International Insurance Factbook 2015

8/19/2019 International Insurance Factbook 2015

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TABLE OF CONTENTS

To the Reader 1About Axco Insurance Information Services 2About Swiss Re 2

Chapter 1: World Overview 3

Chapter 2: World Rankings 12

Chapter 3: Country Profiles 16

Appendices 108International Insurance Organizations 108

I.I.I. Staff 110


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2015 International Insurance Fact Book updates at www.iii.org/international/ 1

To The ReaderIn response to the globalization of the insurance business and the need for readily available dataon world insurance, the Insurance Information Institute produces a Fact Book for internationalinsurance statistics.

We could not have undertaken this project without help from many organizations that collectinternational insurance data. We are especially grateful for the generous assistance of AxcoInsurance Information Services (http://www.axcoinfo.com), a London-based insuranceinformation service, and Swiss Re (http://www.swissre.com), which publishes the internationalresearch journal, sigma. The information included, which covers some 90 countries, comes froma variety of other sources as well. We have attempted to standardize the information as much aspossible.

We hope you find this Fact Book useful.

Robert P. Hartwig, Ph.D., CPCU

PresidentInsurance Information Institute110 William StreetNew York, NY 10038212 346-5500http://www.iii.org


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Chapter 1: World Overview

World OverviewWORLD LIFE AND NONLIFE INSURANCE IN 2013

Outside the United States, the insurance industry is divided into life and nonlife, or general insurance, rather thanlife/health and property/casualty. World insurance premiums rose 1.4 percent in 2013, adjusted for inflation, followinga 2.5 percent inflation-adjusted increase in 2012, according to Swiss Re’s latest study of world insurance. Nonlifepremiums rose 2.3 percent in 2013, adjusted for inflation, following 2.7 percent growth in 2012. Life insurancepremiums grew by 0.7 percent after inflation in 2013, down from 2.3 percent inflation-adjusted growth in 2012.

In 2013 life and nonlife insurance premiums (excluding cross-border business) accounted for 6.3 percent of worldgross domestic product (GDP). Premiums accounted for 17.6 percent of GDP in Taiwan, the highest share in theSwiss Re study, followed by 15.4 percent in South Africa, 13.2 percent in Hong Kong, 12.6 percent in the Netherlandsand 11.9 percent in South Korea. Premiums represented 7.5 percent of GDP in the United States, the 10th highestshare in the study.

WORLD LIFE AND NONLIFE INSURANCEPREMIUMS, 2011-2013 (1)

(Direct premiums written, U.S. $ millions)

Year Life Nonlife (2) Total

2011 $2,611,718 $1,954,445 $4,566,1632012 2,630,274 1,968,677 4,598,951

2013 2,608,091 2,032,850 4,640,941(1) Before reinsurance transactions.(2) Includes accident and health insurance.

Source: Swiss Re, sigma, No. 3/2014.

A 2012 Swiss Re study put global commercialinsurance premiums at $600 billion in 2010,with the U.S. accounting for the largest share($237 billion in direct premiums written),followed by Japan ($35 billion), China ($31billion), the United Kingdom ($28 billion) andGermany ($27 billion).

TOP TEN COUNTRIES BY LIFE AND NONLIFE DIRECT PREMIUMS WRITTEN, 2013 (1)(U.S. $ millions)

Total premiums

Rank Country LifepremiumsNonlife

premiums (2) AmountPercent changefrom prior year

Percent of totalworld premiums

1 United States (3), (4) $532,858 $726,397 $1,259,255 -1.1% 27.13%

2 Japan (5), (6) 422,733 108,773 531,506 -15.2 11.453 United Kingdom (6) 222,893 106,750 329,643 2.4 7.10

4 P.R. China (4) 152,121 125,844 277,965 13.3 5.995 France (7) 160,156 94,598 254,754 7.2 5.49

6 Germany (7) 114,349 132,813 247,162 6.3 5.337 Italy (4) 117,978 50,576 168,554 17.1 3.63

8 South Korea (5), (6) 91,204 54,223 145,427 -4.9 3.139 Canada (6), (8) 52,334 73,010 125,344 0.6 2.7010 Netherlands (4) 26,005 75,135 101,140 5.5 2.18

(1) Before reinsurance transactions.(2) Includes accident and health insurance.(3) Nonlife premiums include state funds; life premiums include an estimate of group pension business.


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(4) Provisional.(5) April 1, 2013-March 31, 2014.(6) Estimated.(7) Life premiums are estimated; nonlife premiums are provisional.(8) Life premiums are net premiums.

Source: Swiss Re, sigma , No. 3/2014.

LIFE AND NONLIFE INSURANCE PREMIUMS, 2013(Direct premiums written, U.S. $ millions)

Total premiums

Country Nonlifepremiums (1)Life

premiums AmountPercent of totalworld premiums

Algeria $1,342 $98 $1,440 0.03% Angola 1,079 57 1,136 0.02 Argentina 13,957 3,359 17,317 0.37 Australia 32,667 45,641 78,309 1.69

Austria 13,456 8,596 22,052 0.48Bahamas 539 154 693 0.01Bahrain 515 173 688 0.01Belarus 706 42 748 0.02Belgium 16,578 22,430 39,008 0.84

Brazil 39,513 49,417 88,931 1.92Bulgaria 947 183 1,129 0.02

Canada 73,010 52,334 125,344 2.70Chile 4,726 6,986 11,712 0.25Colombia 6,439 3,632 10,070 0.22

Costa Rica 897 139 1,036 0.02Croatia 1,146 445 1,591 0.03Cyprus 632 456 1,088 0.02

Czech Republic 4,341 3,657 7,998 0.17Denmark 11,366 22,981 34,347 0.74

Dominican Republic 619 120 739 0.02Ecuador 1,377 282 1,659 0.04

Egypt 1,051 800 1,851 0.04Finland 5,243 22,363 27,606 0.59France 94,598 160,156 254,754 5.49

Germany 132,813 114,349 247,162 5.33Greece 3,116 2,143 5,259 0.11Guatemala 544 135 679 0.01

Hong Kong 4,016 32,059 36,075 0.78Hungary 1,566 1,938 3,504 0.08

India 13,401 52,174 65,576 1.41Indonesia 4,254 14,141 18,395 0.40


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Total premiums



Iran 8,878 796 9,675 0.21

Ireland 8,851 46,929 55,780 1.20Israel 6,170 7,329 13,499 0.29Italy 50,576 117,978 168,554 3.63Jamaica 437 246 683 0.01Japan 108,773 422,733 531,506 11.45

Jordan 620 66 686 0.01Kazakhstan 1,292 372 1,664 0.04Kenya 1,000 520 1,520 0.03Kuwait 770 182 952 0.02

Lebanon 1,005 469 1,475 0.03

Liechtenstein 992 2,643 3,635 0.08Luxembourg 3,822 25,904 29,726 0.64Malaysia 5,161 9,985 15,146 0.33Malta 2,107 1,365 3,472 0.07Mauritius 212 476 688 0.01

Mexico 14,884 12,470 27,354 0.59Morocco 2,157 1,023 3,180 0.07

Namibia 279 664 944 0.02Netherlands 75,135 26,005 101,140 2.18

New Zealand 9,219 1,694 10,913 0.24

Nigeria 1,406 457 1,863 0.04Norway 10,238 13,909 24,147 0.52Oman 859 88 947 0.02Pakistan 619 1,048 1,667 0.04Panama 965 280 1,244 0.03Peru 1,806 1,548 3,354 0.07Philippines 1,233 4,060 5,293 0.11

Poland 9,729 8,355 18,084 0.39Portugal 5,118 14,087 19,205 0.41

PR China 125,844 152,121 277,965 5.99

Qatar 1,407 64 1,471 0.03Romania 1,935 547 2,482 0.05Russia 25,755 2,666 28,421 0.61

Saudi Arabia 6,105 256 6,360 0.14Serbia 601 141 742 0.02Singapore 2,870 15,092 17,962 0.39Slovakia 1,398 1,343 2,741 0.06


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Total premiums



Slovenia 1,892 801 2,693 0.06

South Africa 9,565 44,556 54,121 1.17South Korea 54,223 91,204 145,427 3.13Spain 38,647 33,862 72,510 1.56Sri Lanka 442 333 775 0.02Sweden 10,614 30,865 41,478 0.89

Switzerland 28,370 34,227 62,597 1.35Taiwan 15,964 75,013 90,977 1.96Thailand 6,663 14,798 21,461 0.46Trinidad and Tobago 572 349 921 0.02

Tunisia 699 131 830 0.02

Turkey 10,699 1,761 12,460 0.27Ukraine 3,276 310 3,586 0.08United Arab Emirates 6,026 1,933 7,959 0.17United Kingdom 106,750 222,893 329,643 7.10United States 726,397 532,858 1,259,255 27.13

Uruguay 865 348 1,213 0.03Venezuela 13,290 444 13,733 0.30

Vietnam 1,131 984 2,115 0.05Other 10,084 3,069 13,154 0.28

World $2,032,850 $2,608,091 $4,640,941 100.00%

(1) Includes accident and health insurance.Source: Swiss Re, sigma, No. 3/2014.

