Non-Life/ Property & Casualty Insurance Industry - Global Strategic Business Report

  • ID: 604633
  • Report
  • Region: Global
  • 576 pages
  • Global Industry Analysts, Inc
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The Non-Life/ Property & Casualty Insurance Industry Report provides insightful analysis, market overview, structure and outlook of the global and regional non-life insurance markets. Richly laden with qualitative and quantitative analysis, the report provides the reader with an exhaustive preface to global and regional non-life/ property & casualty insurance industries. The discussion categorizes and summarizes sub-sectors of non-life insurance industry that include auto, homeowners’, credit, travel, aviation, workers’ compensation, fire, and terrorism, among others. A synopsized discussion offers preludes to regional non-life insurance markets such as the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, Rest of Europe), select countries of Asia-Pacific, Middle East & Africa, and Latin America. The closely summarized market report is designed to offer a macro level picture of the trends, market structure/basics, recent mergers & acquisitions, and strategic corporate developments witnessed by the industry. Also provided is a compilation of recent past/ historical perspective of the industry, and strategic corporate developments within it. The report examines the leading companies’ footing in the industry at global and/ or regional level, along with their annual written premiums. Global key and niche players briefly discussed and abstracted in the report include Allianz SE, American International Group, Inc., Assicurazioni Generali, Aviva Plc, CGU Insurance, China Pacific Property Insurance Co., Ltd., Chubb Corp., Groupama, ING Group NV, Insurance Australia Group Ltd., Liberty Mutual Group, Legal & General Group Plc, Metropolitan Life Insurance Co., Mitsui Sumitomo Insurance, Company, Ltd., NFU Mutual Insurance Co., Pacifica, PICC Property and Casualty Company Ltd., Royal & Sun Alliance Insurance Group, State Farm Group, Suncorp Metway Insurance, Swiss Reinsurance, and Zurich Financial Services among others

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NON-LIFE/ PROPERTY & CASUALTY INSURANCE INDUSTRY

A STRATEGIC BUSINESS REPORT

CONTENTS

1. Non-Life (Property/Casualty, General) Insurance - An Overview PC-1
Emerging Markets - Hot Cake for Insurers PC-1
Key Insurance Segments Covered PC-2

2. Personal Lines PC-3

3. Commercial Insurance PC-4
An Outline of Various Commercial Lines PC-4
Insurance Programs - Meeting Unique Needs PC-5
Complexity - A Key Characteristic PC-5
At No Risk of Disappearing PC-5

