the in t e r n at i o n a l fact b o ok · modernization act in november 1999. ... taiwan...
TRANSCRIPT
2003
FACT B OOK
Insurance Information Institute
The IN T E R N AT I O N A LINSURANCE
IFB. FINAL5.29.03 5/29/03 2:41 PM Page i
TO THE READER
Forty years ago, recognizing the need for accurate, concise and readily available information
about the property/casualty insurance business, the Insurance Information Institute began pub-
lishing the I.I.I. Fact Book. This book has now become the definitive resource for reporters,
researchers and others looking for facts and figures on the industry.
We reached another milestone with the creation of the Financial Services Fact Book,
which was launched not long after Congress passed the Gramm-Leach-Bliley Financial Services
Modernization Act in November 1999. The Act swept away 1930s legislation preventing insurance
companies, banks and securities firms from expanding into other financial services businesses.
A few years ago, we developed a Web site for international insurance facts in response to
the increasing globalization of the insurance business. This year we decided to expand that mate-
rial and produce a book, the I.I.I. International Insurance Fact Book, to coincide with the 39th
International Insurance Society seminar being held in New York City.
We could not have undertaken this project without help from many organizations that
collect international insurance data. We are especially grateful for the generous assistance of
Axco, a London-based insurance information service, and Swiss Re, which publishes the interna-
tional research journal, sigma.
The information included in this book, which covers 90 countries, comes from a variety
of sources. We have attempted to standardize the information as much as possible, though prac-
tices such as address formats vary widely from country to country and from source to source.
Although we have tried to provide comparable information for each country, the availability of
data varies, so some items are less complete or up-to-date than others. Most important, however,
the Web site version of the International Insurance Fact Book, which can be accessed online at
www.iii.org or www.internationalinsurance.org, will be updated as new information becomes
available.
We hope you find this book and the Web site useful.
Gordon Stewart, President
Insurance Information Institute
©2003 Insurance Information Institute. ISBN 0-932387-49-7
IFB. FINAL5.29.03 5/29/03 2:41 PM Page ii
Contents
Chapter 1: World Overview ............................................................................1
Chapter 2: World Rankings .....................................................................................7
Chapter 3: Country Profiles ..................................................................................13
Contents
Algeria.................................................14
Argentina ............................................15
Australia .............................................16
Austria ................................................17
Bahamas.............................................18
Bahrain ...............................................19
Bangladesh .........................................20
Barbados.............................................21
Belgium ..............................................22
Bermuda.............................................23
Brazil ..................................................24
Bulgaria ..............................................25
Canada................................................26
Chile....................................................27
China (People’s Republic of) .............28
Colombia ............................................29
Costa Rica...........................................30
Croatia ................................................31
Cyprus.................................................32
Czech Republic ..................................33
Denmark.............................................34
Dominican Republic ..........................35
Ecuador ..............................................36
Egypt...................................................37
El Salvador .........................................38
Finland................................................39
France .................................................40
Germany .............................................41
Greece .................................................42
Guatemala ..........................................43
Honduras............................................44
Hong Kong .........................................45
Hungary..............................................46
Iceland ................................................47
India....................................................48
Indonesia ............................................49
Iran .....................................................50
Ireland ................................................51
Israel ...................................................52
Italy .....................................................53
Ivory Coast .........................................54
Jamaica...............................................55
Japan...................................................56
Jordan.................................................57
Kenya..................................................58
Kuwait ................................................59
Lebanon..............................................60
Luxembourg .......................................61
Malaysia..............................................62
Malta...................................................63
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Mauritius ............................................64
Mexico ................................................65
Morocco..............................................66
Netherlands ........................................67
New Zealand ......................................68
Nigeria ................................................69
Norway ...............................................70
Oman ..................................................71
Pakistan ..............................................72
Panama...............................................73
Peru.....................................................74
Philippines..........................................75
Poland.................................................76
Portugal ..............................................77
Romania .............................................78
Russia .................................................79
Saudi Arabia.......................................80
Singapore ...........................................81
Slovakia ..............................................82
Slovenia ..............................................83
South Africa .......................................84
South Korea .......................................85
Spain...................................................86
Sri Lanka ............................................87
Sweden ...............................................88
Switzerland ........................................89
Taiwan ................................................90
Thailand..............................................91
Trinidad and Tobago..........................92
Tunisia ................................................93
Turkey .................................................94
Ukraine ...............................................95
United Arab Emirates (UAE) ............96
United Kingdom.................................97
United States ......................................98
Uruguay ..............................................99
Venezuela..........................................100
Vietnam ............................................101
Yugoslavia.........................................102
Zimbabwe.........................................103
Chapter 4: Appendices .......................................................................................104
Maps..............................................................................................................................104
Resources......................................................................................................................113
Insurance Information Institute, Affiliated Offices
and Representatives...............................................................................................116
Insurance Information Institute Board of Directors ............................Inside back cover
IFB. FINAL5.29.03 5/29/03 2:41 PM Page iv
www.iii.org or www.insurance.info I.I.I. International Insurance Fact Book 2003 1
Gross domesticPopulation product2
Country in 20021 (U.S. $ billions)
Algeria 32,277,942 $177.0
Argentina 37,812,817 453.0
Australia 19,546,792 465.9
Austria 8,169,929 220.0
Bahamas 300,529 5.0
Bahrain 656,397 8.4
Bangladesh 133,376,684 230.0
Barbados 276,607 4.0
Belgium 10,274,595 267.7
Brazil 176,029,560 1,340.0
Bulgaria 7,621,337 48.0
Canada 31,902,268 875.0
Chile 15,498,930 153.0
Gross domesticPopulation product2
Country in 20021 (U.S. $ billions)
China, PR 1,284,303,705 5,560.0
Colombia 41,008,227 $255.0
Costa Rica 3,834,934 31.9
Croatia 4,390,751 36.1
Cyprus 767,314 9.1
Czech Republic 10,256,760 147.9
Denmark 5,368,854 149.8
Dominican Republic 8,721,594 50.0
Ecuador 13,447,494 39.6
Egypt 70,712,345 258.0
El Salvador 6,353,681 28.4
Finland 5,183,545 133.5
France 59,765,983 1,510.0
WORLD LIFE AND NONLIFE INSURANCE PREMIUMS, 1992-2001(Direct premiums written, U.S. $ millions)
Year Nonlife1 Life Total
1992 $697,503 $768,436 $1,465,939
1993 792,087 1,010,490 1,802,731
1994 846,600 1,121,186 1,967,787
1995 906,781 1,236,627 2,143,408
1996 909,100 1,196,736 2,105,838
1997 896,873 1,231,798 2,128,671
1998 891,352 1,275,053 2,166,405
1999 912,749 1,424,203 2,336,952
2000 926,503 1,518,401 2,444,904
2001 969,074 1,439,177 2,408,2521Includes accident and health insurance.
Source: Swiss Re, sigma, No. 6/2002.
POPULATION AND GROSS DOMESTIC PRODUCT BY COUNTRY, 2001
(table continues)
Chapter 1: World Overview
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2 I.I.I. International Insurance Fact Book 2003
POPULATION AND GROSS DOMESTIC PRODUCT BY COUNTRY, 2001 (Cont’d)
1As of July, 2002. 2Estimated.Source: U.S. Central Intelligence Agency, World Factbook 2002.
Gross domesticPopulation product2
Country in 20021 (U.S. $ billions)
Germany 83,251,851 2,174.0
Greece 10,645,343 $189.7
Guatemala 13,314,079 48.3
Honduras 6,560,608 17.0
Hong Kong 7,303,334 180.0
Hungary 10,075,034 120.9
Iceland 279,384 6.9
India 1,045,845,226 2,500.0
Indonesia 231,328,092 687.0
Iran 66,622,704 426.0
Ireland 3,883,159 104.7
Israel 6,029,529 119.0
Italy 57,715,625 1,402.0
Ivory Coast 16,804,784 25.5
Jamaica 2,680,029 9.8
Japan 126,974,628 3,450.0
Jordan 5,307,470 21.6
Kenya 31,138,735 31.0
Kuwait 2,111,561 30.9
Lebanon 3,677,780 18.8
Luxembourg 448,569 19.2
Malaysia 22,662,365 200.0
Malta 397,499 6.0
Mauritius 1,200,206 12.9
Mexico 103,400,165 920.0
Morocco 31,167,783 112.0
Netherlands 16,067,754 413.0
New Zealand 3,908,037 75.4
Nigeria 129,934,911 105.9
Norway 4,525,116 138.7
Oman 2,713,462 21.5
Pakistan 147,663,429 $299.0
Gross domesticPopulation product2
Country in 20021 (U.S. $ billions)
Panama 2,882,329 16.9
Peru 27,949,639 132.0
Philippines 84,525,639 335.0
Poland 38,625,478 339.6
Portugal 10,084,245 174.1
Romania 22,317,730 152.7
Russia 144,978,573 1,200.0
Saudi Arabia 23,513,330 241.0
Singapore 4,452,732 106.3
Slovakia 5,422,366 62.0
Slovenia 1,932,917 31.0
South Africa 43,647,658 412.0
South Korea 48,324,000 865.0
Spain 40,077,100 757.0
Sri Lanka 19,576,783 62.7
Sweden 8,876,744 219.0
Switzerland 7,301,994 226.0
Taiwan 22,548,009 386.0
Thailand 62,354,402 410.0
Trinidad and Tobago 1,163,724 10.6
Tunisia 9,815,644 64.5
Turkey 67,308,928 443.0
UAE 2,445,989 51.0
Ukraine 48,396,470 205.0
United Kingdom 59,778,002 1,470.0
United States 280,562,489 10,082.0
Uruguay 3,386,575 31.0
Venezuela 24,287,670 146.2
Vietnam 81,098,416 168.1
Yugoslavia 10,656,929 24.0
Zimbabwe 11,376,676 28.0
WORLD OVERVIEW
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WORLD OVERVIEW
www.iii.org or www.insurance.info I.I.I. International Insurance Fact Book 2003 3
LIFE AND NONLIFE INSURANCE PREMIUMS, 2001(Direct premiums written, U.S. $ millions)
Total premiums
Nonlife Life Percent of totalCountry premiums1 premiums Amount world premiums
Algeria $272 $13 $285 0.01%
Argentina 4,418 2,569 6,986 0.29
Australia2 12,311 20,394 32,705 1.36
Austria 5,872 5,177 11,049 0.46
Bahamas* 132 180 312 0.01
Bahrain 121 34 156 0.01
Bangladesh* 81 129 210 0.01
Barbados* 141 58 199 0.01
Belgium+ 8,501 12,023 20,524 0.85
Brazil 8,953 1,822 10,775 0.45
Bulgaria 180 40 220 0.01
Canada3+ 24,342 20,970 45,312 1.88
Chile 837 1,881 2,718 0.11
Colombia 1,465 497 1,962 0.08
Costa Rica 304 26 330 0.01
Croatia 500 111 611 0.03
Cyprus 182 225 407 0.02
Czech Republic+ 1,379 744 2,123 0.09
Denmark 3,902 7,295 11,197 0.46
Dominican Republic 442 44 486 0.02
Ecuador 287 26 313 0.01
Egypt4 388 174 562 0.02
El Salvador 190 59 249 0.01
Finland 2,368 8,511 10,879 0.45
France+ 38,449 75,146 113,596 4.72
Germany 68,051 55,631 123,682 5.14
Greece 1,209 1,156 2,364 0.10
Guatemala 170 41 212 0.01
Honduras 121 47 168 0.01
Hong Kong 1,987 8,404 10,392 0.43
Hungary+ 847 603 1,450 0.06
Iceland 223 18 242 0.01
(table continues)
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WORLD OVERVIEW
4 I.I.I. International Insurance Fact Book 2003
LIFE AND NONLIFE INSURANCE PREMIUMS, 2001 (Cont’d)(Direct premiums written, U.S. $ millions)
Total premiums
Nonlife Life Percent of totalCountry premiums1 premiums Amount world premiums
India5* $2,459 $9,418 $11,877 0.49%
Indonesia* 868 773 1,641 0.07
Iran6 653 72 725 0.03
Ireland+ 3,981 11,321 15,302 0.64
Israel 3,171 3,382 6,552 0.27
Italy 27,506 41,481 68,988 2.86
Ivory Coast* 108 47 155 0.01
Jamaica* 188 127 315 0.01
Japan5 89,114 356,731 445,845 18.51
Jordan 145 24 170 0.01
Kenya 205 90 295 0.01
Kuwait 199 60 259 0.01
Lebanon* 392 84 476 0.02
Luxembourg 775 4,845 5,620 0.23
Malaysia5+ 1,636 3,082 4,718 0.20
Malta+ 82 72 154 0.01
Mauritius 71 112 183 0.01
Mexico 5,893 5,283 11,176 0.46
Morocco 681 275 955 0.04
Netherlands+ 15,675 21,534 37,209 1.55
New Zealand 2,048 763 2,810 0.12
Nigeria* 216 54 270 0.01
Norway 4,098 3,910 8,008 0.33
Oman 166 35 201 0.01
Pakistan* 214 168 382 0.02
Panama 246 114 360 0.01
Peru 363 208 571 0.02
Philippines* 414 493 906 0.04
Poland+ 3,529 1,882 5,410 0.22
Portugal 2,869 3,039 5,907 0.25
PR China 9,928 15,556 25,485 1.06
Romania 272 73 344 0.01
Russia 4,687 4,783 9,470 0.39
(table continues)
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www.iii.org or www.insurance.info I.I.I. International Insurance Fact Book 2003 5
WORLD OVERVIEW
LIFE AND NONLIFE INSURANCE PREMIUMS, 2001 (Cont’d)(Direct premiums written, U.S. $ millions)
Total premiums
Nonlife Life Percent of totalCountry premiums1 premiums Amount world premiums
Saudi Arabia* $979 $13 $992 0.04%
Singapore 1,091 2,914 4,005 0.17
Slovakia 372 287 659 0.03
Slovenia 745 203 948 0.04
South Africa 3,145 17,152 20,297 0.84
South Korea5 14,145 36,392 50,537 2.10
Spain+ 17,077 19,364 36,441 1.51
Sri Lanka* 106 83 188 0.01
Sweden 4,153 12,046 16,199 0.67
Switzerland 11,781 19,661 31,442 1.31
Taiwan 7,299 16,953 24,253 1.01
Thailand* 1,239 2,127 3,366 0.14
Trinidad and Tobago* 133 336 469 0.02
Tunisia 292 28 320 0.01
Turkey 1,660 375 2,034 0.08
UAE7* 652 149 801 0.03
Ukraine 561 3 564 0.02
United Kingdom 65,664 152,717 218,380 9.07
United States8* 460,608 443,413 904,021 37.54
Uruguay+ 314 72 386 0.02
Venezuela 2,639 86 2,726 0.11
Vietnam 146 169 315 0.01
Yugoslavia 277 2 279 0.01
Zimbabwe* 162 153 314 0.011Includes accident and health insurance.2Nonlife insurance: business of private-sector insurers in the period July 1, 2000 - June 30, 2001.3Life business expressed in net premiums.4July 11, 2000 - June 30, 2001.5April 1, 2001 - March 31, 2002.6March 21, 2001 - March 20, 2002.7Based on an ARIG (Arab Insurance Group) estimate for the year 2000.8Life premiums include an estimate of group annuity premiums.*Estimated.+Provisional.
Source: Swiss Re, sigma, No. 6/2002.
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WORLD OVERVIEW
6 I.I.I. International Insurance Fact Book 2003
Outside the United States, the insurance industry is divided into life and nonlife sectors. In the United States, the industry is divided into life/health and property/casualty sectors.In 2001, world insurance premium volume, for both sectors combined, totaled $2.41 tril-lion, down from $2.44 trillion in 2000, according to Swiss Re. The number of countries inthe survey of world insurance premiums conducted by Swiss Re increased from 66 in 1992to 89 in 2001. To be included, countries must have had reliable data and direct premiumsof over $100 million from 1992 to 1998, and over $150 million thereafter.
THE WORLD’S LEADING INSURANCE COUNTRIES, 2001(Direct premiums written, U.S. $ billions)
Total premiums
Percent PercentNonlife Life change from of total world
Rank Country premiums1 premiums Amount prior year premiums
1 United States2 $460.6 $443.4 $904.0 5.2% 37.54%
2 Japan3 89.1 356.7 445.8 -11.5 18.51
3 United Kingdom 65.7 152.7 218.4 -11.6 9.07
4 Germany 68.1 55.6 123.7 0.0 5.14
5 France 38.4 75.1 113.6 -6.0 4.72
6 Italy 27.5 41.5 69.0 9.4 2.86
7 South Korea3 14.1 36.4 50.5 -13.4 2.10
8 Canada4 24.3 21.0 45.3 -1.6 1.88
9 Netherlands 15.7 21.5 37.2 1.0 1.55
10 Spain 17.1 19.4 36.4 5.1 1.511Includes accident and health insurance.2Life premiums include an estimate of group annuity premiums.3April 1, 2001 - March 31, 2002.4Life business expressed in net premiums.
Source: Swiss Re, sigma, No. 6/2002.
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www.iii.org or www.insurance.info I.I.I. International Insurance Fact Book 2003 7
The companies in the chart below are ranked by assets as determined by the Wall StreetJournal Market Data Group and FactSet Research Systems Inc. The figures are based oneach company's fiscal 2001 results (fiscal 2002 for Japanese companies).
TOP 50 GLOBAL PUBLIC FINANCIAL COMPANIES, 2001(U.S. $ millions)1
Rank Fiscal 2001 % change Fiscal 2001 % change2001 2000 Company (Country) assets from 20002 net income from 2000
2
1 1 Mizuho Holdings (Japan) $1,148,917 -7% -$7,411 NA
2 3 Citigroup (U.S.) 1,051,450 17 14,016 5%
3 5 Allianz (Germany) 839,015 2 1,444 NA
4 2 Sumitomo Mitsui Banking (Japan) 820,083 -9 -3,522 NA
5 4 Deutsche Bank (Germany) 813,619 -1 333 -97
6 9 Fannie Mae (U.S.) 799,791 18 5,929 38
7 7 Mitsubishi Tokyo Financial Group (Japan) 755,481 6 -1,157 NA
8 11 UBS (Switzerland) 752,332 15 2,993 -36
9 13 BNP Paribas (France) 733,423 19 3,575 -3
10 12 HSBC Holdings (U.K.) 694,238 6 5,463 -14
11 8 J.P. Morgan Chase (U.S.) 693,575 -3 1,628 -71
12 10 Bayerische Hypo Bank (Germany) 647,926 2 835 -35
13 16 ING Group (Netherlands) 627,415 8 4,054 -62
14 14 Bank of America (U.S.) 621,764 -3 6,787 -10
15 20 Freddie Mac (U.S.) 615,110 34 4,156 76
16 15 Credit Suisse (Switzerland) 607,568 2 955 -73
17 6 UFJ Holdings (Japan) 605,717 -17 -9,320 NA
18 18 Royal Bank of Scotland (U.K.) 536,527 15 2,718 1
19 17 ABN Amro (Netherlands) 530,701 10 2,874 29
20 19 Barclays (U.K.) 518,867 13 3,586 0
21 32 American International Group (U.S.)3 492,982 16 5,363 -19
22 24 Morgan Stanley (U.S.) 482,628 15 3,578 -34
23 23 Societe Generale de France (France) 456,022 12 1,917 -20
24 27 HBOS (U.K.) 454,310 16 2,385 -6
25 22 Commerzbank (Germany) 446,067 9 91 -92
(table continues)
Chapter 2: World Rankings
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WORLD RANKINGS
8 I.I.I. International Insurance Fact Book 2003
TOP 50 GLOBAL PUBLIC FINANCIAL COMPANIES, 2001 (Cont’d)(U.S. $ millions)1
Rank Fiscal 2001 % change Fiscal 2001 % change2001 2000 Company (Country) assets from 20002 net income from 2000
2
26 -- Credit Agricole (France) $440,276 -7% $949 -61%
27 21 AXA (France) 431,651 2 463 -85
28 25 Fortis Group (Belgium/Netherlands) 427,670 10 2,018 -4
29 26 Merrill Lynch (U.S.) 419,419 3 535 -86
30 30 Lloyds TSB Group (U.K.) 344,098 9 3,637 -8
31 37/73 Resona Holdings (Japan)4 341,325 -11 -7,076 NA
32 29 Wachovia (U.S.) 330,452 1 1,613 91
33 28 Grupo Santander Central Hispano (Spain) 318,671 3 2,212 10
34 33 Abbey National (U.K.) 312,601 5 1,768 -8
35 41 Dexia (Belgium) 312,542 36 1,269 42
36 34 Goldman Sachs (U.S.) 312,218 8 2,310 -25
37 38 Wells Fargo (U.S.) 307,569 13 3,409 -15
38 -- Prudential Financial (U.S.) 293,030 7 -170 NA
39 31 IntesaBci (Italy) 278,564 -5 826 -45
40 35 Aviva (U.K.) 273,855 -3 23 NA
41 36 Banco Bilbao Vizcaya Argentaria (Spain) 271,195 4 2,103 6
42 39 Bank One (U.S.) 268,954 0 2,628 NA
43 40 MetLife (U.S.) 256,898 1 473 -50
44 45 Lehman Brothers (U.S.) 247,816 10 1,161 -31
45 50 Washington Mutual (U.S.) 242,506 25 2,725 43
46 44 Aegon (Netherlands) 234,961 8 2,130 16
47 43 Zurich Financial Services (Switzerland) 231,605 0 -387 NA
48 48 Almanij (Belgium) 230,727 19 614 -50
49 42 Prudential (U.K.) 226,106 1 566 -41
50 49 Royal Bank of Canada (Canada) 224,794 24 1,428 61At December 31, 2001 exchange rates.2Percentage changes based on home currencies.3Figures reflect the August 2001 acquisition of American General Corporation.4Figures reflect the March 2002 merger of Daiwa Bank and Asahi Bank.
NA=Not applicable.
Source: Reprinted by permission of the Wall Street Journal, Copyright © 2002, Dow Jones & Company, Inc. All Rights ReservedWorldwide. License number 712561076721.
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TOP TEN GLOBAL PROPERTY/CASUALTY INSURANCE COMPANIES, 20011
($ millions)
Rank Company Revenues2 Country
1 Allianz $85,929 Germany
2 American International Group 62,402 United States
3 State Farm Insurance 46,705 United States
4 Munich Re Group 41,894 Germany
5 Zurich Financial Services 38,650 Switzerland
6 Berkshire Hathaway 37,668 United States
7 Allstate 28,865 United States
8 Royal & Sun Alliance 21,525 United Kingdom
9 Swiss Reinsurance 20,210 Switzerland
10 Loews (CNA Financial Corp.) 18,799 United States1Ranked by revenues. Based on an analysis of companies in the Global Fortune 500. Includes stock and mutual companies.2Revenue includes premium and annuity income, investment income and capital gains or losses but excludes deposits; includes consol-idated subsidiaries, excludes excise taxes.
Source: Fortune.
TOP TEN GLOBAL LIFE/HEALTH INSURANCE COMPANIES, 2001 1
($ millions)
Rank Company Revenues2 Country
1 ING Group $82,999 Netherlands
2 AXA 65,580 France
3 Nippon Life Insurance 63,827 Japan
4 Aviva 52,318 United Kingdom
5 Assicurazioni Generali 51,394 Italy
6 Dai-ichi Mutual Life Insurance 43,145 Japan
7 Prudential 35,821 United Kingdom
8 Asahi Mutual Life Insurance 33,143 Japan
9 Sumitomo Life Insurance 32,549 Japan
10 MetLife 31,928 United States1Ranked by revenues. Based on an analysis of companies in the Global Fortune 500. Includes stock and mutual companies.2Revenue includes premium and annuity income, investment income and capital gains or losses but excludes deposits; includes consol-idated subsidiaries, excludes excise taxes.
Source: Fortune.
WORLD RANKINGS
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WORLD RANKINGS
TOP TEN GLOBAL REINSURERS, 20011
($ millions)
Rank Company Gross premiums written2 Country
1 Munich Re - Segment Reinsurance $19,666 Germany
2 Swiss Re Group3 18,569 Switzerland
3 Berkshire Hathaway Group 11,984 United States
4 GE Global Insurance Holdings 10,366 United States
5 Hannover Re 10,195 Germany
6 Lloyd’s of London 8,275 United Kingdom
7 Gerling Global Reinsurance Group 5,183 Germany
8 Scor Group 4,333 France
9 Axa Corporate Solutions Group 3,696 France
10 Converium Group 2,881 Switzerland1Ranked by gross premiums written.2Direct premiums plus assumed premiums; data includes pro forma consolidations.3Includes full year estimate of Lincoln Re acquisition in 2001.
Source: A.M. Best Company, Inc.
TOP TEN GLOBAL BROKERS, 20011
($ millions)
Rank Company Brokerage revenues2 Country
1 Marsh & McLennan Cos. Inc. $7,312 United States
2 Aon Corp. 5,597 United States
3 Willis Group Holdings Ltd. 1,423 United Kingdom
4 Arthur J. Gallagher & Co. 873 United States
5 Jardine Lloyd Thompson Group P.L.C. 528 United Kingdom
6 Acordia Inc. 4813 United States
7 HLF Group P.L.C. 4254 United Kingdom
8 Alexander Forbes Ltd. 4094 South Africa
9 Brown & Brown Inc. 360 United States
10 Hilb, Rogal & Hamilton Co. 328 United States1Ranked by brokerage revenues. 2Gross revenues generated by insurance brokerage, consulting and related services.3Does not include Wells Fargo & Co. subsidiary Wells Fargo Insurance Inc.4Fiscal year ending 3/31.
Source: Business Insurance.
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WORLD RANKINGS
www.iii.org or www.insurance.info I.I.I. International Insurance Fact Book 2003 11
THE 20 MOST COSTLY WORLD INSURANCE LOSSES IN 20021
($ millions)
Insured loss inRank Date Location Event U.S. dollars
1 Aug. 6 Europe Severe flooding $2,500
2 Apr. 27 United States Spring storm with several tornadoes 1,675
3 Oct. 26 Europe Storm Jeanett 845
4 Jul. 31 Europe Rainfall triggers serious flooding 700
5 Sep. 21 Caribbean, United States Hurricane Lili 650
6 Sep. 14 Caribbean, Mexico, United States et al. Tropical Storm Isidore 474
7 Nov. 9 United States Tornadoes, storms, rain and hail 460
8 Sep. 8 France Heavy rainfall results in flooding 398
9 Dec. 4 United States Winterstorm 360
10 Jan. 30 United States Winterstorms 30011 Feb. 26 Germany,
United Kingdom Winterstorm Anna 300
12 Nov. 26 Kazakhstan, space Failed launch of Astra 1K satellite 290
13 Dec. 14 United States Tornadoes and hail 270
14 Mar. 8 United States Storm, tornadoes and hail 210
15 Sep. 20 United States Tornadoes; windspeeds up to 200 km/h 175
16 Apr. 24 United States Strong winds, hail and tornadoes 165
17 Jun. 10 United States Hail, strong winds and tornadoes 160
18 Feb. 19 Mexico Explosion in a steelworks NA
19 Oct. 1 Japan Fire on board luxury cruise ship Diamond Princess NA
20 Nov. 11 Sri Lanka Fire on Hanjin Pennsylvania container ship NA1Property and business interruption losses, excluding life and liability losses.