POPULATION BY COUNTRY, 2014

Country Population (1) Rank

Afghanistan 31,822,848 40 Algeria 38,813,722 33

Angola 19,088,106 58 Argentina 43,024,374 32

Australia 22,507,617 55 Austria 8,223,062 94 Azerbaijan 9,686,210 91Bangladesh 166,280,712 8Belarus 9,608,058 92Belgium 10,449,361 83Benin 10,160,556 87


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Bolivia 10,631,486 81Brazil 202,656,788 5Burkina Faso 18,365,123 59

Burma 55,746,253 24Burundi 10,395,931 85

Cambodia 15,458,332 68Cameroon 23,130,708 53

Canada 34,834,841 37Chad 11,412,107 76Chile 17,363,894 64China 1,355,692,576 1

Colombia 46,245,297 29Congo, Democratic Republic of the 77,433,744 19

Cote d'Ivoire 22,848,945 54Cuba 11,047,251 77Czech Republic 10,627,448 82Dominican Republic 10,349,741 86

Ecuador 15,654,411 67Egypt 86,895,099 15

Ethiopia 96,633,458 13France 66,259,012 21

Germany 80,996,685 17Ghana 25,758,108 48

Greece 10,775,557 80Guatemala 14,647,083 69Guinea 11,474,383 75Haiti 9,996,731 88Honduras 8,598,561 93Hungary 9,919,128 89

India 1,236,344,631 2Indonesia 253,609,643 4

Iran 80,840,713 18Iraq 32,585,692 39

Israel 7,821,850 98Italy 61,680,122 23

Japan 127,103,388 10Jordan 7,930,491 97Kazakhstan 17,948,816 61Kenya 45,010,056 30Korea, North 24,851,627 49Korea, South 49,039,986 26


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Madagascar 23,201,926 52Malawi 17,377,468 63

Malaysia 30,073,353 43

Mali 16,455,903 66Mexico 120,286,655 11Morocco 32,987,206 38Mozambique 24,692,144 50Nepal 30,986,975 41Netherlands 16,877,351 65Niger 17,466,172 62

Nigeria 177,155,754 7Pakistan 196,174,380 6

Peru 30,147,935 42

Philippines 107,668,231 12Poland 38,346,279 34Portugal 10,813,834 79

Romania 21,729,871 57Russia 142,470,272 9Rwanda 12,337,138 73Saudi Arabia 27,345,986 46Senegal 13,635,927 72Serbia 7,209,764 100

Somalia 10,428,043 84South Africa 48,375,645 27

South Sudan 11,562,695 74Spain 47,737,941 28

Sri Lanka 21,866,445 56Sudan 35,482,233 36

Sweden 9,723,809 90Switzerland 8,061,516 95Syria 17,951,639 60Taiwan 23,359,928 51Tajikistan 8,051,512 96Tanzania 49,639,138 25

Thailand 67,741,401 20Togo 7,351,374 99Tunisia 10,937,521 78

Turkey 81,619,392 16

Uganda 35,918,915 35Ukraine 44,291,413 31


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United Kingdom 63,742,977 22United States 318,892,103 3

Uzbekistan 28,929,716 44

Venezuela 28,868,486 45Vietnam 93,421,835 14

Yemen 26,052,966 47Zambia 14,638,505 70

Zimbabwe 13,771,721 71(1) Estimate for July 2014. Includes the 100 largest countries.

Source: U.S. Central Intelligence Agency.

GROSS DOMESTIC PRODUCT BY COUNTRY, 2013

Country Gross domestic product (1)

(U.S. $ billions)Rank

Afghanistan $45.3 100 Algeria 284.7 45

Angola 131.8 66 Argentina 771.0 22

Australia 998.3 17 Austria 361.0 37

Azerbaijan 100.4 75Bangladesh 324.6 43Belarus 150.4 62

Belgium 421.7 32Bolivia 58.3 91Brazil 2,422.0 7

Bulgaria 104.6 73Burma 111.1 70Cameroon 53.2 96Canada 1,518.0 13

Chile 335.4 42China 13,370.0 2

Colombia 526.5 28

Costa Rica 61.4 90Croatia 78.9 83Cuba 121.0 67Czech Republic 285.6 44Denmark 211.3 54

Dominican Republic 101.0 74Ecuador 157.6 61


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Country Gross domestic product (1)(U.S. $ billions) Rank

Egypt 551.4 27El Salvador 47.5 97

Ethiopia 118.2 68Finland 195.5 57France 2,273.0 9Germany 3,227.0 5

Ghana 90.4 77Greece 267.1 50

Guatemala 81.5 79Hong Kong 381.7 35

Hungary 196.6 56India 4,962.0 3

Indonesia 1,285.0 15Iran 987.1 18Iraq 248.0 51Ireland 190.4 58Israel 274.5 48Italy 1,805.0 11

Japan 4,729.0 4Kazakhstan 243.6 52Kenya 79.9 81Korea, South 1,666.0 12

Kuwait 165.8 60Lebanon 64.3 87Libya 73.6 84Lithuania 67.4 85Macau 47.2 98Malaysia 525.0 29

Mexico 1,845.0 10Morocco 180.0 59Netherlands 696.3 23New Zealand 136.0 63Nigeria 478.5 30

Norway 282.2 46Oman 94.9 76Pakistan 574.1 26

Panama 61.5 89Paraguay 45.9 99Peru 344.0 39Philippines 454.3 31


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Country Gross domestic product (1)(U.S. $ billions) Rank

Poland 814.0 21Portugal 243.3 53

Puerto Rico 64.8 86Qatar 198.7 55Romania 280.7 47Russia 2,553.0 6

Saudi Arabia 927.8 19Serbia 80.5 80

Singapore 339.0 40Slovakia 133.4 65

Slovenia 56.5 92South Africa 595.7 25

Spain 1,389.0 14Sri Lanka 134.5 64Sudan 90.0 78Sweden 393.8 34Switzerland 370.3 36Syria 107.6 72

Taiwan 926.4 20Tanzania 79.3 82Thailand 674.3 24Tunisia 108.4 71

Turkey 1,167.0 16Turkmenistan 55.2 94

Uganda 54.4 95

Ukraine 337.4 41United Arab Emirates 269.8 49

United Kingdom 2,378.0 8United States 16,720.0 1

Uruguay 56.3 93

Uzbekistan 112.6 69Venezuela 407.4 33

Vietnam 358.9 38

Yemen 61.6 88(1) Estimate. Based on Purchasing Power Parity calculations, which take into account the relative cost of living and inflation rates ofcountries. Includes 100 largest countries based on 2013 GDP.

Source: U.S. Central Intelligence Agency.


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Chapter 2: World Rankings

World RankingsTOP TEN GLOBAL INSURANCE COMPANIES BY REVENUES, 2013 (1)

($ billions)

Rank Company Revenues Country Industry

1 Berkshire Hathaway $182,150.0 U.S. Property/casualty2 AXA 165,893.5 France Life/health

3 Japan Post Holdings 152,125.8 Japan Life/health4 Allianz 134,636.1 Germany Property/casualty5 UnitedHealth Group 122,489.0 U.S. Health6 Assicurazioni Generali 115,224.4 Italy Life/health

7 Munich Re Group 83,844.8 Germany Property/casualty

8 Prudential 81,867.7 U.K. Life/health9 China Life Insurance 80,909.4 China Life/health10 Zurich Insurance Group 72,045.0 Switzerland Property/casualty

(1) Based on an analysis of companies in the Global Fortune 500. Includes stock and mutual companies.

Source: Fortune.


