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Select European Insurance Markets - Global Strategic Business Report Product Image

Select European Insurance Markets - Global Strategic Business Report

  • Published: March 2008
  • Region: Global, Europe
  • 162 pages
  • Global Industry Analysts, Inc

The Select European Insurance Markets Report provides insightful analysis, market briefs, industry structure and outlook of life and non-life insurance industries in select countries of the region. For a few countries, the report examines the reinsurance industry and other sectors of non-life insurance industries like property, liability, accident, and auto insurance among others. The report provides a compilation and discussion on recent spate of mergers & acquisitions and other industry activities, which have irreversibly changed the landscape of the industry. The report also peeps into the recent past/ historical perspective of few country’s insurance markets; and product launches, corporate developments & market numbers within the industry. A regional level discussion also looks into the leading companies’ footing in these markets along with their annual written premiums and/ or market shares. Markets briefly abstracted and covered in the report include Austria, Belgium, Bulgaria, Croatia, Cyprus, Finland, Georgia, Greece, Hungary, Iceland, Ireland, Latvia, Lithuania, Luxembourg, Malta, Norway, Poland, Portugal, Romania, Serbia and Montenegro, Slovakia, Slovenia, READ MORE >

SELECT EUROPEAN INSURANCE MARKETS

A STRATEGIC BUSINESS REPORT

CONTENTS

1. Central and Eastern Europe ROE-1
Market Overview ROE-1
Life Insurance Sector Flourishing ROE-1
Large Players Losing Hold ROE-1
Table 1: Insurance Industry in Eastern Europe (2005):
Penetration of Insurance by Life and Non-Life Segments for
Select Regions - Russia, Czech Republic, Poland, Hungary,
and Ukraine (includes corresponding Graph/Chart) ROE-2

2. A Peek into Recent Past Market Scenario ROE-3
Individual Markets ROE-3
Motor Insurance Stimulates Growth in Non-Life ROE-3
Market Numbers ROE-4
Table 2: Insurance Penetration Rate (In %) by Type for 2001:
Central/East European Nations Vs EU-15 (includes
corresponding Graph/Chart) ROE-4

Table 3: Insurance Premium as % of GDP for 1999-2001:
Central/East European Nations Vs EU-15 (includes
corresponding Graph/Chart) ROE-4

Table 4: Per Capita Premium in US$ for 2000 & 2001:
Central/East European Nations Vs EU-15 (includes
corresponding Graph/Chart) ROE-5

3. Unit Linked Business in Scandinavia ROE-6
A Prosperous Region ROE-6
Good Prospects ROE-6
Baltic Countries: Pension Reforms - Agenda for Growth ROE-6
Latvia ROE-7
1st Pillar - State Mandatory Non-Funded Social Insurance
Pension Scheme (On PAYG base) ROE-7
2nd Pillar - State Mandatory Funded Social Insurance
Pension Scheme ROE-7
3rd Pillar - Private Voluntary Pension Scheme ROE-7
Lithuania ROE-8
Estonia ROE-9
Synopsis ROE-9

4. Key Insurance Markets in Rest of Europe ROE-10

4a. Austria ROE-10
Market Overview ROE-10
Austrian National Insurance System ROE-10
Table 5: Austrian Insurance Industry (2003): Percentage
Share of Expenditure by Sector for Pensions, Health
Insurance, and Accident Insurance (includes corresponding
Graph/Chart) ROE-10

Table 6: Austrian Insurance Industry (2000-2003): pending
of Health Insurance Sector by Spending Areas in € Million
(includes corresponding Graph/Chart) ROE-11
Life Insurance Sector ROE-11
Table 7: Austrian Life Insurance Industry (2003): Gross
Written Premium in US$ Million by Leading Companies for
Sparkassen Versicherung, Wiener Stadtische, Raifeisen, UNIQA
Personenversicherung, Generali Versicherung, Allianz
Elementar Leben, Wustenrot, Union, Donau, and Skandia Leben
(includes corresponding Graph/Chart) ROE-12

Table 8: Top-Five Players in the Austrian Life Insurance
Industry (2002) - Gross Written Premium in US$ Million for
Sparkassen-Versicherung, Wiener Staedtische, Raiffeisen,
Generali Versicherung ,and Wustenrot (includes corresponding
Graph/Chart) ROE-12
Non-Life Insurance Sector ROE-12
Table 9: Austrian Non-Life Insurance Industry (2003): Gross
Written Premium in US$ Million by Leading Companies for
Allianz Elementar, Uniqa Sach, Wiener Stadtische, Generali,
Interunfall, Donau, Grawe, Zurich, Oberosterreichische, and
Niederosterreichische (includes corresponding Graph/Chart) ROE-13

Table 10: Top-Five Players in the Austrian Non-Life Insurance
Industry (2002) - Gross Written Premium in US$ Million for
Allianz Elementar, Wiener Stadtische, Generali, Uniqa Sach,
and Interunfall (includes corresponding Graph/Chart) ROE-13

4b. Belgium ROE-14
Table 11: Belgian Insurance Industry (2005): Penetration of
Insurance and Per Capita Premium in US$ by Category - Life
and Non-Life ROE-14
Review of the Sectors ROE-14
Life Insurance ROE-14
Key Players ROE-14
Table 12: Belgian Life Insurance Industry (2003): Gross
Written Premium in US$ Billion by Leading Companies for
ETHIAS Life, Les Assurances de Fortis Banque, AXA Belgium,
Fortis AG, KBC Assurances/CBC Assurances, ING Insurance,
DEXIA Assurances, AGF Belgium Insurance, Generali Belgium,
Winterthur-Europe Assurances (includes corresponding
Graph/Chart) ROE-15

Table 13: Top-Five Players in the Belgian Life Insurance
Industry (2002) - Gross Written Premium in US$ Million for
SMAP, FB Assurances, ING, KBC Assurances, and Fortis AG
(includes corresponding Graph/Chart) ROE-15
Non-Life Insurance ROE-16
Table 14: Belgian Non-Life Insurance Industry (2003): Gross
Written Premium in US$ Million by Leading Companies for Axa
Belgium, Fortis AG, Ethais, KBC Assurances,
Winterthur-Europe, AGF Belgium, Mercator, ING, Les
Assurances Populaires, and DKV Belgium (includes
corresponding Graph/Chart) ROE-16

Table 15: Top-Five Players in the Belgian Non-Life
Insurance Industry (2002) - Gross Written Premium in US$
Million for AXA Belgium, Fortis AG, SMAP,KBC Assurances,
and Winterthur-Europe (includes corresponding Graph/Chart) ROE-16

4c. Bulgaria ROE-17
Life Insurance Sector ROE-17
Table 16: Bulgarian Life Insurance Industry (2004): Gross
Written Premium in US$ Million by Leading Companies for DZI,
Allianz Bulgaria Life, Orel Life, AIG Life Bulgaria, Bulstrad
DSK-Life, Grawe Bulgaria, Vitosha Life, Bulgariski Imoti,
DSK Garancia, and Dobrudja-M-Life (includes corresponding
Graph/Chart) ROE-17

Table 17: Top-Five Players in the Bulgarian Life Insurance
Industry (2003) - Gross Written Premium in US$ Million for
DZI, Allianz Bulgaria Life, Orel Life, AIG Life Bulgaria,
and Bulstrad DSK-Life(includes corresponding Graph/Chart) ROE-18
A Peek into the 2000 Market Numbers ROE-18
Table 18: Life Insurance Industry in Bulgaria (2000):
Leading Companies by Premium Income in Lev Million and
Market Share in % (includes corresponding Graph/Chart) ROE-18
Non-Life Insurance Sector ROE-19
Table 19: Top-Five Players in the Bulgarian Non-Life
Insurance Industry (2003) - Gross Written Premium in US$
Million for Bulstrad, DZI General, Allianz Bulgaria, Bul Ins,
and Vitosha (includes corresponding Graph/Chart) ROE-19