NA=Data not available.
Note: Loss data shown here may differ from figures shown elsewhere for the same event due to differences in the date of publication,the geographical area covered and other criteria used by organizations collecting the data.
Source: Swiss Re, sigma, No. 2/2003. Insured losses for natural catastrophes in the United States from Insurance Services Office, Inc. (ISO).
IFB. FINAL5.29.03 5/29/03 2:41 PM Page 11
WORLD RANKINGS
12 I.I.I. International Insurance Fact Book 2003
TOP TEN GLOBAL INSURANCE DEALS ANNOUNCED, 2002($ millions)
Rank Buyer Target Announced Region Price
1 Manulife Financial Corp. Canada Life Financial Corp.1 Dec. 11 Canada $4,100
2 Anthem Inc. Trigon Healthcare Inc. April 29 United States 4,000
3 DnB Holding ASA Storebrand ASA2 May 28 W. Europe 1,940
4 Societa Assicuratrice IndustriaIe SpA La Fondiaria SpA May 30 W. Europe 1,687
5 Prudential Financial Inc. American Skandia Inc. Dec. 20 United States 1,265
6 Grupo Financiero Banamex Seguros Banamex Aegon3 Jan. 18 Mexico 1,240
7 HCA Inc. Health Midwest Oct. 16 United States 1,1258 Insurance Australia
Group Ltd. CGU and NZl lnsurance Oct. 17 Asia Pacific 1,020
9 MetLife Inc. Aseguradora Hidgalgo SA May 24 Mexico 965
10 Tryg i Danmark Tryg4 June 19 W. Europe 8301Hostile bid.2Terminated transaction.348 percent stake.4Deal value includes 760 million euros in cash and 90 million euros in contingency payment.
Source: Thomson Financial Insurance Solutions.
IFB. FINAL5.29.03 5/29/03 2:41 PM Page 12
CountryProfiles
IFB. FINAL5.29.03 5/29/03 2:41 PM Page 13
Algeria
LEADING NONLIFE INSURANCE COMPANIES, 2000
Written premiums*
Company ALD Mn USD Mn
SAA 6,177.0 82.1
CAAR 4,052.0 53.8
CAAT 3,813.0 50.7
CNMA 2,330.0 31.0
TRUST 801.0 10.6
CASH 494.0 6.6
CIAR 375.0 5.0
2A 340.0 4.5
MAATEC 16.4 0.2
SGCI 12.7 0.2*Gross written premiums.
LEADING LIFE INSURANCE COMPANIES, 2000
Gross written premiums
Company ALD Mn USD Mn
SAA 642.0 8.5
CAAT 237.0 3.1
CAAR 177.0 2.4
TRUST 21.0 0.3
CIAR 6.0 0.1
2A 5.0 0.1
ASSOCIATION: Le Conseil National des Assurances Cooperative Ennadjah IIVilla Nº 30, Bois des Cars IDely-Ibrahim, AlgeriaTel: (213) 021-37-2160Fax: (213) 021-37-2160
ASSOCIATION: General Arab Insurance Federation8, Kaser El Nil StreetPO Box 611Cairo, 1151, Egypt1Tel: (20) 2-574-3177http://www.gaif.org/Fax: (20) 2-576-2310
CURRENCY: Algerian dinar (ALD)
EXCHANGE RATES: Algerian dinars per U.S. dollar — 77.889 (January 2002), 77.215 (2001), 75.260 (2000), 66.574 (1999),58.739 (1998), 57.707 (1997)
REGULATORY BODY: Direction des AssurancesDirection Generale du TresorMinistere des Finances3 Boulevard Zirout YoucefAlgers, AlgeriaTel: (213) 021-73-36-94Fax: (213) 021-73-56-16
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $285 (U.S. $ millions)Nonlife premiums: 272Life premiums: 13
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
14 I.I.I. International Insurance Fact Book 2003
POPULATION:32,277,942 (est. July 2002)
GDP:$177 billion (est. 2001)
IFB. FINAL5.29.03 5/29/03 2:41 PM Page 14
ASSOCIATION: Argentinean Insurance Cos.Association
Calle 25 de Mayo 5652 PiscoBuenos Aires, ArgentinaTel: (54) 11-4312-7790Fax: (54) 11-4312-6300http://www.aacsra.org.ar/
CURRENCY: Argentine peso (ARP)
EXCHANGE RATES: Argentine pesos per U.S. dollar — 1.33325 (January 2002), 1.000 (1997-2001); note - fixed rate pegged to the U.S. dollar was abandoned in January 2002; peso now floats
REGULATORY BODY: Superintendencia de Seguros de laNacion
Ave. Julio A. Roca 721, Piso 1(C1067ABC) Buenos Aires, ArgentinaTel: (54) 11-4331-9821Fax: (54) 11-4343-6653
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $6,986 (U.S. $ millions)Nonlife premiums: 4,418Life premiums: 2,569
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
www.iii.org or www.insurance.info I.I.I. International Insurance Fact Book 2003 15
POPULATION:37,812,817 (est. July 2002)
GDP:$453 billion (est. 2001)
Argentina
LEADING NONLIFE INSURANCE COMPANIES, 2001
Written premiums*
Company ARP Mn USD Mn
Caja Seguros 373.8 373.8
HSBC - BuenosAires 261.3 261.3
Provincia 233.1 233.1
Federacion Patronal 229.2 229.2
Lua Portena 210.9 210.9
Mapfre Aconagua 155.3 155.3
Zurich Argentina 140.1 140.1
Meridional 129.1 129.1
AGF Allianz 117.9 117.9
Mercantil Andina 113.6 113.6*Gross written premiums.
LEADING LIFE INSURANCE COMPANIES, 2001
Gross written premiums
Company ARP Mn USD Mn
Caja Seguros Vida 273.5 273.5
Eagle Star 145.2 145.2
HSBC -Buenos Aires 139.1 139.1
Siembra Vida 120.8 120.8
Consolidar Vida 78.7 78.7
Internacional Vida 68.9 68.9
ALICO 66.0 66.0
Nacion Vida 56.6 56.6
ING 56.0 56.0
Metropolitan Life 51.3 51.3
IFB. FINAL5.29.03 5/29/03 2:41 PM Page 15
Australia
LEADING NONLIFE INSURANCE COMPANIES, 2000
Written premiums*
Company AUD Mn USD MnNRMA Insurance (NRMA Grp) 2,111.0 1,327.7Royal & SunAlliance(RSA Grp) 1,264.5 795.3Insurance Manufacturers(NRMA Grp) 1,194.8 751.4CGU Insurance (CGU Grp) 1,093.5 687.8QBE Insurance (Australia) (QBE Grp) 878.0 552.2GIO General (Suncorp Grp) 848.7 533.8
Allianz Australia 814.5 512.3Suncorp General (Suncorp Grp) 787.8 495.5Australian Associated Motor Insurers (RSA Grp) 641.0 403.1
FAI General (HIH Grp) 556.9 350.2*Earned premium income from domestic business,including inwards reinsurance. Excludes public sectorinsurers.
LEADING LIFE INSURANCE COMPANIES, 2001
Gross written premiums
Company AUD Mn USD Mn
AMP 9,900.4 5,129.7
MLC 5,339.3 2,766.5 Commonwealth Life 2,882.6 1,493.6
Colonial Mutual 2,825.8 1,464.1
ING 2,661.6 1,379.1
Westpac Life 2,401.3 1,244.2
AXA 2,326.8 1,205.6
Macquarie Life 1,846.9 956.9
ANZ Life 1,490.9 772.5
Zurich 1,229.6 637.1
ASSOCIATION: Insurance Council of AustraliaLevel 356 Pitt StreetSyndey NSW 2000, AustraliaTel: (61) 2-9253-5100Fax: (61) 2-9253-5111http://www.ica.com.au/
CURRENCY: Australian dollar (AUD)
EXCHANGE RATES: Australian dollars per U.S. dollar —1.9354 (January 2002), 1.9320 (2001),1.7173 (2000), 1.5497 (1999),1.5888 (1998), 1.3439 (1997)
REGULATORY BODY: Australian Prudential RegulationAuthority (APRA)
Level 26, 400 George StreetSydney, NSW 2000, AustraliaTel: (61) 2-9210-3000Fax: (61) 2-9210-3411
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $32,705 (U.S. $ millions)Nonlife premiums: 12,311Life premiums: 20,394
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
POPULATION:
19,546,792 (est. July 2002)
GDP:$465.9 billion (est. 2001)
16 I.I.I. International Insurance Fact Book 2003
IFB. FINAL5.29.03 5/29/03 2:41 PM Page 16
ASSOCIATION: Austrian Association of InsuranceCompanies
Schwarzenbergplatz 7A-1030 Wien, AustriaTel: (43) 1-711-56-0Fax: (43) 1-711-56-270http://www.vvo.at/vvoat/vvoat.nsf
CURRENCY: euro (EUR); Austrian schilling (ATS)
EXCHANGE RATES: euros per U.S. dollar —1.1324 (January 2002), 1.1175 (2001), 1.0854 (2000), 0.9386 (1999); Austrian schillings per U.S. dollar 11.86 (January 1999), 12.91 (1999),12.379 (1998), 12.204 (1997)
REGULATORY BODY: Federal Ministry of FinanceInsurance Supervisory AuthorityHimmelpfortgasse 4-8, Postf. 21015 Vienna, AustriaTel: (43) 1-512-4678-11Fax: (43) 1-512-1785
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $11,049 (U.S. $ millions)Nonlife premiums: 5,872Life premiums: 5,177
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
www.iii.org or www.insurance.info I.I.I. International Insurance Fact Book 2003 17
POPULATION:8,169,929 (est. July 2002)
GDP:$220 billion (est. 2001)
Austria
LEADING NONLIFE INSURANCE COMPANIES, 2001
Written premiums*
Company ATS Mn USD Mn
Weiner Stadtische 11,873.8 762.1
Allianz Elementar 11,348.0 728.4
Generali 10,361.1 665.0
Uniga Personen 9,197.7 590.4
Uniqa Sach 7,263.6 466.2
Interunfall 6,826.3 438.1
Donau 4,564.6 293.0
Grawe 3,035.2 194.8
Merkur 2,644.0 169.7
AXA Vers A.G. 2,424.9 155.6*Premium income earned.
LEADING LIFE INSURANCE COMPANIES, 2001
Gross written premiums
Company ATS Mn USD Mn
Sparkassen-Versicherung 10,284.5 660.1
Raiffeisen 9,466.3 607.6
Wiener Stadtische 8,062.4 517.5
Generali Versicherung 6,201.2 398.0
Wustenrot 6,096.9 391.3
Uniqa Person-enversicherung 5,062.0 324.9
Allianz-Elementar Leben 4,733.1 303.8
Union 3,674.2 235.8
Interunfall 2,623.3 168.4
Donau 2,478.9 159.1
IFB. FINAL5.29.03 5/29/03 2:41 PM Page 17
Bahamas
LEADING NONLIFE INSURANCE COMPANIES, 2000
Written premiums*
Company BSD Mn USD Mn
Bahamas First 42.2 42.2
RSAI (B) 39.3 39.3
ICB 32.0 32.0
Summit 24.0 24.0
S&G 10.1 10.1*Gross written premiums.
LEADING LIFE INSURANCE COMPANIES
Data not available.
ASSOCIATION: Bahamian General InsuranceAssociation
Suite 202Crown Life BuildingRosetta Street, Nassau, BahamasTel: (242) 323-2596Fax: (242) 328-4354
CURRENCY: Bahamian dollar (BSD)
EXCHANGE RATES: Bahamian dollars per U.S. dollar —1.000 (fixed rate pegged to the dollar)
REGULATORY BODY: The Bahamas Financial ServicesBoard
PO Box N-4849Nassau, BahamasTel: (242) 326-7001Fax: (242) 326-7007
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $312 (U.S. $ millions)Nonlife premiums: 132Life premiums: 180
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
18 I.I.I. International Insurance Fact Book 2003
POPULATION:300,529 (est. July 2002)
GDP:$5 billion (est. 2001)
IFB. FINAL5.29.03 5/29/03 2:41 PM Page 18
ASSOCIATION: Bahrain Insurance AssociationPO Box 2851Manama, BahrainTel: (973) 728-003Fax: (973) 729-802http://www.bia-bh.com/
ASSOCIATION: General Arab Insurance Federation8, Kaser El Nil StreetPO Box 611Cairo, 11511, EgyptTel: (20) 2-574-3177Fax: (20) 2-576-2310http://www.gaif.org/
CURRENCY: Bahraini dinar (BHD)
EXCHANGE RATES: Bahraini dinars per U.S. dollar — 0.3760 (fixed rate pegged to the U.S. dollar)
REGULATORY BODY: Ministry of Commerce PO Box 5479Manama, BahrainTel: (973) 523-010Fax: (973) 530-276
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $156 (U.S. $ millions)Nonlife premiums: 121Life premiums: 34
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
www.iii.org or www.insurance.info I.I.I. International Insurance Fact Book 2003 19
POPULATION:656,397 (est. July 2002)
GDP:$8.4 billion (est. 2001)
Bahrain
LEADING NONLIFE INSURANCE COMPANIES, 2001
Written premiums*
Company BHD Mn USD Mn
Bahrain National 9.7 25.6
Gulf Union 7.7 20.2
Bahrain Kuwait 6.6 17.4
Bahrain Norwich 6.5 17.1
Al Ahlia 3.7 9.8
United 2.3 6.0
Takaful 1.9 5.0
New India 1.5 3.9
Iran 1.3 3.5
RSA 1.2 3.2*Gross written premiums.
LEADING LIFE INSURANCE COMPANIES, 2001
Gross written premiums
Company BHD Mn USD Mn
Eagle Star Life 6.8 17.9
American Life 5.2 13.8
Bahrain National Life 0.9 2.4
Arabia 0.1 0.2
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 19
Bangladesh
LEADING NONLIFE INSURANCE COMPANIES, 2000
Written premiums*
Company BDT Mn USD Mn
Sadharan Bima Corporation 617.4 11.8
Pragati 301.4 5.8
Green Delta 301.3 5.8
Reliance 255.0 4.9
Rupali 200.2 3.8
Phoenix 196.2 3.8
Peoples 195.1 3.7
BangladeshGeneral 184.1 3.5
Prime 180.3 3.5
Federal 171.1 3.3*Gross written premiums.
LEADING LIFE INSURANCE COMPANIES
Data not available.
ASSOCIATION: Bangladesh Insurance AssociationRupali Bima Bhaban7 Rajuk AvenueDhaka 1000, BangladeshTel: (880) 2-955-7330Fax: (880) 2-955-7330
CURRENCY: taka (BDT)
EXCHANGE RATES: taka per U.S. dollar —57.756 (January 2002), 55.807 (2001), 52.142 (2000), 49.085 (1999),46.906 (1998), 43.892 (1997)
REGULATORY BODY: Chief Controller of InsuranceDepartment of InsuranceMinistry of CommerceSadharan Bima Bhaban - 2139 Mothijheel Commercial AreaDhaka 1000, BangladeshTel: (880) 2-956-5548Fax: (880) 2-956 5056
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $210 (U.S. $ millions)Nonlife premiums: 81Life premiums: 129
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
20 I.I.I. International Insurance Fact Book 2003
POPULATION:133,376,684 (est. July 2002)
GDP:$230 billion (est. 2001)
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 20
ASSOCIATION: Insurance Association of Barbadosc/o N AdamsLetchworth ComplexThe GarrisonSt. Michaels PlazaSt. Michaels RowBridgetown, BarbadosTel: (246) 426-4882Fax: (246) 429-5804
CURRENCY: Barbadian dollar (BBD)
EXCHANGE RATES: Barbadian dollars per U.S. dollar — 2.0000 (fixed rate pegged to the U.S. dollar)
REGULATORY BODY: Supervisor of Insurance1st Floor Nicholas House Broad StreetBridgetown, BarbadosTel: (246) 426-3815Fax: (246) 436-2699
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $199 (U.S. $ millions)Nonlife premiums: 141Life premiums: 58
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
www.iii.org or www.insurance.info I.I.I. International Insurance Fact Book 2003 21
POPULATION:276,607 (est. July 2002)
GDP:$4 billion (est. 2001)
Barbados
LEADING NONLIFE INSURANCE COMPANIES, 1999
Written premiums*
Company BBD Mn USD Mn
ICB 51.2 25.6
United 45.2 22.6
Barbados Fire 25.2 12.6
Clico 18.1 9.0
CGI 15.6 7.8
Carribean Home 15.0 7.5
NEMWIL 13.6 6.8
Co-Op General 11.0 5.5
Trident 10.0 5.0
Harmony 9.8 4.9*Gross written premiums.
LEADING LIFE INSURANCE COMPANIES, 1999
Gross written premiums
Company BBD Mn USD Mn
Barbados Mutual 153.5 76.8
Life of Barbados 81.7 40.8
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 21
Belgium
LEADING NONLIFE INSURANCE COMPANIES, 2001
Written premiums*
Company EUR Mn USD Mn
AXA Royale Belge 1,043.5 933.7
Fortis AG 605.2 541.5
KBC Assurances 474.4 424.5
SMAP 468.8 419.4
AGF Belgium 358.9 321.1
Mercator 286.7 256.5
Winterthur-Europe 268.5 240.3
La Patriotique 191.7 171.5
Les Assurances Populaires 191.2 171.1
FB Assurances 151.8 135.8*Total written premiums and taxes, includinghealthcare.
LEADING LIFE INSURANCE COMPANIES, 2001
Gross written premiums
Company EUR Mn USD Mn
FB Assurances 2,125.3 1,901.7
Fortis AG 1,558.7 1,394.7
AXA Royale Belge 1,525.3 1,364.8
KBC Assurances 1,429.3 1,278.9
SMAP 1,169.7 1,046.6
BBL Life 931.5 833.5
Dexia Assurances 909.8 814.1
Les Assurances Populaires 528.3 472.7
AGF Belgium 407.0 364.2
La Patriotique 332.5 297.5
ASSOCIATION: Professional Union of InsuranceCompanies
Maison de l’Assurance / Huis derVerzekering
Square de Meeûs, 29B-1000 Bruxelles, BelgiumTel: (32) 2-547-5611Fax: (32) 2-547-5600http://www.upea.be/
CURRENCY: euro (EUR); Belgian franc (BEF)
EXCHANGE RATES: euros per U.S. dollar — 1.1324 (January 2002),1.1175 (2001), 1.0854 (2000), 0.9386 (1999); Belgian francs per U.S. dollar — 34.77 (January 1999), 36.229 (1998), 35.774 (1997)
REGULATORY BODY: Office de Controle des Assurances61 Avenue de CortenberghB-1000 Brussels, BelgiumTel: (32) 2-737-0700Fax: (32) 2-733-5129
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $20,524 (U.S. $ millions)Nonlife premiums: 8,501Life premiums: 12,023
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
22 I.I.I. International Insurance Fact Book 2003
POPULATION:10,274,595 (est. July 2002)
GDP:$267.7 billion (est. 2001)
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 22
ASSOCIATION: Bermuda Insurance Institute48 Cedar AvenuePO Box HM 2911Hamilton HM FX, Bermudahttp://www.bermuda-insurance.org
CURRENCY: Bermudian dollar (BMD)
EXCHANGE RATES: Bermudian dollar per U.S. dollar — 1.0000 (fixed rate pegged tothe U.S. dollar)
REGULATORY BODY: Office of the Registrar of CompaniesGovernment Adminstration Building30 Parliament StreetHamilton HM 12, BermudaTel: (441) 297-7574Fax: (441) 292-6640
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $49,019 * (U.S. $ millions)
*Includes life and nonlife.
Sources: Bermuda Insurance Institute (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
www.iii.org or www.insurance.info I.I.I. International Insurance Fact Book 2003 23
POPULATION:63,960 (est. July 2002)
GDP:$2.2 billion (est. 2001)
Bermuda
LEADING NONLIFE INSURANCE COMPANIES, 2001
Written premiums*
Company USD Mn
ACE 5,917.2
XL Capital 2,779.9
Partner Re 1,633.5
Inter-Ocean Re 628.6
Overseas Partners 609.4
Commercial Risk Re 536.3
Centre Solutions 523.5
Max Re 500.9AssociatedElectric & Gas 360.6
Annuity & Life Re 341.3*Earned premiums of the top companies participatingin Deloitte & Touche’s Bermuda Market Surveys for2001.
LEADING LIFE INSURANCE COMPANIES
Data not available.
.
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 23
Brazil
LEADING NONLIFE INSURANCE COMPANIES, 2001
Written premiums*
Company NPR Mn USD Mn
Sul America Aetna 2,661.0 1,127.5
Porto Seguros 1,595.6 676.1
Bradesco SA 1,567.2 664.1
Bradesco Seguros 1,521.7 644.8
Sul America 1,378.3 584.0
Itau 1,126.3 477.2
Unibanco 975.7 413.4
AGF Brasil 796.7 337.6
Real Previdencia 687.3 291.2
Maritima 596.9 252.9*Gross written premiums, including healthcare.
LEADING LIFE INSURANCE COMPANIES, 2001
Gross written premiums
Company NPR Mn USD Mn
Alianca Do Brasil 503.7 213.4
BradescoPrevidencia 362.3 153.5
COSESP 307.8 130.4
Bradesco Seguros 293.7 124.5
Unibanco 247.3 104.8
Itau 226.5 96.0
Icatu Hartford 178.2 75.5
HSBC Seguros 173.5 73.5
Sul America 165.0 69.9
Vera Cruz Vida 147.2 62.4
ASSOCIATION: Insurers’ AssociationRua Senador Dantas 74 - 12 andarRio de JaneiroCEP 20031-201, BrazilTel: (55) 21-2510-7777Fax: (55) 21-220-0046http://www.fenaseg.org.br/
CURRENCY: real (NPR)
EXCHANGE RATES: reals per U.S. dollar — 2.378 (January 2002), 2.358 (2001),1.830 (2000), 1.815 (1999), 1.161 (1998), 1.078 (1997)
REGULATORY BODY: Superintendencia de SegurosPrivados
Rua Buenos Aires, 256-4 andarCep: 20.061-000 Rio de Janeiro-RJ
BrazilTel: (55) 21-2507-7471Fax: (55) 21-2224-7830
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $10,775 (U.S. $ millions)Nonlife premiums: 8,953Life premiums: 1,822
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
24 I.I.I. International Insurance Fact Book 2003
POPULATION:176,029,560 (est. July 2002)
GDP:$1.34 trillion (est. 2001)
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 24
ASSOCIATION: Association of Bulgarian Insurers7 Sveta Sofia StreetSofia, BulgariaTel: (359) 2-981-1728Fax: (359) 2-980-7533http://www.abz.bg/
CURRENCY: lev (BGN)
EXCHANGE RATES: leva per U.S. dollar —2.2147 (January 2002), 2.1847 (2001), 2.1233 (2000), 1.8364 (1999), 1,760.36 (1998),1,681.88 (1997)
REGULATORY BODY: Insurance and Gambling SupervisionAgency
6, Tzar Osvoboditel Blvd., 5th Floor1000 Sofia, BulgariaTel: (359) 2-981-7934Fax: (359) 2-981-7858
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $220 (U.S. $ millions)Nonlife premiums: 180Life premiums: 40
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
www.iii.org or www.insurance.info I.I.I. International Insurance Fact Book 2003 25
POPULATION:7,621,337 (est. July 2002)
GDP:$48 billion (est. 2001)
Bulgaria
LEADING NONLIFE INSURANCE COMPANIES, 2000
Written premiums*
Company BGN Mn USD Mn
DZI General 68.4 32.2
Bulstrad 67.0 31.6
Allianz Bulgaria 59.0 27.8
Bul Ins 50.6 23.9
Orel 21.2 10.0
Energia 18.0 8.5
Vitosha 16.7 7.9
Jupiter 8.7 4.1
Bulgarski Imoti 6.9 3.3
Armeetz 6.2 2.9*Gross written premiums.
LEADING LIFE INSURANCE COMPANIES, 2000
Gross written premiums
Company BGN Mn USD Mn
DZI - EAD 20.7 9.8
Orel Life 14.4 6.8
Allianz Bulgaria Life 2.9 1.4
Vitosha Life 2.1 1.0
Bulstrad DSK Life 1.3 0.6
Bulgarski Imoti 1.2 0.6
AIG Life Bulgaria 0.5 0.2
Grawe Bulgaria 0.2 0.1
Medic Centre 0.5 0.2
Dobrudja - M - Life 0.2 0.1
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 25
Canada
LEADING NONLIFE INSURANCE COMPANIES, 2001
Written premiums*
Company CAD Mn USD Mn
CGU GroupCanada 1,957.1 1,262.7
ING Canada 1,890.2 1,219.5
Co-operatorsGroup 1,379.0 889.7
Royal & SunAlliance 1,342.8 866.3
Economical Ins Group 1,101.6 710.7
Lloyds Underwriters 918.2 592.4
Groupe Desjardins 915.3 590.5
AXA Canada 903.6 583.0
State Farm 885.3 571.1
Zurich Canada 841.3 542.7*Net written premiums.
