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2015

TABLE OF CONTENTS
To the Reader
About Axco Insurance Information Services
About Swiss Re

1
2
2

Chapter 1: World Overview

Chapter 2: World Rankings

12

Chapter 3: Country Profiles

16

Appendices
International Insurance Organizations
I.I.I. Staff

108
108
110

To The Reader
In response to the globalization of the insurance business and the need for readily available data
on world insurance, the Insurance Information Institute produces a Fact Book for international
insurance statistics.
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
Insurance Information Services (http://www.axcoinfo.com), a London-based insurance
information service, and Swiss Re (http://www.swissre.com), which publishes the international
research journal, sigma. The information included, which covers some 90 countries, comes from
a variety of other sources as well. We have attempted to standardize the information as much as
possible.
We hope you find this Fact Book useful.
Robert P. Hartwig, Ph.D., CPCU
President
Insurance Information Institute
110 William Street
New York, NY 10038
212 346-5500
http://www.iii.org

2015 International Insurance Fact Book

updates at www.iii.org/international/

About Axco Insurance Information Services


Axco Insurance Information Services is the leading supplier of global insurance and employee
benefits market information. With over 40 years experience in researching and delivering
insurance industry intelligence, Axco provides business-critical compliance and market data on
no-life, life and benefits, personal accident, healthcare and employee benefits markets across the
globe. Axcos unique business model and methods of research have developed an extensive suite
of products comprising in-depth reports, focused profiles, Q&A databases, intelligent
questioning tools, and email services. Axco products are delivered to every corner of the globe
and Axco is committed to continually improving its technical capabilities, enhancing existing
products in both content and design, and developing new and innovative methods of
information delivery. From Argentina to Zambia, Axco secures information on a market by
market basis to deliver the most accurate, relevant and up-to-date information available to its
client base of the worlds foremost insurers, reinsurers, brokers, risk managers, catastrophe
modellers and employee benefits specialists.
For further information see http://www.axcoinfo.com.

About Swiss Re
Swiss Re is one of the world's leading reinsurers, operating through more than 70 offices in over
30 countries. The company has been in the reinsurance business since its foundation in Zurich,
Switzerland, in 1863. Through its three business groups Property & Casualty, Life & Health and
Financial Services, Swiss Re offers a wide variety of products to manage capital and risk.
Traditional reinsurance products, including a broad range of property and casualty as well as life
and health covers and related services, are complemented by insurance-based corporate finance
solutions and supplementary services for comprehensive risk management.
For further information see http://www.swissre.com.

2015 International Insurance Fact Book

updates at www.iii.org/international/

Chapter 1: World Overview

World Overview
WORLD LIFE AND NONLIFE INSURANCE IN 2013
Outside the United States, the insurance industry is divided into life and nonlife, or general insurance, rather than
life/health and property/casualty. World insurance premiums rose 1.4 percent in 2013, adjusted for inflation, following
a 2.5 percent inflation-adjusted increase in 2012, according to Swiss Res latest study of world insurance. Nonlife
premiums rose 2.3 percent in 2013, adjusted for inflation, following 2.7 percent growth in 2012. Life insurance
premiums 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 world
gross domestic product (GDP). Premiums accounted for 17.6 percent of GDP in Taiwan, the highest share in the
Swiss Re study, followed by 15.4 percent in South Africa, 13.2 percent in Hong Kong, 12.6 percent in the Netherlands
and 11.9 percent in South Korea. Premiums represented 7.5 percent of GDP in the United States, the 10th highest
share in the study.
WORLD LIFE AND NONLIFE INSURANCE
PREMIUMS, 2011-2013 (1)
(Direct premiums written, U.S. $ millions)
Year

Life

Nonlife (2)

Total

2011

$2,611,718

$1,954,445 $4,566,163

2012

2,630,274

1,968,677

4,598,951

2013

2,608,091

2,032,850

4,640,941

A 2012 Swiss Re study put global commercial


insurance 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 ($31
billion), the United Kingdom ($28 billion) and
Germany ($27 billion).

(1) Before reinsurance transactions.


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

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

Country

United States (3), (4)

2
3

Life
premiums

Nonlife
premiums (2)

Amount

Percent change
from prior year

Percent of total
world premiums

$532,858

$726,397

$1,259,255

-1.1%

27.13%

Japan (5), (6)

422,733

108,773

531,506

-15.2

11.45

United Kingdom (6)

222,893

106,750

329,643

2.4

7.10

P.R. China (4)

152,121

125,844

277,965

13.3

5.99

France (7)

160,156

94,598

254,754

7.2

5.49

Germany (7)

114,349

132,813

247,162

6.3

5.33

Italy (4)

117,978

50,576

168,554

17.1

3.63

South Korea (5), (6)

91,204

54,223

145,427

-4.9

3.13

Canada (6), (8)

52,334

73,010

125,344

0.6

2.70

Netherlands (4)

26,005

75,135

101,140

5.5

2.18

10

(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.

2015 International Insurance Fact Book

updates at www.iii.org/international/

(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

Nonlife
premiums (1)

Algeria
Angola

$1,342

Life
premiums
$98

Amount

Percent of total
world premiums

$1,440

0.03%

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

0.48

Bahamas

539

154

693

0.01

Bahrain

515

173

688

0.01

Belarus

706

42

748

0.02

Belgium

16,578

22,430

39,008

0.84

Brazil

39,513

49,417

88,931

1.92

Bulgaria

947

183

1,129

0.02

Canada

73,010

52,334

125,344

2.70

Chile

4,726

6,986

11,712

0.25

Colombia

6,439

3,632

10,070

0.22

897

139

1,036

0.02

1,146

445

1,591

0.03

Costa Rica
Croatia
Cyprus

632

456

1,088

0.02

4,341

3,657

7,998

0.17

11,366

22,981

34,347

0.74

619

120

739

0.02

Ecuador

1,377

282

1,659

0.04

Czech Republic
Denmark
Dominican Republic
Egypt

1,051

800

1,851

0.04

Finland

5,243

22,363

27,606

0.59

France

94,598

160,156

254,754

5.49

132,813

114,349

247,162

5.33

3,116

2,143

5,259

0.11

Germany
Greece
Guatemala

544

135

679

0.01

Hong Kong

4,016

32,059

36,075

0.78

Hungary

1,566

1,938

3,504

0.08

13,401

52,174

65,576

1.41

4,254

14,141

18,395

0.40

India
Indonesia

2015 International Insurance Fact Book

updates at www.iii.org/international/

Total premiums
Country

Nonlife
premiums (1)

Life
premiums

Amount

Percent of total
world premiums

Iran

8,878

796

9,675

0.21

Ireland

8,851

46,929

55,780

1.20

Israel

6,170

7,329

13,499

0.29

50,576

117,978

168,554

3.63

437

246

683

0.01

108,773

422,733

531,506

11.45

620

66

686

0.01

Kazakhstan

1,292

372

1,664

0.04

Kenya

1,000

520

1,520

0.03

Kuwait

770

182

952

0.02

Italy
Jamaica
Japan
Jordan

1,005

469

1,475

0.03

Liechtenstein

Lebanon

992

2,643

3,635

0.08

Luxembourg

3,822

25,904

29,726

0.64

Malaysia

5,161

9,985

15,146

0.33

Malta

2,107

1,365

3,472

0.07

212

476

688

0.01

Mexico

14,884

12,470

27,354

0.59

Morocco

2,157

1,023

3,180

0.07

Namibia

279

664

944

0.02

75,135

26,005

101,140

2.18

Mauritius

Netherlands
New Zealand

9,219

1,694

10,913

0.24

Nigeria

1,406

457

1,863

0.04

Norway

10,238

13,909

24,147

0.52

Oman

859

88

947

0.02

Pakistan

619

1,048

1,667

0.04

Panama

965

280

1,244

0.03

Peru

1,806

1,548

3,354

0.07

Philippines

1,233

4,060

5,293

0.11

Poland

9,729

8,355

18,084

0.39

Portugal

5,118

14,087

19,205

0.41

125,844

152,121

277,965

5.99

Qatar

1,407

64

1,471

0.03

Romania

1,935

547

2,482

0.05

25,755

2,666

28,421

0.61

6,105

256

6,360

0.14

601

141

742

0.02

Singapore

2,870

15,092

17,962

0.39

Slovakia

1,398

1,343

2,741

0.06

PR China

Russia
Saudi Arabia
Serbia

2015 International Insurance Fact Book

updates at www.iii.org/international/

Total premiums
Nonlife
premiums (1)

Country

Life
premiums

Amount

Percent of total
world premiums

Slovenia

1,892

801

2,693

0.06

South Africa

9,565

44,556

54,121

1.17

South Korea

54,223

91,204

145,427

3.13

Spain

38,647

33,862

72,510

1.56

442

333

775

0.02

Sri Lanka
Sweden

10,614

30,865

41,478

0.89

Switzerland

28,370

34,227

62,597

1.35

Taiwan

15,964

75,013

90,977

1.96

6,663

14,798

21,461

0.46

572

349

921

0.02

Thailand
Trinidad and Tobago
Tunisia

699

131

830

0.02

Turkey

10,699

1,761

12,460

0.27

Ukraine

3,276

310

3,586

0.08

United Arab Emirates

6,026

1,933

7,959

0.17

United Kingdom

106,750

222,893

329,643

7.10

United States

726,397

532,858

1,259,255

27.13

865

348

1,213

0.03

13,290

444

13,733

0.30

1,131

984

2,115

0.05

10,084

3,069

13,154

0.28

$2,032,850 $2,608,091 $4,640,941

100.00%

Uruguay
Venezuela
Vietnam
Other
World
(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

8,223,062

94

Austria
Azerbaijan

9,686,210

91

166,280,712

Belarus

9,608,058

92

Belgium

10,449,361

83

Benin

10,160,556

87

Bangladesh

2015 International Insurance Fact Book

updates at www.iii.org/international/

Country

Population (1)

Rank

Bolivia

10,631,486

81

Brazil

202,656,788

Burkina Faso

18,365,123

59

Burma

55,746,253

24

Burundi

10,395,931

85

Cambodia

15,458,332

68

Cameroon

23,130,708

53

Canada

34,834,841

37

Chad

11,412,107

76

Chile

17,363,894

64

China

1,355,692,576

Colombia

46,245,297

29

Congo, Democratic Republic of the

77,433,744

19

Cote d'Ivoire

22,848,945

54

Cuba

11,047,251

77

Czech Republic

10,627,448

82

Dominican Republic

10,349,741

86

Ecuador

15,654,411

67

Egypt

86,895,099

15

Ethiopia

96,633,458

13

France

66,259,012

21

Germany

80,996,685

17

Ghana

25,758,108

48

Greece

10,775,557

80

Guatemala

14,647,083

69

Guinea

11,474,383

75

Haiti

9,996,731

88

Honduras

8,598,561

93

Hungary

9,919,128

89

1,236,344,631

253,609,643

India
Indonesia
Iran

80,840,713

18

Iraq

32,585,692

39

7,821,850

98

61,680,122

23

Japan

127,103,388

10

Jordan

7,930,491

97

Israel
Italy

Kazakhstan

17,948,816

61

Kenya

45,010,056

30

Korea, North

24,851,627

49

Korea, South

49,039,986

26

2015 International Insurance Fact Book

updates at www.iii.org/international/

Country

Population (1)

Rank

Madagascar

23,201,926

52

Malawi

17,377,468

63

Malaysia

30,073,353

43

Mali

16,455,903

66

Mexico

120,286,655

11

Morocco

32,987,206

38

Mozambique

24,692,144

50

Nepal

30,986,975

41

Netherlands

16,877,351

65

Niger

17,466,172

62

Nigeria

177,155,754

Pakistan

196,174,380

Peru

30,147,935

42

107,668,231

12

Poland

38,346,279

34

Portugal

10,813,834

79

Romania

21,729,871

57

142,470,272

Philippines

Russia
Rwanda

12,337,138

73

Saudi Arabia

27,345,986

46

Senegal

13,635,927

72

7,209,764

100

Serbia
Somalia

10,428,043

84

South Africa

48,375,645

27

South Sudan

11,562,695

74

Spain

47,737,941

28

Sri Lanka

21,866,445

56

Sudan

35,482,233

36

Sweden

9,723,809

90

Switzerland

8,061,516

95

Syria

17,951,639

60

Taiwan

23,359,928

51

Tajikistan

8,051,512

96

Tanzania

49,639,138

25

Thailand

67,741,401

20

7,351,374

99

Tunisia

10,937,521

78

Turkey

81,619,392

16

Uganda

35,918,915

35

Ukraine

44,291,413

31

Togo

2015 International Insurance Fact Book

updates at www.iii.org/international/

Country

Population (1)

United Kingdom

Rank

63,742,977

22

318,892,103

Uzbekistan

28,929,716

44

Venezuela

28,868,486

45

Vietnam

93,421,835

14

Yemen

26,052,966

47

Zambia

14,638,505

70

Zimbabwe

13,771,721

71

United States

(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

75

Bangladesh

324.6

43

Belarus

150.4

62

Belgium

421.7

32

Bolivia

58.3

91

Brazil

2,422.0

Bulgaria

104.6

73

Burma

111.1

70

53.2

96

1,518.0

13

Chile

335.4

42

China

13,370.0

Colombia

526.5

28

Costa Rica

61.4

90

Croatia

78.9

83

Cuba

121.0

67

Czech Republic

285.6

44

Denmark

211.3

54

Dominican Republic

101.0

74

Ecuador

157.6

61

Cameroon
Canada

2015 International Insurance Fact Book

updates at www.iii.org/international/

Country
Egypt
El Salvador

Gross domestic product (1)


(U.S. $ billions)

Rank

551.4

27

47.5

97

Ethiopia

118.2

68

Finland

195.5

57

France

2,273.0

Germany

3,227.0

Ghana

90.4

77

Greece

267.1

50

Guatemala

81.5

79

Hong Kong

381.7

35

196.6

56

India

Hungary

4,962.0

Indonesia

1,285.0

15

Iran

987.1

18

Iraq

248.0

51

Ireland

190.4

58

274.5

48

Italy

Israel

1,805.0

11

Japan

4,729.0

243.6

52

Kazakhstan
Kenya

79.9

81

1,666.0

12

165.8

60

Lebanon

64.3

87

Libya

73.6

84

Lithuania

67.4

85

Macau

47.2

98

525.0

29

1,845.0

10

Morocco

180.0

59

Korea, South
Kuwait

Malaysia
Mexico
Netherlands

696.3

23

New Zealand

136.0

63

Nigeria

478.5

30

Norway

282.2

46

Oman

94.9

76

Pakistan

574.1

26

Panama

61.5

89

Paraguay

45.9

99

Peru

344.0

39

Philippines

454.3

31

2015 International Insurance Fact Book

updates at www.iii.org/international/

10

Country

Gross domestic product (1)


(U.S. $ billions)

Rank

Poland

814.0

21

Portugal

243.3

53

64.8

86

Qatar

198.7

55

Romania

280.7

47

2,553.0

927.8

19

80.5

80

Singapore

339.0

40

Slovakia

133.4

65

Puerto Rico

Russia
Saudi Arabia
Serbia

Slovenia

56.5

92

595.7

25

1,389.0

14

134.5

64

Sudan

90.0

78

Sweden

393.8

34

South Africa
Spain
Sri Lanka

Switzerland

370.3

36

Syria

107.6

72

Taiwan

926.4

20

Tanzania

79.3

82

Thailand

674.3

24

Tunisia

108.4

71

Turkey

1,167.0

16

Turkmenistan

55.2

94

Uganda

54.4

95

Ukraine

337.4

41

United Arab Emirates

269.8

49

2,378.0

16,720.0

United Kingdom
United States
Uruguay

56.3

93

Uzbekistan

112.6

69

Venezuela

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 of
countries. Includes 100 largest countries based on 2013 GDP.
Source: U.S. Central Intelligence Agency.

2015 International Insurance Fact Book

updates at www.iii.org/international/

11

Chapter 2: World Rankings

World Rankings
TOP TEN GLOBAL INSURANCE COMPANIES BY REVENUES, 2013 (1)
($ billions)
Rank

Company

Revenues

Country

$182,150.0 U.S.

Industry

Berkshire Hathaway

AXA

165,893.5 France

Life/health

Property/casualty

Japan Post Holdings

152,125.8 Japan

Life/health

Allianz

134,636.1 Germany

Property/casualty

UnitedHealth Group

122,489.0 U.S.

Health

Assicurazioni Generali

115,224.4 Italy

Life/health

Munich Re Group

83,844.8 Germany

Property/casualty

Prudential

81,867.7 U.K.

Life/health

China Life Insurance

80,909.4 China

Life/health

10

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.

2015 International Insurance Fact Book

updates at www.iii.org/international/

12

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


($ millions)

Rank

Date

Country

Insured loss in
U.S. dollars

Event

May 27

Germany, et al.

Floods

$4,134

Jul. 27

Germany, France

Hailstorms

3,838

Jun. 19

Canada

Floods

1,882

May 18

U.S.

Severe thunderstorms, tornadoes


(EF5 tornado in Moore, OK)

1,776

Mar. 18

U.S.

Thunderstorms, tornadoes, hail

1,615

Nov. 8

Phillipines, et al.

Typhoon Haiyan, storm surge

1,486

Oct. 27

Germany, et al.

Windstorm Christian (St. Jude)

1,471

May 28

U.S.

Severe thunderstorms, tornadoes,


large hail

1,425

Apr. 7

U.S.

Winter storm, ice, tornadoes, heavy


rains

1,204

10

Sep. 29

China, Japan

Typhoon Fitow

1,133

11

Apr. 2

Argentina

Large fire at refinery

12

Dec. 5

U.K., et al.

Windstorm Xaver

13

Jan. 21

Australia

Floods caused by cyclone Oswald

983

14

Sep. 13

Mexico

Hurricane Manuel

947
931

NA
1,034

15

Nov. 17

U.S.

Thunderstorms, tornadoes (2 EF4)


with winds up to 305 km/h

16

Apr. 10

U.S.

Collapse of pit wall at copper mine


due to landslide

NA

17

Sep. 4

China

Fire at major high-tech


semiconductor plant

NA

18

Jul. 8

Canada

Severe storms, flooding

888

19

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 the
National Flood Insurance Program. 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.
NA=data not available.
Source: Swiss Re, sigma, No. 1/2014; Property Claim Services (PCS), a Verisk Analytics company, insured losses for natural
catastrophes in the United States.

2015 International Insurance Fact Book

updates at www.iii.org/international/

13

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


($ millions)

Rank

Date

Country
U.S., Gulf of Mexico,
Bahamas, North Atlantic

Insured loss
in 2011 U.S.
dollars (2)

Event
Hurricane Katrina; storm surge, levee failure,
damage to oil rigs

Aug. 25, 2005

$80,373

Mar. 11, 2011 Japan

Earthquake (Mw 9.0) triggers tsunami:


aftershocks

37,665

Oct. 24, 2012 U.S., et al.

Hurricane Sandy, storm surge

36,890

Aug. 23, 1992 U.S., Bahamas

Hurricane Andrew: floods

27,594

Sep. 11, 2001 U.S.

Terror attacks on WTC, Pentagon


and other buildings

25,664

Jan. 17, 1994 U.S.

Northridge earthquake (M 6.6)

22,857

Sep. 6, 2008

U.S., Caribbean: Gulf of


Mexico et al.

Hurricane Ike; floods, offshore damage

22,751

Sep. 2, 2004

U.S., Caribbean; Barbados


Hurricane Ivan; damage to oil rigs
et al.

17,218

Jul. 27, 2011

Thailand

Floods caused by heavy monsoon rains

16,519

10

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 via
the 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 of
publication, the geographical area covered and other criteria used by organizations collecting the data.
Source: Swiss Re, sigma, No. 2/2014.

2015 International Insurance Fact Book

updates at www.iii.org/international/

14

Chapter 3: Country Profiles

Country Profiles
The country profiles that follow provides information on population, gross domestic product, insurance premiums and
leading insurers.

2015 International Insurance Fact Book

updates at www.iii.org/international/

15

Algeria
LEADING NONLIFE INSURANCE COMPANIES, 2011
Gross written premiums
Company

DZD Mn

INSURANCE ASSOCIATION
Le Conseil National des Assurances
Web: www.cna.dz

USD Mn

SAA

21,147.0

284.3

CAAT

14,637.0

196.8

CAAR

13,740.0

184.7

CASH

7,900.0

106.2

2011

34,994,937

CNMA

6,732.0

90.5

2012

35,406,303

CIAR

6,113.0

82.2

2013

38,087,812

Alliance

3,903.0

52.5

2014

38,813,722

2A

3,203.0

43.1

GAM

2,849.0

38.3

Salama

2,797.0

37.6

Source: Axco Insurance Information Services.

POPULATION, 2011-2014 (1)


Year

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)


Year

LEADING LIFE INSURANCE COMPANIES, 2010


Gross written
premiums
SAA

1,500.0

20.2

CAAR

1,445.0

19.4

Cardif

715.0

9.6

CAAT

626.0

8.4

CIAR

600.0

8.1

CNMA

600.0

8.1

2A

300.0

4.0

Trust

150.0

2.0

CASH
SAA

52.0

0.7

1,500.0

20.2

Source: Axco Insurance Information Services.

Population

GDP

2009

$240.2

2010

244.3

2011

254.7

2012

264.1

2013

284.7

(1) Based on Purchasing Power Parity calculations, which take


into account the relative cost of living and inflation rates of
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 premiums
written
Nonlife premiums (1)

$1,342

Life premiums

98

Total premiums

$1,440

Percent of total world


premiums

0.03%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

16

Angola
LEADING NONLIFE INSURANCE COMPANIES, 2008
Gross written premiums
Company

AOA Mn

Institute of Insurance Supervision


Web: www.iss.gv.ao/

USD Mn

AAA Seguros

15,406.5

205.3

ENSA

11,530.8

153.7

1,405.3

18.7

GA Seguros

INSURANCE ASSOCIATION

POPULATION, 2011-2014 (1)

Year

Source: Axco Insurance Information Services.

LEADING LIFE INSURANCE COMPANIES, 2008


Gross written premiums
Company
AAA Seguros
ENSA

AOA Mn

Population

2011

13,338,541

2012

18,056,072

2013

18,565,269

2014

19,088,106

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

USD Mn

2,287.8

30.5

352.8

4.7

GROSS DOMESTIC PRODUCT, 2013 (1)

Source: Axco Insurance Information Services.

Year

GDP

2009

$114.6

2010

NA

2011

NA

2012

115.9

2013

131.8

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of 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 premiums
written
Nonlife premiums (1)

$1,079

Life premiums

57

Total premiums

$1,136

Percent of total world


premiums

0.02%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

17

Argentina
LEADING NONLIFE INSURANCE COMPANIES, 2013
Gross written premiums
Company
Prevencion ART

ARS Mn

INSURANCE ASSOCIATION
Asociacion Argentina de Companias de Seguros
Web: www.aacs.org.ar

USD Mn

4,374.4

793.9

POPULATION, 2011-2014 (1)

Federacion Patronal

4,315.3

783.2

Caja Seguros

3,829.9

695.1

QBE La Buenos Aires

2,693.2

488.8

2011

41,769,726

Sancor

2,688.8

488.0

2012

42,192,494

Galeno ART

2,585.4

469.2

2013

42,610,981

Provincia ART

2,164.4

392.8

2014

43,024,374

Asociart ART

2,111.0

383.1

San Cristobal

2,074.5

376.5

MAPFRE Argentina

1,999.9

363.0

Year

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Source: Axco Insurance Information Services.

Year

LEADING LIFE INSURANCE COMPANIES, 2013


Gross written premiums
Company

ARS Mn

USD Mn

Estrella Retiro

1,149.7

208.7

MetLife Seg de Vida

1,066.2

193.5

Cardif Seguros

986.5

179.0

GDP

2009

$585.0

2010

558.0

2011

596.0

2012

709.7

2013

771.0

(1) Based on Purchasing Power Parity calculations, which take


into account the relative cost of living and inflation rates of
countries. GDP estimate for July for each year shown.
Source: U.S. Central Intelligence Agency.