4d. Croatia ROE-19
Life Insurance Sector ROE-19
Table 20: Croatian Life Insurance Industry (2003): Gross
Written Premium in US$ Million by Leading Companies for
Grawe, Croatia, Merkur, Zagreb, Allianz, Sunce, Kvarner
Wiener St., Helios, Euroherc Life, and UNIQA (includes
corresponding Graph/Chart) ROE-20

Table 21: Top-Five Players in the Croatian Life Insurance
Industry (2002) - Gross Written Premium in US$ Million for
Grawe Hrvatska, Zagreb, Croatia, Merkur, and Allianz Zagreb
(includes corresponding Graph/Chart) ROE-20
Non-Life Insurance Sector ROE-20
Table 22: Top-Five Players in the Croatian Non-Life Insurance
Industry (2002) - Gross Written Premium in US$ Million for
Croatia, Euroherc, Jadransko, Allianz Zagreb, and Triglav
(includes corresponding Graph/Chart) ROE-21

4e. Cyprus ROE-21
Life Insurance Sector ROE-21
Table 23: Cyprian Life Insurance Industry (2003): Gross
Written Premium in US$ Million by Leading Companies for
Laiki Cyprialife, Eurolife, Universal Life, America Life,
Interlife, Liberty Life, Alhpa, Minerva, Aspis Pronia, and
Ethniki (includes corresponding Graph/Chart) ROE-22

Table 24: Top-Five Players in the Life Insurance Industry of
Cyprus (2002) - Gross Written Premium in US$ Million for
Eurolife, Laiki Cyprialife, Universal Life, America Life,
and Interlife (includes corresponding Graph/Chart) ROE-22
Non-Life Insurance Sector ROE-22
Table 25: Cyprian Non-Life Insurance Industry (2003): Gross
Written Premium in US$ Million by Leading Companies for
Laiki, General Insurance of Cyprus, Lloyds Underwriters,
Pancyprian, Atlantic, Minerva, American Home, Commercial
Union Cosmos, and Universal Life (includes corresponding
Graph/Chart) ROE-23

Table 26: Top-Five Players in the Non-Life Insurance Industry
of Cyprus (2002) - Gross Written Premium in US$ Million for
Laiki, General Insurance of Cyprus, Minerva, Pancyprian, and
American Home (includes corresponding Graph/Chart) ROE-23

4f. Finland ROE-24
Market Overview ROE-24
Table 27: Finnish Insurance Industry (2005): Per Capita
Premium in US$ by Category - Life and Non-Life ROE-24
Financial Services Convergence Takes Wings ROE-24
Competitiveness Reaches New Heights ROE-24
Forming Alliances: Order of the Day ROE-24
Life Insurance Sector ROE-24
Table 28: Finnish Life Insurance Industry (2003): Gross
Written Premium in US$ Million by Leading Companies for
Nordea, OP-Henkivakuutus, Henki-Sampo, Henki-Suomi,
Suomi-yhtio, Kaleva, Henki-Tapiola, Henki-Veritas,
Henki-Fennia, and Yritysten Henki-Tapiola (includes
corresponding Graph/Chart) ROE-25

Table 29: Top-Five Players in the Life Insurance Industry of
Finland (2002) - Gross Written Premium in US$ Million for
Nordea, Henki-Sampo, Aurum, Henki-Suomi, and Suomi-yhtio
(includes corresponding Graph/Chart) ROE-25
A Recent Past Review ROE-25
Table 30: Life Insurance Industry in Finland (1999 & 2000):
Insurance Premium Written in FIM Billion by Scheme Type for
Individual, Unit-Linked, and Group (includes corresponding
Graph/Chart) ROE-26
Non-Life Insurance Sector ROE-26
Table 31: Finnish Non-Life Insurance Market (2004):
Percentage Breakdown of Gross Written Premiums by Category -
Credit and Suretyship, Domestic Reinsurance, Foreign
Reinsurance, General Liability, Legal Expenses, Marine,
Aviation and Transport, Motor Liability, Personal Accident
and Health, Workers Compensation, and Other Direct Business
(includes corresponding Graph/Chart) ROE-27

Table 32: Finnish Non-Life Insurance Industry (2003): Gross
Written Premium in US$ Million by Leading Companies for If
Vahinkovakuutus, Vahinko-Pohjola, Vahinko-Tapiola, Fennia,
Mutual Insurance Associations, Lahivakuutus, A-Vakuutus,
Pohjantahti, Turva, and Vahinko-Veritas (includes
corresponding Graph/Chart) ROE-27

Table 33: Top-Five Players in the Non-Life Insurance
Industry of Finland (2002) - Gross Written Premium in US$
Million for If Vahinkovakuutus, Vahinko-Pohjola,
Vahinko-Tapiola, If Teollisuusvakuutus, and Fennia (includes
corresponding Graph/Chart) ROE-28

4g. Georgia ROE-29
A Historical Perspective ROE-29
Year 2000 - Signs of Resurgence ROE-29
Participation of Foreign Companies in Georgian Insurance
Market during 2000 ROE-30
Insurance Industry Reforms ROE-30
Insurance Industry Progresses ROE-30
The Insurance State Supervision Service ROE-31

4h. Greece ROE-31
Market Overview ROE-31
Table 34: Insurance Industry in Greece (1993-2002): Number of
Insurance Companies by Insurance Class for General Insurance,
Life Insurance, and Composite (includes corresponding
Graph/Chart) ROE-32
Market Share of Top Companies ROE-32
Table 35: Insurance Industry in Greece (1998-2002):
Percentage Market Share of Top 5, 10, and 20 Companies by
Life and Non-Life Sectors (includes corresponding
Graph/Chart) ROE-32
Life Insurance Sector ROE-33
Table 36: Greek Life Insurance Industry (2003): Gross Written
Premium in US$ Million by Leading Companies for Ethniki,
Interamerican Life, Alico AIG Life, ING Life, Agrotiki, Aspis
Pronia General, Allianz Life, Phoenix Metrolife Emporiki,
EFG Life, and Alpha Ins (includes corresponding Graph/Chart) ROE-33

Table 37: Top-Five Players in the Life Insurance Industry of
Greece (2002) - Gross Written Premium in US$ Million for
Interamerican Life, Ethniki, ING Life, Alico AIG Life, and
Aspis Pronia General (includes corresponding Graph/Chart) ROE-33
Non-Life Insurance Sector ROE-34
Table 38: Greek Non-Life Insurance Industry (2003): Gross
Written Premium in US$ Million by Leading Companies for
Ethniki, Phoenix Metrolife Emporiki, Agrotiki Interamerican,
Property, Alpha, Allianz, Commercial Value, Intersalonika,
International Union, and Egnatia (includes corresponding
Graph/Chart) ROE-34

Table 39: Top-Five Players in the Non-Life Insurance Industry
of Greece (2002) - Gross Written Premium in US$ Million for
Ethniki, Phoenix Metrolife Emporiki, Agrotiki, Interamerican
Property, and ALPHA (includes corresponding Graph/Chart) ROE-35
A Peek into Recent Past Market Numbers ROE-35
Table 40: Greek Insurance Industry (1993-2002): Direct
Premium in Million Euro by Insurance Class for Life and
Non-Life (includes corresponding Graph/Chart) ROE-35

Table 41: Greek Insurance Industry (2001): Direct Premium of
Non-Life Insurance by Line in Greek Drachmas Million
(includes corresponding Graph/Chart) ROE-36