LEADING LIFE INSURANCE COMPANIES, 2001
Gross written premiums
Company CAD Mn USD Mn
Clarica Life 2,048.7 1,321.8
Manufacturers Life 1,744.3 1,125.4
London Life 1,392.6 898.4
Sun Life 1,343.3 866.7
Canada Life 1,241.4 800.9
Great West Life 1,013.7 654.0
Desjardins Financial 770.2 496.9
Maritime Life 703.7 454.0
Industrial Alliance 689.4 444.8
Transamerica Life 484.3 312.5
ASSOCIATION: Insurance Bureau of Canada151 Yonge Street, Suite 1800Toronto, Ontario M5C 2W7, CanadaTel: (1) 416-362-2031Fax: (1) 416-361-5952http://www.ibc.ca/
ASSOCIATION: Canadian Life & Health InsuranceAssociation
1 Queen Street EastSuite 1700Toronto, Ontario M5C 2X9, CanadaTel: (1) 416-777-2221Fax: (1) 416-777-1895http://www.clhia.ca/
CURRENCY: Canadian dollar (CAD)
EXCHANGE RATES: Canadian dollars per U.S. dollar — 1.6003 (January 2002), 1.5488 (2001), 1.4851 (2000), 1.4857 (1999), 1.4835 (1998), 1.3846 (1997)
REGULATORY BODY: Office of the Superintendent ofFinancial Institutions
255 Albert Street, 13th floorOttawa, Ontario K1A 0H2, CanadaTel: (1) 613-990-7788Fax: (1) 613-952-8219
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $45,312 (U.S. $ millions)Nonlife premiums: 24,342Life premiums: 20,970
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
26 I.I.I. International Insurance Fact Book 2003
POPULATION:31,902,268 (est. July 2002)
GDP:$875 billion (est. 2001)
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 26
ASSOCIATION: Chilean Insurance AssociationLa Concepción 322Oficina 501322 Providencia, Santiago, ChileTel: (56) 2-236-2596Fax: (56) 2-235-1502http://www.aach.cl/
CURRENCY: Chilean peso (CLP)
EXCHANGE RATES: Chilean pesos per U.S. dollar — 651.90 (January 2002), 618.70 (2001), 535.47 (2000), 508.78 (1999), 460.29 (1998), 419.30 (1997)
REGULATORY BODY: Superintendencia de Valores ySeguros
Teatinos 120, Piso 6Santiago, ChileTel: (56) 2-549-5900Fax: (56) 2-549-5965
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $2,718 (U.S. $ millions)Nonlife premiums: 837Life premiums: 1,881
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
www.iii.org or www.insurance.info I.I.I. International Insurance Fact Book 2003 27
POPULATION:15,498,930 (est. July 2002)
GDP:$153 billion (est. 2001)
Chile
LEADING NONLIFE INSURANCE COMPANIES, 2001
Written premiums*
Company CLP Bn USD Mn
Cruz del Sur 75.0 118.0
Chilena 49.5 77.9
Royal & SunAlliance 44.9 70.7
Las Americas 43.1 67.9
AGF Allianz 42.9 67.5
Mapfre 34.2 53.9
ING 33.9 53.5
Interamericana 33.7 53.0
Magallanes 27.8 43.7
AXA 19.6 30.9*Gross written premiums.
LEADING LIFE INSURANCE COMPANIES, 2001
Gross written premiums
Company CLP Bn USD Mn
Consorcio 180.9 284.9
ING 180.9 284.9
Construccion 98.4 155.0
Chilena 88.4 139.2
Principal 79.6 125.3
Santander 77.3 121.8
Corp Vida 69.4 109.3
Bice Vida 57.4 90.4
ISE Americas 49.7 78.2
Interrenta 44.9 70.6
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 27
China,(People’s Republic of)
LEADING NONLIFE INSURANCE COMPANIES, 2001
Written premiums*
Company RMB Mn USD Mn
PICC 50,735.2 6,127.4
China Pacific 8,513.0 1,028.1
Ping An 6,421.8 775.6
Huatai 634.8 76.7
Dazhong 398.0 48.1
Tianan 397.2 48.0
China United 389.0 47.0
Sinosafe 346.0 41.8
Ming An (Shenzhen) 162.5 19.6
Yongan 162.2 19.6*Direct nonlife premiums.
LEADING LIFE INSURANCE COMPANIES, 2001
Gross written premiums
Company RMB Mn USD Mn
China Life 81,313.6 9,820.5
Ping An 39,699.0 4,794.6
China Pacific Life 14,343.0 1,732.2
New China Life 2,298.3 277.6
Taikang Life 1,615.8 195.1
AIA (Shanghai) 1,406.0 169.8
AIA (Guanghou) 598.0 72.2
Manulife-Sinochem 275.0 33.2
ING Pacific 210.0 25.4
Prudential-Citic 121.0 14.6
ASSOCIATION: Insurance Association of ChinaXicheng DistrictBeijing, ChinaTel: (86) 010-606-9334Fax: (86) 010-6605-4641
CURRENCY: yuan (RMB)
EXCHANGE RATES: yuan per U.S. dollar —8.2767 (January 2002), 8.2771 (2001), 8.2785 (2000), 8.2783 (1999),8.2790 (1998), 8.2898 (1997)
REGULATORY BODY: China Insurance RegulatoryCommission
401 Fu Cheng Men Nei StreetWest City
Beijing 10034, ChinaTel: (86) 10-6602-1549Fax: (86) 10-6601-1869
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $25,485 (U.S. $ millions)Nonlife premiums: 9,928Life premiums: 15,556
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
28 I.I.I. International Insurance Fact Book 2003
POPULATION:1,284,303,705 (est. July 2002)
GDP:$5.56 trillion (est. 2001)
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 28
ASSOCIATION: Colombian Insurers AssociationCarrera 7 No 26-20, Piso 11Santafe de Bogota, ColombiaTel: (57) 1-287-6611Fax: (57) 1-287-5764http://www.fasecolda.com/
CURRENCY: Colombian peso (COP)
EXCHANGE RATES: Colombian pesos per U.S. dollar —2,275.89 (January 2002), 2,299.63 (2001), 2,087.90 (2000), 1,756.23 (1999), 1,426.04 (1998),1,140.96 (1997)
REGULATORY BODY: Superintendencia Bancaria deColombia
Delegatura para Seguros yCapitalizacion
Calle 7N No 4-49, Zona B,Oficina 217Bogota D.C., ColombiaTel: (57) 1-350-6026Fax: (57) 1-350-7999
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $1,962 (U.S. $ millions)Nonlife premiums: 1,465Life premiums: 497
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
www.iii.org or www.insurance.info I.I.I. International Insurance Fact Book 2003 29
POPULATION:41,008,227 (est. July 2002)
GDP:$255 billion (est. 2001)
Colombia
LEADING NONLIFE INSURANCE COMPANIES, 2000
Written premiums*
Company COP Bn USD Mn
Colseguros 310.2 148.6
Suramericana 252.5 120.9
La Previsora 233.5 111.8
Estado 153.8 73.7
Liberty 149.8 71.7
Agricola 126.3 60.5
Colpatria 121.1 58.0
Bolivar 113.8 54.5
Central 112.1 53.7
Royal & SunAlliance 102.4 49.0*Gross written premiums.
LEADING LIFE INSURANCE COMPANIES, 2000
Gross written premiums
Company COP Bn USD Mn
Suramericana 387.9 185.8
Bolivar 189.6 90.8
Colseguros 186.2 89.2
Alfa 123.4 59.1
Colpatria 87.9 42.1
BBV Seguros Ganadero 79.0 37.8
Suratep 73.6 35.2
Colmena ARP 62.9 30.1
La Equidad 49.4 23.7
Royal & SunAlliance 48.7 23.3
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 29
Costa Rica
LEADING NONLIFE INSURANCE COMPANIES, 2001
Written premiums*
Company CRC Mn USD Mn
The InstitutoNacional de Seguros (INS) 101,239.6 307.8*Gross written premiums, including personalaccident. Note: INS is the only authorized insurer in CostaRica.
LEADING LIFE INSURANCE COMPANIES
Data not available.
ASSOCIATION: Instituto Nacional de SegurosCalle 9 y 11Avenida 7aSan Jose, Costa RicaTel: (506) 223-5800Fax: (506) 221-2809http://www.ins.go.cr/
CURRENCY: Costa Rican colon (CRC)
EXCHANGE RATES: Costa Rican colones per U.S. dollar —343.08 (January 2002), 328.87 (2001), 308.19 (2000), 285.68 (1999), 257.23 (1998), 232.60 (1997)
REGULATORY BODY: Superintendencia General deEntidades Financieras
Calle 2, ent. Ave. 4 y 6; Apartado2762-1000
San Jose, Costa RicaTel: (506) 243-4848Fax: (506) 243-4849
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $330 (U.S. $ millions)Nonlife premiums: 304Life premiums: 26
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
30 I.I.I. International Insurance Fact Book 2003
POPULATION:3,834,934 (est. July 2002)
GDP:$31.9 billion (est. 2001)
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 30
ASSOCIATION: Croatian Insurance BureauMarticeva 73/110000 Zagreb, CroatiaTel: (385) 01-46-16-755Fax: (385) 01-46-16-757http://www.huo.hr/
CURRENCY: kuna (HRK)
EXCHANGE RATES: kuna per U.S. dollar —8.452 (January 2002), 8.340 (2001),8.277 (2000), 7.112 (1999), 6.362 (1998), 6.101 (1997)
REGULATORY BODY: Insurance Supervisory AuthorityMiramarska 28Zagreb 10000, CroatiaTel: (385) 01-611-9530Fax: (385) 01-611-9533
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $611 (U.S. $ millions)Nonlife premiums: 500Life premiums: 111
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
www.iii.org or www.insurance.info I.I.I. International Insurance Fact Book 2003 31
POPULATION:4,390,751 (est. July 2002)
GDP:$36.1 billion (est. 2001)
Croatia
LEADING NONLIFE INSURANCE COMPANIES, 2001
Written premiums*
Company HRK Mn USD Mn
Croatia Osiguranje 2,378.6 285.2
Euroherc 458.2 54.9
Jadransko 286.8 34.4
Allianz Zagreb 270.0 32.4
Triglav 167.6 20.1
Zagreb 147.1 17.6
Grawe 87.1 10.4
Aurum 79.0 9.5
Helios 71.9 8.6
Sunce 67.5 8.1*Gross written premiums.
LEADING LIFE INSURANCE COMPANIES, 2001
Gross written premiums
Company HRK Mn USD Mn
Grawe 172.4 20.7
Croatia Osiguranje 154.6 18.5
Zagreb 139.6 16.7
Merkur 133.2 16.0
Sunce 74.9 9.0
Allianz Zagreb 63.4 7.6
Helios 48.3 5.8
Euroherc Life 28.6 3.4
Kvarner Weiner Stadtische 26.6 3.2
Aurum 24.5 2.9
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 31
Cyprus
LEADING NONLIFE INSURANCE COMPANIES, 2001
Written premiums*
Company CYP Mn USD Mn
Laiki 18.7 29.2
General Insurance of Cyprus 13.8 21.5
Minerva 7.2 11.2
Pancyprian 6.6 10.3
Lloyds Underwriters 6.3 9.8
American Home 5.8 9.0
Atlantic 5.2 8.1
Comercial Union 4.3 6.7
Royal Crown 4.0 6.2
Universal Life 3.3 5.2*Provisional total written premiums net of localreinsurance, including healthcare.
LEADING LIFE INSURANCE COMPANIES, 2001
Gross written premiums
Company CYP Mn USD Mn
Laiki Cyprialife 38.5 60.2
Eurolife 37.0 57.9
Universal Life 33.9 53.0
American Life 14.0 21.9
Interlife 4.9 7.7
Liberty Life 4.6 7.2
Alpha 2.8 4.3
Minerva 2.5 3.8
Ethniki 2.1 3.3
Allianz Life 2.1 3.2
ASSOCIATION: Insurance Association of Cyprus23, Zenon Sozos Street, 1st floorPO Box 220301516 Nicosia, CyprusTel: (357) 2-276-3913Fax: (357) 2-237-4288http://www.iac.org.cy/
CURRENCY: Cypriot pound (CYP)
EXCHANGE RATES: Cypriot pounds per U.S. dollar —0.6518 (January 2002), 0.6427 (2001), 0.6208 (2000), 0.5423 (1999), 0.5170 (1998), 0.5135 (1997); Turkish liras per U.S. dollar —1,370,629 (January 2002), 1,223,140 (2001), 625,219 (2000), 418,783 (1999), 260,724 (1998), 151,865 (1997)
REGULATORY BODY: Ministry of Finance Insurance Companies Control ServicePO Box 233641682 Nicosia, CyprusTel: (357) 2-303-256Fax: (357) 2-302-938
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $407 (U.S. $ millions)Nonlife premiums: 182Life premiums: 225
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
32 I.I.I. International Insurance Fact Book 2003
POPULATION:767,314 (est. July 2002)
GDP:$9.1 billion (est. 2001)
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 32
ASSOCIATION: Czech Insurance AssociationNa Porici 1211530 Prague 1, Czech RepublicTel: (420) 2-2487-5611Fax: (420) 2-2487-5612http://www.cap.cz/
CURRENCY: Czech koruna (CZK)
EXCHANGE RATES: koruny per U.S. dollar —36.325 (January 2002), 38.035 (2001), 38.598 (2000), 34.569 (1999),32.281 (1998), 31.698 (1997)
REGULATORY BODY: Office of the State Supervision forInsurance and Pension Funds
Letenska 1511810 Prague 1, Czech RepublicTel: (420) 2-5704-2132Fax: (420) 2-5704-3049
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $2,123 (U.S. $ millions)Nonlife premiums: 1,379Life premiums: 744
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
www.iii.org or www.insurance.info I.I.I. International Insurance Fact Book 2003 33
POPULATION:10,256,760 (est. July 2002)
GDP:$147.9 billion (est. 2001)
Czech Republic
LEADING NONLIFE INSURANCE COMPANIES, 2001
Written premiums*
Company CZK Mn USD Mn
Ceska Pojistovna 19,019.5 500.0
Kooperativa Pojistovna 11,483.7 301.9
Allianz Pojistovna 6,079.3 159.8
Pojistovna CS 2,618.4 68.8
IPB Pojistovna 2,350.6 61.8
Komercni Pojistovna 1,536.9 40.4
Generali Pojistovna 1,491.5 39.2
EGAP 1,282.5 33.7
UNIQA Pojistovna 1,176.5 30.9
Ceska Podnikatelska Pojistovna 1,002.8 26.4*Gross written premiums.
LEADING LIFE INSURANCE COMPANIES, 2001
Gross written premiums
Company CZK Mn USD Mn
Ceska Pojistovna 12,009.4 315.7 ING NationaleNederlanden 4,227.1 111.1
IPB Pojistovna 3,163.0 83.1 Kooperativa Pojistovna 2,085.9 54.8
Allianz Pojistovna 1,198.1 31.5
Pojistovna CS 1,041.5 27.4
Komercni Pojistovna 1,029.8 27.1
Amcico 994.8 26.2
Winterthur 780.3 20.5
Generali Pojistovna 609.1 16.0
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 33
Denmark
LEADING NONLIFE INSURANCE COMPANIES, 1999
Written premiums*
Company DKK Mn USD Mn
Tryg-Baltica 6,055.0 868.0
Topdanmark 5,417.0 776.5
Codan 3,676.0 526.9
Alm. Brand 2,556.0 366.4
Sygeforsikringen Danmark 2,138.0 306.5
Alka 1,028.0 147.4
Laererstanden 808.0 115.8
Kommunernes 686.0 98.3
Ostifterne 682.0 97.8
GF-Forsikring 651.0 93.3*Gross written premiums.
LEADING LIFE INSURANCE COMPANIES, 1999
Gross written premiums
Company DKK Mn USD Mn
PFA Pension 9,501.0 1,362.0
Danica 6,707.0 961.4
Tryg-Baltica Liv 4,063.0 582.4
Kommunernes Pensionforsikring 3,550.0 508.9
Codan Liv 2,554.0 366.1
Industriens Pension 2,072.0 297.0
Topdanmark Liv 1,979.0 283.7
Pen-Sam Liv 1,955.0 280.2
Bygge og Anlaeg 1,293.0 185.3
Sygeplejersker 1,120.0 160.6
ASSOCIATION: Council of Danish Insurance andPensions
Amaliegade 101256 København K, DenmarkTel: (45) 33-43-55-00Fax: (45) 33-43-55- 01http://www.forsikringenshus.dk/
CURRENCY: Danish krone (DKK)
EXCHANGE RATES: Danish kroner per U.S. dollar —8.418 (January 2002), 8.323 (2001), 8.083 (2000), 6.976 (1999),6.701 (1998), 6.604 (1997);note - the Danes rejected the euro in a 28 September 2000 referendum
REGULATORY BODY: Danish Financial SupervisoryAuthority
Gl. Kongevej 74A1850 Frederiksberg C, DenmarkTel: (45) 33-55-8282Fax: (45) 33-55-8200
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $11,197 (U.S. $ millions)Nonlife premiums: 3,902Life premiums: 7,295
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
34 I.I.I. International Insurance Fact Book 2003
POPULATION:5,368,854 (est. July 2002)
GDP:$149.8 billion (est. 2001)
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 34
ASSOCIATION: Dominican Association of Insurersand Reinsurers
PO Box 601Avenida Winston ChurchillSanto Domingo, Dominican RepublicTel: (809) 566-0014Fax: (809) 566-2600http://www.cadoar.org.do/
CURRENCY: Dominican peso (DOP)
EXCHANGE RATES: Dominican pesos per U.S. dollar —17.310 (January 2002), 16.952 (2001), 16.415 (2000), 16.033 (1999),15.267 (1998), 14.265 (1997)
REGULATORY BODY: Superintendencia de SegurosAvenida Mexico No. 54; Apartado
PostalSanto Domingo, Dominican RepublicTel: (809) 686-1316Fax: (809) 685-5096
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $486 (U.S. $ millions)Nonlife premiums: 442Life premiums: 44
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
www.iii.org or www.insurance.info I.I.I. International Insurance Fact Book 2003 35
POPULATION:8,721,594 (est. July 2002)
GDP:$50 billion (est. 2001)
Dominican Republic
LEADING NONLIFE INSURANCE COMPANIES, 2000
Written premiums*
Company DOP Mn USD MnCompania Nacional de Seguros 1,491.6 90.9
La Universal de Seguros 1,178.0 71.8
Intercontinental de Seguros 761.2 46.4
Seguros America 447.5 27.3
La Colonial de Seguros 331.6 20.2
Magna, Compania de Seguros 269.1 16.4
Seguros La Antilla 200.9 12.2
Cia de Seguros Palic 128.7 7.8
Seguros Pepin 116.1 7.1
Transglobal de Seguros 112.1 6.8*Gross written premiums, including personalaccident.
LEADING LIFE INSURANCE COMPANIES, 2000
Gross written premiums
Company DOP Mn USD Mn
Cia de Seguros Palic 142.0 8.7
La Universal de Seguros 119.7 7.3
Caribbean American Life & General 110.1 6.7
Compania Nacional de Seguros 109.5 6.7
Seguros San Rafael 77.1 4.7
Intercontinental de Seguros 58.2 3.5
La Colonial 56.1 3.4
La Americana 32.9 2.0
Seguros La Antilla 18.0 1.1
Transglobal de Seguros 13.8 0.8
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 35
Ecuador
LEADING NONLIFE INSURANCE COMPANIES, 2001
Written premiums*
Company USD Mn
Colonial 32.0
Ace Seguros 24.9
Interoceanica 19.8
Equinoccial 19.7
Rocafuerte 17.3
AIG Metropolitana 13.9
Bolivar 12.1
Integral 12.1
Panamerica 11.4
La Union 11.3*Gross written premiums.
LEADING LIFE INSURANCE COMPANIES, 2001
Gross written premiums
Company USD Mn
Pan American Life 6.3
Equivida 4.3
Bolivar 2.9Seguros del Pichincha 2.8
Panamericana 1.6
Memorias 1.3
Rocafuerte 1.2
Colvida 0.9
Filanseguros 0.8
Interoceanica 0.8
ASSOCIATION: Insurance Companies’ Association of Ecuador
Edificio SevillaJuan Leon Mera 565Quito, EcuadorTel: (593) 2-256-9554Fax: (593) 2-255-0270
CURRENCY: US dollar (USD)
EXCHANGE RATES: sucres per U.S. dollar —25,000.0 (January 2002), 25,000.0 (2001), 24,988.4 (2000), 11,786.8 (1999), 5,446.6 (1998), 3,988.3 (1997)
REGULATORY BODY: Superintendencia de BancosAv. 12 de Octubre N24-185 y Madrid
Piso 6Quito, EcuadorTel: (593) 2-541-326Fax: (593) 2-506-812
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $313 (U.S. $ millions)Nonlife premiums: 287Life premiums: 26
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
36 I.I.I. International Insurance Fact Book 2003
POPULATION:13,447,494 (est. July 2002)
GDP:$39.6 billion (est. 2001)
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 36
ASSOCIATION: Insurance Federation of Egypt10 Iran StreetDokki, Giza, EgyptTel: (20) 202-338-8471Fax: (20) 202-338-8474
ASSOCIATION: General Arab Insurance Federation8, Kaser El Nil StreetPO Box 611Cairo, 11511, EgyptTel: (20) 2-574-3177Fax: (20) 2-576-2310http://www.gaif.org/
CURRENCY: Egyptian pound (EGP)
EXCHANGE RATES: Egyptian pounds per U.S. dollar —market rate - 4.5000 (January 2002),4.4900 (2001), 3.6900 (2000),3.4050 (1999), 3.3880 (1998),3.3880 (1997)
REGULATORY BODY: Egyptian Insurance SupervisoryAuthority
28 Talaat Harb Street; PO Box 2545Cairo, EgyptTel: (20) 2-575-8682Fax: (20) 2-575-8645
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $562 (U.S. $ millions)Nonlife premiums: 388Life premiums: 174
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
www.iii.org or www.insurance.info I.I.I. International Insurance Fact Book 2003 37
POPULATION:70,712,345 (est. July 2002)
GDP:$258 billion (est. 2001)
Egypt
LEADING NONLIFE INSURANCE COMPANIES, 2001
Written premiums*
Company EGP Mn USD Mn
Misr 538.2 119.9
Al Chark 314.3 70.0
National 191.1 42.6
Suez Canal 132.2 29.4
Pharaonic 83.3 18.5
Mohandes 72.3 16.1
Delta 61.7 13.7
AMIG 28.9 6.4
Cooperative 5.6 1.2
Egyptian ExportCredit 0.8 0.2*Gross written premiums.
LEADING LIFE INSURANCE COMPANIES, 2001
Gross written premiums
Company EGP Mn USD Mn
Al Chark 244.1 54.4
Misr 210.5 46.9
National 72.6 16.2
Alico 46.3 10.3
Mohandes 38.0 8.5
Delta 33.3 7.4
Suez Canal 12.3 2.7
CIL 7.7 1.7
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 37
El Salvador
LEADING NONLIFE INSURANCE COMPANIES, 2001
Written premiums*
Company SAC Mn USD MnAseguradora Suiza Salvadorena 378.9 43.3
SISA, Vida S.A. 343.4 39.2Seguros e Inversiones 286.4 32.7La CentroAmericana 233.6 26.7Compania General de Seguros 207.0 23.7Aseguradora Agricola, S.A. 205.1 23.4Internacional de Seguros 119.9 13.7
La Principal S.A. 115.4 13.2AIG, Union y Desarollo 112.6 12.9
Pan American Life 67.5 7.7*Life and nonlife business. Separate figures not available.
LEADING LIFE INSURANCE COMPANIES, 1999
Gross written premiums
Company SAC Mn USD MnSeguros e Inversiones 351.6 40.2 Aseguradora Suiza Salvadorena 247.4 28.3 La CentroAmericana 180.7 20.6 AIG Union y Desarrollo 144.2 16.5 Compania General de Seguros 135.6 15.5 Aseguradora Agricola Comercial 114.8 13.1
Seguros Universales 100.8 11.5 Internacional de Seguros 80.5 9.2
Pan American Life 70.0 8.0
Aseguradora Popular 33.2 3.8
ASSOCIATION: Asociacion Salvadoreña de Empresasde Seguros (ASES)
Condominio Plaza SuizaLocal L-A17Colonia San Benito, AP 2236San Salvador, El SalvadorTel: (503) 298-0209Fax: (503) 298-0212http://www.ases.com.sv/
CURRENCY: Salvadoran colon (SAC); US dollar (USD)
EXCHANGE RATES: Salvadoran colones per U.S. dollar —8.750 (fixed since January 2001), 8.755 (fixed rate since 1993)
REGULATORY BODY: Superintendencia del SistemaFinanciero
Colonia Flor Blanca 4a. Calle Poniente No 2223San Salvador, El SalvadorTel: (503) 260-7199Fax: (503) 260-7511
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $249 (U.S. $ millions)Nonlife premiums: 190Life premiums: 59
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
38 I.I.I. International Insurance Fact Book 2003
POPULATION:6,353,681 (est. July 2002)
GDP:$28.4 billion (est. 2001)
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 38
ASSOCIATION: Federation of Finnish InsuranceCompanies
Bulevardi 28PO Box 214Helsinki, FIN-00120, FinlandTel: (358) 9-680-401Fax: (358) 9-680-40216http://www2.vakes.fi/svk/english/
CURRENCY: markka (FIM); euro (EUR)
EXCHANGE RATES: euros per U.S. dollar —1.1324 (January 2002), 1.1175 (2001), 1.0854 (2000), 0.9386 (1999);markkaa per U.S. dollar —5.3441 (1998), 5.1914 (1997)
REGULATORY BODY: Insurance Supervisory AuthorityPO Box 449Mikonkatu 8FIN-00101 Helsinki, FinlandTel: (358) 9-4155-9510Fax: (358) 9-4155-9660
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $10,879 (U.S. $ millions)Nonlife premiums: 2,368Life premiums: 8,511
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
www.iii.org or www.insurance.info I.I.I. International Insurance Fact Book 2003 39
POPULATION:5,183,545 (est. July 2002)
GDP:$133.5 billion (est. 2001)
Finland
LEADING NONLIFE INSURANCE COMPANIES, 2000
Written premiums*
Company FIM Mn USD Mn
Vahinko-Pohjola 2,952.4 457.0
Vahinko-Tapiola 2,027.6 313.9
Sampo 1,987.1 307.6
Teollisuusvakuutus 1,408.9 218.1
Yritys-Sampo 1,372.9 212.5
Yrittajain Fennia 1,304.6 201.9Mutual Insurance Associations 682.6 105.7
A-Vakuutus 433.4 67.1
Lahivakuutus 417.0 64.6
Pohjantahti 275.2 42.6*Gross written premiums.
LEADING LIFE INSURANCE COMPANIES, 2000
Gross written premiums
Company FIM Mn USD Mn
Merita 11,333.8 1,754.5
Henki-Sampo 3,412.2 528.2
Aurum 2,291.3 354.7
Henki-Pohoja 1,990.3 308.1
Suomi 1,713.3 265.2
Leonia 1,100.0 170.3
Henki-Tapiola 1,008.5 156.1
Kaleva 779.3 120.6
Henki-Fennia 478.5 74.1
Henki-Verdandi 398.5 61.7
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 39
France
LEADING NONLIFE INSURANCE COMPANIES, 2001
Written premiums*
Company FRF Bn USD Bn
AXA 36.4 5.0
Groupama GAN 34.3 4.7
AGF Allianz 32.7 4.5
MACIF 15.2 2.1
Azur GMF 13.3 1.8
Mutual du Mans 13.1 1.8
Generali 11.4 1.6
MAIF 11.4 1.6
MAAF 10.7 1.5
CGNU 9.3 1.3*Gross written premiums.