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THE TWENTY MOST COSTLY WORLD INSURANCE LOSSES, 2013 (1)($ millions)

Rank Date Country Event Insured loss inU.S. dollars

1 May 27 Germany, et al. Floods $4,1342 Jul. 27 Germany, France Hailstorms 3,838

3 Jun. 19 Canada Floods 1,882

4 May 18 U.S. Severe thunderstorms, tornadoes(EF5 tornado in Moore, OK) 1,776

5 Mar. 18 U.S. Thunderstorms, tornadoes, hail 1,615

6 Nov. 8 Phillipines, et al. Typhoon Haiyan, storm surge 1,486

7 Oct. 27 Germany, et al. Windstorm Christian (St. Jude) 1,471

8 May 28 U.S. Severe thunderstorms, tornadoes,large hail 1,425

9 Apr. 7 U.S. Winter storm, ice, tornadoes, heavyrains 1,204

10 Sep. 29 China, Japan Typhoon Fitow 1,133

11 Apr. 2 Argentina Large fire at refinery NA12 Dec. 5 U.K., et al. Windstorm Xaver 1,034

13 Jan. 21 Australia Floods caused by cyclone Oswald 983

14 Sep. 13 Mexico Hurricane Manuel 947

15 Nov. 17 U.S. Thunderstorms, tornadoes (2 EF4)with winds up to 305 km/h 931

16 Apr. 10 U.S. Collapse of pit wall at copper minedue to landslide NA

17 Sep. 4 China Fire at major high-techsemiconductor plant NA

18 Jul. 8 Canada Severe storms, flooding 88819 Jun. 20 Germany Hailstorms 827

20 Aug. 6 U.S. Thunderstorms, hail, tornadoes 805(1) Property and business interruption losses, excluding life and liability losses. Includes flood losses in the U.S. insured via theNational Flood Insurance Program. Loss data shown here may differ from figures shown elsewhere for the same event due todifferences in the date of publication, the geographical area covered and other criteria used by organizations collecting the data.

NA=data not available.

Source: Swiss Re, sigma , No. 1/2014; Property Claim Services (PCS), a Verisk Analytics company, insured losses for naturalcatastrophes in the United States.


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THE TEN MOST COSTLY WORLD INSURANCE LOSSES, 1970-2013 (1)($ millions)

Rank Date Country EventInsured lossin 2011 U.S.

dollars (2)

1 Aug. 25, 2005 U.S., Gulf of Mexico,Bahamas, North AtlanticHurricane Katrina; storm surge, levee failure,damage to oil rigs $80,373

2 Mar. 11, 2011 Japan Earthquake (Mw 9.0) triggers tsunami:aftershocks 37,665

3 Oct. 24, 2012 U.S., et al. Hurricane Sandy, storm surge 36,8904 Aug. 23, 1992 U.S., Bahamas Hurricane Andrew: floods 27,594

5 Sep. 11, 2001 U.S. Terror attacks on WTC, Pentagonand other buildings 25,664

6 Jan. 17, 1994 U.S. Northridge earthquake (M 6.6) 22,857

7 Sep. 6, 2008 U.S., Caribbean: Gulf ofMexico et al. Hurricane Ike; floods, offshore damage 22,751

8 Sep. 2, 2004 U.S., Caribbean; Barbadoset al. Hurricane Ivan; damage to oil rigs 17,218

9 Jul. 27, 2011 Thailand Floods caused by heavy monsoon rains 16,51910 Feb. 22, 2011 New Zealand Earthquake (Mw 6.3), aftershocks 16,142

(1) Property and business interruption losses, excluding life and liability losses. Includes flood losses in the United States insured viathe National Flood Insurance Program.(2) Adjusted to 2013 dollars by Swiss Re.

Note: Loss data shown here may differ from figures shown elsewhere for the same event due to differences in the date ofpublication, the geographical area covered and other criteria used by organizations collecting the data.

Source: Swiss Re, sigma, No. 2/2014.


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Chapter 3: Country Profiles

Country ProfilesThe country profiles that follow provides information on population, gross domestic product, insurance premiums andleading insurers.


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Angola

LEADING NONLIFE INSURANCE COMPANIES, 2008

Gross written premiums

Company AOA Mn USD Mn

AAA Seguros 15,406.5 205.3

ENSA 11,530.8 153.7GA Seguros 1,405.3 18.7

Source: Axco Insurance Information Services.

LEADING LIFE INSURANCE COMPANIES, 2008


Company AOA Mn USD Mn

AAA Seguros 2,287.8 30.5

ENSA 352.8 4.7Source: Axco Insurance Information Services.

INSURANCE ASSOCIATION

Institute of Insurance SupervisionWeb: www.iss.gv.ao/

POPULATION, 2011-2014 (1)

Year Population

2011 13,338,5412012 18,056,072

2013 18,565,2692014 19,088,106

(1) Estimated.Source: U.S. Central Intelligence Agency.

GROSS DOMESTIC PRODUCT, 2013 (1)

Year GDP

2009 $114.62010 NA

2011 NA2012 115.92013 131.8

(1) Based on Purchasing Power Parity calculations, whichtake into account the relative cost of living and inflation ratesof countries. GDP estimate for July for each year shown.Source: U.S. Central Intelligence Agency.

LIFE AND NONLIFE INSURANCE PREMIUMS, 2013(U.S. $ millions)

Direct premiumswritten

Nonlife premiums (1) $1,079Life premiums 57

Total premiums $1,136Percent of total worldpremiums

0.02%

(1) Includes accident and health insurance.Source: Swiss Re, sigma, No. 3/2014.


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Argentina



Company ARS Mn USD Mn

Prevencion ART 4,374.4 793.9

Federacion Patronal 4,315.3 783.2Caja Seguros 3,829.9 695.1

QBE La Buenos Aires 2,693.2 488.8Sancor 2,688.8 488.0

Galeno ART 2,585.4 469.2Provincia ART 2,164.4 392.8

Asociart ART 2,111.0 383.1San Cristobal 2,074.5 376.5MAPFRE Argentina 1,999.9 363.0




Company ARS Mn USD Mn

Estrella Retiro 1,149.7 208.7

MetLife Seg de Vida 1,066.2 193.5Cardif Seguros 986.5 179.0Caja de Seguros 947.2 171.9Galicia Seguros 790.9 143.5

Nacion Seguros 742.2 134.7Sancor 715.0 129.8

Provincia 579.4 105.2

HSBC NY Life Vida 535.3 97.2BBVA Seguros 490.9 89.1



Asociacion Argentina de Companias de SegurosWeb: www.aacs.org.ar


Year Population

2011 41,769,7262012 42,192,4942013 42,610,981

2014 43,024,374(1) Estimated.Source: U.S. Central Intelligence Agency.

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Year GDP

2009 $585.02010 558.02011 596.02012 709.72013 771.0

(1) Based on Purchasing Power Parity calculations, which takeinto account the relative cost of living and inflation rates ofcountries. GDP estimate for July for each year shown.Source: U.S. Central Intelligence Agency.



Nonlife premiums (1) $13,957Life premiums 3,359


0.37%

(1) Includes accident and health insurance.Source: Swiss Re, sigma , No. 3/2014.


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Australia



Company AUD Mn USDMn

QBE Insurance (Australia)Limited 4,166.7 4,314.2

Insurance Australia Limited 3,554.4 3,680.3 Allianz Australia InsuranceLimited 3,366.4 3,485.6

Insurance Manufacturers of Australia PL 2,597.9 2,689.9

Australian Associated MotorInsurers Limited 2,078.0 2,151.6

CGU Insurance Limited 2,045.0 2,117.4GIO General Limited 1,706.0 1,766.5

Vero Insurance Limited 1,464.3 1,516.1Wesfarmers GeneralInsurance Limited 1,235.9 1,279.7

Zurich Australian InsuranceLimited 1,225.5 1,268.9




Company AUD Mn USD Mn

MLC Limited 1,358.6 1,406.7

The Colonial Mutual Life Assurance Society Limited 1,189.1 1,231.2

AMP Life Limited 1,113.2 1,152.7

OnePath Life Limited 1,038.6 1,075.4Westpac Life InsuranceServices Limited 907.4 939.5

The National Mutual Life

Association of AustralasiaLimited 896.1 927.8

AIA Australia Limited 771.3 798.6

TAL Life Limited 422.7 437.6MetLife Insurance Limited 288.8 299.1

Suncorp Life &Superannuation Limited 284.8 294.9



Insurance Council of AustraliaWeb: www.insurancecouncil.com.au


Year Population

2011 21,766,7112012 22,015,576

2013 22,262,5012014 22,507,617



Year GDP

2009 $824.92010 819.0

2011 889.62012 917.7

2013 998.3(1) Based on Purchasing Power Parity calculations, which takeinto account the relative cost of living and inflation rates ofcountries. GDP estimate for July for each year shown.Source: U.S. Central Intelligence Agency.