Table 42: Greek Insurance Industry (2001): Direct Premium of
Life Insurance by Line in Greek Drachmas Million (includes
corresponding Graph/Chart) ROE-37

4i. Hungary ROE-37
Market Overview ROE-37
Retaining Agents a Herculean Task ROE-38
Life Insurance Sector ROE-38
Table 43: Top-Five Players in the Hungarian Life Insurance
Industry (2003) - Gross Written Premium in US$ Million for
ING, AB Aegon, OTP-Garancia, Generali Providencia, and
Allianz (includes corresponding Graph/Chart) ROE-38
Non-Life Insurance Sector ROE-39
Table 44: Hungarian Non-Life Insurance Industry (2006):
Percentage Breakdown of Premiums by Segment - Accident,
Financial Losses, Fire & Elemental Risks, General Liability,
Health, MAT, Motor Own Damage, MTPL, and Others (includes
corresponding Graph/Chart) ROE-39
Major Players ROE-39
Table 45: Top-Five Players in the Hungarian Non-Life
Insurance Industry (2003) - Gross Written Premium in US$
Million for Allianz, Generali Providencia, OTP-Garancia, AB
Aegon, and UNIQA (AXA) (includes corresponding Graph/Chart) ROE-39
A Recent Past Market Scenario ROE-40
Life Insurance Witnesses Upswing ROE-40
Table 46: Life Insurance Industry in Hungary (2000):
Leading Players by Earned Premium in HUF Billions (includes
corresponding Graph/Chart) ROE-40
Group Life Insurance Schemes Fuel Growth ROE-40
Hungarian Government Probes Insurance Companies ROE-40

4j. Iceland ROE-41
Life Insurance Sector ROE-41
Table 47: Life Insurance Industry in Iceland (2003): Gross
Written Premium in US$ Million by Leading Companies for
Sjova-Almennar, Althjoda, LIFIS, and Liftryggingamidsrodin
(includes corresponding Graph/Chart) ROE-41

Table 48: Leading Players in the Life Insurance Industry of
Iceland (2002) - Gross Written Premium in US$ Million for
Sameinada, Althjoda, and LIFIS (includes corresponding
Graph/Chart) ROE-41
Non-Life Insurance Sector ROE-42
Table 49: Non-Life Insurance Industry in Iceland (2002):
Gross Written Premium in US$ Million by Leading Companies
for Sjova-Almennar, Vidlagatr Islands, Tryggingamidstodin,
VIS hf., Islands-Trygginh, Vordur, and Althjoda (includes
corresponding Graph/Chart) ROE-42

4k. Ireland ROE-43
Market Overview ROE-43
Table 50: Irish Recent Past, Current & Future Analysis for
Insurance Industry by Segment - Life & Non-Life Markets
Independently Analyzed with Annual Premium Income in Euro
Billion for the Years 2005 through 2010 (includes
corresponding Graph/Chart) ROE-43

Table 51: Irish 6-Year Perspective for Insurance Industry by
Segment - Percentage Breakdown of Premium Income for Life and
Non-Life Markets for 2005, 2008, and 2010 (includes
corresponding Graph/Chart) ROE-44

Table 52: Insurance Industry in Ireland (2006): Per Capita
Premium in US$ by Category - Life and Non-Life ROE-44
Regulatory Environment ROE-44
Potential Problems ROE-44
Personal Retirement Savings Accounts (PRSAs) ROE-45
Understanding PRSA ROE-45
Limitations on Charges ROE-45
Restrictions on Investment ROE-45
PRSA Providers ROE-46
Regulation of PRSA ROE-46
Suitable for Investment Managers ROE-46
Life Insurers Caught in a Tight Spot ROE-47
Distribution of PRSA ROE-47
Encouraging Lapses ROE-48
With-Profits Funds Deployment by Life Insurers ROE-48
Outlook ROE-48
Life Insurance Industry ROE-48
Table 53: Irish Life Assurance Market (2006 & 2007):
Percentage Breakdown of Gross Premium Income by Policy Type -
Individual Assurances and Annuities, Pension Scheme Business,
Self-Employed Pensions & Associated Business (Including
PRSAs), Permanent Health Insurance (PHI), and Industrial
Branch (IB) Business (includes corresponding Graph/Chart) ROE-49

Table 54: Irish Life Assurance Market (2006 & 2007):
Percentage Breakdown of Benefits and Claims Paid by Policy
Type (includes corresponding Graph/Chart) ROE-49

Table 55: Irish Life and Pension Insurance Market: Gross
Premiums US$ Billion for the Years 2001 through 2005
(includes corresponding Graph/Chart) ROE-50

Table 56: Irish Life Assurance Market (2005): Percentage
Breakdown of Gross Premium Income by Policy Type - Individual
Assurances and Annuities, Industrial Branch Business,
Permanent Health Insurance, Pension Scheme Business, and
Self-Employed Pensions & Associated Business (includes
corresponding Graph/Chart) ROE-50

Table 57: Irish Life Assurance Market (2005): Percentage
Breakdown of Benefits and Claims Paid by Policy Type -
Critical Illness, Individual Assurances and Annuities,
Industrial Branch Business, Permanent Health Insurance,
Pension Scheme Business, and Self-Employed Pensions &
Associated Business (includes corresponding Graph/Chart) ROE-51

Table 58: Irish Life Assurance Market (2005): Percentage
Breakdown of Distribution Channel for Annual and Single
Premium Generation by Segment - Agents, Brokers, Direct,
Employee & Company Representatives, and Tied Agents
(includes corresponding Graph/Chart) ROE-51
Leading Players ROE-52
Table 59: Leading Players in Irish Life Insurance Market
(2006 & 2007): Percentage Market Share of Gross Premium
Income by Company - BoI Life (Bank of Ireland Life -
Includes New Ireland Assurances), Irish Life, Hibernian Life
Holdings Ltd. (Includes Ark Life), Eagle Star Life, Friends
First Life and Others (includes corresponding Graph/Chart) ROE-52

Table 60: Leading Players in Irish Pensions Market (2006 &
2007): Percentage Market Share of Gross Premium Income by
Company - Irish Life, BoI Life (Bank of Ireland Life -
Includes New Ireland Assurances), Hibernian Life Holdings
Ltd. (Includes Ark Life), Eagle Star Life, Standard Life,
Friends First Life, Canada Life and Others (includes
corresponding Graph/Chart) ROE-53

Table 61: Leading Players in Irish Life Insurance and
Pensions Market (2006 & 2007): Percentage Breakdown of Total
Market Share (Life and Pension Businesses) of Gross Premium
Income by Company - BoI Life (Bank of Ireland Life -
Includes New Ireland Assurances), Irish Life, Hibernian Life
Holdings Ltd. (Includes Ark Life), Eagle Star Life, Friends
First Life, and Others (includes corresponding Graph/Chart) ROE-54

Table 62: Irish Life Assurance Market (2005): Gross Premium
Income for Life and Pension Business by Company - Ark Life,
BoI Life, Canada Life, Eagle Star Life, Friends First Life,
Hibernian Life, Irish Life, Standard Life, Royal Liver, and
Others (includes corresponding Graph/Chart) ROE-54

Table 63: Irish Life Insurance Industry (2003): Gross
Written Premium in US$ Million by Leading Companies for
Irish Life, New Ireland, Ark, Hibernian Life & Pens, Eagle
Star Life, Standard Life, Canada Life Ass. (Irl), Friends
First Life Ass., Friends First Man. Pen, and Anglo Irish
Assurance (includes corresponding Graph/Chart) ROE-55