LEADING LIFE INSURANCE COMPANIES, 2001
Gross written premiums
Company FRF Bn USD Bn
CNP 102.1 13.9
Credit Agricole 60.8 8.3
AXA France 58.1 7.9
BNP Paribas 40.3 5.5
Credit Mutuel - CIC 32.9 4.5
Generali 30.2 4.1
AGF 29.9 4.1
Sogecap 28.2 3.9
Union des Ass. Federales 23.1 3.2
CGNU 22.3 3.0
ASSOCIATION: Federation of French InsuranceCompanies
26 Boulevard Haussman75009 Paris, FranceTel: (33) 1-42-47-9000Fax: (33) 1-42-47-9311http://www.ffsa.com/
CURRENCY: euro (EUR); French franc (FRF)
EXCHANGE RATES: euros per U.S. dollar —1.1324 (January 2002), 1.1175 (2001),1.0854 (2000), 0.9386 (1999); French francs per U.S. dollar —5.65 (January 1999), 5.8995 (1998),5.8367 (1997)
REGULATORY BODY: Commission de Controle desAssurances
54 rue de Chateaudun75436 Paris Cedex 09, FranceTel: (33) 1-44-83-1183Fax: (33) 1-47-70-0375
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $113,596 (U.S. $ millions)Nonlife premiums: 38,449Life premiums: 75,146
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
40 I.I.I. International Insurance Fact Book 2003
POPULATION:59,765,983 (est. July 2002)
GDP:$1.51 trillion (est. 2001)
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 40
ASSOCIATION: German Insurance AssociationFriedrichstrasse 19110117 Berlin, GermanyTel: (49) 030-2020-5117Fax: (49) 030-2020-6604http://www.gdv.de/
CURRENCY: euro (EUR); deutsche mark (DEM)
EXCHANGE RATES: euros per U.S. dollar —1.1324 (January 2002), 1.1175 (2001), 1.0854 (2000), 0.9386 (1999);deutsche marks per U.S. dollar —1.69 (January 1999), 1.7597 (1998),1.7341 (1997)
REGULATORY BODY: Bundesaufsichtsamt fur dasVersicherungswesen
Graurheindorfer Strasse 10853117 Bonn, GermanyTel: (49) 228-422-7301Fax: (49) 228-422-7399
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $123,682 (U.S. $ millions)Nonlife premiums: 68,051Life premiums: 55,631
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
www.iii.org or www.insurance.info I.I.I. International Insurance Fact Book 2003 41
POPULATION:83,251,851 (est. July 2002)
GDP:$2.174 trillion (est. 2001)
Germany
LEADING NONLIFE INSURANCE COMPANIES, 2000
Written premiums*
Company DEM Mn USD Mn
Allianz Vers. 13,170.0 6,212.3
AXA Vers. 5,571.0 2,627.8
Gerling-K. Allgemeine 4,748.0 2,239.6
R+V Allgemeine Vers. 3,580.0 1,688.7
HDI Haftpflichtv 2,797.0 1,319.3
HUK-Coburg 2,704.0 1,275.5
Wurtt. Vers. 2,599.0 1,225.9
Zurich Agrip. Vers. AG. 2,574.0 1,214.2
Gothaer Vers. Bank 2,565.0 1,209.9
Victoria Vers. 2,484.0 1,171.7*Total gross earned premiums, including personalaccident and inwards reinsurance.
LEADING LIFE INSURANCE COMPANIES, 2000
Gross written premiums
Company DEM Mn USD Mn
Allianz Leben 16,530.0 9,392.0
Hamb. Mannheimer LV 5,547.0 3,151.7
R+V Lebenvers. AG 5,020.0 2,852.3
Aachener/Mchn. Leben 4,988.0 2,834.1
DT. Herold Leben 4,722.0 2,683.0
Volksfursorge DT.Leben 4,356.0 2,475.0
Victoria Leben 4,104.0 2,331.8
AXA Leben 3,861.0 2,193.8
Debeka Leben 3,379.0 1,919.9
Bayern-Vers. 3,113.0 1,768.8
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 41
Greece
LEADING NONLIFE INSURANCE COMPANIES, 2000
Written premiums*
Company GRD Bn USD Mn
Ethniki 87.5 239.5
Phoenix 40.2 110.0
Agrotiki General 26.8 73.3
Interamerican Property 24.0 65.7
Allianz General 21.9 60.0
Alpha Ins. 20.4 55.8
NordsternColonia Hellas 13.9 37.9
Aspis Pronia Non-Life 11.2 30.6
Generali Hellas 9.6 26.2
International Union 9.4 25.6*Nonlife direct business.
LEADING LIFE INSURANCE COMPANIES, 2000
Gross written premiums
Company GRD Bn USD Mn
Interamerican Life 102.0 279.1
Ethniki 72.1 197.3
Nationale - Nederlanden Life 65.7 179.9
Aspis Pronia General 39.1 107.1
ALICO AIG 36.4 99.5
Allianz Life 25.0 68.3
Agrotiki Life 18.9 51.7
Metrolife - Emporiki Life 18.5 50.6
Alpha Ins. 13.9 38.1
Commercial Union Life 11.1 30.3
ASSOCIATION: Greek Association of InsuranceCompanies
Xenophontos 1010557 Athens, GreeceTel: (30) 1-333-4100Fax: (30) 1-333-4149http://www.add.gr/comp/eaee/
CURRENCY: euro (EUR); drachma (GRD)
EXCHANGE RATES: euros per U.S. dollar —1.1324 (January 2002), 1.1175 (2001);drachmae per U.S. dollar —380.21 (December 2000),365.40 (2000), 305.65 (1999), 295.53 (1998), 273.06 (1997)
REGULATORY BODY: Ministry of DevelopmentInsurance DepartmentKanigos Square10181 Athens, GreeceTel: (30) 1-382-7734Fax: (30) 1-382-7734
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $2,364 (U.S. $ millions)Nonlife premiums: 1,209Life premiums: 1,156
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
42 I.I.I. International Insurance Fact Book 2003
POPULATION:10,645,343 (est. July 2002)
GDP:$189.7 billion (est. 2001)
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 42
ASSOCIATION: Guatemalan Insurance AssociationEdificio Torre Professional I, Oficina
7036a Avenida 0-60Zona 4, Guatemala City, 01004,
GuatemalaTel: (502) 335-2140Fax: (502) 335-2357http://www.agis.centroamerica.com/
CURRENCY: quetzal (GTQ), US dollar (USD), others allowed
EXCHANGE RATES: quetzales per U.S. dollar —8.0165 (January 2002), 7.8586 (2001), 7.7632 (2000), 7.3856 (1999),6.3947 (1998), 6.0653 (1997)
REGULATORY BODY: Superintendencia de Bancos deGuatemala
9a. Av. 22-00, Zona 1Guatemala City, Guatemala 01001Tel: (502) 232-5302Fax: (502) 232-5301
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $212 (U.S. $ millions)Nonlife premiums: 170Life premiums: 41
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
www.iii.org or www.insurance.info I.I.I. International Insurance Fact Book 2003 43
POPULATION:13,314,079 (est. July 2002)
GDP:$48.3 billion (est. 2001)
Guatemala
LEADING NONLIFE INSURANCE COMPANIES, 2001
Written premiums*
Company GTQ Mn USD Mn
GYT 337.7 43.0
Roble 249.9 31.8
General 217.2 27.6
Occidente 160.3 20.4
Universales 104.9 13.3
Seguridad 99.2 12.6
Casa 92.1 11.7
Panamerica 69.4 8.8
Cigna 52.1 6.6
De La Nacion 51.7 6.6*Gross written premiums.
LEADING LIFE INSURANCE COMPANIES
Data not available.
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 43
Honduras
LEADING NONLIFE INSURANCE COMPANIES, 2001
Written premiums*
Company HOL Mn USD Mn
Ahorro 373.8 24.2
Atlantida 346.0 22.4
Interamericana 303.2 19.6
Aseguradora 140.0 9.0
Continental 99.4 6.4
Crefisa 94.1 6.1
American 66.5 4.3
Capital 63.4 4.1
Previsa 41.0 2.7
Equidad 3.5 0.2*Gross written premiums.
LEADING LIFE INSURANCE COMPANIES, 2001
Gross written premiums
Company HOL Mn USD Mn
Pan American 233.8 15.8
Aseguradora 110.4 7.4
Ahorro 75.6 5.1
Atlantida 61.4 4.1
Capital 52.5 3.5
Crefisa 33.2 2.2
Previsa 28.7 1.9
Interamericana 28.3 1.9
Continental 21.1 1.4
Equidad 14.0 0.9
ASSOCIATION: Honduran Insurance AssociationEdificio Los JarrosLocal 313, 3 PisoBoulevard MorazanTegucigalpa, HondurasTel: (504) 239-0342Fax: (504) 239-6020
CURRENCY: lempira (HOL)
EXCHANGE RATES: lempiras per U.S. dollar —16.0256 (January 2002), 15.9197 (2001), 15.1407 (2000), 14.5039 (1999), 13.8076 (1998),13.0942 (1997)
REGULATORY BODY: Comision Nacional de Bancos ySeguros
Edificio Anexo del Banco Central deHonduras
Apartado Postal 3165Comayaguela M.D.C., Honduras, C.A.Tel: (504) 237-7979Fax: (504) 237-5933
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $168 (U.S. $ millions)Nonlife premiums: 121Life premiums: 47
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
44 I.I.I. International Insurance Fact Book 2003
POPULATION:6,560,608 (est. July 2002)
GDP:$17 billion (est. 2001)
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 44
ASSOCIATION: Hong Kong Federation of Insurers353 Lockhart Road29/F Sunshine PlazaWanchai, Hong KongTel: (852) 2520-1868Fax: (852) 2520-1967http://www.hkfi.org.hk/
CURRENCY: Hong Kong dollar (HKD)
EXCHANGE RATES: Hong Kong dollars per U.S. dollar —7.798 (January 2002), 7.7994 (2001),7.7918 (2000), 7.7589 (1999), 7.7462 (1998), 7.7425 (1997); note - the Hong Kong dollar is linked to the U.S. dollar at a rate of about 7.8 Hong Kong dollars per U.S. dollar
REGULATORY BODY: Office of the Commissioner ofInsurance
21st. Floor, Queensway GovernmentOffices
66 Queensway, Hong KongTel: (852) 2867-2546Fax: (852) 2501-0798
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $10,392 (U.S. $ millions)Nonlife premiums: 1,987Life premiums: 8,404
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
www.iii.org or www.insurance.info I.I.I. International Insurance Fact Book 2003 45
POPULATION:7,303,334 (est. July 2002)
GDP:$180 billion (est. 2001)
Hong Kong
LEADING NONLIFE INSURANCE COMPANIES, 2001
Written premiums*
Company HKD Mn USD Mn
Ming An 1,376.5 176.5
Bank of China Group 1,109.3 142.2
American Home 985.6 126.4
AXA General 777.9 99.7
HSBC Insurance 698.1 89.5
QBE HKSI 627.6 80.5
CGU 487.1 62.4
Hang Seng Insurance 434.3 55.7
Asia Insurance 430.3 55.2
HSBC Medical 426.7 54.7*Gross written premiums, including inwardsreinsurance business.
LEADING LIFE INSURANCE COMPANIES, 2001
Gross written premiums
Company HKD Mn USD Mn
AIA (Bermuda) 10,335.6 1,325.1
AXA China (Bermuda) 6,751.3 865.5
Manulife(International) 5,980.0 766.7
HSBC Life 5,606.6 718.8
Prudential (UK) 3,534.9 453.2
CMG Asia 2,140.5 274.4
CMI 2,122.6 272.1
Pacific Century 1,979.7 253.8
Principal 1,631.7 209.2
BOC Group Life 1,617.2 207.3
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 45
Hungary
LEADING NONLIFE INSURANCE COMPANIES, 2001
Written premiums*
Company HUF MN USD Mn
Allianz Hungaria 106,738.0 372.6
Generali-Providencia 50,635.0 176.7
AB Aegon 21,785.0 76.0
OTP-Garancia 20,759.0 72.5
AXA-Colonia 16,365.0 57.1
Argosz 7,789.0 27.2
QBE-Atlasz 4,760.0 16.6
AHICO 3,778.0 13.2
Winterthur 2,332.0 8.1
Zurich 1,834.0 6.4*Gross written premiums.
LEADING LIFE INSURANCE COMPANIES, 2001
Gross written premiums
Company HUF Mn USD Mn
ING N-N 52,644.0 183.8
AB Aegon 31,815.0 111.1
OTP-Garancia 21,515.0 75.1
Generali-Providencia 21,101.0 73.7
Allianz Hungaria 13,278.0 46.3
MEBIT 6,505.0 22.7
AXA-Colonia 5,253.0 18.3
Signal 4,625.0 16.1
Union 3,938.0 13.7
AHICO 3,840.0 13.4
ASSOCIATION: Association of Hungarian InsuranceBudapest V. Deák F. u. 10.Budapest, HungaryTel: (36) 1-318-3473Fax: (36) 1-337-5394http://www.mabisz.hu/english/
index.html
CURRENCY: forint (HUF)
EXCHANGE RATES: forints per U.S. dollar —275.920 (January 2002), 286.490 (2001), 282.179 (2000), 237.146 (1999), 214.402 (1998), 186.789 (1997)
REGULATORY BODY: Hungarian Financial SupervisoryAuthority
Krisztina krt. 39Budapest, Hungary 1013-HMail: 114. Pf.: 777; 1535 Budapest
HungaryTel: (36) 1-489-9100Fax: (36) 1-489-9102
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $1,450 (U.S. $ millions)Nonlife premiums: 847Life premiums: 603
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
46 I.I.I. International Insurance Fact Book 2003
POPULATION:10,075,034 (est. July 2002)
GDP:$120.9 billion (est. 2001)
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 46
ASSOCIATION: Insurance Association of IcelandSudurlandsbraut 6108 Reykjavik, IcelandTel: (354) 568-1612Fax: (354) 568-9664
CURRENCY: Icelandic krona (ISK)
EXCHANGE RATES: Icelandic kronur per U.S. dollar —102.430 (January 2002), 97.425 (2001), 78.616 (2000), 72.335 (1999), 70.958 (1998), 70.904 (1997)
REGULATORY BODY: The Financial Supervisory Authority(FME)
Sudurlandsbraut 32IS-108 Reykjavik, IcelandTel: (354) 525-2700Fax: (354) 525-2727
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $242 (U.S. $ millions)Nonlife premiums: 223Life premiums: 18
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
www.iii.org or www.insurance.info I.I.I. International Insurance Fact Book 2003 47
POPULATION:279,384 (est. July 2002)
GDP:$6.85 billion (est. 2000)
Iceland
LEADING NONLIFE INSURANCE COMPANIES, 2000
Written premiums*
Company ISK Mn USD Mn
Sjova-Almennar 6,432.2 81.8
VIS hf. 5,837.5 74.3
Tryggingamidstodin 4,614.9 58.7
Vidlagatr. Islands 747.1 9.5
Vordur 220.1 2.8
Samabyrgd 62.7 0.8
Althjoda 39.3 0.5
Ísfirdinga 37.5 0.5
Grotta 34.1 0.4
Sameinada 27.7 0.4*Gross written premiums for nonlife insurers and thenonlife premiums of life insurers.
LEADING LIFE INSURANCE COMPANIES, 2000
Gross written premiums
Company ISK Mn USD Mn
Sameinada 654.6 8.3
LIFIS 425.5 5.4
Althjoda 333.4 4.2
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 47
India
LEADING NONLIFE INSURANCE COMPANIES, 2001
Written premiums*
Company INR Mn USD Mn
New India 30,411.7 644.5
United India 24,410.9 517.3
Oriental 21,996.7 466.1
National 21,178.8 448.8
GIC 2,800.8 59.4
IFFCO-Tokio 58.3 1.2
Reliance General 10.7 0.2
Royal Sundaram Alliance 2.4 0.0*Gross written premiums.
LEADING LIFE INSURANCE COMPANIES
Data not available.
ASSOCIATION: Insurance Institute of IndiaUniversal Insurance BuildingP Mehta RoadMumbai 400 001, IndiaTel: (91) 22-287-2923
CURRENCY: Indian rupee (INR)
EXCHANGE RATES: Indian rupees per U.S. dollar —48.336 (January 2002), 47.186 (2001), 44.942 (2000), 43.055 (1999), 41.259 (1998), 36.313 (1997)
REGULATORY BODY: Ministry of FinanceInsurance Regulatory Authority13-B, Sagar; Apartment6 Tilak MargNew Delhi 110001, IndiaTel: (91) 11-338-6609Fax: (91) 11-338-6621
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $11,877 (U.S. $ millions)Nonlife premiums: 2,459Life premiums: 9,418
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
48 I.I.I. International Insurance Fact Book 2003
POPULATION:1,045,845,226 (est. July 2002)
GDP:$2.5 trillion (est. 2001)
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 48
ASSOCIATION: Insurance Council of IndonesiaJl. Majapahit 34 Blok V/29Jakarta 10160, IndonesiaTel: (62) 21-345-4387Fax: (62) 21-345-4307http://www.dai.or.id/
CURRENCY: Indonesian rupiah (IDR)
EXCHANGE RATES: Indonesian rupiahs per U.S. dollar —10,377.3 (January 2002), 10,260.9 (2001), 8,421.8 (2000),7,855.2 (1999), 10,013.6 (1998),2,909.4 (1997)
REGULATORY BODY: Ministry of Finance Directorate General of Financial
InstitutionsDirectorate of InsuranceGedung A/Lt. 8, Jl. Dr. WahidinJakarta, Indonesia 10710Tel: (62) 21-350-9118Fax: (62) 21-350-9117
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $1,641 (U.S. $ millions)Nonlife premiums: 868Life premiums: 773
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
www.iii.org or www.insurance.info I.I.I. International Insurance Fact Book 2003 49
POPULATION:231,328,092 (est. July 2002)
GDP:$687 billion (est. 2001)
Indonesia
LEADING NONLIFE INSURANCE COMPANIES, 2000
Written premiums*
Company IDR Bn USD Mn
Tugo Pratama Indonesia 721.6 85.7
Jasa Indonesia 506.3 60.1
Central Asia 443.5 52.7
Sinar Mas 409.4 48.6
Astra Buana 393.4 46.7
Allianz Utama Indonesia 305.9 36.3
AIU Indonesia 262.3 31.2
Mitsui Marine Indonesia 230.3 27.3
Tokio Marine Indonesia 219.7 26.1
Wahana Tata 216.6 25.7*Gross written premiums.
LEADING LIFE INSURANCE COMPANIES, 2000
Gross written premiums
Company IDR Bn USD Mn
Bumiputera 1912 1,326.1 157.5
AIG Lippo Life 1,240.4 147.3
Jiwasraya 809.7 96.1
Indolife Pensiontama 693.7 82.4
Jiwa Manulife Indonesia 448.4 53.2
Sewu New York Life 355.2 42.2
AIA Indonesia 273.8 32.5
Bringin Jiwa Sejahtera 206.3 24.5
Central Asia Raya 170.1 20.2
Prudential Bancbali Life 146.3 17.4
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 49
Iran
LEADING NONLIFE INSURANCE COMPANIES, 1995/96
Written premiums*
Company IRR Mn USD Mn
Bimeh Iran 501,163.0 167.0
Bimeh Asia 205,694.0 68.6
Bimeh Alborz 99,456.0 33.2
Bimeh Dana 80,764.0 26.9*Direct market gross written premiums for both lifeand nonlife business.
LEADING LIFE INSURANCE COMPANIES
Data not available.
CURRENCY: Iranian rial (IRR)
EXCHANGE RATES: from 1997 to 2001, Iran had a multi-exchange-rate system; one of theserates, the official floating exchangerate, by which most essential goodswere imported, averaged 1,750 rialsper U.S. dollar; in March 2002, themulti-exchange-rate system was con-verged into one rate at about 7,900rials per U.S. dollar
REGULATORY BODY: Central Insurance of Iran72 Africa Avenue, PO Box 19395-558819157 Tehran, IranTel: (98) 21-205-0001-4Fax: (98) 21-205-4099
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $725 (U.S. $ millions)Nonlife premiums: 653Life premiums: 72
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
50 I.I.I. International Insurance Fact Book 2003
POPULATION:66,622,704 (est. July 2002)
GDP:$426 billion (est. 2001)
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 50
ASSOCIATION: Irish Insurance Federation39 Molesworth StreetDublin 2, IrelandTel: (353) 1-676-1820Fax: (353) 1-676-1943http://www.iif.ie
CURRENCY: euro (EUR); Irish pound (IRP)
EXCHANGE RATES: euros per U.S. dollar —1.1324 (January 2002), 1.1175 (2001), 1.0854 (2000), 0.9386 (1999);Irish pounds per U.S. dollar —0.7014 (1998), 0.6588 (1997)
REGULATORY BODY: Department of Enterprise, Trade &Employment
Insurance Section, Earlsfort CentreEarlsfort TerraceDublin 2, IrelandTel: (353) 1-631-2677Fax: (353) 1-631-2550
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $15,302 (U.S. $ millions)Nonlife premiums: 3,981Life premiums: 11,321
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
www.iii.org or www.insurance.info I.I.I. International Insurance Fact Book 2003 51
POPULATION:3,883,159 (est. July 2002)
GDP:$104.7 billion (est. 2001)
Ireland
LEADING NONLIFE INSURANCE COMPANIES, 2001
Written premiums*
Company IRP Mn USD Mn
Hibernian 572.7 650.8
AXA 360.1 409.3
Royal & SunAlliance 267.4 303.9
Eagle Star Ireland 190.3 216.2
Allianz Ireland 179.6 204.1
FBD 161.2 183.1
Allianz Corporate Ireland 149.2 169.6
Quinn-Direct 123.9 140.8
St. Paul 74.0 84.1
AIG Europe 53.9 61.3*Net written premiums less reinsurance.
LEADING LIFE INSURANCE COMPANIES, 2001
Gross written premiums
Company IRP Mn USD Mn
Irish Life 969.4 1,101.6
Hibernian Life & Pensions 834.8 948.6
Ark 620.3 704.9
Standard Life 527.5 599.5
Lifetime Assurance 503.4 572.0
Friends First Life Ass. 435.2 494.6
New Ireland 405.1 460.3
Canada Life Ass. (Ireland) 383.8 436.1
Eagle Star Life 308.2 350.2
Royal Liver 152.6 173.4
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 51
Israel
LEADING NONLIFE INSURANCE COMPANIES, 2001
Written premiums*
Company NIS Mn USD Mn
Clal 1,790.3 425.3
Sahar-Zion 1,355.2 321.9
Migdal 944.0 224.2
Is. Phoenix 929.2 220.7
Aryeh 760.2 180.6
Menora 695.1 165.1
Hadar 693.8 164.8
Ayalon 670.6 159.3
Shiloach 605.4 143.8
Eliahu 564.7 134.1*Gross written premiums. Policy fees, charged by theinsurer to the policyholder, have not been included.
LEADING LIFE INSURANCE COMPANIES, 2001
Gross written premiums
Company NIS Mn USD Mn
Migdal 4,016.5 954.0
Clal 2,895.2 687.7
Shiloach 1,426.6 338.9
Menora 1,346.7 319.9
Is. Phoenix 1,299.9 308.8
Hadar 985.1 234.0
The Magen 743.8 176.7
Sahar-Zion 518.0 123.0
Aryeh 347.2 82.5
I.L.D 278.0 66.0
ASSOCIATION: Israel Insurance Association39 Rothschild BoulevardTel Aviv 66883, IsraelTel: (972) 3-567-7324Fax: (972) 3-528-5030
CURRENCY: new Israeli shekel (NIS)
EXCHANGE RATES: new Israeli shekels per U.S. dollar —4.2757 (December 2001), 4.2057 (2001), 4.0773 (2000), 4.1397 (1999), 3.8001 (1998), 3.4494 (1997)
REGULATORY BODY: Ministry of Finance1 Kaplan Street, Hakirya;PO Box 1319591008 Jerusalem, IsraelTel: (972) 2-531-7218Fax: (972) 2-652-1857
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $6,552 (U.S. $ millions)Nonlife premiums: 3,171Life premiums: 3,382
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
52 I.I.I. International Insurance Fact Book 2003
POPULATION:6,029,529 (est. July 2002)
GDP:$119 billion (est. 2001)
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 52
ASSOCIATION: Italian Association of InsuranceCompanies
Piazza S Babila 120122 Milan, ItalyTel: (39) 2-776-41Fax: (39) 2-780-870http://www.ania.it
CURRENCY: euro (EUR); Italian lira (ITL)
EXCHANGE RATES: euros per U.S. dollar —1.1324 (January 2002), 1.1175 (2001), 1.0854 (2000), 0.9386 (1999);Italian lire per U.S. dollar —1,688.7 (January 1999), 1,736.2 (1998), 1,703.1 (1997)
REGULATORY BODY: ISVAP - Ist. per la Vigilanza sulleAssicurazioni
Via del Quirinale 2100187 Rome, ItalyTel: (39) 6-421-331Fax: (39) 6-421-332-06
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $68,988 (U.S. $ millions)Nonlife premiums: 27,506Life premiums: 41,481
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
www.iii.org or www.insurance.info I.I.I. International Insurance Fact Book 2003 53
POPULATION:57,715,625 (est. July 2002)
GDP:$1.402 trillion (est. 2001)
Italy
LEADING NONLIFE INSURANCE COMPANIES, 2001
Written premiums*
Company ITL Bn USD Mn
Ras 4,917.6 2,274.9
Generali 4,566.3 2,112.4
Sai 4,281.0 1,980.4
Assitalia 3,472.7 1,606.5
Milano 2,939.0 1,359.6
Winterthur 2,378.8 1,100.4
Lloyd Adriatico 2,276.6 1,053.1
Fondaria 2,218.9 1,026.5
AXA 2,169.7 1,003.7
Unipol 2,151.3 995.2*Total premiums written, including personal accidentand healthcare.
LEADING LIFE INSURANCE COMPANIES, 2001
Gross written premiums
Company ITL Bn USD Mn
Alleanza 6,448.8 2,983.2
Creditras 5,390.6 2,493.7
Generali 4,704.1 2,176.1
Roma 4,520.5 2,091.2
INA 4,311.8 1,994.6
Sanpaolo 4,203.7 1,944.6
Poste 4,151.2 1,920.4
Montepaschi 3,464.9 1,602.9
Mediolanum 3,102.2 1,435.1
Commercial Union 2,654.4 1,227.9
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 53
Ivory Coast
LEADING NONLIFE INSURANCE COMPANIES, 2000
Written premiums*
Company CFA Mn USD Mn
AXA 11,766.3 16.5
NSIA/AGCI 10,526.1 14.8
COLINA 8,974.2 12.6
CAN 7,318.8 10.3
SIDAM 7,109.2 10.0
TISSERINS 6,335.7 8.9
SAFARRIV 5,954.8 8.4
MAI 5,690.8 8.0
MACI 3,852.8 5.4
MCA 2,995.2 4.2*Gross written premiums.