4. Segment Overview PC-6
Auto Insurance PC-6
Homeowners’ Insurance PC-6
Common Types of Protection PC-7
Structure of the House PC-7
Personal Belongings PC-7
Liability Protection PC-8
Additional Living Expenses PC-8
Savings on Renters Insurance PC-8
Customer Guidelines PC-8
Insurance for Boats and Personal Watercraft PC-9
Household Help Insurance PC-10
Contracting with an Outside Firm PC-10
Occasional Workers PC-10
Permanent Employees PC-10
Auto Insurance PC-10
Business Owner’s Policy PC-10
Scope of Coverage PC-10
Need for Business Interruption Insurance PC-11
The Exclusions PC-11
Building a Disaster Proof Business PC-12
Business Interruption Coverage - Where To? PC-13
Credit Insurance PC-14
Credit Insurance Sector Poised for Substantial Growth PC-14
Travel Insurance PC-15
Basics of Travel Insurance PC-15
Current Scenario PC-15
The Concept PC-15
The Need PC-15
The Scope PC-16
Free Services PC-16
Exclusions PC-16
The Shortcomings PC-17
Travel Insurance Terms and Definitions PC-17
Types of Travel Risks PC-18
Cancellation PC-18
Curtailment PC-19
Medical Expenses PC-19
Baggage Loss PC-20
Types of Travel Insurance PC-20
International Health Insurance PC-21
Individual Health Insurance Plans Based in the US PC-21
Trip Insurance/Short-term Travel Insurance PC-21
Long-Term International Health Insurance (Only Overseas
Coverage) PC-21
Long-Term International Health Insurance (Includes Home
Country Coverage) PC-21
Customer Considerations PC-23
Choosing a Product PC-23
Affordable Alternatives PC-23
Customer Checklist PC-24
International Medical Insurance PC-24
Air Travel Insurance Getting Costlier Post 9/11 PC-24
Growth Prospects PC-25
Aviation Insurance PC-25
Losses Bottom Out PC-25
Limits for Popular Jets: PC-26
AVN48 Clause PC-26
Premiums Spiral Up PC-26
Terrorism Insurance PC-27
Insurance Industry - Terrorist Attack and the Aftermath PC-27
Government Cover for Insurance Industry Against Terrorist
Risks in Various Countries PC-27
France PC-27
Germany PC-27
The UK PC-28
Spain PC-28
South Africa PC-28
Israel PC-28
US - Terrorism Risk Insurance Act Amended PC-28
Workers Compensation Insurance PC-28
Regulatory Hurdles PC-28
Role of Wholesalers PC-29
Saving the Sinking Ship PC-29
Outlook PC-29
Fidelity Insurance PC-30
Cyber Crime and Fidelity Insurance PC-30
Rise in Internet Connections Contribute to the Problem PC-30
Low Premiums a Cause for Concern PC-30
Fidelity and Globalization PC-31
Employment Practices Liability Insurance PC-31
Comes Into Focus PC-31
Insurers Doing Their Bit PC-31
Nobody’s Immune PC-32
Smaller Employers - Take it Too Easy? PC-32
Larger Companies - Oversights May Prove Costly PC-32
What’s Driving Claims? PC-32
Internet for Risk Management PC-32
Outlook PC-33
D&O Insurance PC-33
Recognizing Liabilities of Top Executives PC-33
A Key Component of Liability Coverage PC-33
Market Scenario PC-34
Capacity Trends PC-34
Increased Rates PC-34
Mounting Losses PC-34
Key Market Characteristics PC-35
Basic Duties of D’s & O’s PC-35
Table 1: US D&O Claims by Type of Claimant (includes
corresponding Graph/Chart) PC-36
A Nightmare for Underwriter PC-36
Securities Litigation PC-36
Outlook PC-37
Insurance for Nonprofits - Impact of a Hardening Market PC-37
Structural Differences Prove a Hindrance PC-37
Looking Towards Purchasing Groups PC-38
Property Coverage to Become Scarce PC-38
Opportunities Do Exist PC-38
Insurance for Public Entities PC-38
Role of Insurance Pools PC-39
Schools Hit Hard PC-39
Carriers Have the Say PC-39
Outlook PC-40
Environmental Pollution Policies - Not Just for Industries PC-40
A Complex Market PC-40
Transaction Insurance PC-41
Why the Sudden Rush? PC-41
Upswing for Dry Cleaners Pollution Policies PC-41
Policies for Contractors PC-41
Signing of the UN Statement PC-42
Techniques For Inspecting Environmental Claims- Related Sites PC-42
The Superfund Issue PC-43
Fine Art Policies - Insuring Treasures PC-43
Types of Policies PC-43
Theft, not the No.1 Risk PC-43
Yet, Risk of Theft Cannot be Ignored PC-44
Focus on Customer Service PC-44
Spectator Liability Insurance PC-44
The Darker Side of Sporting Events PC-44
The Need for Spectator Liability Coverage PC-45
Stadiums and Structures on Red Alert PC-45
Terrorism Exclusion Comes As a Breather PC-45
Event Cancellation Coverage PC-46
Tough Times PC-46
Other Key Categories PC-46
Medical Malpractice PC-46
Definition and Causes PC-46
Preventing Malpractice Claims PC-47
Some Solutions PC-47
Public Education PC-47
Improved Legal Defense PC-47
Tort Reform PC-47
Political Risk Insurance PC-48
Companies’ Scare for Political Risks Boosts Prospects PC-48
A Review of Past PC-49
Pricing PC-49
Insurance for the Film Industry PC-49
Insurance Keeps Hollywood in ‘Motion’ PC-49
Completion Bonding - Entrenched PC-50
The New Entrants PC-50
Intellectual Property Coverage - Valuing Intangibles PC-51
The Obstacles PC-51
There is a Need PC-51
Marine (Hull And Cargo) Insurance Worldwide PC-52
Dogged by Capacity Concerns PC-52
Cargo Insurance PC-52
Online Risks - New Age Perils PC-52
First-Party Damage PC-53
Third-Party Liability PC-53
Insurance for Chemical Industry PC-53
Problems Aplenty for Chemical Processing Industry PC-53
Rise in Claims PC-54
Rise in Prices PC-54
Reasons for Price Increase PC-54
Entry of New Insurers PC-54
Exclusions from Liability Risk PC-55
Diligence is the Buzz Word! PC-55
Alternative Risk Transfer Gaining Momentum PC-55