1.69%



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Austria



Company EUR Mn USD Mn

Generali Versicherung AG 1,170.6 1,504.0

Wiener StaedtischeVersicherung AG 1,000.2 1,285.1

UNIQA OsterreichVersicherungen AG 993.1 1,276.0

Allianz ElementarVersicherungs-AG 804.2 1,033.2

Donau Versicherung AG ViennaInsurance Group 484.1 622.0

Zurich Versicherungs-AG 382.8 491.9Grazer WechselseitigeVersicherung AG 300.8 386.5

OBEROSTERREICHISCHEVersicherung AG 243.1 312.4

NiederosterreichischeVersicherung AG 206.0 264.7

HDI Versicherung AG 156.1 200.6Source: Axco Insurance Information Services.




Sparkassen Versicherung AG 819.4 1,053.2

WIENER STÄDTISCHEVERSICHERUNG AG 808.3 1,039.0

Generali Versicherung AG 685.4 881.0

FINANCE LIFELebensversicherung AG 462.4 594.3

Raiffeisen Versicherung 452.0 580.9

Allianz ElementarLebensversicherungs-AG 418.1 537.5

Bank Austria CreditanstaltVersicherung AG 412.9 530.8UNIQA ÖsterreichVersicherungen AG 354.4 455.5

Wüstenrot Versicherungs-AG 293.3 377.0

Donau Versicherung AG ViennaInsurance Group 250.4 321.8



Austrian Insurance AssociationVerband der Versicherungsunternehmen OesterreichsWeb: www.vvo.at


Year Population

2011 8,217,280

2012 8,219,743

2013 8,221,646



Year GDP

2009 $325.02010 323.12011 332.6

2012 351.42013 361.0






0.48%



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Bahamas





Company USD Mn

Colina Imperial 147.4Family Guardian 73.3

Atlantic Medical 67.5

British American 19.4Generali Worldwide 17.5Capital Life 6.6Metlife 6.5Laurentide 5.0Sirius 2.0

Sagicor 0.8Source: Axco Insurance Information Services.

Gross writtenpremiums

Company USD Mn

Bahamas First General 103.9RoyalStar Assurance 64.9Insurance Company of TheBahamas 43.3

Summit 35.6Security and General 25.4

ICWI Bahamas 3.0


Bahamas General Insurance AssociationWeb: www.bahamasinsurance.org


Year Population

2011 313,3122012 316,182

2013 319,031

2014 321,834(1) Estimated.Source: U.S. Central Intelligence Agency.


Year GDP

2009 $9.22010 9.1

2011 8.9

2012 10.82013 11.4




Nonlife premiums (1) $539Life premiums 154

Total premiums $693Percent of total worldpremiums

0.01%



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Bahrain



Company BHD Mn USD Mn

Bahrain Kuwait 22.3 59.4

Axa 17.7 47.2 ACE 16.6 44.1

Takaful International 15.5 41.3Bahrain National 15.0 39.9

Gulf Union 14.0 37.3Solidarity General Takaful 11.8 31.3Saudi National 11.4 30.4

Al Ahlia 11.2 29.8

T'azur 7.3 19.4Source: Axco Insurance Information Services.



Company BHD Mn USD Mn

Life Insurance Corp. 21.4 56.8 Alico 12.7 33.7Zurich 9.8 26.0Medgulf Takaful 7.0 18.7Legal & General GulfTakaful 4.7 12.6

Bahrain National Life 2.1 5.7Takaful International 1.3 3.5

Legal & General Gulf 0.6 1.5T'azur 0.6 1.5

Arabia Insurance Company 0.1 0.1Source: Axco Insurance Information Services.


Bahrain Insurance AssociationWeb: www.bia-bh.com


Year Population

2011 1,214,7052012 1,248,348

2013 1,281,3322014 1,314,089



Year GDP

2009 NA2010 $28.02011 29.82012 30.82013 35.0

(1) Based on Purchasing Power Parity calculations, which takeinto account the relative cost of living and inflation rates ofcountries. GDP estimate for July for each year shown.NA=Data not available.Source: U.S. Central Intelligence Agency.



Nonlife premiums (1) $515

Life premiums 173Total premiums $688Percent of total worldpremiums

0.01%



25/112


Bangladesh



Company BDT Mn USD Mn

Green Delta Insurance CoLtd 2,601.4 31.8

Sadharan BimaCorporation 2,212.0 27.0

Pioneer Insurance Co Ltd 1,701.3 20.8Reliance InsuranceLimited 1,486.3 18.2

Pragati Insurance Ltd 1,151.3 14.1

Rupali Insurance Co Ltd 759.5 9.3Eastland Insurance Co Ltd 650.1 7.9

Phoenix Insurance Co Ltd 614.6 7.5Bangladesh Gen Ins CoLtd 591.5 7.2

Continental Insurance Ltd 451.2 5.5Source: Axco Insurance Information Services.


Gross written premiumsCompany BDT Mn USD Mn

MetLife Alico 16,687.7 203.9Fareast Islami Life 7,031.3 85.9National Life 7,025.1 85.8Popular Life 6,617.8 80.8Delta Life 5,085.6 62.1

Meghna Life 4,011.8 49.0Jiban Bima Corporation 3,199.9 39.1Sandhani Life 2,249.0 27.5Prime Islami Life 2,071.3 25.3

Progressive Life 1,714.1 20.9Source: Axco Insurance Information Services.


Bangladesh Insurance AssociationWeb: www.bia-bd.org


Year Population

2011 158,570,5352012 161,083,804

2013 163,654,860



Year GDP

2009 $228.42010 242.2

2011 259.3

2012 282.52013 324.6





Total premiums $1,044Percent of total worldpremiums 0.02%



26/112


27/112


Bermuda

LEADING NONLIFE AND REINSURANCECOMPANIES, 2011 (1)


Company USD Mn

ACE 15,387.0XL Capital 5,327.1PartnerRe 4,647.8Catlin Group 3,611.6

AXIS Capital Holdings 3,315.0

Arch Capital Group 2,631.8Everest Reinsurance(Bermuda) 2,024.4

Endurance SpecialtyHoldings 1,931.4

Aspen Insurance Holdings 1,889.0Hiscox 1,837.7

(1) Includes life, nonlife and reinsurance.Source: Axco Insurance Information Services.


Bermuda Insurance InstituteWeb: www.bii.bm


Year Population

2011 68,6792012 69,080

2013 69,4672014 69,839



Year GDP

2009 $4.52010 NA

2011 4.52012 4.52013 5.6

(1) Based on Purchasing Power Parity calculations, whichtake into account the relative cost of living and inflation ratesof countries. GDP estimate for July for each year shown.NA=Data not available.Source: U.S. Central Intelligence Agency.


28/112


Brazil



Company BRL Mn USD Mn

Itau Seguros S.A. 4,985.7 2,312.4

Porto Seguro Companhia DeSeguros Gerais 4,792.2 2,222.6

MAPFRE Seguros GeraisS.A. 3,982.1 1,846.9

Bradesco Auto/ReCompanhia De Seguros 3,976.7 1,844.4

Allianz Seguros S.A. 3,027.6 1,404.2

Sul America CompanhiaNacional De Seguros 2,927.1 1,357.6

Itau Seguros De Auto EResidencia S.A. 2,182.1 1,012.1

HDI Seguros S.A. 2,161.2 1,002.4CAIXA Seguradora S.A. 1,937.4 898.6

Zurich Minas Brasil SegurosS.A. 1,822.2 845.2




Company BRL Mn USD Mn

Bradesco Vida E PrevidenciaS.A. 19,550.7 9,067.7

Brasilprev Seguros EPrevidencia S.A. 18,046.5 8,370.0

Itau Vida E Previdencia S.A. 13,131.3 6,090.3

Zurich Santander BrasilSeguros E Previdencia S.A. 3,795.1 1,760.2

CAIXA Vida E PrevidenciaS.A. 3,529.4 1,637.0

Companhia De Seguros Alianca Do Brasil 3,168.0 1,469.3Itau Seguros S.A. 1,548.6 718.3

HSBC Vida E Previdencia(Brasil) S.A. 1,375.1 637.8

ICATU Seguros S.A. 1,322.5 613.4

CAIXA Seguradora S.A. 1,055.3 489.5Source: Axco Insurance Information Services


Federacao Nacional das Empresas de Seguros Privadose de CapitalizacaoWeb: www.fenaseg.org.br


Year Population

2011 203,429,7732012 205,716,890

2013 201,009,622



Year GDP

2009 $2,030.02010 2,024.0

2011 2,194.02012 2,284.0

2013 2,422.0(1) Based on Purchasing Power Parity calculations, which takeinto account the relative cost of living and inflation rates ofcountries. GDP estimate for July for each year shown.Source: U.S. Central Intelligence Agency.