LEADING LIFE INSURANCE COMPANIES, 2000
Gross written premiums
Company CFA Mn USD Mn
GROUPAMA VIE 10,130.5 14.2
AXA VIE 7,667.4 10.8
SAFARRIV VIE 4,890.0 6.9
STAMVIE 2,335.6 3.3
AGCI VIE 2,098.1 2.9
SOMA VIE 2,035.5 2.9
BENEFICIAL LIFE 1,741.0 2.4
MAI VIE 1,553.0 2.2
PRELUXCIA VIE 438.7 0.6
A.A.A. VIE 426.4 0.6
ASSOCIATION: Association des Societes d’Assurancesde Cote d’Ivoire
01 BP 3873 Abidjan 01, Ivory CoastTel: (225) 20-21-62-96Fax: (225) 20-21-18-35
CURRENCY: Communaute Financiere Africainefranc (CFA)
EXCHANGE RATES: Communaute Financiere Africainefrancs (CFA) per U.S. dollar —742.79 (January 2002), 733.04 (2001),711.98 (2000), 615.70 (1999),589.95 (1998), 583.67 (1997)
REGULATORY BODY: Direction des AssurancesImm SCIAM 11eme etage04 BP 2362 Abidjan 04, Ivory CoastTel: (225) 20-21-46-93Fax: (225) 20-21-46-09
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $155 (U.S. $ millions)Nonlife premiums: 108Life premiums: 47
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
54 I.I.I. International Insurance Fact Book 2003
POPULATION:16,804,784 (est. July 2002)
GDP:$25.5 billion (est. 2001)
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 54
ASSOCIATION: Jamaica Association of GeneralInsurance Companies
c/o 58 Half Way Tree RoadKingston 10, JamaicaTel: (876) 929-8404Fax: (876) 929-1074
CURRENCY: Jamaican dollar (JMD)
EXCHANGE RATES: Jamaican dollars per U.S. dollar —47.277 (December 2001), 45.996 (2001), 42.701 (2000), 39.044 (1999), 36.550 (1998),35.404 (1997)
REGULATORY BODY: Office of the Superintendent ofInsurance
51 St. Lucia AvenuePO Box 800Kingston 5, JamaicaTel: (876) 926-1790Fax: (876) 968-4346
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $315 (U.S. $ millions)Nonlife premiums: 188Life premiums: 127
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
www.iii.org or www.insurance.info I.I.I. International Insurance Fact Book 2003 55
POPULATION:2,680,029 (est. July 2002)
GDP:$9.8 billion (est. 2001)
Jamaica
LEADING NONLIFE INSURANCE COMPANIES, 2000
Written premiums*
Company JMD Mn USD Mn
United General 1,969.3 46.1
NEM 1,237.4 29.0
British Caribbean 743.5 17.4
Insurance Co. of W. Indies 738.6 17.3
Dyoll 718.8 16.8
American Home 717.2 16.8
West Indies Alliance 476.6 11.2
Globe 431.0 10.1
Jamaican International 428.3 10.0
Jamaica General 369.3 8.6*Gross written premiums.
LEADING LIFE INSURANCE COMPANIES, 2000
Gross written premiums
Company JMD Mn USD Mn
Life of Jamaica 3,098.2 72.6
Scotia Life 1,584.3 37.1
Guardian Life 1,416.1 33.2
First Life 1,362.6 31.9
Island Life 438.6 10.3
Omni Insurance 327.7 7.7
Cuna Mutual 144.4 3.4
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 55
Japan
LEADING NONLIFE INSURANCE COMPANIES, 2000
Written premiums*
Company YEN Bn USD Mn
Tokio 1,718.8 15,948.6
Yasuda 1,237.4 11,482.0
Mitsui 841.4 7,807.1
Sumitomo 819.2 7,601.0
Nippon 564.8 5,241.1
Dai-Tokyo 537.7 4,989.4
Nichido 504.1 4,677.5
Chiyoda 453.6 4,208.7
Fuji 416.4 3,863.5
Koa 367.9 3,413.8*Direct premium incomes net of cancellations andreturns but including the savings element in maturity-refund policies.
LEADING LIFE INSURANCE COMPANIES, 2001
Gross written premiums
Company YEN Bn USD Mn
Nippon 5,668.3 46,641.3
Dai-Ichi 4,044.1 33,276.3
Sumitomo 2,915.4 23,989.3
Meiji 2,276.4 18,730.9
Yasuda 1,375.5 11,318.3
Asahi 1,084.4 8,922.5
Daido 1,057.9 8,704.7
Mitsui 1,031.3 8,485.6
Taiyo 1,019.0 8,384.7
American Family 787.1 6,476.3
ASSOCIATION: The General Insurance Association ofJapan
Non-Life Insurance Building9 Kanda Awajicho 2-ChomeChiyoda-KuTokyo 101-8335, JapanTel: (81) 3-3255-1703Fax: (81) 3-3255-1234http://www.sonpo.or.jp/english/
english.html
ASSOCIATION: Life Insurance Association of Japan 3rd floor, Shin Kokusai Building4-1 Marunouchi 3-chomeChiyoda-kuTokyo 100-0005, Japan
CURRENCY: yen (JPY)
EXCHANGE RATES: yen per U.S. dollar —132.66 (January 2002), 121.53 (2001), 107.77 (2000), 113.91 (1999), 130.91 (1998), 120.99 (1997)
REGULATORY BODY: Insurance Supervisory Division Supervisory DepartmentFinancial Services AgencyChuo Godo Chousha, 4th Bldg.3-1-1 Kasumigaseki, Chiyoda-kuTokyo 100, JapanTel: (81) 3-3580-4811
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $445,845 (U.S. $ millions)Nonlife premiums: 89,114Life premiums: 356,731
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
56 I.I.I. International Insurance Fact Book 2003
POPULATION:126,974,628 (est. July 2002)
GDP:$3.45 trillion (est. 2001)
IFB. FINAL rev. 8.13.03 8/25/03 10:03 AM Page 56
ASSOCIATION: Jordan Insurance FederationPO Box 1990Jabal Al-Hussein-Taiser Thubian StAmman 11118, JordanTel: (962) 6-568-9266Fax: (962) 6-568-9510http://www.jor-insurancefed.org
ASSOCIATION: General Arab Insurance Federation8, Kaser El Nil StreetPO Box 611Cairo, 11511, EgyptTel: (20) 2-574-3177Fax: (20) 2-576-2310http://www.gaif.org/
CURRENCY: Jordanian dinar (JOD)
EXCHANGE RATES: Jordanian dinars per U.S. dollar —0.7090 (1996-present )
REGULATORY BODY: Insurance Regulatory CommissionPO Box 940829Amman 11194, JordanTel: (962) 6-565-6327Fax: (962) 6-565-6329
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $170 (U.S. $ millions)Nonlife premiums: 145Life premiums: 24
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
www.iii.org or www.insurance.info I.I.I. International Insurance Fact Book 2003 57
POPULATION:5,307,470 (est. July 2002)
GDP:$21.6 billion (est. 2001)
Jordan
LEADING NONLIFE INSURANCE COMPANIES, 1998
Written premiums*
Company JOD Mn USD Mn
Jordan Insurance 11.0 15.6
Middle East 8.1 11.4
Arab Life & Accident 7.4 10.4
Arab German 6.9 9.7
Jerusalem 6.1 8.6
Jordan French 6.0 8.5
Arab Eagle 4.3 6.1
National Ahlia 3.8 5.3
United 3.6 5.0
Jordan Gulf 3.5 4.9*Gross written premiums.
LEADING LIFE INSURANCE COMPANIES
Data not available.
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 57
Kenya
LEADING NONLIFE INSURANCE COMPANIES, 2000
Written premiums*
Company KES Mn USD Mn
Kenindia 2,108.5 27.7
ALICO 1,247.0 16.4
United 892.0 11.7
Heritage All 854.3 11.2
UAP Provincial 753.7 9.9
ICEA 610.9 8.0
Kenyan Alliance 589.3 7.7
Pan Africa 535.1 7.0
Lion of Kenya 529.3 6.9
Occidental 520.9 6.8*Gross written premiums.
LEADING LIFE INSURANCE COMPANIES, 2000
Gross written premiums
Company KES Mn USD Mn
ICEA 1,374.8 18.0
British American 1,010.5 13.3
ALICO 951.9 12.5
Madison 516.2 6.8
Jubilee 372.3 4.9
Kenindia 354.7 4.7
Pan Africa 245.9 3.2
Old Mutual 151.3 2.0
Heritage All 137.2 1.8
Pioneer 83.4 1.1
ASSOCIATION: Association of Kenya InsurersTransnational Plaza, 4th FloorMama Ngina StreetPO Box 45338Nairobi, KenyaTel: (254) 2-220-212Fax: (254) 2-338-315
CURRENCY: Kenyan shilling (KES)
EXCHANGE RATES: Kenyan shillings per U.S. dollar —78.597 (January 2002), 78.563 (2001), 76.176 (2000), 70.326 (1999), 60.367 (1998), 58.732 (1997)
REGULATORY BODY: Department of InsuranceMinistry of FinanceAnniversary Towers, 10th FloorUniversity WayPO Box 43505Nairobi, KenyaTel: (254) 2-330-428Fax: (254) 2-211-711
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $295 (U.S. $ millions)Nonlife premiums: 205Life premiums: 90
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
58 I.I.I. International Insurance Fact Book 2003
POPULATION:31,138,735 (est. July 2002)
GDP:$31 billion (est. 2001)
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 58
CURRENCY: Kuwaiti dinar (KWD)
EXCHANGE RATES: Kuwaiti dinars per U.S. dollar —0.3075 (January 2002), 0.3066, (2001),0.3067 (2000), 0.3044 (1999),0.3047 (1998), 0.3033 (1997)
REGULATORY BODY: Ministry of Commerce & IndustryInsurance Supervisory AuthorityPO Box 2944 HawallyKuwait City, KuwaitTel: (965) 246-6976Fax: (965) 243-6832
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $259 (U.S. $ millions)Nonlife premiums: 199Life premiums: 60
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
www.iii.org or www.insurance.info I.I.I. International Insurance Fact Book 2003 59
POPULATION:2,111,561 (est. July 2002)
GDP:$30.9 billion (est. 2001)
Kuwait
LEADING NONLIFE INSURANCE COMPANIES, 2000
Written premiums*
Company KWD Mn USD Mn
Ahlia Insurance 11.7 37.7
Gulf Insurance 11.1 35.7
Kuwait Insurance 10.7 34.6
Warba Insurance 7.5 24.2
Bahrain Kuwait 3.8 12.3
Lebanese Insurance 1.6 5.2
Oriental Insurance 1.5 4.9
Guardian R.E.A 1.4 4.4
Ittihad Al-Watani 1.0 3.3
New India 0.9 3.0*Gross written premiums.
LEADING LIFE INSURANCE COMPANIES, 2000
Gross written premiums
Company KWD Mn USD Mn
Al-Ahlia 3.2 10.4
Gulf 3.2 10.3
Kuwait 2.8 9.0
American Life 2.6 8.4
Warba 0.7 2.3
AL-itihad Al-Watani 0.2 0.7
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 59
Lebanon
LEADING NONLIFE INSURANCE COMPANIES, 2001
Written premiums*
Company LEP Mn USD Mn
Medgulf 58,867.9 39.1
Bankers 53,870.5 35.7
AXA Middle East 34,589.6 22.9
SNA 27,677.7 18.4
Libano Suisse 27,361.1 18.2
ALICO 23,471.8 15.6
Al Mashrek 21,738.2 14.4
Cumberland 18,708.1 12.4
Fidelity 16,906.6 11.2
Libano Arabe 15,564.9 10.3*Gross written premiums, including healthcare.
LEADING LIFE INSURANCE COMPANIES, 2001
Gross written premiums
Company LEP Mn USD Mn
ALICO 84,608.4 56.1
SNA 20,245.7 13.4
Bancassurance 8,543.0 5.7
Libano Suisse 4,273.8 2.8
Adir 3,256.2 2.2
Libano Arabe 3,128.1 2.1
Sogecap 2,608.0 1.7
Medgulf 2,502.5 1.7
Arope 2,261.3 1.5
Bankers 2,246.2 1.5
ASSOCIATION: Insurance Companies Association ofLebanon
SNA BuildingPO Box 11-8878Place TabarisBeirut, LebanonTel: (961) 1-200-385Fax: (961) 1-338-276http://www.acal.org.lb
ASSOCIATION: General Arab Insurance Federation8, Kaser El Nil StreetPO Box 611Cairo, 11511, EgyptTel: (20) 2-574-3177Fax: (20) 2-576-2310http://www.gaif.org/
CURRENCY: Lebanese pound (LEP)
EXCHANGE RATES: Lebanese pounds per U.S. dollar —1,507.5 (January 2002), 1,507.5 (2001), 1,507.5 (2000),1,507.8 (1999), 1,516.1 (1998), 1,539.5 (1997)
REGULATORY BODY: Insurance Supervisory AuthorityInsurance Control CommissionMinistry of Economy and TradePO Box 113-5245Beirut, Lebanon
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $476 (U.S. $ millions)Nonlife premiums: 392Life premiums: 84
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
60 I.I.I. International Insurance Fact Book 2003
POPULATION:3,677,780 (est. July 2002)
GDP:$18.8 billion (est. 2001)
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 60
ASSOCIATION: Insurance Company Association75 Rue de MamerLU- 8081 BERTRANGE, LuxembourgTel: (352) 44-21-44-1Fax: (352) 44-02-89http://www.assurances.lu/
CURRENCY: euro (EUR); Luxembourg franc (LUF)
EXCHANGE RATES: euros per U.S. dollar —1.1324 (January 2002), 1.1175 (2001), 1.0854 (2000), 0.9386 (1999); Luxembourg francs per U.S. dollar —34.77 (January 1999), 36.299 (1998),35.774 (1997)
REGULATORY BODY: Commissariat aux Assurances7 Boulevard RoyalL - 2449 LuxembourgTel: (352) 22-69-11-1Fax: (352) 22-69-11-444
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $5,620 (U.S. $ millions)Nonlife premiums: 775Life premiums: 4,845
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
www.iii.org or www.insurance.info I.I.I. International Insurance Fact Book 2003 61
POPULATION:448,569 (est. July 2002)
GDP:$19.2 billion (est. 2001)
Luxembourg
LEADING NONLIFE INSURANCE COMPANIES, 2000
Written premiums*
Company LUF Mn USD Mn
Le Foyer Assurances 6,975.1 159.7
La Luxembourgeoise 4,504.2 103.1
AXA 2,141.5 49.0
Zurich 1,409.0 32.3
Baloise 882.2 20.2
Fortis Assurances 582.0 13.3
AGF Assurances 440.3 10.1
DKV 372.5 8.5
P+V Assurances 313.6 7.2
Winterthur 293.8 6.7*Gross written premiums, including healthcare.
LEADING LIFE INSURANCE COMPANIES, 2000
Gross written premiums
Company LUF Mn USD Mn
Swiss Life 2,393.2 54.8
Sogelife 1,879.5 43.0
La Foyer Vie 1,815.4 41.6
La Luxem-bougeoise-Vie 1,724.5 39.5
AGF Luxembourg 863.8 19.8
Fortis Luxembourg Vie 788.2 18.0
AXA Assurances Vie 723.4 16.6
Baloise-Vie 416.8 9.5
GeneraLife 348.4 8.0
A.M.E. Life Luxembourg 332.3 7.6
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 61
Malaysia
LEADING NONLIFE INSURANCE COMPANIES, 2000
Written premiums*
Company MYR Mn USD Mn
Kurnia 684.2 180.1
MBA 310.6 81.7
Hong Leong 282.1 74.2
MAA 269.5 70.9
MNI 268.7 70.7
Sea 242.0 63.7
CGU 228.3 60.1
American Home 211.2 55.6
People's 154.4 40.6
Jerneh 152.6 40.2*Written premiums net of returns and localreinsurance.
LEADING LIFE INSURANCE COMPANIES, 2000
Gross written premiums
Company MYR Mn USD Mn
Great Eastern 2,128.0 560.0
AIA 1,303.8 343.1
Prudential 724.7 190.7
Aetna Universal 720.9 189.7
MAA 491.7 129.4
OAC 465.5 122.5
Hong Leong 346.8 91.3
Asia Life 250.8 66.0
John Hancock 209.6 55.2
MNI 186.3 49.0
ASSOCIATION: General Insurance Association ofMalaysia
3rd Floor, Wisma PIAM150, Jalan Tun Sambathan50782 Kuala Lumpur, MalaysiaTel: (60) 3-2274-7399Fax: (60) 3-2274-5910http://www.piam.org.my/
CURRENCY: ringgit (MYR)
EXCHANGE RATES: ringgits per U.S. dollar —3.8000 (January 2002), 3.8000 (2001), 3.8000 (2000), 3.8000 (1999), 3.9244 (1998), 2.8133 (1997)
REGULATORY BODY: Insurance Regulation Department Central Bank of Malaysia15th Floor, Block A, Bank Negara
MalaysiaPO Box 10922, Jalan Dato’Onn50929 Kuala Lumpur, MalaysiaTel: (60) 3-2691-6108Fax: (60) 3-2694-5986
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $4,718 (U.S. $ millions)Nonlife premiums: 1,636Life premiums: 3,082
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
62 I.I.I. International Insurance Fact Book 2003
POPULATION:22,662,365 (est. July 2002)
GDP:$200 billion (est. 2001)
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 62
ASSOCIATION: Malta Insurance Association43a/2 St Paul’s BuildingsWest StreetValletta VLT 12, MaltaTel: (356) 21-23-26-40Fax: (356) 21-24-83-88
CURRENCY: Maltese lira (MTL)
EXCHANGE RATES: Maltese liri per U.S. dollar —0.4542 (January 2002), 0.4499 (2001), 0.4376 (2000), 0.3994 (1999), 0.3885 (1998), 0.3857 (1997)
REGULATORY BODY: Malta Financial Services CentreAttard, MaltaTel: (356) 44-11-55Fax: (356) 44-11-88
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $154 (U.S. $ millions)Nonlife premiums: 82Life premiums: 72
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
www.iii.org or www.insurance.info I.I.I. International Insurance Fact Book 2003 63
POPULATION:397,499 (est. July 2002)
GDP:$5.95 billion (est. 2001)
Malta
LEADING NONLIFE INSURANCE COMPANIES
Data not available.
LEADING LIFE INSURANCE COMPANIES
Data not available.
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 63
Mauritius
LEADING NONLIFE INSURANCE COMPANIES, 2001
Written premiums*
Company MUR Mn USD Mn
Sicom 931.8 38.8
British American 856.5 35.7
Anglo Mauritius 777.4 32.4
LIC 176.7 7.4
Mauritius Union 153.5 6.4
Albatross 105.7 4.4
La Prudence 83.3 3.5
Island Life 53.7 2.2
Sun 40.1 1.7
Mauritian Eagle 32.0 1.3*Gross written premiums.
LEADING LIFE INSURANCE COMPANIES, 2001
Gross written premiums
Company MUR Mn USD Mn
Sicom 931.8 38.8
BAI 856.5 35.7
Anglo Mauritius 777.4 32.4
LIC 176.7 7.4
Mauritius Union 153.5 6.4
Albatross 105.7 4.4
La Prudence 83.3 3.5
Island Life 53.7 2.2
Sun 40.1 1.7
Mauritian Eagle 32.0 1.3
ASSOCIATION: Insurers’ Association of Mauritiusc/o Mauritius Employers’ FederationCerne House13 La ChausseePort Louis, MauritiusTel: (230) 212-4298Fax: (230) 212-6725
CURRENCY: Mauritian rupee (MUR)
EXCHANGE RATES: Mauritian rupees per U.S. dollar —30.345 (January 2002), 29.129 (2001), 26.250 (2000), 25.186 (1999), 22.993 (1998), 21.057 (1997)
REGULATORY BODY: Insurance DivisionMinistry of Economic Development,
Financial Services & CorporateAffairs
7 Leoville L’Homme StreetPort Louis, MauritiusTel: (230) 212-5946Fax: (230) 212-2614
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $183 (U.S. $ millions)Nonlife premiums: 71Life premiums: 112
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
64 I.I.I. International Insurance Fact Book 2003
POPULATION:1,200,206 (est. July 2002)
GDP:$12.9 billion (est. 2001)
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 64
ASSOCIATION: Mexican Association of InsuranceInstitutions
Francisco, Madero 21Colonia Tlacopac San Angel01040 Mexico, D.F., MexicoTel: (52) 5-662-61-61Fax: (52) 5-662-80-36http://www.amis.com.mx
CURRENCY: Mexican peso (MXN)
EXCHANGE RATES: Mexican pesos per U.S. dollar —9.1614 (January 2002), 9.3423 (2001),9.4556 (2000), 9.5604 (1999), 9.1360 (1998), 7.9185 (1997)
REGULATORY BODY: Comision Nacional de Seguros yFianzas
Av. Insurgentes Sur No. 1971 Torre Norte 2, Piso 1Colonia Guadalupe Inn01020 Mexico, D.F., MexicoTel: (52) 5-724-7495Fax: (52) 5-661-5301
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $11,176 (U.S. $ millions)Nonlife premiums: 5,893Life premiums: 5,283
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
www.iii.org or www.insurance.info I.I.I. International Insurance Fact Book 2003 65
POPULATION:103,400,165 (est. July 2002)
GDP:$920 billion (est. 2001)
Mexico
LEADING NONLIFE INSURANCE COMPANIES, 2000
Written premiums*
Company MXN Mn USD Mn
Comercial America 12,234.2 1,293.9
GNP 6,391.7 676.0
Inbursa 2,794.3 295.5
Tepeyac 1,968.0 208.1
Aba Seguros 1,515.7 160.3
Zurich 1,333.3 141.0
Bancomer 1,201.7 127.1
Allianz Mexico 954.3 100.9
AIG Mexico 880.7 93.1
Atlas 848.4 89.7*Gross written premiums, including personal accident. Figures adjusted for inflation, as required bylaw.
LEADING LIFE INSURANCE COMPANIES, 2001
Gross written premiums
Company MXN Mn USD Mn
Hidalgo 10,317.1 1,104.6
GNP 6,789.7 726.9
Comercial America 3,561.9 381.4
Monterrey New York Life 2,700.1 289.1
Genesis 2,466.8 264.1
Inbursa 2,321.2 248.5
Principal 1,314.3 140.7
Banamex Aegon 1,282.0 137.3
Bancomer 877.9 94.0
Interacciones 874.2 93.6
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 65
Morocco
LEADING NONLIFE INSURANCE COMPANIES, 1998
Written premiums*
Company MDH Mn USD Mn
Al Wataniya 1,161.7 121.0
Wafa Assurances 1,107.8 115.3
CAA 961.7 100.1
AXA Al Amane 876.3 91.2
CNIA 836.2 87.1
RMA 702.2 73.1
Atlanta 606.8 63.2
Sanad 455.0 47.4
Es Saada 433.0 45.1
CAT 403.5 42.0*Gross written premiums.
LEADING LIFE INSURANCE COMPANIES
Data not available.
ASSOCIATION: Fédération Marocaine des Sociétésd’Assurances et de Réassurances
154, Boulevard d’AnfaCasablanca, MoroccoTel: (212) 02-391-850Fax: (212) 02-391-854
ASSOCIATION: General Arab Insurance Federation8, Kaser El Nil StreetPO Box 611Cairo, 11511, EgyptTel: (20) 2-574-3177Fax: (20) 2-576-2310http://www.gaif.org/
CURRENCY: Moroccan dirham (MDH)
EXCHANGE RATES: Moroccan dirhams per U.S. dollar —11.584 (January 2002), 11.303 (2001), 10.626 (2000), 9.804 (1999),9.604 (1998), 9.527 (1997)
REGULATORY BODY: Ministere de l’economie et desfinances
Direction des assurances et de la prevoyance sociale
Avenue Mohammed V-Quartieradministratif
Rabat Chellah, MoroccoTel: (212) 37-762-427
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $955 (U.S. $ millions)Nonlife premiums: 681Life premiums: 275
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
66 I.I.I. International Insurance Fact Book 2003
POPULATION:31,167,783 (est. July 2002)
GDP:$112 billion (est. 2001)
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 66
ASSOCIATION: Insurance Company AssociationBordewijklaan 22591 XR Den Haag, NetherlandsTel: (31) 70-333-8500Fax: (31) 70-333-8510http://www.verzekeraars.nl
CURRENCY: euro (EUR); Netherlands guilder(NLG)
EXCHANGE RATES: euros per U.S. dollar —1.1324 (January 2002), 1.1175 (2001), 1.0854 (2000), 0.9386 (1999);Netherlands guilders per U.S.dollar —1.9837 (1998), 1.9513 (1997)
REGULATORY BODY: Sociaal-Economische RaadBezuidenhoutseweg 60Postbus 904052509 LK The Hague, NetherlandsTel: (31) 70-349-9499Fax: (31) 70-383-2535
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $37,209 (U.S. $ millions)Nonlife premiums: 15,675Life premiums: 21,534
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
www.iii.org or www.insurance.info I.I.I. International Insurance Fact Book 2003 67
POPULATION:16,067,754 (est. July 2002)
GDP:$413 billion (est. 2001)
Netherlands
LEADING NONLIFE INSURANCE COMPANIES, 2000
Written premiums*
Company NLG Mn USD Mn
Achema 4,281.6 1,791.5
Nationale-Nederlanden 2,439.2 1,020.6
Interpolis 1,886.5 789.3
Delta Lloyd 1,297.9 543.1
AEGON 1,185.9 496.2
AMEV 1,122.5 469.7
VGZ Zorgverzekeraar 939.5 393.1
Royal Nederlanden 801.7 335.5
Delta Lloyd Zorg 801.6 335.4
NCM (Nederlanden) 789.3 330.3*Gross written premiums.
LEADING LIFE INSURANCE COMPANIES, 2000
Gross written premiums
Company NLG Mn USD Mn
Nationale-Nederlanden Leven 10,768.5 4,505.7
Aegon Leven 5,907.2 2,471.6
Interpolis BTL 4,134.1 1,729.7
Centraal Beheer Pensioen 3,217.4 1,346.2
Delta Lloyd Leven 2,909.8 1,217.5
Amev Leven 2,379.3 995.5
Zwitserleven 2,020.1 845.2
Stad Rotterdam Leven 1,784.6 746.7
ABN Amro Leven 1,737.0 726.8
AXA Leven 1,518.8 635.5
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 67
New Zealand
LEADING NONLIFE INSURANCE COMPANIES, 2000
Written premiums*
Company NZD Mn USD Mn
State Insurance 388.3 177.3
NZI 330.2 150.8
Royal & SunAlliance 239.2 109.2
AMI 158.0 72.2
HIH 147.2 67.2
Lumley General 138.6 63.3
Tower 119.8 54.7
American Home 88.8 40.6
AMP General 81.4 37.2
Allianz (NZ) 67.0 30.6*Gross written premiums.
LEADING LIFE INSURANCE COMPANIES, 2000
Gross written premiums
Company NZD Thou USD Thou
Soveriegn Group 449,381.0 205,196.8
AXA 221,571.0 101,174.0
AMP 194,580.0 88,849.3
Royal & SunAlliance 122,492.0 55,932.4
Tower Health 52,806.0 24,112.3
Fidelity 45,200.0 20,639.3
Tower 42,262.0 19,297.7
Westpac Trust 31,275.0 14,280.8
NPF 29,195.0 13,331.1
BNZ 24,203.0 11,051.6
ASSOCIATION: Insurance Council of New ZealandInc.