Table 64: Top-Five Players in the Life Insurance Industry
of Ireland (2002) - Gross Written Premium in US$ Million
for Irish Life, New Ireland, Ark, Hibernian Life &
Pensions, and Standard Life (includes corresponding
Graph/Chart) ROE-55
Non-Life Insurance Industry ROE-56
Table 65: Irish Non-Life Insurance Market (2005): Percentage
Breakdown of Gross Written Premiums by Category - Liability,
Motor, PA/Travel, Property, and Other Business (includes
corresponding Graph/Chart) ROE-56
Leading Players ROE-56
Table 66: Leading Players in Irish Motor Insurance Market
(2006 & 2007): Percentage Breakdown of Premiums by Company -
Hibernian, Quinn-Direct, AXA, FBD, Eagle Star, Allianz and
Others (includes corresponding Graph/Chart) ROE-56

Table 67: Leading Players in Irish Property Insurance Market
(2006 & 2007): Percentage Breakdown of Premiums by Company -
Hibernian, Royal & Sun Alliance, Allianz, Eagle Star, AXA
and Others (includes corresponding Graph/Chart) ROE-57

Table 68: Irish Non-Life Insurance Industry (2003): Gross
Written Premium in US$ Million by Leading Companies for
Hibernian General, AXA, Royal & SunAlliance, Eagle Star
Ireland, Allianz Ireland, FBD, Allianz Corporate Ireland,
Quinn-Direct, AIG Europe, and Irish Public Bodies (includes
corresponding Graph/Chart) ROE-58

Table 69: Top-Five Players in the Non-Life Insurance
Industry of Ireland (2002) - Gross Written Premium in US$
Million for Hibernian, AXA, Royal & SunAlliance, Eagle Star
Ireland, and Allianz Ireland (includes corresponding
Graph/Chart) ROE-58
Captive Market in Ireland: A Recent Past Perspective ROE-59
Table 70: Captive Market in Ireland (1999 & 2000): Captive
Managers in Dublin by Premium Volume in US$ Million ROE-59
The Cry for PCC (Protected Cell Companies) ROE-59
Traditional and Non-Traditional Programs ROE-59
Changing Regulations ROE-60

4l. Latvia ROE-61
Life Insurance Sector ROE-61
Table 71: Latvian Life Insurance Industry (2004): Gross
Written Premium in US$ Million by Leading Companies for Ergo
Latvija Dziviba, Balta Dziviba, Seesam Life, Latvia, Sampo
Dziviba, and Baltikums Dziviba (includes corresponding
Graph/Chart) ROE-61
Non-Life Insurance Sector ROE-61
Table 72: Latvian Non-Life Insurance Industry (2003): Gross
Written Premium in US$ Million by Leading Companies for
Balta, BTA, Balva, Ergo Latvija, Parekss, Baltikums, If
Latvia, Rigas Slimokase, Baltijas Apdrosinasanas Nams, and
Seesam Latvia (includes corresponding Graph/Chart) ROE-62

4m. Lithuania ROE-63
Table 73: Lithuanian Recent Past, Current & Future Analysis
for Insurance Industry by Segment - Life & Non-Life Markets
Independently Analyzed with Annual Premium Income in US$
Million for the Years 2006 through 2010 (includes
corresponding Graph/Chart) ROE-63

Table 74: Lithuanian 5-Year Perspective for Insurance Industry
by Segment - Percentage Breakdown of Premium Income for Life
and Non-Life Markets for 2006, 2008, and 2010 (includes
corresponding Graph/Chart) ROE-63
Life Insurance Sector ROE-64
Table 75: Lithuanian Life Insurance Industry (2004): Gross
Written Premium in US$ Million by Leading Companies for
Hansa Gyvybes Draudimas, ERGO Lietuvus Gyvybes Draudimus, VB
Gyvybes Draudimas, Commercial Union, Sampo Gyvybes Draudimas,
Lietuvos Draudimas, Bonum Publicum, Seesam Lietuva Gyvybes
Draudimas, PZU Lietuva Gyvybes Draudimas, and Lindra -
Gyvybes Draudimas (includes corresponding Graph/Chart) ROE-64
Non-Life Insurance Sector ROE-65
Table 76: Lithuanian Non-Life Insurance Market (2006 & 2007):
Percentage Market Share of Premiums by Category - Motor,
Property, PA & Health, Liability, Surety, Bonds & Credit, and
Marine, Aviation & Transit (includes corresponding
Graph/Chart) ROE-65

Table 77: Lithuanian Non-Life Insurance Industry (2003):
Gross Written Premium in US$ Million by Leading Companies
for Lietuvos Draudimas, ERGO Lietuva, Lindra, IF Draudimas,
NORD/LB Draudimas, Baltikums Draudimas, Baltik Garant, BTA
Draudimas, Snoro Garantas, and Baltijos Garantas (includes
corresponding Graph/Chart) ROE-66
Compulsory Auto Insurance ROE-66
Table 78: Lithuanian Compulsory Auto Insurance Market
(2005): Percentage Share Breakdown of Premiums Written by
Leading Players for Lietuvos Draudimas, PZU Lietuva,
Baltikums Draudimas, BTA Draudimas, Ergo Lietuva, Reso
Europa, IF Draudimas, Baltic Polis and Others (includes
corresponding Graph/Chart) ROE-66

4n. Luxembourg ROE-67
Life Insurance Sector ROE-67
Table 79: Top-Five Players in the Life Insurance Industry of
Luxembourg (2002) - Gross Written Premium in US$ Million for
Swisslife, La Luxembourgeoise-Vie, Le Foyer-Vie, Fortis
Luxembourg Vie, and AGF Life Luxembourg (includes
corresponding Graph/Chart) ROE-67
Non-Life Insurance Sector ROE-67
Table 80: Top-Five Players in the Non-Life Insurance
Industry of Luxembourg (2001) - Gross Written Premium in US$
Million for Le Foyer Assurances, La Luxembourgeoise, AXA,
Zurich, and Baloise (includes corresponding Graph/Chart) ROE-68

4o. Malta ROE-68

4p. Norway ROE-69
Environmental Responsibilities of Insurance Firms ROE-69
Life Insurance Industry ROE-69
Table 81: Norwegian Life Insurance Industry (2004):Gross
Written Premium in US$ Million by Leading Companies for
Vital, Storebrand, KLP, Nordea, Sparebank Liv, Gjensidige NOR
Forsikring, Vesta Forsikring, Danica Pensjon, Handelsbanken
Liv, and Danica Fonds forsikring (includes corresponding
Graph/Chart) ROE-69

Table 82: Top-Five Players in the Life Insurance Industry of
Norway (2001) - Gross Written premium in US$ Million for KLP,
Storebrand, Vital, Gjensidige NOR Spare, and
Sparebank(includes corresponding Graph/Chart) ROE-70
Non-Life Insurance Industry ROE-70
Table 83: Norwegian Non-Life Insurance Industry (2003):
Gross Written Premium in US$ Million by Leading Companies
for If Skadeforsikring, Gjensidige NOR, Vesta, Sparebank 1
Skadeforsikring, Terra Skadeforsikring, KLP Skadeforsikring,
Jernbanepersonalets Forsikring, AIG Europe, Zurich
Forsikring, and Vital (includes corresponding Graph/Chart) ROE-70

Table 84: Top-Five Players in the Non-Life Insurance Industry
of Norway (2001) - Gross Written Premium in US$ Million for
if Skadeforsikring, Gjensidige NOR, Vesta, Sparebank, and
Terra (includes corresponding Graph/Chart) ROE-71
Marine Insurance Industry ROE-71
Important Facts ROE-72
Market Initiatives - 2000 ROE-72