Caja de Seguros

947.2

171.9

Galicia Seguros

790.9

143.5

Nacion Seguros

742.2

134.7

Sancor

715.0

129.8

Provincia

579.4

105.2

HSBC NY Life Vida

535.3

97.2

Nonlife premiums (1)

BBVA Seguros

490.9

89.1

Life premiums

Source: Axco Insurance Information Services.

Population

LIFE AND NONLIFE INSURANCE PREMIUMS, 2013


(U.S. $ millions)
Direct premiums
written

Total premiums
Percent of total world
premiums

$13,957
3,359
$17,317
0.37%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

18

Australia
INSURANCE ASSOCIATION
LEADING NONLIFE INSURANCE COMPANIES, 2012
Gross written premiums
Company

AUD Mn

USD
Mn

QBE Insurance (Australia)


Limited

4,166.7

4,314.2

Insurance Australia Limited

3,554.4

3,680.3

Allianz Australia Insurance


Limited

3,366.4

3,485.6

Insurance Manufacturers of
Australia PL

2,597.9

2,689.9

Australian Associated Motor


Insurers Limited

2,078.0

2,151.6

CGU Insurance Limited

2,045.0

2,117.4

GIO General Limited

1,706.0

1,766.5

Vero Insurance Limited

1,464.3

1,516.1

Wesfarmers General
Insurance Limited

1,235.9

1,279.7

Zurich Australian Insurance


Limited

1,225.5

1,268.9

Insurance Council of Australia


Web: www.insurancecouncil.com.au

POPULATION, 2011-2014 (1)


Year
2011

21,766,711

2012

22,015,576

2013

22,262,501

2014

22,507,617

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)


Year

Source: Axco Insurance Information Services.

LEADING LIFE INSURANCE COMPANIES, 2012


Gross written premiums
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

1,075.4

Westpac Life Insurance


Services Limited

907.4

939.5

The National Mutual Life


Association of Australasia
Limited

896.1

927.8

AIA Australia Limited

771.3

798.6

TAL Life Limited

422.7

437.6

MetLife Insurance Limited

288.8

299.1

Suncorp Life &


Superannuation Limited

284.8

294.9

Population

GDP

2009

$824.9

2010

819.0

2011

889.6

2012

917.7

2013

998.3

(1) Based on Purchasing Power Parity calculations, which take


into account the relative cost of living and inflation rates of
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 premiums
written
Nonlife premiums (1)
Life premiums
Total premiums
Percent of total world
premiums

$32,667
45,641
$78,309
1.69%

(1) Includes accident and health insurance.


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

Source: Axco Insurance Information Services.

2015 International Insurance Fact Book

updates at www.iii.org/international/

19

Austria
LEADING NONLIFE INSURANCE COMPANIES, 2012
Gross written premiums
Company

EUR Mn

USD Mn

Generali Versicherung AG

1,170.6

1,504.0

Wiener Staedtische
Versicherung AG

1,000.2

1,285.1

UNIQA Osterreich
Versicherungen AG

993.1

1,276.0

Allianz Elementar
Versicherungs-AG

804.2

1,033.2

Donau Versicherung AG Vienna


Insurance Group

484.1

Zurich Versicherungs-AG

INSURANCE ASSOCIATION
Austrian Insurance Association
Verband der Versicherungsunternehmen Oesterreichs
Web: www.vvo.at
POPULATION, 2011-2014 (1)
Year

Population

2011

8,217,280

2012

8,219,743

622.0

2013

8,221,646

382.8

491.9

2014

8,223,062

Grazer Wechselseitige
Versicherung AG

300.8

386.5

OBEROSTERREICHISCHE
Versicherung AG

243.1

312.4

Niederosterreichische
Versicherung AG

206.0

264.7

HDI Versicherung AG

156.1

200.6

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)


Year

Source: Axco Insurance Information Services.

LEADING LIFE INSURANCE COMPANIES, 2012


Gross written premiums
Company

EUR Mn

USD Mn

Sparkassen Versicherung AG

819.4

1,053.2

WIENER STDTISCHE
VERSICHERUNG AG

808.3

1,039.0

Generali Versicherung AG

685.4

881.0

FINANCE LIFE
Lebensversicherung AG

462.4

594.3

Raiffeisen Versicherung

452.0

580.9

Allianz Elementar
Lebensversicherungs-AG

418.1

537.5

Bank Austria Creditanstalt


Versicherung AG

412.9

530.8

UNIQA sterreich
Versicherungen AG

354.4

455.5

Wstenrot Versicherungs-AG

293.3

377.0

Donau Versicherung AG Vienna


Insurance Group

250.4

321.8

Source: Axco Insurance Information Services.

2015 International Insurance Fact Book

GDP

2009

$325.0

2010

323.1

2011

332.6

2012

351.4

2013

361.0

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of 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 premiums
written
Nonlife premiums (1)
Life premiums
Total premiums
Percent of total world
premiums

$13,456
8,596
$22,052
0.48%

(1) Includes accident and health insurance.


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

updates at www.iii.org/international/

20

Bahamas
LEADING NONLIFE INSURANCE COMPANIES, 2012

Bahamas General Insurance Association


Web: www.bahamasinsurance.org

Gross written
premiums
Company

USD Mn

Bahamas First General

INSURANCE ASSOCIATION

POPULATION, 2011-2014 (1)

103.9

RoyalStar Assurance

64.9

Year

Insurance Company of The


Bahamas

43.3

2011

313,312

Summit

35.6

2012

316,182

Security and General

25.4

2013

319,031

2014

321,834

ICWI Bahamas

3.0

Population

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

Source: Axco Insurance Information Services.

LEADING LIFE INSURANCE COMPANIES, 2008


GROSS DOMESTIC PRODUCT, 2009-2013 (1)
Gross written premiums
Company

Year

USD Mn

Colina Imperial

147.4

Family Guardian

73.3

Atlantic Medical

67.5

British American

19.4

Generali Worldwide

17.5

Capital Life

6.6

Metlife

6.5

Laurentide

5.0

Sirius

2.0

Sagicor

0.8

Source: Axco Insurance Information Services.

GDP

2009

$9.2

2010

9.1

2011

8.9

2012

10.8

2013

11.4

(1) Based on Purchasing Power Parity calculations, which take


into account the relative cost of living and inflation rates of
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 premiums
written
Nonlife premiums (1)

$539

Life premiums

154

Total premiums
Percent of total world
premiums

$693
0.01%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

21

Bahrain
LEADING NONLIFE INSURANCE COMPANIES, 2012
Gross written premiums
Company

BHD Mn

INSURANCE ASSOCIATION
Bahrain Insurance Association
Web: www.bia-bh.com

USD Mn

Bahrain Kuwait

22.3

59.4

Axa

17.7

47.2

ACE

16.6

44.1

Takaful International

15.5

41.3

Bahrain National

15.0

39.9

Gulf Union

14.0

37.3

Solidarity General Takaful

11.8

31.3

Saudi National

11.4

30.4

Al Ahlia

11.2

29.8

T'azur

7.3

19.4

POPULATION, 2011-2014 (1)


Year

Population

2011

1,214,705

2012

1,248,348

2013

1,281,332

2014

1,314,089

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Source: Axco Insurance Information Services.

Year
LEADING LIFE INSURANCE COMPANIES, 2012
Gross written
premiums
Company

BHD Mn

USD Mn

Life Insurance Corp.

21.4

56.8

2009

NA

2010

$28.0

2011

29.8

2012

30.8

2013

35.0

(1) Based on Purchasing Power Parity calculations, which take


into account the relative cost of living and inflation rates of
countries. GDP estimate for July for each year shown.
NA=Data not available.
Source: U.S. Central Intelligence Agency.

Alico

12.7

33.7

Zurich

9.8

26.0

Medgulf Takaful

7.0

18.7

Legal & General Gulf


Takaful

4.7

12.6

Bahrain National Life

2.1

5.7

Takaful International

1.3

3.5

Legal & General Gulf

0.6

1.5

T'azur

0.6

1.5

Nonlife premiums (1)

Arabia Insurance Company

0.1

0.1

Life premiums

Source: Axco Insurance Information Services.

GDP

LIFE AND NONLIFE INSURANCE PREMIUMS, 2013


(U.S. $ millions)
Direct premiums
written
$515
173

Total premiums
Percent of total world
premiums

$688
0.01%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

22

Bangladesh
LEADING NONLIFE INSURANCE COMPANIES, 2012
Gross written premiums
Company

BDT Mn

INSURANCE ASSOCIATION
Bangladesh Insurance Association
Web: www.bia-bd.org

USD Mn

Green Delta Insurance Co


Ltd

2,601.4

31.8

Sadharan Bima
Corporation

2,212.0

27.0

Pioneer Insurance Co Ltd

1,701.3

20.8

Reliance Insurance
Limited

1,486.3

18.2

Pragati Insurance Ltd

1,151.3

14.1

Rupali Insurance Co Ltd

759.5

9.3

Eastland Insurance Co Ltd

650.1

7.9

Phoenix Insurance Co Ltd

614.6

7.5

Bangladesh Gen Ins Co


Ltd

591.5

7.2

Continental Insurance Ltd

451.2

5.5

POPULATION, 2011-2014 (1)


Year
2011

158,570,535

2012

161,083,804

2013

163,654,860

2014

166,280,712

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)


Year

Source: Axco Insurance Information Services.

LEADING LIFE INSURANCE COMPANIES, 2010


Gross written premiums
Company
MetLife Alico

BDT Mn

USD Mn

16,687.7

203.9

Fareast Islami Life

7,031.3

85.9

National Life

7,025.1

85.8

Popular Life

6,617.8

80.8

Delta Life

5,085.6

62.1

GDP

2009

$228.4

2010

242.2

2011

259.3

2012

282.5

2013

324.6

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of countries. GDP estimate for July for each year shown.
Source: U.S. Central Intelligence Agency.

LIFE AND NONLIFE INSURANCE PREMIUMS, 2011


(U.S. $ millions)

Meghna Life

4,011.8

49.0

Jiban Bima Corporation

3,199.9

39.1

Sandhani Life

2,249.0

27.5

Prime Islami Life

2,071.3

25.3

Nonlife premiums (1)

Progressive Life

1,714.1

20.9

Life premiums

Source: Axco Insurance Information Services.

Population

Direct premiums
written
$255
789

Total premiums

$1,044

Percent of total world


premiums

0.02%

(1) Includes accident and health insurance.


Source: Swiss Re, sigma, No. 3/2012.

2015 International Insurance Fact Book

updates at www.iii.org/international/

23

Belgium
LEADING NONLIFE INSURANCE COMPANIES, 2012
Gross written premiums
Company

EUR Mn

USD Mn

INSURANCE ASSOCIATION
Insurance Company Association
Assuralia
Web: www.assuralia.be

AXA Belgium

1,985.9

2,551.6

AG Insurance

1,744.8

2,241.8

Ethias

1,085.4

1,394.6

Year

CBC Assurances

892.6

1,146.8

2011

10,431,477

Baloise

681.3

875.3

2012

10,438,353

Belins

487.6

626.5

2013

10,444,268

DKV

443.3

569.6

2014

10,449,361

Allianz Belgium

405.2

520.6

Vivium

378.6

486.4

P&V

183.7

236.0

POPULATION, 2011-2014 (1)

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Source: Axco Insurance Information Services.

Year

LEADING LIFE INSURANCE COMPANIES, 2012


Gross written premiums
Company

EUR Mn

USD Mn

AG Insurance

5,134.2

6,596.8

CBC Assurances

3,892.9

5,001.8

AXA Belgium

2,079.7

2,672.1

Belins

1,754.1

2,253.8

Ethias

1,235.8

1,587.8

Aras

845.5

1,086.3

Delta Lloyd Life

841.8

1,081.6

Allianz Belgium

823.1

1,057.6

ING Life

707.5

909.0

Vivium

610.2

784.0

Source: Axco Insurance Information Services.

Population

GDP

2009

$398.7

2010

381.4

2011

396.9

2012

412.0

2013

421.7

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of 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 premiums
written
Nonlife premiums (1)
Life premiums
Total premiums
Percent of total world
premiums

$16,578
22,430
$39,008
0.84%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

24

Bermuda
LEADING NONLIFE AND REINSURANCE
COMPANIES, 2011 (1)

Bermuda Insurance Institute


Web: www.bii.bm

Gross written
premiums
Company

INSURANCE ASSOCIATION

USD Mn

ACE

15,387.0

POPULATION, 2011-2014 (1)

XL Capital

5,327.1

PartnerRe

4,647.8

Year

Catlin Group

3,611.6

2011

68,679

AXIS Capital Holdings

3,315.0

2012

69,080

Arch Capital Group

2,631.8

2013

69,467

Everest Reinsurance
(Bermuda)

2,024.4

2014

69,839

Endurance Specialty
Holdings

1,931.4

Aspen Insurance Holdings

1,889.0

Hiscox

1,837.7

(1) Includes life, nonlife and reinsurance.


Source: Axco Insurance Information Services.

Population

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)


Year

GDP

2009

$4.5

2010

NA

2011

4.5

2012

4.5

2013

5.6

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of countries. GDP estimate for July for each year shown.
NA=Data not available.
Source: U.S. Central Intelligence Agency.

2015 International Insurance Fact Book

updates at www.iii.org/international/

25

Brazil
LEADING NONLIFE INSURANCE COMPANIES, 2013
Gross written premiums
Company

BRL Mn

USD Mn

Itau Seguros S.A.

4,985.7

2,312.4

Porto Seguro Companhia De


Seguros Gerais

4,792.2

2,222.6

MAPFRE Seguros Gerais


S.A.

3,982.1

1,846.9

Bradesco Auto/Re
Companhia De Seguros

3,976.7

1,844.4

Allianz Seguros S.A.

3,027.6

1,404.2

INSURANCE ASSOCIATION
Federacao Nacional das Empresas de Seguros Privados
e de Capitalizacao
Web: www.fenaseg.org.br
POPULATION, 2011-2014 (1)
Year

Sul America Companhia


Nacional De Seguros

2,927.1

1,357.6

Itau Seguros De Auto E


Residencia S.A.

2,182.1

1,012.1

HDI Seguros S.A.

2,161.2

1,002.4

CAIXA Seguradora S.A.

1,937.4

898.6

Zurich Minas Brasil Seguros


S.A.

1,822.2

845.2

2011

203,429,773

2012

205,716,890

2013

201,009,622

2014

202,656,788

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)


Year

Source: Axco Insurance Information Services.

LEADING LIFE INSURANCE COMPANIES, 2013


Gross written premiums
Company

BRL Mn

USD Mn

Population

GDP

2009

$2,030.0

2010

2,024.0

2011

2,194.0

2012

2,284.0

2013

2,422.0

(1) Based on Purchasing Power Parity calculations, which take


into account the relative cost of living and inflation rates of
countries. GDP estimate for July for each year shown.
Source: U.S. Central Intelligence Agency.

Bradesco Vida E Previdencia


S.A.

19,550.7

9,067.7

Brasilprev Seguros E
Previdencia S.A.

18,046.5

8,370.0

Itau Vida E Previdencia S.A.

13,131.3

6,090.3

Zurich Santander Brasil


Seguros E Previdencia S.A.

3,795.1

1,760.2

CAIXA Vida E Previdencia


S.A.

3,529.4

1,637.0

Companhia De Seguros
Alianca Do Brasil

3,168.0

1,469.3

Itau Seguros S.A.

1,548.6

718.3

Total premiums

HSBC Vida E Previdencia


(Brasil) S.A.

1,375.1

637.8

Percent of total world


premiums

ICATU Seguros S.A.

1,322.5

613.4

CAIXA Seguradora S.A.

1,055.3

489.5

LIFE AND NONLIFE INSURANCE PREMIUMS, 2013


(U.S. $ millions)
Direct premiums
written
Nonlife premiums (1)
Life premiums

$39,513
49,417
$88,931
1.92%

(1) Includes accident and health insurance.


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

Source: Axco Insurance Information Services

2015 International Insurance Fact Book

updates at www.iii.org/international/

26

Bulgaria
LEADING NONLIFE INSURANCE COMPANIES, 2013

Association of Bulgarian Insurers


Web: www.abz.bg

Gross written
premiums
Company

BGN Mn

INSURANCE ASSOCIATION

USD Mn
POPULATION, 2011-2014 (1)

Lev Ins

182.1

123.9

Armeec

177.3

120.6

BULSTRAD Vienna
Insurance Group

172.7

117.5

2011

7,093,635

DZI General Insurance

141.6

96.3

2012

7,037,935

Allianz Bulgaria

128.2

87.2

2013

6,981,642

2014

6,924,716

Euroins

118.4

80.5

Bul Ins

106.4

72.4

UNIQA

76.9

52.3

Victoria

68.8

46.8

Generali

55.3

37.6

Year

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Source: Axco Insurance Information Services.

Year

LEADING LIFE INSURANCE COMPANIES, 2013


Gross written premiums
Company

BGN Mn

USD Mn

Allianz Bulgaria Life

68.6

46.6

Bulstrad Life VIG

46.2

31.4

UNIQA Life

32.8

22.3

DZI Life

30.5

20.7

UBB-Alico

26.4

18.0

SyVZK

25.4

17.3

Alico Bulgaria

19.9

13.5

GRAWE Bulgaria Life

19.1

13.0

Generali Life

10.5

7.1

9.2

6.3

Groupama Life

Population

Source: Axco Insurance Information Services.

GDP

2009

$95.9

2010

90.4

2011

92.2

2012

101.2

2013

104.6

(1) Based on Purchasing Power Parity calculations, which take


into account the relative cost of living and inflation rates of
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 premiums
written
Nonlife premiums (1)

$947

Life premiums

183

Total premiums

$1,129

Percent of total world


premiums

0.02%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

27

Canada
LEADING NONLIFE INSURANCE COMPANIES, 2012
Gross written premiums
Company

CAD Mn

INSURANCE ASSOCIATION
Insurance Bureau of Canada
Web: www.ibc.ca

USD Mn

Intact Insurance Company

5,347.9

5,352.3

Aviva Insurance Company of


Canada

2,753.4

2,755.6

Security National Insurance


Company

2,707.2

2,709.4

Wawanesa Mutual Insurance


Company (The)

2,477.9

2,479.9

Cooperators General Insurance


Company

2,095.3

2,097.0

Lloyd's Underwriters

2,094.0

2,095.7

Economical Mutual Insurance


Company

1,819.7

1,821.2

Royal & Sun Alliance Insurance


Company of Canada

1,600.4

1,601.7

State Farm Mutual Automobile


Insurance Company

1,341.0

1,342.0

Dominion of Canada General


Insurance Company (The)

1,273.5

1,274.6

POPULATION, 2011-2014 (1)


Year
2011

34,030,589

2012

34,300,083

2013

34,568,211

2014

34,834,841

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)


Year

Source: Axco Insurance Information Services.

LEADING LIFE INSURANCE COMPANIES, 2012


Gross written premiums
Company
Great-West Life Assurance
Company (The)

CAD Mn

USD Mn

11,950.6

11,960.3

Manufacturers Life Insurance


Company (The)

8,752.2

8,759.3

Sun Life Assurance Company of


Canada

8,593.8

8,600.7

Canada Life Assurance


Company (The)

4,295.5

4,298.9

London Life Insurance Company

3,080.5

3,083.0

RBC Life Insurance Company

1,280.9

1,282.0

Standard Life Assurance


Company 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 Insurance


Company

794.2

794.9

Population

GDP

2009

$1,336.0

2010

NA

2011

1,335.0

2012

1,389.0

2013

1,518.0

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of countries. GDP estimate for July for each year shown.
NA=Data not available.
Source: U.S. Central Intelligence Agency.

LIFE AND NONLIFE INSURANCE PREMIUMS, 2013


(U.S. $ millions)
Direct premiums
written
Nonlife premiums (1)
Life premiums
Total premiums
Percent of total world
premiums

$73,010
52,334
$125,344
2.70%

(1) Includes accident and health insurance.


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

Source: Axco Insurance Information Services.

2015 International Insurance Fact Book

updates at www.iii.org/international/

28

Chile
LEADING NONLIFE INSURANCE COMPANIES, 2013
Gross written premiums
Company

CLP Mn

USD Mn

INSURANCE ASSOCIATION
The Chilean Insurance Association
Asociacion de Aseguradores de Chile
Web: http://portal.aach.cl/home.asp

RSA Seguros

280,390.5

566.1

Penta Security

211,698.7

427.4

BCI Seguros

210,095.0

424.2

Year

MAPFRE

206,830.7

417.6

2011

16,888,760

Liberty Seguros

169,649.4

342.5

2012

17,067,369

Magallanes

153,480.5

309.9

2013

17,216,945

BNP Paribas Cardif

124,282.3

250.9

2014

17,363,894

ACE Seguros

115,033.4

232.3

Chilena Consolidada

102,440.9

206.8

72,157.4

145.7

AIG Chile

POPULATION, 2011-2014 (1)


Population

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Source: Axco Insurance Information Services.

Year
LEADING LIFE INSURANCE COMPANIES, 2013
Gross written premiums
Company

CLP Mn

USD Mn

MetLife

563,417.5

1,137.6

Chilena Consolidada

453,425.0

915.5

Consorcio Nacional

356,315.9

719.4

2009

$252.9

2010

244.3

2011

260.0

2012

281.0

2013

335.4

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of countries. GDP estimate for July for each year shown.
Source: U.S. Central Intelligence Agency.

Sura

277,249.3

559.8

CorpVida

276,300.6

557.9

BICE Vida

260,489.1

526.0

Penta Vida

221,512.2

447.3

Security Prevision

195,378.9

394.5

Principal

190,902.3

385.5

Nonlife premiums (1)

EuroAmerica

137,092.9

276.8

Life premiums

Source: Axco Insurance Information Services.

GDP

LIFE AND NONLIFE INSURANCE PREMIUMS, 2013


(U.S. $ millions)
Direct premiums
written

Total premiums
Percent of total world
premiums

$4,726
6,986
$11,712
0.25%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

29

China, People's Republic of


LEADING NONLIFE INSURANCE COMPANIES, 2013
Gross written premiums
Company

CNY Mn

Insurance Association of China


Web: www.iachina.cn

USD Mn

PICC Propery and


Casualty

223,005.0

35,993.2

Ping An Property and


Casualty

115,365.0

18,620.0

CPIC Property

81,613.2

13,172.4

China Life Property and


Casualty

31,848.5

5,140.4

China United Property

29,711.5

4,795.5

China Continent Property


and Casualty

19,846.0

3,203.2

Sunshine Property and


Casualty

16,598.0

2,678.9

Sinosure (China Export


and Credit Insurance
Corporation)

14,031.2

2,264.6

Taiping General

10,799.8

1,743.1

9,951.0

1,606.1

Tianan Insurance

INSURANCE ASSOCIATION

POPULATION, 2011-2014 (1)


Year
2011

1,336,718,015

2012

1,343,239,923

2013

1,349,585,838

2014

1,355,692,576

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)


Year

Source: Axco Insurance Information Services.

LEADING LIFE INSURANCE COMPANIES, 2013


Gross written premiums
Company

CNY Mn

USD Mn

$7,800.0

2010

8,791.0

2011

9,872.0

2012

11,300.0

2013

13,370.0

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of countries. GDP estimate for July for each year shown.
Source: U.S. Central Intelligence Agency.