Nonlife premiums (1) $39,513Life premiums 49,417Total premiums $88,931Percent of total worldpremiums

1.92%



29/112


Bulgaria



Company BGN Mn USD Mn

Lev Ins 182.1 123.9

Armeec 177.3 120.6BULSTRAD ViennaInsurance Group 172.7 117.5

DZI General Insurance 141.6 96.3 Allianz Bulgaria 128.2 87.2

Euroins 118.4 80.5Bul Ins 106.4 72.4

UNIQA 76.9 52.3Victoria 68.8 46.8

Generali 55.3 37.6Source: Axco Insurance Information Services.



Company BGN Mn USD Mn Allianz Bulgaria Life 68.6 46.6

Bulstrad Life VIG 46.2 31.4UNIQA Life 32.8 22.3

DZI Life 30.5 20.7UBB-Alico 26.4 18.0

SyVZK 25.4 17.3 Alico Bulgaria 19.9 13.5

GRAWE Bulgaria Life 19.1 13.0Generali Life 10.5 7.1

Groupama Life 9.2 6.3Source: Axco Insurance Information Services.


Association of Bulgarian InsurersWeb: www.abz.bg


Year Population

2011 7,093,6352012 7,037,935

2013 6,981,642



Year GDP

2009 $95.92010 90.4

2011 92.22012 101.22013 104.6






0.02%



30/112


Canada



Company CAD Mn USD Mn

Intact Insurance Company 5,347.9 5,352.3

Aviva Insurance Company ofCanada 2,753.4 2,755.6

Security National InsuranceCompany 2,707.2 2,709.4

Wawanesa Mutual InsuranceCompany (The) 2,477.9 2,479.9

Cooperators General InsuranceCompany 2,095.3 2,097.0

Lloyd's Underwriters 2,094.0 2,095.7Economical Mutual InsuranceCompany 1,819.7 1,821.2

Royal & Sun Alliance InsuranceCompany of Canada 1,600.4 1,601.7

State Farm Mutual AutomobileInsurance Company 1,341.0 1,342.0

Dominion of Canada GeneralInsurance Company (The) 1,273.5 1,274.6




Company CAD Mn USD Mn

Great-West Life AssuranceCompany (The) 11,950.6 11,960.3

Manufacturers Life InsuranceCompany (The) 8,752.2 8,759.3

Sun Life Assurance Company ofCanada 8,593.8 8,600.7

Canada Life AssuranceCompany (The) 4,295.5 4,298.9

London Life Insurance Company 3,080.5 3,083.0

RBC Life Insurance Company 1,280.9 1,282.0Standard Life AssuranceCompany of Canada (The) 1,018.6 1,019.4

Empire Life Insurance Company(The) 902.7 903.5

Transamerica Life Canada 805.2 805.9

Co-operators Life InsuranceCompany 794.2 794.9



Insurance Bureau of CanadaWeb: www.ibc.ca


Year Population

2011 34,030,5892012 34,300,083

2013 34,568,2112014 34,834,841



Year GDP

2009 $1,336.02010 NA2011 1,335.02012 1,389.02013 1,518.0

(1) Based on Purchasing Power Parity calculations, whichtake into account the relative cost of living and inflation ratesof countries. GDP estimate for July for each year shown.NA=Data not available.Source: U.S. Central Intelligence Agency.



Nonlife premiums (1) $73,010

Life premiums 52,334Total premiums $125,344Percent of total worldpremiums

2.70%



31/112


32/112


China, People's Republic of



Company CNY Mn USD Mn

PICC Propery andCasualty 223,005.0 35,993.2

Ping An Property andCasualty 115,365.0 18,620.0

CPIC Property 81,613.2 13,172.4China Life Property andCasualty 31,848.5 5,140.4

China United Property 29,711.5 4,795.5

China Continent Propertyand Casualty 19,846.0 3,203.2

Sunshine Property andCasualty 16,598.0 2,678.9

Sinosure (China Exportand Credit InsuranceCorporation)

14,031.2 2,264.6

Taiping General 10,799.8 1,743.1

Tianan Insurance 9,951.0 1,606.1Source: Axco Insurance Information Services.



Company CNY Mn USD Mn

China Life 326,719.9 52,732.9Ping An Life 146,090.9 23,579.2New China Life 103,639.8 16,727.6

China Pacific Life 95,101.2 15,349.4PICC Life 75,273.4 12,149.2

Taikang Life 61,123.9 9,865.4Taiping Life 51,852.8 8,369.1China Post Life 23,037.2 3,718.2Sino Life 22,242.8 3,590.0

Sunshine Life 15,755.8 2,543.0Source: Axco Insurance Information Services.


Insurance Association of ChinaWeb: www.iachina.cn


Year Population

2011 1,336,718,0152012 1,343,239,923

2013 1,349,585,838

2014 1,355,692,576(1) Estimated.Source: U.S. Central Intelligence Agency.


Year GDP

2009 $7,800.02010 8,791.0

2011 9,872.0

2012 11,300.02013 13,370.0





5.99%



33/112


Colombia



Company COP Mn USD Mn

Suramericana 1,298,712.5 722.8

Colpatria 772,205.9 429.7Liberty 730,081.2 406.3

Allianz 717,546.3 399.3Estado 595,809.8 331.6

MAPFRE 583,298.5 324.6Previsora 580,698.5 323.2Bolivar 480,588.2 267.5QBE 480,134.4 267.2

RSA 366,756.3 204.1Source: Axco Insurance Information Services.



Company COP Mn USD Mn

Suramericana 1,743,500.0 970.3Bolivar 889,400.7 495.0MAPFRE 783,014.8 435.8 Alfa 766,401.1 426.5 ARP Sura 576,066.4 320.6

Positiva 528,948.6 294.4 Allianz 436,242.9 242.8Colmena 372,007.2 207.0Colpatria 367,485.2 204.5

BBVA Seguros 189,228.2 105.3Source: Axco Insurance Information Services.


The Colombian Association of Insurance Agents Asociacion Colombiana de Agentes de SegurosWeb: www.acoas.com.co


Year Population

2011 44,725,5432012 45,239,079

2013 45,745,783



Year GDP

2009 $407.22010 400.3

2011 431.9

2012 467.02013 526.5






0.22%

(1) Includes accident and health insurance.Source: Swiss Re, sigma , No. 3/2014


34/112


Costa Rica



Company CRC Mn USDMn

INS 233,040.3 466.3

ASSA Compania deSeguros 17,521.7 35.1

MAPFRE Seguros CostaRica 5,420.4 10.9

Qualitas Compania deSeguros (Costa Rica) 2,916.2 5.8

Aseguradora del Istmo(ADISA) 607.7 1.2

Aseguradora SagicorCosta Rica 187.8 0.4

Oceánica de Seguros S.A 69.8 0.1Source: Axco Insurance Information Services.



Company CRC MnUSDMn

INS 229,157.1 458.5PAN AMERICAN LifeInsurance 14,341.8 28.7

Aseguradora del Istmo(ADISA) 6,008.4 12.0

MAPFRE Seguros CostaRica 3,383.0 6.8

Seguros del Magisterio 2,130.6 4.3

ASSA Compania deSeguros 1,243.6 2.5

Atlantic SouthernInsurance Company 904.3 1.8

Best Meridian InsuranceCompany 648.2 1.3

Aseguradora SagicorCosta Rica 248.5 0.5



Instituto Nacional de SegurosWeb: www.ins-cr.com


Year Population

2011 4,576,5622012 4,636,348

2013 4,695,942



Year GDP

2009 $49.72010 48.2

2011 51.62012 54.5

2013 61.4(1) Based on Purchasing Power Parity calculations, whichtake into account the relative cost of living and inflation ratesof countries. GDP estimate for July for each year shown.Source: U.S. Central Intelligence Agency.





0.02%



35/112


Croatia



Company HRK Mn USD Mn

Croatia 2,269.0 397.7

Euroherc 970.3 170.1 Allianz Zagreb 708.1 124.1Jadransko 626.1 109.8Triglav 290.7 51.0Wiener Vienna Insurance

Group282.1 49.5

Generali 245.9 43.1

Basler osig. Zagreb 209.6 36.7HOK 195.9 34.3

Uniqa 150.7 26.4Source: Axco Insurance Information Services.