4q. Poland ROE-73
Life Insurance Sector ROE-73
Table 85: Polish Life Insurance Industry (2003): Gross
Written Premium in US$ Million by Leading Companies for PZU
Zycie, Commercial Union, Amplico Life, ING Nationale
Nederlanden, Warta Vita, Allianz Polska, Prumerica,
Nationwide, Europa, and Cardif Polska (includes
corresponding Graph/Chart) ROE-73

Table 86: Top-Five Players in Polish Life Insurance Industry
(2002) - Gross Written Premium in US$ Million for PZU Zycie,
Commercial Union, Amplico Life, ING Nationale Nederlanden,
and Warta Vita (includes corresponding Graph/Chart) ROE-74
Polish Pension Market ROE-74
Compulsory Pension (Contributory) ROE-74
Safety Net Pension (Non-Contributory) ROE-75
Occupational Pensions (Voluntary) ROE-75
Personal Pension and Other Retirement Savings (Voluntary) ROE-75
Non-Life Insurance Sector ROE-75
Table 87: Polish Non-Life Insurance Industry (2005):
Percentage Breakdown of Premium by Segment - Accident,
Health, Liability (excluding Motor & MAT), MOD, MTPL,
Property (excluding Motor), Legal & Financial Risks, and
Others (includes corresponding Graph/Chart) ROE-75

Table 88: Polish Non-Life Insurance Industry (2003): Gross
Written Premium in US$ Million by Leading Companies for PZU,
Warta, Ergo Hestia, Allianz Polska, Samopomic, Uniqa, Tryg
Polska, CIGNA STU, PTU, and Filar (includes corresponding
Graph/Chart) ROE-76

4r. Portugal ROE-76
Portuguese Insurance Industry - Current Market Trends ROE-76
Life Insurance Sector ROE-77
Life Products and Retirement Savings Drive the Portuguese
Insurance Sector ROE-77
Table 89: Portuguese Life Insurance Industry (2003): Gross
Written Premium in US$ Million by Leading Companies for
Occidental Vida, Fidelidade Vida, Tranquilidade Vida, BPI
Vida, Totta Seguros, Acoreana, AXA VidaImperio Bonanca, Real
Vida, and Eurovida (includes corresponding Graph/Chart) ROE-77

Table 90: Top-Five Players in the Life Insurance Industry of
Portugal (2002) - Gross Written Premium in US$ Million for
Occidental Vida, Fidelidade Vida, Tranquilidade Vida, Totta
Seguros, and BPI Vida (includes corresponding Graph/Chart) ROE-78
Non-Life Insurance Sector ROE-78
Table 91: Portuguese Non-Life Insurance Industry (2003):
Gross Written Premium in US$ Million by Leading Companies
for Fidelidade-Mundial, Imperio Bonanca, Axa Portugal
Seguros, Tranquilidade, Allianz Portugal, Zurich, ICI,
Acoreana, Ocidental Seguros, and Lusitania (includes
corresponding Graph/Chart) ROE-78

Table 92: Top-Five Players in the Non-Life Insurance Industry
of Portugal (2002) - Gross Written Premium in US$ Million for
Fidelidade Mundial, Imperio Bonanca, AXA Portugal Seguros,
Tranquilidade, and Allianz Portugal (includes corresponding
Graph/Chart) ROE-79

4s. Romania ROE-80
Market Overview ROE-80
Awareness Among Public Revitalizes the Market ROE-80
Foreign Banks Queuing Up ROE-80
Domenia Credit ROE-80
Challenges Facing Mortgage Sector ROE-80
Key Players ROE-81
Life Insurance Industry ROE-81
Table 93: Romanian Life Insurance Industry (2003): Gross
Written Premium in US$ Million by Leading Companies for ING
Life, Asirom, Omniasig Viata, AIG Life, Asiban, Aviva,
Allianz-TiriacLukoil Asito, Interamerican, and Unita
(includes corresponding Graph/Chart) ROE-82

Table 94: Top-Five Players in the Romanian Non-Life
Insurance Industry (2002) - Gross Written Premium in US$
Million for Allianz-Tiriac, Asirom, Omniasig, Astra, and
Ardaf (includes corresponding Graph/Chart) ROE-82
Non-Life Insurance Industry ROE-82
Table 95: Romanian Non-Life Insurance Industry (2003):
Direct Written Premium in US$ Million by Leading Companies
for Allianz-Tiriac, Asirom, Omniasig, Astra, Asiban, Unita,
Ardaf, Generali, BCR Asigurari, and AIG Romania (includes
corresponding Graph/Chart) ROE-83

Table 96: Top-Five Players in the Romanian Life Insurance
Industry (2002) - Gross Written Premium in US$ Million for
ING Nederlanden, Asirom, AIG Life, Aviva, and Omniasig Viata
(includes corresponding Graph/Chart) ROE-83
Health Care Sector ROE-83
Health Care Delivery ROE-83
Family Planning Sector ROE-84
Ambulatory Secondary Care Segment ROE-84
Health Care Market - A Historic Review ROE-84
Transformation of Health Care System ROE-84
Primary Health Care Services ROE-85

4t. Serbia and Montenegro ROE-85
Life Insurance Sector ROE-85
Table 97: Life Insurance Industry of Serbia and Montenegro
(2003): Gross Written Premium in US$ Million by Leading
Companies for SERBIA, Zepter, Grawe, Dunav, DDOR Novi Sad,
and Delta (includes corresponding Graph/Chart) ROE-86
Non-Life Insurance Sector ROE-86
Table 98: Non-Life Insurance Industry of Serbia and
Montenegro (2003): Gross Written Premium in US$ Million by
Leading Companies for Dunav, DDOR Novi Sad, Imperial, Delta,
Evropa, AMS, Ekos, SIM, Takovo, and Kopaonik (includes
corresponding Graph/Chart) ROE-86

4u. Slovakia ROE-87
Market Overview ROE-87
Key Trends and Issues ROE-87
Consolidation and Liberalization Mark the Market ROE-87
Low Level of Insurance Penetration ROE-87
Rise in Illegal Transactions ROE-87
Legislative Reforms - Set to Alter the Market ROE-88
Key Changes ROE-88
Amendments to Insurance Act ROE-88
The New Millennium Market Highlights ROE-88
The Environment ROE-89
Brimming with Insurance Companies ROE-89
Table 99: Insurance Industry in Slovakia (1999 & 2000):
Premiums Written by Type of Insurance (In %) (includes
corresponding Graph/Chart) ROE-90

Table 100: Insurance Industry in Slovakia (1999-2001):
Growth in Insurance Market (In %) (includes corresponding
Graph/Chart) ROE-90
Leading Players ROE-90
Slovenska Poistovna, A.S. ROE-91
Kooperativa Poistovna, AS ROE-91
Allianz Poistovna, AS ROE-91
Foreign Companies - Highly Active ROE-91
Review of Sectors ROE-91
Life Insurance ROE-91
Table 101: Top-Five Players in the Slovakian Life Insurance
Industry (2003) - Gross Written Premium in US$ Million for
Allianz poistovna, Amslico AIG Life, Kooperativa poistovna,
Nationale Nederlanden, and Kontinuita poistovna (includes
corresponding Graph/Chart) ROE-92
A Recent Past Perspective of the Sector ROE-92
Table 102: Insurance Industry in Slovakia (1999-2001):
Life Insurance Premium in SKK Billion and Market Share in %
(includes corresponding Graph/Chart) ROE-92

Table 103: Insurance Industry in Slovakia (1999-2001): Per
Capita Premium for Life Insurance in US$ (includes
corresponding Graph/Chart) ROE-93