326,719.9

52,732.9

Ping An Life

146,090.9

23,579.2

New China Life

103,639.8

16,727.6

China Pacific Life

95,101.2

15,349.4

PICC Life

75,273.4

12,149.2

Taikang Life

61,123.9

9,865.4

Nonlife premiums (1)

Taiping Life

51,852.8

8,369.1

Life premiums

China Post Life

23,037.2

3,718.2

Total premiums

Sino Life

22,242.8

3,590.0

Sunshine Life

15,755.8

2,543.0

Percent of total world


premiums

2015 International Insurance Fact Book

GDP

2009

China Life

Source: Axco Insurance Information Services.

Population

LIFE AND NONLIFE INSURANCE PREMIUMS, 2013


(U.S. $ millions)
Direct premiums
written
$125,844
152,121
$277,965
5.99%

(1) Includes accident and health insurance.


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

updates at www.iii.org/international/

30

Colombia
LEADING NONLIFE INSURANCE COMPANIES, 2012
Gross written premiums
Company
Suramericana

COP Mn

USD Mn

INSURANCE ASSOCIATION
The Colombian Association of Insurance Agents
Asociacion Colombiana de Agentes de Seguros
Web: www.acoas.com.co

1,298,712.5

722.8

Colpatria

772,205.9

429.7

Liberty

730,081.2

406.3

Allianz

717,546.3

399.3

2011

44,725,543

Estado

595,809.8

331.6

2012

45,239,079

MAPFRE

583,298.5

324.6

2013

45,745,783

Previsora

580,698.5

323.2

2014

46,245,297

Bolivar

480,588.2

267.5

QBE

480,134.4

267.2

RSA

366,756.3

204.1

Source: Axco Insurance Information Services.

POPULATION, 2011-2014 (1)


Year

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

LEADING LIFE INSURANCE COMPANIES, 2012

Year

Gross written premiums


Company
Suramericana
Bolivar

COP Mn

Population

USD Mn

GDP

2009

$407.2

2010

400.3

2011

431.9

1,743,500.0

970.3

2012

467.0

889,400.7

495.0

2013

526.5

MAPFRE

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

242.8

Colmena

372,007.2

207.0

Colpatria

367,485.2

204.5

BBVA Seguros

189,228.2

105.3

Source: Axco Insurance Information Services.

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of 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 premiums
written
Nonlife premiums (1)
Life premiums
Total premiums
Percent of total world
premiums

$6,439
3,632
$10,070
0.22%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

31

Costa Rica
LEADING NONLIFE INSURANCE COMPANIES, 2013
Gross written premiums
Company
INS

CRC Mn

466.3

17,521.7

35.1

MAPFRE Seguros Costa


Rica

5,420.4

10.9

Qualitas Compania de
Seguros (Costa Rica)

2,916.2

5.8

Aseguradora del Istmo


(ADISA)

607.7

1.2

Aseguradora Sagicor
Costa Rica

187.8

0.4

69.8

0.1

Ocenica de Seguros S.A

Instituto Nacional de Seguros


Web: www.ins-cr.com

USD
Mn

233,040.3

ASSA Compania de
Seguros

INSURANCE ASSOCIATION

POPULATION, 2011-2014 (1)


Year

Population

2011

4,576,562

2012

4,636,348

2013

4,695,942

2014

4,755,234

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Source: Axco Insurance Information Services.

Year
LEADING LIFE INSURANCE COMPANIES, 2013
Gross written premiums
Company
INS

CRC Mn

USD
Mn

GDP

2009

$49.7

2010

48.2

2011

51.6

2012

54.5

2013

61.4

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of countries. GDP estimate for July for each year shown.
Source: U.S. Central Intelligence Agency.

229,157.1

458.5

PAN AMERICAN Life


Insurance

14,341.8

28.7

Aseguradora del Istmo


(ADISA)

6,008.4

12.0

MAPFRE Seguros Costa


Rica

3,383.0

6.8

Seguros del Magisterio

2,130.6

4.3

ASSA Compania de
Seguros

1,243.6

2.5

Atlantic Southern
Insurance Company

904.3

1.8

Best Meridian Insurance


Company

648.2

1.3

Total premiums

$1,036

Aseguradora Sagicor
Costa Rica

0.02%

248.5

0.5

Percent of total world


premiums

Source: Axco Insurance Information Services.

2015 International Insurance Fact Book

LIFE AND NONLIFE INSURANCE PREMIUMS, 2013


(U.S. $ millions)
Direct premiums
written
Nonlife premiums (1)

$897

Life premiums

139

(1) Includes accident and health insurance.


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

updates at www.iii.org/international/

32

Croatia
LEADING NONLIFE INSURANCE COMPANIES, 2013

Croatian Insurance Bureau


Hrvatski Ured Za Osiguranje
Web: www.huo.hr

Gross written
premiums
Company
Croatia

HRK Mn

INSURANCE ASSOCIATION

USD Mn

2,269.0

397.7

Euroherc

970.3

170.1

Allianz Zagreb

708.1

124.1

Jadransko

626.1

109.8

Triglav

290.7

51.0

Wiener Vienna Insurance


Group

282.1

49.5

Generali

245.9

43.1

Basler osig. Zagreb

209.6

36.7

HOK

195.9

34.3

Uniqa

150.7

26.4

POPULATION, 2011-2014 (1)


Year

Population

2011

4,483,804

2012

4,480,043

2013

4,475,611

2014

4,470,534

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Source: Axco Insurance Information Services.

Year
LEADING LIFE INSURANCE COMPANIES, 2013
Gross written
premiums
Company

HRK Mn

USD Mn

Allianz Zagreb

471.4

82.6

GDP

2009

$73.4

2010

79.2

2011

78.5

2012

80.9

2013

78.9

(1) Based on Purchasing Power Parity calculations, which take


into account the relative cost of living and inflation rates of
countries. GDP estimate for July for each year shown.
Source: U.S. Central Intelligence Agency.

Croatia

356.1

62.4

Wiener Vienna Insurance


Group

270.2

47.4

Grawe Hrvatska

246.0

43.1

Merkur

243.5

42.7

Agram zivotno

205.6

36.0

Basler osig. Zagreb

192.3

33.7

Erste VIG

139.3

24.4

Nonlife premiums (1)

Uniqa

127.3

22.3

Life premiums

Generali

119.9

21.0

Total premiums

$1,591

Percent of total world


premiums

0.03%

Source: Axco Insurance Information Services.

LIFE AND NONLIFE INSURANCE PREMIUMS, 2013


(U.S. $ millions)
Direct premiums
written
$1,146
445

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

33

Cyprus
LEADING NONLIFE INSURANCE COMPANIES, 2013

Insurance Association of Cyprus


Web: www.iac.org.cy

Gross written
premiums
Company

EUR Mn

General Insurance of
Cyprus

56.2

INSURANCE ASSOCIATION

USD Mn

POPULATION, 2011-2014 (1)

74.7

Year

Population

CNP Asfalistiki

54.1

71.8

2011

1,120,489

Pancyprian

31.7

42.0

2012

1,138,071

Universal Life

30.3

40.3

2013

1,155,403

Atlantic

24.0

31.8

2014

1,172,458

AIG

23.5

31.2

Cosmos

20.1

26.7

Trust

18.1

24.1

Alpha

15.2

20.1

Prime

14.9

19.8

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)


Year

Source: Axco Insurance Information Services.

LEADING LIFE INSURANCE COMPANIES, 2013


Gross written premiums
Company

EUR Mn

USD Mn

Eurolife

90.7

120.4

CNP Cyprialife

81.0

107.6

Universal Life

45.5

60.4

Metlife Alico

25.0

33.2

Prime

22.8

30.3

Allianz Hellas

20.6

27.4

Alpha

15.1

20.0

Hellenic Alico

11.4

15.2

Ethniki Insurance

5.8

7.7

Minerva

1.4

1.8

Source: Axco Insurance Information Services.

GDP

2009

$23.1

2010

22.9

2011

23.2

2012

23.8

2013

21.6

(1) Based on Purchasing Power Parity calculations, which take


into account the relative cost of living and inflation rates of
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 premiums
written
Nonlife premiums (1)

$632

Life premiums

456

Total premiums

$1,088

Percent of total world


premiums

0.02%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

34

Czech Republic
LEADING NONLIFE INSURANCE COMPANIES, 2013

INSURANCE ASSOCIATION
Czech Insurance Association
Ceska Asociace Pojistoven
Web: www.cap.cz

Gross written
premiums
CZK Mn

USD
Mn

Ceska pojistovna as

18,430.9

941.8

Kooperativa, pojistovna, as

15,734.2

804.0

Allianz pojistovna, as

7,168.7

366.3

2011

10,190,213

Generali Pojistovna as

5,022.3

256.6

2012

10,177,300

Ceska podnikatelska
pojistovna, as

4,693.3

239.8

2013

10,162,921

2014

10,627,448

CSOB Pojistovna, as, clen


holdingu CSOB

4,423.7

226.0

UNIQA pojistovna, as

4,311.2

220.3

BNP Paribas Cardif


Pojistovna, as

2,025.8

103.5

AXA pojistovna as

757.0

38.7

Triglav pojistovna,as

734.9

37.6

Company

POPULATION, 2011-2014 (1)


Year

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)


Year

Source: Axco Insurance Information Services.

LEADING LIFE INSURANCE COMPANIES, 2013


Gross written
premiums
Company
Ceska pojistovna as

CZK Mn

USD
Mn

10,418.9

532.4

Kooperativa, pojistovna, as

6,643.4

339.5

Pojistovna 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 CSOB

2,982.4

152.4

Allianz pojistovna, as

2,946.2

150.5

Generali Pojistovna as

2,798.8

143.0

MetLife pojistovna as

2,416.8

123.5

Komercni pojistovna, as

1,541.8

78.8

AXA zivotni pojistovna as

1,441.4

73.7

Population

GDP

2009

$273.7

2010

256.7

2011

262.8

2012

272.2

2013

285.6

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of 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 premiums
written
Nonlife premiums (1)
Life premiums

$4,341
3,657

Total premiums

$7,998

Percent of total world


premiums

0.17%

(1) Includes accident and health insurance.


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

Source: Axco Insurance Information Services.

2015 International Insurance Fact Book

updates at www.iii.org/international/

35

Denmark
LEADING NONLIFE INSURANCE COMPANIES, 2012
Gross written premiums
Company
Tryg Skade

DKK Mn

USD Mn

INSURANCE ASSOCIATION
Danish Insurance Association
Forsikring & Pension
Web: www.forsikringogpension.dk

20,202.6

3,487.7

Codan Forsikring

7,906.1

1,364.9

Topdanmark

6,428.6

1,109.8

Alm. Brand Forsikring

4,766.8

822.9

2011

5,529,888

Sygeforsikring Danmark

2,711.3

468.1

2012

5,543,453

LB Forsikring

2,273.5

392.5

2013

5,556,452

Danske Forsikring

1,864.2

321.8

2014

5,569,077

Alka

1,857.6

320.7

GF-Forsikring

1,536.5

265.3

Alpha Insurance

1,462.0

252.4

POPULATION, 2011-2014 (1)


Year

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Source: Axco Insurance Information Services.

Year

LEADING LIFE INSURANCE COMPANIES, 2012


Gross written premiums
Company

DKK Mn

USD Mn

PFA Pension

20,221.3

3,491.0

Danica Pension

16,638.2

2,872.4

Nordea Liv & Pension A/S

13,959.4

2,409.9

GDP

2009

$213.6

2010

197.7

2011

201.4

2012

208.8

2013

211.3

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of countries. GDP estimate for July for each year shown.
Source: U.S. Central Intelligence Agency.

PensionDanmark

10,653.5

1,839.2

SAMPENSION KP
Livforsikring

7,836.6

1,352.9

Industriens
Pensionsforsikring

6,999.3

1,208.4

AP Pension

6,876.9

1,187.2

Pen-Sam Liv

4,980.7

859.9

SEB Pensionsforsikring

4,362.5

753.1

Nonlife premiums (1)

Laerernes Pension

4,224.2

729.3

Life premiums

Source: Axco Insurance Information Services.

Population

LIFE AND NONLIFE INSURANCE PREMIUMS, 2013


(U.S. $ millions)
Direct premiums
written

Total premiums
Percent of total world
premiums

$11,366
22,981
$34,347
0.74%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

36

Dominican Republic
INSURANCE ASSOCIATION
LEADING NONLIFE INSURANCE COMPANIES, 2013
Gross written premiums
Company

DOP Mn

USD Mn

Universal

6,086.3

145.6

Banreservas

3,804.3

91.0

MAPFRE

3,516.5

84.1

Dominican Association of Insurers and Reinsurers


Camara Dominicana de Aseguradores y
Reaseguradores Inc.
Web: www.cadoar.org.do
POPULATION, 2011-2014 (1)
Year

Population

Sura

2,708.1

64.8

2011

9,956,648

Colonial

2,443.3

58.4

2012

10,088,598

Constitucion

1,252.0

30.0

2013

10,219,630

Monumental

644.4

15.4

2014

10,349,741

Pepin

592.5

14.2

General

271.4

6.5

Dominicana

248.5

5.9

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Source: Axco Insurance Information Services.

Year

LEADING LIFE INSURANCE COMPANIES, 2013


Gross written premiums
Company

DOP Mn

USD Mn

Universal

2,400.8

57.4

Banreservas

1,081.9

25.9

MAPFRE

954.0

22.8

Colonial

768.6

18.4

Scotia Seguros

750.3

18.0

Worldwide

679.7

16.3

Sura

368.6

8.8

Vivir (Unido)

176.8

4.2

BMI

132.7

3.2

Constitucion

129.3

3.1

Source: Axco Insurance Information Services.

GDP

2009

$83.3

2010

78.9

2011

84.9

2012

93.2

2013

101.0

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of 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 premiums
written
Nonlife premiums (1)

$619

Life premiums

120

Total premiums
Percent of total world
premiums

$739
0.02%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

37

Ecuador
LEADING NONLIFE INSURANCE COMPANIES, 2013
Gross written premiums
Company

INSURANCE ASSOCIATION
Asociacion de Companias de Seguros del Ecuador
Web: www.acose.org

USD Mn

Equinoccial

235.3

Colonial

199.5

Sucre

187.5

Year

ACE Seguros

185.8

2011

15,007,343

MAPFRE-ATLAS

83.0

2012

15,223,680

AIG Metropolitana

79.9

2013

15,439,429

Liberty Seguros

73.8

2014

15,654,411

Seguros Unidos

67.3

Aseguradora Del Sur

58.4

Latina Seguros

55.5

Source: Axco Insurance Information Services.

POPULATION, 2011-2014 (1)

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

LEADING LIFE INSURANCE COMPANIES, 2013

Year

Gross written premiums


Company

Population

USD Mn

GDP

2009

$107.0

2010

107.1

2011

115.3

Seguros De Pichincha

99.8

2012

124.8

Equivida

50.3

2013

157.6

ACE Seguros

30.1

Pan American Life


Insurance

25.8

Ecuatoriano Suiza

21.0

Sucre

20.8

Liberty Seguros

19.3

Colvida

18.7

Coopseguros

12.3

AIG Metropolitana

11.1

Source: Axco Insurance Information Services.

(1) Based on Purchasing Power Parity calculations, which take


into account the relative cost of living and inflation rates of
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 premiums
written
Nonlife premiums (1)

$1,377

Life premiums

282

Total premiums

$1,659

Percent of total world


premiums

0.04%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

38

Egypt
LEADING NONLIFE INSURANCE COMPANIES, 2012

Insurance Federation of Egypt


Web: www.ifegypt.org

Gross written
premiums
Company
Misr

EGP Mn

INSURANCE ASSOCIATION

USD Mn

3,290.9

543.4

Suez Canal

384.0

63.4

Arab Misr

301.4

49.8

Bupa International Egypt

270.7

44.7

AIG Egypt

257.8

42.6

Allianz Egypt

239.3

39.5

Egyptian Takaful

220.5

36.4

Delta

215.6

35.6

Royal

211.0

34.8

Egyptian Saudi Insurance


House

158.5

26.2

POPULATION, 2011-2014 (1)


Year
2011

82,079,636

2012

83,688,164

2013

85,294,388

2014

86,895,099

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Source: Axco Insurance Information Services.

Year

LEADING LIFE INSURANCE COMPANIES, 2012


Gross written premiums
Company

EGP Mn

USD Mn

Misr 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

32.1

NSGB Life

154.3

25.5

Delta

124.8

20.6

Egyptian Life Takaful

85.5

14.1

Mohandes

59.8

9.9

8.6

1.4

Nile Family Takaful

Source: Axco Insurance Information Services.

Population

GDP

2009

$452.5

2010

470.4

2011

500.9

2012

515.4

2013

551.4

(1) Based on Purchasing Power Parity calculations, which take


into account the relative cost of living and inflation rates of
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 premiums
written
Nonlife premiums (1)

$1,051

Life premiums

800

Total premiums

$1,851

Percent of total world


premiums

0.04%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

39

El Salvador
INSURANCE ASSOCIATION

LEADING INSURANCE COMPANIES, 2012


Gross written
premiums
Company

USD Mn

Asociacion Salvadorena de Empresas de Seguros


Web: www.ases.com.sv
POPULATION, 2011-2014 (1)

SISA VIDA, Seguros de


Personas

74.2

Aseguradora Agricola
Comercial SA (ACSA)

73.8

La Centro Americana

61.5

ASESUISA VIDA, Seguros de


Personas

58.5

Year

Population

2011

6,071,774

2012

6,090,646

2013

6,108,590

2014

6,125,512

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

Seguros e Inversiones

38.9

Aseguradora Suiza
Salvadorena

35.6

CHARTIS VIDA, Seguros de


Personas

32.2

Scotia Seguros

32.2

Year

Pan American Life Insurance

20.5

2009

NA

Seguros Comerciales Bolivar

19.1

2010

$43.2

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Source: Axco Insurance Information Services.

GDP

2011

44.0

2012

44.8

2013

47.5

(1) Based on Purchasing Power Parity calculations, which take


into account the relative cost of living and inflation rates of
countries. GDP estimate for July for each year shown.
NA=Data not available.
Source: U.S. Central Intelligence Agency.

LIFE AND NONLIFE INSURANCE PREMIUMS, 2010


(U.S. $ millions)
Direct premiums
written
Nonlife premiums (1)

$364

Life premiums

188

Total premiums
Percent of total world
premiums

$552
0.01%

(1) Includes accident and health insurance.


Source: Swiss Re, sigma, No. 2/2011.

2015 International Insurance Fact Book

updates at www.iii.org/international/

40

Finland
LEADING NONLIFE INSURANCE COMPANIES, 2012
Gross written premiums
Company

EUR Mn

INSURANCE ASSOCIATION
Federation of Finnish Insurance Companies
Web: www.vakes.fi

USD Mn

Pohjola

990.1

1,272.1

If P&C

924.7

1,188.1

Tapiola

680.3

874.1

Year

Fennia

375.6

482.6

2011

5,259,250

Mutual Insurance
Associations

213.5

274.4

2012

5,262,930

2013

5,266,114

2014

5,268,799

Lahivakuutus (Local
Insurance Mutual
Company)

148.2

190.4

AVakuutus Oy

100.0

128.5

Pohjantahti

87.9

113.0

Turva

84.0

107.9

Aktia

71.2

91.5

POPULATION, 2011-2014 (1)

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Source: Axco Insurance Information Services.

Year

LEADING LIFE INSURANCE COMPANIES, 2012


Gross written premiums
Company
Nordea Life

EUR Mn

USD Mn

1,184.7

1,522.2

Mandatum Life

947.0

1,216.8

OP Life

840.7

1,080.1

Tapiola Life

326.4

419.4

Aktia Life

111.3

143.0

Fennia Life

90.5

116.3

Duo

67.5

86.8

Kaleva

57.4

73.8

Suomi

56.4

72.4

Aurum

45.0

57.8

Source: Axco Insurance Information Services.

Population

GDP

2009

$201.2

2010

181.4

2011

187.6

2012

195.6

2013

195.5

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of 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 premiums
written
Nonlife premiums (1)

$5,243

Life premiums

22,363

Total premiums
Percent of total world
premiums

$27,606
0.59%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

41

France
LEADING NONLIFE INSURANCE COMPANIES, 2012
Gross written premiums
Company

EUR Mn

USD Mn

Cova (MAAF, MMA,


GMF)

9,600.0

12,334.7

GROUPAMA

8,000.0

10,278.9

SFEREN

7,800.0

10,021.9

INSURANCE ASSOCIATION
Insurance Federation
Federation Franaise des Societes d'Assurances
Web: www.ffsa.fr

POPULATION, 2011-2014 (1)


Year

Population

AXA

6,800.0

8,737.1

2011

65,312,249

Allianz France

5,700.0

7,323.7

2012

65,630,692

GENERALI France

4,300.0

5,524.9

2013

65,951,611

Groupe Crdit Agricole


Assurance

2,500.0

3,212.2

2014

66,259,012

BNP Paribas Cardif

670.0

860.9

Socit Gnrale
Insurance

400.0

513.9

Cova (MAAF, MMA,


GMF)

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)


9,600.0

12,334.7
Year

Source: Axco Insurance Information Services.

LEADING LIFE INSURANCE COMPANIES, 2012


Gross written premiums
Company

EUR Mn

USD Mn

2009

$2,097.0

2010

2,113.0

2011

2,160.0

2012

2,214.0

2013

2,273.0

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of countries. GDP estimate for July for each year shown.
Source: U.S. Central Intelligence Agency.

CNP Assurances

21,500.0

27,624.5

Groupe Credit Agricole


Assurances

16,200.0

20,814.8

AXA

14,400.0

18,502.0

BNP Paribas Cardif

10,200.0

13,105.6

Generali 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

Total premiums

SFEREN

2,600.0

3,340.6

Percent of total world


premiums

Source: Axco Insurance Information Services.

GDP

LIFE AND NO NLIFE INSURANCE PREMIUMS, 2013


(U.S. $ millions)
Direct premiums
written
Nonlife premiums (1)

$93,112

Life premiums

149,346
$242,459
5.26%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

42

Germany
LEADING NONLIFE INSURANCE COMPANIES, 2012
Gross written premiums
Company

EUR Mn

USD Mn

INSURANCE ASSOCIATION
German Insurance Association
Gesamtverband der Deutschen
Versicherungswirtschaft eV
Web: www.gdv.de

Allianz Vers

9,046.0

11,622.9

AXA Vers

3,694.0

4,746.3

R+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

2011

81,471,834
81,305,856

POPULATION, 2011-2014 (1)


Year

Population

Ergo Versicherung

2,719.0

3,493.5

2012

LVM Sach

1,757.0

2,257.5

2013

81,147,265

Generali Versicherung

1,706.0

2,192.0

2014

80,996,685

Wuertt Vers

1,477.0

1,897.7

PensionsSicherungsV

1,474.0

1,893.9

Source: Axco Insurance Information Services.

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

LEADING LIFE INSURANCE COMPANIES, 2012

Year

Gross written premiums


Company
Allianz leben
R+V Lebensvers

EUR Mn

USD Mn

GDP

2009

$2,863.0

2010

2,812.0

2011

2,960.0

14,558.0

18,705.0

2012

3,085.0

4,725.0

6,071.0

2013

3,227.0

AachenMuenchener Leben

4,479.0

5,754.9

Generali Leben

4,053.0

5,207.6

Zurich Dtsch. Herold

3,713.0

4,770.7

Debeka Leben

3,513.0

4,513.7

Ergo Leben Ag

3,253.0

4,179.7

Cosmos Leben

2,791.0

3,586.1

Nuernbgerger Leben

2,383.0

3,061.8

Bayern-Versicherung

2,282.0

2,932.1

Source: Axco Insurance Information Services.