5. Regional Perspective PC-56
Table 2: Global General Insurance Industry (2004): Leading
Countries By Premium Volume as Percentage Share of GDP PC-56

Table 3: Global General Insurance Industry (2004): Leading
Countries By Per Capita Premiums PC-56

Table 4: Top Ten Global Casualty/Property Companies (2005):
Companies Ranked by Revenue in US$ Million for Allianz, AIG,
Berkshire Hathaway, Munich Re, Zurich Financial Services,
State Farm Insurance Cos., All State, Swiss Re, Millea
Holdings and St Paul Travelers Cos) (includes corresponding
Graph/Chart) PC-57

5a. United States PC-58
US - World’s Biggest Insurance Hub PC-58
Current & Future Analysis PC-58
Table 5: US Recent Past, Current & Future Analysis for
Non-Life Insurance Industry with Direct Premiums Written in
US$ Billion for the Years 2006 through 2010 (includes
corresponding Graph/Chart) PC-58

Table 6: US Non-Life Insurance Industry: Premium Income in
US$ Billion, Per Capita Premium in US$, and Penetration Rate
for 2006 (includes corresponding Graph/Chart) PC-59
Hurricane Havoc PC-59
Hurricanes in 2007 to Influence Insurance Market in 2008 PC-60
Table 7: US P&C Insurance Market (2005 & 2006): Insured
Catastrophe Losses in US$ Billion PC-60
The US Insurance Industry Achieves Best Underwriting
Performance in 2006 PC-60
Life & Health Overtakes P&C Insurance Lines PC-60
Heading for a Margin Squeeze PC-61
Around the Corner PC-61
2007: Overview PC-61
Table 8: US Property & Casualty Insurance Market (2006 &
2007): Percentage Breakdown of Direct Premiums Written by
Category for Private Passenger Auto, Homeowners Multiple
Peril, Workers Compensation, Commercial Multiple Peril,
Commercial Auto, Inland Marine, Medical Malpractice, Fire,
Accident & Health, Mortgage Guaranty, and Other Insurance
(includes corresponding Graph/Chart) PC-61

Table 9: Leading Players in the US Property/Casualty
Insurance Market (2006): Revenues in US$ Billion by Company -
American International Group, Berkshire Hathaway, State Farm
Insurance Cos., Allstate and Hartford Financial Services
(includes corresponding Graph/Chart) PC-62
Prices to Stabilize in Near Future PC-62
Fundamental Risks Loom Large PC-63
Liability Insurance - A Major Concern PC-63
Market Scan - 2005 PC-64
Property & Casualty Insurance - Stunned by the Storms PC-64
Table 10: US Property Insurance Market: Leading Disasters by
Industry Losses in US$ Billion PC-65
Premium Growth PC-65
Pricing PC-65
Capacity PC-65
Coverage PC-66
Terrorism PC-66
Rising Tort Costs PC-66
Renewals Soften PC-66
Offshore Energy Market and Onshore Property Insurance Market PC-66
Aviation Insurance PC-67
Construction Insurance PC-67
Excess Casualty Insurance PC-68
Marine Insurance PC-68
Professional Liability Insurance PC-68
2004: A Review PC-68
P & C Insurance Market Highlights - 2004 PC-68
Table 11: US Property & Casualty Insurance Market (2004):
Percentage Breakdown of Net Premiums Written by Line -
Accident & Health, Commercial Lines, and Personal Lines
(includes corresponding Graph/Chart) PC-70