Table 104: Insurance Industry in Slovakia (1999-2001): Life
Premium Written in US$ Million and as Percentage of GDP
(includes corresponding Graph/Chart) ROE-93
Major Players ROE-93
Amslico AIG Life ROE-93
ING Nationale-Nederlanden Poistovna ROE-93
Table 105: Insurance Industry in Slovakia (2001): Leading
Life Insurers by Written Premium in US$ Million (includes
corresponding Graph/Chart) ROE-94
Non-Life Insurance ROE-94
Table 106: Top-Five Players in the Slovakian Non-Life
Insurance Industry (2003) - Gross Written Premium in US$
Million for Allianz poistovna, Kooperativa poistovna, Ceska
poistovna, UNIQA poistovna, and Generali poistovna (includes
corresponding Graph/Chart) ROE-95
A Recent Past Perspective of the Sector ROE-95
Table 107: Insurance Industry in Slovakia (1999-2001):
Non-Life Premiums in SKK Billion and % Share (includes
corresponding Graph/Chart) ROE-96

Table 108: Insurance Industry in Slovakia (1999 &2000):
Non-Life Premium in US$ Million by Type of Insurance
(includes corresponding Graph/Chart) ROE-96

Table 109: Insurance Industry in Slovakia (2001): Leading
Non-Life Insurers by Premium Written in US$ Million
(includes corresponding Graph/Chart) ROE-97
Motor Third-Party Liability (MTPL) Leads the Segment ROE-97
Personal Accident Insurance ROE-98
Social Insurance ROE-98

4v. Slovenia ROE-98
Industry Overview ROE-98
Market Leaders ROE-99
Table 110: Slovenian Insurance Market (2004): Percentage
Share Breakdown of Leading Players by Written Premiums for
Triglav, Health Insurance Mutual, Maribor, Adriatic, Pension
Fund Management (PFM), Slovenica, Tilia, Merkur, Generali,
Grawe and Others (includes corresponding Graph/Chart) ROE-99
Life Insurance Sector ROE-99
Table 111: Slovenian Life Insurance Industry (2004):Gross
Written Premium in US$ Million by Leading Companies for
Triglav, Pension Fund Management (PFM), Maribor, Merkur, NLB
Vita, Grawe, Slovenica, Generali, Adriatic, and Fund for
Craftsmen and Entrepreneurs (FCE) (includes corresponding
Graph/Chart) ROE-100

Table 112: Slovenian Life Insurance Industry (2003): Gross
Written Premium in US$ Million by Leading Companies for
Triglav, Maribor, Pension Fund Management, Merkur, Grawe,
Slovenica, Generali SKB, NLB VITA, Adriatic, and Fund for
Craftsman and Entrepreneurs (includes corresponding
Graph/Chart) ROE-100

Table 113: Top-Five Players in the Life Insurance Industry
of Slovenia (2002) - Gross Written Premium in US$ Million
for Triglav, Maribor, Merkur, Grawe, and Adriatic (includes
corresponding Graph/Chart) ROE-101
Life Insurance by Type ROE-101
Table 114: Slovenian Life Insurance Market (2004):
Percentage Share Breakdown by Insurance Type for Death and
Endowment-Mixed Insurance, Life Under ZPIZ-1, Life Under
ZZavar, Additional Insurance, Annuity and Others (includes
corresponding Graph/Chart) ROE-101
Non-Life Insurance Sector ROE-101
Table 115: Slovenian Non-Life Insurance Market (2004):
Percentage Share Breakdown by Insurance Type for Liability,
Health, Property, Casco, Accident, Credit and Others
(includes corresponding Graph/Chart) ROE-102
Liability Insurance ROE-102
Table 116: Slovenian Non-Life Insurance Market (2004):
Percentage Share Breakdown of Liability Insurance by
Insurance Type for Land Motor Vehicles Liability, General
Liability and Others (includes corresponding Graph/Chart) ROE-102
Property Insurance ROE-102
Table 117: Slovenian Non-Life Insurance Market (2004):
Percentage Share Breakdown of Property Insurance by
Insurance Type for Fire, Machinery Breakdown, Household,
Livestock, Crops & Fruit, Theft, Computers, Building and
Others (includes corresponding Graph/Chart) ROE-103
Casco Insurance ROE-103
Table 118: Slovenian Non-Life Insurance Market (2004):
Percentage Share Breakdown of Casco Insurance by Insurance
Type for Land Motor Vehicles, Aircraft, Railway Rolling
Stock and Ships (includes corresponding Graph/Chart) ROE-103
Accident Insurance ROE-103
Table 119: Slovenian Non-Life Insurance Market (2004):
Percentage Share Breakdown of Accident Insurance by
Insurance Type for Personal Insurance at Work & Outside,
Driver & Car Owner Acc Insurance, Insurance for Passengers
in Motor Vehicles, Children & School Children Accident
Insuranc ze and Others (includes corresponding Graph/Chart) ROE-104
Suretyship Insurance & Miscellaneous Financial Loss Insurance ROE-104
Table 120: Slovenian Non-Life Insurance Market (2004):
Percentage Share Breakdown of Suretyship Insurance &
Miscellaneous Financial Loss Insurance by Insurance Type
for Loss-of-Profits Fire, Deposits, MB Loss-of-Profits,
Cancellation of Tourist Trips, Shows & Events and
Others(includes corresponding Graph/Chart) ROE-104
Legal Expenses and Tourist Assistance Insurance ROE-105
Table 121: Slovenian Non-Life Insurance Market (2004):
Percentage Share Breakdown of Legal Expenses and Tourist
Assistance Insurance by Insurance Type for Automobile
Assistance, Legal Expenses, Medical Assistance and Others
(includes corresponding Graph/Chart) ROE-105
Non-Life: Market Leaders ROE-105
Table 122: Top-Five Players in the Non-Life Insurance Market
of Slovenia (2002) - Gross Written Premium in US$ Million
for Triglav, Health Insurance Mutual, Maribor, Adriatic, and
Slovenica (includes corresponding Graph/Chart) ROE-105
The Reinsurance Sector ROE-106
Table 123: Slovenian Reinsurance Market (2000-2003): Premium
and Claims in SIT Million and Claims Ratio in Percentage for
Life and Non-Life Reinsurance (includes corresponding
Graph/Chart) ROE-106

4w. Sweden ROE-107
Industry Overview ROE-107
Table 124: Swedish Recent Past, Current & Future Analysis for
Insurance Industry by Segment - Life & Non-Life Markets
Independently Analyzed with Annual Premium Income in SEK
Billion for the Years 2006 through 2010 (includes
corresponding Graph/Chart) ROE-107

Table 125: Swedish 5-Year Perspective for Insurance Industry
by Segment - Percentage Breakdown of Premium Income for Life
and Non-Life Markets for 2006, 2008, and 2010 (includes
corresponding Graph/Chart) ROE-108

Table 126: Leading Players in the Swedish Insurance Market
(2006 & 2007): Percentage Market Share of Total Assets by
Company - Alecta, Skandia, SEB Trygg Liv, AMF Pension, LF
Insurance Group and Others (includes corresponding
Graph/Chart) ROE-108
Insurers Enter Banking ROE-108
Demographic Changes and the Pension System ROE-108
Life Insurance Industry ROE-109
Table 127: Swedish Life Insurance Market (2007 & 2008):
Percentage Market Share of Premiums for Unit Linked and Other
Life Insurance by Category - Occupational Pension, Endowment,
Private Pension, Accident and Health, Group Life and Others
(includes corresponding Graph/Chart) ROE-109

Table 128: Swedish Insurance Market (2006 & 2007): Percentage
Market Share of Assets of Life Insurance Companies by
Category - Shares, Bonds, Real Estate and Others (includes
corresponding Graph/Chart) ROE-110