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of 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 premiums
written
Nonlife premiums (1)
Life premiums
Total premiums
Percent of total world
premiums

$132,813
114,349
$247,162
5.33%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

43

Greece
LEADING NONLIFE INSURANCE COMPANIES, 2012
Gross written premiums
Company

EUR Mn

INSURANCE ASSOCIATION
Association of Insurance Companies of Greece
Web: www.eaee.gr/cms/

USD Mn

Ethniki

295.4

379.6

Interamerican Property

220.8

283.7

Intersalonika General

152.8

196.4

Year

ERGO General

136.2

175.1

2011

10,760,136

ATE Insurance

132.0

169.6

2012

10,767,827

European Reliance

130.9

168.2

2013

10,772,967

Idrogios General

122.6

157.6

2014

10,775,557

AXA

119.9

154.1

Allianz Hellas

113.8

146.2

Groupama Phoenix

107.8

138.5

Source: Axco Insurance Information Services.

POPULATION, 2011-2014 (1)

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

LEADING LIFE INSURANCE COMPANIES, 2012

Year

Gross written premiums


Company

EUR Mn

Population

USD Mn

GDP

2009

$351.3

2010

339.2

2011

321.7

Ethniki

335.5

431.1

2012

305.6

ING Life

306.9

394.4

2013

267.1

MetLife Alico Life

263.1

338.1

Eurolife ERB Life

242.0

310.9

Interamerican Life

200.3

257.4

Credit Agricole Life

160.4

206.1

88.6

113.9

Allianz Hellas
AXA

74.8

96.1

Groupama Phoenix

60.1

77.2

Generali Hellas

58.1

74.7

Source: Axco Insurance Information Services.

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of 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 premiums
written
Nonlife premiums (1)
Life premiums

$3,116
2,143

Total premiums

$5,259

Percent of total world


premiums

0.11%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

44

Guatemala
LEADING LIFE AND NONLIFE INSURANCE
COMPANIES, 2013
Gross written premiums
Company

GTQ Mn

Guatemalan Insurance Association


Web: www.agis.com.gt/

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 Seguros
Guatemala, S. A.

341.2

43.4

Seguros Universales, S.
A.

334.3

42.6

Aseguradora Rural, S. A.

313.2

39.9

Pan-American Life
Insurance de Guatemala,
Compania de Seguros

273.7

34.8

Credito Hipotecario
Nacional 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.


Source: Axco Insurance Information Services.

INSURANCE ASSOCIATION

POPULATION, 2011-2014 (1)


Year

Population

2011

13,824,463

2012

14,099,032

2013

14,373,472

2014

14,647,083

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

GROSS DOMESTIC PRODUCT, 2012-2013 (1)


Year

GDP

2012

$74.6

2013

81.5

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of 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 premiums
written
Nonlife premiums (1)

$544

Life premiums

135

Total premiums
Percent of total world
premiums

$679
0.01%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

45

Hong Kong
LEADING NONLIFE INSURANCE COMPANIES, 2013
Gross written premiums
Company

HDK Mn

INSURANCE ASSOCIATION
Hong Kong Federation of Insurers
Web: www.hkfi.org.hk

USD Mn

AXA General

3,501.1

450.6

Zurich Insurance

2,615.0

336.6

Bupa

2,094.2

269.5

BOC Group Insurance

1,783.7

229.6

2011

7,122,508

CTPI(HK)

1,782.0

229.4

2012

7,153,519

AIG Insurance HK

1,712.7

220.4

2013

7,182,724

QBE HKSI

1,423.0

183.1

2014

7,112,688

Asia Insurance

1,415.9

182.2

CNOOC Insurance

1,409.4

181.4

MSIG Insurance

1,082.0

139.3

Source: Axco Insurance Information Services.

POPULATION, 2011-2014 (1)


Year

(1) Estimated.
Source: U.S. Central Intelligence Agency.
GROSS DOMESTIC PRODUCT, 2009-2013 (1)

LEADING LIFE INSURANCE COMPANIES, 2013

Year

Gross written premiums


Company

HDK Mn

Population

USD Mn

HSBC Life

43,190.0

5,558.6

AIA International

32,931.7

4,238.3

Prudential (UK)

27,132.9

3,492.0

Manulife (Int'l)

20,294.9

2,612.0

China Life

19,513.0

2,511.3

BOC Group Life

17,981.7

2,314.2

AXA China (Bermuda)

13,582.7

1,748.1

Hang Seng Insurance

11,141.2

1,433.9

FWD Life

8,015.9

1,031.6

Sun Life Hong Kong

6,385.9

821.9

Source: Axco Insurance Information Services.

GDP

2009

$318.2

2010

301.3

2011

327.0

2012

353.7

2013

381.7

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of 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 premiums
written
Nonlife premiums (1)

$4,016

Life premiums

32,059

Total premiums
Percent of total world
premiums

$36,075
0.78%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

46

Hungary
LEADING NONLIFE INSURANCE COMPANIES, 2013
Gross written premiums
Company

HUF Mn

USD Mn

INSURANCE ASSOCIATION
Association of Hungarian Insurance Companies
MABISZ
Web: www.mabisz.hu

Allianz Hungaria

79,868.9

357.0

Generali-Providencia

70,999.6

317.4

Aegon

44,823.9

200.4

Year

Groupama Garancia

43,886.7

196.2

2011

9,976,062

UNIQA

30,940.8

138.3

2012

9,958,453

Union

25,415.9

113.6

2013

9,939,470

K&H

17,756.2

79.4

2014

9,919,128

AIG

7,820.8

35.0

MP Hungarian Post

7,703.1

34.4

KOBE

7,089.1

31.7

POPULATION, 2011-2014 (1)

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Source: Axco Insurance Information Services.

Year

LEADING LIFE INSURANCE COMPANIES, 2013


Gross written premiums
Company

HUF Mn

USD Mn

ING

70,961.2

317.2

MPE Hungarian Post Life

50,485.8

225.7

Allianz

49,494.5

221.3

Groupama Garancia

46,167.8

206.4

Generali-Providencia

39,035.2

174.5

Aegon

36,803.0

164.5

UNIQA

29,590.5

132.3

MetLife (AVIVA)

18,847.5

84.3

CIG

16,715.3

74.7

Erste

15,800.7

70.6

Source: Axco Insurance Information Services.

Population

GDP

2009

$205.7

2010

186.3

2011

190.0

2012

195.9

2013

196.6

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of 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 premiums
written
Nonlife premiums (1)
Life premiums

$1,566
1,938

Total premiums

$3,504

Percent of total world


premiums

0.08%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

47

India
LEADING NONLIFE INSURANCE COMPANIES, 2013
Gross written premiums
Company
New India

INR Mn

INSURANCE ASSOCIATION
Insurance Institute of India
Web: www.insuranceinstituteofindia.com

USD Mn

100,379.5

1,878.5

United India

92,660.4

1,734.0

National

91,657.3

1,715.2

Oriental

65,524.0

1,226.2

2011

77,891,220

ICICI Lombard

61,339.9

1,147.9

2012

78,868,711

Bajaj Allianz

40,014.0

748.8

2013

79,853,900

IFFCO Tokio

25,650.3

480.0

2014

1,236,344,631

HDFC Ergo

24,532.0

459.1

Tata AIG

21,350.8

399.6

Reliance General

17,125.6

320.5

POPULATION, 2011-2014 (1)


Year

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Source: Axco Insurance Information Services.

Year

LEADING LIFE INSURANCE COMPANIES, 2013


Gross written premiums
Company
LIC

INR Mn

Population

USD Mn

2,088,035.8

35,510.8

ICICI Prudential

135,382.4

2,302.4

HDFC Standard

113,226.8

1,925.6

SBI Life

104,500.3

1,777.2

Bajaj Allianz

68,927.0

1,172.2

Max Life

66,387.0

1,129.0

Birla Sun Life

52,163.0

887.1

Reliance

40,453.9

688.0

Kotak Mahindra

27,777.8

472.4

TATA AIA

27,604.3

469.5

Source: Axco Insurance Information Services.

GDP

2009

$3,319.0

2010

3,561.0

2011

4,046.0

2012

4,463.0

2013

4,962.0

(1) Based on Purchasing Power Parity calculations, which take


into account the relative cost of living and inflation rates of
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 premiums
written
Nonlife premiums (1)
Life premiums
Total premiums
Percent of total world
premiums

$13,401
52,174
$65,576
1.41%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

48

Indonesia
LEADING NONLIFE INSURANCE COMPANIES, 2012
Gross written premiums
Company

IDR Mn

USD Mn

Sinar Mas

3,444,862.6

367.0

Astra Buana

2,992,196.5

318.8

Jasa Indonesia (Jasindo)


Persero

2,867,632.2

305.5

INSURANCE ASSOCIATION
Insurance and Reinsurance Broker Association of
Indonesia
Asosiasi Broker Asuransi dan Reasuransi Indonesia
Web: www.apparindo.or.id
POPULATION, 2011-2014 (1)
Year

Population

Central Asia

2,013,799.0

214.5

2011

245,613,043

Wahana Tata

1,628,089.2

173.5

2012

248,216,193

Adira Dinamika

1,550,605.6

165.2

2013

251,160,124

Tugu Pratama Indonesia

1,501,494.1

160.0

2014

253,609,643

MSIG Indonesia

1,162,178.3

123.8

Bangun Askrida

1,141,930.3

121.7

Bina Dana Arta

924,850.2

98.5

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Source: Axco Insurance Information Services.

Year

LEADING LIFE INSURANCE COMPANIES, 2012


Gross written premiums
Company

IDR Mn

USD Mn

Allianz Life Indonesia

47,279,571.0

5,036.9

Jiwa Sinar Mas MSIG

18,797,931.0

2,002.6

Prudential Life Assurance

18,136,902.0

1,932.2

Jiwa Manulife Indonesia

8,413,969.0

896.4

Indolife Pensiontama

6,279,758.0

669.0

Axa Mandiri Financial


Services

5,670,374.0

604.1

Jiwa Bersama
Bumiputera 1912

5,453,460.0

581.0

Jiwasraya (Persero)

5,174,636.0

551.3

AIA Financial

5,097,517.0

543.1

Jiwa Mega Life

3,724,326.0

396.8

Source: Axco Insurance Information Services.

GDP

2009

$932.1

2010

968.5

2011

1,033.0

2012

1,121.0

2013

1,285.0

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of 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 premiums
written
Nonlife premiums (1)

$4,254

Life premiums

14,141

Total premiums
Percent of total world
premiums

$18,395
0.40%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

49

Iran
LEADING NONLIFE INSURANCE COMPANIES, 2011
Gross written premiums
Company

IRR Mn

INSURANCE ASSOCIATION
Central Insurance of Iran
Web: www.centinsur.ir

USD Mn

Bimeh Iran

40,017,526.0

3,769.4

Bimeh Asia

10,094,598.0

950.9

Bimeh Alborz

5,297,625.0

499.0

Year

Bimeh Parsian

5,021,191.0

473.0

2011

77,891,220

Bimeh Dana

4,632,579.0

436.4

2012

78,868,711

Bimeh Tosee

3,599,837.0

339.1

2013

79,853,900

Bimeh Karafarin

2,630,728.0

247.8

2014

80,840,713

Bimeh Sina

2,316,118.0

218.2

Bimeh Mellat

2,089,770.0

196.9

Bimeh Day

2,069,740.0

195.0

Source: Axco Insurance Information Services.

POPULATION, 2011-2014 (1)


Population

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)


Year

GDP

2009

$859.7

2010

876.0

2011

863.5

2012

928.9

2013

987.1

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of 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 premiums
written
Nonlife premiums (1)

$8,878

Life premiums

796

Total premiums

$9,675

Percent of total world


premiums

0.21%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

50

Ireland
LEADING NONLIFE INSURANCE COMPANIES, 2011
Gross written premiums
Company

EUR Mn

INSURANCE ASSOCIATION
Irish Insurance Federation
Web: www.iif.ie

USD Mn

Aviva Insurance (Europe)

421.9

586.5

RSA Insurance

377.6

525.0

Quinn Insurance

322.9

448.9

AXA

310.5

431.6

2011

4,670,976

Allianz Plc

306.7

426.4

2012

4,722,028

FBD

303.1

421.4

2013

4,775,982

Zurich Insurance plc

135.0

187.6

2014

4,832,765

Aviva Health

91.5

127.2

Chartis Insurance Ireland

80.0

111.3

Irish Public

79.7

110.8

Source: Axco Insurance Information Services.

POPULATION, 2011-2014 (1)


Year

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

LEADING INSURANCE COMPANIES, 2011

Year

Gross written premiums


Company

EUR Mn

Population

USD Mn

GDP

2009

$198.5

2010

177.0

2011

172.3

Irish Life

3,253.1

4,522.2

2012

182.1

New Ireland

1,569.5

2,181.9

2013

190.4

Zurich 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

604.6

Friends 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

67.5

Source: Axco Insurance Information Services.

(1) Based on Purchasing Power Parity calculations, which take


into account the relative cost of living and inflation rates of
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 premiums
written
Nonlife premiums (1)

$8,851

Life premiums

46,929

Total premiums
Percent of total world
premiums

$55,780
1.20%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

51

Israel
LEADING NONLIFE INSURANCE COMPANIES, 2011
Gross written premiums
Company

ILS Mn

INSURANCE ASSOCIATION
Israel Insurance Association
Web: www.igudbit.org.il

USD Mn

Harel

3,502.3

978.8

The Phoenix

2,354.7

658.1

Clal

2,149.2

600.6

Menora Mivtachim

1,582.9

442.4

2011

7,473,052

Migdal

1,457.9

407.5

2012

7,590,758

Ayalon

1,006.6

281.3

2013

7,707,042

IDI

921.5

257.5

2014

7,821,850

ILD

718.6

200.8

Eliahu

663.8

185.5

AIG

643.3

179.8

Source: Axco Insurance Information Services.

POPULATION, 2011-2014 (1)


Year

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

LEADING LIFE INSURANCE COMPANIES, 2011

Year

Gross written premiums


Company

ILS Mn

Population

USD Mn

GDP

2009

$205.7

2010

205.2

2011

217.1

Migdal

7,189.4

2,009.3

2012

235.1

Clal

4,645.2

1,298.2

2013

274.5

The Phoenix

4,019.7

1,123.4

Harel

3,586.1

1,002.2

Menora Mivtachim

1,789.9

500.2

Clal Health

774.7

216.5

Dykla

622.4

174.0

I.L.D

394.8

110.4

Ayalon

324.8

90.8

Eliahu

282.2

78.9

Source: Axco Insurance Information Services.

(1) Based on Purchasing Power Parity calculations, which take


into account the relative cost of living and inflation rates of
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 premiums
written
Nonlife premiums (1)
Life premiums
Total premiums
Percent of total world
premiums

$6,170
7,329
$13,499
0.29%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

52

Italy
LEADING NONLIFE INSURANCE COMPANIES, 2012
Gross written premiums
Company

EUR Mn

USD Mn

INSURANCE ASSOCIATION
Italian Association of Insurance Companies
Associazione Nazionale fra le Imprese Assicuratrici
Web: www.ania.it

Unipol Assicurazioni

3,654.5

4,695.5

Allianz

3,540.3

4,548.8

Fondiaria Sai

3,467.9

4,455.8

Assicurazioni Generali

3,210.4

4,125.0

2011

61,016,804

Compagnia Di Ass. Di
Milano

2,454.8

3,154.1

2012

61,261,254

Ina Assitalia

1,650.1

2,120.1

2013

61,482,297

Alleanza Toro

1,646.3

2,115.2

2014

61,680,122

Societ Cattolica

1,468.3

1,886.6

Axa Assicurazioni

1,448.3

1,860.9

Societ Reale Mutua

1,392.4

1,789.1

POPULATION, 2011-2014 (1)


Year

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Source: Axco Insurance Information Services.

Year

LEADING LIFE INSURANCE COMPANIES, 2012


Gross written premiums
Company
Poste Vita

EUR Mn

USD Mn

10,516.7

13,512.5

Mediolanum Vita

7,808.5

10,032.9

Intesa Sanpaolo Vita

5,120.7

6,579.4

Fideuram Vita

4,840.6

6,219.5

Alleanza Toro

4,034.2

5,183.4

Population

GDP

2009

$1,801.0

2010

1,756.0

2011

1,782.0

2012

1,826.0

2013

1,805.0

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of countries. GDP estimate for July for each year shown.
Source: U.S. Central Intelligence Agency.

LIFE AND NONLIFE INSURANCE PREMIUMS, 2013


(U.S. $ millions)

Assicurazioni Generali

3,697.4

4,750.7

INA Assitalia

2,741.0

3,521.7

Cardif Vita

2,661.2

3,419.2

Allianz

2,655.8

3,412.3

Nonlife premiums (1)

$50,576

CreditRas Vita

2,371.6

3,047.2

Life premiums

117,978

Source: Axco Insurance Information Services.

Direct premiums
written

Total premiums
Percent of total world
premiums

$168,554
3.63%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

53

Jamaica
LEADING NONLIFE INSURANCE COMPANIES, 2012
Gross written premiums
Company

JMD Mn

INSURANCE ASSOCIATION
The Insurance Association of Jamaica
Web: www.iaj-online.com

USD Mn

Advantage General

4,794.0

54.0

Jamaica International

3,988.8

44.9

General Accident (GA)

3,789.0

42.7

Year

West Indies Alliance

3,310.2

37.3

2011

2,868,380

British Caribbean (BCIC)

3,239.2

36.5

2012

2,889,187

JN General Insurance

2,968.2

33.4

2013

2,909,714

2014

2,930,050

Insurance Company of the


West Indies

2,863.5

32.3

Globe

2,346.7

26.4

Chartis

1,798.4

20.3

710.8

8.0

Key

POPULATION, 2011-2014 (1)

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Source: Axco Insurance Information Services.

Year

LEADING LIFE INSURANCE COMPANIES, 2012


Gross written premiums
Company
Sagicor Life Jamaica

JMD Mn

USD Mn

19,530.2

220.1

Guardian Life

8,882.6

100.1

Scotia Life Jamaica

1,732.7

19.5

NCB Insurance

1,656.1

18.7

CUNA Mutual

1,337.4

15.1

Source: Axco Insurance Information Services.

Population

GDP

2009

$21.6

2010

23.4

2011

23.9

2012

24.6

2013

25.1

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of 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 premiums
written
Nonlife premiums (1)

$437

Life premiums

246

Total premiums
Percent of total world
premiums

$683
0.01%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

54

Japan
LEADING NONLIFE INSURANCE COMPANIES, 2012
Gross written premiums
Company

JYP Mn

INSURANCE ASSOCIATION
General Insurance Association of Japan
Web: www.sonpo.or.jp/en

USD Mn

Tokio Marine & Nichido

2,123,797.9

26,617.2

Mitsui Sumitomo

1,536,901.3

19,261.7

Sompo Japan

1,517,884.5

19,023.4

Aioi Nissay Dowa

1,243,701.3

15,587.1

2011

126,475,664

Nipponkoa

728,297.3

9,127.6

2012

127,368,088

Fuji

307,197.6

3,850.1

2013

127,253,075

AIU

242,722.5

3,042.0

2014

127,103,388

Kyoei

203,270.2

2,547.6

Nisshin

150,313.7

1,883.9

83,026.5

1,040.6

American Home

Source: Axco Insurance Information Services.

POPULATION, 2011-2014 (1)


Year

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

LEADING LIFE INSURANCE COMPANIES, 2012

Year

Gross written premiums


Company

JPY Mn

Population

USD Mn

GDP

2009

$4,487.0

2010

4,141.0

2011

4,338.0

Nippon

5,341,477.0

66,943.8

2012

4,389.0

Japan Post

3,796,214.0

47,577.3

2013

4,729.0

Meiji Yasuda

3,651,060.0

45,758.1

Sumitomo

3,140,241.0

39,356.1

Dai-ichi

2,912,020.0

36,495.9

Aflac

1,985,672.0

24,886.1

MetLife Alico

1,282,964.0

16,079.2

Taiyo

1,018,215.0

12,761.1

Prudential Gibraltar
Financial

962,872.0

12,067.5

Sony

924,472.0

11,586.3

Source: Axco Insurance Information Services.

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of 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 premiums
written
Nonlife premiums (1)
Life premiums
Total premiums
Percent of total world
premiums

$108,773
422,733
$531,506
11.45%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

55

Jordan
LEADING NONLIFE INSURANCE COMPANIES, 2012
Gross written premiums
Company

JOD Mn

INSURANCE ASSOCIATION
Jordan Insurance Federation
Web: www.joif.org

USD Mn

Arab Orient Insurance

77.6

109.3

Jordan Insurance

35.8

50.4

Middle East Insurance

30.2

42.5

Year

First Insurance

21.3

30.0

2011

6,508,271

Jordan French Insurance

20.6

29.0

2012

6,508,887

Jordan Emarets
Insurance

18.1

25.5

2013

6,482,081

Islamic Insurance

15.7

22.1

2014

7,930,491

Euro Arab Insurance


Group

15.3

21.6

Jordan International
Insurance

15.2

21.5

Jerusalem Insurance

14.5

20.4

POPULATION, 2011-2013 (1)

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

GROSS DOMESTIC PRODUCT, 2009-2012 (1)


Year

Source: Axco Insurance Information Services.

LEADING LIFE INSURANCE COMPANIES, 2012


Gross written premiums
Company

JOD Mn

USD Mn

American Life Insurance

11.9

16.7

GDP

2009

$31.0

2010

33.1

2011

33.8

2012

36.8

2013

40.0

(1) Based on Purchasing Power Parity calculations, which take


into account the relative cost of living and inflation rates of
countries. GDP estimate for July for each year shown.
Source: U.S. Central Intelligence Agency.

Jordan Insurance

10.6

14.9

Al Nisr Insurance

9.0

12.7

Middle East Insurance

3.1

4.4

Islamic Insurance

2.8

3.9

Arabia Insurance-Jordan

1.7

2.4

Arab Life and Accident


Insurance

1.1

1.5

United Insurance

0.9

1.2

Nonlife premiums (1)

Jordan French Insurance

0.8

1.2

Life premiums

Arab German Insurance

0.6

0.8

Total premiums

Source: Axco Insurance Information Services.

Population

LIFE AND NONLIFE INSURANCE PREMIUMS, 2013


(U.S. $ millions)
Direct premiums
written

Percent of total world


premiums

$620
66
$686
0.01%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

56

Kazakhstan
LEADING NONLIFE INSURANCE COMPANIES, 2012
Gross written premiums
Company

KZT Mn

USD Mn

POPULATION, 2011-2014 (1)


Year

Population

Eurasia

27,082.2

181.6

Kaspi Insurance

22,701.7

152.3

2011

15,522,373

Halyk-Kazakhinstrakh

17,485.2

117.3

2012

17,522,010

NOMAD Insurance

14,095.5

94.5

2013

17,736,896

Oil Insurance Company

10,215.7

68.5

2014

17,948,816

Tsesnabank

9,632.7

64.6

NOMAD Life

8,764.9

58.8

Kazkommerts-Policy

8,336.4

55.9

BTA Insurance

6,496.1

43.6

London Almaty

4,866.6

32.6

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Source: Axco Insurance Information Services.

Year
LEADING LIFE INSURANCE COMPANIES, 2012
Gross written premiums
Company

KZT Mn

USD Mn

Kazkommerts-Life

9,912.5

66.5

Nomad Life

9,606.9

64.4

BTA Life

8,534.7

57.2

Halyk-Life

8,475.2

56.8

Generali Life

8,124.9

54.5

State Annuity Company

5,325.5

35.7

Alliance-Life Insurance

2,460.8

16.5

Source: Axco Insurance Information Services.

GDP

2009

$184.3

2010

175.1

2011

197.7

2012

214.5

2013

243.6

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of 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 premiums
written
Nonlife premiums (1)

$1,292

Life premiums

372

Total premiums

$1,664

Percent of total world


premiums

0.04%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

57

Kenya
LEADING NONLIFE INSURANCE COMPANIES, 2013
Gross written premiums
Company

KES Mn

INSURANCE ASSOCIATION
The Association of Kenya Insurers
Web: www.akinsure.com

USD Mn

Jubilee

8,651.5

100.3

CIC General

8,058.2

93.5

UAP Insurance

7,686.0

89.1

APA

6,554.0

76.0

2011

41,070,934

ICEA Lion General

4,563.5

52.9

2012

43,013,341

British American

3,826.4

44.4

2013

44,037,656

Heritage

3,549.1

41.2

2014

45,010,056

AIG Kenya

3,504.7

40.7

First Assurance

3,242.8

37.6

GA

3,088.7

35.8

Source: Axco Insurance Information Services.