Table 12: US Personal Lines Insurance Market (2004):
Percentage Breakdown of Net Premiums Written by Segment -
Private Passenger Auto Liability, Homeowners Multi Peril,
and Private Passenger Auto Physical Damage (includes
corresponding Graph/Chart) PC-70
Market Heads Towards Recovery PC-70
Premiums and Pricing PC-71
Deductibles PC-71
Terrorism PC-71
Insurers Increasingly Rely on Segmentation to Cut Pricing Risks PC-72
Combined Ratio and Source of Income PC-72
Table 13: US Insurance Industry (2002-2004): Percentage of
Investments by Property/Casualty Insurers in Bonds, Stocks
(Preferred & Common), Mortgage Loans on Real Estate and
Others (includes corresponding Graph/Chart) PC-73
Policyholder Surplus PC-73
Expense Ratio PC-73
Issue on Tort Costs PC-73
Surging Losses from Asbestos and Environmental (A&E) Claims PC-74
Casualty Insurance PC-74
Table 14: Leading Players in the US Group Casualty Market:
2003 (includes corresponding Graph/Chart) PC-75

Table 15: US Other Accident & Health Casualty Insurance
Market (2003): Percentage Market Share of Leading Companies
(includes corresponding Graph/Chart) PC-75

Table 16: US Private Passenger Casualty Insurance Market
(2003): Percentage Market Share of Leading Companies
(includes corresponding Graph/Chart) PC-76

Table 17: US Commercial Casualty Insurance Market (2003):
Percentage Market Share of Leading Companies (includes
corresponding Graph/Chart) PC-76

Table 18: US Other Liability/Casualty Insurance Market
(2003): Percentage Market Share of Leading Companies
(includes corresponding Graph/Chart) PC-77
A Backgrounder PC-77
Industry Hit Hard by Global Climatic Changes PC-77
Top Natural Catastrophes in the US - 2003 & 2004 PC-78
A Perspective of P&C Losses PC-79
Table 19: US Property-Casualty Insurance Losses from
Catastrophic Events for 1991 to 2004 (Losses in US$ billion) PC-79
Key Trends and Issues PC-79
Outlook for Property/Casualty Insurance Industry PC-79
Regional Insurers Gain Ground PC-80
‘Risk’ is the Bait for Business PC-80
Small Insurers Keep Afloat PC-80
Disaster Prone Areas Face Lesser Insurance Coverage PC-80
Hurricane Losses Expand Coverage for Homeowners Insurance PC-81
Wave of Demutualization Activity Marks US Insurance Industry PC-81
US Government Opposes Extension of Terrorism Insurance PC-81
Insurance Frauds - A Major Challenge to Industry PC-82
Table 20: US’ Insurance Fraud Costs (In US$ Billion) by
Sector (2000) (includes corresponding Graph/Chart) PC-82
Regulatory Setup to Handle Insurance Frauds PC-83
Proposition 103 Keeps Insurance Rates in Check PC-83
Effects of Florida’s Insurance Reform PC-83
New Property Insurance Legislation in Florida PC-84
Guaranty Funds PC-84
Insolvency Rates of US P/C Companies On Rise PC-84
Table 21: Principal Factors Causing Insolvency in the US
Property/Casualty Insurance Market (2002) (includes
corresponding Graph/Chart) PC-85