Guardian Assurance House111-115 Customhouse QuayPO Box 474Wellington, New ZealandTel: (64) 4-472-5230Fax: (64) 4-473-3011http://www.icnz.org.nz
CURRENCY: New Zealand dollar (NZD)
EXCHANGE RATES: New Zealand dollars per U.S. dollar —2.3535 (January 2002), 2.3776 (2001), 2.1863 (2000), 1.8886 (1999), 1.8632 (1998), 1.5083 (1997)
REGULATORY BODY: Operations BranchMinistry of Economic DevelopmentPO Box 10843Level 11, 33 Bowen StreetWellington, New ZealandTel: (64) 4-470-2501Fax: (64) 4-471-1534
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $2,810 (U.S. $ millions)Nonlife premiums: 2,048Life premiums: 763
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
68 I.I.I. International Insurance Fact Book 2003
POPULATION:3,908,037 (est. July 2002)
GDP:$75.4 billion (est. 2001)
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 68
ASSOCIATION: Nigeria Insurers Association (NIA)42 Saka Tinubu StreetVictoria IslandPO Box 9551Lagos, NigeriaTel: (234) 1-616-371Fax: (234) 1-263-1460
CURRENCY: naira (NGN)
EXCHANGE RATES: nairas per U.S. dollar —115 (January 2002), 101.697 (2000), 92.338 (1999), 21.886 (1998),21.886 (1997)
REGULATORY BODY: Federal Ministry of Trade & TourismAlagbon Close, Ikoyi; P.M.B. 88Lagos, NigeriaTel: (234) 1-225-7779
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $270 (U.S. $ millions)Nonlife premiums: 216Life premiums: 54
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
www.iii.org or www.insurance.info I.I.I. International Insurance Fact Book 2003 69
POPULATION:129,934,911 (est. July 2002)
GDP:$105.9 billion (est. 2001)
Nigeria
LEADING NONLIFE INSURANCE COMPANIES, 1999
Written premiums*
Company NGN Mn USD Mn
NICON InsuranceCorporation 4,784.0 51.8
A&G Insurance 1,100.5 11.9
UNIC Insurance 1,018.9 11.0
Leadway Insurance 1,011.9 11.0
Industrial & General 905.4 9.8
The Lion of Africa 569.4 6.2
Aiico Insurance 517.8 5.6
Goldlink Insurance 499.9 5.4
Royal Exchange 476.5 5.2
Unitrust Insurance 417.2 4.5*Gross written premiums.
LEADING LIFE INSURANCE COMPANIES, 1999
Gross written premiums
Company NGN Mn USD Mn
NICON Insurance Corporation 1,456.8 15.8
Industrial & General 1,028.3 11.1
Aiico Insurance 947.0 10.3
Crusader Insurance 444.3 4.8
African Alliance 251.9 2.7
Niger Insurance 230.3 2.5
Great Nigeria Insurance 116.9 1.3
Royal Exchange Assurance 80.5 0.9
Elmac Insurance 49.2 0.5
Amicable Insurance 48.6 0.5
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 69
Norway
LEADING NONLIFE INSURANCE COMPANIES, 2000
Written premiums*
Company NOK Mn USD Mn
Gjensidige NOR 7,686.0 873.2
Vesta 4,366.0 496.0
Sparebanken 1 2,700.0 306.8*Gross written premiums.
LEADING LIFE INSURANCE COMPANIES, 2000
Gross written premiums
Company NOK Mn USD Mn
Storebrand 6,990.4 794.2
KLP 6,931.2 787.5
Vital 4,132.7 469.5
Gjensidige NORSpare 3,868.3 439.5
Gjensidige NORFors 1,132.4 128.7
Vesta Liv 1,065.4 121.0
VAR 915.5 104.0
Vital Fondsforsikring 788.1 89.5
Norske Liv 700.2 79.6
Gjensidige NOR Fond 441.9 50.2
ASSOCIATION: Norwegian Financial ServicesAssociation
Hansteensgate 2Postboks 2473 SolliOslo 0202, NorwayTel: (47) 23-28-4200Fax: (47) 23-28-4201http://www.fnh.no
CURRENCY: Norwegian krone (NOK)
EXCHANGE RATES: Norwegian kroner per U.S. dollar —8.9684 (January 2002), 8.9917 (2001), 8.8018 (2000), 7.7992 (1999), 7.5451 (1998), 7.0734 (1997)
REGULATORY BODY: KredittilsynetThe Banking, Insurance and
Securities Commission ofNorway
Ostensjovn. 43; PO Box 100 BrynN-0611 Oslo, NorwayTel: (47) 22-93-9800Fax: (47) 22-63-0226
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $8,008 (U.S. $ millions)Nonlife premiums: 4,098Life premiums: 3,910
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
70 I.I.I. International Insurance Fact Book 2003
POPULATION:4,525,116 (est. July 2002)
GDP:$138.7 billion (est. 2001)
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 70
ASSOCIATION: General Arab Insurance Federation8, Kaser El Nil StreetPO Box 611Cairo, 11511, EgyptTel: (20) 2-574-3177Fax: (20) 2-576-2310http://www.gaif.org/
CURRENCY: Omani rial (OMR)
EXCHANGE RATES: Omani rials per U.S. dollar —0.3845 (fixed rate since 1986)
REGULATORY BODY: Ministry of Commerce & IndustryGeneral Director of CommerceInsurance DepartmentPO Box 550113 Muscat, OmanTel: (968) 774-129Fax: (968) 771-2030
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $201 (U.S. $ millions)Nonlife premiums: 166Life premiums: 35
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
www.iii.org or www.insurance.info I.I.I. International Insurance Fact Book 2003 71
POPULATION:2,713,462 (est. July 2002)
GDP:$21.5 billion (est. 2001)
Oman
LEADING NONLIFE INSURANCE COMPANIES, 1999
Written premiums*
Company OMR Mn USD Mn
Oman National 22.4 58.2
Muscat 2.7 7.1*Gross written premiums.
LEADING LIFE INSURANCE COMPANIES, 1999
Gross written premiums
Company OMR Mn USD Mn
National Life 7.0 18.3
Muscat Life 2.1 5.5
Dhofar Insurance 0.9 2.4
Al Ahlia Insurance 0.8 1.9
Oman United 0.7 1.8
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 71
Pakistan
LEADING NONLIFE INSURANCE COMPANIES, 2001
Written premiums*
Company PKR Mn USD Mn
Adamjee 3,375.5 55.1
EFU 2,062.5 33.6
New Jubilee 775.2 12.6
Premier 326.6 5.3
CGU 315.9 5.2
New Hampshire 297.0 4.8
Habib 242.1 3.9
Universal 228.6 3.7
Askari 220.1 3.6
IGI 217.0 3.5*Gross written premiums.
LEADING LIFE INSURANCE COMPANIES, 2001
Gross written premiums
Company PKR Mn USD Mn
State Life 6,944.7 113.3
EFU Life 570.3 9.3
Commercial Union 363.3 5.9
ALICO 149.5 2.4
Metropolitan Life 40.0 0.7
ASSOCIATION: Insurance Association of PakistanJamshed Katrak ChambersG Allana RoadPO Box 4932Karachi 74000, PakistanTel: (92) 21-231-1782Fax: (92) 21-231-0798
CURRENCY: Pakistani rupee (PKR)
EXCHANGE RATES: Pakistani rupees per U.S. dollar —60.719 (January 2002), 61.927 (2001), 53.648 (2000), 49.118 (1999), 44.943 (1998), 40.918 (1997)
REGULATORY BODY: Department of Insurance, Head Office11th Floor, State Life Building 5, Blue
AreaIslamabad, PakistanTel: (92) 51-920-8887Fax: (92) 51-920-8955
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $382 (U.S. $ millions)Nonlife premiums: 214Life premiums: 168
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
72 I.I.I. International Insurance Fact Book 2003
POPULATION:147,663,429 (est. July 2002)
GDP:$299 billion (est. 2001)
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 72
ASSOCIATION: Panamanian Insurance AssociationApartado Postal 7465Calle Venezuela 46-113, Panama 5Tel: (507) 225-4445Fax: (507) 225-8259
CURRENCY: balboa (PAB); US dollar (USD)
EXCHANGE RATES: balboas per U.S. dollar —1.000 (fixed rate)
REGULATORY BODY: Ministerio de Comercio e Industrias Superintendencia de Seguros y
ReasegurosApartado 832-1683World Trade CenterPanama, PanamaTel: (507) 214-7484Fax: (507) 214-7482
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $360 (U.S. $ millions)Nonlife premiums: 246Life premiums: 114
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
www.iii.org or www.insurance.info I.I.I. International Insurance Fact Book 2003 73
POPULATION:2,882,329 (est. July 2002)
GDP:$16.9 billion (est. 2001)
Panama
LEADING NONLIFE INSURANCE COMPANIES, 2001
Written premiums*
Company USD Mn
ASSA 44.9
Compania Internacional 37.6
Compania Nacional 35.0
Aseguradora Mundial 19.7
Assicurazioni Generali 11.0
National Union Fire 10.8
Aseguradora Ancon 9.6
Compania Interoceanica 9.5
Aseguradora Comercial 5.0
Aseguradora del Atlantico 4.2*Gross written premiums.
LEADING LIFE INSURANCE COMPANIES, 2001
Gross written premiums
Company USD Mn
Aseguradora Mundial 33.5
Compania Internacional 27.0
ASSA 25.2
American Life 23.1
Compania Nacional 11.7
Pan American 11.2
Assicurazioni Generali 8.4
Pan American Life 5.8
Compania Istema 5.4
British American 4.0
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 73
Peru
LEADING NONLIFE INSURANCE COMPANIES, 2001
Written premiums*
Company PEN Mn USD Mn
El Pacifico Peruano Suiza 423.8 120.7
Rimac International 297.6 84.8
Weise Aetna 103.4 29.5
La Positiva 99.8 28.4
Generali Peru 95.9 27.3
Royal & SunAlliance 95.1 27.1
Mapfre Peru 86.9 24.8
Sul America 56.6 16.1
Mapfre Peru Vida 34.9 9.9
El Pacifico Vida 8.4 2.4*Gross written premiums, including compositecompanies. Includes personal accident and workerscompensation.
LEADING LIFE INSURANCE COMPANIES, 2001
Gross written premiums
Company PEN Mn USD Mn
El Pacifico Vida 206.2 61.0
Weise Aetna Vida 140.1 41.5
Rimac International 121.5 35.9
Interseguro 64.5 19.1
La Positiva 60.8 18.0
Mapfre Peru Vida 34.8 10.3
Royal & SunAlliance Vida 19.4 5.7
Generali Peru 15.5 4.6
Atlas Cumbres 12.1 3.6
Santander Vida 7.6 2.2
ASSOCIATION: Insurance Companies’ Association ofPeru
Arias Araguez 146Miraflores, Aptdo 1684Lima, PeruTel: (51) 1-444-2294Fax: (51) 1-446-8538
CURRENCY: nuevo sol (PEN)
EXCHANGE RATES: nuevo sol per U.S. dollar —3.4400 (November 2001), 3.509 (2001), 3.4900 (2000), 3.3833 (1999), 2.9300 (1998), 2.6642 (1997)
REGULATORY BODY: Superintendencia de Banca y Seguros Los Laureles 214, San IsidroLima 27, PeruTel: (51) 1-221-8990Fax: (51) 1-441-7760
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $571 (U.S. $ millions)Nonlife premiums: 363Life premiums: 208
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
74 I.I.I. International Insurance Fact Book 2003
POPULATION:27,949,639 (est. July 2002)
GDP:$132 billion (est. 2001)
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 74
ASSOCIATION: Insurance & Surety Association of the Philippines
Regina BuildingEscoltaManila, PhilippinesTel: (63) 2-241-5847Fax: (63) 2-241-6587
CURRENCY: Philippine peso (PHP)
EXCHANGE RATES: Philippine pesos per U.S. dollar —51.201 (January 2002), 50.993 (2001), 44.192 (2000), 39.089 (1999), 40.893 (1998), 29.471 (1997)
REGULATORY BODY: Insurance Commission, Departmentof Finance
Insurance Commission Building1071 United Nations AvenuePO Box 3589Manila, PhilippinesTel: (63) 2-525-2015Fax: (63) 2-522-1434
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $906 (U.S. $ millions)Nonlife premiums: 414Life premiums: 493
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
www.iii.org or www.insurance.info I.I.I. International Insurance Fact Book 2003 75
POPULATION:84,525,639 (est. July 2002)
GDP:$335 billion (est. 2001)
Philippines
LEADING NONLIFE INSURANCE COMPANIES, 2000
Written premiums*
Company PHP Mn USD Mn
Malayan Ins. 1,647.5 42.1
Prudential Gtee. 1,574.5 40.3
FGU Ins. 979.2 25.0
PHILAM Ins. 835.1 21.4
Federal Phoenix 798.0 20.4
Standard 773.9 19.8
Pioneer Ins. 669.1 17.1
Phil. Charter 632.5 16.2
UCPB Gen. 604.3 15.5
CGU Int'l. 532.8 13.6*Gross written premiums.
LEADING LIFE INSURANCE COMPANIES, 2000
Gross written premiums
Company PHP Mn USD Mn
Philam Life & Gen. 7,126.8 161.3
Sun Life 5,112.4 115.7
Insular Life 4,342.5 98.3
Manulife 1,302.0 29.5
Prumerica Life 1,281.0 29.0
Ayala Life 1,204.3 27.3
Unicoco Life 945.2 21.4
Great Pacific Life 843.7 19.1
Phil. Axa Life 564.2 12.8
CMG Life 489.3 11.1
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 75
Poland
LEADING NONLIFE INSURANCE COMPANIES, 2001
Written premiums*
Company PLN Mn USD Mn
PZU 7,522.6 1,839.3
Warta 1,705.1 416.9
Ergo Hestia 728.3 178.1
Allianz Polska 503.7 123.2
Samopomoc 312.2 76.3
Polonia 309.1 75.6
Daewoo 288.4 70.5
Nordea 240.3 58.7
Compensa 178.6 43.7
Filar 169.2 41.4*Gross written premiums.
LEADING LIFE INSURANCE COMPANIES, 2001
Gross written premiums
Company PLN Mn USD Mn
PZU Zycie 4,711.7 1,152.0
Commercial Union 1,744.6 426.6
Amplico Life 964.4 235.8
ING Nationale Nederlanden 950.9 232.5
Allianz Polska Zycie 141.8 34.7
Winterthur Zycie 113.3 27.7
Zurich NA Zycie 109.2 26.7
Ergo Hestia Zycie 88.1 21.5
Warta Vita 78.1 19.1
Gerling Polska Zycie 49.5 12.1
ASSOCIATION: Polish Chamber of InsurancePalace of Culture and Science, 11th
Floor1 Defilad Sq.00-901 Warsaw, PolandTel: (48) 22-656-79-88Fax: (48) 22-656-67-90http://www.punu.gov.pl/piu_eng.html
CURRENCY: zloty (PLN)
EXCHANGE RATES: zlotych per U.S. dollar —4.0144 (December 2001), 4.0939 (2001), 4.3461 (2000), 3.9671 (1999), 3.4754 (1998), 3.2793 (1997)
REGULATORY BODY: Ministry of Finance Financial Institution DepartmentSwietokrzyska 1209-916 Warsaw, PolandTel: (48) 22-694-3338Fax: (48) 22-694-3950
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $5,410 (U.S. $ millions)Nonlife premiums: 3,529Life premiums: 1,882
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
76 I.I.I. International Insurance Fact Book 2003
POPULATION:38,625,478 (est. July 2002)
GDP:$339.6 billion (est. 2001)
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 76
ASSOCIATION: Portuguese Insurers AssociationRua Rodrigo da Fonseca 411250-190 Lisbon, PortugalTel: (351) 21-384-8100Fax: (351) 21-383-1422http://www.apseguradores.pt
CURRENCY: euro (EUR); Portuguese escudo (ESC)
EXCHANGE RATES: euros per U.S. dollar —1.1324 (January 2002), 1.1175 (2001), 1.0854 (2000), 0.9386 (1999); Portuguese escudos per U.S. dollar —180.10 (1998), 175.31 (1997)
REGULATORY BODY: Instituto de Seguros de PortugalAv. de Berna 191050-037 Lisbon, PortugalTel: (351) 21-790-3100Fax: (351) 21-793-8568
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $5,907 (U.S. $ millions)Nonlife premiums: 2,869Life premiums: 3,039
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
www.iii.org or www.insurance.info I.I.I. International Insurance Fact Book 2003 77
POPULATION:10,084,245 (est. July 2002)
GDP:$174.1 billion (est. 2001)
Portugal
LEADING NONLIFE INSURANCE COMPANIES, 2000
Written premiums*
Company ESC Bn USD Mn
Fidelidade 73.8 340.1
Imperio 64.7 298.0
Tranquilidade 63.3 291.8
Axa Portugal Seguros 61.9 285.4
Mundial Confianca 61.5 283.4
Bonanca 58.7 270.6
Allianz Portugal 48.1 221.9
Zurich 32.3 148.8
Ocidental Seguros 25.9 119.1
Europeia 19.7 90.7*Provisional gross written premiums.
LEADING LIFE INSURANCE COMPANIES, 2001
Gross written premiums
Company ESC Bn USD Mn
Occidental Vida 273.8 1,195.9
Tranquilidade Vida 163.1 712.4
Fidelidade 140.9 615.4
Santander Vida 56.1 245.0
AXA Vida 29.2 127.5
Imperio Bonanca 29.2 127.5
BPI Vida 25.2 110.1
Mundial Confianca 24.6 107.5
Acoreana 18.4 80.4
Victoria Vida 14.3 62.5
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 77
Romania
LEADING NONLIFE INSURANCE COMPANIES, 2000
Written premiums*
Company ROL Mn USD Mn
Asirom 1,504,192.2 69.3
Omniasig 717,112.9 33.0
Allianz Tiriac 679,597.0 31.3
Astra 511,607.9 23.6
Ardaf 356,140.9 16.4
Grup AS 225,477.9 10.4
Asiban 171,046.5 7.9
Anglo-Romana 170,568.6 7.9
Generali 169,664.4 7.8
Unita 154,045.8 7.1*Direct nonlife premiums.
LEADING LIFE INSURANCE COMPANIES, 2000
Gross written premiums
Company ROL Mn USD Mn
ING 602,108.0 27.7
Asirom 232,818.2 10.7
Sara Merkur 67,898.1 3.1
Unita 56,183.2 2.6
AIG Life 47,476.0 2.2
Asiban 16,740.0 0.8
Lukoil 9,902.2 0.5
Interamerican 9,418.5 0.4
Metropol 5,635.5 0.3
Omniasig Viata 5,468.3 0.3
ASSOCIATION: National Union of Insurance andReinsurance Companies ofRomania
Bd. Libertatii 12Bl. 113, Sc. 3, Ap. 68, Sector 4Bucharest, RomaniaTel: (40) 1-335-1269Fax: (40) 1-337-2243http://www.unsar.ro
CURRENCY: leu (ROL)
EXCHANGE RATES: lei per U.S. dollar —35,052.0 (January 2002), 29,060.8 (2001), 21,708.7 (2000), 15,332.8 (1999), 8,875.6 (1998), 7,167.9 (1997); note - lei is the plural form of leu
REGULATORY BODY: Insurance SupervisoryCommission - CSA
(Comisia de Supraveghere aAsigurarilor)
Str. Zossima Demarat 8Sector 3Bucharest, RomaniaTel: (40) 1-326-6210
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $344 (U.S. $ millions)Nonlife premiums: 272Life premiums: 73
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
78 I.I.I. International Insurance Fact Book 2003
POPULATION:22,317,730 (est. July 2002)
GDP:$152.7 billion (est. 2001)
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 78
ASSOCIATION: All Russia Insurance AssociationTverskaya 20Moscow 103009, RussiaTel: (7) 095-232-1225Fax: (7) 095-232-1226http://www.ins-union.ru
CURRENCY: Russian ruble (RUR)
EXCHANGE RATES: Russian rubles per U.S. dollar —30.4669 (January 2002), 29.1685 (2001), 28.1292 (2000), 24.6199 (1999), 9.7051 (1998), 5,785 (1997)
REGULATORY BODY: Department of Insurance SupervisionMinistry of Finance20, Tverskaya Street103009 Moscow, Russian FederationTel: (7) 095-209-5777Fax: (7) 095-209-5649
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $9,470 (U.S. $ millions)Nonlife premiums: 4,687Life premiums: 4,783
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
www.iii.org or www.insurance.info I.I.I. International Insurance Fact Book 2003 79
POPULATION:144,978,573 (est. July 2002)
GDP:$1.2 trillion (est. 2001)
Russia
LEADING NONLIFE INSURANCE COMPANIES, 2000
Written premiums*
Company RUR Mn USD Mn
Interros-Soglasie 4,823.4 171.5
Rosno 3,762.1 133.7
Ingosstrakh 3,490.6 124.1
Sogaz 2,249.9 80.0
LUKoil 2,085.2 74.1
Reso-Garantiya 1,757.0 62.5
Progress-Garant 1,575.5 56.0
Promeshlenno 1,451.2 51.6
Gasprommedstrakh 1,346.5 47.9
Spasskie Vorota 1,313.6 46.7*Gross written premiums, excluding compulsor yinsurance.
LEADING LIFE INSURANCE COMPANIES, 2000
Gross written premiums
Company RUR Mn USD Mn
PSK 21,236.4 755.0
Spasskie Vorota 10,394.8 369.5
Yakor 5,096.2 181.2
Rosno 4,478.3 159.2
VEStA 4,298.1 152.8
Natsionalnaya 3,002.5 106.7
Novaya 3,000.5 106.7
LKSiti 2,727.2 97.0
Ingosstrakh-Rossiya 2,672.3 95.0
Kontinent-Polis 1,721.4 61.2
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 79
Saudi Arabia
LEADING NONLIFE INSURANCE COMPANIES
Data not available.
LEADING LIFE INSURANCE COMPANIES
Data not available.
ASSOCIATION: General Arab Insurance Federation8, Kaser El Nil StreetPO Box 611Cairo, 11511, EgyptTel: (20) 2-574-3177Fax: (20) 2-576-2310http://www.gaif.org/
CURRENCY: Saudi riyal (SAR)
EXCHANGE RATES: Saudi riyals per U.S. dollar —3.7450 (fixed rate since June 1986)
REGULATORY BODY: Ministry of CommerceRiyadh, Saudi Arabia
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $992 (U.S. $ millions)Nonlife premiums: 979Life premiums: 13
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
80 I.I.I. International Insurance Fact Book 2003
POPULATION:23,513,330 (est. July 2002)
GDP:$241 billion (est. 2001)
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 80
ASSOCIATION: General Insurance Association ofSingapore
48 Amoy StreetSingapore 069874Tel: (65) 622-18-788Fax: (65) 622-72-051http://www.gia.org.sg
CURRENCY: Singapore dollar (SGD)
EXCHANGE RATES: Singapore dollars per U.S. dollar —1.8388 (January 2002), 1.7917 (2001), 1.7240 (2000), 1.6950 (1999),1.6736 (1998), 1.4848 (1997)
REGULATORY BODY: Monetary Authority of SingaporeInsurance Dept., Financial
Supervision Group10 Shenton Way, MAS BuildingSingapore 079117Tel: (65) 229-91-43Fax: (65) 229-96-94
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $4,005 (U.S. $ millions)Nonlife premiums: 1,091Life premiums: 2,914
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
www.iii.org or www.insurance.info I.I.I. International Insurance Fact Book 2003 81
POPULATION:4,452,732 (est. July 2002)
GDP:$106.3 billion (est. 2001)
Singapore
LEADING NONLIFE INSURANCE COMPANIES, 2000
Written premiums*
Company SGD Mn USD Mn
NTUC Income 173.8 101.1
American Home 110.9 64.5
ICS 101.9 59.3
China 94.0 54.6
AXA Singapore 91.3 53.1
CGU 75.7 44.0
Asia 70.2 40.8
AIA 58.0 33.7
India International 57.9 33.7
Mitsui (Asia) 56.4 32.8*Gross written premiums, including personal accident and healthcare.
LEADING LIFE INSURANCE COMPANIES, 2000
Gross written premiums
Company SGD Mn USD Mn
AIA 1,720.8 1,000.5
Great Eastern Life 1,411.5 820.6
Prudential 752.1 437.3
NTUC Income 609.2 354.2
ICS 117.5 68.3
OAC 113.4 65.9
AXA Life Singapore 91.4 53.1
John Hancock 73.6 42.8
OUB Manulife 63.6 37.0
Asia Life 59.7 34.7
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 81
Slovakia
LEADING NONLIFE INSURANCE COMPANIES, 2000
Written premiums*
Company SKK Mn USD Mn
Slovenska poistovna 9,040.4 196.4
Kooperativa poistovna 1,693.2 36.8
Allianz poistovna 1,479.1 32.1
Ceska poistovna 776.5 16.9
UNIQA poistovna 681.4 14.8
Union 554.7 12.0
Univerzalna Bankova 273.7 5.9
QBE poistovna 255.7 5.6
ERGO 251.0 5.5
Komunalna poistovna 191.4 4.2*Gross written premiums.
LEADING LIFE INSURANCE COMPANIES, 2000
Gross written premiums
Company SKK Mn USD Mn
Slovenska poistovna 4,130.5 89.7
AMSLICO AIG Life 2,141.5 46.5
ING Nationale Nederlanden 1,643.0 35.7
Kooperativa poistovna 813.2 17.7
KONTINUITA 543.8 11.8
Allianz poistovna 541.6 11.8
ERGO 403.8 8.8
QBE poistovna 336.3 7.3
Prva Ceska - Slovenska 192.8 4.2
UNIQA poistovna 167.8 3.6
ASSOCIATION: Slovak Insurance AssociationDrienova 34, PO Box 51820 09 Bratislava 29, SlovakiaTel: (421) 2-4342-9985Fax: (421) 2-4342-9984http://www.slaspo.sk
CURRENCY: Slovak koruna (SKK)
EXCHANGE RATES: koruny per U.S. dollar —47.792 (September 2001), 46.035 (2000), 41.363 (1999), 35.233 (1998), 33.616 (1997)
REGULATORY BODY: Financial Market AuthorityInsurance SectionRadlinskeho ul., PO Box 3781318 Bratislava 1, SlovakiaTel: (421) 2-5726-2700Fax: (421) 2-5726-2703
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $659 (U.S. $ millions)Nonlife premiums: 372Life premiums: 287
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
82 I.I.I. International Insurance Fact Book 2003
POPULATION:5,422,366 (est. July 2002)
GDP:$62 billion (est. 2001)
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 82
ASSOCIATION: Slovenian Insurance AssociationPO Box 2512Zelezna cesta 141001 Ljubljana, SloveniaTel: (386) 1-473-5699Fax: (386) 1-473-5692http://www.zav-zdruzenje.si
CURRENCY: tolar (SIT)
EXCHANGE RATES: tolars per U.S. dollar —251.40 (January 2002), 242.75 (2001), 222.66 (2000), 181.77 (1999), 166.13 (1998), 159.69 (1997)
REGULATORY BODY: Insurance Supervision AgencyTrg republike 3Ljubljana, SloveniaTel: (386) 1-476-3400Fax: (386) 1-476-3417
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $948 (U.S. $ millions)Nonlife premiums: 745Life premiums: 203
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
POPULATION:
1,932,917 (est. July 2002)
GDP:$31 billion (est. 2001)
Slovenia
LEADING NONLIFE INSURANCE COMPANIES, 2001
Written premiums*
Company SIT Mn USD Mn
Triglav 72,746.0 299.7
Health Insurance Mutual 47,878.0 197.2
Maribor 20,657.0 85.1
Adriatic 20,375.0 83.9
Slovenica 8,795.0 36.2
Tilia 5,463.0 22.5
Generali 1,784.0 7.3
Grawe 941.0 3.9
Merkur 878.0 3.6
Slovene ExportCorporation 840.0 3.5*Gross written premiums.