Table 129: Leading Players in Swedish Life Insurance Market
(2006 & 2007): Percentage Market Share of Premiums for Unit
Linked and Life Insurance by Company - Skandia, SEB, Folksam,
Handelsbanken, AMF Pension, Swedbank Försäkr.,
Länsförsäkringar and Others (includes corresponding
Graph/Chart) ROE-110
Life Insurance - A Past Perspective ROE-111
Table 130: Swedish Life Insurance Industry (2003): Gross
Written Premium in US$ Billion by Leading Companies for
Alecta, Skandia Liv, AMF Pension, SEB TL Fond, Skandia Link,
SPP Liv, Robur Fors, Folksam Liv, LF Liv, and SHB Liv
(includes corresponding Graph/Chart) ROE-111

Table 131: Top-Five Players in the Swedish Life Insurance
Industry (2002) - Gross Written Premium in US$ Million for
Alecta, Skandia Liv, AMF Pension, Skandia Link, and SPP Liv
(includes corresponding Graph/Chart) ROE-111
Non-Life Insurance Industry ROE-112
Table 132: Swedish Non-Life Insurance Market (2007 & 2008):
Percentage Breakdown of Premium Income by Category - Business
and Houseowner, Householder and Homeowner, Motor Vehicle,
Motor Third Party, Accident and health and Others (includes
corresponding Graph/Chart) ROE-112

Table 133: Leading Players in the Swedish Non-Life Insurance
Market (2006 & 2007): Percentage Market Share of Premium
Income by Company - LF Insurance Group, If Skadeförsäkring,
Trygg-Hansa, Folksam, Dina and Others (includes corresponding
Graph/Chart) ROE-113

Table 134: Swedish Insurance Market (2006 & 2007): Percentage
Market Share of Assets of Non-Life Insurance Companies by
Category - Shares, Bonds, Real Estate and Others (includes
corresponding Graph/Chart) ROE-113
Non-Life Insurance - A Past Perspective ROE-114
Table 135: Swedish Non-Life Insurance Industry (2003): Gross
Written Premium in US$ Million by Leading Companies for IF
Skade, AFA Sjuk, Trygg-Hansa, Folksam Sak, LF Sak, LF
Stockholm, LF Skane, AGRIA, LF Goteborg, and SvKonsument
includes corresponding Graph/Chart) ROE-114

Table 136: Top-Five Players in the Swedish Non-Life
Insurance Industry (2002) - Gross Written Premium in US$
Million for If Skade, Trygg Hansa, Folksam Sak, AFA Sjuk,
and LF Sak (includes corresponding Graph/Chart) ROE-114

4x. Switzerland ROE-115
Table 137: Swiss Recent Past, Current & Future Analysis for
Insurance Industry by Segment - Life & Non-Life Markets
Independently Analyzed with Annual Premium Income in CHF
Billion for the Years 2006 through 2010 (includes
corresponding Graph/Chart) ROE-115

Table 138: Swiss 5-Year Perspective for Insurance Industry by
Segment - Percentage Breakdown of Premium Income for Life and
Non-Life Markets for 2006, 2008, and 2010 (includes
corresponding Graph/Chart) ROE-115

Table 139: Insurance Industry in Switzerland (2006): Per
Capita Premium in US$, and Penetration of Insurance by
Category - Life and Non-Life ROE-116
Market Highlights ROE-116
Table 140: Swiss Insurance Market (2005): Premium Volumes in
US$ Billion for Leading Swiss Private Insurers Worldwide
(includes corresponding Graph/Chart) ROE-116
Industry Overview ROE-117
Outlook ROE-117
Table 141: Swiss Insurance Market (2007 & 2008): Percentage
Market Share of Premiums by Category - Life, Medical, Motor,
Fire, Accident and Others (includes corresponding
Graph/Chart) ROE-117

Table 142: Swiss Insurance Market (2006 & 2007): Percentage
Market Share of Gross Claims by Category - Life, Medical,
Motor, Fire, Accident and Others (includes corresponding
Graph/Chart) ROE-118
Review of Sectors ROE-118
Life Insurance ROE-118
Table 143: Swiss Life Insurance Market (2006 & 2007):
Percentage Market Share of Premiums by Segment -
Occupational Pensions, Endowment Insurance, Unit- Linked
Life Insurance and Annuity Insurance (includes corresponding
Graph/Chart). ROE-119

Table 144: Swiss Life Insurance Market (2005): Percentage
Breakdown by Claims Paid by Segment - Annuity Insurance,
Endowment Insurance, Occupational Pensions, and Unit-Linked
Life Insurance (includes corresponding Graph/Chart) ROE-119
Key Players ROE-119
Table 145: Leading Players in the Swiss Group Life Market
(2006 & 2007): Percentage Breakdown of Market Share by
Company - Swiss Life, Winterthur/ AXA, ZFS, Baloise,
Helvetia and Others (includes corresponding Graph/Chart) ROE-120

Table 146: Leading Players in the Swiss Domestic Life
Market (2006 & 2007): Percentage Breakdown of Market Share
by Company - Swiss Life, AXA, Baloise, ZFS (Zurich Leben),
Patria, and Others (includes corresponding Graph/Chart) ROE-120

Table 147: Leading Players in the Swiss Non-Life Insurance
Market (2002-2004): Percentage Breakdown of Market Value by
Company for ZFS, Winterthur, Mobiliar, Allianz, Baloise and
Others (includes corresponding Graph/Chart) ROE-121
Non-Life Insurance ROE-121
Table 148: Swiss Property & Casualty Insurance Market (2007 &
2008): Percentage Market Share of Premiums by Category -
Motor & Liability Insurance, Medical Insurance, Fire &
Property Insurance, Accident Insurance, and Others (includes
corresponding Graph/Chart) ROE-122

Table 149: Swiss Medical Insurance Market (2007 & 2008):
Percentage Market Share of Premiums by Segment - Voluntary
Individual Medical Insurance and Group Medical Insurance ROE-122

Table 150: Swiss Fire and Property Insurance Market (2007 &
2008): Percentage Market Share of Premiums by Category -
Fire Insurance, Natural Hazard Insurance and Other Property
Insurance (includes corresponding Graph/Chart) ROE-122

Table 151: Swiss Liability and Motor Insurance Market (2007 &
2008): Percentage Market Share of Premiums by Category -
Motor Insurance (Motor Liability & Other Motor),
Comprehensive General Liability, Ocean Marine, Aviation and
Transport (includes corresponding Graph/Chart) ROE-123
Key Players ROE-123
Table 152: Leading Players in the Swiss Non-Life Insurance
Market (2002-2004): Percentage Breakdown of Market Value
by Company for ZFS, Winterthur, Mobiliar, Allianz, Baloise
and others (includes corresponding Graph/Chart) ROE-123

4y. Ukraine ROE-124
Table 153: Insurance Industry in Ukraine (2005): Percentage
Breakdown of Gross Written Premium by Category - Life, and
Non-Life (includes corresponding Graph/Chart) ROE-124
Life Insurance Sector ROE-125
Table 154: Life Insurance Industry in Ukraine (2003): Gross
Written Premium in US$ Million by Leading Companies for
Grawe Ukraina, Alico AIG Life, TAS, Aska Zhittya, Ekko,
Jupiter, Blakitniy Polis, Nadiya, Garant Life, and
Universalnaya (includes corresponding Graph/Chart) ROE-125

Table 155: Top-Five Players in the Life Insurance Market of
Ukraine (2002) - Gross Written Premium in US$ Million for
Grawe, TAS, Ekko, Jupiter, and Aska (includes corresponding
Graph/Chart) ROE-125
Non-Life Insurance Sector ROE-126
Table 156: Non-Life Insurance Industry in Ukraine (2003):
Gross Written Premium in US$ Million by Leading Companies for
Lemma, Kremen, Zemskaya, Oranta, Credo-Classic, Etalon, Aura,
Ostra-Kiev, Pozharno-Strakhovaya, and TAS (includes
corresponding Graph/Chart) ROE-126