Company HRK Mn USD Mn

Allianz Zagreb 471.4 82.6

Croatia 356.1 62.4Wiener Vienna InsuranceGroup 270.2 47.4

Grawe Hrvatska 246.0 43.1Merkur 243.5 42.7

Agram zivotno 205.6 36.0Basler osig. Zagreb 192.3 33.7Erste VIG 139.3 24.4Uniqa 127.3 22.3

Generali 119.9 21.0Source: Axco Insurance Information Services.


Croatian Insurance BureauHrvatski Ured Za OsiguranjeWeb: www.huo.hr


Year Population

2011 4,483,8042012 4,480,043

2013 4,475,611



Year GDP

2009 $73.42010 79.2

2011 78.5

2012 80.92013 78.9




Nonlife premiums (1) $1,146Life premiums 445Total premiums $1,591Percent of total worldpremiums

0.03%



36/112


Cyprus




General Insurance ofCyprus 56.2 74.7

CNP Asfalistiki 54.1 71.8Pancyprian 31.7 42.0Universal Life 30.3 40.3

Atlantic 24.0 31.8

AIG 23.5 31.2Cosmos 20.1 26.7

Trust 18.1 24.1 Alpha 15.2 20.1

Prime 14.9 19.8Source: Axco Insurance Information Services.



Company EUR Mn USD MnEurolife 90.7 120.4

CNP Cyprialife 81.0 107.6Universal Life 45.5 60.4

Metlife Alico 25.0 33.2Prime 22.8 30.3

Allianz Hellas 20.6 27.4 Alpha 15.1 20.0

Hellenic Alico 11.4 15.2Ethniki Insurance 5.8 7.7

Minerva 1.4 1.8Source: Axco Insurance Information Services.


Insurance Association of CyprusWeb: www.iac.org.cy


Year Population

2011 1,120,4892012 1,138,071

2013 1,155,4032014 1,172,458



Year GDP

2009 $23.12010 22.92011 23.22012 23.82013 21.6






0.02%



37/112


Czech Republic



Company CZK Mn USDMn

Ceska pojistovna as 18,430.9 941.8Kooperativa, pojistovna, as 15,734.2 804.0

Allianz pojistovna, as 7,168.7 366.3Generali Pojistovna as 5,022.3 256.6Ceska podnikatelskapojistovna, as 4,693.3 239.8

CSOB Pojistovna, as, clenholdingu CSOB 4,423.7 226.0

UNIQA pojistovna, as 4,311.2 220.3BNP Paribas CardifPojistovna, as 2,025.8 103.5

AXA pojistovna as 757.0 38.7Triglav pojistovna,as 734.9 37.6




Company CZK Mn USDMn

Ceska pojistovna as 10,418.9 532.4Kooperativa, pojistovna, as 6,643.4 339.5Pojistovna ceske sporitelny, as 5,988.9 306.0

ING zivotni pojistovna NV,pobocka pro ceskou republiku 4,857.6 248.2

CSOB Pojistovna, as, clen

holdingu CSOB2,982.4 152.4

Allianz pojistovna, as 2,946.2 150.5Generali Pojistovna as 2,798.8 143.0

MetLife pojistovna as 2,416.8 123.5Komercni pojistovna, as 1,541.8 78.8

AXA zivotni pojistovna as 1,441.4 73.7Source: Axco Insurance Information Services.


Czech Insurance AssociationCeska Asociace PojistovenWeb: www.cap.cz


Year Population

2011 10,190,2132012 10,177,300

2013 10,162,921



Year GDP

2009 $273.72010 256.7

2011 262.82012 272.2





0.17%



38/112


Denmark



Company DKK Mn USD Mn

Tryg Skade 20,202.6 3,487.7

Codan Forsikring 7,906.1 1,364.9Topdanmark 6,428.6 1,109.8

Alm. Brand Forsikring 4,766.8 822.9Sygeforsikring Danmark 2,711.3 468.1

LB Forsikring 2,273.5 392.5Danske Forsikring 1,864.2 321.8 Alka 1,857.6 320.7GF-Forsikring 1,536.5 265.3

Alpha Insurance 1,462.0 252.4Source: Axco Insurance Information Services.



Company DKK Mn USD Mn

PFA Pension 20,221.3 3,491.0Danica Pension 16,638.2 2,872.4Nordea Liv & Pension A/S 13,959.4 2,409.9PensionDanmark 10,653.5 1,839.2SAMPENSION KPLivforsikring 7,836.6 1,352.9

IndustriensPensionsforsikring 6,999.3 1,208.4

AP Pension 6,876.9 1,187.2

Pen-Sam Liv 4,980.7 859.9SEB Pensionsforsikring 4,362.5 753.1

Laerernes Pension 4,224.2 729.3Source: Axco Insurance Information Services.


Danish Insurance AssociationForsikring & PensionWeb: www.forsikringogpension.dk


Year Population

2011 5,529,8882012 5,543,453

2013 5,556,452



Year GDP

2009 $213.62010 197.7

2011 201.42012 208.8





0.74%



39/112


Dominican Republic



Company DOP Mn USD Mn

Universal 6,086.3 145.6

Banreservas 3,804.3 91.0MAPFRE 3,516.5 84.1Sura 2,708.1 64.8Colonial 2,443.3 58.4Constitucion 1,252.0 30.0

Monumental 644.4 15.4Pepin 592.5 14.2General 271.4 6.5Dominicana 248.5 5.9




Company DOP Mn USD Mn

Universal 2,400.8 57.4Banreservas 1,081.9 25.9MAPFRE 954.0 22.8Colonial 768.6 18.4Scotia Seguros 750.3 18.0

Worldwide 679.7 16.3Sura 368.6 8.8

Vivir (Unido) 176.8 4.2BMI 132.7 3.2Constitucion 129.3 3.1



Dominican Association of Insurers and ReinsurersCamara Dominicana de Aseguradores yReaseguradores Inc.Web: www.cadoar.org.do


Year Population

2011 9,956,6482012 10,088,598

2013 10,219,630



Year GDP

2009 $83.32010 78.9

2011 84.9

2012 93.22013 101.0






0.02%



40/112


Ecuador



Company USD Mn

Equinoccial 235.3

Colonial 199.5Sucre 187.5

ACE Seguros 185.8MAPFRE-ATLAS 83.0

AIG Metropolitana 79.9Liberty Seguros 73.8Seguros Unidos 67.3

Aseguradora Del Sur 58.4

Latina Seguros 55.5Source: Axco Insurance Information Services.



Company USD Mn

Seguros De Pichincha 99.8Equivida 50.3

ACE Seguros 30.1Pan American LifeInsurance 25.8

Ecuatoriano Suiza 21.0

Sucre 20.8Liberty Seguros 19.3

Colvida 18.7Coopseguros 12.3 AIG Metropolitana 11.1Source: Axco Insurance Information Services.


Asociacion de Companias de Seguros del EcuadorWeb: www.acose.org


Year Population

2011 15,007,3432012 15,223,680

2013 15,439,429



Year GDP

2009 $107.02010 107.1

2011 115.3

2012 124.82013 157.6




Nonlife premiums (1) $1,377Life premiums 282


0.04%



41/112


Egypt



Company EGP Mn USD Mn

Misr 3,290.9 543.4

Suez Canal 384.0 63.4 Arab Misr 301.4 49.8Bupa International Egypt 270.7 44.7

AIG Egypt 257.8 42.6 Allianz Egypt 239.3 39.5

Egyptian Takaful 220.5 36.4Delta 215.6 35.6Royal 211.0 34.8Egyptian Saudi InsuranceHouse 158.5 26.2




Company EGP Mn USD MnMisr Life 1,684.8 278.2

CIL 1,069.6 176.6 Allianz Life 953.4 157.4

Pharaonic American Life(MetLife Alico) 288.6 47.7

Suez Canal 194.5 32.1NSGB Life 154.3 25.5Delta 124.8 20.6Egyptian Life Takaful 85.5 14.1

Mohandes 59.8 9.9Nile Family Takaful 8.6 1.4



Insurance Federation of Egypt Web: www.ifegypt.org


Year Population

2011 82,079,6362012 83,688,164

2013 85,294,388



Year GDP

2009 $452.52010 470.4

2011 500.92012 515.4

2013 551.4(1) Based on Purchasing Power Parity calculations, which takeinto account the relative cost of living and inflation rates ofcountries. GDP estimate for July for each year shown.Source: U.S. Central Intelligence Agency.




