 498 3,310
ALLIANZ GLOBAL C&S 66,347 35,007 3,471 3,431 -1,626 0 536
ALLIED WORLD 63,822 56,092 1,517 -151 1,158 217 4,583
AUTO & GENERAL 12,606 494 52 0 0 0 303
AVIVA 24,510 1,586 598 -447 967 296 13
AXA INSURANCE 328,059 28,526 17,047 5,764 13,864 1,726 1,997
AXIS SPECIALTY 2,919 2,518 489 0 0 0 78
BERKLEY INSURANCE 8,143 1,139 254 65 0 39 51
BERKSHIRE 112,092 90,081 984 0 -408 0 180
CHINA TAIPING 89,458 14,039 5,600 3,986 13,258 1,167 14
CHUBB INS 238,983 125,229 4,583 0 1,898 178 2,479
CIGNA EUROPE 186,015 93,148 2,025 0 905 193 1,700
COFACE 16,912 6,482 2,559 0 1,390 0 1,629
DIRECT ASIA 34,828 12,407 842 0 0 0 747
ECICS LTD 5,515 730 1,222 -8 1,005 107 201
EQ INS 51,274 4,325 2,613 65 1,222 105 370
ERGO 43,126 23,483 1,047 6 -27 34 58
ETIQA PL 56,489 17,568 4,075 423 3,490 362 205
EULER HERMES 21,239 16,207 807 70 232 32 794
FACTORY MUTUAL 49,187 27,161 200 0 -45 0 83
FIRST CAPITAL 253,911 148,175 16,666 5,427 -4,350 55 1,845
FWD SINGAPORE 45,627 32,633 457 0 -53 1 210
GARD (BERMUDA) 1 21,024 13,871 7 0
GARD MARINE 6,972 3,571 1,899 13 -385 11 0
GEG 148,739 74,027 4,697 -64 894 362 44
GREAT AMERICAN 29,256 6,899 1,290 0 270 85 66
HDI GLOBAL 19,422 18,411 195 0 34 0 244
HELVETIA SWISS 468 235 0 0 7 0 39
DIRECT INSURERS GROSS PREMIUMSOUTWARD REINSURANCE
PREMIUMS
INVESTMENT REVENUE
TABLE G1 GENERAL INSURANCE PROFIT & LOSS ACCOUNT: INCOME OF SINGAPORE INSURANCE FUNDS
FOR THE YEAR ENDED 31ST DECEMBER 2019
OTHERSINVESTMENT EXPENSES
HL ASSURANCE 22,307 9,595 37 0 0 0 21
INDIA INTERNATIONAL 65,651 17,447 16,272 736 18,327 216 2,155
JAPAN SHIP OWNERS' 1 16,071 3,197 0 0
LIBERTY INSURANCE 162,015 8,862 5,164 65 551 307 1,300
LIBERTY SPECIALTY SINGAPORE 51,168 29,722 1,653 22 1,678 37 1,768
LLOYD'S ASIA SCHEME 101,134 15,657 995 19 -86 4 986
LONPAC 32,816 12,417 1,668 -3 -2,180 32 245
MSIG 296,615 79,786 14,413 4,944 9,511 2,096 224
NORTH OF ENGLAND P&I 1 21,687 16,562 0 1,327
NTUC INCOME 379,269 23,183 38,418 21,608 20,288 2,521 71
QBE INS 145,313 79,088 2,989 677 -166 227 2,720
REARDON 2 0 0 43 -8 32 9 0
SHIPOWNERS' MUTUAL P&I 32,352 21,365 6 0 0 0 115
SKULD 1 10,394 8,067 0 188
SOMPO INS 133,441 41,839 4,322 22 1,982 245 770
STANDARD CLUB 1 22,831 18,266 5 0
STARR INTERNATIONAL 3,653 2,789 250 0 659 0 0
STEAMSHIP MUTUAL 1 431 308 0 6
SWISS RE INTERNATIONAL 52,106 47,432 641 41 -235 5 304
THE WEST OF ENGLAND 1 5,554 3,737 0 0
TOKIO MARINE INS 171,808 59,999 11,094 498 9,235 602 721
TT CLUB 4,106 3,420 0 0 0 0 0
UK CLUB (EUROPE) 1 11,759 8,755 0 0
UOI 77,625 47,998 6,418 6,351 4,015 664 305
XL INS 54,501 43,745 2,133 0 -85 362 1,674
ZURICH 50,249 43,640 565 31 164 107 4,187
($'000)
INTEREST / DIVIDEND /
RENTAL INCOME
REALISED GAINS (LOSSES)
FROM LAST REPORTED
VALUE / WRITE-BACKS
(WRITE-OFFS)
UNREALISED CHANGES
FROM LAST REPORTED
VALUE
ALLIANZ SE 1,463 46 296 30 431 11 59
ASIA CAPITAL RE 2 17,033 2,639 5,615 -132 7,479 69 775
ASPEN INSURANCE 5,487 4,043 300 0 0 0 1,246
CHINA REINSURANCE 22,696 758 446 0 0 0 24
DAVINCI RE 0 0 0 0 0 0 4
ENDURANCE SPECIALTY 505 158 67 0 0 0 92
EVEREST RE 2,989 0 817 4 492 31 24
REINSURERS GROSS PREMIUMSOUTWARD REINSURANCE
PREMIUMS
INVESTMENT REVENUE
INVESTMENT EXPENSES OTHERS
FIRST COAST 0 0 0 0 0 0 0
GENERAL RE 6,036 1,199 487 67 -28 14 213
IAG RE 0 0 0 0 0 0 0
KOREAN RE 12,789 165 745 0 363 4 30
MANATEE 0 0 0 0 0 0 0
MAPFRE RE 959 173 101 227 42 0 4
MILLI RE 0 0 5 -3 6 0 0
MUNICH RE 19,569 14 2,129 286 471 103 511
ODYSSEY RE 3,285 0 439 57 77 9 0
ORCHARD ILS 0 0 0 0 0 0 0
PARTNER RE ASIA 21,459 10,800 556 -9 234 53 460
RENAISSANCE RE 1,557 1,049 0 0 0 0 48
SAMSUNG RE 808 379 97 0 0 0 0
SCOR RE AP 14,209 1,827 641 92 522 67 7
SINGAPORE RE 50,073 22,650 5,852 844 3,350 121 22
SIRIUS INTERNATIONAL 2,978 2,816 113 -44 16 0 190
SWISS RE ASIA 41,484 17,470 1,265 1,293 677 51 1,382
TOA RE 8,682 108 624 0 310 7 24
TRANSATLANTIC REINSURANCE 880 0 17 0 -5 0 90
VALIDUS RE 0 0 0 0 0 0 0
XL BERMUDA 2,564 262 732 0 -2 52 0
Notes:
1 Figures are in respect of Marine Mutual Insurers' financial years ended 20 Feb 2019 or 31 Mar 2019.
2 On run-off.
($'000)
DIRECT INSURERS GROSS CLAIMSREINSURANCE
RECOVERABLES
MANAGEMENT
EXPENSES
DISTRIBUTION
EXPENSES
INCREASE (DECREASE)
IN POLICY LIABILITIESOTHERS
ACYC 2,843 1,781 5,872 -3,126 3,354 1,966
AETNA 2 183 0 218 0 -939 -55
AETNA S'PORE BRANCH 50,377 1,438 13,886 7,788 5,646 32
AIA SPORE 3,869 0 3,023 6,086 251 1,032
AIG ASIA 233,611 151,337 96,065 -50,458 -16,744 9,059
ALLIANZ GLOBAL C&S 14,836 5,875 25,011 2,556 9,470 705
ALLIED WORLD 25,730 21,055 14,669 -907 -2,797 5,789
AUTO & GENERAL 4,016 0 2,773 0 7,504 0
AVIVA 17,061 110 8,089 1,638 -95 -399
AXA INSURANCE 248,793 21,332 66,482 68,623 -50,962 10,509
AXIS SPECIALTY -98 -73 14 -37 -657 1
BERKLEY INSURANCE 2,003 180 2,342 1,673 2,314 0
BERKSHIRE 50,496 40,407 4,883 3,869 7,300 729
CHINA TAIPING 50,386 7,879 11,986 11,122 2,493 636
CHUBB INS 54,014 29,548 58,113 5,143 11,274 14,587
CIGNA EUROPE 112,655 56,287 24,491 -520 13,201 4,333
COFACE 13,662 5,661 5,589 154 3,339 476
DIRECT ASIA 16,843 6,755 16,047 -1,970 7,398 745
ECICS LTD 6,361 840 3,727 1,615 -530 226
EQ INS 40,020 4,307 8,807 9,530 -2,440 1,076
ERGO 33,122 22,419 11,038 3,901 822 1,966
ETIQA PL 37,527 14,347 8,794 6,024 1,510 4,968
EULER HERMES 4,105 2,909 9,318 -2,428 696 83
FACTORY MUTUAL 3,763 527 -1,584 -1,527 7,212 8,310
FIRST CAPITAL 152,342 62,849 8,197 667 -22,897 9,511
TABLE G2 GENERAL INSURANCE PROFIT & LOSS ACCOUNT: OUTGO OF SINGAPORE INSURANCE FUNDS
FOR THE YEAR ENDED 31ST DECEMBER 2019
FWD SINGAPORE 20,468 14,340 25,953 -7,239 6,251 1,733
GARD (BERMUDA) 1 22,338 11,238 206 447 -5,831 0
GARD MARINE 5,538 2,458 54 894 25,879 -104
GEG 75,730 42,237 19,333 6,628 8,734 3,730
GREAT AMERICAN 25,643 5,268 4,651 3,625 -4,919 1,665
HDI GLOBAL 1,301 1,222 1,554 -713 -705 360
HELVETIA SWISS 0 0 114 8 141 8
HL ASSURANCE 8,428 3,168 7,113 1,666 4,001 460
INDIA INTERNATIONAL 50,489 17,804 4,943 4,860 2,957 7,255
JAPAN SHIP OWNERS' 1 4,850 0 2,430 591 9,504 26
LIBERTY INSURANCE 86,058 4,452 21,760 31,621 4,252 5,386
LIBERTY SPECIALTY SINGAPORE -5,195 -2,410 4,091 3,171 12,569 5,756
LLOYD'S ASIA SCHEME 73,886 16,031 13,648 18,670 25,842 1,784
LONPAC 11,704 2,813 6,691 256 3,210 939
MSIG 126,934 19,900 82,524 32,053 6,023 7,707
NORTH OF ENGLAND P&I 1 23,504 20,865 5,010 1,114 8,318 8
NTUC INCOME 204,824 10,011 63,315 60,162 24,291 5,940
QBE INS 70,789 35,106 24,859 3,245 3,504 5,072
REARDON 2 -106 0 1 0 -14 15
SHIPOWNERS' MUTUAL P&I 42,650 39,407 4,677 4,180 219 98
SKULD 1 6,416 5,490 1,572 725 -773 295
SOMPO INS 67,394 21,117 31,545 17,878 1,161 3,293
STANDARD CLUB 1 8,485 9,998 3,507 1,211 -698 25
STARR INTERNATIONAL 149 90 175 -57 530 101
STEAMSHIP MUTUAL 1 106 54 15 51 48 0
SWISS RE INTERNATIONAL 10,133 7,475 12,034 2,010 -1,727 586
THE WEST OF ENGLAND 1 2,875 2,353 673 768 -26 45
TOKIO MARINE INS 89,029 36,336 18,212 13,310 16,584 5,909
TT CLUB 1,117 1,029 856 -413 -33 80
UK CLUB (EUROPE) 1 7,937 7,143 434 656 2,735 -22
UOI 26,223 17,668 10,423 -8,023 -5,227 7,493
XL INS 17,984 11,391 4,810 1,995 3,010 4,075
ZURICH 14,341 12,053 10,105 -4,625 2,323 1,773
($'000)
REINSURERS GROSS CLAIMSREINSURANCE
RECOVERABLES
MANAGEMENT
EXPENSES
DISTRIBUTION
EXPENSES
INCREASE (DECREASE)
IN POLICY LIABILITIESOTHERS
ALLIANZ SE 238 10 25 378 -1,854 553
ASIA CAPITAL RE 2 24,149 11,030 1,552 4,244 1,952 95
ASPEN INSURANCE 3,829 2,396 660 -384 -195 0
CHINA REINSURANCE 7,674 0 697 7,712 6,047 149
DAVINCI RE 0 0 0 0 0 0
ENDURANCE SPECIALTY 716 111 36 113 -709 0
EVEREST RE 5,064 0 125 843 -2,458 9
FIRST COAST 0 0 0 0 0 0
GENERAL RE -1,380 -276 1,420 1,019 6,634 314
IAG RE 0 0 0 0 0 0
KOREAN RE 7,322 9 397 4,416 -1,263 548
MANATEE 0 0 0 0 0 0
MAPFRE RE 247 -44 38 183 283 21
MILLI RE 0 0 0 0 0 0
MUNICH RE 19,564 0 1,860 5,538 -10,873 675
ODYSSEY RE 3,611 0 91 868 -2,407 55
ORCHARD ILS 0 0 0 0 0 0
PARTNER RE ASIA 18,252 9,036 317 1,741 1,764 -298
RENAISSANCE RE -381 -190 115 -31 580 0
SAMSUNG RE 192 134 46 50 299 40
SCOR RE AP 8,146 2,069 997 2,068 -4,727 1,422
SINGAPORE RE 25,833 12,203 2,349 7,684 -827 1,286
SIRIUS INTERNATIONAL 1,240 1,399 309 519 -392 10
SWISS RE ASIA 10,382 2,087 972 3,250 6,425 1,389
TOA RE 2,267 0 306 3,023 596 4
TRANSATLANTIC REINSURANCE 457 0 87 112 -579 42
VALIDUS RE 0 0 0 0 0 0
XL BERMUDA 867 54 405 424 517 144
Notes:
1 Figures are in respect of Marine Mutual Insurers' financial years ended 20 Feb 2019 or 31 Mar 2019.
2 On run-off.
($'000)
PREMIUM LIABILITIES CLAIM LIABILITIES REINSURANCE DEPOSITS OTHERS
ACYC 3,947 7,693 0 9,506
AETNA 2 0 88 0 105
AETNA S'PORE BRANCH 39,249 11,571 0 10,462
AIA SPORE 6,185 4,003 0 2,469
AIG ASIA 111,570 66,359 99,140 82,232
ALLIANZ GLOBAL C&S 22,652 53,716 1,100 27,511
ALLIED WORLD 7,559 12,848 0 81,227
AUTO & GENERAL 7,881 4,926 0 1,186
AVIVA 15,758 18,169 0 2,177
AXA INSURANCE 133,548 188,788 0 80,892
AXIS SPECIALTY 1,047 1,678 0 7,482
BERKLEY INSURANCE 2,622 9,795 0 4,378
BERKSHIRE 9,014 34,487 0 36,213
CHINA TAIPING 44,049 81,448 339 16,960
CHUBB INS 48,607 91,042 0 79,808
CIGNA EUROPE 35,068 12,991 0 59,349
COFACE 7,126 79,481 0 6,578
DIRECT ASIA 18,131 15,195 0 9,582
ECICS LTD 4,959 12,103 0 10,694
EQ INS 21,766 47,697 0 7,264
ERGO 8,431 13,536 8,706 14,687
ETIQA PL 26,894 29,533 8,514 30,892
EULER HERMES 6,174 5,496 0 7,521
FACTORY MUTUAL 15,828 5,423 0 67,798
FIRST CAPITAL 43,301 205,242 24,062 64,456
FWD SINGAPORE 7,367 6,618 0 21,384
GARD (BERMUDA) 1 -6 12,067 0 7,071
GARD MARINE 1,941 26,580 0 5,778
GEG 50,547 47,020 7,491 79,035
GREAT AMERICAN 11,891 30,682 0 9,896
HDI GLOBAL 786 1,531 0 3,683
HELVETIA SWISS 210 99 0 219
HL ASSURANCE 7,037 5,952 0 6,985
INDIA INTERNATIONAL 20,404 95,574 616 16,139
JAPAN SHIP OWNERS' 1 5,910 15,878 0 11,432
LIBERTY INSURANCE 83,075 73,084 659 48,909
LIBERTY SPECIALTY SINGAPORE 23,129 22,249 0 29,994
LLOYD'S ASIA SCHEME 36,281 130,325 654 142,366
LONPAC 11,924 18,633 0 11,247
MSIG 86,760 164,113 0 70,322
NORTH OF ENGLAND P&I 1 0 15,784 0 29,083
NTUC INCOME 201,069 445,327 4,655 139,695
QBE INS 31,834 59,502 0 38,689
REARDON 2 0 323 0 44
SHIPOWNERS' MUTUAL P&I 4,683 3,817 0 21,282
SKULD 1 704 4,250 0 1,099
SOMPO INS 46,654 56,613 297 29,294
STANDARD CLUB 1 81 2,821 0 7,336
TABLE G3 GENERAL INSURANCE: ASSETS AND LIABILITIES OF SINGAPORE INSURANCE FUNDS
FOR THE YEAR ENDED 31ST DECEMBER 2019 (PART I)
DIRECT INSURERS
LIABILITIES
STARR INTERNATIONAL 343 483 0 2,106
STEAMSHIP MUTUAL 1 14 48 0 397
SWISS RE INTERNATIONAL 8,518 19,934 0 19,871
THE WEST OF ENGLAND 1 9 2,355 0 881
TOKIO MARINE INS 53,935 81,428 2,206 57,639
TT CLUB 74 376 0 2,659
UK CLUB (EUROPE) 1 0 5,278 0 0
UOI 17,864 31,153 2,016 21,977
XL INS 18,582 35,280 0 91,508
ZURICH 7,181 8,368 0 17,066
($'000)
PREMIUM LIABILITIES CLAIM LIABILITIES REINSURANCE DEPOSITS OTHERS
ALLIANZ SE 111 5,392 45 772
ASIA CAPITAL RE 2 7,820 23,972 0 4,196
ASPEN INSURANCE 2,779 6,442 0 15,457
CHINA REINSURANCE 6,842 26,125 0 2,133
DAVINCI RE 0 0 0 22
ENDURANCE SPECIALTY 164 718 0 673
EVEREST RE 390 7,008 0 7,750
FIRST COAST 0 0 0 0
GENERAL RE 5,598 19,558 0 2,181
IAG RE 0 0 0 0
KOREAN RE 4,855 19,027 0 789
MANATEE 0 0 0 0
MAPFRE RE 279 1,663 0 59
MILLI RE 0 0 0 0
MUNICH RE 5,517 48,905 0 1,457
ODYSSEY RE 304 10,500 0 27
ORCHARD ILS 0 0 0 0
PARTNER RE ASIA 5,087 9,115 0 4,330
RENAISSANCE RE 21 1,214 0 849
SAMSUNG RE 869 1,266 0 635
SCOR RE AP 4,727 18,602 0 2,394
SINGAPORE RE 16,105 69,496 549 22,987
SIRIUS INTERNATIONAL 596 1,029 161 7,238
SWISS RE ASIA 8,800 37,560 0 11,628
TOA RE 2,523 13,025 0 298
TRANSATLANTIC REINSURANCE 107 1,205 0 50
VALIDUS RE 0 0 0 0
XL BERMUDA 210 8,295 175 9,271
REINSURERS
LIABILITIES
Notes:
1 Figures are in respect of Marine Mutual Insurers' financial years ended 20 Feb 2019 or 31 Mar 2019.
2 On run-off.
($'000)
EQUITY SECURITIES DEBT SECURITIES LAND AND BUILDINGS LOANS CASH AND DEPOSITS OTHERS
ACYC 0 0 0 0 21,233 15,294
AETNA 2 0 5,002 0 0 1,714 70
AETNA S'PORE BRANCH 0 51,355 0 0 7,074 35,534
AIA SPORE 0 65,265 0 0 1,332 1,080
AIG ASIA 33,252 383,301 0 0 54,740 66,927
ALLIANZ GLOBAL C&S 5,000 126,650 0 0 21,026 31,371
ALLIED WORLD 0 135,253 0 0 4,508 68,041
AUTO & GENERAL 0 0 0 0 14,198 5,087
AVIVA 0 55,518 0 0 1,332 4,059
AXA INSURANCE 56,774 424,655 0 0 57,284 76,240
AXIS SPECIALTY 0 21,476 0 0 6,394 7,055
BERKLEY INSURANCE 0 15,958 0 0 6,444 2,496
BERKSHIRE 0 56,086 0 0 37,002 36,279
CHINA TAIPING 42,455 143,652 110,810 0 36,472 20,031
CHUBB INS 0 234,379 0 0 30,472 165,387
CIGNA EUROPE 0 86,361 0 0 29,269 50,325
COFACE 0 136,146 0 0 9,483 10,997
DIRECT ASIA 0 0 0 0 58,040 7,725
ECICS LTD 6,471 27,350 0 0 9,043 3,157
EQ INS 11,785 22,972 0 0 69,481 10,666
ERGO 0 32,947 0 0 11,370 14,111
ETIQA PL 7,796 100,601 0 0 37,172 15,557
EULER HERMES 0 35,137 0 0 3,865 9,662
FACTORY MUTUAL 0 0 49,085 0 78,952 33,008
TABLE G3 GENERAL INSURANCE: ASSETS AND LIABILITIES OF SINGAPORE INSURANCE FUNDS
FOR THE YEAR ENDED 31ST DECEMBER 2019 (PART II)
DIRECT INSURERS
ASSETS
FIRST CAPITAL 0 128,276 32,430 22,647 619,258 63,255
FWD SINGAPORE 0 5,110 0 0 38,574 130
GARD (BERMUDA) 1 0 16,768 0 0 15,280 3,577
GARD MARINE 0 58,520 0 0 7,095 5,729
GEG 3 178,199 0 0 38,767 20,282
GREAT AMERICAN 0 54,827 0 0 14,319 19,058
HDI GLOBAL 0 9,044 280 0 3,578 3,449
HELVETIA SWISS 0 0 0 0 743 306
HL ASSURANCE 0 0 0 0 17,793 9,306
INDIA INTERNATIONAL 109,242 216,970 29,000 0 144,446 48,293
JAPAN SHIP OWNERS' 1 0 0 0 0 30,225 5,131
LIBERTY INSURANCE 0 188,505 64,000 357 85,569 28,470
LIBERTY SPECIALTY SINGAPORE 0 96,781 0 0 2,796 29,907
LLOYD'S ASIA SCHEME 9,500 17,487 0 0 188,049 79,015
LONPAC 9,878 7,486 12,619 0 48,932 6,575
MSIG 97,525 324,513 0 0 87,631 58,133
NORTH OF ENGLAND P&I 1 0 40,692 0 0 119 23,817
NTUC INCOME 365,295 974,088 0 0 44,532 36,942
QBE INS 0 163,481 0 0 11,935 48,759
REARDON 2 0 1,420 0 0 224 0
SHIPOWNERS' MUTUAL P&I 0 0 3,411 0 20,908 11,731
SKULD 1 0 0 0 0 8,038 1,230
SOMPO INS 0 139,708 0 0 27,781 45,793
STANDARD CLUB 1 0 2,779 0 0 3,300 13,358
STARR INTERNATIONAL 0 8,299 0 0 787 795
STEAMSHIP MUTUAL 1 0 0 0 0 1,335 20
SWISS RE INTERNATIONAL 0 34,207 0 0 6,452 34,115
THE WEST OF ENGLAND 1 0 0 0 0 4,298 1,044
TOKIO MARINE INS 50,774 245,545 67,250 0 36,647 25,631
TT CLUB 0 0 0 0 52 5,042
UK CLUB (EUROPE) 1 0 0 0 0 4,605 2,339
UOI 35,411 151,879 0 0 56,476 13,793
XL INS 0 115,657 0 0 26,803 52,476
ZURICH 2,564 25,247 0 0 2,358 17,122
($'000)
EQUITY SECURITIES DEBT SECURITIES LAND AND BUILDINGS LOANS CASH AND DEPOSITS OTHERS
ALLIANZ SE 0 10,949 0 0 3,933 1,796
ASIA CAPITAL RE 2 10,660 127,250 0 0 3,079 21,720
ASPEN INSURANCE 0 0 0 0 29,589 3,270
CHINA REINSURANCE 0 0 0 0 39,234 11,196
DAVINCI RE 0 0 0 0 516 0
ENDURANCE SPECIALTY 0 0 0 0 6,080 625
EVEREST RE 0 39,569 0 0 1,848 772
FIRST COAST 0 0 0 0 0 0
GENERAL RE 0 27,646 0 0 4,227 7,053
IAG RE 0 0 0 0 0 0
KOREAN RE 0 21,451 0 0 19,665 4,984
MANATEE 0 0 0 0 0 0
MAPFRE RE 0 6,569 0 0 2,964 541
MILLI RE 0 0 0 0 277 0
MUNICH RE 0 63,913 0 0 8,774 18,025
ODYSSEY RE 0 10,815 0 0 9,996 544
ORCHARD ILS 0 0 0 0 0 0
PARTNER RE ASIA 0 28,858 0 0 1,150 11,830
RENAISSANCE RE 0 0 0 0 3,486 432
SAMSUNG RE 0 0 0 0 6,437 595
SCOR RE AP 0 27,751 0 0 1,782 10,469
SINGAPORE RE 30,139 119,383 0 0 40,592 11,758
SIRIUS INTERNATIONAL 0 11,260 0 32 3,733 3,115
SWISS RE ASIA 0 88,899 0 0 2,884 18,739
TOA RE 0 36,165 0 0 1,608 3,015
TRANSATLANTIC REINSURANCE 0 0 0 0 7,778 179
REINSURERS
ASSETS
VALIDUS RE 0 0 0 0 0 0
XL BERMUDA 0 32,931 0 0 4,870 1,045
Notes:
1 Figures are in respect of Marine Mutual Insurers' financial years ended 20 Feb 2019 or 31 Mar 2019.
2 On run-off.
($'000)
CARGO MARINE HULL AVIATION HULL PROPERTY MOTOREMPLOYERS'
LIABILITY
PERSONAL
ACCIDENTHEALTH
PUBLIC LIABILITY/
PRODUCT
LIABILITY
SURETY ENGINEERINGPROFESSIONAL
INDEMNITY
CREDIT/ CREDIT-
RELATEDOTHERS TOTAL
ACYC 0 0 0 0 0 0 0 0 0 0 0 0 25,177 0 25,177
AETNA 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
AETNA S'PORE BRANCH 0 0 0 0 0 0 0 77,569 0 0 0 0 0 0 77,569
AIA SPORE 0 0 0 7,246 0 0 5,845 0 0 2,252 0 0 0 1,480 16,822
AIG ASIA 5,954 1,293 2,891 35,817 156,826 35,715 47,654 29,712 11,702 2,574 917 17,266 1,791 23,731 373,843
ALLIANZ GLOBAL C&S 225 6,256 280 30,144 708 1,096 1,614 3,728 11,870 0 4,782 5,642 0 0 66,347
ALLIED WORLD 3,503 -64 0 10,266 3,940 18,045 6,083 4,988 2,465 4,526 3,062 4,260 -287 3,033 63,822
AUTO & GENERAL 0 0 0 0 12,408 0 197 0 0 0 0 0 0 0 12,606
AVIVA 0 0 0 543 16,313 258 382 0 36 145 0 0 3 6,829 24,510
AXA INSURANCE 12,501 952 0 22,428 132,564 32,301 27,054 73,984 7,551 4,621 8,769 2,685 1,866 784 328,059
AXIS SPECIALTY -7 0 0 1,166 -1,779 193 481 1,204 797 0 0 698 -1,507 1,671 2,919
BERKLEY INSURANCE 123 525 0 782 305 237 97 0 1,196 482 123 3,788 0 486 8,143
BERKSHIRE 927 10,837 0 68,028 958 8,780 7,731 0 1,054 2,293 5,703 5,085 0 696 112,092
CHINA TAIPING 1,827 2,378 0 6,786 38,694 15,403 824 6,717 1,222 13,556 459 116 0 1,478 89,458
CHUBB INS 2,079 984 0 42,606 8,593 13,732 72,833 28,516 17,599 357 2,641 32,325 8,564 8,155 238,983
CIGNA EUROPE 0 0 0 0 0 0 0 186,015 0 0 0 0 0 0 186,015
COFACE 0 0 0 0 0 0 0 0 0 0 0 0 16,912 0 16,912
DIRECT ASIA 0 0 0 0 30,575 0 4,253 0 0 0 0 0 0 0 34,828
ECICS LTD 0 0 0 114 1,666 213 405 1,658 63 1,124 72 0 28 172 5,515
EQ INS 641 176 0 1,753 18,500 10,818 2,584 9,248 1,740 2,771 1,694 212 305 834 51,274
ERGO 1,040 32 0 2,449 18,093 6,393 974 1,092 914 7,870 3,057 888 0 325 43,126
ETIQA PL 779 181 0 11,345 12,309 14,200 3,739 730 2,437 5,163 3,646 0 0 1,960 56,489
EULER HERMES 0 0 0 0 0 0 0 0 0 556 0 0 20,682 0 21,239
FACTORY MUTUAL 0 0 0 49,187 0 0 0 0 0 0 0 0 0 0 49,187
FIRST CAPITAL 6,078 28,547 663 59,220 49,632 26,075 420 36,311 7,626 2,874 15,469 9,252 1,110 10,633 253,911
FWD SINGAPORE 0 0 0 1,277 25,995 0 16,031 21 0 2,289 0 0 0 15 45,627
GARD (BERMUDA) 1 0 21,024 0 0 0 0 0 0 0 0 0 0 0 0 21,024
GARD MARINE 0 6,972 0 0 0 0 0 0 0 0 0 0 0 0 6,972
GEG 2,007 521 0 26,119 15,713 22,517 15,353 7,563 5,522 16,100 6,981 2,954 19,225 8,162 148,739
GREAT AMERICAN 1,538 14,236 0 1,505 2,421 2,635 278 571 831 615 939 3,556 0 129 29,256
HDI GLOBAL 1,784 403 0 8,510 0 0 0 0 4,779 0 3,891 56 0 0 19,422
HELVETIA SWISS 54 134 0 0 0 0 0 0 0 0 280 0 0 0 468
HL ASSURANCE 0 0 0 984 3,917 7,068 5,200 986 922 1,418 1,505 1 0 306 22,307
INDIA INTERNATIONAL 206 5,990 358 5,821 35,099 8,596 111 49 704 832 4,676 2,412 0 798 65,651
JAPAN SHIP OWNERS' 1 0 16,071 0 0 0 0 0 0 0 0 0 0 0 0 16,071
LIBERTY INSURANCE 2,202 115 0 8,472 61,907 19,735 7,185 27,546 4,991 11,886 3,357 1,530 0 13,090 162,015
LIBERTY SPECIALTY SINGAPORE 877 1,959 0 3,817 0 5,949 0 0 4,780 431 413 6,131 10,919 15,892 51,168
LLOYD'S ASIA SCHEME 7,654 24,244 652 8,743 2,005 0 1,092 0 1,200 998 511 12,742 20,535 20,758 101,134
LONPAC 296 33 0 1,045 11,506 5,105 893 521 994 9,621 1,527 114 0 1,161 32,816
MSIG 14,885 13,076 0 42,577 81,174 35,776 46,342 28,797 12,256 682 7,579 6,107 2,103 5,260 296,615
NORTH OF ENGLAND P&I 1 0 21,687 0 0 0 0 0 0 0 0 0 0 0 0 21,687
NTUC INCOME 1,028 1,223 0 18,349 273,521 16,080 47,740 1,044 3,840 8,359 1,437 2,642 982 3,025 379,269
QBE INS 6,519 29,896 3 9,065 8,620 22,608 5,418 14,385 10,680 1,145 5,151 22,113 3,654 6,056 145,313
REARDON 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
DIRECT INSURERS
GROSS PREMIUMS
TABLE G4 GENERAL INSURANCE: PREMIUMS OF SINGAPORE INSURANCE FUNDS FOR THE YEAR ENDED 31ST DECEMBER 2019 (PART I)
SHIPOWNERS' MUTUAL P&I 0 32,352 0 0 0 0 0 0 0 0 0 0 0 0 32,352
SKULD 1 0 10,394 0 0 0 0 0 0 0 0 0 0 0 0 10,394
SOMPO INS 6,349 3,751 0 13,669 34,200 11,707 23,253 23,645 4,024 5,599 2,590 2,143 0 2,511 133,441
STANDARD CLUB 1 0 22,831 0 0 0 0 0 0 0 0 0 0 0 0 22,831
STARR INTERNATIONAL 496 0 0 364 0 0 698 0 79 0 1,149 866 0 0 3,653
STEAMSHIP MUTUAL 1 0 445 0 0 0 0 0 0 0 0 0 0 0 0 445
SWISS RE INTERNATIONAL -5 10,263 129 24,521 0 0 0 0 993 3,191 1,680 4,630 6,096 607 52,106
THE WEST OF ENGLAND 1 0 5,554 0 0 0 0 0 0 0 0 0 0 0 0 5,554
TOKIO MARINE INS 8,296 7,809 0 16,055 55,854 24,375 11,334 13,096 7,807 5,276 9,596 3,204 2,079 7,027 171,808
TT CLUB 0 4,106 0 0 0 0 0 0 0 0 0 0 0 0 4,106
UK CLUB (EUROPE) 1 0 11,759 0 0 0 0 0 0 0 0 0 0 0 0 11,759
UOI 882 557 0 26,879 4,808 4,785 13,851 6,424 2,815 101 1,780 573 5,302 8,867 77,625
XL INS 3,672 -207 938 12,596 0 21 7 0 9,275 0 1,227 7,694 109 19,168 54,501
ZURICH 3,079 373 0 23,044 63 1,638 4,780 0 4,622 31 1,667 6,223 4,299 430 50,249
($'000)
CARGO MARINE HULL AVIATION HULL PROPERTY MOTOREMPLOYERS'
LIABILITY
PERSONAL
ACCIDENTHEALTH
PUBLIC LIABILITY/
PRODUCT
LIABILITY
SURETY ENGINEERINGPROFESSIONAL
INDEMNITY
CREDIT/ CREDIT-
RELATEDOTHERS TOTAL
ALLIANZ SE 16 8 0 587 157 0 52 0 0 0 0 0 0 644 1,463
ASIA CAPITAL RE 2 295 5,058 481 2,054 292 681 16 0 2 2,186 610 0 5,246 111 17,033
ASPEN INSURANCE 0 0 0 576 111 0 0 0 3,402 0 -69 0 1,466 0 5,487
CHINA REINSURANCE 1,607 625 0 12,399 1,891 698 1,307 0 0 0 0 0 0 4,167 22,696
DAVINCI RE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
ENDURANCE SPECIALTY 89 80 0 225 -2 0 0 0 16 97 0 0 0 0 505
EVEREST RE 218 98 0 1,315 15 259 11 0 0 754 259 0 0 60 2,989
FIRST COAST 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
GENERAL RE 53 1,215 0 3,236 194 110 496 0 32 0 565 127 0 9 6,036
IAG RE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
KOREAN RE 542 754 0 6,853 948 434 106 0 35 932 710 0 0 1,474 12,789
MANATEE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
MAPFRE RE 13 17 0 752 26 0 54 0 0 53 43 0 0 0 959
MILLI RE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
MUNICH RE 3,382 440 0 3,832 9,293 341 13 0 -593 694 676 1,532 -202 162 19,569
ODYSSEY RE 0 324 0 1,893 761 0 0 0 0 0 0 0 0 307 3,285
ORCHARD ILS 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
PARTNER RE ASIA 856 -78 0 754 7,029 -13 946 0 399 8,824 42 0 2,375 325 21,459
RENAISSANCE RE 0 125 0 912 0 0 0 0 86 0 434 0 0 0 1,557
SAMSUNG RE 0 25 0 421 0 0 0 0 0 0 0 0 0 361 808
SCOR RE AP 163 51 0 8,728 2,143 0 424 0 0 0 0 0 0 2,699 14,209
SINGAPORE RE 734 3,533 0 14,072 10,976 3,887 2,223 547 0 0 0 0 0 14,101 50,073
SIRIUS INTERNATIONAL 153 2 0 2,116 0 0 0 0 0 0 0 0 0 707 2,978
SWISS RE ASIA 4,668 7,933 0 7,727 6,397 183 4,228 0 4,660 188 2,609 2,891 0 0 41,484
TOA RE 435 122 0 4,191 463 449 154 0 0 0 530 0 0 2,338 8,682
TRANSATLANTIC REINSURANCE 217 25 0 506 0 0 28 0 26 0 0 78 0 0 880
VALIDUS RE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
XL BERMUDA 100 5 0 1,514 427 0 56 46 0 0 28 0 0 387 2,564
REINSURERS
GROSS PREMIUMS
Notes:
1 Figures are in respect of Marine Mutual Insurers' financial years ended 20 Feb 2019 or 31 Mar 2019.
2 On run-off.
($'000)
CARGO MARINE HULL AVIATION HULL PROPERTY MOTOREMPLOYERS'
LIABILITY
PERSONAL
ACCIDENTHEALTH
PUBLIC
LIABILITY/
PRODUCT
LIABILITY
SURETY ENGINEERINGPROFESSIONAL
INDEMNITY
CREDIT/ CREDIT-
RELATEDOTHERS TOTAL
ACYC 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
AETNA 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
AETNA S'PORE BRANCH 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
AIA SPORE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
AIG ASIA 417 668 0 783 0 -5 79 89 0 5 0 209 0 0 2,245
ALLIANZ GLOBAL C&S 133 0 280 16,609 702 37 1,614 3,728 2,264 0 2,378 993 0 0 28,738
ALLIED WORLD 91 -5 0 3,500 0 112 0 0 187 0 2,024 1,698 0 431 8,039
AUTO & GENERAL 0 0 0 0 316 0 5 0 0 0 0 0 0 0 321
AVIVA 0 0 0 33 307 2 2 0 0 0 0 0 0 705 1,050
AXA INSURANCE 3,836 -22 0 2,054 0 295 19 0 469 54 191 182 25 705 7,809
AXIS SPECIALTY 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
BERKLEY INSURANCE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
BERKSHIRE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
CHINA TAIPING 1,158 1,154 0 3,058 458 917 39 21 690 1,640 474 100 0 376 10,085
CHUBB INS 6 0 0 848 0 0 0 0 136 0 0 187 0 0 1,177
CIGNA EUROPE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
COFACE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
DIRECT ASIA 0 0 0 0 6,842 0 1,044 0 0 0 0 0 0 0 7,885
ECICS LTD 0 0 0 50 0 206 14 0 0 0 31 0 17 0 319
EQ INS 172 80 0 302 428 305 46 145 98 157 260 198 9 105 2,306
ERGO 428 5 0 1,525 8,305 3,420 196 392 390 3,396 1,831 448 0 127 20,463
ETIQA PL 132 60 0 750 412 831 94 0 269 1,523 399 0 0 159 4,629
EULER HERMES 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
FACTORY MUTUAL 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
FIRST CAPITAL 1,391 8,614 624 22,301 4,693 2,271 119 421 3,606 691 5,431 2,901 0 559 53,621
FWD SINGAPORE 0 0 0 4 214 0 43 0 0 15 0 0 0 0 276
GARD (BERMUDA) 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
GARD MARINE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
GEG 736 283 0 10,551 648 6,591 1,297 1,502 1,248 7,378 3,681 1,878 10,769 3,194 49,756
GREAT AMERICAN 213 4,290 0 540 118 176 22 1 80 63 300 416 0 11 6,232
HDI GLOBAL 2 0 0 0 0 0 0 0 0 0 0 0 0 0 2
HELVETIA SWISS 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
HL ASSURANCE 0 0 0 140 2,107 3,404 592 0 39 32 332 0 0 10 6,655
INDIA INTERNATIONAL 50 420 0 3,666 5,165 1,448 15 2 275 253 1,957 312 0 1,432 14,996
JAPAN SHIP OWNERS' 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
LIBERTY INSURANCE 130 12 0 60 0 0 0 110 192 4 23 454 0 87 1,073
LIBERTY SPECIALTY SINGAPORE 0 0 0 0 0 0 0 0 1 0 0 11 158 -6 163
LLOYD'S ASIA SCHEME 151 81 -1 211 0 0 9 0 0 0 -106 456 651 1,658 3,110
DIRECT INSURERS
REINSURANCE CEDED IN SINGAPORE
TABLE G4 GENERAL INSURANCE: PREMIUMS OF SINGAPORE INSURANCE FUNDS FOR THE YEAR ENDED 31ST DECEMBER 2019 (PART II)
LONPAC 26 5 0 104 288 190 25 1 72 4,339 210 93 0 688 6,040
MSIG 1,359 129 0 17,661 2,093 2,525 2,770 229 1,183 46 3,518 874 154 837 33,378
NORTH OF ENGLAND P&I 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
NTUC INCOME 477 601 0 6,462 2,460 471 248 0 203 483 878 1,657 436 1,157 15,533
QBE INS 483 520 0 201 26 129 21 1,240 92 656 36 2,314 4 28 5,749
REARDON 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SHIPOWNERS' MUTUAL P&I 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SKULD 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SOMPO INS 685 71 0 2,676 1,714 797 4,360 15,849 253 462 654 697 0 738 28,956
STANDARD CLUB 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
STARR INTERNATIONAL 0 0 0 25 0 0 0 0 0 0 93 76 0 0 194
STEAMSHIP MUTUAL 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SWISS RE INTERNATIONAL 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
THE WEST OF ENGLAND 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
TOKIO MARINE INS 737 2,299 0 6,032 1,200 2,559 360 2,101 1,171 2,879 6,394 1,952 1,024 702 29,409
TT CLUB 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
UK CLUB (EUROPE) 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
UOI 402 96 0 11,402 2,189 1,268 7,319 2,463 2,374 59 1,266 541 4,760 5,160 39,298
XL INS 252 113 0 293 0 0 0 0 -99 0 0 0 0 0 559
ZURICH 0 139 0 462 0 0 0 0 0 0 19 0 0 0 620
($'000)
CARGO MARINE HULL AVIATION HULL PROPERTY MOTOREMPLOYERS'
LIABILITY
PERSONAL
ACCIDENTHEALTH
PUBLIC
LIABILITY/
PRODUCT
LIABILITY
SURETY ENGINEERINGPROFESSIONAL
INDEMNITY
CREDIT/ CREDIT-
RELATEDOTHERS TOTAL
ALLIANZ SE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
ASIA CAPITAL RE 2 23 300 271 292 20 8 0 0 -3 338 60 0 795 3 2,107
ASPEN INSURANCE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
CHINA REINSURANCE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
DAVINCI RE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
ENDURANCE SPECIALTY 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
EVEREST RE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
FIRST COAST 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
GENERAL RE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
IAG RE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
KOREAN RE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
MANATEE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
MAPFRE RE 0 0 0 162 0 0 0 0 0 0 12 0 0 0 173
MILLI RE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
MUNICH RE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
ODYSSEY RE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
ORCHARD ILS 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
PARTNER RE ASIA 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
RENAISSANCE RE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SAMSUNG RE 0 0 0 3 0 0 0 0 0 0 0 0 0 31 35
SCOR RE AP 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
REINSURERS
REINSURANCE CEDED IN SINGAPORE
SINGAPORE RE 144 1,407 0 5,912 2,981 1,032 633 54 0 0 0 0 0 4,084 16,247
SIRIUS INTERNATIONAL 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SWISS RE ASIA 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
TOA RE 0 0 0 26 10 0 0 0 0 0 3 0 0 7 46
TRANSATLANTIC REINSURANCE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
VALIDUS RE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
XL BERMUDA 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
($'000)
CARGO MARINE HULLAVIATION
HULLPROPERTY MOTOR
EMPLOYERS'
LIABILITY
PERSONAL
ACCIDENTHEALTH
PUBLIC
LIABILITY/
PRODUCT
LIABILITY
SURETY ENGINEERINGPROFESSIONA
L INDEMNITY
CREDIT/
CREDIT-
RELATED
OTHERS TOTAL
ACYC 0 0 0 0 0 0 0 0 0 0 0 0 14,926 0 14,926
AETNA 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
AETNA S'PORE BRANCH 0 0 0 0 0 0 0 582 0 0 0 0 0 0 582
AIA SPORE 0 0 0 85 0 0 76 0 0 27 0 0 0 17 205
AIG ASIA 3,902 408 2,891 25,504 102,806 23,559 31,619 19,652 8,222 1,907 660 12,337 1,188 16,100 250,755
ALLIANZ GLOBAL C&S 2 231 0 2,605 0 0 0 0 1,153 0 1,906 372 0 0 6,269
ALLIED WORLD 2,933 -50 0 6,217 3,366 15,272 5,203 4,240 1,977 3,847 888 2,201 -265 2,225 48,053
AUTO & GENERAL 0 0 0 0 170 0 3 0 0 0 0 0 0 0 173
AVIVA 0 0 0 68 65 11 6 0 2 0 0 0 0 384 536
AXA INSURANCE 1,291 98 0 7,904 -12,403 1,054 3,654 11,536 263 3,106 2,387 86 1,502 239 20,717
AXIS SPECIALTY -5 0 0 920 -1,329 146 369 914 623 0 0 610 -1,070 1,339 2,518
BERKLEY INSURANCE 24 271 0 39 29 12 45 0 120 6 7 413 0 174 1,139
BERKSHIRE 745 8,712 0 54,666 770 7,061 6,216 0 848 1,839 4,579 4,087 0 559 90,081
CHINA TAIPING 176 137 0 1,841 187 233 15 0 216 693 323 1 0 133 3,954
CHUBB INS 636 293 0 13,872 103 5,812 47,163 18,368 7,501 310 3,260 12,592 8,564 5,580 124,052
CIGNA EUROPE 0 0 0 0 0 0 0 93,148 0 0 0 0 0 0 93,148
COFACE 0 0 0 0 0 0 0 0 0 0 0 0 6,482 0 6,482
DIRECT ASIA 0 0 0 0 3,924 0 599 0 0 0 0 0 0 0 4,522
ECICS LTD 0 0 0 33 0 69 9 0 0 251 25 0 23 0 411
EQ INS 132 0 0 407 268 163 42 137 27 256 399 10 0 178 2,019
ERGO 236 0 0 341 369 116 422 128 18 812 338 203 0 37 3,020
ETIQA PL 89 15 0 10,190 38 35 82 0 8 446 1,381 0 0 656 12,939
EULER HERMES 0 0 0 0 0 0 0 0 0 407 0 0 15,800 0 16,207
FACTORY MUTUAL 0 0 0 27,161 0 0 0 0 0 0 0 0 0 0 27,161
FIRST CAPITAL 3,581 12,971 6 28,623 13,506 5,251 134 7,144 2,639 654 8,950 2,999 278 7,817 94,553
FWD SINGAPORE 0 0 0 897 18,403 0 11,441 0 0 1,616 0 0 0 0 32,357
GARD (BERMUDA) 1 0 13,871 0 0 0 0 0 0 0 0 0 0 0 0 13,871
GARD MARINE 0 3,571 0 0 0 0 0 0 0 0 0 0 0 0 3,571
GEG 283 104 0 5,304 245 2,878 520 0 106 5,251 1,942 811 6,574 253 24,271
GREAT AMERICAN 93 58 0 247 21 29 2 -3 9 9 153 47 0 1 667
HDI GLOBAL 1,605 398 0 7,902 0 0 0 0 4,607 0 3,836 61 0 0 18,408
HELVETIA SWISS 0 135 0 0 0 0 0 0 0 0 100 0 0 0 235
HL ASSURANCE 0 0 0 482 43 48 1,474 0 17 96 757 0 0 24 2,941
INDIA INTERNATIONAL 2 -103 358 957 211 0 2 0 8 107 405 68 0 436 2,451
JAPAN SHIP OWNERS' 1 0 3,197 0 0 0 0 0 0 0 0 0 0 0 0 3,197
LIBERTY INSURANCE 269 10 0 879 843 273 1,290 1,485 89 869 448 664 0 671 7,789
LIBERTY SPECIALTY SINGAPORE 189 508 0 3,306 0 1,156 0 0 -10 446 264 4,552 6,798 12,351 29,559
DIRECT INSURERS
REINSURANCE CEDED OUTSIDE SINGAPORE
TABLE G4 GENERAL INSURANCE: PREMIUMS OF SINGAPORE INSURANCE FUNDS FOR THE YEAR ENDED 31ST DECEMBER 2019 (PART III)
LLOYD'S ASIA SCHEME 998 2,066 34 755 106 0 6 0 9 0 312 4,537 1,475 2,248 12,547
LONPAC 98 22 0 450 199 126 55 0 54 4,353 922 0 0 98 6,377
MSIG 2,827 12,865 0 10,774 8,381 673 56 496 1,994 0 800 4,398 1,949 1,195 46,408
NORTH OF ENGLAND P&I 1 0 16,562 0 0 0 0 0 0 0 0 0 0 0 0 16,562
NTUC INCOME 149 210 0 3,286 1,648 87 870 0 24 282 404 0 256 433 7,650
QBE INS 300 16,008 3 5,165 4,369 11,512 2,758 6,509 5,597 119 2,691 10,626 2,660 5,021 73,339
REARDON 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SHIPOWNERS' MUTUAL P&I 0 21,365 0 0 0 0 0 0 0 0 0 0 0 0 21,365
SKULD 1 0 8,067 0 0 0 0 0 0 0 0 0 0 0 0 8,067
SOMPO INS 1,137 3,497 0 5,172 0 43 247 0 1,120 0 1,180 5 0 482 12,882
STANDARD CLUB 1 0 18,266 0 0 0 0 0 0 0 0 0 0 0 0 18,266
STARR INTERNATIONAL 485 0 0 374 0 0 7 0 64 0 1,036 629 0 0 2,595
STEAMSHIP MUTUAL 1 0 308 0 0 0 0 0 0 0 0 0 0 0 0 308
SWISS RE INTERNATIONAL -3 9,302 116 22,111 0 0 0 0 894 2,985 1,439 4,350 5,691 546 47,432
THE WEST OF ENGLAND 1 0 3,737 0 0 0 0 0 0 0 0 0 0 0 0 3,737
TOKIO MARINE INS 2,363 5,325 0 6,759 400 191 5,814 41 1,419 2 1,673 999 545 5,059 30,590
TT CLUB 0 3,420 0 0 0 0 0 0 0 0 0 0 0 0 3,420
UK CLUB (EUROPE) 1 0 8,755 0 0 0 0 0 0 0 0 0 0 0 0 8,755
UOI 49 3 0 3,192 36 72 2,148 1,387 121 3 273 25 0 1,391 8,700
XL INS 2,003 -535 664 11,698 0 13 4 0 7,379 0 977 5,835 41 15,107 43,186
ZURICH 2,667 156 0 19,914 63 1,639 3,112 0 4,287 24 1,306 5,199 4,299 354 43,019
($'000)
CARGO MARINE HULLAVIATION
HULLPROPERTY MOTOR
EMPLOYERS'
LIABILITY
PERSONAL
ACCIDENTHEALTH
PUBLIC
LIABILITY/
PRODUCT
LIABILITY
SURETY ENGINEERINGPROFESSIONA
L INDEMNITY
CREDIT/
CREDIT-
RELATED
OTHERS TOTAL
ALLIANZ SE 2 1 0 19 4 0 2 0 0 0 0 0 0 18 46
ASIA CAPITAL RE 2 5 66 55 286 0 0 0 0 0 0 50 0 70 0 531
ASPEN INSURANCE 0 0 0 370 76 2 0 0 2,608 0 -36 0 1,024 0 4,043
CHINA REINSURANCE 0 0 0 758 0 0 0 0 0 0 0 0 0 0 758
DAVINCI RE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
ENDURANCE SPECIALTY 32 47 0 7 0 0 0 0 2 70 0 0 0 0 158
EVEREST RE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
FIRST COAST 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
GENERAL RE 0 158 0 737 39 22 99 0 6 0 110 25 0 2 1,199
IAG RE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
KOREAN RE 0 0 0 165 0 0 0 0 0 0 0 0 0 0 165
MANATEE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
MAPFRE RE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
MILLI RE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
MUNICH RE 0 0 0 7 1 0 0 0 0 0 5 0 0 0 14
ODYSSEY RE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
ORCHARD ILS 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
PARTNER RE ASIA 428 -39 0 447 3,515 -7 473 0 200 4,412 21 0 1,188 163 10,800
RENAISSANCE RE 0 95 0 651 0 0 0 0 63 0 240 0 0 0 1,049
REINSURERS
REINSURANCE CEDED OUTSIDE SINGAPORE
SAMSUNG RE 0 23 0 205 0 0 0 0 0 0 0 0 0 116 344
SCOR RE AP 2 0 0 1,500 8 0 0 0 0 0 0 0 0 317 1,827
SINGAPORE RE 111 743 0 2,329 1,041 291 194 10 0 0 0 0 0 1,683 6,403
SIRIUS INTERNATIONAL 165 3 0 2,191 0 0 0 0 0 0 0 0 0 457 2,816
SWISS RE ASIA 848 1,023 0 2,303 3,318 137 3,339 0 3,481 46 690 2,285 0 0 17,470
TOA RE 10 3 0 28 11 0 0 0 0 0 3 0 0 8 62
TRANSATLANTIC REINSURANCE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
VALIDUS RE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
XL BERMUDA 0 0 0 250 5 0 0 0 0 0 1 0 0 6 262
Notes:
1 Figures are in respect of Marine Mutual Insurers' financial years ended 20 Feb 2019 or 31 Mar 2019.
2 On run-off.
($'000)
CARGO MARINE HULL AVIATION HULL PROPERTY MOTOREMPLOYERS'
LIABILITY
PERSONAL
ACCIDENTHEALTH
PUBLIC
LIABILITY/
PRODUCT
LIABILITY
SURETY ENGINEERINGPROFESSIONAL
INDEMNITY
CREDIT/ CREDIT-
RELATEDOTHERS TOTAL
ACYC 0 0 0 0 0 0 0 0 0 0 0 0 10,251 0 10,251
AETNA 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
AETNA S'PORE BRANCH 0 0 0 0 0 0 0 76,987 0 0 0 0 0 0 76,987
AIA SPORE 0 0 0 7,160 0 0 5,769 0 0 2,225 0 0 0 1,462 16,617
AIG ASIA 1,636 216 0 9,530 54,020 12,161 15,956 9,971 3,481 662 256 4,721 603 7,631 120,843
ALLIANZ GLOBAL C&S 91 6,025 0 10,931 7 1,059 0 0 8,452 0 498 4,277 0 0 31,339
ALLIED WORLD 479 -9 0 550 574 2,661 880 748 301 679 150 360 -22 378 7,730
AUTO & GENERAL 0 0 0 0 11,922 0 190 0 0 0 0 0 0 0 12,112
AVIVA 0 0 0 442 15,941 245 374 0 34 145 0 0 3 5,739 22,924
AXA INSURANCE 7,374 875 0 12,470 144,967 30,951 23,381 62,448 6,819 1,461 6,191 2,417 340 -161 299,532
AXIS SPECIALTY -2 0 0 246 -450 48 112 290 174 0 0 88 -436 332 401
BERKLEY INSURANCE 98 254 0 743 276 225 52 0 1,076 476 116 3,375 0 312 7,003
BERKSHIRE 182 2,126 0 13,362 188 1,719 1,515 0 207 454 1,124 998 0 137 22,011
CHINA TAIPING 492 1,086 0 1,888 38,049 14,253 770 6,696 316 11,223 -338 15 0 969 75,419
CHUBB INS 1,437 691 0 27,887 8,490 7,921 25,670 10,148 9,961 47 -619 19,546 0 2,575 113,754
CIGNA EUROPE 0 0 0 0 0 0 0 92,867 0 0 0 0 0 0 92,867
COFACE 0 0 0 0 0 0 0 0 0 0 0 0 10,430 0 10,430
DIRECT ASIA 0 0 0 0 19,810 0 2,611 0 0 0 0 0 0 0 22,421
ECICS LTD 0 0 0 31 1,666 -62 381 1,658 63 873 16 0 -13 172 4,785
EQ INS 336 96 0 1,043 17,804 10,350 2,497 8,966 1,614 2,358 1,035 4 296 551 46,949
ERGO 376 26 0 582 9,420 2,857 356 573 507 3,661 888 236 0 162 19,644
ETIQA PL 558 106 0 405 11,859 13,333 3,564 730 2,160 3,195 1,867 0 0 1,145 38,921
EULER HERMES 0 0 0 0 0 0 0 0 0 149 0 0 4,882 0 5,031
FACTORY MUTUAL 0 0 0 22,026 0 0 0 0 0 0 0 0 0 0 22,026
FIRST CAPITAL 1,106 6,962 33 8,295 31,433 18,554 167 28,746 1,382 1,529 1,088 3,353 833 2,257 105,736
FWD SINGAPORE 0 0 0 376 7,378 0 4,546 21 0 658 0 0 0 15 12,994
GARD (BERMUDA) 1 0 7,152 0 0 0 0 0 0 0 0 0 0 0 0 7,152
GARD MARINE 0 3,402 0 0 0 0 0 0 0 0 0 0 0 0 3,402
GEG 989 133 0 10,264 14,820 13,048 13,536 6,061 4,168 3,472 1,358 265 1,882 4,716 74,712
GREAT AMERICAN 1,231 9,888 0 717 2,281 2,431 254 573 742 543 486 3,093 0 117 22,358
HDI GLOBAL 177 5 0 608 0 0 0 0 171 0 55 -5 0 0 1,011
HELVETIA SWISS 54 -1 0 0 0 0 0 0 0 0 181 0 0 0 233
HL ASSURANCE 0 0 0 362 1,766 3,617 3,135 986 866 1,290 416 1 0 272 12,711
INDIA INTERNATIONAL 154 5,673 0 1,198 29,723 7,148 94 47 421 471 2,314 2,032 0 -1,070 48,205
JAPAN SHIP OWNERS' 1 0 12,873 0 0 0 0 0 0 0 0 0 0 0 0 12,873
LIBERTY INSURANCE 1,803 94 0 7,533 61,064 19,462 5,895 25,951 4,710 11,012 2,886 411 0 12,332 153,153
LIBERTY SPECIALTY SINGAPORE 688 1,451 0 511 0 4,793 0 0 4,790 -15 150 1,568 3,963 3,547 21,446
LLOYD'S ASIA SCHEME 6,505 22,097 619 7,776 1,899 0 1,077 0 1,191 998 305 7,750 18,409 16,852 85,477
LONPAC 172 6 0 492 11,019 4,789 812 520 869 928 395 21 0 376 20,399
MSIG 10,698 82 0 14,142 70,700 32,579 43,516 28,072 9,079 636 3,261 836 0 3,227 216,829
DIRECT INSURERS
NET PREMIUMS
TABLE G4 GENERAL INSURANCE: PREMIUMS OF SINGAPORE INSURANCE FUNDS FOR THE YEAR ENDED 31ST DECEMBER 2019 (PART IV)
NORTH OF ENGLAND P&I 1 0 5,125 0 0 0 0 0 0 0 0 0 0 0 0 5,125
NTUC INCOME 401 412 0 8,601 269,413 15,521 46,622 1,044 3,613 7,593 155 985 290 1,435 356,086
QBE INS 5,736 13,368 0 3,699 4,224 10,968 2,639 6,636 4,990 370 2,424 9,173 990 1,007 66,225
REARDON 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SHIPOWNERS' MUTUAL P&I 0 10,987 0 0 0 0 0 0 0 0 0 0 0 0 10,987
SKULD 1 0 2,327 0 0 0 0 0 0 0 0 0 0 0 0 2,327
SOMPO INS 4,527 183 0 5,820 32,486 10,868 18,645 7,796 2,652 5,137 756 1,441 0 1,292 91,603
STANDARD CLUB 1 0 4,565 0 0 0 0 0 0 0 0 0 0 0 0 4,565
STARR INTERNATIONAL 11 0 0 -35 0 0 691 0 15 0 20 162 0 0 864
STEAMSHIP MUTUAL 1 0 137 0 0 0 0 0 0 0 0 0 0 0 0 137
SWISS RE INTERNATIONAL -3 961 13 2,410 0 0 0 0 99 206 242 280 405 61 4,674
THE WEST OF ENGLAND 1 0 1,816 0 0 0 0 0 0 0 0 0 0 0 0 1,816
TOKIO MARINE INS 5,196 185 0 3,264 54,254 21,624 5,160 10,954 5,217 2,395 1,529 253 510 1,267 111,809
TT CLUB 0 686 0 0 0 0 0 0 0 0 0 0 0 0 686
UK CLUB (EUROPE) 1 0 3,004 0 0 0 0 0 0 0 0 0 0 0 0 3,004
UOI 431 458 0 12,285 2,584 3,445 4,384 2,574 320 39 242 8 542 2,316 29,627
XL INS 1,418 215 275 605 0 8 3 0 1,995 0 250 1,859 68 4,061 10,756
ZURICH 413 78 0 2,668 0 -1 1,668 0 335 7 342 1,025 0 76 6,609
($'000)
CARGO MARINE HULL AVIATION HULL PROPERTY MOTOREMPLOYERS'
LIABILITY
PERSONAL
ACCIDENTHEALTH
PUBLIC
LIABILITY/
PRODUCT
LIABILITY
SURETY ENGINEERINGPROFESSIONAL
INDEMNITY
CREDIT/ CREDIT-
RELATEDOTHERS TOTAL
ALLIANZ SE 14 7 0 567 153 0 51 0 0 0 0 0 0 625 1,417
ASIA CAPITAL RE 2 267 4,692 156 1,477 272 674 16 0 4 1,848 500 0 4,380 108 14,394
ASPEN INSURANCE 0 0 0 207 35 -2 0 0 794 0 -33 0 443 0 1,443
CHINA REINSURANCE 1,607 625 0 11,641 1,891 698 1,307 0 0 0 0 0 0 4,167 21,938
DAVINCI RE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
ENDURANCE SPECIALTY 58 33 0 218 -2 0 0 0 14 27 0 0 0 0 347
EVEREST RE 218 98 0 1,315 15 259 11 0 0 754 259 0 0 60 2,989
FIRST COAST 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
GENERAL RE 53 1,057 0 2,499 155 88 396 0 26 0 455 101 0 7 4,837
IAG RE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
KOREAN RE 542 754 0 6,689 948 434 106 0 35 932 709 0 0 1,474 12,624
MANATEE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
MAPFRE RE 13 17 0 591 26 0 54 0 0 53 32 0 0 0 786
MILLI RE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
MUNICH RE 3,381 440 0 3,825 9,292 341 13 0 -593 694 671 1,532 -202 162 19,555
ODYSSEY RE 0 324 0 1,893 761 0 0 0 0 0 0 0 0 307 3,285
ORCHARD ILS 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
PARTNER RE ASIA 428 -39 0 307 3,515 -7 473 0 200 4,412 21 0 1,188 163 10,660
RENAISSANCE RE 0 30 0 261 0 0 0 0 22 0 194 0 0 0 508
SAMSUNG RE -1 3 0 213 0 0 0 0 0 0 0 0 0 214 429
SCOR RE AP 161 52 0 7,228 2,135 0 424 0 0 0 0 0 0 2,383 12,382
SINGAPORE RE 479 1,384 0 5,830 6,954 2,564 1,397 482 0 0 0 0 0 8,334 27,423
SIRIUS INTERNATIONAL -12 0 0 -75 0 0 0 0 0 0 0 0 0 250 163
SWISS RE ASIA 3,820 6,910 0 5,424 3,079 46 890 0 1,179 142 1,918 606 0 0 24,013
TOA RE 425 118 0 4,138 443 448 154 0 0 0 525 0 0 2,322 8,573
REINSURERS
NET PREMIUMS
TRANSATLANTIC REINSURANCE 217 25 0 506 0 0 28 0 26 0 0 78 0 0 880
VALIDUS RE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
XL BERMUDA 100 5 0 1,265 422 0 56 46 0 0 27 0 0 382 2,303
Notes:
1 Figures are in respect of Marine Mutual Insurers' financial years ended 20 Feb 2019 or 31 Mar 2019.
2 On run-off.
($'000)
DIRECT INSURERS CHANGE IN PREMIUM LIABILITES EARNED PREMIUMS
ACYC 862 9,389
AETNA 2 0 0
AETNA S'PORE BRANCH 7,528 69,458
AIA SPORE 236 16,381
AIG ASIA -541 121,383
ALLIANZ GLOBAL C&S 197 31,142
ALLIED WORLD -28 7,758
AUTO & GENERAL 4,614 7,498
AVIVA -2,001 24,925
AXA INSURANCE -6,137 305,669
AXIS SPECIALTY -740 1,141
BERKLEY INSURANCE 583 6,420
BERKSHIRE 2,025 19,986
CHINA TAIPING -1,057 76,476
CHUBB INS 7,649 106,105
CIGNA EUROPE 9,277 83,590
COFACE 491 9,939
DIRECT ASIA 4,584 17,836
ECICS LTD -1,413 6,198
EQ INS -1,521 48,471
ERGO 1,585 18,058
ETIQA PL 3,727 35,194
EULER HERMES 1,259 3,772
FACTORY MUTUAL 2,819 19,208
FIRST CAPITAL -959 106,695
FWD SINGAPORE 2,444 10,550
GARD (BERMUDA) 1 -6 7,158
GARD MARINE 772 2,630
GEG 8,850 65,862
GREAT AMERICAN -15 22,373
HDI GLOBAL -159 1,171
HELVETIA SWISS 116 118
HL ASSURANCE 1,878 10,833
INDIA INTERNATIONAL -1,620 49,825
JAPAN SHIP OWNERS' 1 1,062 11,811
LIBERTY INSURANCE 6,147 147,006
LIBERTY SPECIALTY SINGAPORE 4,001 17,445
LLOYD'S ASIA SCHEME -3,238 88,715
LONPAC 2,566 17,833
MSIG -2,322 219,150
NORTH OF ENGLAND P&I 1 0 5,125
NTUC INCOME 13,373 342,712
QBE INS 1,289 64,936
REARDON 2 0 0
SHIPOWNERS' MUTUAL P&I -265 11,252
SKULD 1 103 2,224
SOMPO INS 537 91,066
STANDARD CLUB 1 34 4,531
STARR INTERNATIONAL 215 649
TABLE G4 GENERAL INSURANCE: PREMIUMS OF SINGAPORE INSURANCE FUNDS FOR THE YEAR ENDED 31ST
DECEMBER 2019 (PART V)
STEAMSHIP MUTUAL 1 14 123
SWISS RE INTERNATIONAL -7,080 11,754
THE WEST OF ENGLAND 1 9 1,807
TOKIO MARINE INS 3,292 108,517
TT CLUB -3 689
UK CLUB (EUROPE) 1 0 3,004
UOI 171 29,456
XL INS -1,222 11,979
ZURICH 766 5,843
($'000)
REINSURERS CHANGE IN PREMIUM LIABILITES EARNED PREMIUMS
ALLIANZ SE 25 1,391
ASIA CAPITAL RE 2 872 13,522
ASPEN INSURANCE -1,006 2,450
CHINA REINSURANCE 1,592 20,346
DAVINCI RE 0 0
ENDURANCE SPECIALTY -170 518
EVEREST RE -63 3,053
FIRST COAST 0 0
GENERAL RE 4,281 556
IAG RE 0 0
KOREAN RE -353 12,977
MANATEE 0 0
MAPFRE RE -43 829
MILLI RE 0 0
MUNICH RE -1,063 20,618
ODYSSEY RE -59 3,344
ORCHARD ILS 0 0
PARTNER RE ASIA 630 10,030
RENAISSANCE RE -11 519
SAMSUNG RE -111 540
SCOR RE AP -296 12,678
SINGAPORE RE 5,529 21,895
SIRIUS INTERNATIONAL 217 -54
SWISS RE ASIA 4,085 19,928
TOA RE 531 8,042
TRANSATLANTIC REINSURANCE -70 950
VALIDUS RE 0 0
XL BERMUDA -199 2,502
Notes:
1 Figures are in respect of Marine Mutual Insurers' financial years ended 20 Feb 2019 or 31 Mar 2019.
2 On run-off.
($'000)
DIRECT INSURERS EARNED PREMIUMS NET CLAIMS INCURREDMANAGEMENT
EXPENSES
DISTRIBUTION
EXPENSES
UNDERWRITING PROFIT
(LOSS)
NET INVESTMENT
INCOME
OPERATING PROFIT
(LOSS)
ACYC 9,389 3,555 5,872 -3,126 3,088 -156 2,932
AETNA 2 0 -756 218 0 538 84 623
AETNA S'PORE BRANCH 69,458 47,056 13,886 7,788 728 1,020 1,748
AIA SPORE 16,381 3,884 3,023 6,086 3,388 3,062 6,450
AIG ASIA 121,383 66,071 96,065 -50,458 9,706 14,671 24,377
ALLIANZ GLOBAL C&S 31,142 18,233 25,011 2,556 -14,659 5,276 -9,383
ALLIED WORLD 7,758 1,907 14,669 -907 -7,910 2,306 -5,604
AUTO & GENERAL 7,498 6,905 2,773 0 -2,181 52 -2,129
AVIVA 24,925 18,858 8,089 1,638 -3,660 823 -2,837
AXA INSURANCE 305,669 182,636 66,482 68,623 -12,071 34,949 22,878
AXIS SPECIALTY 1,141 58 14 -37 1,107 489 1,596
BERKLEY INSURANCE 6,420 3,554 2,342 1,673 -1,149 280 -869
BERKSHIRE 19,986 15,364 4,883 3,869 -4,130 576 -3,554
CHINA TAIPING 76,476 46,057 11,986 11,122 7,311 21,677 28,989
CHUBB INS 106,105 28,091 58,113 5,143 14,758 6,303 21,061
CIGNA EUROPE 83,590 60,292 24,491 -520 -672 2,737 2,065
COFACE 9,939 10,850 5,589 154 -6,653 3,949 -2,704
DIRECT ASIA 17,836 12,902 16,047 -1,970 -9,143 842 -8,300
ECICS LTD 6,198 6,404 3,727 1,615 -5,549 2,112 -3,437
EQ INS 48,471 34,794 8,807 9,530 -4,662 3,795 -867
ERGO 18,058 9,940 11,038 3,901 -6,820 992 -5,827
ETIQA PL 35,194 20,963 8,794 6,024 -588 7,627 7,039
EULER HERMES 3,772 633 9,318 -2,428 -3,751 1,076 -2,675
FACTORY MUTUAL 19,208 7,630 -1,584 -1,527 14,689 155 14,844
FIRST CAPITAL 106,695 67,554 8,197 667 30,277 17,689 47,966
FWD SINGAPORE 10,550 9,935 25,953 -7,239 -18,098 404 -17,695
GARD (BERMUDA) 1 7,158 5,276 206 447 1,229 363 1,593
GARD MARINE 2,630 28,187 54 894 -26,506 1,518 -24,988
GEG 65,862 33,376 19,333 6,628 6,525 5,165 11,689
GREAT AMERICAN 22,373 15,471 4,651 3,625 -1,375 1,475 100
HDI GLOBAL 1,171 -467 1,554 -713 797 228 1,025
TABLE G5 GENERAL INSURANCE: OPERATING RESULTS OF SINGAPORE INSURANCE FUNDS FOR THE YEAR ENDED 31ST DECEMBER 2019 (PART I)
HELVETIA SWISS 118 26 114 8 -30 7 -23
HL ASSURANCE 10,833 7,383 7,113 1,666 -5,329 37 -5,292
INDIA INTERNATIONAL 49,825 37,263 4,943 4,860 2,759 35,120 37,878
JAPAN SHIP OWNERS' 1 11,811 13,292 2,430 591 -4,501 379 -4,123
LIBERTY INSURANCE 147,006 79,712 21,760 31,621 13,914 5,474 19,387
LIBERTY SPECIALTY SINGAPORE 17,445 5,783 4,091 3,171 4,400 3,315 7,716
LLOYD'S ASIA SCHEME 88,715 86,934 13,648 18,670 -30,537 924 -29,612
LONPAC 17,833 9,535 6,691 256 1,352 -546 806
MSIG 219,150 115,379 82,524 32,053 -10,805 26,773 15,968
NORTH OF ENGLAND P&I 1 5,125 10,957 5,010 1,114 -11,956 1 -11,956
NTUC INCOME 342,712 205,732 63,315 60,162 13,503 77,794 91,297
QBE INS 64,936 37,898 24,859 3,245 -1,065 3,272 2,208
REARDON 2 0 -120 1 0 119 58 177
SHIPOWNERS' MUTUAL P&I 11,252 3,728 4,677 4,180 -1,332 6 -1,327
SKULD 1 2,224 50 1,572 725 -123 0 -123
SOMPO INS 91,066 46,901 31,545 17,878 -5,259 6,082 823
STANDARD CLUB 1 4,531 -2,245 3,507 1,211 2,058 120 2,178
STARR INTERNATIONAL 649 374 175 -57 157 909 1,066
STEAMSHIP MUTUAL 1 123 101 15 51 -45 7 -38
SWISS RE INTERNATIONAL 11,754 8,011 12,034 2,010 -10,301 442 -9,859
THE WEST OF ENGLAND 1 1,807 487 673 768 -120 0 -120
TOKIO MARINE INS 108,517 65,985 18,212 13,310 11,010 20,225 31,235
TT CLUB 689 57 856 -413 189 -16 173
UK CLUB (EUROPE) 1 3,004 3,528 434 656 -1,614 16 -1,598
UOI 29,456 3,157 10,423 -8,023 23,900 16,120 40,020
XL INS 11,979 10,824 4,810 1,995 -5,651 1,687 -3,964
ZURICH 5,843 3,845 10,105 -4,625 -3,481 653 -2,828
($'000)
REINSURERS EARNED PREMIUMS NET CLAIMS INCURREDMANAGEMENT
EXPENSES
DISTRIBUTION
EXPENSES
UNDERWRITING PROFIT
(LOSS)
NET INVESTMENT
INCOME
OPERATING PROFIT
(LOSS)
ALLIANZ SE 1,391 -1,652 25 378 2,640 745 3,386
ASIA CAPITAL RE 2 13,522 14,199 1,552 4,244 -6,473 12,893 6,420
ASPEN INSURANCE 2,450 2,245 660 -384 -70 300 230
CHINA REINSURANCE 20,346 12,130 697 7,712 -193 446 253
DAVINCI RE 0 0 0 0 0 0 0
ENDURANCE SPECIALTY 518 67 36 113 301 67 368
EVEREST RE 3,053 2,670 125 843 -585 1,283 697
FIRST COAST 0 0 0 0 0 0 0
GENERAL RE 556 1,248 1,420 1,019 -3,130 512 -2,618
IAG RE 0 0 0 0 0 0 0
KOREAN RE 12,977 6,402 397 4,416 1,763 1,104 2,866
MANATEE 0 0 0 0 0 0 0
MAPFRE RE 829 618 38 183 -9 370 361
MILLI RE 0 0 0 0 0 7 7
MUNICH RE 20,618 9,754 1,860 5,538 3,466 2,782 6,248
ODYSSEY RE 3,344 1,263 91 868 1,122 564 1,686
ORCHARD ILS 0 0 0 0 0 0 0
PARTNER RE ASIA 10,030 10,350 317 1,741 -2,378 728 -1,650
RENAISSANCE RE 519 400 115 -31 35 0 35
SAMSUNG RE 540 468 46 50 -25 97 73
SCOR RE AP 12,678 1,646 997 2,068 7,966 1,188 9,154
SINGAPORE RE 21,895 7,274 2,349 7,684 4,587 9,925 14,512
SIRIUS INTERNATIONAL -54 -769 309 519 -114 86 -28
SWISS RE ASIA 19,928 10,635 972 3,250 5,072 3,185 8,257
TOA RE 8,042 2,333 306 3,023 2,381 927 3,309
TRANSATLANTIC REINSURANCE 950 -52 87 112 804 12 816
VALIDUS RE 0 0 0 0 0 0 0
XL BERMUDA 2,502 1,529 405 424 143 678 822
Notes:
1 Figures are in respect of Marine Mutual Insurers' financial years ended 20 Feb 2019 or 31 Mar 2019.
2 On run-off.
NET CLAIMS INCURREDMANAGEMENT
EXPENSES
DISTRIBUTION
EXPENSES
UNDERWRITING PROFIT
(LOSS)
ACYC 37.9 62.5 -33.3 32.9
AETNA 2 - - - -
AETNA S'PORE BRANCH 67.7 20 11.2 1
AIA SPORE 23.7 18.5 37.2 20.7
AIG ASIA 54.4 79.1 -41.6 8
ALLIANZ GLOBAL C&S 58.5 80.3 8.2 -47.1
ALLIED WORLD 24.6 189.1 -11.7 -102
AUTO & GENERAL 92.1 37 0 -29.1
AVIVA 75.7 32.5 6.6 -14.7
AXA INSURANCE 59.7 21.7 22.5 -3.9
AXIS SPECIALTY 5.1 1.2 -3.3 97
BERKLEY INSURANCE 55.4 36.5 26.1 -17.9
BERKSHIRE 76.9 24.4 19.4 -20.7
CHINA TAIPING 60.2 15.7 14.5 9.6
CHUBB INS 26.5 54.8 4.8 13.9
CIGNA EUROPE 72.1 29.3 -0.6 -0.8
COFACE 109.2 56.2 1.5 -66.9
DIRECT ASIA 72.3 90 -11 -51.3
ECICS LTD 103.3 60.1 26.1 -89.5
EQ INS 71.8 18.2 19.7 -9.6
ERGO 55 61.1 21.6 -37.8
ETIQA PL 59.6 25 17.1 -1.7
EULER HERMES 16.8 247 -64.4 -99.4
FACTORY MUTUAL 39.7 -8.2 -8 76.5
FIRST CAPITAL 63.3 7.7 0.6 28.4
FWD SINGAPORE 94.2 246 -68.6 -171.5
GARD (BERMUDA) 1 73.7 2.9 6.2 17.2
GARD MARINE 1,071.9 2.1 34 -1,008
GEG 50.7 29.4 10.1 9.9
GREAT AMERICAN 69.2 20.8 16.2 -6.1
HDI GLOBAL -39.9 132.7 -60.9 68.1
HELVETIA SWISS 21.8 96.6 7.1 -25.5
HL ASSURANCE 68.2 65.7 15.4 -49.2
INDIA INTERNATIONAL 74.8 9.9 9.8 5.5
JAPAN SHIP OWNERS' 1 112.5 20.6 5.0 -38.1
LIBERTY INSURANCE 54.2 14.8 21.5 9.5
LIBERTY SPECIALTY SINGAPORE 33.2 23.4 18.2 25.2
LLOYD'S ASIA SCHEME 98 15.4 21 -34.4
LONPAC 53.5 37.5 1.4 7.6
MSIG 52.6 37.7 14.6 -4.9
NORTH OF ENGLAND P&I 1 213.8 97.8 21.7 -233.3
NTUC INCOME 60 18.5 17.6 3.9
QBE INS 58.4 38.3 5 -1.6
REARDON 2 - - - -
SHIPOWNERS' MUTUAL P&I 33.1 41.6 37.1 -11.8
SKULD 1 2.2 70.7 32.6 -5.5
SOMPO INS 51.5 34.6 19.6 -5.8
STANDARD CLUB 1 -49.6 77.4 26.7 45.4
TABLE G5 GENERAL INSURANCE: OPERATING RESULTS OF SINGAPORE INSURANCE FUNDS FOR THE YEAR ENDED 31ST DECEMBER
2019 (PART II)
DIRECT INSURERS
% OF EARNED PREMIUMS
STARR INTERNATIONAL 57.6 26.9 -8.7 24.2
STEAMSHIP MUTUAL 1 82.1 12.4 41.6 -36.2
SWISS RE INTERNATIONAL 68.2 102.4 17.1 -87.6
THE WEST OF ENGLAND 1 26.9 37.2 42.5 -6.7
TOKIO MARINE INS 60.8 16.8 12.3 10.1
TT CLUB 8.3 124.3 -59.9 27.4
UK CLUB (EUROPE) 1 117.5 14.4 21.8 -53.7
UOI 10.7 35.4 -27.2 81.1
XL INS 90.4 40.2 16.7 -47.2
ZURICH 65.8 172.9 -79.2 -59.6
NET CLAIMS INCURREDMANAGEMENT
EXPENSES
DISTRIBUTION
EXPENSES
UNDERWRITING PROFIT
(LOSS)
ALLIANZ SE -118.7 1.8 27.2 189.8
ASIA CAPITAL RE 2 105 11.5 31.4 -47.9
ASPEN INSURANCE 91.6 26.9 -15.7 -2.9
CHINA REINSURANCE 59.6 3.4 37.9 -0.9
DAVINCI RE - - - -
ENDURANCE SPECIALTY 13 7 21.9 58.2
EVEREST RE 87.5 4.1 27.6 -19.2
FIRST COAST - - - -
GENERAL RE 224.5 255.4 183.2 -563.1
IAG RE - - - -
KOREAN RE 49.3 3.1 34 13.6
MANATEE - - - -
MAPFRE RE 74.5 4.6 22 -1.1
MILLI RE - - - -
MUNICH RE 47.3 9 26.9 16.8
ODYSSEY RE 37.8 2.7 26 33.5
ORCHARD ILS - - - -
PARTNER RE ASIA 103.2 3.2 17.4 -23.7
RENAISSANCE RE 77.1 22.2 -6 6.8
SAMSUNG RE 86.8 8.5 9.3 -4.6
SCOR RE AP 13 7.9 16.3 62.8
SINGAPORE RE 33.2 10.7 35.1 21
SIRIUS INTERNATIONAL 1,414.9 -568.8 -955.5 209.4
SWISS RE ASIA 53.4 4.9 16.3 25.5
TOA RE 29 3.8 37.6 29.6
TRANSATLANTIC REINSURANCE -5.5 9.1 11.8 84.6
VALIDUS RE - - - -
XL BERMUDA 61.1 16.2 17 5.7
Notes:
1 Figures are in respect of Marine Mutual Insurers' financial years ended 20 Feb 2019 or 31 Mar 2019.
2 On run-off.
REINSURERS
% OF EARNED PREMIUMS
($'000)
INTEREST/DIVIDEND/RE
NTAL INCOME
REALISED GAINS
(LOSSES) FROM LAST
REPORTED
VALUE/WRITE-BACKS
(WRITE-OFFS)
UNREALISED CHANGES
FROM LAST REPORTED
VALUE
ACYC 30,339 19,845 99 0 67 0 2,004
AETNA 2 0 0 17 0 0 0 0
AETNA S'PORE BRANCH 6,383 50 93 0 3 0 61
AIA SPORE 0 0 0 0 0 0 0
AIG ASIA 80,182 64,836 1,187 0 181 53 0
ALLIANZ GLOBAL C&S 170,500 52,345 11,288 11,856 -5,422 0 1,368
ALLIED WORLD 95,994 87,308 3,214 700 1,772 505 96
AUTO & GENERAL 0 0 0 0 0 0 0
AVIVA 0 0 0 0 0 0 0
AXA INSURANCE 33,385 26,773 283 -11 1 0 69
AXIS SPECIALTY 280,811 233,060 3,450 528 1,849 89 0
BERKLEY INSURANCE 42,700 16,756 2,015 615 0 131 0
BERKSHIRE 165,660 133,314 1,755 0 -702 0 2
CHINA TAIPING 28,168 10,208 446 232 170 0 3
CHUBB INS 75,131 49,617 2,452 204 1,082 93 7,497
CIGNA EUROPE 0 0 0 0 0 0 0
COFACE 12,048 4,325 1,032 0 498 0 3,084
DIRECT ASIA 0 0 0 0 0 0 0
ECICS LTD 84 54 34 0 0 2 0
EQ INS 446 110 10 0 -1 0 2
ERGO 1,748 1,359 4 0 0 0 8
ETIQA PL 9,699 537 104 0 -1 0 74
EULER HERMES 27,480 23,932 414 74 130 19 269
FACTORY MUTUAL 0 0 0 0 0 0 0
FIRST CAPITAL 436,999 300,540 12,730 3,186 -6,383 45 2,408
FWD SINGAPORE 0 0 0 0 0 0 0
GARD (BERMUDA) 1 32,044 21,476 7 0
GARD MARINE 1,552 835 97 5 32 10 0
DIRECT INSURERS GROSS PREMIUMS
OUTWARD
REINSURANCE
PREMIUMS
INVESTMENT REVENUE
TABLE G6 GENERAL INSURANCE PROFIT & LOSS ACCOUNT: INCOME OF OFFSHORE INSURANCE FUNDS
FOR THE YEAR ENDED 31ST DECEMBER 2019
OTHERSINVESTMENT
EXPENSES
GEG 16,190 12,565 184 0 61 0 0
GREAT AMERICAN 48,156 14,351 903 0 75 43 155
HDI GLOBAL 48,899 27,670 1,136 -55 217 0 431
HELVETIA SWISS 20,294 3,966 389 -19 320 1 1,617
HL ASSURANCE 15 14 0 0 0 0 0
INDIA INTERNATIONAL 83,915 47,907 6,704 643 2,217 35 7,042
JAPAN SHIP OWNERS' 1 0 0 0 0
LIBERTY INSURANCE 8,107 766 274 0 55 17 11
LIBERTY SPECIALTY SINGAPORE 239,730 171,054 3,620 1 4,513 215 7,418
LLOYD'S ASIA SCHEME 813,274 128,976 19,499 -4,057 5,538 747 6,763
LONPAC 0 0 0 0 0 0 0
MSIG 16,236 8,470 469 2 -4 0 44
NORTH OF ENGLAND P&I 1 0 0 0 0
NTUC INCOME 2,106 1,234 201 -13 -22 8 -3
QBE INS 81,165 48,030 1,313 1,065 -368 17 0
REARDON 2 0 0 196 -6 146 50 0
SHIPOWNERS' MUTUAL P&I 96,224 61,445 18 0 0 0 0
SKULD 1 11,682 9,105 0 165
SOMPO INS 11,240 7,517 3,353 -55 1,505 32 18
STANDARD CLUB 1 40,471 30,911 5 0
STARR INTERNATIONAL 172,928 169,644 3,926 10 8,691 0 1,174
STEAMSHIP MUTUAL 1 6,706 3,989 0 157
SWISS RE INTERNATIONAL 121,983 109,632 3,018 734 1,790 52 48
THE WEST OF ENGLAND 1 6,469 4,213 0 0
TOKIO MARINE INS 120,515 115,421 1,155 -71 821 35 69
TT CLUB 3,549 2,582 0 0 0 0 0
UK CLUB (EUROPE) 1 0 0 0 0
UOI 28,318 14,685 1,442 1,725 747 137 1
XL INS 204,158 160,347 11,037 1,019 2,093 1,141 13,095
ZURICH 120,756 92,928 2,072 650 557 134 8,597
($'000)
INTEREST/DIVIDEND/RE
NTAL INCOME
REALISED GAINS
(LOSSES) FROM LAST
REPORTED
VALUE/WRITE-BACKS
(WRITE-OFFS)
UNREALISED CHANGES
FROM LAST REPORTED
VALUE
ALLIANZ SE 1,149,165 70,613 36,239 8,549 25,136 727 4,311
REINSURERS GROSS PREMIUMS
OUTWARD
REINSURANCE
PREMIUMS
INVESTMENT REVENUE
INVESTMENT
EXPENSESOTHERS
ASIA CAPITAL RE 2 661,600 97,572 32,472 4,663 50,054 2,007 5,922
ASPEN INSURANCE 53,075 38,068 2,566 124 4,935 15 1,814
CHINA REINSURANCE 179,586 14,770 4,011 -115 -1,358 368 526
DAVINCI RE 24,471 13,226 0 0 693 56 0
ENDURANCE SPECIALTY 234,749 82,683 3,961 1,202 3,685 186 97
EVEREST RE 306,043 0 25,169 2,293 20,273 586 565
FIRST COAST 7,635 0 1,547 0 0 5,806 0
GENERAL RE 7,661 1,528 356 0 52 10 28
IAG RE 250,681 72,998 9,522 8,902 25,299 341 752
KOREAN RE 102,674 13,333 4,581 -19 2,437 32 1,547
MANATEE 4,987 0 598 0 0 2,985 1,684
MAPFRE RE 83,962 17,928 1,380 1,032 734 0 2
MILLI RE 27,382 1,301 1,336 -25 14 0 28
MUNICH RE 239,267 8,813 8,285 634 -1,107 248 3,427
ODYSSEY RE 361,184 10,599 11,817 1,391 14,286 962 83
ORCHARD ILS 8,362 4,057 803 0 0 0 0
PARTNER RE ASIA 759,127 449,509 14,737 5,487 14,628 2,268 61
RENAISSANCE RE 162,133 117,542 0 0 2,227 171 48
SAMSUNG RE 129,131 76,767 2,268 43 -649 17 1
SCOR RE AP 201,943 38,790 7,673 3,699 15,741 645 2,056
SINGAPORE RE 111,944 77,950 2,589 -19 -248 141 386
SIRIUS INTERNATIONAL 78,071 75,578 6,666 -60 627 0 4,137
SWISS RE ASIA 3,759,968 1,087,969 51,878 3,280 48,667 1,456 4,098
TOA RE 95,050 699 5,409 193 2,493 34 1,075
TRANSATLANTIC REINSURANCE 66,338 39 1,518 -20 1,079 43 11
VALIDUS RE 51,401 1,563 1,837 -7 1,583 11 185
XL BERMUDA 197,770 27,067 10,700 2,991 13,096 809 0
Notes:
1 Figures are in respect of Marine Mutual Insurers' financial years ended 20 Feb 2019 or 31 Mar 2019.
2 On run-off.
($'000)
DIRECT INSURERS GROSS CLAIMSREINSURANCE
RECOVERABLES
MANAGEMENT
EXPENSES
DISTRIBUTION
EXPENSES
INCREASE (DECREASE)
IN POLICY LIABILITIESOTHERS
ACYC 6,329 4,514 6,689 -1,508 4,304 1,270
AETNA 2 21 0 30 0 -104 -32
AETNA S'PORE BRANCH 3,952 370 2,253 379 826 2
AIA SPORE 0 0 0 0 0 0
AIG ASIA 30,617 24,629 18,299 -11,358 21,471 1,648
ALLIANZ GLOBAL C&S 74,918 19,381 29,270 14,761 342 5,775
ALLIED WORLD 125,985 105,542 22,580 -18,059 -14,250 2,421
AUTO & GENERAL 0 0 0 0 0 0
AVIVA 0 0 0 0 0 0
AXA INSURANCE 6,844 3,076 6,710 -605 -4,737 851
AXIS SPECIALTY 144,124 118,060 3,646 5,141 50,714 1,651
BERKLEY INSURANCE 42,037 19,813 8,758 7,179 -1,757 219
BERKSHIRE 226,853 192,786 6,481 -11,561 -21,785 31,136
CHINA TAIPING 15,389 3,526 3,346 5,329 1,064 1,183
CHUBB INS 38,040 32,896 7,230 5,817 1,516 1,030
CIGNA EUROPE 0 0 0 0 0 0
COFACE 11,327 4,381 7,314 2,910 -1,138 -81
DIRECT ASIA 0 0 0 0 0 0
ECICS LTD 0 0 62 -12 0 4
EQ INS 34 10 17 76 21 5
ERGO 2,418 2,340 439 135 -90 -26
ETIQA PL 1,029 12 1,390 4,672 1,077 187
EULER HERMES 15,027 13,519 8,162 -5,139 -216 1,678
FACTORY MUTUAL 0 0 0 0 0 0
FIRST CAPITAL 256,478 185,592 13,983 -37,827 50,434 6,453
FWD SINGAPORE 0 0 0 0 0 0
GARD (BERMUDA) 1 11,534 4,201 268 335 3,606 -5
GARD MARINE 189 -1 13 196 442 86
GEG 2,017 1,318 1,926 -742 775 318
GREAT AMERICAN 22,422 7,386 7,610 5,781 18,289 2,801
HDI GLOBAL 9,736 5,309 3,912 644 11,710 1,644
TABLE G7 GENERAL INSURANCE PROFIT & LOSS ACCOUNT: OUTGO OF OFFSHORE INSURANCE FUNDS
FOR THE YEAR ENDED 31ST DECEMBER 2019
HELVETIA SWISS 5,196 1,516 4,916 2,223 11,531 659
HL ASSURANCE 3 2 5 -3 1 0
INDIA INTERNATIONAL 63,781 20,867 6,009 -442 3,086 3,256
JAPAN SHIP OWNERS' 1 0 0 0 0 0 0
LIBERTY INSURANCE 2,539 24 968 1,123 1,239 474
LIBERTY SPECIALTY SINGAPORE 36,125 39,074 23,241 9,479 40,018 10,626
LLOYD'S ASIA SCHEME 545,124 88,097 82,658 131,412 -8,636 15,149
LONPAC 0 0 0 0 0 0
MSIG -1,601 -4,122 4,427 229 1,941 16
NORTH OF ENGLAND P&I 1 0 0 0 0 0 0
NTUC INCOME 2,128 114 387 -32 205 68
QBE INS 34,071 24,431 12,128 1,626 4,090 1,957
REARDON 2 -470 22 869 0 -499 42
SHIPOWNERS' MUTUAL P&I 45,344 41,284 15,314 11,828 9,333 923
SKULD 1 1,965 1,691 1,828 -307 277 114
SOMPO INS 7,353 4,760 1,623 -52 -1,859 2,924
STANDARD CLUB 1 15,236 16,959 6,798 3,276 524 436
STARR INTERNATIONAL 48,857 48,325 8,095 -17,459 4,204 2,848
STEAMSHIP MUTUAL 1 1,243 266 156 1,392 140 0
SWISS RE INTERNATIONAL 22,583 15,874 27,838 840 -31,295 3,041
THE WEST OF ENGLAND 1 4,109 3,292 980 1,012 -68 136
TOKIO MARINE INS 35,779 34,197 4,297 -5,634 441 1,027
TT CLUB 778 715 525 293 323 54
UK CLUB (EUROPE) 1 15 13 0 0 -12 0
UOI 6,843 1,582 2,651 530 3,266 582
XL INS 85,246 44,518 21,676 5,591 8,108 6,568
ZURICH 18,009 13,922 24,283 -9,075 23,191 5,490
($'000)
REINSURERS GROSS CLAIMSREINSURANCE
RECOVERABLES
MANAGEMENT
EXPENSES
DISTRIBUTION
EXPENSES
INCREASE (DECREASE)
IN POLICY LIABILITIESOTHERS
ALLIANZ SE 700,799 131,227 21,597 286,787 308,609 3,847
ASIA CAPITAL RE 2 418,706 106,382 23,742 130,341 182,757 9,867
ASPEN INSURANCE 26,789 18,576 9,134 1,585 -1,734 0
CHINA REINSURANCE 94,621 265 5,512 37,799 66,450 -5,733
DAVINCI RE 11,896 6,246 2,381 275 18,173 -27
ENDURANCE SPECIALTY 265,601 164,183 16,650 42,451 7,638 2,851
EVEREST RE 282,044 0 12,732 50,736 275,378 904
FIRST COAST 0 0 2,053 0 1,218 0
GENERAL RE 1 0 1,816 -500 2,579 -75
IAG RE 199,738 139,696 3,542 23,318 -35,968 19,995
KOREAN RE 52,499 3,101 3,201 27,625 1,178 3,556
MANATEE 0 0 1,801 0 762 0
MAPFRE RE 33,217 744 3,340 18,082 3,182 3,239
MILLI RE 28,369 1,631 2,368 6,448 1,125 469
MUNICH RE 104,043 0 17,988 61,678 28,058 3,283
ODYSSEY RE 340,890 142,539 11,159 67,262 215,955 7,238
ORCHARD ILS 0 0 71 0 4,014 933
PARTNER RE ASIA 399,816 253,156 14,124 55,331 96,377 3,312
RENAISSANCE RE 49,218 50,015 13,183 -2,427 43,830 923
SAMSUNG RE 37,582 22,275 5,524 7,074 17,715 1,775
SCOR RE AP 107,060 14,140 13,237 44,994 -567 4,425
SINGAPORE RE 50,987 32,445 4,694 7,158 8,884 3
SIRIUS INTERNATIONAL 32,610 54,011 8,447 859 12,048 2,306
SWISS RE ASIA 4,153,538 1,854,353 138,955 642,105 -102,899 22,921
TOA RE 32,989 0 3,374 36,517 40,984 32
TRANSATLANTIC REINSURANCE 36,157 24 6,399 10,781 13,519 1,639
VALIDUS RE 35,787 5,549 5,628 12,297 24,481 739
XL BERMUDA 179,439 14,709 22,339 34,399 -32,453 3,703
Notes:
1 Figures are in respect of Marine Mutual Insurers' financial years ended 20 Feb 2019 or 31 Mar
2019.