Table 22: Insolvency Rates for US P/C Companies by Year
(1993- 2002) (includes corresponding Graph/Chart) PC-85
September 11: The Aftershocks PC-85
9/11 - The Costliest Insured Disaster PC-86
Estimated Insurance Payments Related to Sept. 11 2001, by
Sector (In US$) PC-87
Table 23: September 11: Estimates of Losses for US Insurance
Industry (In US$ Billion) (includes corresponding
Graph/Chart) PC-87
The Ripples from WTC Disaster PC-87
Skyrocketing Insurance Rates PC-87
The Other Cause PC-88
Corporate America Shuns Traditional Insurance PC-88
All Eyes Turn Towards Catastrophe Modeling PC-89
The Recessionary Climate PC-89
Sustained Underpricing PC-89
Medical Inflation PC-90
Corporate Failures PC-90
Abuse of the Legal System PC-90
Functioning of Insurance Companies PC-91
Comparative Study of the US vis-à-vis Europe PC-91
No. of Insurance Companies in the US by State and Category:
2002-2003 PC-92
Need to Overcome the Hurdles PC-93
Non-Life Insurance PC-93
P&C Industry Posts Profits - A 2005 Perspective PC-93
P&C Sector Concentrates on Diversified Sales Channels PC-94
Table 24: US Property & Casualty Insurance Industry (2005):
Percentage Breakdown of Direct Premiums Written by Category
  • Commercial Auto Liability, Commercial Auto Physical Damage,
Commercial Multiple Peril, Homeowners Multiple Peril,
Private Passenger Auto Liability, Private Passenger Auto
Physical Damage, Fire, Inland Marine, Workers Compensation,
Medical Malpractice, and Others (includes corresponding
Graph/Chart) PC-94
Major Players PC-95
Table 25: Leading Players in the US Private Passenger Auto
Insurance Market (2006): Direct Premiums Written in US$
Billion by Company -State Farm Mutual Group, Allstate
Insurance Co. Group, Progressive Casualty Group, National
Indemnity Co. Group (Berkshire Hathaway), Farmers Insurance
Group, Nationwide Group, United Services Automobile
Association Group, American International Group, Liberty
Mutual Group and American Family Insurance Group (includes
corresponding Graph/Chart) PC-95

Table 26: US Passenger Auto Insurance Industry (2006):
Percentage Breakdown of Expenses and Claims in Relation to
Premiums (includes corresponding Graph/Chart) PC-95

Table 27: US Auto Insurance Market (2005 & 2006): Percentage
Breakdown of Losses by Category for Private Passenger
Liability, Private Passenger Physical Damage, Commercial Auto
Liability, and Commercial Auto Physical Damage (includes
corresponding Graph/Chart) PC-96

Table 28: Leading Players in the US Homeowners Insurance
Market (2006): Direct Premiums Written in US$ Billion by
Company - State Farm Mutual Group, Allstate Insurance Group,
Zurich Insurance Group, Nationwide Group, Travelers Group,
USAA Group, Liberty Mutual Insurance Group, Chubb & Son
Group, American Family Insurance Group and Hartford Fire &
Casualty Group (includes corresponding Graph/Chart) PC-96

Table 29: US Homeowners Insurance Market (2005 & 2006):
Percentage Breakdown of Losses by Claim Category for Property
Damage (Fire, Lightning and Debris Removal, Wind and Hail,
Water and Freezing, Theft, and Other Property Damage) and
Liability (includes corresponding Graph/Chart) PC-97

Table 30: US Homeowners Insurance Market (2006): Leading
States in the US by Direct Premiums in US$ Million (includes
corresponding Graph/Chart) PC-97

Table 31: Leading Players in US Property & Casualty Insurance
Industry (2005): Net Written Premiums in US$ Million for Amer
Intl Group, Allstate Ins Group, Berkshire Hathaway, Farmers
Ins Group, Hartford Ins Group, Liberty Mutual, Nationwide
Group, Progressive Ins Group, State Farm Group, and St. Paul
Travelers Group (includes corresponding Graph/Chart) PC-98

Table 32: US Non-life Insurance Industry (2003): Gross
Written Premium in US$ Billion by Leading Companies for State
Farm Mutual Group, American International Group, Allstate
Insurance Co. Group, Liberty Mutual Group, Travelers Property
Casualty Corp. & Affiliates, Farmers Insurance Group,
Nationwide Group, Zurich Insurance Co. Group, Progressive
Casualty Group, and Continental Casualty Group (CNA)
(includes corresponding Graph/Chart) PC-99
TRIA PC-99
Casualty Market PC-100
Coverage and Restrictions PC-100
Casualty Alternative Risk Transfer & Integrated Risk PC-100
Blended and Finite Risk PC-100
Swing Plans & Captives PC-100
Key Statistics PC-101
Table 33: US Property/Casualty Insurance Market: Percentage
Share Breakdown by Dollars of Direct Premiums Written by
Segment for 2003 (includes corresponding Graph/Chart) PC-101

Table 34: US Inland Casualty Insurance Market (2004 & 2005):
Percentage Market Share of Leading Companies (includes
corresponding Graph/Chart) PC-102