Table 157: Top-Five Players in the Non-Life Insurance
Industry of Ukraine (2002) - Gross Written Premium in US$
Million for Lemma, Oranta, Credo-Classic, Municipal, and
Veksel (includes corresponding Graph/Chart) ROE-126
Reinsurance Market ROE-126

4z. Yugoslavia ROE-127

5. Product/Service Launch ROE-128
TrygVesta & Nordea Enters Finnish Insurance Market ROE-128
Allianz Elementar Offers Savings Products ROE-128

6. Product/Service Launches in Recent Past ROE-129
Inora Life Introduces Dynamic Income Plus Fund Series 3 ROE-129
Skandia Insurance AB Launches Skandia Global Funds ROE-129
Swiss Life Re-Introduces Critical Illness Products ROE-129
Nationale-Nederlanden Launches New Program ROE-129

7. Recent Industry Activity ROE-130
Kardan Acquires Stake in Sigma Albania ROE-130
Yugoriya Insurance Company Signs Deal with Ural Precision ROE-130
Generali Receives Approval to Acquire PPF’s Insurance Business ROE-130
TBIH Acquires Ukrainian Insurance Group ROE-130
UkrSibbank to Acquire Stake in Vesko Insurance ROE-131
Vienna Insurance Acquires Stake in Asirom ROE-131
Unipol to Acquire Stake in ING Insurance ROE-131
ING Divests Insurance Belgium ROE-131
Storebrand to Acquire SPP ROE-131
KBC to Acquire Stake in DZI Insurance ROE-132
Wiener Staedtische Acquires Sigma ROE-132
Sagicor Takes Over Gerling ROE-132
Allianz Acquires ATF-Polis ROE-132
Aviva Enters into Joint Venture with Bank Zachodni WBK ROE-132
Zurich Beteiligungs to Acquire Real Garant ROE-132
Vienna Acquires Majority Stake in Sigma ROE-133
Zurich Acquires Wrightway Underwriting ROE-133
Vienna Insurance Acquires Majority Stake in Asirom ROE-133
Bank Austria Creditanstalt and UNION Versicherungs Merge ROE-133
KBC Takes Over DZI Insurance ROE-133
Uniqa Increases its Share in Vitosha ROE-134
MFS Holdings Acquires Stake in Universal Life ROE-134
Pohjola Group Merges with Parent Company ROE-134
Alpha Bank Sells Alpha Insurance ROE-134
Quinn to Take Over BUPA Ireland ROE-134
Aviva Enters Motor Insurance Business ROE-134
Aegon and Banca Transilvania to Establish New Pension Firm ROE-134
Uniqa Signs an Agreement with Sigal ROE-135
Zurich Enters Belgium and Italian Markets ROE-135
Swiss Life to Acquire CapitalLeben ROE-135
Zurich Enters into Collaboration ROE-135
Unipol to Acquire Stake in ING Insurance ROE-135
BRE Bank and AEGON to Unite Respective Pension Funds ROE-135
Poland’s Ministry of Treasury to Merge PKO BP and PZU ROE-136
Wiener Staedtische to Acquire Stake in Asirom ROE-136
Ukraine Puts 25%+1 Share in Oranta for Sale ROE-136
Generali Enters Bulgarian Insurance Market ROE-136
ING to Commence Life Insurance Business in Bulgaria ROE-136
AXA to Acquire Alpha Insurance ROE-136
Euler Hermes to Enter Irish Market ROE-137
Allianz and Axa Joins Race to Buy DDOR ROE-137
Winterthur Sells Health Insurance Business ROE-137
Fortis Enters Ukrainian Life Insurance Market ROE-137
AXA to Take Over Winterthur ROE-137
Zurich Insurance Ireland Expands in Europe ROE-137
Swiss Re Snaps Up GE Insurance Solutions ROE-137
BUPA to Withdraw From Ireland ROE-138
Forties AG Merges with FB Verzekeringen to Form Fortis
Insurance Belgium ROE-138
Veritas Life Insurance Merges with Aktia Life Insurance ROE-138
Willis Group to Take Over Link Forsikringsmegling ROE-138
CableTel Enters into Partnership with Lev Ins ROE-139
K+H Bank’s General and Life Insurance Units Merge to Form K+H
Biztosito ROE-139
Swiss Re Snaps up GE Insurance Solutions ROE-139
Aon Jauch Acquires VMHWG ROE-139
Schweizerische to Acquire Employers Reinsurance and GE
Insurance Solutions ROE-139
Wiener Staedtische Buys Majority Interest in Royal Polska ROE-139
Ark Life and Hibernian in a Life Insurance Venture ROE-140
Old Mutual Eyes Purchase of Skandia ROE-140
Zurich Financial to Divest Universal Underwriters Group ROE-140
BCP Completes Sale of Insurance Units ROE-140
Volkswagen Enters Athens With the Establishment of Banking
and Insurance Units (ROE) ROE-140
Pohjola Group Reorganizes Non-Life Operations ROE-140
Willis Group Agrees to Acquire Nicon ROE-140
Storebrand Life Targets Swedish Pension Market ROE-141
Vesta USK Acquires Garant-Pharm ROE-141
Swiss Reinsurance Co. Acquires Valley Forge Life Insurance Co ROE-141
Union Biztosito Proposes to Step into Travel Insurance Market ROE-141

8. Strategic Corporate Developments in Recent Past ROE-142

Hansabank Acquires LDGD ROE-142
White Mountains Acquires Sirius International ROE-142
Universal American Buys Marketing Business of GRLIC ROE-142
Bank One Corp. Acquires Zurich Life ROE-142
XL Capital and Five European Insurers form Joint Venture for
Terrorism Coverage ROE-142
Special Risk Insurance and Reinsurance Luxembourg Commences
Operations ROE-143
Credit Suisse Divests 3.5% Stake in Swiss Reinsurance ROE-143
ING Re Leaves Cat Market ROE-143
Skandia Restructures Business Operations ROE-143
Alea Group Purchases Seven Hills Insurance ROE-143
Swiss Buys Research Operations of Conning ROE-144
Eureko Purchases Foreign and Colonial Management Ltd. ROE-144
Bancassurer KBC Expands Operations in Central Europe ROE-144
ABG and Sanpaolo Establish New Bancassurance Venture ROE-144
CGNU Acquires ABN Amro Magyar Elet es Nyugdijbiztosito
Reszvenytarsasag ROE-144
Credit Suisse First Boston Acquires CGU ROE-144
ABG and Sanpaolo IMI Establish New Bancassurance Venture ROE-145
Zurich Launches New Reinsurance Company ROE-145
Copenhagen Reinsurance Sets Up Office in Spain ROE-145
Societe Generale Creates Inora Life ROE-145
Prudential Divests General Insurance Business to Winterthur ROE-145

9. Focus on Select Players ROE-146
Aegon AB, Hungary ROE-146
Bulstrad DSK Life, Bulgaria ROE-146
Converium Group, Switzerland ROE-146
Fennia Group, Finland ROE-146
Generali-Providencia, Hungary ROE-146
Irish Life Assurance PLC, Ireland ROE-147
Nordea Group, Finland ROE-147
Sampo Insurance Co., Finland ROE-147
Skandia Insurance Company Ltd, Sweden ROE-148
Swiss Reinsurance, Switzerland - Leading P&C Insurer in the
World ROE-148
Tapiola, Finland ROE-148
Zurich Financial Services, Switzerland ROE-148

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