2 On run-off.
($'000)
PREMIUM LIABILITIES CLAIM LIABILITIESREINSURANCE
DEPOSITSOTHERS
ACYC 5,252 6,103 0 6,967
AETNA 2 0 14 0 23
AETNA S'PORE BRANCH 3,637 1,777 0 2,271
AIA SPORE 0 0 0 0
AIG ASIA 18,134 32,017 11,195 10,810
ALLIANZ GLOBAL C&S 71,190 256,469 71 26,692
ALLIED WORLD 15,580 42,277 0 204,881
AUTO & GENERAL 0 0 0 0
AVIVA 0 0 0 0
AXA INSURANCE 855 17,714 0 17,051
AXIS SPECIALTY 28,426 86,527 0 162,745
BERKLEY INSURANCE 9,989 54,647 0 20,921
BERKSHIRE 22,419 64,763 0 92,823
CHINA TAIPING 6,840 9,112 65 6,881
CHUBB INS 9,131 30,131 0 24,812
CIGNA EUROPE 0 0 0 0
COFACE 5,666 19,107 0 4,220
DIRECT ASIA 0 0 0 0
ECICS LTD 1 0 0 334
EQ INS 37 215 168 205
ERGO 122 295 15 1,409
ETIQA PL 3,623 3,303 0 753
EULER HERMES 12,988 1,497 0 20,012
FACTORY MUTUAL 0 0 0 0
FIRST CAPITAL 75,320 177,291 29,373 193,973
FWD SINGAPORE 0 0 0 0
GARD (BERMUDA) 1 0 7,487 0 3,187
GARD MARINE 229 1,006 0 1,952
GEG 1,125 3,012 837 8,862
GREAT AMERICAN 11,168 37,914 0 6,239
HDI GLOBAL 12,295 35,447 0 35,918
HELVETIA SWISS 11,171 18,958 0 3,058
HL ASSURANCE 0 1 0 3
INDIA INTERNATIONAL 22,324 90,775 880 48,300
JAPAN SHIP OWNERS' 1 0 0 0 0
TABLE G8 GENERAL INSURANCE: ASSETS AND LIABILITIES OF OFFSHORE INSURANCE FUNDS
FOR THE YEAR ENDED 31ST DECEMBER 2019 (PART I)
DIRECT INSURERS
LIABILITIES
LIBERTY INSURANCE 6,792 1,636 0 675
LIBERTY SPECIALTY SINGAPORE 55,608 60,676 4,651 96,550
LLOYD'S ASIA SCHEME 267,482 893,053 2,901 848,497
LONPAC 0 0 0 0
MSIG 1,596 5,396 0 2,920
NORTH OF ENGLAND P&I 1 0 0 0 0
NTUC INCOME 162 3,058 0 616
QBE INS 23,153 33,604 0 36,773
REARDON 2 0 3,917 0 747
SHIPOWNERS' MUTUAL P&I 18,937 17,165 0 18,789
SKULD 1 305 2,395 0 2,792
SOMPO INS 1,041 1,270 0 5,553
STANDARD CLUB 1 14 6,660 0 4,727
STARR INTERNATIONAL 15,227 5,692 0 78,940
STEAMSHIP MUTUAL 1 0 140 0 3,821
SWISS RE INTERNATIONAL 32,466 46,322 0 94,129
THE WEST OF ENGLAND 1 0 909 0 1,273
TOKIO MARINE INS 3,589 1,776 19,328 16,405
TT CLUB 95 480 0 1,539
UK CLUB (EUROPE) 1 0 10 0 0
UOI 5,329 17,727 909 2,854
XL INS 97,191 216,228 0 292,543
ZURICH 32,032 28,308 0 44,592
($'000)
PREMIUM LIABILITIES CLAIM LIABILITIESREINSURANCE
DEPOSITSOTHERS
ALLIANZ SE 362,454 1,240,682 1,848 43,568
ASIA CAPITAL RE 2 221,751 713,984 0 164,617
ASPEN INSURANCE 12,991 35,959 0 77,269
CHINA REINSURANCE 57,280 168,539 0 15,264
DAVINCI RE 1,458 30,698 0 3,581
ENDURANCE SPECIALTY 56,246 154,690 53 104,907
EVEREST RE 40,113 671,112 0 13,488
FIRST COAST 1,207 0 0 135,881
GENERAL RE 2,473 13,193 0 2,398
IAG RE 111,693 50,292 6,549 20,096
KOREAN RE 34,842 102,287 773 10,798
MANATEE 755 0 0 55,334
MAPFRE RE 27,235 50,625 0 38,999
MILLI RE 10,080 37,006 0 2,378
MUNICH RE 53,036 236,143 0 11,030
REINSURERS
LIABILITIES
ODYSSEY RE 100,055 535,843 0 5,948
ORCHARD ILS 3,995 0 70,998 58
PARTNER RE ASIA 127,959 479,038 7 238,403
RENAISSANCE RE 22,541 95,138 0 56,851
SAMSUNG RE 25,829 49,775 1,633 28,071
SCOR RE AP 61,008 269,757 112 76,897
SINGAPORE RE 19,607 65,049 3,589 27,843
SIRIUS INTERNATIONAL 13,039 58,138 8,545 160,990
SWISS RE ASIA 614,275 2,311,377 6,457 285,801
TOA RE 37,220 88,723 0 2,187
TRANSATLANTIC REINSURANCE 29,083 60,639 0 3,113
VALIDUS RE 18,633 68,125 0 3,494
XL BERMUDA 89,106 279,087 6,417 45,847
Notes:
1 Figures are in respect of Marine Mutual Insurers' financial years ended 20 Feb 2019 or 31 Mar 2019.
2 On run-off.
($'000)
EQUITY SECURITIES DEBT SECURITIES LAND AND BUILDINGS LOANS CASH AND DEPOSITS OTHERS
ACYC 0 0 0 0 10,141 19,192
AETNA 2 0 1,000 0 0 896 8
AETNA S'PORE BRANCH 0 4,996 0 0 2,543 4,479
AIA SPORE 0 0 0 0 0 0
AIG ASIA 0 55,117 0 0 29,202 44,550
ALLIANZ GLOBAL C&S 0 523,172 0 0 32,559 80,349
ALLIED WORLD 382 306,104 0 0 21,190 61,831
AUTO & GENERAL 0 0 0 0 0 0
AVIVA 0 0 0 0 0 0
AXA INSURANCE 0 0 0 0 26,979 25,062
AXIS SPECIALTY 0 279,260 0 0 49,222 133,020
BERKLEY INSURANCE 0 82,943 0 0 22,730 30,361
BERKSHIRE 0 134,071 0 0 116,041 92,793
CHINA TAIPING 0 0 0 0 25,751 5,194
CHUBB INS 0 88,996 0 0 6,966 36,265
CIGNA EUROPE 0 0 0 0 0 0
COFACE 0 55,338 0 0 3,230 11,598
DIRECT ASIA 0 0 0 0 0 0
ECICS LTD 0 0 0 0 2,085 42
EQ INS 0 0 0 0 1,399 68
ERGO 0 0 0 0 1,667 1,646
ETIQA PL 0 0 0 0 5,903 3,995
EULER HERMES 0 24,676 0 0 4,644 34,117
FACTORY MUTUAL 0 0 0 0 0 0
FIRST CAPITAL 0 94,693 0 7,000 569,166 150,055
FWD SINGAPORE 0 0 0 0 0 0
GARD (BERMUDA) 1 0 9,385 0 0 10,049 3,478
GARD MARINE 0 2,293 0 0 3,693 530
GEG 0 0 0 0 18,056 2,938
TABLE G8 GENERAL INSURANCE: ASSETS AND LIABILITIES OF OFFSHORE INSURANCE FUNDS
FOR THE YEAR ENDED 31ST DECEMBER 2019 (PART II)
DIRECT INSURERS
ASSETS
GREAT AMERICAN 0 27,735 0 0 41,716 21,881
HDI GLOBAL 0 78,720 0 0 13,208 23,763
HELVETIA SWISS 0 18,376 629 0 13,309 12,884
HL ASSURANCE 0 0 0 0 148 2
INDIA INTERNATIONAL 14,675 95,312 0 0 85,775 36,784
JAPAN SHIP OWNERS' 1 0 0 0 0 0 0
LIBERTY INSURANCE 0 12,316 0 0 6,935 1,507
LIBERTY SPECIALTY SINGAPORE 0 180,981 0 0 15,637 114,188
LLOYD'S ASIA SCHEME 92,267 664,421 0 0 528,961 563,493
LONPAC 0 0 0 0 0 0
MSIG 0 0 0 0 29,252 3,575
NORTH OF ENGLAND P&I 1 0 0 0 0 0 0
NTUC INCOME 0 6,370 0 0 1,371 871
QBE INS 0 111,853 0 0 1,070 51,634
REARDON 2 0 6,547 0 0 495 70
SHIPOWNERS' MUTUAL P&I 0 0 9,489 0 25,852 24,101
SKULD 1 0 0 0 0 6,127 658
SOMPO INS 0 97,200 0 0 61,860 10,143
STANDARD CLUB 1 0 1,995 0 0 7,547 10,790
STARR INTERNATIONAL 0 124,700 0 0 12,021 79,832
STEAMSHIP MUTUAL 1 0 0 0 0 1,820 2,757
SWISS RE INTERNATIONAL 0 120,477 0 0 9,306 103,101
THE WEST OF ENGLAND 1 0 0 0 0 4,530 1,107
TOKIO MARINE INS 5,845 19,834 0 0 22,875 24,280
TT CLUB 0 0 0 0 1 5,383
UK CLUB (EUROPE) 1 0 0 0 0 105 771
UOI 8,942 33,516 0 0 17,501 9,809
XL INS 4,346 543,485 0 0 66,116 198,998
ZURICH 12,743 66,297 0 0 1,916 62,591
($'000)
EQUITY SECURITIES DEBT SECURITIES LAND AND BUILDINGS LOANS CASH AND DEPOSITS OTHERS
ALLIANZ SE 1,485,974 394,711 0 0 275,538 477,596
ASIA CAPITAL RE 2 564,213 312,403 0 0 99,757 500,477
ASPEN INSURANCE 0 94,472 0 0 24,867 40,194
REINSURERS
ASSETS
CHINA REINSURANCE 14,164 142,515 0 0 36,734 94,051
DAVINCI RE 34,327 0 0 0 9,512 13,863
ENDURANCE SPECIALTY 0 87,442 0 33 52,249 255,550
EVEREST RE 0 829,694 0 0 111,771 101,885
FIRST COAST 134,927 0 0 0 36 2,228
GENERAL RE 0 24,510 0 0 7,828 2,136
IAG RE 68,258 115,497 0 94,587 22,561 161,645
KOREAN RE 0 155,307 0 0 45,857 49,415
MANATEE 53,971 0 0 0 3 3,820
MAPFRE RE 0 71,678 501 0 10,783 58,765
MILLI RE 0 0 0 0 53,223 12,472
MUNICH RE 0 311,058 0 0 21,103 109,547
ODYSSEY RE 126,371 648,333 0 0 27,444 165,819
ORCHARD ILS 70,810 0 0 0 123 4,206
PARTNER RE ASIA 55,303 485,374 0 0 69,633 466,002
RENAISSANCE RE 100,314 0 0 0 17,817 114,446
SAMSUNG RE 0 18,739 0 0 103,525 41,605
SCOR RE AP 27,411 316,759 0 0 5,305 114,882
SINGAPORE RE 10,118 44,089 4,371 0 29,789 46,671
SIRIUS INTERNATIONAL 0 241,244 0 0 15,357 57,692
SWISS RE ASIA 197,634 2,480,853 0 0 20,094 1,511,474
TOA RE 0 250,004 0 0 3,823 48,328
TRANSATLANTIC REINSURANCE 0 72,043 0 0 13,193 35,220
VALIDUS RE 0 60,986 0 0 19,406 25,329
XL BERMUDA 0 407,717 0 0 22,811 165,432
Notes:
1 Figures are in respect of Marine Mutual Insurers' financial years ended 20 Feb 2019 or 31 Mar 2019.
2 On run-off.
($'000)
CARGO MARINE HULL AVIATION HULL PROPERTY MOTOR ENGINEERING LIABILITY AND OTHERS TOTAL
ACYC 0 0 0 0 0 0 30,339 30,339
AETNA 2 0 0 0 0 0 0 0 0
AETNA S'PORE BRANCH 0 0 0 0 0 0 6,383 6,383
AIA SPORE 0 0 0 0 0 0 0 0
AIG ASIA 4,950 267 28,526 29,263 0 10,973 6,203 80,182
ALLIANZ GLOBAL C&S 8,568 12,792 -81 74,417 0 47,950 26,854 170,500
ALLIED WORLD 7,643 6 0 66,002 741 13,088 8,512 95,994
AUTO & GENERAL 0 0 0 0 0 0 0 0
AVIVA 0 0 0 0 0 0 0 0
AXA INSURANCE 1,197 247 0 14,036 0 119 17,786 33,385
AXIS SPECIALTY 298 3 0 217,018 7,825 9,358 46,310 280,811
BERKLEY INSURANCE 3,485 1,300 0 22,911 820 347 13,838 42,700
BERKSHIRE 6,794 3,625 0 136,305 -1,265 12,302 7,900 165,660
CHINA TAIPING 3,228 1,775 0 16,128 2,686 456 3,895 28,168
CHUBB INS 5,320 2,759 0 40,027 5 4,832 22,187 75,131
CIGNA EUROPE 0 0 0 0 0 0 0 0
COFACE 0 0 0 0 0 0 12,048 12,048
DIRECT ASIA 0 0 0 0 0 0 0 0
ECICS LTD 0 0 0 0 0 0 84 84
EQ INS 231 17 0 27 0 0 171 446
ERGO 1,041 330 71 15 0 0 291 1,748
ETIQA PL 841 68 0 8,791 0 0 0 9,699
EULER HERMES 0 0 0 0 0 0 27,480 27,480
FACTORY MUTUAL 0 0 0 0 0 0 0 0
FIRST CAPITAL 1,852 62,878 5,428 244,888 91,820 13,994 16,140 436,999
FWD SINGAPORE 0 0 0 0 0 0 0 0
GARD (BERMUDA) 1 0 32,044 0 0 0 0 0 32,044
GARD MARINE 0 1,552 0 0 0 0 0 1,552
GEG 2,428 97 0 9,477 0 341 3,846 16,190
DIRECT INSURERS
GROSS PREMIUMS
TABLE G9 GENERAL INSURANCE: PREMIUMS OF OFFSHORE INSURANCE FUNDS FOR THE YEAR ENDED 31ST DECEMBER 2019 (PART I)
GREAT AMERICAN 18,244 25,799 0 1,124 0 0 2,989 48,156
HDI GLOBAL 6,551 15 0 37,501 0 3,107 1,725 48,899
HELVETIA SWISS 4,520 148 0 329 0 15,287 9 20,294
HL ASSURANCE 0 0 0 15 0 0 0 15
INDIA INTERNATIONAL 2,232 37,078 5,840 38,551 0 85 129 83,915
JAPAN SHIP OWNERS' 1 0 0 0 0 0 0 0 0
LIBERTY INSURANCE 1,524 0 0 147 0 180 6,256 8,107
LIBERTY SPECIALTY SINGAPORE 4,482 2,866 0 32,761 0 13,500 186,122 239,730
LLOYD'S ASIA SCHEME 75,617 145,180 8,439 411,845 2,421 14,013 155,758 813,274
LONPAC 0 0 0 0 0 0 0 0
MSIG 10,799 824 0 1,992 349 1,531 741 16,236
NORTH OF ENGLAND P&I 1 0 0 0 0 0 0 0 0
NTUC INCOME 569 154 0 1,299 0 10 74 2,106
QBE INS 7,309 13,860 0 6,983 32 16,869 36,112 81,165
REARDON 2 0 0 0 0 0 0 0 0
SHIPOWNERS' MUTUAL P&I 0 96,224 0 0 0 0 0 96,224
SKULD 1 0 11,682 0 0 0 0 0 11,682
SOMPO INS 4,778 1 0 4,348 0 289 1,824 11,240
STANDARD CLUB 1 0 40,471 0 0 0 0 0 40,471
STARR INTERNATIONAL 4,784 0 0 142,013 0 21,030 5,102 172,928
STEAMSHIP MUTUAL 1 0 6,706 0 0 0 0 0 6,706
SWISS RE INTERNATIONAL 3,126 5,237 -25 52,994 0 11,202 49,449 121,983
THE WEST OF ENGLAND 1 0 6,469 0 0 0 0 0 6,469
TOKIO MARINE INS 10,150 524 0 86,871 701 3,996 18,274 120,515
TT CLUB 0 3,549 0 0 0 0 0 3,549
UK CLUB (EUROPE) 1 0 0 0 0 0 0 0 0
UOI 475 150 0 17,167 0 262 10,263 28,318
XL INS 20,435 21,743 7,869 46,997 0 6,903 100,212 204,158
ZURICH 6,495 284 0 67,923 0 11,963 34,091 120,756
($'000)
CARGO MARINE HULL AVIATION HULL PROPERTY MOTOR ENGINEERING LIABILITY AND OTHERS TOTAL
ALLIANZ SE 10,180 12,685 -11 757,550 319,500 28,196 21,065 1,149,165
ASIA CAPITAL RE 2 27,780 82,722 46,950 289,866 113,049 24,157 77,077 661,600
ASPEN INSURANCE 2,787 664 0 32,069 0 0 17,556 53,075
REINSURERS
GROSS PREMIUMS
CHINA REINSURANCE 3,681 3,099 24 111,148 17,992 8,350 35,292 179,586
DAVINCI RE 0 0 0 24,471 0 0 0 24,471
ENDURANCE SPECIALTY 9,469 5,072 0 207,404 6,942 2,698 3,164 234,749
EVEREST RE 2,871 1,260 0 227,218 22,067 18,132 34,495 306,043
FIRST COAST 0 0 0 7,635 0 0 0 7,635
GENERAL RE 88 310 0 6,662 81 -2 522 7,661
IAG RE 1,571 1,659 0 259,547 -24,734 8,298 4,339 250,681
KOREAN RE 3,767 2,298 38 62,845 12,312 2,620 18,793 102,674
MANATEE 0 0 0 4,987 0 0 0 4,987
MAPFRE RE 1,876 2,732 1 54,169 6,830 15,021 3,334 83,962
MILLI RE 306 276 0 23,214 222 3,153 212 27,382
MUNICH RE 7,996 3,044 0 69,078 90,007 41,241 27,901 239,267
ODYSSEY RE 4,381 8,719 0 297,722 3,953 2,733 43,676 361,184
ORCHARD ILS 0 0 0 8,362 0 0 0 8,362
PARTNER RE ASIA 9,384 19,819 38,043 366,950 91,910 30,838 202,183 759,127
RENAISSANCE RE 962 150 0 97,677 99 0 63,245 162,133
SAMSUNG RE 30,562 67 0 81,202 104 8,390 8,807 129,131
SCOR RE AP 5,844 2,948 0 172,927 2,117 15,417 2,690 201,943
SINGAPORE RE 2,030 9,978 0 82,628 4,104 2,422 10,783 111,944
SIRIUS INTERNATIONAL 286 2,784 0 73,106 0 602 1,293 78,071
SWISS RE ASIA 105,361 121,878 14,462 1,900,381 819,089 415,265 383,533 3,759,968
TOA RE 2,963 1,398 0 36,483 45,569 3,152 5,484 95,050
TRANSATLANTIC REINSURANCE 509 392 0 42,985 9,818 986 11,647 66,338
VALIDUS RE 705 5,520 0 39,513 0 0 5,663 51,401
XL BERMUDA 3,580 7,173 0 159,267 2,680 585 24,484 197,770
Notes:
1 Figures are in respect of Marine Mutual Insurers' financial years ended 20 Feb 2019 or 31 Mar 2019.
2 On run-off.
($'000)
CARGO MARINE HULL AVIATION HULL PROPERTY MOTOR ENGINEERING LIABILITY AND OTHERS TOTAL
ACYC 0 0 0 0 0 0 4,309 4,309
AETNA 2 0 0 0 0 0 0 0 0
AETNA S'PORE BRANCH 0 0 0 0 0 0 0 0
AIA SPORE 0 0 0 0 0 0 0 0
AIG ASIA 248 0 0 445 0 0 0 694
ALLIANZ GLOBAL C&S 1,034 0 0 0 0 104 0 1,137
ALLIED WORLD 28 0 0 54 0 618 11 712
AUTO & GENERAL 0 0 0 0 0 0 0 0
AVIVA 0 0 0 0 0 0 0 0
AXA INSURANCE 147 0 0 2,423 0 0 130 2,701
AXIS SPECIALTY 0 0 0 0 0 0 0 0
BERKLEY INSURANCE 0 0 0 0 0 0 0 0
BERKSHIRE 0 0 0 0 0 0 0 0
CHINA TAIPING 1,584 468 0 3,700 0 274 727 6,753
CHUBB INS 90 0 0 15,986 0 0 41 16,117
CIGNA EUROPE 0 0 0 0 0 0 0 0
COFACE 0 0 0 0 0 0 0 0
DIRECT ASIA 0 0 0 0 0 0 0 0
ECICS LTD 0 0 0 0 0 0 0 0
EQ INS 46 11 0 8 0 0 2 66
ERGO 553 175 0 6 0 0 179 912
ETIQA PL 416 0 0 0 0 0 0 416
EULER HERMES 0 0 0 0 0 0 0 0
FACTORY MUTUAL 0 0 0 0 0 0 0 0
FIRST CAPITAL 408 17,025 5,531 119,022 0 7,036 1,691 150,713
FWD SINGAPORE 0 0 0 0 0 0 0 0
GARD (BERMUDA) 1 0 0 0 0 0 0 0 0
GARD MARINE 0 0 0 0 0 0 0 0
GEG 929 29 0 1,263 0 161 2,106 4,489
DIRECT INSURERS
REINSURANCE CEDED IN SINGAPORE
TABLE G9 GENERAL INSURANCE: PREMIUMS OF OFFSHORE INSURANCE FUNDS FOR THE YEAR ENDED 31ST DECEMBER 2019 (PART II)
GREAT AMERICAN 6,143 6,460 0 259 0 1 272 13,134
HDI GLOBAL 832 0 0 0 0 0 0 832
HELVETIA SWISS 0 0 0 0 0 0 0 0
HL ASSURANCE 0 0 0 3 0 0 0 3
INDIA INTERNATIONAL 408 2,365 0 22,869 0 48 72 25,763
JAPAN SHIP OWNERS' 1 0 0 0 0 0 0 0 0
LIBERTY INSURANCE 193 0 0 0 0 3 22 218
LIBERTY SPECIALTY SINGAPORE 0 49 0 -17 0 0 270 303
LLOYD'S ASIA SCHEME -16 -25 0 -39 0 0 258 177
LONPAC 0 0 0 0 0 0 0 0
MSIG 1,846 40 0 247 0 282 10 2,425
NORTH OF ENGLAND P&I 1 0 0 0 0 0 0 0 0
NTUC INCOME 209 40 0 599 0 0 42 891
QBE INS 1,916 83 0 314 0 2,244 1,425 5,983
REARDON 2 0 0 0 0 0 0 0 0
SHIPOWNERS' MUTUAL P&I 0 0 0 0 0 0 0 0
SKULD 1 0 0 0 0 0 0 0 0
SOMPO INS 244 0 0 -3 0 0 1,230 1,471
STANDARD CLUB 1 0 0 0 0 0 0 0 0
STARR INTERNATIONAL 0 0 0 21,142 0 1,129 259 22,530
STEAMSHIP MUTUAL 1 0 0 0 0 0 0 0 0
SWISS RE INTERNATIONAL 0 0 0 0 0 0 0 0
THE WEST OF ENGLAND 1 0 0 0 0 0 0 0 0
TOKIO MARINE INS 856 252 0 2,286 0 294 1,904 5,591
TT CLUB 0 0 0 0 0 0 0 0
UK CLUB (EUROPE) 1 0 0 0 0 0 0 0 0
UOI 231 82 0 5,205 0 37 3,985 9,539
XL INS 1,697 27 0 0 0 0 262 1,985
ZURICH 41 58 0 871 0 142 255 1,368
($'000)
CARGO MARINE HULL AVIATION HULL PROPERTY MOTOR ENGINEERING LIABILITY AND OTHERS TOTAL
ALLIANZ SE 0 0 0 0 0 0 0 0
ASIA CAPITAL RE 2 20 192 3,709 803 0 31 109 4,863
REINSURERS
REINSURANCE CEDED IN SINGAPORE
ASPEN INSURANCE 0 0 0 0 0 0 0 0
CHINA REINSURANCE 0 0 0 0 0 0 0 0
DAVINCI RE 0 0 0 0 0 0 0 0
ENDURANCE SPECIALTY 0 0 0 0 0 0 0 0
EVEREST RE 0 0 0 0 0 0 0 0
FIRST COAST 0 0 0 0 0 0 0 0
GENERAL RE 0 0 0 0 0 0 0 0
IAG RE 90 -37 0 10,998 122 17 335 11,525
KOREAN RE 0 0 0 1,282 0 0 0 1,282
MANATEE 0 0 0 0 0 0 0 0
MAPFRE RE 0 0 0 360 0 0 0 360
MILLI RE 0 0 0 317 0 0 0 317
MUNICH RE 0 0 0 0 0 0 0 0
ODYSSEY RE 0 0 0 0 0 0 0 0
ORCHARD ILS 0 0 0 0 0 0 0 0
PARTNER RE ASIA 0 0 0 0 0 0 0 0
RENAISSANCE RE 0 0 0 0 0 0 0 0
SAMSUNG RE 421 1 0 3,180 0 116 0 3,718
SCOR RE AP 0 0 0 301 0 0 0 301
SINGAPORE RE 791 4,937 0 29,644 1,594 235 6,261 43,462
SIRIUS INTERNATIONAL 0 0 0 0 0 0 0 0
SWISS RE ASIA 0 0 0 0 0 0 0 0
TOA RE 0 0 0 165 64 16 47 292
TRANSATLANTIC REINSURANCE 0 0 0 0 0 0 0 0
VALIDUS RE 0 0 0 0 0 0 0 0
XL BERMUDA 0 0 0 0 0 0 0 0
Notes:
1 Figures are in respect of Marine Mutual Insurers' financial years ended 20 Feb 2019 or 31 Mar
2019.
2 On run-off.
($'000)
CARGO MARINE HULL AVIATION HULL PROPERTY MOTOR ENGINEERING LIABILITY AND OTHERS TOTAL
ACYC 0 0 0 0 0 0 15,537 15,537
AETNA 2 0 0 0 0 0 0 0 0
AETNA S'PORE BRANCH 0 0 0 0 0 0 50 50
AIA SPORE 0 0 0 0 0 0 0 0
AIG ASIA 3,289 174 28,526 19,990 0 8,007 4,156 64,142
ALLIANZ GLOBAL C&S 1,827 452 -27 38,334 0 7,384 3,237 51,208
ALLIED WORLD 6,569 5 0 60,389 641 11,616 7,376 86,597
AUTO & GENERAL 0 0 0 0 0 0 0 0
AVIVA 0 0 0 0 0 0 0 0
AXA INSURANCE 246 94 0 6,638 0 14 17,080 24,072
AXIS SPECIALTY 237 4 0 182,322 5,971 7,101 37,425 233,060
BERKLEY INSURANCE 1,620 580 0 12,493 86 86 1,891 16,756
BERKSHIRE 5,458 2,914 0 109,680 -1,012 9,905 6,369 133,314
CHINA TAIPING 565 19 0 2,638 0 112 123 3,456
CHUBB INS 2,186 1,026 0 13,941 0 3,280 13,066 33,500
CIGNA EUROPE 0 0 0 0 0 0 0 0
COFACE 0 0 0 0 0 0 4,325 4,325
DIRECT ASIA 0 0 0 0 0 0 0 0
ECICS LTD 0 0 0 0 0 0 54 54
EQ INS 36 0 0 6 0 0 2 44
ERGO 61 155 71 1 0 0 158 447
ETIQA PL 121 0 0 0 0 0 0 121
EULER HERMES 0 0 0 0 0 0 23,932 23,932
FACTORY MUTUAL 0 0 0 0 0 0 0 0
FIRST CAPITAL 1,203 20,639 -102 98,832 19,554 5,244 4,455 149,827
FWD SINGAPORE 0 0 0 0 0 0 0 0
GARD (BERMUDA) 1 0 21,476 0 0 0 0 0 21,476
GARD MARINE 0 835 0 0 0 0 0 835
GEG 579 26 0 6,076 0 65 1,330 8,076
DIRECT INSURERS
REINSURANCE CEDED OUTSIDE SINGAPORE
TABLE G9 GENERAL INSURANCE: PREMIUMS OF OFFSHORE INSURANCE FUNDS FOR THE YEAR ENDED 31ST DECEMBER 2019 (PART III)
GREAT AMERICAN 301 738 0 133 0 1 44 1,217
HDI GLOBAL 4,335 0 0 20,251 0 1,608 644 26,839
HELVETIA SWISS 134 150 0 0 0 3,683 0 3,966
HL ASSURANCE 0 0 0 11 0 0 0 11
INDIA INTERNATIONAL 239 7,211 5,684 8,974 0 21 16 22,144
JAPAN SHIP OWNERS' 1 0 0 0 0 0 0 0 0
LIBERTY INSURANCE 39 0 0 21 0 0 489 549
LIBERTY SPECIALTY SINGAPORE 1,513 1,870 0 23,735 0 3,727 139,905 170,751
LLOYD'S ASIA SCHEME 6,735 25,044 62 59,535 149 5,186 32,089 128,799
LONPAC 0 0 0 0 0 0 0 0
MSIG 1,440 784 0 1,736 349 1,186 550 6,045
NORTH OF ENGLAND P&I 1 0 0 0 0 0 0 0 0
NTUC INCOME 65 23 0 231 0 0 25 344
QBE INS 345 7,667 0 4,500 41 7,792 21,701 42,047
REARDON 2 0 0 0 0 0 0 0 0
SHIPOWNERS' MUTUAL P&I 0 61,445 0 0 0 0 0 61,445
SKULD 1 0 9,105 0 0 0 0 0 9,105
SOMPO INS 1,066 1 0 4,361 0 249 370 6,047
STANDARD CLUB 1 0 30,911 0 0 0 0 0 30,911
STARR INTERNATIONAL 4,582 0 0 119,759 0 19,670 3,104 147,115
STEAMSHIP MUTUAL 1 0 3,989 0 0 0 0 0 3,989
SWISS RE INTERNATIONAL 3,263 5,128 178 47,015 0 9,288 44,760 109,632
THE WEST OF ENGLAND 1 0 4,213 0 0 0 0 0 4,213
TOKIO MARINE INS 4,359 268 0 84,709 701 3,695 16,098 109,830
TT CLUB 0 2,582 0 0 0 0 0 2,582
UK CLUB (EUROPE) 1 0 0 0 0 0 0 0 0
UOI 19 1 0 4,144 0 20 961 5,146
XL INS 5,892 15,591 5,339 49,751 0 4,934 76,855 158,362
ZURICH 3,964 150 0 45,846 0 11,044 30,556 91,560
($'000)
CARGO MARINE HULL AVIATION HULL PROPERTY MOTOR ENGINEERING LIABILITY AND OTHERS TOTAL
ALLIANZ SE 2,399 1,487 0 57,691 2,349 3,795 2,892 70,613
ASIA CAPITAL RE 2 1,279 19,431 23,536 40,354 59 4,371 3,679 92,709
REINSURERS
REINSURANCE CEDED OUTSIDE SINGAPORE
ASPEN INSURANCE 2,073 494 0 25,128 0 0 10,373 38,068
CHINA REINSURANCE 36 1,182 -61 12,662 614 147 191 14,770
DAVINCI RE 0 0 0 13,226 0 0 0 13,226
ENDURANCE SPECIALTY 3,486 1,830 0 76,146 439 506 276 82,683
EVEREST RE 0 0 0 0 0 0 0 0
FIRST COAST 0 0 0 0 0 0 0 0
GENERAL RE 80 0 0 1,328 16 1 103 1,528
IAG RE -115 749 0 83,299 -25,444 416 2,567 61,472
KOREAN RE 1 236 0 12,624 0 1 -811 12,051
MANATEE 0 0 0 0 0 0 0 0
MAPFRE RE 0 0 0 16,536 0 1,032 0 17,568
MILLI RE 0 0 0 984 0 0 0 984
MUNICH RE 232 0 0 4,552 906 2,899 225 8,813
ODYSSEY RE 0 0 0 10,551 48 0 0 10,599
ORCHARD ILS 0 0 0 4,057 0 0 0 4,057
PARTNER RE ASIA 5,155 9,901 19,022 252,928 45,991 15,419 101,092 449,509
RENAISSANCE RE 731 126 0 69,326 73 0 47,286 117,542
SAMSUNG RE 13,081 60 0 49,750 93 5,064 5,002 73,050
SCOR RE AP -9 -24 0 36,019 67 2,325 112 38,490
SINGAPORE RE 359 2,955 0 28,845 726 1,800 -197 34,488
SIRIUS INTERNATIONAL 303 2,948 0 70,786 0 583 959 75,578
SWISS RE ASIA 3,743 -19,476 -210 302,410 568,153 12,187 221,162 1,087,969
TOA RE 70 24 0 177 69 18 50 407
TRANSATLANTIC REINSURANCE 0 0 0 39 0 0 0 39
VALIDUS RE 3 11 0 1,549 0 0 0 1,563
XL BERMUDA 537 49 0 26,179 29 35 237 27,067
Notes:
1 Figures are in respect of Marine Mutual Insurers' financial years ended 20 Feb 2019 or 31 Mar 2019.
2 On run-off.
($'000)
CARGO MARINE HULL AVIATION HULL PROPERTY MOTOR ENGINEERING LIABILITY AND OTHERS TOTAL
ACYC 0 0 0 0 0 0 10,494 10,494
AETNA 2 0 0 0 0 0 0 0 0
AETNA S'PORE BRANCH 0 0 0 0 0 0 6,332 6,332
AIA SPORE 0 0 0 0 0 0 0 0
AIG ASIA 1,413 93 0 8,828 0 2,965 2,047 15,347
ALLIANZ GLOBAL C&S 5,707 12,339 -54 36,083 0 40,463 23,617 118,155
ALLIED WORLD 1,046 1 0 5,559 101 854 1,125 8,686
AUTO & GENERAL 0 0 0 0 0 0 0 0
AVIVA 0 0 0 0 0 0 0 0
AXA INSURANCE 804 153 0 4,975 0 105 576 6,612
AXIS SPECIALTY 61 -2 0 34,696 1,854 2,257 8,885 47,750
BERKLEY INSURANCE 1,865 720 0 10,418 734 261 11,947 25,944
BERKSHIRE 1,335 711 0 26,625 -253 2,397 1,531 32,346
CHINA TAIPING 1,080 1,288 0 9,791 2,686 71 3,044 17,960
CHUBB INS 3,044 1,733 0 10,099 5 1,552 9,080 25,514
CIGNA EUROPE 0 0 0 0 0 0 0 0
COFACE 0 0 0 0 0 0 7,723 7,723
DIRECT ASIA 0 0 0 0 0 0 0 0
ECICS LTD 0 0 0 0 0 0 30 30
EQ INS 149 6 0 14 0 0 168 336
ERGO 427 0 0 8 0 0 -46 389
ETIQA PL 304 68 0 8,791 0 0 0 9,163
EULER HERMES 0 0 0 0 0 0 3,548 3,548
FACTORY MUTUAL 0 0 0 0 0 0 0 0
FIRST CAPITAL 240 25,214 -1 27,035 72,265 1,713 9,994 136,459
FWD SINGAPORE 0 0 0 0 0 0 0 0
GARD (BERMUDA) 1 0 10,568 0 0 0 0 0 10,568
GARD MARINE 0 717 0 0 0 0 0 717
GEG 920 42 0 2,138 0 115 410 3,625
DIRECT INSURERS
NET PREMIUMS
TABLE G9 GENERAL INSURANCE: PREMIUMS OF OFFSHORE INSURANCE FUNDS FOR THE YEAR ENDED 31ST DECEMBER 2019 (PART IV)
GREAT AMERICAN 11,800 18,602 0 732 0 -2 2,673 33,805
HDI GLOBAL 1,384 15 0 17,250 0 1,500 1,081 21,229
HELVETIA SWISS 4,387 -2 0 329 0 11,605 9 16,327
HL ASSURANCE 0 0 0 1 0 0 0 1
INDIA INTERNATIONAL 1,585 27,501 156 6,708 0 16 41 36,008
JAPAN SHIP OWNERS' 1 0 0 0 0 0 0 0 0
LIBERTY INSURANCE 1,292 0 0 126 0 177 5,745 7,341
LIBERTY SPECIALTY SINGAPORE 2,968 947 0 9,042 0 9,773 45,946 68,676
LLOYD'S ASIA SCHEME 68,898 120,161 8,377 352,350 2,273 8,827 123,411 684,298
LONPAC 0 0 0 0 0 0 0 0
MSIG 7,513 -1 0 9 0 63 181 7,766
NORTH OF ENGLAND P&I 1 0 0 0 0 0 0 0 0
NTUC INCOME 296 91 0 469 0 10 7 871
QBE INS 5,048 6,109 0 2,169 -10 6,833 12,986 33,135
REARDON 2 0 0 0 0 0 0 0 0
SHIPOWNERS' MUTUAL P&I 0 34,779 0 0 0 0 0 34,779
SKULD 1 0 2,577 0 0 0 0 0 2,577
SOMPO INS 3,468 0 0 -10 0 40 225 3,723
STANDARD CLUB 1 0 9,561 0 0 0 0 0 9,561
STARR INTERNATIONAL 202 0 0 1,112 0 231 1,739 3,284
STEAMSHIP MUTUAL 1 0 2,716 0 0 0 0 0 2,716
SWISS RE INTERNATIONAL -137 109 -203 5,979 0 1,914 4,690 12,351
THE WEST OF ENGLAND 1 0 2,255 0 0 0 0 0 2,255
TOKIO MARINE INS 4,935 5 0 -124 0 6 272 5,094
TT CLUB 0 967 0 0 0 0 0 967
UK CLUB (EUROPE) 1 0 0 0 0 0 0 0 0
UOI 225 66 0 7,818 0 206 5,317 13,633
XL INS 12,846 6,124 2,529 -2,754 0 1,968 23,096 43,811
ZURICH 2,490 76 0 21,206 0 777 3,279 27,828
($'000)
CARGO MARINE HULL AVIATION HULL PROPERTY MOTOR ENGINEERING LIABILITY AND OTHERS TOTAL
ALLIANZ SE 7,781 11,198 -11 699,860 317,150 24,401 18,173 1,078,552
ASIA CAPITAL RE 2 26,482 63,100 19,704 248,709 112,989 19,755 73,290 564,029
REINSURERS
NET PREMIUMS
ASPEN INSURANCE 714 170 0 6,941 0 0 7,183 15,007
CHINA REINSURANCE 3,645 1,917 86 98,486 17,378 8,203 35,101 164,816
DAVINCI RE 0 0 0 11,245 0 0 0 11,245
ENDURANCE SPECIALTY 5,984 3,242 0 131,258 6,503 2,192 2,888 152,067
EVEREST RE 2,871 1,260 0 227,218 22,067 18,132 34,495 306,043
FIRST COAST 0 0 0 7,635 0 0 0 7,635
GENERAL RE 8 310 0 5,333 64 -2 419 6,133
IAG RE 1,596 947 0 165,250 589 7,865 1,437 177,683
KOREAN RE 3,767 2,061 38 48,939 12,312 2,620 19,605 89,340
MANATEE 0 0 0 4,987 0 0 0 4,987
MAPFRE RE 1,876 2,732 1 37,273 6,830 13,989 3,334 66,034
MILLI RE 306 276 0 21,913 222 3,153 212 26,082
MUNICH RE 7,765 3,044 0 64,526 89,101 38,341 27,677 230,454
ODYSSEY RE 4,381 8,719 0 287,171 3,905 2,733 43,676 350,585
ORCHARD ILS 0 0 0 4,305 0 0 0 4,305
PARTNER RE ASIA 4,228 9,918 19,021 114,022 45,919 15,419 101,092 309,619
RENAISSANCE RE 231 24 0 28,351 26 0 15,960 44,591
SAMSUNG RE 17,060 6 0 28,272 11 3,209 3,805 52,363
SCOR RE AP 5,853 2,972 0 136,607 2,050 13,092 2,578 163,152
SINGAPORE RE 880 2,087 0 24,139 1,784 387 4,718 33,994
SIRIUS INTERNATIONAL -17 -164 0 2,320 0 19 334 2,493
SWISS RE ASIA 101,617 141,354 14,672 1,597,971 250,936 403,078 162,372 2,671,999
TOA RE 2,893 1,375 0 36,140 45,437 3,118 5,388 94,351
TRANSATLANTIC REINSURANCE 509 392 0 42,946 9,818 986 11,647 66,299
VALIDUS RE 702 5,509 0 37,963 0 0 5,663 49,838
XL BERMUDA 3,043 7,124 0 133,088 2,650 550 24,247 170,703
Notes:
1 Figures are in respect of Marine Mutual Insurers' financial years ended 20 Feb 2019 or 31 Mar 2019.
2 On run-off.
($'000)
DIRECT INSURERS CHANGE IN PREMIUM LIABILITES EARNED PREMIUMS
ACYC 1,651 8,843
AETNA 2 0 0
AETNA S'PORE BRANCH 495 5,837
AIA SPORE 0 0
AIG ASIA 2,011 13,336
ALLIANZ GLOBAL C&S 3,168 114,987
ALLIED WORLD 518 8,167
AUTO & GENERAL 0 0
AVIVA 0 0
AXA INSURANCE -753 7,365
AXIS SPECIALTY 8,086 39,664
BERKLEY INSURANCE 2,352 23,592
BERKSHIRE -4,929 37,275
CHINA TAIPING -360 18,319
CHUBB INS -3,363 28,877
CIGNA EUROPE 0 0
COFACE -3,253 10,977
DIRECT ASIA 0 0
ECICS LTD 0 29
EQ INS -110 445
ERGO -173 562
ETIQA PL 377 8,786
EULER HERMES 3,210 339
FACTORY MUTUAL 0 0
FIRST CAPITAL 20,906 115,553
FWD SINGAPORE 0 0
GARD (BERMUDA) 1 0 10,568
GARD MARINE 35 682
GEG 233 3,392
GREAT AMERICAN 2,516 31,288
HDI GLOBAL -3,449 24,678
HELVETIA SWISS 4,123 12,204
HL ASSURANCE 0 1
INDIA INTERNATIONAL 2,039 33,969
JAPAN SHIP OWNERS' 1 0 0
LIBERTY INSURANCE 1,069 6,272
LIBERTY SPECIALTY SINGAPORE 16,076 52,600
LLOYD'S ASIA SCHEME 19,683 664,614
LONPAC 0 0
MSIG 315 7,452
NORTH OF ENGLAND P&I 1 0 0
NTUC INCOME -182 1,054
QBE INS 8,487 24,648
REARDON 2 0 0
SHIPOWNERS' MUTUAL P&I 2,793 31,986
SKULD 1 -92 2,668
SOMPO INS 33 3,690
STANDARD CLUB 1 14 9,547
STARR INTERNATIONAL 4,714 -1,430
TABLE G9 GENERAL INSURANCE: PREMIUMS OF OFFSHORE INSURANCE FUNDS FOR THE YEAR ENDED
31ST DECEMBER 2019 (PART IV)
STEAMSHIP MUTUAL 1 0 2,716
SWISS RE INTERNATIONAL -28,908 41,259
THE WEST OF ENGLAND 1 0 2,255
TOKIO MARINE INS 139 4,955
TT CLUB 47 920
UK CLUB (EUROPE) 1 0 0
UOI 741 12,892
XL INS -5,569 49,380
ZURICH 7,968 19,860
($'000)
REINSURERS CHANGE IN PREMIUM LIABILITES EARNED PREMIUMS
ALLIANZ SE 147,209 931,342
ASIA CAPITAL RE 2 44,349 519,680
ASPEN INSURANCE -1,482 16,489
CHINA REINSURANCE 13,917 150,899
DAVINCI RE 320 10,925
ENDURANCE SPECIALTY 2,932 149,135
EVEREST RE 5,785 300,258
FIRST COAST 1,218 6,417
GENERAL RE 1,349 4,784
IAG RE 3,894 173,789
KOREAN RE -1,719 91,059
MANATEE 762 4,226
MAPFRE RE 3,463 62,571
MILLI RE -860 26,942
MUNICH RE 11,751 218,703
ODYSSEY RE 28,008 322,578
ORCHARD ILS 4,014 291
PARTNER RE ASIA 29,803 279,816
RENAISSANCE RE 10,295 34,296
SAMSUNG RE 3,215 49,149
SCOR RE AP 4,105 159,047
SINGAPORE RE 4,534 29,460
SIRIUS INTERNATIONAL 7,443 -4,950
SWISS RE ASIA 77,944 2,594,055
TOA RE 22,872 71,479
TRANSATLANTIC REINSURANCE 2,758 63,541
VALIDUS RE 4,169 45,669
XL BERMUDA -26,212 196,915
Notes:
1 Figures are in respect of Marine Mutual Insurers' financial years ended 20 Feb 2019 or 31 Mar 2019.
2 On run-off.
($'000)
DIRECT INSURERS EARNED PREMIUMS NET CLAIMS INCURREDMANAGEMENT
EXPENSES
DISTRIBUTION
EXPENSES
UNDERWRITING
PROFIT (LOSS)
NET INVESTMENT
INCOME
OPERATING PROFIT
(LOSS)
ACYC 8,843 4,468 6,689 -1,508 -806 166 -641
AETNA 2 0 -83 30 0 53 18 70
AETNA S'PORE BRANCH 5,837 3,914 2,253 379 -708 97 -611
AIA SPORE 0 0 0 0 0 0 0
AIG ASIA 13,336 25,448 18,299 -11,358 -19,054 1,316 -17,738
ALLIANZ GLOBAL C&S 114,987 52,712 29,270 14,761 18,244 17,723 35,967
ALLIED WORLD 8,167 5,676 22,580 -18,059 -2,029 5,181 3,151
AUTO & GENERAL 0 0 0 0 0 0 0
AVIVA 0 0 0 0 0 0 0
AXA INSURANCE 7,365 -216 6,710 -605 1,477 274 1,750
AXIS SPECIALTY 39,664 68,691 3,646 5,141 -37,813 5,738 -32,075
BERKLEY INSURANCE 23,592 18,116 8,758 7,179 -10,460 2,499 -7,961
BERKSHIRE 37,275 17,212 6,481 -11,561 25,144 1,053 26,197
CHINA TAIPING 18,319 13,287 3,346 5,329 -3,643 848 -2,795
CHUBB INS 28,877 10,023 7,230 5,817 5,807 3,646 9,452
CIGNA EUROPE 0 0 0 0 0 0 0
COFACE 10,977 9,061 7,314 2,910 -8,308 1,530 -6,778
DIRECT ASIA 0 0 0 0 0 0 0
ECICS LTD 29 0 62 -12 -21 32 12
EQ INS 445 155 17 76 197 9 206
ERGO 562 161 439 135 -172 4 -168
ETIQA PL 8,786 1,717 1,390 4,672 1,007 102 1,110
EULER HERMES 339 -1,916 8,162 -5,139 -767 599 -168
FACTORY MUTUAL 0 0 0 0 0 0 0
FIRST CAPITAL 115,553 100,414 13,983 -37,827 38,983 9,488 48,471
FWD SINGAPORE 0 0 0 0 0 0 0
GARD (BERMUDA) 1 10,568 10,939 268 335 -975 396 -579
GARD MARINE 682 598 13 196 -126 124 -2
GEG 3,392 1,241 1,926 -742 968 244 1,212
GREAT AMERICAN 31,288 30,809 7,610 5,781 -12,913 935 -11,977
HDI GLOBAL 24,678 19,586 3,912 644 536 1,298 1,834
TABLE G10 GENERAL INSURANCE: OPERATING RESULTS OF OFFSHORE INSURANCE FUNDS FOR THE YEAR ENDED 31ST DECEMBER 2019 (PART I)
HELVETIA SWISS 12,204 11,088 4,916 2,223 -6,023 688 -5,335
HL ASSURANCE 1 1 5 -3 -3 0 -3
INDIA INTERNATIONAL 33,969 43,961 6,009 -442 -15,559 9,529 -6,030
JAPAN SHIP OWNERS' 1 0 0 0 0 0 0 0
LIBERTY INSURANCE 6,272 2,685 968 1,123 1,495 311 1,806
LIBERTY SPECIALTY SINGAPORE 52,600 20,993 23,241 9,479 -1,114 7,919 6,804
LLOYD'S ASIA SCHEME 664,614 428,707 82,658 131,412 21,837 20,232 42,069
LONPAC 0 0 0 0 0 0 0
MSIG 7,452 4,147 4,427 229 -1,352 467 -885
NORTH OF ENGLAND P&I 1 0 0 0 0 0 0 0
NTUC INCOME 1,054 2,401 387 -32 -1,703 158 -1,545
QBE INS 24,648 5,244 12,128 1,626 5,650 1,993 7,644
REARDON 2 0 -992 869 0 123 287 410
SHIPOWNERS' MUTUAL P&I 31,986 10,601 15,314 11,828 -5,757 18 -5,739
SKULD 1 2,668 642 1,828 -307 505 0 505
SOMPO INS 3,690 701 1,623 -52 1,418 4,771 6,189
STANDARD CLUB 1 9,547 -1,212 6,798 3,276 685 118 803
STARR INTERNATIONAL -1,430 23 8,095 -17,459 7,911 12,628 20,538
STEAMSHIP MUTUAL 1 2,716 1,117 156 1,392 51 159 210
SWISS RE INTERNATIONAL 41,259 4,322 27,838 840 8,259 5,490 13,748
THE WEST OF ENGLAND 1 2,255 749 980 1,012 -486 0 -486
TOKIO MARINE INS 4,955 1,884 4,297 -5,634 4,408 1,871 6,279
TT CLUB 920 339 525 293 -236 -6 -243
UK CLUB (EUROPE) 1 0 -11 0 0 11 8 19
UOI 12,892 7,786 2,651 530 1,925 3,777 5,701
XL INS 49,380 54,406 21,676 5,591 -32,293 13,008 -19,285
ZURICH 19,860 19,310 24,283 -9,075 -14,658 3,145 -11,513
($'000)
REINSURERS EARNED PREMIUMS NET CLAIMS INCURREDMANAGEMENT
EXPENSES
DISTRIBUTION
EXPENSES
UNDERWRITING
PROFIT (LOSS)
NET INVESTMENT
INCOME
OPERATING PROFIT
(LOSS)
ALLIANZ SE 931,342 730,971 21,597 286,787 -108,014 69,197 -38,816
ASIA CAPITAL RE 2 519,680 450,731 23,742 130,341 -85,135 85,181 47
ASPEN INSURANCE 16,489 7,961 9,134 1,585 -2,192 7,610 5,418
CHINA REINSURANCE 150,899 146,889 5,512 37,799 -39,301 2,170 -37,131
DAVINCI RE 10,925 23,503 2,381 275 -15,235 637 -14,598
ENDURANCE SPECIALTY 149,135 106,125 16,650 42,451 -16,091 8,662 -7,429
EVEREST RE 300,258 551,637 12,732 50,736 -314,847 47,148 -267,699
FIRST COAST 6,417 0 2,053 0 4,363 -4,259 105
GENERAL RE 4,784 1,231 1,816 -500 2,236 398 2,634
IAG RE 173,789 20,181 3,542 23,318 126,748 43,381 170,129
KOREAN RE 91,059 52,295 3,201 27,625 7,938 6,968 14,906
MANATEE 4,226 0 1,801 0 2,424 -2,387 37
MAPFRE RE 62,571 32,192 3,340 18,082 8,957 3,146 12,103
MILLI RE 26,942 28,724 2,368 6,448 -10,599 1,325 -9,274
MUNICH RE 218,703 120,350 17,988 61,678 18,687 7,565 26,252
ODYSSEY RE 322,578 386,298 11,159 67,262 -142,141 26,533 -115,608
ORCHARD ILS 291 0 71 0 220 803 1,022
PARTNER RE ASIA 279,816 213,234 14,124 55,331 -2,874 32,584 29,710
RENAISSANCE RE 34,296 32,738 13,183 -2,427 -9,197 2,056 -7,141
SAMSUNG RE 49,149 29,807 5,524 7,074 6,744 1,645 8,388
SCOR RE AP 159,047 88,247 13,237 44,994 12,569 26,468 39,037
SINGAPORE RE 29,460 22,893 4,694 7,158 -5,285 2,181 -3,104
SIRIUS INTERNATIONAL -4,950 -16,796 8,447 859 2,540 7,233 9,773
SWISS RE ASIA 2,594,055 2,118,341 138,955 642,105 -305,345 102,369 -202,977
TOA RE 71,479 51,101 3,374 36,517 -19,513 8,061 -11,451
TRANSATLANTIC REINSURANCE 63,541 46,894 6,399 10,781 -533 2,534 2,001
VALIDUS RE 45,669 50,550 5,628 12,297 -22,806 3,401 -19,405
XL BERMUDA 196,915 158,488 22,339 34,399 -18,311 25,978 7,666
Notes:
1 Figures are in respect of Marine Mutual Insurers' financial years ended 20 Feb 2019 or 31 Mar 2019.
2 On run-off.
NET CLAIMS INCURREDMANAGEMENT
EXPENSES
DISTRIBUTION
EXPENSES
UNDERWRITING
PROFIT (LOSS)
ACYC 50.5 75.6 -17 -9.1
AETNA 2 - - - -
AETNA S'PORE BRANCH 67 38.6 6.5 -12.1
AIA SPORE - - - -
AIG ASIA 190.8 137.2 -85.2 -142.9
ALLIANZ GLOBAL C&S 45.8 25.5 12.8 15.9
ALLIED WORLD 69.5 276.5 -221.1 -24.8
AUTO & GENERAL - - - -
AVIVA - - - -
AXA INSURANCE -2.9 91.1 -8.2 20
AXIS SPECIALTY 173.2 9.2 13 -95.3
BERKLEY INSURANCE 76.8 37.1 30.4 -44.3
BERKSHIRE 46.2 17.4 -31 67.5
CHINA TAIPING 72.5 18.3 29.1 -19.9
CHUBB INS 34.7 25 20.1 20.1
CIGNA EUROPE - - - -
COFACE 82.5 66.6 26.5 -75.7
DIRECT ASIA - - - -
ECICS LTD 0 209.6 -39.4 -70.1
EQ INS 34.9 3.8 17 44.3
ERGO 28.6 78 24 -30.6
ETIQA PL 19.5 15.8 53.2 11.5
EULER HERMES -565.6 2,408.7 -1,516.7 -226.5
FACTORY MUTUAL - - - -
FIRST CAPITAL 86.9 12.1 -32.7 33.7
FWD SINGAPORE - - - -
GARD (BERMUDA) 1 103.5 2.5 3.2 -9.2
GARD MARINE 87.7 2 28.7 -18.4
GEG 36.6 56.8 -21.9 28.5
GREAT AMERICAN 98.5 24.3 18.5 -41.3
HDI GLOBAL 79.4 15.9 2.6 2.2
HELVETIA SWISS 90.9 40.3 18.2 -49.4
HL ASSURANCE 190.2 933.4 -497.1 -526.6
INDIA INTERNATIONAL 129.4 17.7 -1.3 -45.8
JAPAN SHIP OWNERS' 1 - - - -
LIBERTY INSURANCE 42.8 15.4 17.9 23.8
LIBERTY SPECIALTY SINGAPORE 39.9 44.2 18 -2.1
LLOYD'S ASIA SCHEME 64.5 12.4 19.8 3.3
LONPAC - - - -
MSIG 55.7 59.4 3.1 -18.1
NORTH OF ENGLAND P&I 1 - - - -
NTUC INCOME 227.9 36.7 -3 -161.6
QBE INS 21.3 49.2 6.6 22.9
REARDON 2 - - - -
SHIPOWNERS' MUTUAL P&I 33.1 47.9 37 -18
SKULD 1 24.1 68.5 -11.5 18.9
SOMPO INS 19 44 -1.4 38.4
STANDARD CLUB 1 -12.7 71.2 34.3 7.2
STARR INTERNATIONAL -1.6 -566 1,220.7 -553.1
TABLE G10 GENERAL INSURANCE: OPERATING RESULTS OF OFFSHORE INSURANCE FUNDS FOR THE YEAR ENDED 31ST
DECEMBER 2019 (PART II)
DIRECT INSURERS
% OF EARNED PREMIUMS
STEAMSHIP MUTUAL 1 41.1 5.8 51.2 1.9
SWISS RE INTERNATIONAL 10.5 67.5 2 20
THE WEST OF ENGLAND 1 33.2 43.4 44.9 -21.5
TOKIO MARINE INS 38 86.7 -113.7 89
TT CLUB 36.8 57.1 31.8 -25.7
UK CLUB (EUROPE) 1 - - - -
UOI 60.4 20.6 4.1 14.9
XL INS 110.2 43.9 11.3 -65.4
ZURICH 97.2 122.3 -45.7 -73.8
NET CLAIMS INCURREDMANAGEMENT
EXPENSES
DISTRIBUTION
EXPENSES
UNDERWRITING
PROFIT (LOSS)
ALLIANZ SE 78.5 2.3 30.8 -11.6
ASIA CAPITAL RE 2 86.7 4.6 25.1 -16.4
ASPEN INSURANCE 48.3 55.4 9.6 -13.3
CHINA REINSURANCE 97.3 3.7 25 -26
DAVINCI RE 215.1 21.8 2.5 -139.4
ENDURANCE SPECIALTY 71.2 11.2 28.5 -10.8
EVEREST RE 183.7 4.2 16.9 -104.9
FIRST COAST 0 32 0 68
GENERAL RE 25.7 38 -10.5 46.7
IAG RE 11.6 2 13.4 72.9
KOREAN RE 57.4 3.5 30.3 8.7
MANATEE 0 42.6 0 57.4
MAPFRE RE 51.4 5.3 28.9 14.3
MILLI RE 106.6 8.8 23.9 -39.3
MUNICH RE 55 8.2 28.2 8.5
ODYSSEY RE 119.8 3.5 20.9 -44.1
ORCHARD ILS 0 24.5 0 75.5
PARTNER RE ASIA 76.2 5 19.8 -1
RENAISSANCE RE 95.5 38.4 -7.1 -26.8
SAMSUNG RE 60.6 11.2 14.4 13.7
SCOR RE AP 55.5 8.3 28.3 7.9
SINGAPORE RE 77.7 15.9 24.3 -17.9
SIRIUS INTERNATIONAL 339.3 -170.6 -17.4 -51.3
SWISS RE ASIA 81.7 5.4 24.8 -11.8
TOA RE 71.5 4.7 51.1 -27.3
TRANSATLANTIC REINSURANCE 73.8 10.1 17 -0.8
VALIDUS RE 110.7 12.3 26.9 -49.9
XL BERMUDA 80.5 11.3 17.5 -9.3
REINSURERS
% OF EARNED PREMIUMS
Notes:
1 Figures are in respect of Marine Mutual Insurers' financial years ended 20 Feb 2019 or 31 Mar 2019.
2 On run-off.