Table 35: Leading Players in the US Inland Casualty Market:
2003 (includes corresponding Graph/Chart) PC-103
Competitive Scenario PC-103
A Fragmented Industry PC-103
Table 36: Leading Players in US Property & Casualty Market
(2003): Percentage Share Breakdown by Net Written Premium
for State Farm Group, American International Group I,
Allstate Insurance Group, Zurich/Farmers Group, Berkshire
Hathaway Ins. Group, Nationwide Group, St. Paul Travelers
Cos, Liberty Mutual Insurance Cos, Progressive Insurance
Group, Chubb Group of Insurance Cos. and Others (includes
corresponding Graph/Chart) PC-104

Table 37: Leading Property/Casualty (P/C) Insurance Players
by Revenues: 2003 (includes corresponding Graph/Chart) PC-105

Table 38: Leading Property/Casualty Reinsurers by Net
Premium Written in the US: 2003 (In US$ Billion) (includes
corresponding Graph/Chart) PC-106
P/C - Before and After 9/11 PC-106
P/C Before 9/11 PC-106
Property / Casualty Industry - After September 11 PC-107
Toughening Trends PC-107
Bleak Picture - Better Prospects PC-107
Recovery Springs from Within PC-107
Effective Capital Deployment and Customer Confidence - Key
to Recovery PC-108

5b. Canada PC-109
Positive Economy - A Reason to Cheer PC-109
Market Overview PC-109
Table 39: Canadian Recent Past, Current & Future Analysis for
Non-Life Insurance Industry with Annual Premium Income in US$
Million for the Years 2006 through 2010 (includes
corresponding Graph/Chart) PC-109

Table 40: Non-Life Insurance Industry in Canada: Per Capita
Premium in US$, and Penetration Rate for 2006 PC-110

Table 41: Canadian General Insurance Market (2007 & 2008):
Percentage Breakdown of Premiums by Category for Automobile,
Personal Property, Liability, Commercial Property, Accident &
Sickness, and Others (includes corresponding Graph/Chart) PC-110

Table 42: Canadian P&C Insurance Market (2003): Percentage
Share Breakdown of Net Premium (In $ Million) for Automotive,
Commercial Property, Personal Property, Liability, and Others
(includes corresponding Graph/Chart) PC-111
Upholding Long Term Profitability is Intricate PC-111
Types of P&C Insurance PC-111
Automobile Insurance PC-111
Table 43: Canadian Automobile Insurance Market (2005 &
2006): Percentage Breakdown of Net Premiums Written and
Claims Paid by Segment - Personal, Liability, and Others
(includes corresponding Graph/Chart) PC-112
Auto Insurance in Canadian Provinces PC-112
Auto Insurance Rating PC-113
Latest Rules for Auto Insurance Rate Making PC-113
Rising Claims Propel Policy Growth PC-114
Property Insurance PC-114
Insurance of Personal Property PC-114
Table 44: Canadian Property Insurance Market (2005 & 2006):
Net Premiums Written and Claims Paid in US$ Million by
Segment - Personal, and Commercial (includes corresponding
Graph/Chart) PC-114
Other Forms of P&C Insurance PC-115
Table 45: Canadian P&C Insurance Market (2005 & 2006): Net
Premiums Written and Claims Paid in US$ Million for Select
Types - Accident & Sickness, Aircraft, Boiler & Machinery,
Hail, Marine, Surety, and Fidelity Insurance (includes
corresponding Graph/Chart) PC-115
Close Ties with Government Boost Operational Performance PC-115
Taxes on Premiums PC-116
Non-Admitted Coverage PC-116
Brokers - Writers of Commercial Insurance PC-116
The Property and Casualty Insurance Compensation Corporation
(PACICC) PC-116
By Segment PC-116
Property PC-116
Boiler and Machinery PC-117
Engineering/Construction PC-117
Upholding Long Term Profitability is Intricate PC-117
Stringent Regulations Create Market Imbalance PC-117
High Taxes Burden Industry PC-117
Re-building Trust & Confidence PC-118
P&C Competitive Scenario PC-118
A Fragmented Industry PC-118
Leading Players by Net Written Premium PC-118
Table 46: Canadian P&C Insurance Industry (2003): Percentage
Share Breakdown of Net Written Premium by Leading Players
for ING, Aviva, Co-operators, Economical, State Farm,
Desjardins, Wawanesa, Royal & Sun Alliance, AXA, Dominion
and Others (includes corresponding Graph/Chart) PC-118
Leading Players by Gross Written Premium PC-119
Table 47: Canadian Non-Life Insurance Industry (2003): Gross
Written Premium in US$ Billion by Leading Companies for ING
Canada, AVIVA, Co-operators, Economical Ins, State Farm,
Desjardins, Wawanesa Mutual, Royal & SunAlliance, AXA
Canada, and Dominion of Canada (includes corresponding
Graph/Chart) PC-119