POPULATION, 2011-2014 (1)


Year

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

LEADING LIFE INSURANCE COMPANIES, 2013

Year

Gross written premiums


Company

KES Mn

Population

USD Mn

GDP

2009

$66.5

2010

63.5

2011

66.0

British American

8,027.3

93.1

2012

71.5

Jubilee

6,812.9

79.0

2013

79.9

ICEA Lion Life

6,456.3

74.9

Pan Africa

5,570.4

64.6

CFC Life

4,096.0

47.5

CIC Life

3,003.1

34.8

Kenindia

2,118.6

24.6

UAP Life

1,851.6

21.5

Old Mutual

1,441.9

16.7

Madison

1,244.1

14.4

(1) Based on Purchasing Power Parity calculations, which take


into account the relative cost of living and inflation rates of
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 premiums
written

Source: Axco Insurance Information Services.

Nonlife premiums (1)

$1,000

Life premiums

520

Total premiums

$1,520

Percent of total world


premiums

0.03%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

58

Kuwait
LEADING NONLIFE INSURANCE COMPANIES, 2012
Gross written premiums
Company

KWD Mn

POPULATION, 2011-2014 (1)

USD Mn

Year

Population

Kuwait Insurance Company

26.8

95.7

Gulf Insurance Company

23.8

85.1

2011

2,595,628

2012

2,646,314

2013

2,695,316

2014

2,742,711

Warba Insurance Company

20.7

74.0

Al-Ahleia Insurance
Company

19.3

68.7

Bahrain Kuwait Insurance


Company

7.6

27.3

National Takaful Insurance


Company

5.5

19.7

Enaya Insurance Company

5.4

19.3

First Takaful Insurance


Company

5.0

17.7

Oriental Insurance Company

4.2

14.9

Al-Muthanna Takaful
Insurance

3.9

13.8

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)


Year

Source: Axco Insurance Information Services.

LEADING LIFE INSURANCE COMPANIES, 2012


Gross written premiums
Company

KWD Mn

USD Mn

Gulf Life Insurance Company

42.0

149.9

2009

$157.9

2010

148.7

2011

144.3

2012

149.8

2013

165.8

(1) Based on Purchasing Power Parity calculations, which take


into account the relative cost of living and inflation rates of
countries. GDP estimate for July for each year shown.
Source: U.S. Central Intelligence Agency.

MetLife Alico Kuwait

11.8

42.1

Al-Ahleia Insurance
Company

7.1

25.5

Kuwait Insurance Company

5.5

19.6

Al-Muthanna Takaful
Insurance Company

3.4

12.3

Warba Insurance Company

3.2

11.2

Legal and General Gulf

2.2

7.8

Nonlife premiums (1)


Life premiums

Gulf Takaful Insurance


Company

1.8

6.5

Boubyan Takaful Insurance


Company

1.6

5.7

Arabia Insurance Company

1.4

4.9

Source: Axco Insurance Information Services.

2015 International Insurance Fact Book

GDP

LIFE AND NONLIFE INSURANCE PREMIUMS, 2013


(U.S. $ millions)
Direct premiums
written
$770
182

Total premiums
Percent of total world
premiums

$952
0.02%

(1) Includes accident and health insurance.


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

updates at www.iii.org/international/

59

Lebanon
LEADING NONLIFE INSURANCE COMPANIES, 2012
Gross written premiums
Company

LBP Mn

USD Mn

INSURANCE ASSOCIATION
Insurance Association
Association des Compagnies d'Assurances au Liban
Web: www.acal.org.lb

Medgulf

160,756.0

106.6

Bankers

123,834.7

82.2

AXA M.E.

119,384.5

79.2

Libano-Suisse

95,466.3

63.3

Arope

80,492.1

53.4

2011

4,143,101
4,140,289

POPULATION, 2011-2014 (1)


Year

Population

Allianz SNA

76,618.9

50.8

2012

Fidelity

74,008.1

49.1

2013

4,131,583

LIA (Lib-Arabe)

60,349.6

40.0

2014

5,882,562

Al-Mashrek

51,560.9

34.2

Arabia

42,960.4

28.5

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

Source: Axco Insurance Information Services.

GROSS DOMESTIC PRODUCT, 2009-2013 (1)


LEADING LIFE INSURANCE COMPANIES, 2012
Year
Gross written premiums
Company

LBP Mn

USD Mn

GDP

2009

$44.1

2010

47.8
58.7

113,202.3

75.1

2011

Allianz SNA

79,678.8

52.9

2012

61.6

Bancassurance

70,906.0

47.0

2013

64.3

ALICO - Metlife

LIA (Lib-Arabe)

62,096.6

41.2

Arope

59,561.9

39.5

Adonis (ADIR)

46,675.2

31.0

Medgulf

19,771.7

13.1

Sogecap

17,647.4

11.7

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of countries. GDP estimate for July for each year shown.
Source: U.S. Central Intelligence Agency.

LIFE AND NONLIFE INSURANCE PREMIUMS, 2013


(U.S. $ millions)

Source: Axco Insurance Information Services.

Direct premiums
written
Nonlife premiums (1)

$1,005

Life premiums

469

Total premiums

$1,475

Percent of total world


premiums

0.03%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

60

Liechtenstein
No data available for leading writers.

INSURANCE ASSOCIATION
Liechtensteinischer Versicherungsverband
Web: www.lvv.li

POPULATION, 2011-2014 (1)


Year

Population

2011

35,236

2012

36,713

2013

37,009

2014

37,313

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

GROSS DOMESTIC PRODUCT, 2009-2014 (1)


Year

GDP

2009

$4.2

2010

4.2

2011

5.0

2012

5.0

2013

3.2

(1) Based on Purchasing Power Parity calculations, which take


into account the relative cost of living and inflation rates of
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 premiums
written
Nonlife premiums (1)

$992

Life premiums

2,643

Total premiums

$3,635

Percent of total world


premiums

0.08%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

61

Lithuania
LEADING NONLIFE INSURANCE COMPANIES, 2013
Gross written premiums
Company

LTL Mn

INSURANCE ASSOCIATION
Association of Lithuanian Insurers
Web: www.draudikai.lt/lt

USD Mn

Lietuvos Draudimas

409.9

157.6

BTA

186.8

71.8

PZU Lietuva

179.7

69.1

Ergo Lietuva

154.7

59.5

Gjensidige Baltic

103.1

39.6

If P&C

92.4

35.5

Compensa Vienna

51.6

19.8

Seesam Lietuva

48.1

18.5

Swedbank

14.6

5.6

Vereinigte Hagel

13.9

5.4

POPULATION, 2011-2014 (1)


Year

Population

2011

3,535,547

2012

3,525,761

2013

3,515,858

2014

3,505,738

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Source: Axco Insurance Information Services.

Year
LEADING LIFE INSURANCE COMPANIES, 2013
Gross written premiums
Company

LTL Mn

USD Mn

Swedbank Elu

136.8

52.6

SEB gyvybes

132.9

51.1

Aviva Lietuva

127.2

48.9

Ergo Lietuva gyvybes

73.9

28.4

Compensa Life Vienna

61.4

23.6

Mandatum Life

58.1

22.3

PZU Lietuvagyvybes

26.1

10.0

Bonum Publicum

18.5

7.1

AMPLICO Life

18.1

7.0

0.1

0.0

Liteuvos Draudimas

Source: Axco Insurance Information Services.

GDP

2009

$65.8

2010

NA

2011

56.2

2012

61.3

2013

67.4

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of countries. GDP estimate for July for each year shown.
NA=Data not available.
Source: U.S. Central Intelligence Agency.

LIFE AND NONLIFE INSURANCE PREMIUMS, 2010


(U.S. $ millions)
Direct premiums
written
Nonlife premiums (1)

$388

Life premiums

207

Total premiums
Percent of total world
premiums

$595
0.01%

(1) Includes accident and health insurance.


Source: Swiss Re, sigma, No. 2/2011.

2015 International Insurance Fact Book

updates at www.iii.org/international/

62

Luxembourg
LEADING NONLIFE INSURANCE COMPANIES, 2012
Gross written premiums
Company

EUR Mn

INSURANCE ASSOCIATION
Insurance Companies' Association
Web: www.aca.lu

USD Mn

Foyer Assurances

289.8

372.4

La Luxembourgeoise

210.6

270.6

AXA Assurances
Luxembourg

101.7

130.6

Baloise Assurances
Luxembourg

2011

503,302

62.3

80.1

2012

509,074

P&V Assurances

26.5

34.0

2013

514,862

2014

520,672

DKV Luxembourg

26.4

33.9

Chartis Europe (AIG)

22.8

29.3

Allianz Insurance
Luxembourg

20.4

26.3

Foyer Sante

14.5

18.7

Foyer Arag

8.2

10.6

POPULATION, 2011-2014 (1)


Year

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Source: Axco Insurance Information Services.

Year

LEADING LIFE INSURANCE COMPANIES, 2012


Gross written premiums
Company
Swiss Life (Luxembourg)

EUR Mn

USD Mn

181.5

233.3

Population

GDP

2009

$41.4

2010

38.1

2011

40.8

2012

43.6

2013

42.7

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of countries. GDP estimate for July for each year shown.
Source: U.S. Central Intelligence Agency.

Sogelife

153.8

197.7

La Luxembourgoise Vie

132.2

169.8

Foyer Vie

108.3

139.1

Cardif Lux Vie

90.5

116.3

Allianz Life Luxembourg

69.1

88.8

AXA Assurances Vie


Luxembourg

53.3

68.5

ING Life Luxembourg

48.8

62.7

Baloise Vie Luxembourg

48.4

62.2

Nonlife premiums (1)

$3,822

Dexia Life & Pensions

28.4

36.5

Life premiums

25,904

Source: Axco Insurance Information Services.

LIFE AND NONLIFE INSURANCE PREMIUMS, 2013


(U.S. $ millions)
Direct premiums
written

Total premiums
Percent of total world
premiums

$29,726
0.64%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

63

Macau
No data available for leading writers.

INSURANCE ASSOCIATION
Macao Insurers Association
Web: www.mia-macau.com
POPULATION, 2011-2014 (1)
Year

Population

2011

573,003

2012

578,025

2013

583,003

2014

587,914

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)


Year

GDP

2009

NA

2010

NA

2011

$18.5

2012

18.5

2013

47.2

(1) Based on Purchasing Power Parity calculations, which take


into account the relative cost of living and inflation rates of
countries. GDP estimate for July for each year shown.
NA=Data not available.
Source: U.S. Central Intelligence Agency.

LIFE AND NONLIFE INSURANCE PREMIUMS, 2012


(U.S. $ millions)
Direct premiums
written
Nonlife premiums (1)

$207

Life premiums

468

Total premiums
Percent of total world
premiums

$674
0.01%

(1) Includes accident and health insurance.


Source: Swiss Re, sigma, No. 3/2013.

2015 International Insurance Fact Book

updates at www.iii.org/international/

64

Malaysia
LEADING NONLIFE INSURANCE COMPANIES, 2012
Gross written premiums
Company

MYR Mn

INSURANCE ASSOCIATION
General Insurance Association of Malyasia
Web: www.piam.org.my

USD Mn

Allianz General

1,674.0

541.9

MSIG

1,326.2

429.4

Etiqa

1,292.1

418.3

Kurnia

1,120.8

362.9

2011

28,728,607

Lonpac

951.4

308.0

2012

29,179,952

Tokio Marine

910.1

294.7

2013

29,628,392

AXA Affin General

826.9

267.7

2014

30,073,353

ACE Jerneh

748.2

242.2

AmG

692.2

224.1

AIG Malaysia

580.6

188.0

Source: Axco Insurance Information Services.

POPULATION, 2011-2014 (1)


Year

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

LEADING LIFE INSURANCE COMPANIES, 2011

Year

Gross written premiums


Company

MYR Mn

Population

USD Mn

GDP

2009

$397.5

2010

378.9

2011

416.7

Great Eastern

5,780.0

1,888.9

2012

447.0

Prudential

4,359.6

1,424.7

2013

525.0

ING

2,486.1

812.5

AIA Bhd

2,411.4

788.0

Hong Leong

1,674.6

547.2

Allianz Life

1,129.4

369.1

Etiqa

608.2

198.8

MCIS Zurich

587.3

191.9

Tokio Marine Life

475.2

155.3

ZURICH

466.7

152.5

Source: Axco Insurance Information Services.

(1) Based on Purchasing Power Parity calculations, which take


into account the relative cost of living and inflation rates of
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 premiums
written
Nonlife premiums (1)
Life premiums
Total premiums
Percent of total world
premiums

$5,161
9,985
$15,146
0.33%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

65

Malta
LEADING NONLIFE INSURANCE COMPANIES, 2005

Malta Insurance Association


Web: www.maltainsurance.org

Gross written premiums


Company

MTL Mn

Middlesea

INSURANCE ASSOCIATION

USD Mn

12.3

35.6

Gasan Mamo

9.3

26.9

Atlas

7.0

20.2

Elmo

5.3

15.3

Citadel

3.3

9.5

POPULATION, 2011-2014 (1)


Year

Source: Axco Insurance Information Services.

LEADING LIFE INSURANCE COMPANIES, 2005


Gross written premiums
Company

MTL Mn

Population

2011

408,333

2012

409,836

2013

411,277

2014

412,655

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

SD Mn
Year

GDP

Middlesea Valletta

39.3

113.6

HSBC Life

17.0

49.1

2009

NA

GlobalCapital

3.8

11.0

2010

$9.7

Middlesea Insurance

0.6

1.7

2011

11.8

0.9

2012

10.9

2013

11.5

Citadel

0.3

Source: Axco Insurance Information Services.

(1) Based on Purchasing Power Parity calculations, which take


into account the relative cost of living and inflation rates of
countries. GDP estimate for July for each year shown.
NA=Data not available.
Source: U.S. Central Intelligence Agency.

LIFE AND NONLIFE INSURANCE PREMIUMS, 2013


(U.S. $ millions)
Direct premiums
written
Nonlife premiums (1)
Life premiums

$2,107
1,365

Total premiums

$3,472

Percent of total world


premiums

0.07%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

66

Mauritius
LEADING NONLIFE INSURANCE COMPANIES, 2012
Gross written premiums
Company

MUR Mn

INSURANCE ASSOCIATION
Financial Services Commission
Web: www.fscmauritius.org/

USD Mn

Swan

1,679.3

55.9

MUA

1,540.0

51.3

Mauritian Eagle

739.4

24.6

SICOM

562.6

18.7

New India

381.0

12.7

Phoenix

242.1

8.1

Jubilee

241.0

8.0

Sun

203.9

6.8

Lamco

181.0

6.0

Lamco

163.8

5.3

POPULATION, 2011-2014 (1)


Year

Population

2011

1,303,717

2012

1,313,095

2013

1,322,238

2014

1,331,155

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Source: Axco Insurance Information Services.

Year
LEADING LIFE INSURANCE COMPANIES, 2012
Gross written premiums
Company
BAI

MUR Mn

USD Mn

6,048.9

201.3

SICOM

3,792.3

126.2

Anglo

2,685.4

89.4

LPM

635.4

21.1

LIC

337.6

11.2

Island Life

186.7

6.2

Mauritian Eagle

184.8

6.2

17.4

0.6

IOGA

Phoenix

5.4

0.2

Lamco

4.3

0.1

Source: Axco Insurance Information Services.

GDP

2009

NA

2010

$15.9

2011

NA

2012

NA

2013

21.0

(1) Based on Purchasing Power Parity calculations, which take


into account the relative cost of living and inflation rates of
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 premiums
written
Nonlife premiums (1)

$212

Life premiums

476

Total premiums
Percent of total world
premiums

$688
0.01%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

67

Mexico
LEADING NONLIFE INSURANCE COMPANIES, 2013
Gross written premiums
Company

MXN Mn

USD Mn

INSURANCE ASSOCIATION
Mexican Association of Insurance Institutions
Asociacion Mexicana de Instituciones de Seguros AC
Web: www.amis.com.mx

Inbursa

17,613.7

1,379.1

AXA Seguros

16,897.1

1,323.0

Qualitas

14,956.9

1,171.1

GNP

10,815.4

846.8

7,905.1

618.9

2011

113,724,226
114,975,406

Mapfre Mexico

POPULATION, 2011-2014 (1)


Year

Population

Banorte Generali

6,957.6

544.8

2012

Aba/Seguros

6,033.7

472.4

2013

116,220,947

Zurich Danos

5,450.7

426.8

2014

120,286,655

BBVA Bancomer

4,936.8

386.5

Atlas

3,898.9

305.3

Source: Axco Insurance Information Services.

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

LEADING LIFE INSURANCE COMPANIES, 2013

Year

Gross written premiums


Company

MXN Mn

USD Mn

GDP

2009

$1,578.0

2010

1,473.0

2011

1,560.0

Metlife Mexico

48,329.6

3,784.0

2012

1,657.0

GNP

31,335.2

2,453.4

2013

1,845.0

BBVA Bancomer

19,440.0

1,522.1

Banamex

19,216.5

1,504.6

Monterrey New York Life

16,941.5

1,326.5

Banorte Generali

15,382.5

1,204.4

AXA Seguros

13,595.9

1,064.5

Zurich Santander

7,101.7

556.0

Inbursa

6,126.5

479.7

Allianz Mexico

5,475.0

428.7

Source: Axco Insurance Information Services.

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of 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 premiums
written
Nonlife premiums (1)
Life premiums
Total premiums
Percent of total world
premiums

$14,884
12,470
$27,354
0.59%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

68

Morocco
LEADING NONLIFE INSURANCE COMPANIES, 2012
Gross written premiums
Company

MAD Mn

USD Mn

INSURANCE ASSOCIATION
Federation Marocaine des Societes d'Assurances et de
Reassurance
Web: www.fmsar.org.ma

RMA Watanya

2,739.4

317.5

Wafa Assurance

2,708.5

313.9

CNIA Saada Insurance

2,699.0

312.8

AXA Assurance Maroc

2,658.4

308.1

2011

31,968,361

Sanad

1,229.4

142.5

2012

32,309,239

Atlanta

1,182.3

137.0

2013

32,649,130

Zurich

1,059.3

122.8

2014

32,987,206

CAT

657.1

76.2

MAMDA

623.2

72.2

MCMA

408.0

47.3

POPULATION, 2011-2014 (1)


Year

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Source: Axco Insurance Information Services.

Year

LEADING LIFE INSURANCE COMPANIES, 2012


Gross written premiums
Company

MAD Mn

Population

USD Mn

Wafa Assurance

3,019.5

349.9

RMA Watanya

2,345.7

271.9

Marocaine Vie

1,023.4

118.6

MCMA

825.3

95.7

AXA Assurance Maroc

789.5

91.5

CNIA Saada Insurance

393.2

45.6

Sanad

209.2

24.2

Atlanta

149.3

17.3

Zurich

21.2

2.5

GDP

2009

$137.4

2010

146.7

2011

153.8

2012

163.0

2013

180.0

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of 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 premiums
written

Source: Axco Insurance Information Services.

Nonlife premiums (1)

$1,927

Life premiums

930

Total premiums

$2,857

Percent of total world


premiums

0.06%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

69

Namibia
LEADING NONLIFE INSURANCE COMPANIES, 2009
Gross written premiums
Company

ZAR Mn

INSURANCE ASSOCIATION
Namibia Insurance Association
Web: www.mbendi.com

USD Mn

Santam

373.0

44.0

M&F

339.9

40.1

Hollard

242.1

28.6

Corporate Guarantee

127.3

15.0

Western

91.0

10.7

Legal Shield

48.6

5.7

Swabou

46.8

5.5

Prosperity

30.2

3.6

Guardrisk

29.2

3.5

NASRIA

14.0

1.7

POPULATION, 2011-2014 (1)


Year

Population

2011

2,147,585

2012

2,165,828

2013

2,182,852

2014

2,198,406

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Source: Axco Insurance Information Services.

Year
LEADING LIFE INSURANCE COMPANIES, 2009
Gross written premiums
Company
OMLAC

NAD Mn

USD Mn

1,798.7

212.3

Sanlam Life Namibia

751.0

88.6

Metropolitan

488.7

57.7

Sanlam Namibia

458.1

54.1

Investment Solutions

331.4

39.1

Momentum

183.0

21.6

Prosperity

74.9

8.8

PPS

60.7

7.2

Namlife

60.3

7.1

Trustco Life

44.3

5.2

Source: Axco Insurance Information Services.

GDP

2009

$11.6

2010

NA

2011

14.6

2012

15.5

2013

17.8

(1) Based on Purchasing Power Parity calculations, which take


into account the relative cost of living and inflation rates of
countries. GDP estimate for July for each year shown.
NA=Data not available.
Source: U.S. Central Intelligence Agency.

LIFE AND NONLIFE INSURANCE PREMIUMS, 2013


(U.S. $ millions)
Direct premiums
written
Nonlife premiums (1)

$279

Life premiums

664

Total premiums
Percent of total world
premiums

$944
0.02%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

70

Netherlands
LEADING NONLIFE INSURANCE COMPANIES, 2012
Gross written premiums
Company

EUR Mn

USD Mn

Centrale Zorgverzekeraars
Groep, Zorgverzekeraar ua OWM

5,398.2

6,935.9

Zilveren Kruis Achmea


Zorgverzekeringen NV

5,382.9

6,916.3

VGZ Zorgverzekeraar NV

4,976.7

6,394.4

Menzis Zorgverzekeraar NV

3,839.1

4,932.7

Agis Zorgverzekeringen NV

3,049.4

3,918.1

Achmea Schadeverzekeringe n
NV

3,007.7

3,864.5

Unive Zorg NV

1,735.7

2,230.1

IZA Zorgverzekeraar NV

1,464.1

1,881.2

Nationale-Nederlan den
Schadeverzekering Maatschappij
NV

1,351.9

1,737.0

Delta Lloyd Schadeverzekering


NV

1,235.5

1,587.4

INSURANCE ASSOCIATION
Insurance Companies Association
Verbond Van Verzekeraars
Web: www.verzekeraars.nl/Paginas/Home.aspx
POPULATION, 2011-2014 (1)
Year
2011

16,847,007

2012

16,730,632

2013

16,805,037

2014

16,877,351

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)


Year

Source: Axco Insurance Information Services.

LEADING LIFE INSURANCE COMPANIES, 2011


Gross written premiums
Company

EUR Mn

USD Mn

Nationale-Nederlanden
Levensverzekering Maatschappij
NV

3,185.3

4,092.6

SRLEV NV

2,436.3

3,130.3

AEGON Levensverzekering NV

2,175.8

2,795.7

Achmea Pensioen-en
Levensverzekeringen NV

2,009.9

2,582.5

Delta Lloyd Levensverzekering


NV

1,957.8

2,515.4

ASR Levensverzekering NV

Population

GDP

2009

$687.5

2010

652.3

2011

680.4

2012

705.7

2013

696.3

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of 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 premiums
written

1,865.6

2,397.1

ABN AMRO Levensverzekering


NV

372.9

479.1

DELA Natura Uitvaart


Verzekeringen NV

335.5

431.1

Total premiums

Allianz Nederland
Levensverzekering NV

264.2

339.4

Percent of total world


premiums

Loyalis Leven NV

248.7

319.6

Nonlife premiums (1)


Life premiums

$75,135
26,005
$101,140
2.18%

(1) Includes accident and health insurance.


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

Source: Axco Insurance Information Services.