0.04%



42/112


El Salvador

LEADING INSURANCE COMPANIES, 2012


Company USD Mn

SISA VIDA, Seguros dePersonas 74.2

Aseguradora AgricolaComercial SA (ACSA) 73.8

La Centro Americana 61.5

ASESUISA VIDA, Seguros dePersonas 58.5

Seguros e Inversiones 38.9 Aseguradora SuizaSalvadorena 35.6

CHARTIS VIDA, Seguros dePersonas 32.2

Scotia Seguros 32.2Pan American Life Insurance 20.5

Seguros Comerciales Bolivar 19.1Source: Axco Insurance Information Services.


Asociacion Salvadorena de Empresas de SegurosWeb: www.ases.com.sv


Year Population

2011 6,071,7742012 6,090,646

2013 6,108,5902014 6,125,512



Year GDP

2009 NA2010 $43.22011 44.02012 44.82013 47.5

(1) Based on Purchasing Power Parity calculations, which takeinto account the relative cost of living and inflation rates ofcountries. GDP estimate for July for each year shown.NA=Data not available.Source: U.S. Central Intelligence Agency.



Nonlife premiums (1) $364

Life premiums 188Total premiums $552Percent of total worldpremiums 0.01%



43/112


Finland




Pohjola 990.1 1,272.1

If P&C 924.7 1,188.1Tapiola 680.3 874.1

Fennia 375.6 482.6Mutual Insurance

Associations 213.5 274.4

Lahivakuutus (Local

Insurance MutualCompany) 148.2 190.4

AVakuutus Oy 100.0 128.5

Pohjantahti 87.9 113.0Turva 84.0 107.9

Aktia 71.2 91.5Source: Axco Insurance Information Services.




Nordea Life 1,184.7 1,522.2

Mandatum Life 947.0 1,216.8OP Life 840.7 1,080.1

Tapiola Life 326.4 419.4 Aktia Life 111.3 143.0Fennia Life 90.5 116.3Duo 67.5 86.8Kaleva 57.4 73.8

Suomi 56.4 72.4 Aurum 45.0 57.8



Federation of Finnish Insurance CompaniesWeb: www.vakes.fi


Year Population

2011 5,259,2502012 5,262,930

2013 5,266,114



Year GDP

2009 $201.22010 181.4

2011 187.6

2012 195.62013 195.5






0.59%



44/112


France




Covéa (MAAF, MMA,GMF) 9,600.0 12,334.7

GROUPAMA 8,000.0 10,278.9SFEREN 7,800.0 10,021.9 AXA 6,800.0 8,737.1 Allianz France 5,700.0 7,323.7GENERALI France 4,300.0 5,524.9

Groupe Crédit Agricole Assurance 2,500.0 3,212.2

BNP Paribas Cardif 670.0 860.9Société GénéraleInsurance 400.0 513.9

Covéa (MAAF, MMA,GMF) 9,600.0 12,334.7



Gross written premiumsCompany EUR Mn USD Mn

CNP Assurances 21,500.0 27,624.5Groupe Credit Agricole

Assurances 16,200.0 20,814.8

AXA 14,400.0 18,502.0BNP Paribas Cardif 10,200.0 13,105.6Generali France 9,400.0 12,077.7

SOGECAP 8,400.0 10,792.8 Allianz France 7,900.0 10,150.4

Covea (MAAF, MMA,GMF) 3,600.0 4,625.5

Groupama 3,200.0 4,111.6

SFEREN 2,600.0 3,340.6Source: Axco Insurance Information Services.


Insurance FederationFederation Française des Societes d'AssurancesWeb: www.ffsa.fr


Year Population

2011 65,312,2492012 65,630,692

2013 65,951,611



Year GDP

2009 $2,097.02010 2,113.0

2011 2,160.0

2012 2,214.02013 2,273.0


LIFE AND NO NLIFE INSURANCE PREMIUMS, 2013(U.S. $ millions)



Total premiums $242,459Percent of total worldpremiums 5.26%



45/112


Germany




Allianz Vers 9,046.0 11,622.9

AXA Vers 3,694.0 4,746.3R+V Allgemeine Vers 3,143.0 4,038.3

HDIGerling Industrie 3,032.0 3,895.7 Allianz Global Ag 2,964.0 3,808.3

Ergo Versicherung 2,719.0 3,493.5LVM Sach 1,757.0 2,257.5Generali Versicherung 1,706.0 2,192.0Wuertt Vers 1,477.0 1,897.7

PensionsSicherungsV 1,474.0 1,893.9Source: Axco Insurance Information Services.




Allianz leben 14,558.0 18,705.0R+V Lebensvers 4,725.0 6,071.0

AachenMuenchener Leben 4,479.0 5,754.9Generali Leben 4,053.0 5,207.6Zurich Dtsch. Herold 3,713.0 4,770.7

Debeka Leben 3,513.0 4,513.7Ergo Leben Ag 3,253.0 4,179.7Cosmos Leben 2,791.0 3,586.1Nuernbgerger Leben 2,383.0 3,061.8

Bayern-Versicherung 2,282.0 2,932.1Source: Axco Insurance Information Services.


German Insurance AssociationGesamtverband der DeutschenVersicherungswirtschaft eVWeb: www.gdv.de


Year Population

2011 81,471,8342012 81,305,856

2013 81,147,265



Year GDP

2009 $2,863.02010 2,812.0

2011 2,960.0

2012 3,085.02013 3,227.0






5.33%



46/112


Greece




Ethniki 295.4 379.6

Interamerican Property 220.8 283.7Intersalonika General 152.8 196.4

ERGO General 136.2 175.1 ATE Insurance 132.0 169.6

European Reliance 130.9 168.2Idrogios General 122.6 157.6 AXA 119.9 154.1 Allianz Hellas 113.8 146.2

Groupama Phoenix 107.8 138.5Source: Axco Insurance Information Services.




Ethniki 335.5 431.1ING Life 306.9 394.4MetLife Alico Life 263.1 338.1Eurolife ERB Life 242.0 310.9Interamerican Life 200.3 257.4

Credit Agricole Life 160.4 206.1 Allianz Hellas 88.6 113.9 AXA 74.8 96.1Groupama Phoenix 60.1 77.2

Generali Hellas 58.1 74.7Source: Axco Insurance Information Services.


Association of Insurance Companies of GreeceWeb: www.eaee.gr/cms/


Year Population

2011 10,760,1362012 10,767,827

2013 10,772,967



Year GDP

2009 $351.32010 339.2

2011 321.7

2012 305.62013 267.1






0.11%



47/112


Guatemala

LEADING LIFE AND NONLIFE INSURANCECOMPANIES, 2013


Company GTQ Mn USD Mn

Seguros El Roble, S. A. 1,356.1 172.6

Seguros G&T, S. A. 1,162.0 147.9 Aseguradora General, S. A. 529.6 67.4

MAPFRE SegurosGuatemala, S. A. 341.2 43.4

Seguros Universales, S. A. 334.3 42.6 Aseguradora Rural, S. A. 313.2 39.9Pan-American LifeInsurance de Guatemala,Compania de Seguros

273.7 34.8

Credito HipotecarioNacional de Guatemala 236.2 30.1

Seguros Agromercantil, S. A. 182.5 23.2

Seguros de Occidente, S. A. 174.4 22.2

(1) Includes life and nonlife.



Guatemalan Insurance AssociationWeb: www.agis.com.gt/


Year Population

2011 13,824,4632012 14,099,032

2013 14,373,4722014 14,647,083



Year GDP

2012 $74.62013 81.5






0.01%



48/112


Hong Kong



Company HDK Mn USD Mn

AXA General 3,501.1 450.6

Zurich Insurance 2,615.0 336.6Bupa 2,094.2 269.5

BOC Group Insurance 1,783.7 229.6CTPI(HK) 1,782.0 229.4

AIG Insurance HK 1,712.7 220.4QBE HKSI 1,423.0 183.1 Asia Insurance 1,415.9 182.2CNOOC Insurance 1,409.4 181.4

MSIG Insurance 1,082.0 139.3Source: Axco Insurance Information Services.



Company HDK Mn USD Mn

HSBC Life 43,190.0 5,558.6 AIA International 32,931.7 4,238.3Prudential (UK) 27,132.9 3,492.0Manulife (Int'l) 20,294.9 2,612.0China Life 19,513.0 2,511.3

BOC Group Life 17,981.7 2,314.2 AXA China (Bermuda) 13,582.7 1,748.1Hang Seng Insurance 11,141.2 1,433.9FWD Life 8,015.9 1,031.6

Sun Life Hong Kong 6,385.9 821.9Source: Axco Insurance Information Services.