LEADING LIFE INSURANCE COMPANIES, 2001
Gross written premiums
Company SIT Mn USD Mn
Triglav 21,339.0 87.9
Maribor 9,085.0 37.4
Merkur 4,620.0 19.0
Grawe 2,645.0 10.9
Adriatic 1,550.0 6.4
Slovenica 1,492.0 6.1
Generali 1,025.0 4.2
Tilia 606.0 2.5
Krekova 88.0 0.4
Concordia 12.0 0.0
www.iii.org or www.insurance.info I.I.I. International Insurance Fact Book 2003 83
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 83
South Africa
LEADING NONLIFE INSURANCE COMPANIES, 2000
Written premiums*
Company SAR Mn USD Mn
Santam 4,028.6 580.5
Mutual & Federal 2,602.6 375.0
S A Eagle 1,384.1 199.4
CGU 954.7 137.6
Hollard 852.1 122.8
Sanlam Health 668.2 96.3
ABSA 461.8 66.5
Guardrisk 436.9 62.9
Rand Mutual 340.5 49.1
Escap 338.5 48.8*Net written premiums.
LEADING LIFE INSURANCE COMPANIES, 2000
Gross written premiums
Company SAR Mn USD Mn
Old Mutual 28,609.2 4,122.5
Sanlam 23,545.3 3,392.8
Momentum Group 14,525.2 2,093.0
Investment Solutions 13,482.8 1,942.8
Liberty Group 11,644.3 1,677.9
PSG Life 9,280.5 1,337.3
Fedsure Life 8,289.4 1,194.5
Metropolitan 5,826.8 839.6
Investec 5,283.1 761.3
Boe Life 5,051.7 727.9
ASSOCIATION: South African Insurance AssociationJCC House, 3rd Floor27 Owl Street, Milpark 2029PO Box 30619Braamfontein 2017, South AfricaTel: (27) 11- 726-5381Fax: (27) 11-726-5352http://www.sainsurance.co.za
CURRENCY: rand (SAR)
EXCHANGE RATES: rand per U.S. dollar —11.58786 (January 2002), 8.60918 (2001), 6.93983 (2000), 6.10948 (1999), 5.52828 (1998), 4.60796 (1997)
REGULATORY BODY: Registrar — Financial Services BoardPO Box 35655; 446 Rigel AvenueSouth Erasmusrand 0181Menlo Park 0102, South AfricaTel: (27) 12-428-8081Fax: (27) 12-347-0219
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $20,297 (U.S. $ millions)Nonlife premiums: 3,145Life premiums: 17,152
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
84 I.I.I. International Insurance Fact Book 2003
POPULATION:43,647,658 (est. July 2002)
GDP:$412 billion (est. 2001)
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 84
ASSOCIATION: Korea Insurance DevelopmentInstitute
35-4 Yoido-dongYoungdeungpo-guSeoul, South KoreaTel: (82) 2-368-4230Fax: (82) 2-368-4044http://www.kidi.or.kr
CURRENCY: South Korean won (WON)
EXCHANGE RATES: South Korean won per U.S. dollar —1,317.01 (January 2002),1,290.99 (2001), 1,130.96 (2000), 1,188.82 (1999), 1,401.44 (1998), 951.29 (1997)
REGULATORY BODY: Financial Supervisory Service27 Yoido-dongYoungdeungpo-GuSeoul, Korea 150-743Tel: (82) 2-3771-5394Fax: (82) 2-725-5723
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $50,537 (U.S. $ millions)Nonlife premiums: 14,145Life premiums: 36,392
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
www.iii.org or www.insurance.info I.I.I. International Insurance Fact Book 2003 85
POPULATION:48.324 million (est. July 2002)
GDP:$865 billion (est. 2001)
South Korea
LEADING NONLIFE INSURANCE COMPANIES, 2001
Written premiums*
Company WON Bn USD Mn
Samsung 5,269.9 4,082.1
Hyundai 2,592.4 2,008.1
Dongbu 2,415.4 1,871.0
LG 2,316.5 1,794.3
Oriental 1,513.3 1,172.2
First 776.3 601.3
Shindongah 719.2 557.1
Ssangyong 718.3 556.4
Seoul Guarantee 665.0 515.1
Daehan 474.3 367.4*Gross written premiums, year ending March 31,2002.
LEADING LIFE INSURANCE COMPANIES, 2001
Gross written premiums
Company WON Bn USD Mn
Samsung Life 18,815.3 14,574.3
Korea Life 9,391.3 7,274.5
Kyobo Life 8,730.2 6,762.4
Allianz 1,982.9 1,535.9
Hungkuk Life 1,318.7 1,021.5
SK Life 1,292.2 1,001.0
Tong Yang Life 1,191.1 922.7
Kumho Life 992.8 769.0
Shinhan Life 847.2 656.2
ING 651.8 504.8
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 85
Spain
LEADING NONLIFE INSURANCE COMPANIES, 2001
Written premiums*
Company PTA Bn USD Mn
MAPFRE Mutualidad 254.6 1,369.0
Allianz 202.4 1,088.8
AXA Aurora Iberica 155.5 836.1
Zurich Espana 143.3 770.6
Winterthur 128.4 690.4
Mutua Madrilena Automovilista 96.3 518.0
Estrella 93.9 504.9
Catalana Occidente 93.6 503.6
Adeslas 90.0 483.8
Santa Lucia 88.7 477.0*Gross written premiums.
LEADING LIFE INSURANCE COMPANIES, 2001
Gross written premiums
Company PTA Bn USD Mn
MAPFRE Vida 427.9 2,301.0
Vida Caixa 326.9 1,758.3
SCH Seguros 285.8 1,536.9
BBVA Seguros 278.6 1,498.5
Aseval 211.0 1,134.6
Bansabadell Vida 197.7 1,063.2
Ascat-Vida 138.7 746.0
Allianz 127.5 685.9
Caser 124.2 667.7
Seguros de Vida y Pensiones Antares 110.7 595.4
ASSOCIATION: Spanish Insurance CompanyAssociation (UNESPA)
Nuniez de Balboa 10128006 Madrid, SpainTel: (34) 91-745-1530Fax: (34) 91-745-1531
CURRENCY: euro (EUR); Spanish peseta (PTA)
EXCHANGE RATES: euros per U.S. dollar —1.1324 (January 2002), 1.1175 (2001),1.0854 (2000), 0.9386 (1999); pesetas per U.S. dollar —149.40 (1998), 146.41 (1997)
REGULATORY BODY: Ministerio de EconomiaDireccion General de Seguros y
Fondos, de PensionesPaseo de la Castellana, No. 4428046 Madrid, SpainTel: (34) 1-339-7110Fax: (34) 1-339-7113
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $36,441 (U.S. $ millions)Nonlife premiums: 17,077Life premiums: 19,364
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
86 I.I.I. International Insurance Fact Book 2003
POPULATION:40,077,100 (est. July 2002)
GDP:$757 billion (est. 2001)
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 86
ASSOCIATION: Insurance Association of Sri Lankac/o Union Assurance Ltd.Union Assurance Centre20 St Michaels Rd.Colombo 3, Sri LankaTel: (94) 1-343-061
CURRENCY: Sri Lankan rupee (SLR)
EXCHANGE RATES: Sri Lankan rupees per U.S. dollar —93.383 (January 2002), 89.383 (2001), 77.005 (2000), 70.635 (1999), 64.450 (1998), 58.995 (1997)
REGULATORY BODY: Ministry of Finance, InsuranceDivision
Lady Lochore Building 100 Sir Chittampatam A. Gardiner
MawathaColombo 02, Sri LankaTel: (94) 1-342-595Fax: (94) 1-449-823
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $188 (U.S. $ millions)Nonlife premiums: 106Life premiums: 83
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
www.iii.org or www.insurance.info I.I.I. International Insurance Fact Book 2003 87
POPULATION:19,576,783 (est. July 2002)
GDP:$62.7 billion (est. 2001)
Sri Lanka
LEADING NONLIFE INSURANCE COMPANIES, 2001
Written premiums*
Company SLR Mn USD Mn
Sri Lanka 3,961.2 44.3
Ceylinco 1,895.2 21.2
Union 1,132.7 12.7
Eagle 730.5 8.2
Janashakthi 718.2 8.0
National 549.8 6.2
Asian Alliance 244.7 2.7
Hayleys AIG 61.6 0.7
Co-operative 60.7 0.7
HNB 11.8 0.1*Gross written premiums.
LEADING LIFE INSURANCE COMPANIES, 2001
Gross written premiums
Company SLR Mn USD Mn
Sri Lanka 2,526.8 28.3
Ceylinco 2,091.9 23.4
Eagle 1,616.8 18.1
Union 730.4 8.2
Janashakthi 284.0 3.2
National 184.3 2.1
Asian Alliance 45.9 0.5
Co-operative 11.7 0.1
Hayleys AIG 2.3 0.0
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 87
Sweden
LEADING NONLIFE INSURANCE COMPANIES, 2001
Written premiums*
Company SEK Mn USD Mn
If Skade 8,467.7 924.2
Folksam Sak 6,765.0 738.4
Trygg-Hansa 5,030.2 549.0
AFA Sjuk 4,867.9 531.3
LF Sak 2,670.1 291.4
LF Stokholm 991.2 108.2
LF Skane 701.4 76.6
Holmia 654.6 71.5
SvAngAss 640.1 69.9
AGRIA 578.7 63.2*Gross earned premiums, including inwardsreinsurance but excluding direct insurance of foreignrisks.
LEADING LIFE INSURANCE COMPANIES, 2001
Gross written premiums
Company SEK Mn USD Mn
Alecta 19,146.3 1,853.5
Skandia Liv 15,212.5 1,472.7
SkandiaLink 10,156.1 983.2
SPP Liv 9,633.4 932.6
AMF Pension 9,285.2 898.9
SEB TL Fond 9,263.7 896.8
Robur Fors 8,935.3 865.0
KPA Pension 5,447.6 527.4
LF Liv 5,403.7 523.1
Folksam Liv 4,991.6 483.2
ASSOCIATION: Swedish Insurance AssociationKlara Norra Kyrkogata 33S-111 22 Stockholm, SwedenTel: (46) 8-783-9890Fax: (46) 8-783- 9895http://www.sff.a.se
CURRENCY: Swedish krona (SEK)
EXCHANGE RATES: Swedish kronor per U.S. dollar —10.4381 (January 2002), 10.3291 (2001), 9.1622 (2000), 8.2624 (1999), 7.9499 (1998), 7.6349 (1997)
REGULATORY BODY: FinansinspektionenRegeringsgatan 48; PO Box 783110398 Stockholm, SwedenTel: (46) 8-787-8000Fax: (46) 8-24-1335
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $16,199 (U.S. $ millions)Nonlife premiums: 4,153Life premiums: 12,046
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
88 I.I.I. International Insurance Fact Book 2003
POPULATION:8,876,744 (est. July 2002)
GDP:$219 billion (est. 2001)
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 88
ASSOCIATION: Swiss Insurance AssociationCF Meyer-Strasse 148002 Zurich, SwitzerlandTel: (41) 1-208-2828Fax: (41) 1-208-2800http://www.svv.ch
CURRENCY: Swiss franc (CHF)
EXCHANGE RATES: Swiss francs per U.S. dollar —1.6668 (January 2002), 1.6876 (2001), 1.6888 (2000), 1.5022 (1999), 1.4498 (1998), 1.4513 (1997)
REGULATORY BODY: Bundesamt fur Privatversicherungen(Federal Office of Private Insurance)Friedheimweg 143003 Bern, SwitzerlandTel: (41) 31-322-7911Fax: (41) 31-323-7156
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $31,442 (U.S. $ millions)Nonlife premiums: 11,781Life premiums: 19,661
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
www.iii.org or www.insurance.info I.I.I. International Insurance Fact Book 2003 89
POPULATION:7,301,994 (est. July 2002)
GDP:$226 billion (est. 2001)
Switzerland
LEADING NONLIFE INSURANCE COMPANIES, 2001
Written premiums*
Company CHF Mn USD Mn
Winterthur 2,731.7 1,616.4
Zurich 2,172.8 1,285.7
Swiss Mobilar 1,625.6 961.9
Helsana 1,147.5 679.0
Basler 1,123.6 664.9
Elvia 847.5 501.5
CSS 839.2 496.6
Visana 743.2 439.8
Generali 580.3 343.4
Swiss National 538.1 318.4*Gross written premiums.
LEADING LIFE INSURANCE COMPANIES, 2001
Gross written premiums
Company CHF Mn USD Mn
Winterthur Leben 8,321.8 4,927.7
Rentenanstalt 8,025.1 4,752.0
Zurich Leben 3,350.9 1,984.2
Basler Leben 2,885.9 1,708.9
Patria 2,169.8 1,284.8
Generali 1,267.2 750.3
Providentia 1,021.5 604.9
Elvia Leben 940.6 557.0
Genevoise Vie 848.5 502.4
Pax 762.2 451.3
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 89
Taiwan
LEADING NONLIFE INSURANCE COMPANIES, 2001
Written premiums*
Company TWD Mn USD Mn
Fubon 17,943.5 530.9
Mingtai 8,286.3 245.2
Shin Kong 6,774.5 200.4
Central 5,594.5 165.5
Taian 5,019.9 148.5
Tong Tai 4,718.0 139.6
Zurich 4,640.9 137.3
Chung Kuo 4,349.6 128.7
First 4,103.5 121.4
Union 4,101.4 121.3*Gross written premiums.
LEADING LIFE INSURANCE COMPANIES, 2000
Gross written premiums
Company TWD Mn USD Mn
Cathay Life 204,840.0 6,557.0
Nan Shan Life 107,610.3 3,444.6
Shin Kong Life 100,820.5 3,227.3
Aetna 46,748.1 1,496.4
Kuo Hua Life 31,593.6 1,011.3
Mercuries Life 18,851.1 603.4
Taiwan Life 18,729.8 599.5
Fubon Life 14,930.0 477.9
China Life 11,763.3 376.5
Life Ins. Dept. of CTC 10,871.8 348.0
ASSOCIATION: Taipei Insurance Association2, Taipei, TaiwanTel: (886) 2-2507-1566Fax: (886) 2-2507-4095
ASSOCIATION: Life Insurance Association of theRepublic of China
152, Sung Chiang RoadTaipei, TaiwanTel: (886) 2-25612144Fax: (886) 2-2567294http://www.lia-roc.org.tw/
CURRENCY: new Taiwan dollar (TWD)
EXCHANGE RATES: new Taiwan dollars per U.S. dollar —34.494 (yearend 2001), 33.082 (yearend 2000), 31.395 (yearend 1999), 32.216 (1998), 32.052 (1997), 27.5 (1996)
REGULATORY BODY: Department of Insurance, Ministry ofFinance
2, Ai-kuo West Rd.Taipei, TaiwanTel: (886) 2-322-8236Fax: (886) 2-393-5097
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $24,253 (U.S. $ millions)Nonlife premiums: 7,299Life premiums: 16,953
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
90 I.I.I. International Insurance Fact Book 2003
POPULATION:22,548,009 (est. July 2002)
GDP:$386 billion (est. 2001)
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 90
ASSOCIATION: General Insurance Association223 Soi Ruam RudeeWireless RoadBangkok 10330, ThailandTel: (66) 256-6032-8Fax: (66) 256-6039-40http://www.gaif.org/
CURRENCY: baht (THB)
EXCHANGE RATES: baht per U.S. dollar —43.982 (January 2002), 43.432 (2001), 40.112 (2000), 37.814 (1999),41.359 (1998), 31.364 (1997)
REGULATORY BODY: Department of Insurance Ministry of Commerce44/100 Sanambinnam RoadNonthaburi, 11000 ThailandTel: (66) 254-7454-4Fax: (66) 254-7454-6
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $3,366 (U.S. $ millions)Nonlife premiums: 1,239Life premiums: 2,127
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
www.iii.org or www.insurance.info I.I.I. International Insurance Fact Book 2003 91
POPULATION:62,354,402 (est. July 2002)
GDP:$410 billion (est. 2001)
Thailand
LEADING NONLIFE INSURANCE COMPANIES, 2000
Written premiums*
Company THB Mn USD Mn
Viriyah 6,783.1 169.1
Bangkok 3,747.8 93.4
Dhipaya 3,423.4 85.3
Synmunkong 2,016.4 50.3
The Safety 1,773.3 44.2
CGU Insurance 1,520.6 37.9
Sampanth 1,431.7 35.7
New Hampshire 1,400.9 34.9
South East 1,327.2 33.1
Liberty 1,318.7 32.9*Gross written premiums.
LEADING LIFE INSURANCE COMPANIES, 2000
Gross written premiums
Company THB Mn USD Mn
A.I.A. 37,068.0 924.1
Thai Life 14,590.8 363.8
Ayudhya CMG 6,085.6 151.7
Ocean 5,569.1 138.8
Muang Thai 3,941.6 98.3
Bangkok 2,713.3 67.6
South East 1,104.5 27.5
Thai Prasit 1,079.3 26.9
Siam Commercial 841.7 21.0 Interlife John Hancock 489.3 12.2
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 91
Trinidad and Tobago
LEADING NONLIFE INSURANCE COMPANIES, 2000
Written premiums*
Company TTD Mn USD Mn
ALGICO 206.8 32.8
CHIC 130.8 20.8
NEMWIL 102.6 16.3
COLFIRE 90.5 14.4
Maritime 85.5 13.6
TATIL 80.3 12.7
Royal 28.2 4.5
Capital 26.6 4.2
Gulf 17.1 2.7
Presidential 15.0 2.4*Gross written premiums.
LEADING LIFE INSURANCE COMPANIES, 2000
Gross written premiums
Company TTD Mn USD Mn
CLICO 946.1 150.2
Guardian Life 245.4 39.0
The Mutual 150.3 23.9
ALGICO 76.8 12.2
Maritime Life 76.2 12.1
TATIL 72.4 11.5
CUNA 22.4 3.6
Life of Barbados 19.2 3.1
Bancassurance 10.3 1.6
Nationwide 8.3 1.3
ASSOCIATION: Association of Trinidad and TobagoInsurance Companies
22 Cotton HillSt. ClairePort of Spain, TrinidadTel: (868) 622-6883Fax: (868) 622-2111
CURRENCY: Trinidad and Tobago dollar (TTD)
EXCHANGE RATES: Trinidad and Tobago dollars per U.S. dollar —6.2466 (January 2002), 6.2332 (2001), 6.2998 (2000), 6.2989 (1999), 6.2983 (1998), 6.2517 (1997)
REGULATORY BODY: Office of the Supervisor of InsuranceEleventh Floor, Eric Williams Finance
BuildingSt. Vincent StreetPort of Spain, Trinidad
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $469 (U.S. $ millions)Nonlife premiums: 133Life premiums: 336
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
92 I.I.I. International Insurance Fact Book 2003
POPULATION:1,163,724 (est. July 2002)
GDP:$10.6 billion (est. 2001)
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 92
ASSOCIATION: Federation Tunisienne des Societesd’Assurance (FTUSA)
9 bis Rue de Nouvelle Delhi1002 Tunis, TunisiaTel: (216) 071-285-533Fax: (216) 071-286-473
ASSOCIATION: General Arab Insurance Federation8, Kaser El Nil StreetPO Box 611Cairo, 11511, EgyptTel: (20) 2-574-3177Fax: (20) 2-576-2310http://www.gaif.org/
CURRENCY: Tunisian dinar (TND)
EXCHANGE RATES: Tunisian dinars per U.S. dollar —1.44 (January 2002), 1.3753 (2001), 1.3707 (2000), 1.1862 (1999),1.1387 (1998), 1.1059 (1997)
REGULATORY BODY: Ministere des FinancesDirection Generale des Assurances113 Avenue de la LiberteTunis, TunisiaTel: (216) 1-795-210Fax: (216) 1-795-821
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $320 (U.S. $ millions)Nonlife premiums: 292Life premiums: 28
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
www.iii.org or www.insurance.info I.I.I. International Insurance Fact Book 2003 93
POPULATION:9,815,644 (est. July 2002)
GDP:$64.5 billion (est. 2001)
Tunisia
LEADING NONLIFE INSURANCE COMPANIES, 2000
Written premiums*
Company TND Mn USD Mn
STAR 147.2 107.4
COMAR 42.0 30.6
GAT 38.3 27.9
MAGHREBIA 30.5 22.2
ASTREE 30.0 21.9
CARTE 28.2 20.6
EL-ITTIHAD 27.9 20.3
LLOYD 16.1 11.8
MAE 14.6 10.6
CTAMA 12.9 9.4*Gross written premiums.
LEADING LIFE INSURANCE COMPANIES, 2000
Gross written premiums
Company TND Mn USD Mn
SALIM 6.6 4.8
HAYETT 6.3 4.6
MAGHREBIA 5.5 4.0
GAT 3.8 2.8
STAR 2.6 1.9
COMAR 2.6 1.9
ASTREE 2.1 1.6
CARTE 1.9 1.4
AMINA 1.8 1.3
EL-ITTIHAD 1.1 0.8
MAE 0.9 0.7
MGA 0.5 0.4
LLOYD 0.4 0.3
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 93
Turkey
LEADING NONLIFE INSURANCE COMPANIES, 2001
Written premiums*
Company TRL Bn USD Mn
AXA Oyak 210,814.8 172.0
Koc Allianz 188,495.0 153.8Anadolu Anonim Turk 176,382.0 143.9
Yapi Kredi 171,738.0 140.1
Aksigorta 144,823.0 118.2
Gunes 129,577.0 105.7
Basak 105,462.0 86.1
Isvicre 104,675.0 85.4
Ray 72,770.0 59.4
Commercial Union 68,265.0 55.7*Gross written premiums. For some companies,healthcare business is written by a separate companyand therefore not included.
LEADING LIFE INSURANCE COMPANIES, 2001
Gross written premiums
Company TRL Bn USD Mn
Anadolu Hayat 109,324.0 89.2
Yapi Kredi Yasam 81,329.0 66.4
Commercial Union Hayat 52,543.0 42.9
Koc Allianz Hayat 37,352.0 30.5
AXA Oyak Hayat 33,667.0 27.5
Gunes Hayat 22,515.0 18.4
American Life Hayat 20,483.0 16.7
Basak Hayat 16,320.0 13.3
Genel Yasam 12,751.0 10.4
Garanti Hayat 11,814.0 9.6
ASSOCIATION: Association of Insurance andReinsurance Companies ofTurkey
Buyukdere Cad.Buyukdere Plaza No 195 Kat 1-280620 LevantIstanbul, TurkeyTel: (90) 212-324-1950Fax: (90) 212-325-6108http://www.tsrsb.org.tr/private/
eng/index.html
CURRENCY: Turkish lira (TRL)
EXCHANGE RATES: Turkish liras per U.S. dollar —1,223,140 (January 2002), 1,223,140 (2001), 625,219 (2000),418,783 (1999), 260,724 (1998),151,865 (1997)
REGULATORY BODY: Insurance Supervisory BoardPrime Ministry, Undersecretariat of
TreasuryInonu Cad. Hazine Binasi, D-Blok kat06510 EmekAnkara, TurkeyTel: (90) 312-212-8206Fax: (90) 312-212-0265
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $2,034 (U.S. $ millions)Nonlife premiums: 1,660Life premiums: 375
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
94 I.I.I. International Insurance Fact Book 2003
POPULATION:67,308,928 (est. July 2002)
GDP:$443 billion (est. 2001)
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 94
CURRENCY: hryvnia (HRY)
EXCHANGE RATES: hryvnia per U.S. dollar —5.3126 (January 2002), 5.3722 (2001), 5.4402 (2000), 4.1304 (1999),2.4495 (1998), 1.8617 (1997)
REGULATORY BODY: Insurance Supervisory AuthorityDept of Financial Markets and
OrganisationsMarini Raskovoi, 1102002 Kiev, UkraineTel: (380) 044-516-8763Fax: (380) 044-516-8763
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $564 (U.S. $ millions)Nonlife premiums: 561Life premiums: 3
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
www.iii.org or www.insurance.info I.I.I. International Insurance Fact Book 2003 95
POPULATION:48,396,470 (est. July 2002)
GDP:$205 billion (est. 2001)
Ukraine
LEADING NONLIFE INSURANCE COMPANIES, 2001
Written premiums*
Company HRY Mn USD Mn
Lemma 252.5 47.0
Oranta 190.2 35.4
Motor-Garant 139.6 26.0
AKB Garant 108.2 20.2
Credo-Classic 105.8 19.7
IG "TAS" 93.0 17.3
Ostra-Kyiv 70.5 13.1
Garant Auto 67.9 12.6
ASKA 56.3 10.5
Veksel-FSA 47.2 8.8*Gross written premiums for direct business only.
LEADING LIFE INSURANCE COMPANIES, 2001
Gross written premiums
Company HRY Mn USD Mn
Grawe Ukraina 6.7 3.6
Nadiya 1.6 0.9
Ekko 1.5 0.8
TAS 1.4 0.8
Jupiter 1.1 0.6
Aska Zhittya 0.7 0.4
Arta 0.3 0.2
Garant Life 0.3 0.2
UPSK Zhittya 0.1 0.0
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 95
United Arab Emirates (UAE)
LEADING NONLIFE INSURANCE COMPANIES, 2001
Note: The market leader is Abu Dhabi
National Insurance Co. (ADNIC). Its premi-
um income in 2001 was 418.66 AED Mn.
LEADING LIFE INSURANCE COMPANIES
Data not available.