2015 International Insurance Fact Book

updates at www.iii.org/international/

71

New Zealand
LEADING NONLIFE INSURANCE COMPANIES, 2012
Gross written premiums
Company

NZD Mn

Insurance Council of New Zealand


Web: www.icnz.org.nz

USD Mn

IAG New Zealand

1,817.9

1,472.8

Vero Insurance

1,126.9

913.0

Lumley General Insurance


(NZ)

433.6

351.3

Tower Insurance

211.1

171.0

AIG Insurance NZ

165.0

133.7

Farmers' Mutual Insurance


Group

164.2

133.1

Allianz New Zealand

140.6

113.9

ACE Insurance

130.4

105.7

AMI Insurance

112.5

91.2

74.4

60.3

Medical Insurance Society

INSURANCE ASSOCIATION

POPULATION, 2011-2014 (1)


Year

Population

2011

4,290,347

2012

4,327,944

2013

4,365,113

2014

4,401,916

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Source: Axco Insurance Information Services.

Year
LEADING LIFE INSURANCE COMPANIES, 2013
Gross written premiums
Company

NZD Mn

USD Mn

Sovereign Assurance

590.3

484.1

AMP Financial Services

437.1

358.4

Fidelity Life Assurance

206.8

169.6

Asteron Life

192.7

158.0

OnePath

169.4

138.9

Westpac Life lnsurance

117.6

96.4

AlA New Zealand

95.9

78.6

BNZ Life

84.4

69.2

CIGNA Life Insurance

80.7

66.2

Partners Life

70.1

57.5

Source: Axco Insurance Information Services.

GDP

2009

$118.9

2010

116.5

2011

119.2

2012

123.3

2013

136.0

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of 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 premiums
written
Nonlife premiums (1)
Life premiums
Total premiums
Percent of total world
premiums

$9,219
1,694
$10,913
0.24%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

72

Nigeria
LEADING NONLIFE INSURANCE COMPANIES, 2011
Gross written premiums
Company

NGN Mn

INSURANCE ASSOCIATION
Nigerian Insurers Association
Web: www.nigeriainsurers.org

USD Mn

Leadway

19,600.4

126.7

Custodian and Allied

10,061.0

65.0

AIICO

8,427.3

54.5

NEM

8,220.5

53.1

2011

155,215,573

Mansard

7,637.0

49.4

2012

170,123,740

Industrial and General

6,672.4

43.1

2013

174,507,539

STACO

6,485.5

41.9

2014

177,155,754

Sovereign Trust

6,407.7

41.4

Royal Exchange

5,887.4

38.1

Zenith General

5,648.8

36.5

Source: Axco Insurance Information Services.

POPULATION, 2011-2014 (1)


Year

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

LEADING LIFE INSURANCE COMPANIES, 2011

Year

Gross written
premiums
Company
AIICO

NGN Mn

USD Mn

10,017.4

64.7

Niger Insurance

4,760.6

30.8

Mutual Benefit

4,602.2

29.7

Leadway

4,485.4

29.0

Industrial and General

3,927.6

25.4

Capital Express

3,357.8

21.7

Mansard

2,367.7

15.3

CrystaLife

2,289.6

14.8

Standard Alliance Life


Assurance

2,157.3

13.9

African Alliance

1,827.9

11.8

Source: Axco Insurance Information Services.

Population

GDP

2009

$328.1

2010

353.2

2011

369.8

2012

414.5

2013

478.5

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of 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 premiums
written
Nonlife premiums (1)

$1,406

Life premiums

457

Total premiums

$1,863

Percent of total world


premiums

0.04%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

73

Norway
LEADING NONLIFE INSURANCE COMPANIES, 2013
Gross written premiums
Company
If Skadeforsikring

NOK Mn

USD Mn

INSURANCE ASSOCIATION
Norweigan Insurance Association
Finansnaeringens Hovedorganisasjon
Web: www.fnh.no

12,256.3

2,086.2

Tryg

7,369.1

1,254.3

SpareBank 1 Forsikring

5,160.0

878.3

Year

DNB Forsikring

2,331.4

396.8

2011

4,691,849

Eika Forsikring

2,115.5

360.1

2012

4,707,270

Codan

1,445.3

246.0

2013

4,722,701

Protector Forsikring

1,250.8

212.9

2014

5,147,792

Frende Skadeforsikring

1,101.4

187.5

891.7

151.8

12,256.3

2,086.2

Storebrand
If Skadeforsikring

POPULATION, 2011-2014 (1)

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Source: Axco Insurance Information Services.

Year

LEADING LIFE INSURANCE COMPANIES, 2013


Gross written premiums
Company

NOK Mn

USD Mn

KLP

24,931.2

4,243.6

DNB Livsforsikring

19,708.7

3,354.7

Storebrand Livsforsikring

15,559.4

2,648.4

Nordea Liv

7,358.1

1,252.4

Oslo Pensjonsforsikring

3,683.5

627.0

SpareBank 1

3,619.0

616.0

Gjensidige Pensjon

1,599.1

272.2

Danica Pensjonsforsikring

1,490.6

253.7

Gjensidige Forsikring

1,419.0

241.5

557.9

95.0

Tryg Fors

Source: Axco Insurance Information Services.

Population

GDP

2009

$267.0

2010

276.5

2011

276.4

2012

264.5

2013

282.2

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of 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 premiums
written
Nonlife premiums (1)
Life premiums
Total premiums
Percent of total world
premiums

$10,238
13,909
$24,147
0.52%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

74

Oman
LEADING NONLIFE INSURANCE COMPANIES, 2013
Gross written premiums
Company

OMR Mn

INSURANCE ASSOCIATION
Capital Markets Authority
Web: omancma.org

USD Mn

Dhofar Insurance
Company

62.4

162.2

National Life Insurance

56.0

145.5

Oman United Insurance

40.3

104.8

Al Ahlia Insurance
Company

2011

3,027,959

34.4

89.5

2012

3,090,150

The New India Assurance

29.5

76.5

2013

3,154,134

2014

3,219,775

AXA Insurance

20.9

54.3

Oman & Qater Insurance

18.8

48.8

Al MaDina Insurance

17.7

46.0

Falcon Insurance

13.1

33.9

Vision Insurance

12.7

33.0

POPULATION, 2011-2014 (1)


Year

Population

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Source: Axco Insurance Information Services.

Year
LEADING LIFE INSURANCE COMPANIES, 2013
Gross written premiums
Company

OMR Mn

Dhofar Insurance Company

62.4

USD Mn
162.2

National Life Insurance

56.0

145.5

Oman United Insurance

40.3

104.8

Al Ahlia Insurance Company

34.4

89.5

The New India Assurance

29.5

76.5

AXA Insurance

20.9

54.3

Oman & Qater Insurance

18.8

48.8

Al MaDina Insurance

17.7

46.0

Falcon Insurance

13.1

33.9

Vision Insurance

12.7

33.0

Source: Axco Insurance Information Services.

GDP

2009

$67.5

2010

69.4

2011

76.5

2012

80.9

2013

94.9

(1) Based on Purchasing Power Parity calculations, which take


into account the relative cost of living and inflation rates of
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 premiums
written
Nonlife premiums (1)

$859

Life premiums

88

Total premiums
Percent of total world
premiums

$947
0.02%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

75

Pakistan
LEADING NONLIFE INSURANCE COMPANIES, 2012
Gross written premiums
Company
EFU General

PKR Mn

INSURANCE ASSOCIATION
Insurance Association of Pakistan
Web: www.iap.net.pk

USD Mn

12,360.0

132.3

Adamjee Insurance

8,188.0

87.7

New Jubilee

6,007.9

64.3

Year

IGI

1,846.9

19.8

2011

187,342,721

Atlas (excl Muslim


Insurance)

1,500.3

16.1

2012

190,291,129

United Insurance of
Pakistan

2013

193,238,868

1,422.9

15.2

2014

196,174,380

Askari General

1,413.6

15.1

New Hampshire

1,399.6

15.0

Premier Insurance of
Pakistan

1,069.0

11.5

Alfalah

1,060.2

11.4

POPULATION, 2011-2014 (1)

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Source: Axco Insurance Information Services.

Year

LEADING LIFE INSURANCE COMPANIES, 2012


Gross written premiums
Company
State Life

PKR Mn

USD Mn

53,913.0

577.3

Jubilee Life

12,080.2

129.3

EFU Life

11,873.8

127.1

ALICO

4,170.4

44.7

Adamjee Life

2,297.2

24.6

669.9

7.2

Asia Care Health

Population

GDP

2009

$454.2

2010

448.1

2011

451.2

2012

488.0

2013

574.1

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of countries. GDP estimate for July for each year shown.
Source: U.S. Central Intelligence Agency.

LIFE AND NONLIFE INSURANCE PREMIUMS, 2013


(U.S. $ millions)

Source: Axco Insurance Information Services.

Direct premiums
written
Nonlife premiums (1)

$619

Life premiums

1,048

Total premiums

$1,667

Percent of total world


premiums

0.04%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

76

Panama
LEADING NONLIFE INSURANCE COMPANIES, 2013
Gross written premiums
Company

USD Mn

ASSA

130.2

Internacional de Seguros

120.7

MAPFRE

87.3

Assicurazioni Generali

60.5

Aseguradora Ancon

55.8

Nacional de Seguros de
Panama y Centroamerica

40.0

Suramericana

35.8

AIG Seguros Panama

31.1

Banesco Seguros

29.9

Seguros Banistmo

28.0

Source: Axco Insurance Information Services.

INSURANCE ASSOCIATION
Panamanian Insurance Association
Asociacion Panamena de Aseguradores
Web: www.bnamericas.com

POPULATION, 2011-2014 (1)


Year
2011

3,460,462

2012

3,510,045

2013

3,559,408

2014

3,608,431

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

LEADING LIFE INSURANCE COMPANIES, 2011

Year

Gross written premiums


Company

USD Mn

Pan American Life


Insurance de Panama

83.6

Internacional de Seguros

82.5

MAPFRE

77.8

ASSA

77.1

Assicurazioni Generali

46.2

Seguros Banistmo

25.2

World Wide Medical


Assurance

21.3

Aseguradora Ancon

14.6

Suramericana

14.2

Empresa General de
Seguros

12.9

Source: Axco Insurance Information Services.

Population

GDP

2009

$39.3

2010

40.3

2011

44.8

2012

48.8

2013

61.5

(1) Based on Purchasing Power Parity calculations, which take


into account the relative cost of living and inflation rates of
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 premiums
written
Nonlife premiums (1)

$965

Life premiums

280

Total premiums

$1,244

Percent of total world


premiums

0.03%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

77

Peru
LEADING NONLIFE INSURANCE COMPANIES, 2013
Gross written premiums
Company

PEN Mn

INSURANCE ASSOCIATION
Asociacion Peruana de Empresas de Seguros
Web: www.apeseg.org.pe

USD Mn

Rimac

2,087.5

773.2

Pacifico Seguros
Generales

1,257.4

465.7

MAPFRE Peru

751.5

278.3

La Positiva

603.0

223.3

El Pacifico Vida

118.0

43.7

MAPFRE Peru Vida

101.5

37.6

ACE

92.9

34.4

Interseguro

65.0

24.1

Cardif

54.7

20.3

Secrex

27.1

10.0

POPULATION, 2011-2014 (1)


Year
2011

29,248,943

2012

29,549,517

2013

29,849,303

2014

30,147,935

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Source: Axco Insurance Information Services.

Year

LEADING LIFE INSURANCE COMPANIES, 2013

Company
El Pacifico Vida

Population

GDP

2009

$238.9

Gross written premiums

2010

253.4

PEN Mn

2011

277.2

2012

299.7

2013

344.0

USD Mn

1,025.7

379.9

Rimac

902.6

334.3

Seguros Sura

540.2

200.1

Interseguro

499.4

185.0

La Positiva Vida

400.6

148.4

MAPFRE Peru Vida

189.6

70.2

Protecta

128.8

47.7

Cardif

98.2

36.4

ACE

47.5

17.6

Rigel

24.8

9.2

Source: Axco Insurance Information Services.

(1) Based on Purchasing Power Parity calculations, which take


into account the relative cost of living and inflation rates of
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 premiums
written
Nonlife premiums (1)
Life premiums

$1,806
1,548

Total premiums

$3,354

Percent of total world


premiums

0.07%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

78

Philippines
LEADING NONLIFE INSURANCE COMPANIES, 2012
Gross written premiums
Company

PHP Mn

INSURANCE ASSOCIATION
Philippine Insurers and Reinsurers Association
Web: www.pirainc.org

USD Mn

Malayan Insurance

6,777.8

160.5

Prudential Guarantee

5,029.6

119.1

BPI/MS

4,632.4

109.7

Year

Pioneer Insurance

4,399.0

104.2

2011

101,833,938

Chartis

2,995.4

70.9

2012

103,775,002

Charter Ping AN

2,893.7

68.5

2013

105,720,644

Federal Phoenix

2,553.4

60.5

2014

107,668,231

UCPB General

2,395.6

56.7

Standard Insurance

2,172.4

51.4

MAPFRE Insular

1,914.8

45.3

Source: Axco Insurance Information Services.

POPULATION, 2011-2014 (1)

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

LEADING LIFE INSURANCE COMPANIES, 2012

Year

Gross written premiums


Company

PHP Mn

Population

USD Mn

GDP

2009

$327.2

2010

324.9

2011

353.2

Sun Life

20,059.1

475.0

2012

393.4

Pru Life

15,594.5

369.3

2013

454.3

Philam Life

15,291.0

362.1

Philippine AXA

12,276.9

290.7

Ayala Life-BPI-Philam

11,466.8

271.5

Insular Life

9,196.4

217.8

Manulife

7,484.9

177.3

Grepalife Financial

5,822.7

137.9

Manulife China Bank

4,512.5

106.9

PNB Life

3,932.8

93.1

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of 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 premiums
written

Source: Axco Insurance Information Services.

Nonlife premiums (1)


Life premiums

$1,233
4,060

Total premiums

$5,293

Percent of total world


premiums

0.11%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

79

Poland
LEADING NONLIFE INSURANCE COMPANIES, 2013
Gross written premiums
Company

PLN Mn

USD Mn

INSURANCE ASSOCIATION
Polska Izba Ubezpieczen
Polish Chamber of Insurance
Web: www.piu.org.pl

PZU

8,274.2

2,618.4

ERGO Hestia

3,417.6

1,081.5

WARTA

3,001.4

949.8

Year

Allianz Polska

1,797.2

568.7

2011

38,441,588

UNIQA

1,117.8

353.7

2012

38,415,284

InterRisk

1,081.4

342.2

2013

38,383,809

Compensa

1,043.2

330.1

2014

38,346,279

Generali

970.9

307.3

Europa

712.0

225.3

Moje Towarzystwo
Ubezpieczen

691.2

218.7

POPULATION, 2011-2014 (1)


Population

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Source: Axco Insurance Information Services.

Year
LEADING LIFE INSURANCE COMPANIES, 2013
Gross written
premiums
Company

PLN Mn

USD Mn

PZU Zycie

8,843.0

2,798.4

Open Life

2,633.7

833.4

TUnZ Warta

2,223.5

703.6

ING TUnZ

2,036.2

644.4

Amplico AIG

1,987.2

628.9

Aviva

1,864.3

590.0

TUnZ EUROPA

1,792.3

567.2

Benefia TUnZ Vienna


Insurance Group

1,681.3

532.1

Nordea Polska

1,255.9

397.4

AXA Zycie

1,192.3

377.3

Source: Axco Insurance Information Services.

GDP

2009

$684.5

2010

686.2

2011

725.2

2012

765.6

2013

814.0

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of 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 premiums
written
Nonlife premiums (1)
Life premiums
Total premiums
Percent of total world
premiums

$9,729
8,355
$18,084
0.39%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

80

Portugal

LEADING NONLIFE INSURANCE COMPANIES, 2013


Gross written premiums
Company

EUR Mn

USD Mn

Fidelidade

961.2

1,276.2

INSURANCE ASSOCIATION
Portuguese Insurance Companies Association
Associacao Portuguesa de Seguradores
Web: www.apseguradores.pt
POPULATION, 2011-2014 (1)

Tranquilidade

318.8

423.3

Allianz Portugal

311.4

413.4

AXA Portugal Seguros

290.6

385.9

2011

10,760,305

Acoreana

267.0

354.6

2012

10,781,459

Zurich Insurance

245.5

326.0

2013

10,799,270

Liberty Seguros

241.1

320.2

2014

10,813,834

Ocidental

228.7

303.6

Lusitania Seguros

169.1

224.5

Generali Seguros

130.8

173.7

Year

Population

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Source: Axco Insurance Information Services.

Year
LEADING LIFE INSURANCE COMPANIES, 2013
Gross written premiums
Company
Fidelidade

EUR Mn

USD Mn

2,517.4

3,342.4

BES-Vida

1,996.7

2,651.1

Ocidental Vida

1,486.0

1,973.0

BPI Vida

826.3

1,097.1

Santander Totta Seguros

545.1

723.8

CA Vida

384.0

509.8

Allianz Portugal

232.2

308.3

Eurovida

182.2

241.9

CNP Barclays Vida Y


Pensiones

155.1

205.9

Acoreana

139.8

GDP

2009

$245.0

2010

232.2

2011

247.0

2012

NA

2013

243.3

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of countries. GDP estimate for July for each year shown.
NA=Data not available.
Source: U.S. Central Intelligence Agency.

LIFE AND NONLIFE INSURANCE PREMIUMS, 2013


(U.S. $ millions)
Direct premiums
written

185.6

Nonlife premiums (1)

$5,118

Life premiums

14,087

Total premiums

Source: Axco Insurance Information Services.

Percent of total world


premiums

$19,205
0.41%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

81

Qatar
LEADING NONLIFE INSURANCE COMPANIES, 2012
Gross written premiums
Company
Qatar Insurance

QAR Mn

POPULATION, 2011-2014 (1)

USD Mn

Year

1,765.4

485.0

Qatar General

473.2

130.0

Doha Insurance

425.9

117.0

Al Khaleej

258.4

71.0

Qatar Islamic

160.2

44.0

Source: Axco Insurance Information Services.

Population

2011

848,016

2012

1,951,591

2013

2,042,444

2014

2,123,160

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

LEADING LIFE INSURANCE COMPANIES, 2012


GROSS DOMESTIC PRODUCT, 2009-2013 (1)
Gross written premiums
Company
Qatar Insurance

QAR Mn

Year

USD Mn

789.9

217.0

Qatar Islamic

47.3

13.0

Doha Insurance

43.7

12.0

Qatar General

29.1

8.0

Al Khaleej

14.6

4.0

Source: Axco Insurance Information Services.

GDP

2009

$83.3

2010

NA

2011

122.2

2012

181.7

2013

198.7

(1) Based on Purchasing Power Parity calculations, which take


into account the relative cost of living and inflation rates of
countries. GDP estimate for July for each year shown.
NA=Data not available.
Source: U.S. Central Intelligence Agency.

LIFE AND NONLIFE INSURANCE PREMIUMS, 2013


(U.S. $ millions)
Direct premiums
written
Nonlife premiums (1)
Life premiums

$1,407
64

Total premiums

$1,471

Percent of total world


premiums

0.03%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

82

Romania
LEADING NONLIFE INSURANCE COMPANIES, 2012
Gross written premiums
Company

RON Mn

USD Mn

Astra

991.6

325.3

Allianz-Tiriac Insurance

812.1

266.4

Omniasig Vienna
Insurance Group

761.6

249.8

Groupama Insurance

651.5

213.7

Asirom Vienna Insurance


Group

546.1

179.1

BCR Asigurari Vienna


Insurance Group

441.0

144.7

Generali Insurance

418.1

137.2

Uniqa Insurnace

383.4

125.8

Euroins Romania

292.3

95.9

Carpatica ASIG

199.9

65.6

INSURANCE ASSOCIATION
National Union of Insurance and Reinsurance
Companies of Romania - UNSAR
Web: unsar.ro
POPULATION, 2011-2014 (1)
Year
2011

21,904,551

2012

21,848,504

2013

21,790,479

2014

21,729,871

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)


Year

Source: Axco Insurance Information Services.

LEADING LIFE INSURANCE COMPANIES, 2012


Gross written premiums
Company

RON Mn

USD Mn

Population

GDP

2009

$278.4

2010

256.3

2011

253.3

2012

263.9

2013

280.7

(1) Based on Purchasing Power Parity calculations, which take


into account the relative cost of living and inflation rates of
countries. GDP estimate for July for each year shown.
Source: U.S. Central Intelligence Agency.

ING Life Insurance

544.5

157.0

BCR Vienna Life


Insurance

425.2

122.6

Alico Insurance Romania

197.9

57.1

Allianz-Tiriac Insurance

93.5

27.0

ASIROM Vienna
Insurance Group

84.1

24.2

Generali Insurance

83.6

24.1

Metropolitan

65.9

19.0

Nonlife premiums (1)

BRD Life Insurance

62.0

17.9

Life premiums

Grawe Insurance
Romania

53.5

15.4

Total premiums

$2,482

Groupama Insurance

46.5

13.4

Percent of total world


premiums

0.05%

Source: Axco Insurance Information Services.

2015 International Insurance Fact Book

LIFE AND NONLIFE INSURANCE PREMIUMS, 2013


(U.S. $ millions)
Direct premiums
written
$1,935
547

(1) Includes accident and health insurance.


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

updates at www.iii.org/international/

83

Russia
LEADING NONLIFE INSURANCE COMPANIES, 2012
Gross written premiums
Company

RUB Mn

INSURANCE ASSOCIATION
All Russia Insurance Association
Web: www.ins-union.ru

USD Mn

Rosgosstrakh

97,413.8

3,158.7

Sogaz

75,994.4

2,464.2

Ingosstrakh

67,806.3

2,198.7

Reso Garantiya

51,785.1

1,679.2

AlfaStrakhovanie

34,159.5

1,107.6

VSK

33,579.3

1,088.8

Soglasie

33,303.7

1,079.9

Allianz

25,027.0

811.5

VTB Insurance

22,786.6

738.9

MSK Insurance Group

19,953.4

647.0

POPULATION, 2011-2014 (1)


Year

Population

2011

138,739,892

2012

138,082,178

2013

142,500,482

2014

142,470,272

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Source: Axco Insurance Information Services.

Year
LEADING LIFE INSURANCE COMPANIES, 2012
Gross written premiums
Company

RUB Mn

USD Mn

Renessans Zhizn

7,230.7

234.5

Rosgosstrakh-Zhizn

6,700.4

217.3

MetLife Alico

6,291.5

204.0

2009

$2,225.0

2010

2,117.0

2011

2,229.0

2012

NA

2013

2,553.0

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of countries. GDP estimate for July for each year shown.
NA=Data not available.
Source: U.S. Central Intelligence Agency.

Alfastrakhovanie-Zhizn

6,024.5

195.4

Russian Standard
Insurance

5,907.8

191.6

SK Sogaz-Zhizn

3,504.3

113.6

Allianz Rosno Life

3,442.0

111.6

Societe Generale
Strakhovanie Zhizni

3,218.8

104.4

CiV Life

2,278.8

73.9

Nonlife premiums (1)

Raiffeisen Life

1,754.8

56.9

Life premiums

Source: Axco Insurance Information Services.