Hong Kong Federation of InsurersWeb: www.hkfi.org.hk


Year Population

2011 7,122,5082012 7,153,519

2013 7,182,724



Year GDP

2009 $318.22010 301.32011 327.02012 353.72013 381.7






0.78%



49/112


Hungary



Company HUF Mn USD Mn

Allianz Hungaria 79,868.9 357.0

Generali-Providencia 70,999.6 317.4 Aegon 44,823.9 200.4

Groupama Garancia 43,886.7 196.2UNIQA 30,940.8 138.3

Union 25,415.9 113.6K&H 17,756.2 79.4 AIG 7,820.8 35.0MP Hungarian Post 7,703.1 34.4

KOBE 7,089.1 31.7Source: Axco Insurance Information Services.



Company HUF Mn USD Mn

ING 70,961.2 317.2MPE Hungarian Post Life 50,485.8 225.7

Allianz 49,494.5 221.3Groupama Garancia 46,167.8 206.4Generali-Providencia 39,035.2 174.5

Aegon 36,803.0 164.5UNIQA 29,590.5 132.3MetLife (AVIVA) 18,847.5 84.3CIG 16,715.3 74.7

Erste 15,800.7 70.6Source: Axco Insurance Information Services.


Association of Hungarian Insurance CompaniesMABISZWeb: www.mabisz.hu


Year Population

2011 9,976,0622012 9,958,453

2013 9,939,470



Year GDP

2009 $205.72010 186.3

2011 190.02012 195.9





0.08%



50/112


India



Company INR Mn USD Mn

New India 100,379.5 1,878.5

United India 92,660.4 1,734.0National 91,657.3 1,715.2

Oriental 65,524.0 1,226.2ICICI Lombard 61,339.9 1,147.9

Bajaj Allianz 40,014.0 748.8IFFCO Tokio 25,650.3 480.0HDFC Ergo 24,532.0 459.1Tata AIG 21,350.8 399.6

Reliance General 17,125.6 320.5Source: Axco Insurance Information Services.



Company INR Mn USD Mn

LIC 2,088,035.8 35,510.8ICICI Prudential 135,382.4 2,302.4HDFC Standard 113,226.8 1,925.6SBI Life 104,500.3 1,777.2Bajaj Allianz 68,927.0 1,172.2

Max Life 66,387.0 1,129.0Birla Sun Life 52,163.0 887.1Reliance 40,453.9 688.0Kotak Mahindra 27,777.8 472.4

TATA AIA 27,604.3 469.5Source: Axco Insurance Information Services.


Insurance Institute of IndiaWeb: www.insuranceinstituteofindia.com


Year Population

2011 77,891,2202012 78,868,711

2013 79,853,900

2014 1,236,344,631(1) Estimated.Source: U.S. Central Intelligence Agency.


Year GDP

2009 $3,319.02010 3,561.0

2011 4,046.02012 4,463.0

2013 4,962.0(1) Based on Purchasing Power Parity calculations, which takeinto account the relative cost of living and inflation rates ofcountries. GDP estimate for July for each year shown.Source: U.S. Central Intelligence Agency.




1.41%



51/112


Indonesia



Company IDR Mn USD Mn

Sinar Mas 3,444,862.6 367.0

Astra Buana 2,992,196.5 318.8Jasa Indonesia (Jasindo)Persero 2,867,632.2 305.5

Central Asia 2,013,799.0 214.5Wahana Tata 1,628,089.2 173.5 Adira Dinamika 1,550,605.6 165.2

Tugu Pratama Indonesia 1,501,494.1 160.0MSIG Indonesia 1,162,178.3 123.8Bangun Askrida 1,141,930.3 121.7Bina Dana Arta 924,850.2 98.5




Company IDR Mn USD Mn

Allianz Life Indonesia 47,279,571.0 5,036.9Jiwa Sinar Mas MSIG 18,797,931.0 2,002.6Prudential Life Assurance 18,136,902.0 1,932.2Jiwa Manulife Indonesia 8,413,969.0 896.4Indolife Pensiontama 6,279,758.0 669.0

Axa Mandiri FinancialServices 5,670,374.0 604.1

Jiwa BersamaBumiputera 1912 5,453,460.0 581.0

Jiwasraya (Persero) 5,174,636.0 551.3

AIA Financial 5,097,517.0 543.1Jiwa Mega Life 3,724,326.0 396.8



Insurance and Reinsurance Broker Association ofIndonesia

Asosiasi Broker Asuransi dan Reasuransi IndonesiaWeb: www.apparindo.or.id


Year Population

2011 245,613,0432012 248,216,193

2013 251,160,124



Year GDP

2009 $932.12010 968.5

2011 1,033.0

2012 1,121.02013 1,285.0





0.40%



52/112


Iran



Company IRR Mn USD Mn

Bimeh Iran 40,017,526.0 3,769.4

Bimeh Asia 10,094,598.0 950.9Bimeh Alborz 5,297,625.0 499.0

Bimeh Parsian 5,021,191.0 473.0Bimeh Dana 4,632,579.0 436.4

Bimeh Tosee 3,599,837.0 339.1Bimeh Karafarin 2,630,728.0 247.8Bimeh Sina 2,316,118.0 218.2Bimeh Mellat 2,089,770.0 196.9

Bimeh Day 2,069,740.0 195.0Source: Axco Insurance Information Services.


Central Insurance of IranWeb: www.centinsur.ir


Year Population

2011 77,891,2202012 78,868,711

2013 79,853,900



Year GDP

2009 $859.72010 876.0

2011 863.52012 928.9





0.21%



53/112


Ireland




Aviva Insurance (Europe) 421.9 586.5

RSA Insurance 377.6 525.0Quinn Insurance 322.9 448.9

AXA 310.5 431.6 Allianz Plc 306.7 426.4

FBD 303.1 421.4Zurich Insurance plc 135.0 187.6 Aviva Health 91.5 127.2Chartis Insurance Ireland 80.0 111.3

Irish Public 79.7 110.8Source: Axco Insurance Information Services.

LEADING INSURANCE COMPANIES, 2011



Irish Life 3,253.1 4,522.2New Ireland 1,569.5 2,181.9Zurich Life Assurance 1,215.7 1,689.9 Aviva Life & Pensions 610.2 848.2 Ark 564.6 784.9

Canada Life Ass. (Ireland) 435.0 604.6Friends First Man. Pen.Funds 311.8 433.4

Friends' First Life Ass.Co. 125.8 174.9

Acorn 68.3 95.0

ECCU 48.6 67.5Source: Axco Insurance Information Services.


Irish Insurance FederationWeb: www.iif.ie


Year Population

2011 4,670,9762012 4,722,028

2013 4,775,982



Year GDP

2009 $198.52010 177.0

2011 172.3

2012 182.12013 190.4






1.20%



54/112


Israel



Company ILS Mn USD Mn

Harel 3,502.3 978.8

The Phoenix 2,354.7 658.1Clal 2,149.2 600.6

Menora Mivtachim 1,582.9 442.4Migdal 1,457.9 407.5

Ayalon 1,006.6 281.3IDI 921.5 257.5ILD 718.6 200.8Eliahu 663.8 185.5

AIG 643.3 179.8Source: Axco Insurance Information Services.



Company ILS Mn USD Mn

Migdal 7,189.4 2,009.3Clal 4,645.2 1,298.2The Phoenix 4,019.7 1,123.4Harel 3,586.1 1,002.2Menora Mivtachim 1,789.9 500.2

Clal Health 774.7 216.5Dykla 622.4 174.0I.L.D 394.8 110.4

Ayalon 324.8 90.8

Eliahu 282.2 78.9Source: Axco Insurance Information Services.


Israel Insurance AssociationWeb: www.igudbit.org.il


Year Population

2011 7,473,0522012 7,590,758

2013 7,707,042



Year GDP

2009 $205.72010 205.2

2011 217.1

2012 235.12013 274.5






0.29%



55/112


Italy




Unipol Assicurazioni 3,654.5 4,695.5

Allianz 3,540.3 4,548.8Fondiaria Sai 3,467.9 4,455.8

Assicurazioni Generali 3,210.4 4,125.0Compagnia Di Ass. DiMilano 2,454.8 3,154.1

Ina Assitalia 1,650.1 2,120.1

Alleanza Toro 1,646.3 2,115.2Società Cattolica 1,468.3 1,886.6

Axa Assicurazioni 1,448.3 1,860.9Società Reale Mutua 1,392.

International Insurance Factbook 2015

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Transcript of International Insurance Factbook 2015