ASSOCIATION: Emirates Insurance AssociationAl-Dhafra Insurance Building, Zayed
2 StreetPO Box 7755Abu Dhabi, United Arab EmiratesTel: (971) 2-6771-444Fax: (971) 2-6772-444
ASSOCIATION: General Arab Insurance Federation8, Kaser El Nil StreetPO Box 611Cairo, 11511, EgyptTel: (20) 2-574-3177Fax: (20) 2-576-2310http://www.gaif.org/
CURRENCY: Emirati dirham (AED)
EXCHANGE RATES: Emirati dirhams per U.S. dollar —central bank mid-point rate: 3.6725 (since 1997), 3.6710 (1995-96)
REGULATORY BODY: The Ministry of Economy &Commerce
PO Box 901Abu Dhabi, United Arab EmiratesTel: (971) 2-205-000Fax: (971) 2-215-339
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $801 (U.S. $ millions)Nonlife premiums: 652Life premiums: 149
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
96 I.I.I. International Insurance Fact Book 2003
POPULATION:2,445,989 (est. July 2002)
GDP:$51 billion (est. 2001)
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 96
ASSOCIATION: Association of British Insurers51 Gresham StreetLondon EC2V 7HQ, United KingdomTel: (44) 207-600-3333Fax: (44) 207-600-8999http://www.abi.org.uk
CURRENCY: British pound (GBP)
EXCHANGE RATES: British pounds per U.S. dollar —0.6981 (January 2002), 0.6944 (2001), 0.6596 (2000), 0.6180 (1999),0.6037 (1998), 0.6106 (1997)
REGULATORY BODY: Insurance and Firms DivisionThe Financial Services Authority25 The North Colonnade Canary WharfLondon E14 5H5, United KingdomTel: (44) 207-676-1000Fax: (44) 207-676-1099
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $218,380 (U.S. $ millions)Nonlife premiums: 65,664Life premiums: 152,717
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
www.iii.org or www.insurance.info I.I.I. International Insurance Fact Book 2003 97
POPULATION:59,778,002 (est. July 2002)
GDP:$1.47 trillion (est. 2001)
United Kingdom
LEADING NONLIFE INSURANCE COMPANIES, 2000
Written premiums*
Company GBP Mn USD Mn
CGNU 3,844.0 5,824.2
Royal & SunAlliance 3,119.0 4,725.8
AXA 1,786.0 2,706.1
ZFS Group 1,688.0 2,557.6
Cornhill 992.0 1,503.0
Credit Suisse 930.0 1,409.1
BUPA 879.0 1,331.8
NFU Group 616.0 933.3
Direct Line 526.0 797.0
GE Insurance 492.0 745.5*Net premiums written.
LEADING LIFE INSURANCE COMPANIES, 2000
Gross written premiums
Company GBP Mn USD Mn
Barclays 31,408.0 50,658.1
CGNU 8,421.0 13,582.3
Prudential 7,675.0 12,379.0
Lloyds TSB 5,672.0 9,148.4
Standard Life 4,892.0 7,890.3
Abbey National Group 4,242.0 6,841.9
American Life 3,925.0 6,330.6
AXA Sun Life 3,757.0 6,059.7
AEGON Group 3,716.0 5,993.5
Morgan Grenfell 3,702.0 5,971.0
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 97
United States
LEADING NONLIFE INSURANCE COMPANIES, 2001
Written premiums*
Company USD Mn
State Farm Group 37,526.6
Zurich/Farmers Group 21,315.8
Allstate Insurance Group 20,512.9
American International Group 15,454.8
CNA Insurance Companies 12,357.7
Travelers/Citigroup Companies 11,933.5
Nationwide Group 10,948.9
Liberty Mutual Insurance Cos. 9,544.5
The Hartford Insurance Group 7,664.7
Berkshire Hathaway Ins. Group 7,404.6*Direct preimums written (before reinsurancetransactions, excluding state funds).
LEADING LIFE INSURANCE COMPANIES, 2001
Gross written premiums
Company USD Mn
AIG 23,330.2
Metropolitan Life &Affiliated 23,228.1
ING 18,893.1
AEGON 18,013.0
Hartford Life Inc 17,454.4
Prudential of America 15,005.4
Nationwide 14,496.3
New York Life 13,805.6
GE Financial 11,376.9
MassMutual Financial 11,193.7
ASSOCIATION: Insurance Information Institute110 William StreetNew York, NY 10038United StatesTel: (212) 346-5500Fax: (212) 791-1807http://www.iii.org
ASSOCIATION: American Council of Life Insurers101 Constitution Avenue, NWWashington, DC 20001-2133United StatesTel: (202) 624-2000Fax: (202 )624-2000http://www.acli.org
CURRENCY: US dollar (USD)
REGULATORY BODY: National Association of InsuranceCommissioners
Executive Headquarters 2301 McGee Street, Suite 800Kansas City, MO 64108-2604United StatesTel: (816) 842-3600Fax: (816) 783-8175
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $904,021 (U.S. $ millions)Nonlife premiums: 460,608Life premiums: 443,413
Sources: Swiss Re (premium data); A.M. Best Company/Insurance InformationInstitute (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
98 I.I.I. International Insurance Fact Book 2003
POPULATION:280,562,489 (est. July 2002)
GDP:$10.082 trillion (est. 2001)
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 98
ASSOCIATION: Uruguayan Association of InsuranceCompanies
Juncal 130511.000 Montevideo, UruguayTel: (598) 2-916-1465Fax: (598) 2-916-5991
CURRENCY: Uruguayan peso (UGY)
EXCHANGE RATES: Uruguayan pesos per U.S. dollar —14.3325 (January 2002), 13.3191 (2001), 12.0996 (2000), 11.3393 (1999), 10.4719 (1998), 9.4418 (1997)
REGULATORY BODY: Superintendencia de Seguros yReaseguros
Banco Central de UruguayPaysandu Esq. Florida, Piso 8Montevideo, UruguayTel: (598) 2-903-0651Fax: (598) 2-902-8713
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $386 (U.S. $ millions)Nonlife premiums: 314Life premiums: 72
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
www.iii.org or www.insurance.info I.I.I. International Insurance Fact Book 2003 99
POPULATION:3,386,575 (est. July 2002)
GDP:$31 billion (est. 2001)
Uruguay
LEADING NONLIFE INSURANCE COMPANIES, 1999
Written premiums*
Company UGY Mn USD MnBanco de Seguros del Estado 2,929.9 258.4
Royal & SunAlliance 295.4 26.1Porto Seguro-Seguros 171.8 15.2
Mapfre Uruguay 112.8 9.9
FAR 57.5 5.1
Sul America Surinvest 50.4 4.4
Guardian Insurance 47.6 4.2
Real Uruguaya 45.5 4.0
AIG Uruguay 41.8 3.7
AXA Seguros 27.3 2.4*Gross written premiums.
LEADING LIFE INSURANCE COMPANIES, 1999
Gross written premiums
Company UGY Mn USD MnBanco de Seguros del Estado 406.9 38.9
Real Uruguaya 113.0 10.8
ITT Hartford 103.5 9.9 Cooperativa de Seguros Surco 46.5 4.4
Santander 20.2 1.9
ALICO Compania 17.7 1.7
Metroplitan Life 9.0 0.9
Jefferson Pilot Omega 1.8 0.2
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 99
Venezuela
LEADING NONLIFE INSURANCE COMPANIES, 2000
Written premiums*
Company VEB Bn USD MnCaracas C.A. Seguros(Liberty Mutual) 83.7 123.2Seguridad, C.A. Seguros La 75.5 111.0Multinacional, C.A. de Seguros 71.5 105.2
Adriatica, C.A. de Seguros 67.5 99.3
Orinoco, C.A. Seguros 59.6 87.6
Mercantil, C.A. Seguros 51.8 76.1
Panamerican, C.A. Seguros 45.3 66.6
Sud America, S.A. Seguros 44.4 65.3
Nuevo Mundo, C.A. Seguros 42.7 62.8
Catatumbo, C.A. Seguros 32.7 48.1*Gross written premiums.
LEADING LIFE INSURANCE COMPANIES, 2001
Gross written premiums
Company VEB Bn USD MnMultinacional de Seguros C.A. 98.6 136.3
Horizonte, C.A. Seguros 85.4 118.1
Seguridad C.A. Seguros La 74.0 102.3 Caracas C.A. Seguros(Liberty Mutual) 68.4 94.5
Previsora, C.N.A. de Seguros La 61.4 84.8
Bancentro C.A. Seguros 61.3 84.6
Banvalor C.A. Seguros 48.1 66.4
Capitolio, C.A. de Seguros 39.8 55.0
Panamerican C.A. Seguros(Liberty Mutual) 38.5 53.2
Orinoco C.A. Seguros 26.2 36.3
ASSOCIATION: Association of Insurance Companiesof Venezuela
Torre Taeca, Piso 2Av GuaicaipuroUrbanizacion El RosalCaracas, VenezuelaTel: (58) 2-12-952-4411Fax: (58) 2-12-951-3268http://www.camaraseg.org/
CURRENCY: bolivar (VEB)
EXCHANGE RATES: bolivares per U.S. dollar —761.225 (January 2002), 723.666 (2001), 679.960 (2000), 605.717 (1999), 547.556 (1998),488.635 (1997)
REGULATORY BODY: Superintendencia de SegurosAvenida VenzuelaTorre del DesarrolloEl Rosal, Caracas D.F., 1060,VenezuelaTel: (58) 2-12-954-0943
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $2,726 (U.S. $ millions)Nonlife premiums: 2,639Life premiums: 86
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
100 I.I.I. International Insurance Fact Book 2003
POPULATION:24,287,670 (est. July 2002)
GDP:$146.2 billion (est. 2001)
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 100
ASSOCIATION: Vietnam Insurance Association8th Floor, 141 Le DuanHanoi, VietnamTel: (84) 4-942-2602Fax: (84) 4-942-2601
CURRENCY: dong (VND)
EXCHANGE RATES: dong per U.S. dollar —15,085 (January 2002), 14,725 (2001), 14,168 (2000), 13,943 (1999).13,268 (1998), 11,683 (1997)
REGULATORY BODY: Insurance and ReinsuranceSupervisory Authority
Ministry of Finance InsuranceSupervisory Division
Socialist Republic of VietnamPhan Huy Chu StreetHanoi, VietnamTel: (84) 4-826-0705Fax: (84) 4-824-1429
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $315 (U.S. $ millions)Nonlife premiums: 146Life premiums: 169
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
POPULATION:
81,098,416 (est. July 2002)
GDP:$168.1 billion (est. 2001)
Vietnam
LEADING NONLIFE INSURANCE COMPANIES, 2001
Written premiums*
Company VND Bn USD Mn
Bao Viet 1,111.3 75.5
Bao Minh 574.7 39.0
PVIC 176.3 12.0
PJICO 139.2 9.5
PTI 92.1 6.3
UIC 60.0 4.1
Allianz/AGF 53.5 3.6
VIA 36.4 2.5
Boa Long 25.7 1.7
Viet Uc 12.9 0.9*Gross written premiums.
LEADING LIFE INSURANCE COMPANIES, 2001
Gross written premiums
Company VND Bn USD Mn
Bao Viet 1,507.4 102.4
Prudential 828.9 56.3
Manulife 302.0 20.5
AIA 106.8 7.3
Baominh CMG 40.7 2.8
www.iii.org or www.insurance.info I.I.I. International Insurance Fact Book 2003 101
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 101
ASSOCIATION: Assocation of Yugoslav InsuranceCompanies
29 Novembra 68b, Mezanin II11000 Belgrade, YugoslaviaTel: (381) 011-767-199Fax: (381) 011-752-936
CURRENCY: new Yugoslav dinar (YUD); note - inMontenegro the euro is legal tender;in Kosovo both the euro and theYugoslav dinar are legal (2002)
EXCHANGE RATES: new Yugoslav dinars per U.S. dollar —official rate: 65 (January 2002), 10.0 (December 1998),5.85 (December 1997), 5.02 (September 1996); black market rate: 14.5 (December1998), 8.9 (December 1997)
REGULATORY BODY: Federal Ministry of FinanceInsurance Supervisory DepartmentBulevar Lenjina 2/VNew Belgrade, YugoslaviaTel: (381) 011-222-4240Fax: (381) 011-311-1702
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $279 (U.S. $ millions)Nonlife premiums: 277Life premiums: 2
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
102 I.I.I. International Insurance Fact Book 2003
POPULATION:10,656,929 (est. July 2002)
GDP:$24 billion (est. 2001)
Yugoslavia
LEADING NONLIFE INSURANCE COMPANIES, 1999
Written premiums*
Company YUD Mn USD Mn
Dunav 1,747.2 158.8
DDOR Novi Sad 1,744.5 158.6
Evropa 360.8 32.8
Lovcen 213.6 19.4
Globos 127.0 11.5
Sim 108.6 9.9
Kopaonik 94.0 8.5
Stari Grad 88.7 8.1
Takovo 56.7 5.2
Ekos 53.2 4.8*Invoiced premiums.
LEADING LIFE INSURANCE COMPANIES
Data not available.
IFB. FINAL5.29.03 5/29/03 2:42 PM Page 102
ASSOCIATION: Insurance Council of ZimbabweBothwell House66 Jason Moyo AvenueHarare, ZimbabweTel: (263) 4-708-031Fax: (263) 4-706-568
CURRENCY: Zimbabwean dollar (ZWD)
EXCHANGE RATES: Zimbabwean dollars per U.S. dollar —54.9451 (December 2001), 54.9451 (2001), 43.2900 (2000),38.3142 (1999), 21.4133 (1998),11.8906 (1997)
REGULATORY BODY: Commissioner of InsuranceSanders HouseCnr First St./J. Moyo Ave.Private Bag 7705, CausewayHarare, ZimbabweTel: (263) 4-757730Fax: (263) 4-757734
DIRECT PREMIUMS WRITTEN, 2001
Total premiums: $314 (U.S. $ millions)Nonlife premiums: 162Life premiums: 153
Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).
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POPULATION:11,376,676 (est. July 2002)
GDP:$28 billion (est. 2001)
Zimbabwe
LEADING NONLIFE INSURANCE COMPANIES, 2000
Written premiums*
Company ZWD Mn USD Mn
Zimnat Lion 1,281.4 29.6
RM Insurance 849.6 19.6
NICOZ 753.3 17.4
Diamond 552.5 12.8
AIG 549.7 12.7
CGU 433.4 10.0
Eagle 328.3 7.6
Standard Fin Gen 256.8 5.9
Heritage 175.7 4.1*Gross written premiums.
LEADING LIFE INSURANCE COMPANIES, 2000
Gross written premiums
Company ZWD Mn USD Mn
Old Mutual 5,523.8 127.6
First Mutual Life 981.8 22.7
Zimnat Life 477.5 11.0
Southampton 426.9 9.9
Fidelity Life 212.6 4.9
IGI Life 21.1 0.5
CU 17.0 0.4
Southern Life 9.3 0.2
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AFRICA
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ASIA
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AUSTRAL- ASIA
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CENTRALAMERICA
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EUROPE
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NORTH AMERICA
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SOUTHAMERICA
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I N T E R N ATIONAL
Association of Superintendents of Insurance of Latin America • c/o Superintendencia de
Va l o res y Seguros, Chile, Av. Libertador Bern a rdo O’Higgins 1449, PISO 11, 834-0518
Santiago, Chile. Tel. 56-2-473 4000. Fax. 56-2-473 4101 http://www. a s s a l w e b . o rg/ —
I n t e rnational body that brings together the highest re g u l a t o ry authorities in the Latin
American insurance field. Comprised of 20 Latin American countries in addition to two
associate members, Spain and Port u g a l .
Axco • 1250 24th Street NW, Suite 350, Washington DC 20037. Tel. 202-776-7704.
Fax. 202-248-6935 http://www.axcoinfo.com/ — Research firm providing detailed insurance,
h e a l t h c a re and pensions market information on 140 countries.
B e s t ’ s Insight - Global • c/o A.M. Best Company Inc. • Ambest Rd., Oldwick, NJ 08858.
Tel. 908-439-2200. Fax. 908-439-2237. http://www.ambest.com – A comprehensive dire c t o ry
of over 2,300 international insurance companies produced on CD ROM.
Captive Insurance Companies Association • 4248 Park Glen Rd. Minneapolis, MN 55416
Tel. 952-928-4655. Fax. 952-929-1318. http://www.captiveassociation.com — Org a n i z a t i o n
that disseminates information useful to firms that utilize the captive insurance company
concept to solve corporate insurance pro b l e m s .
Comité Européen des Assurances • 3 bis, rue de la chaussée d’Antin, 75009 Paris, France.
Tel. 33-1-44-83-11-83. Fax. 33-1-47-70-03-75. http://www. c e a . a s s u r. o rg/ — Membership
o rganization of 30 national associations, re p resenting the common interests of Euro p e a n
i n s u rers. Publishes European Insurance Data, an annual statistical review of the Euro p e a n
m a r k e t .
Geneva Association • 53 Route de Malagnou, CH-1208 Geneva, Switzerland.
Tel. 41-22-707 66 00. Fax. 41-22-736 75 36. http://www. g e n e v a a s s o c i a t i o n . o rg/ — Wo r l d
o rganization formed by some 80 chief executive officers of leading insurance companies in
E u rope, North America, South America, Asia, Africa and Australia. Its main goal is to
re s e a rch the growing economic importance of worldwide insurance activities in the major
sectors of the economy. Produces The Geneva Papers and other publications.
Resources
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RESOURCES
Insurance Services Network • PO Box 455, Lake Forest, IL 60045. Tel. 847-234-4762.
Fax. 847-295-2608. http://www.isn-inc.com/ — Independent insurance information company
o ffering international industry news and analyses of the re g u l a t o ry climate in dozens of
countries. Publishes Insurance Research Letter.
I n t e r national Association of Insurance Supervisors • c/o Bank for Intern a t i o n a l
Settlements, CH-4002 Basel, Switzerland. Tel. 41-61-225-73-00. Fax. 41-61-280-91-51.
h t t p : / / w w w. i a i s w e b . o rg — Represents insurance superv i s o ry authorities of some 100
jurisdictions. Promotes cooperation among members and sets international standards for
insurance supervision.
I n t e r national Federation of Risk and Insurance Management Associations, Inc. •
c/o Risk and Insurance Management Society, Inc., 655 Third Ave., 2nd Fl., New York, NY
10017. Tel. 212-286-9292. Fax. 212-986-9716. http://www. r i m s . o rg/ifrima/ — Wo r l d w i d e
u m b rella organization dedicated to the advancement of risk management and its practice
t h rough education and interaction.
I n t e r national Insurance Society, Inc. • 101 Murray St., New York, NY 10007.
Tel. 212-815-9290. Fax. 212-815-9297. http://www. i i s o n l i n e . o rg — Nonprofit membership
o rganization whose mission is to facilitate international understanding, the transfer of ideas
and innovations and the development of personal networks across insurance markets
t h rough a joint eff o rt of leading executives and academics throughout the world.
I n t e r national Social Security Association • c/o PREVENT, Rue Gachardstraat 88 b 4,
1050 Brussels, Belgium. Tel. 32-2-643-44-92. Fax. 32-2-643-44-90.
h t t p : / / i n f o rm a t i o n . p revention.issa.int/ — Nonprofit international organization consisting of
institutions and administrative bodies dealing with one or more aspects of social security in
d i ff e rent countries of the world.
I n t e r national Trade Administration • U.S. Department of Commerce,
1401 Constitution Ave., Washington, DC 20230. Tel. 800-872-8723. Fax. 202-482-6097.
h t t p : / / w w w.ita.doc.gov — Division of the U.S. Department of Commerce that helps U.S.
businesses participate in the growing global marketplace.
O rganisation for Economic Co-operation and Development (OECD) • 2, rue André Pascal,
75775 Paris Cedex 16, France. Tel. 33-1-45-24-82-00. Fax. 33-1-45-24-19-50.
h t t p : / / w w w. o e c d . o rg/ — International organization of the industrialized, market-economy
countries. The OECD publishes numerous re p o rts, including the Insurance Statistics
Ye a r b o o k .
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RESOURCES
O rganisation for Economic Co-operation and Development (OECD), Washington Center •
2001 L St., NW, Suite 650, Washington, DC 20036-4922. Tel. 202-785-6323. Fax. 202-785-
0350. http://www. o e c d w a s h . o rg — Set up in 1966 to market the publications of the OECD in
the United States and to serve as an information center for the U.S. market. The Center is
engaged in public outreach activities and acts as a liaison office to the U.S. legislative and
executive branches.
Overseas Private Investment Corporation • 1100 New York Ave., NW, Washington, DC
20527. Tel. 202-336-8400. Fax. 202-408-5142. http://www.opic.gov — Self-sustaining U.S.
g o v e rnment agency providing political risk insurance and finance services for U.S.
investment in developing countries.
sigma • c/o Swiss Re, Mythenquai 50/60, PO Box 8022, Zurich, Switzerland.
Tel. 41-43-285-2121. Fax. 41-43-285-2999. http://www. s w i s s re.com — The s i g m a p u b l i c a t i o n
series provides comprehensive information on the international insurance markets and in-
depth analyses of economic trends and strategic issues in insurance, reinsurance and
financial services, covering life and nonlife business.
TOPICS • c/o Munich Re, 80791 Munich, Germ a n y. Tel. 49-89-38-91-0.
h t t p : / / w w w. m u n i c h re.com — This semi-annual publication looks at current topics and tre n d s
in the insurance industry.
Weather Risk Management Association • 1156 15t h St., NW, Suite 900, Washington, DC
20005. Tel. 202-289-3800. Fax. 202-393-0336. http://wrm a . o rg — The goal of this association
is to serve the weather risk management industry by providing forums for discussion and
interaction with others associated with financial weather pro d u c t s .
World Fact Book • c/o Central Intelligence Agency (CIA), Washington, DC 20505.
Tel. 703-482-0623. Fax. 703-482-1739. http://www. c i a . g o v / c i a / p u b l i c a t i o n s /
factbook/index.html — Produced by the CIA’s Directorate of Intelligence, the fact book is a
c o m p rehensive re s o u rce of facts and statistics on more than 250 countries and other entities.
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U.S. ORGANIZA T I O N S
Alliance of American Insurers • 3025 Highland Pkwy., Suite 800, Downers Grove, IL 60515.
Tel. 630-724-2131. Fax. 630-724-2190. http://www. a l l i a n c e a i . o rg — Trade association of
p ro p e rty/casualty insurers providing educational, legislative, promotional, and safety serv i c e s
to its members.
American Council of Life Insurers (ACLI) • 101 Constitution Ave., NW, Washington, DC
20001-2133. Tel. 202-624-2000. Fax. 202-624-2317. http://www.acli.com/ — Trade association
responsible for the public affairs, government, legislative and re s e a rch aspects of the life
insurance business.
American Insurance Association (AIA) • 1130 Connecticut Ave. NW, Suite 1000,
Washington, DC 20036. Tel. 202-828-7100. Fax. 202-293-1219. http://www. a i a d c . o rg —
Trade and service organization for pro p e rty/casualty insurance companies. Provides a foru m
for the discussion of problems; provides safety, promotional and legislative services.
Health Insurance Association of America • 1201 F Street, NW Suite 500, Washington, DC
20004-1204. Tel. 202-824-1600. Fax. 202-824-1722. http://www. h i a a . o rg/ — Central source of
health insurance information, responsible for public relations, government re l a t i o n s ,
legislation and re s e a rch on behalf of the private commercial health insurance industry.
Insurance Information Institute (I.I.I.) • 110 William St., New York, NY 10038.
Tel. 212-346-5500. Fax. 212-791-1807. http://www. i i i . o rg — A primary source for inform a t i o n ,
analysis, and re f e rence on insurance subjects.
Insurance Services Office, Inc. (ISO) • 545 Washington Blvd., Jersey City, NJ 07310-1686.
Tel. 800-888-4476. Fax. 201-748-1472. http://www.iso.com — Provides statistical inform a t i o n ,
actuarial analyses and consulting, policy language, and related information and technical
s e rvices to participants in the pro p e rty/casualty insurance market. Through its American
Insurance Services Group (AISG) unit, ISO also provides claims inform a t i o n .
h t t p : / / w w w.aisg.com
LIMRA • 300 Day Hill Rd., Wi n d s o r, CT 06095-4761. Tel. 860-688-3358. Fax. 860-298-9555.
h t t p : / / w w w.limra.com/ — Principal source of life insurance industry sales and marketing
statistics.
LOMA (Life Office Management Association) • 2300 Windy Ridge Pkwy., Suite 600,
Atlanta, GA 30339-8443. Tel. 770-951-1770. Fax. 770-984-0441. http://www. l o m a . o rg —
Worldwide association of insurance companies specializing in re s e a rch and education, with
a primary focus on home office management.
RESOURCES
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National Association of Independent Insurers (NAII) • 2600 River Rd., Des Plaines, IL
60018. Tel. 847-297-7800. Fax. 847-297-5064. http://www. n a i i . o rg — Trade association of fire ,
p ro p e rty/casualty and surety insurers.
National Association of Mutual Insurance Companies (NAMIC) • 3601 Vincennes Rd.,
PO Box 68700, Indianapolis, IN 46268. Tel. 317-875-5250. Fax. 317-879-8408.
http://www.namic.org — Trade association of property/casualty mutual insurance
companies.
Reinsurance Association of America • 1301 Pennsylvania Ave. NW, Suite 900, Wa s h i n g t o n ,
DC 20004. Tel: 202-638-3690. Fax: 202-638-0936. http://www. re i n s u r a n c e . o rg — Tr a d e
association of pro p e rty/casualty re i n s u rers; provides legislative services for members.
Risk and Insurance Management Society, Inc. (RIMS) • 655 3rd Ave, 2nd Fl., New York,
NY 10017. Tel. 212-286-9292. Fax. 212-989-9716. http://www.rims.org — Organization of
corporate buyers of insurance which makes known to insurers the insurance needs of
business and industry, supports loss prevention, and provides a forum for the discussion of
common objectives and problems.
RESOURCES
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Insurance Information Institute110 William StreetNew York, NY 10038Tel. 212-346-5500. Fax. 212-791-1807. www. i i i . o rg or www. i n s u r a n c e . i n f o
P re s i d e n t – G o rdon Stewart
Senior Vice Pre s i d e n t – P rograms and Operations – C a ry Schneider
Senior Vice President and Chief Economist – R o b e rt P. Hartwig, Ph.D., CPCU
Vice Pre s i d e n t – Public Aff a i r s – P.J. Cro w l e y
Fact BookSenior Vice President and Editor – Issues Analysis – Ruth Gastel, CPCU
Vice President – Information Services and Research – Madine Singer
Publications Editor – Neil Liebman
Research and Production – Mary-Anne Firneno
Web and Information Services Manager – Shorna Lewis
Production Assistant – Dolores Sanchirico
Media OfficesWashington, D.C. Media Office: Vice President – Carolyn Gorman
Tel. 202-833-1580. Fax. 202-223-5779.
West Coast Media Offices:
Insurance Information Network of California:
Executive Director – Candysse Miller
Tel. 213-738-5333. Fax. 213-738-7556.
Northern California:
Communications Specialist – Omar Morales
Tel. 925-969-2223. Fax. 925-969-2188.
Insurance Information Institute Representatives
Special Counsel William E. Bailey
Tel. 617-884-2461. Fax. 617-884-2593.
Davis Communications William Davis, Atlanta
Tel. 770-321-5150. Fax. 770-321-5150.
Chartrand Communications David V. Chartrand, Kansas City
Tel. 913-768-4700. Fax. 913-768-4900.
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