GDP

LIFE AND NONLIFE INSURANCE PREMIUMS, 2013


(U.S. $ millions)
Direct premiums
written

Total premiums
Percent of total world
premiums

$25,755
2,666
$28,421
0.61%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

84

Saudi Arabia
No data available for leading writers.
POPULATION, 2011-2014 (1)
Year

Population

2011

26,131,703

2012

26,534,504

2013

26,939,583

2014

27,345,986

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)


Year
2009

GDP
$600.4

2010

581.3

2011

622.5

2012

676.7

2013

927.8

(1) Based on Purchasing Power Parity calculations, which take


into account the relative cost of living and inflation rates of
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 premiums
written
Nonlife premiums (1)

$6,105

Life premiums

256

Total premiums

$6,360

Percent of total world


premiums

0.14%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

85

Serbia
LEADING NONLIFE INSURANCE COMPANIES, 2012
Gross written premiums
Company
Dunav

RSD Mn

INSURANCE ASSOCIATION
Assocation of Serbian Insurers
Web: uos.rs/o-nama/

USD Mn

16,776.8

190.7

Delta Generali

9,198.7

104.6

DDOR Novi Sad

7,628.8

86.7

Year

UNIQA Non-Life

3,483.9

39.6

2011

7,310,555

Wiener Staedtische

2,911.0

33.1

2012

7,276,604

Takovo

2,240.0

25.5

2013

7,243,007

Triglav

1,746.6

19.9

2014

7,209,764

AMS

1,524.3

17.3

Milenijum

1,366.2

15.5

Sava

1,203.3

13.7

Source: Axco Insurance Information Services.

POPULATION, 2011-2014 (1)

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

LEADING LIFE INSURANCE COMPANIES, 2012

Year

Gross written premiums


Company

RSD Mn

Population

USD Mn

GDP

2009

$83.1

2010

77.0

2011

80.5

Delta Generali

3,090.4

35.1

2012

79.1

Wiener Staedtische

2,749.8

31.3

2013

80.5

GRAWE

2,162.1

Dunav

24.6

1,096.5

12.5

UNIQA Life

991.0

11.3

Merkur

604.6

6.9

DDOR Novi Sad

584.8

6.7

MetLife

133.0

1.5

AXA Life

115.8

1.3

Societe Generale

101.8

1.2

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of 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 premiums
written

Source: Axco Insurance Information Services.

Nonlife premiums (1)

$601

Life premiums

141

Total premiums
Percent of total world
premiums

$742
0.02%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

86

Singapore
LEADING NONLIFE INSURANCE COMPANIES, 2012
Gross written premiums
Company

SGN Mn

INSURANCE ASSOCIATION
General Insurance Association of Singapore
Web: www.gia.org.sg

USD Mn

AIG Asia

467.1

373.7

AXA Singapore

358.6

287.0

NTUC Income

309.7

247.8

MSIG

306.0

244.8

2011

4,740,737

First Capital

294.9

236.0

2012

5,353,494

Liberty Insurance

143.7

115.0

2013

5,460,302

QBE

135.3

108.3

2014

5,567,301

Tokio Marine Insurance

134.9

108.0

ACE Insurance

119.3

95.5

India International

105.2

84.2

POPULATION, 2011-2014 (1)


Year

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Source: Axco Insurance Information Services.

Year

LEADING LIFE INSURANCE COMPANIES, 2012


Gross written premiums
Company

SGD Mn

USD Mn

AIA Singapore

3,536.4

2,829.9

Prudential

3,229.8

2,584.5

NTUC Income

3,075.0

2,460.6

Great Eastern Life

3,064.9

2,452.6

Aviva Ltd

992.4

794.1

Manulife

766.5

613.3

HSBC Insurance

676.2

541.1

OAC

638.5

511.0

Tokio Marine Life

593.6

475.0

AXA Life Singapore

274.9

220.0

Source: Axco Insurance Information Services.

Population

GDP

2009

$240.0

2010

235.7

2011

292.4

2012

314.5

2013

339.0

(1) Based on Purchasing Power Parity calculations, which take


into account the relative cost of living and inflation rates of
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 premiums
written
Nonlife premiums (1)

$2,870

Life premiums

15,092

Total premiums
Percent of total world
premiums

$17,962
0.39%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

87

Slovakia
LEADING NONLIFE INSURANCE COMPANIES, 2011

Slovak Insurance Association


Slovenska asociacia maklerov v poistovnictve
Web: www.slaspo.sk

Gross written premiums


Company

EUR Mn

INSURANCE ASSOCIATION

USD Mn

Allianz Slovenska

349.5

485.9

Kooperativa

253.1

351.9

Generali

106.7

148.3

Year

UNIQA

70.1

97.5

2011

5,477,038

Komunalna

55.1

76.5

2012

5,483,088

Union

32.2

44.7

2013

5,488,339

Wustenrot

25.7

35.7

2014

5,443,583

CSOB

24.2

33.7

AXA Insurance

12.9

17.9

Cardif Slovakia

12.5

17.4

POPULATION, 2011-2014 (1)

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Source: Axco Insurance Information Services.

Year

LEADING LIFE INSURANCE COMPANIES, 2011


Gross written premiums
Company

EUR Mn

USD Mn

Allianz Slovenska

248.7

345.8

KOOPERATIVA
Poistovna

233.2

324.1

MetLife Amslico

118.7

165.0

KOMUNALNA Poistovna

104.0

144.6

Generali

83.6

116.2

ING

80.2

111.4

AXA Life

50.6

70.3

CSOB

47.8

66.5

Poistovna Slovenskej
Sporitelni

44.3

61.5

Wustenrot

30.3

42.1

Source: Axco Insurance Information Services.

Population

GDP

2009

$123.1

2010

115.3

2011

121.3

2012

126.9

2013

133.4

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of 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 premiums
written
Nonlife premiums (1)
Life premiums

$1,398
1,343

Total premiums

$2,741

Percent of total world


premiums

0.06%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

88

Slovenia
LEADING NONLIFE INSURANCE COMPANIES, 2011
Gross written premiums
Company

EUR Mn

USD Mn

INSURANCE ASSOCIATION
Slovenian Insurance Association
Slovensko Zavarovalno Zdruzenje
Web: www.zav-zdruzenje.si

Triglav

424.6

563.7

VZAJEMNA

267.0

354.5

Adriatic Slovenica

249.3

331.0

Maribor

176.5

234.3

2011

2,000,092

Triglav Zdravstvena

104.1

138.2

2012

1,996,617

Tilia

76.9

102.1

2013

1,992,690

Generali

62.5

82.9

2014

1,988,292

SID-PKZ

19.4

25.8

GRAWE

13.4

17.8

8.6

11.4

Wiener Stadtische

POPULATION, 2011-2014 (1)


Year

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Source: Axco Insurance Information Services.

Year

LEADING LIFE INSURANCE COMPANIES, 2013


Gross written premiums
Company

EUR Mn

USD Mn

Triglav

179.2

237.9

Modra

82.8

109.9

Maribor

75.5

100.3

Adriatic Slovenica

56.8

75.5

NLB Vita

42.6

56.6

Merkur

39.0

51.7

Generali

22.7

30.2

GRAWE

19.2

25.4

Wiener Stadtische

15.9

21.1

9.3

12.3

Tilia

Source: Axco Insurance Information Services.

Population

GDP

2009

$61.8

2010

56.5

2011

56.8

2012

58.6

2013

56.5

(1) Based on Purchasing Power Parity calculations, which take


into account the relative cost of living and inflation rates of
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 premiums
written
Nonlife premiums (1)

$1,892

Life premiums

801

Total premiums

$2,693

Percent of total world


premiums

0.06%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

89

South Africa
LEADING NONLIFE INSURANCE COMPANIES, 2012
Gross written premiums
Company
Santam

ZAR Mn

INSURANCE ASSOCIATION
South African Insurance Association
Web: www.sainsurance.co.za

USD Mn

16,527.1

2,013.1

Mutual and Federal

7,537.8

918.1

Hollard

5,566.7

678.0

Guardrisk

5,498.1

669.7

2011

49,004,031

OUTsurance

5,340.7

650.5

2012

48,810,427

ABSA

3,427.0

417.4

2013

48,601,098

Zurich

3,403.0

414.5

2014

48,375,645

Auto & General

3,152.7

384.0

Allianz Global

2,469.7

300.8

Centriq

2,208.4

269.0

Source: Axco Insurance Information Services.

POPULATION, 2011-2014 (1)


Year

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

LEADING LIFE INSURANCE COMPANIES, 2012

Year

Gross written premiums


Company

ZAR Mn

Population

USD Mn

GDP

2009

$506.1

2010

488.6

2011

527.5

Old Mutual

53,082.7

6,465.6

2012

554.6

Sanlam

34,403.6

4,190.5

2013

595.7

Momentum Group

33,896.0

4,128.6

Investec

33,131.2

4,035.5

Liberty Group

25,604.6

3,118.7

Coronation Life

23,679.5

2,884.2

Investment Solutions

23,555.9

2,869.2

Allan Gray Life

10,245.8

1,248.0

Metropolitan Life

9,882.0

1,203.7

Discovery Life

9,145.0

1,113.9

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of 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 premiums
written

Source: Axco Insurance Information Services.

Nonlife premiums (1)

$9,565

Life premiums

44,556

Total premiums
Percent of total world
premiums

$54,121
1.17%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

90

South Korea
LEADING NONLIFE INSURANCE COMPANIES, 2012
Gross written premiums
Company

KRW Mn

INSURANCE ASSOCIATION
Korea Non-life Insurance Association
Web: www.knia.or.kr

USD Mn

Samsung

17,379,320.4

15,428.1

Hyundai

10,621,581.5

9,429.1

Dongbu

9,992,870.4

8,871.0

Year

LIG

9,498,520.6

8,432.1

2011

48,754,657

Meritz

4,965,369.3

4,407.9

2012

48,860,500

Hanwha

3,993,436.2

3,545.1

2013

48,955,203

Heungkuk

2,957,797.0

2,625.7

2014

49,039,986

Lotte

2,314,516.1

2,054.7

Seoul Guarantee

1,346,811.7

1,195.6

Green (now MG)

636,079.9

564.7

Source: Axco Insurance Information Services.

POPULATION, 2011-2014 (1)

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)


Year

LEADING LIFE INSURANCE COMPANIES, 2012


Gross written premiums
Company

KRW Mn

USD Mn

Samsung

30,755,474.2

27,302.5

Hanwha

14,509,588.5

12,880.6

Kyobo

12,744,123.2

11,313.3

Nonghyup

10,925,057.2

9,698.5

Shinhan

5,149,141.7

4,571.0

Mirae Asset

5,052,457.9

4,485.2

Tong Yang

4,598,669.8

4,082.4

Heungkuk

4,310,808.5

3,826.8

ING

4,123,679.2

3,660.7

KDB

3,221,236.4

2,859.6

Source: Axco Insurance Information Services.

Population

GDP

2009

$1,278.0

2010

1,343.0

2011

1,467.0

2012

1,554.0

2013

1,666.0

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of 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 premiums
written
Nonlife premiums (1)
Life premiums
Total premiums
Percent of total world
premiums

$54,223
91,204
$145,427
3.13%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

91

Spain
LEADING NONLIFE INSURANCE COMPANIES, 2013
Gross written premiums
Company

EUR Mn

USD Mn

INSURANCE ASSOCIATION
Union Espanola de Entidades Aseguradoras y
Reaseguradoras
Web: www.unespa.es

MAPFRE Familiar

3,466.9

4,541.6

Adeslas

2,566.1

3,361.5

Allianz

1,892.0

2,478.5

Year

AXA Seguros Generales

1,804.4

2,363.8

2011

46,754,784

Generali

1,232.3

1,614.4

2012

47,042,984

Sanitas

1,178.4

1,543.7

2013

47,370,542

Mutua Madrilena

1,028.1

1,346.9

2014

47,737,941

Santalucia

1,025.9

1,343.9

Zurich

988.8

1,295.3

ASISA

964.9

1,264.0

POPULATION, 2011-2014 (1)

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Source: Axco Insurance Information Services.

Year

LEADING LIFE INSURANCE COMPANIES, 2011


Gross written premiums
Company

EUR Mn

USD Mn

VidaCaixa

5,034.7

6,998.9

Santander Seguros

2,796.9

3,888.1

Caser

1,711.4

2,379.1

BBVA Seguros

1,622.1

2,255.0

Ibercaja Vida

1,500.5

2,085.9

Bansabadell Vida

1,345.6

1,870.5

MAPFRE Vida

1,283.3

1,783.9

Generali

889.7

1,236.8

Catalunyacaixa Vida

850.1

1,181.8

Zurich Vida

714.3

993.0

Source: Axco Insurance Information Services.

Population

GDP

2009

$1,378.0

2010

1,368.0

2011

1,376.0

2012

1,411.0

2013

1,389.0

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of 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 premiums
written
Nonlife premiums (1)
Life premiums
Total premiums
Percent of total world
premiums

$38,647
33,862
$72,510
1.56%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

92

Sri Lanka
LEADING NONLIFE INSURANCE COMPANIES, 2012
Gross written premiums
Company

LKR Mn

INSURANCE ASSOCIATION
Insurance Association of Sri Lanka
Web: www.iasl.lk

USD Mn

Sri Lanka

12,359.1

96.9

Ceylinco

10,434.9

81.8

Janashakthi

5,773.4

45.3

Year

Union

4,436.1

34.8

2011

21,283,913

People's Insurance

2,795.5

21.9

2012

21,481,334

AIA

2,143.3

16.8

2013

21,675,648

HNB Assurance

1,635.3

12.8

2014

21,866,445

Continental

1,545.2

12.1

Allianz Insurance
Company Lanka Ltd.

1,397.1

11.0

LOLC

1,295.1

10.2

POPULATION, 2011-2014 (1)

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Source: Axco Insurance Information Services.

Year

LEADING LIFE INSURANCE COMPANIES, 2012


Gross written premiums
Company

LKR Mn

USD Mn

Ceylinco

10,829.5

84.9

Sri Lanka

7,369.0

57.8

AIA

6,495.9

50.9

Union

5,106.3

40.0

Asian Alliance

2,034.1

15.9

Janashakthi

2,025.1

15.9

HNB

1,500.0

11.8

Allianz Life

532.1

4.2

Amana Takaful

359.9

2.8

Co-operative

312.1

2.5

Source: Axco Insurance Information Services.

Population

GDP

2009

$93.3

2010

96.5

2011

104.7

2012

115.1

2013

134.5

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of 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 premiums
written
Nonlife premiums (1)

$442

Life premiums

333

Total premiums
Percent of total world
premiums

$775
0.02%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

93

Sweden
LEADING NONLIFE INSURANCE COMPANIES, 2012
Gross written premiums
Company

SEK Mn

INSURANCE ASSOCIATION
Swedish Insurance Federation
Web: www.svenskforsakring.se

USD Mn

Lansforsakringar

18,894.0

2,788.8

If Skadeforsakring

11,859.0

1,750.4

Trygg-Hansa

10,378.0

1,531.8

Folksam

9,895.0

1,460.5

2011

9,088,728

Moderna

2,296.0

338.9

2012

9,103,788

Dina-Gruppen

1,728.0

255.1

2013

9,119,423

2014

9,723,809

Sakforsakring, Captive
Insurers

1,634.0

241.2

Zurich

1,053.0

155.4

Landstingen

900.0

132.8

Solid

775.0

114.4

POPULATION, 2011-2014 (1)


Year

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Source: Axco Insurance Information Services.

Year

LEADING LIFE INSURANCE COMPANIES, 2012


Gross written premiums
Company

SEK Mn

USD Mn

Alecta

24,977.8

3,686.8

AMF Pension

19,601.9

2,893.3

Skandia Liv

13,847.9

2,044.0

Skandia

12,771.1

1,885.0

Swedbank Forsakring

12,563.5

1,854.4

SEB Trygg Liv Fond

12,126.6

1,789.9

Lansforsakringar Fondliv

8,713.9

1,286.2

KPA Pensionsforsakring

8,140.8

1,201.6

Folksam Liv

6,918.9

1,021.2

Handelsbanken Liv

6,598.5

974.0

Source: Axco Insurance Information Services.

Population

GDP

2009

$358.4

2010

333.2

2011

354.0

2012

379.4

2013

393.8

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of 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 premiums
written
Nonlife premiums (1)
Life premiums
Total premiums
Percent of total world
premiums

$10,614
30,865
$41,478
0.89%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

94

Switzerland
LEADING NONLIFE INSURANCE COMPANIES, 2012
Gross written premiums
Company

EUR Mn

USD Mn

AXA Winterthur

3,221.2

3,435.2

Zrich VersicherungsGesellschaft

2,610.0

2,783.4

Schweizerische Mobiliar
Versicherungsgesellschaft

2,359.5

2,516.3

Allianz Suisse VersicherungsGesellschaft AG

1,744.8

1,860.7

Helsana Zusatzversicherungen
AG

1,467.5

1,565.0

Basler Versicherung AG

1,297.9

1,384.2

Swica Krankenversicherung

1,158.8

1,235.8

CSS Versicherung AG

1,104.8

1,178.2

Visana Versicherungen AG

1,000.4

1,066.9

796.8

849.8

Generali Assurances Gnrales

INSURANCE ASSOCIATION
Swiss Insurance Association
Schweizerischer Versicherungsverband
Web: www.svv.ch
POPULATION, 2011-2014 (1)
Year
2011

7,639,961

2012

7,655,628

2013

7,996,026

2014

8,061,516

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Source: Axco Insurance Information Services.

Year

LEADING LIFE INSURANCE COMPANIES, 2012


Gross written premiums
Company

CHF Mn

USD Mn

AXA Leben AG

9,000.6

9,598.8

Swiss Life SA

7,826.5

8,346.6

Helvetia Schweizerische
Lebensversicherungsgesellschaft

3,182.5

3,393.9

Basler Lebens-VersicherungsGesellschaft

2,568.0

2,738.6

Allianz Suisse
Lebensversicherungs-Gesellschaft
AG

2,295.7

2,448.3

Zurich LebensversicherungsGesellschaft

2,075.2

2,213.1

Generali Personenversicherungen
AG

1,251.9

1,335.1

Schweizerische Mobiliar
Lebensversicherungs-Gesellschaft

850.7

907.3

PAX, Schweizerische
Lebensversicherungs-Gesellschaft

691.9

737.9

Lombard International Assurance


SA,Luxembourg (Luxembourg),
Zweigniederlassung Zurich

649.1

692.2

Population

GDP

2009

$309.9

2010

316.1

2011

326.5

2012

340.5

2013

370.3

(1) Based on Purchasing Power Parity calculations, which take


into account the relative cost of living and inflation rates of
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 premiums
written
Nonlife premiums (1)
Life premiums
Total premiums
Percent of total world
premiums

$28,370
34,227
$62,597
1.35%

(1) Includes accident and health insurance.


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

Source: Axco Insurance Information Services.

2015 International Insurance Fact Book

updates at www.iii.org/international/

95

Taiwan
LEADING NONLIFE INSURANCE COMPANIES, 2013
Gross written premiums
Company

TWD Mn

USD Mn

INSURANCE ASSOCIATION
The Non-Life Insurance Association of the Republic of
China
Web: www.nlia.org.tw

Fubon

28,599.6

960.7

Cathay Century

17,077.3

573.6

Shin Kong

13,231.8

444.5

Mingtai

10,531.7

353.8

2011

23,071,779

Tokio Marine Newa

9,602.2

322.5

2012

23,113,901

South China

7,398.4

248.5

2013

23,299,716

Union

7,368.8

247.5

2014

23,359,928

Taian

6,999.1

235.1

Chung Kuo

6,979.8

234.5

First

6,063.8

203.7

POPULATION, 2011-2014 (1)


Year

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Source: Axco Insurance Information Services.

Year

LEADING LIFE INSURANCE COMPANIES, 2012


Gross written premiums
Company

TWD Mn

Population

USD Mn

Cathay Life

561,353.1

18,951.8

Fubon Life

420,730.8

14,204.3

Nan Shan Life

370,905.9

12,522.1

Shin Kong Life

175,538.4

5,926.4

Chunghwa Post

157,982.2

5,333.6

China Life

125,319.3

4,230.9

Mass Mutual Mercuries

110,890.4

3,743.8

Taiwan Life

69,175.0

2,335.4

Bank Taiwan

56,697.8

1,914.2

Allianz Taiwan Life

51,271.3

1,731.0

Source: Axco Insurance Information Services.

GDP

2009

$738.8

2010

693.3

2011

823.6

2012

885.3

2013

926.4

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of 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 premiums
written
Nonlife premiums (1)
Life premiums
Total premiums
Percent of total world
premiums

$15,964
75,013
$90,977
1.96%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

96

Thailand
LEADING NONLIFE INSURANCE COMPANIES, 2012
Gross written premiums
Company

THB Mn

INSURANCE ASSOCIATION
General Insurance Association
Web: www.thaigia.com

USD Mn

Viriyah

27,981.4

917.7

Dhipaya

20,797.8

682.1

Bangkok Insurance

12,432.9

407.8

Year

Syn Mun Kong

7,958.2

261.0

2011

66,720,153

The Safety Insurance

7,890.5

258.8

2012

67,091,089

Tokio Marine Sri Muang

7,190.8

235.8

2013

67,448,120

2014

67,741,401

Muang Thai Insurance


Public

7,157.9

234.8

Thanachart

5,689.2

186.6

LMG

5,280.1

173.2

Mitsui Sumitomo

4,785.5

157.

POPULATION, 2011-2014 (1)

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Source: Axco Insurance Information Services.

Year

LEADING LIFE INSURANCE COMPANIES, 2012


Gross written premiums
Company
AIA

THB Mn

USD Mn

102,206.2

3,288.2

Muang Thai Life

48,867.8

1,572.2

Thai Life Insurance

48,844.1

1,571.4

Siam Commercial New


York Life

41,897.9

1,347.9

Bangkok Life

34,640.2

1,114.4

Krungthai AXA Life

28,923.7

930.5

Ayudhya Allianz CP

22,512.8

724.3

Ocean Life

14,473.2

465.6

ING Life

11,455.3

368.5

Thanachart Life

10,108.9

325.2

Source: Axco Insurance Information Services.

Population

GDP

2009

$570.1

2010

539.7

2011

580.3

2012

609.8

2013

674.3

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of 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 premiums
written
Nonlife premiums (1)

$6,663

Life premiums

14,798

Total premiums
Percent of total world
premiums

$21,461
0.46%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

97

Trinidad and Tobago


LEADING NONLIFE INSURANCE COMPANIES, 2012
Gross written premiums
Company

TTD Mn

USD Mn

INSURANCE ASSOCIATION
The Association of Trinidad and Tobago Insurance
Companies
Web: www.attic.org.tt

Guardian Life

317.4

49.4

Guardian General

253.6

39.4

Sagicor

195.7

30.4

COLFIRE

160.5

25.0

TATIL

154.7

24.1

2011

1,227,505
1,226,383

POPULATION, 2011-2014 (1)


Year

Population

Maritime

120.3

18.7

2012

Beacon

118.5

18.4

2013

1,225,225

70.2

10.9

2014

1,223,916

NAGICO
New India

54.3

8.5

Presidential

44.5

6.9

Source: Axco Insurance Information Services.

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

LEADING LIFE INSURANCE COMPANIES, 2012

Year

Gross written premiums


Company
Guardian Life
Sagicor Life
ScotiaLife

TTD Mn

USD Mn

2009

$24.2

2010

28.7

2011

27.1

1,125.6

175.1

2012

26.8

450.9

70.1

2013

27.1

259.5

40.4

PALIG

243.8

37.9

Maritime Life

164.2

25.5

CUNA Caribbean

128.1

19.9

TATIL Life

119.2

18.5

22.0

3.4

Beacon

GDP

(1) Based on Purchasing Power Parity calculations, which take


into account the relative cost of living and inflation rates of
countries. GDP estimate for July for each year shown.
Source: U.S. Central Intelligence Agency.

LIFE AND NONLIFE INSURANCE PREMIUMS, 2013


(U.S. $ millions)

Source: Axco Insurance Information Services.

Direct premiums
written
Nonlife premiums (1)

$572

Life premiums

349

Total premiums
Percent of total world
premiums

$921
0.02%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

98

Tunisia
LEADING NONLIFE INSURANCE COMPANIES, 2013
Gross written premiums
Company

TND Mn

INSURANCE ASSOCIATION
Federation Tunisienne des Societes d'Assurance
Web: www.ftusanet.org

USD Mn

STAR

260.0

166.5

COMAR

143.8

92.1

GAT

130.0

83.2

AMI

119.0

76.2

2011

10,629,186

Astree

111.8

71.6

2012

10,732,900

Maghrebia

111.0

71.1

2013

10,835,873

CARTE

82.8

53.0

2014

10,937,521

MAE

77.2

49.4

Lloyd

66.8

42.7

BIAT

65.7

42.0

Source: Axco Insurance Information Services.

POPULATION, 2011-2014 (1)


Year

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

LEADING LIFE INSURANCE COMPANIES, 2012

Year

Gross written premiums


Company

TND Mn

Population

USD Mn

GDP

2009

$83.4

2010

83.6

2011

100.3

Maghrebia Vie

34.0

21.8

2012

101.7

CARTE Vie

28.0

17.9

2013

108.4

Hayett

27.2

17.4

Astree

20.5

13.2

Salim

20.3

13.0

BIAT

19.7

12.6

STAR

9.7

6.2

AMI

7.9

5.1

GAT Vie

5.9

3.8

Comar

5.7

3.7

(1) Based on Purchasing Power Parity calculations, which take


into account the relative cost of living and inflation rates of
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 premiums
written

Source: Axco Insurance Information Services.

Nonlife premiums (1)

$699

Life premiums

131

Total premiums
Percent of total world
premiums

$830
0.02%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

99

Turkey
LEADING NONLIFE INSURANCE COMPANIES, 2013
Gross written premiums
Company

TRY Mn

USD Mn

INSURANCE ASSOCIATION
Association of Insurance and Reinsurance Companies
of Turkey
Web: www.tsrsb.org.tr

AXA

3,143.4

1,651.1

Anadolu

2,622.0

1,377.3

Allianz

1,910.3

1,003.4

Aksigorta

1,496.9

786.3

MAPFRE Genel

1,322.3

694.6

2011

78,785,548
79,749,461

POPULATION, 2011-2014 (1)


Year

Population

Yapi Kredi

1,251.3

657.3

2012

Gunes

1,061.6

557.7

2013

80,694,485

934.4

490.8

2014

81,619,392

Groupama
Ziraat Hayat ve Emeklilik

796.2

418.2

Eureko

778.6

409.0

Source: Axco Insurance Information Services.

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

LEADING LIFE INSURANCE COMPANIES, 2013

Year

Gross written premiums


Company

TRY Mn

USD Mn

GDP

2009

$930.9

2010

859.8

2011

958.3

AXA

3,143.4

1,651.1

2012

1,053.0

Anadolu

2,622.0

1,377.3

2013

1,167.0

Allianz

1,910.3

1,003.4

Aksigorta

1,496.9

786.3

MAPFRE Genel

1,322.3

694.6

Yapi Kredi

1,251.3

657.3

Gunes

1,061.6

557.7

Groupama

934.4

490.8

Ziraat Hayat ve Emeklilik

796.2

418.2

Eureko

778.6

409.0

Source: Axco Insurance Information Services.

(1) Based on Purchasing Power Parity calculations, which take


into account the relative cost of living and inflation rates of
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 premiums
written
Nonlife premiums (1)
Life premiums
Total premiums
Percent of total world
premiums

$10,699
1,761
$12,460
0.27%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

100

Ukraine
LEADING NONLIFE INSURANCE COMPANIES, 2012
Gross written premiums
Company

UAH Mn

INSURANCE ASSOCIATION
League of Insurance Organisations of Ukraine
Web: uainsur.com

USD Mn

AXA Insurance

786.9

98.5

Aska

678.4

84.9

Uniqa

665.8

83.3

Year

Providna

633.9

79.3

2011

45,134,707

Kremen

607.8

76.1

2012

44,854,065

Oranta

566.1

70.8

2013

44,573,205

Ingo Ukraine

544.0

68.1

2014

44,291,413

Arsenal Insurance

503.1

63.0

Alfa Strakhuvannya

462.5

57.9

Ukrainian Insurance Group

450.1

56.3

Source: Axco Insurance Information Services.

POPULATION, 2011-2014 (1)

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

LEADING LIFE INSURANCE COMPANIES, 2012

Year

Gross written premiums


Company

UAH Mn

Population

USD Mn

GDP

2009

$359.9

2010

294.3

2011

306.3

Renaissance Life

322.7

40.4

2012

327.4

MetLife Alico

246.5

30.9

2013

337.4

Aska Life

226.5

28.3

UNIQA Life

219.9

27.5

GRAWE Ukraine Life


Insurance

152.4

19.1

TAS Life

137.1

17.2

Fidem Life

108.9

13.6

Delta Life

101.5

12.7

PZU Ukraine Life


Insurance

96.8

12.1

Jupiter Life Insurance VIG

30.2

3.8

Source: Axco Insurance Information Services.

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of 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 premiums
written
Nonlife premiums (1)

$3,276

Life premiums

310

Total premiums

$3,586

Percent of total world


premiums

0.08%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

101

United Arab Emirates (UAE)


LEADING NONLIFE INSURANCE COMPANIES, 2012
Gross written premiums
Company

INSURANCE ASSOCIATION
Emirates Insurance Association
Web: www.eia.ae

USD
Mn

AED Mn

POPULATION, 2011-2014 (1)

Oman Insurance
Company PSC

2,443.0

665.2

Abu Dhabi National


Insurance Company PSC

2,299.0

626.0

Orient Insurance
Company PJSC and its
subsidiaries

1,400.0

381.2

Year

Emirates Insurance
Company PSC

645.0

175.6

Al Buhaira National
Insurance Company PSC

559.0

152.2

Al Ain Ahlia Insurance


Company - Public
Shareholding Company

462.0

125.8

National General
Insurance Co (PSC)

449.0

122.3

Al Wathba National
Insurance Company
PJSC

384.0

Al-Sagr National
Insurance Company
(Public Shareholding
Company)

374.0

Dubai Insurance
Company (PSC)

329.0

Source: Axco Insurance Information Services.

2011

5,148,664

2012

5,314,317

2013

5,473,972

2014

5,628,805

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)


Year

104.6

101.8

89.6

Population

GDP

2009

$186.8

2010

200.4

2011

199.8

2012

260.8

2013

269.8

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of 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 premiums
written
Nonlife premiums (1)
Life premiums

$6,026
1,933

Total premiums

$7,959

Percent of total world


premiums

0.17%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

102

United Kingdom
LEADING NONLIFE INSURANCE COMPANIES, 2012
Gross written premiums
Company

GBP Mn

INSURANCE ASSOCIATION
Association of British Insurers
Web: www.abi.org.uk

USD Mn

Aviva

4,948.3

7,816.6

Direct Line

3,402.1

5,374.1

AXA

3,179.3

5,022.3

RSA Group

3,070.5

4,850.3

2011

62,698,362

Zurich Insurance

2,472.8

3,906.1

2012

63,047,162

Allianz

1,985.6

3,136.6

2013

63,395,574

Ageas

1,686.8

2,664.5

2014

63,742,977

BUPA

1,681.8

2,656.7

AIG

1,675.2

2,646.2

Liverpool Victoria

1,477.5

2,334.0

Source: Axco Insurance Information Services.

POPULATION, 2011-2014 (1)


Year

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

LEADING LIFE INSURANCE COMPANIES, 2012

Year

Gross written premiums


Company

GBP Mn

Population

USD Mn

GDP

2009

$2,281.0

2010

2,165.0

2011

2,189.0

Standard Life

9,677.6

15,287.3

2012

2,250.0

Aviva

9,350.8

14,771.2

2013

2,378.0

Prudential

8,312.9

13,131.6

Lloyds Banking Group

7,158.7

11,308.4

Legal & General

6,867.3

10,848.1

Friends Life

6,044.4

9,548.2

Aegon NV

5,252.0

8,296.4

Zurich Financial Services

4,937.4

7,799.4

Old Mutual

3,336.9

5,271.2

Royal London Mutual


Insurance

2,997.4

4,734.8

Source: Axco Insurance Information Services.

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of 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 premiums
written
Nonlife premiums (1)
Life premiums
Total premiums
Percent of total world
premiums

$106,750
222,893
$329,643
7.10%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

103

United States
LEADING PROPERTY/CASUALTY INSURANCE COMPANIES, 2013
Direct premiums written (1)
Company

INSURANCE ASSOCIATION
Insurance Information Institute
Web: www.iii.org

USD Mn

State Farm Mutual Automobile


Insurance

55,994.2

Liberty Mutual

28,906.3

Allstate Corp.

27,583.6

American International Group

23,169.1

Travelers Companies Inc.

22,842.9

Berkshire Hathaway Inc.

18,284.1

Farmers Insurance Group of


Companies (2)

18,079.5

Nationwide Mutual Group

17,802.7

Progressive Corp.

17,562.6

USAA Insurance Group

14,562.0

POPULATION, 2011-2014 (1)


Year
2011

313,232,044

2012

313,847,465

2013

316,668,567

2014

318,892,103

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

(1) Before reinsurance transactions, includes some state funds.


(2) Data for Farmers Group and Zurich Financial Group (which owns
Farmers management company) are reported separately by SNL
Financial.
Source: SNL Financial LC.

Year

LEADING LIFE INSURANCE COMPANIES, 2013


Direct written premiums (1)
Company

USD Mn

MetLife Inc.

85,001.7

Prudential Financial Inc.

41,407.4

Jackson National Life Group

25,728.1

AEGON

24,499.9

Lincoln National Corp.

24,274.1

New York Life Insurance Group

24,223.4

American International Group

21,698.6

Voya Financial Inc.

20,228.6

Manulife Financial Corp.

19,263.2

Principal Financial Group Inc.

18,909.4

(1) Includes life insurance, annuity considerations, deposit-type


contract funds and other considerations; excludes accident and health
insurance. Before reinsurance transactions.
Source: SNL Financial LC.

Population

GDP

2009

$14,580.0

2010

14,260.0

2011

14,720.0

2012

15,040.0

2013

16,720.0

(1) Based on Purchasing Power Parity calculations,


which take into account the relative cost of living and
inflation rates of 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 premiums
written
Nonlife premiums (1)

$726,397

Life premiums
Total premiums

532,858
$1,259,255

Percent of total world


premiums

27.13%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

104

Uruguay
LEADING NONLIFE INSURANCE COMPANIES, 2013
Gross written premiums
Company

USD
Mn

UYU Mn

Uruguayan Association of Insurance Companies


Asociacion Uruguaya de Empresas Aseguradoras)
Web: www.bnamericas.com
POPULATION, 2011-2014 (1)

Banco de Seguros del


Estado

11,588.3

565.8

Royal & Sun Alliance


Seguros (Uruguay) SA

1,567.3

76.5

Porto Seguro - Seguros del


Uruguay S.A.

1,336.8

65.3

MAPFRE Uruguay
Compania de Seguros SA
(Grales)

1,185.0

57.9

Sancor Seguros SA

665.6

32.5

AIG

398.8

19.5

Compania Cooperativa de
Seguros Surco

297.1

14.5

HDI Seguros SA

235.2

11.5

Far Compania de Seguros


SA

170.2

8.3

Berkley International
Seguros SA (Uruguay)

INSURANCE ASSOCIATION

106.9

Year
2011

3,308,535

2012

3,316,328

2013

3,324,460

2014

3,332,972

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)


Year

5.2

Source: Axco Insurance Information Services.

LEADING LIFE INSURANCE COMPANIES, 2013


Gross written premiums
Company

UYU Mn

USD Mn

2009

NA
$44.1

2011

48.4

2012

52.0

2013

56.3

(1) Based on Purchasing Power Parity calculations, which take


into account the relative cost of living and inflation rates of
countries. GDP estimate for July for each year shown.
NA=Data not available.
Source: U.S. Central Intelligence Agency.

4,578.3

223.6

MetLife Seguros de Vida SA

1,100.6

53.7

MAPFRE La Uruguaya SA
(Vida)

1,011.7

49.4

Compania Cooperativa de
Seguros Surco

191.8

9.4

Zurich Santander

124.2

6.1

Nonlife premiums (1)


Life premiums

64.5

3.2

Royal & Sun Alliance


Seguros (Uruguay) SA

28.2

1.4

HDI Seguros SA

1.2

0.1

Porto

0.1

0.0

Source: Axco Insurance Information Services.

2015 International Insurance Fact Book

GDP

2010

Banco de Seguros del


Estado

Sancor Seguros SA

Population

LIFE AND NONLIFE INSURANCE PREMIUMS, 2013


(U.S. $ millions)
Direct premiums
written
$865
348

Total premiums

$1,213

Percent of total world


premiums

0.03%

(1) Includes accident and health insurance.


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

updates at www.iii.org/international/

105

Venezuela
LEADING NONLIFE INSURANCE COMPANIES, 2013
Gross written premiums
Company

VEF Mn

USD Mn

INSURANCE ASSOCIATION
Insurance Association
Camara de Aseguradores de Venezuela
Web: www.camaraseg.org

Caracas de Liberty Mutual

12,466.7

2,061.3

Mercantil

10,377.7

1,715.9

Horizonte

7,736.8

1,279.2

Year

Occidental

6,877.9

1,137.2

2011

27,635,743

MAPFRE La Seguridad

6,440.6

1,064.9

2012

28,047,938

Previsora

4,151.9

686.5

2013

28,459,085

Altamira

3,358.4

555.3

2014

28,868,486

Banesco

2,821.8

466.6

Estar

2,775.4

458.9

Multinacional

2,597.2

429.4

POPULATION, 2011-2014 (1)

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Source: Axco Insurance Information Services.

Year

LEADING LIFE INSURANCE COMPANIES, 2013


Gross written premiums
Company

VEF Mn

USD Mn

Caracas de Liberty Mutual

12,466.7

2,061.3

Mercantil

10,377.7

1,715.9

Horizonte

7,736.8

1,279.2

Occidental

6,877.9

1,137.2

MAPFRE La Seguridad

6,440.6

1,064.9

Previsora

4,151.9

686.5

Altamira

3,358.4

555.3

Banesco

2,821.8

466.6

Estar

2,775.4

458.9

Multinacional

2,597.2

429.4

Source: Axco Insurance Information Services.

Population

GDP

2009

$368.6

2010

355.2

2011

344.2

2012

368.8

2013

407.4

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of 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 premiums
written
Nonlife premiums (1)

$13,290

Life premiums
Total premiums
Percent of total world
premiums

444
$13,733
0.30%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

106

Vietnam
LEADING NONLIFE INSURANCE COMPANIES, 2012
Gross written premiums
Company

VND Mn

USD Mn

INSURANCE ASSOCIATION
Vietnam Insurance Association
Web: www.avi.org.vn

Bao Viet

5,384,075.0

258.1

PV Insurance

4,658,978.0

223.4

Bao Minh

2,285,563.0

109.6

Year

PJICO

1,971,467.0

94.5

2011

90,549,390

PTI

1,639,692.0

78.6

2012

91,519,289

Samsung Vina

732,505.0

35.1

2013

92,477,857

BIC

670,377.0

32.1

2014

93,421,835

GIC

491,356.0

23.6

MIC

474,232.0

22.7

Cong ty AAA

473,260.0

22.7

POPULATION, 2011-2014 (1)

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

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Source: Axco Insurance Information Services.

Year

LEADING LIFE INSURANCE COMPANIES, 2012


Gross written premiums
Company

VND Mn

USD Mn

Prudential

6,476,002.0

310.5

Bao Viet Life

4,446,443.0

213.2

Manulife

2,151,372.0

103.1

Dai-ichi Life

1,433,428.0

68.7

AIA

1,271,277.0

61.0

ACE Life

987,612.0

47.4

Hanwha Life

230,667.0

11.1

Cathay Life

112,693.0

5.4

Great Eastern Life

103,753.0

5.0

52,699.0

2.5

Prevoir

Source: Axco Insurance Information Services.

Population

GDP

2009

$246.6

2010

258.2

2011

278.1

2012

299.2

2013

358.9

(1) Based on Purchasing Power Parity calculations, which


take into account the relative cost of living and inflation rates
of 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 premiums
written
Nonlife premiums (1)

$1,131

Life premiums

984

Total premiums

$2,115

Percent of total world


premiums

0.05%

(1) Includes accident and health insurance.


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

2015 International Insurance Fact Book

updates at www.iii.org/international/

107

International Insurance Organizations


ASSOCIATION OF BERMUDA INSURERS & REINSURERS 1445 New York Avenue 7th
Floor. Washington, DC 20005. Tel. 202-783-2434. Fax. 202-638-0936. www.abir.bm A group
representing Bermuda's "class 4" reinsurance and insurance companies.
AXCO INSURANCE INFORMATION SERVICES 10 Old Broad Street. London, EC2N 1DW
United Kingdom. Tel. (44) 20-7374-5252. Fax. (44) 20-7374-5277. www.axcoinfo.com
Research firm providing detailed insurance, healthcare and pensions market information on 165
countries.
CAPTIVE INSURANCE COMPANIES ASSOCIATION 4248 Park Glen Rd. Minneapolis,
MN 55416. Tel. 952-928-4655. Fax. 952-929-1318. www.cicaworld.com Organization that
disseminates information useful to firms that utilize the captive insurance company concept to
solve corporate insurance problems.
THE GENEVA ASSOCIATION 53 Route de Malagnou, Geneva, CH-1208 Switzerland. Tel.
41-22-707-66-00. Fax. 41-22-736-75-36. www.genevaassociation.org/ World organization
formed by some 80 chief executive officers of leading insurance companies in Europe, North
America, South America, Asia, Africa and Australia. Its main goal is to research the growing
economic importance of worldwide insurance activities in the major sectors of the economy.
Produces The Geneva Papers and other publications.
GLOBAL FEDERATION OF INSURANCE ASSOCIATIONS c/o Insurance Europe, Rue
Montoyer 51, B-1000, Brussels, Belgium. Tel. +32 2-894-3081. www.GFIAinsurance.org
Represents 32 global insurance associations to speak on international issues.
THE INSTITUTE FOR GLOBAL INSURANCE EDUCATION c/o The Institutes, 720
Providence Road, Suite 100, Malvern, PA 19355. Tel. 610-644-2100. www.igie.org/ Association
comprised of independent, international insurance institutes, united by a common goal, to deliver
professional education to insurance industry professionals.
INSURANCE EUROPE Rue Montoyer 51, Brussels, B-1000 Belgium. Tel. (32) 28943000.
www.insuranceeurope.eu European insurance and reinsurance federation.
INTERNATIONAL ASSOCIATION OF INSURANCE SUPERVISORS c/o Bank For
International Settlements, CH-4002, Basel, Switzerland. Tel. (41) 61-225-7300. Fax. (41) 61-2809151. www.iaisweb.org Represents insurance supervisory authorities of some 100 jurisdictions.
Promotes cooperation among members and sets international standards for insurance
supervision.
INTERNATIONAL INSURANCE SOCIETY, INC. 101 Murray Street, New York, NY 10007.
Tel. 212-277-5171. Fax. 212-277-5172. www.iisonline.org A nonprofit membership organization
whose mission is to facilitate international understandings, the transfer of ideas and innovations,
and the development of personal networks across insurance markets through a joint effort of
leading executives and academics throughout the world.

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INTERNATIONAL RISK MANAGEMENT INSTITUTE, INC. 12222 Merit Drive Suite


1450, Dallas, TX 75251. Tel. 972-960-7693. Fax. 972-371-5120. www.irmi.com Research,
education and publishing company providing property/casualty insurance and risk management
knowledge and solutions to insurance agents, brokers, underwriters, adjusters, lawyers and risk
managers.
INTERNATIONAL SOCIAL SECURITY ASSOCIATION 4 route des Morillons, Case
postale 1, CH-1211, Geneva, 22 Switzerland. Tel. (41) 22 799 66 17. Fax. (41) 22 799 85 09.
www.issa.int/ Nonprofit international organization consisting of institutions and
administrative bodies dealing with diverse aspects of social security in countries around the
world.
INTERNATIONAL TRADE ADMINISTRATION 1401 Constitution Ave NW, Washington,
DC 20230. Tel. 1-800-USA-TRAD. www.ita.doc.gov Division of the U.S. Department of
Commerce that helps U.S. businesses participate in the growing global marketplace.
MICROINSURANCE NETWORK 2, Rue Sainte Zithe, Luxembourg, L-2763 Luxembourg.
Tel. (35) 2-45686825. www.microinsurancenetwork.org A network of actors involved in
microinsurance, including donor organizations, multilateral agencies, insurance and social
protection providers, policymakers and academics.
OPIC 1100 New York Avenue, NW, Washington, DC 20527 United States. Tel. 202-336-8400.
www.opic.gov Self-sustaining U.S. government agency providing political risk insurance and
finance services for U.S. investment in developing countries.
ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT (OECD)
2, rue Andr Pascal, 75775 Paris Cedex 16. France. Tel. (33) 1-45-24-82-00. Fax. (33) 1-45-24-8500. www.oecd.org International organization of industrialized, market-economy countries. The
OECD publishes numerous reports, including the Insurance Statistics Yearbook.
SIGMA c/o Swiss Re, Mythenquai 50/60, PO Box 8022. Zurich, Switzerland. Tel. (41) 43-2852121. www.swissre.com The sigma publication series provides comprehensive information on
international insurance markets and in-depth analyses of economic trends and strategic issues in
insurance, reinsurance and financial services.
TOPICS c/o Munich Re, Kniginstr. 107, Munich, 80802 Germany. Tel. (49) 89-38-91-0.
www.munichre.com This annual publication presents a detailed account of the natural
catastrophes that occurred in the past year and also examines long-term trends.
WORLD FACT BOOK c/o Central Intelligence Agency (CIA), Washington, DC 20505. Tel.
703-482-0623.
Fax.
703-482-1739.
www.cia.gov/library/publications/the-worldfactbook/index.html Produced by the CIA's Directorate of Intelligence, the fact book is a
comprehensive resource of facts and statistics on more than 265 countries and other entities.

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Insurance Information Institute


110 William Street
New York, NY 10038
Tel. 212-346-5500. www.iii.org
President Robert P. Hartwig, Ph.D., CPCU bobh@iii.org
Executive Vice President Andra C. Basora andreab@iii.org
Senior Vice President and Chief Communications Officer Jeanne Salvatore
jeannes@iii.org
Senior Vice President and Chief Economist Steven N. Weisbart, Ph.D., CLU stevenw@iii.org
PUBLICATIONS

Chief Actuary and Director of Research and Information Services James Lynch, FCAS,
MAAA jamesl@iii.org
Senior Editor Neil Liebman neill@iii.org
Research and Production Mary-Anne Firneno mary-annef@iii.org
Information Specialist Maria Sassian marias@iii.org
Manager Publications and Web Production Katja Charlene Lewis charlenel@iii.org
Special Consultant Ruth Gastel, CPCU ruthg@iii.org
Publications Orders Daphne Gerardi daphneg@iii.org
DIGITAL COMMUNICATIONS

Director Digital Communications James P. Ballot jamesb@iii.org


Director Technology and Web Production Shorna Lewis shornal@iii.org
Manager Digital Media Alba Rosario albar@iii.org
MEDIA

Vice President Media Relations Michael Barry michaelb@iii.org


Vice President Communications Loretta Worters lorettaw@iii.org
Terms + Conditions blog Claire Wilkinson clairew@iii.org
Impact Magazine Diane Portantiere dianep@iii.org
Administrative Assistant Rita El-Hakim ritae@iii.org
Administrative Assistant Lilia Giordanao liliag@iii.org
REPRESENTATIVES

Davis Communications William J. Davis, Atlanta billjoe@bellsouth.net


Tel. 770-321-5150.
Hispanic Press Officer Elianne Gonzlez, Miami elianneg@iii.org
Tel. 954-389-9517.
Florida Representative Lynne McChristian, Tampa lynnem@iii.org
Tel. 813-480-6446.

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