Table 48: Top-Five Players in the Canadian Non-Life
Insurance Industry (2002) - Gross Written Premium in US$
Million for ING Canada, AVIVA, Co-operators, Royal &
SunAlliance, and Economical Ins (includes corresponding
Graph/Chart) PC-119
Leading Players by Assets PC-120
Table 49: Canadian P & C Insurance Industry (2003): Leading
Players by Value Assets in Can$ Million for ING Canada,
Aviva Canada Inc., Royal & SunAlliance, Co-operators Group,
Economical Ins. Group, State Farm Ins. Cos, Wawanesa
Mutual, AXA Canada Inc. Liberty Mutual Group, and American
Home Assurance (includes corresponding Graph/Chart) PC-120

5c. Japan PC-121
Japan - A Leading Insurance Market Worldwide! PC-121
Table 50: Japanese Recent Past, Current & Future Analysis for
Non-Life Insurance Industry with Annual Premiums in US$
Billion for Fiscal Years 2005 through 2010 (includes
corresponding Graph/Chart) PC-121
General /Non-Life Insurance Market Overview PC-121
Table 51: Japanese General Insurance Industry
(FY2005-FY2007E): Percentage Breakdown of Direct Premiums by
Category for Automobile (Voluntary), Fire, Personal Accident,
Automobile (Compulsory), and Miscellaneous (includes
corresponding Graph/Chart) PC-122

Table 52: Japanese General Insurance Industry
(FY2005-FY2007E): Percentage Breakdown of Net Premiums by
Category for Automobile (Voluntary), Automobile (Compulsory),
Fire, Personal Accident, and Miscellaneous (includes
corresponding Graph/Chart) PC-123

Table 53: Japanese General/Non-Life Insurance Companies - Key
Statistics (FY2005) PC-123

Table 54: Japanese Market for General/Non-Life Insurance
(2005): Direct Claims in Billion Yen, and Percentage
Breakdown by Business Segment - Compulsory Automobile
Liability, Fire, Marine & Inland Transit, Personal Accident,
Voluntary Automobile, and Miscellaneous Casualty (includes
corresponding Graph/Chart) PC-124

Table 55: Japanese Market for General/Non-Life Insurance
(2004): Percentage Value Breakdown of Net Premium by Segment
  • Auto (Compulsory, Voluntary), Fire, Miscellaneous Casualty,
Personal Accident and Marine & Inland Transit (includes
corresponding Graph/Chart) PC-124
Tokio Leads the Pack PC-125
Table 56: Leading Players in Japanese Non-Life Insurance
Market (2004): Percentage Market Share by Company - Aioi
Insurance, Fuji Fire & Marine, Kyoei, Mitsui Sumitomo,
Nipponkoa, Nissay Dowa, Nisshin Fire & Marine, Sompo Japan,
Tokio Marine Nichido, and Others (includes corresponding
Graph/Chart) PC-125

Table 57: Japanese Non-Life Insurance Industry (2003): Gross
Written Premium in US$ Billion by Leading Companies for
Tokio, Mitsui Sumitomo, Sompo Japan, Aioi, Nippon Koa,
Nichido, Nissay Dowa, Fuji, AIU, and Kyoei (includes
corresponding Graph/Chart) PC-125
Classification of Foreign Non-Life Insurance Firms PC-126
Investment Framework PC-126
Distribution PC-126
Table 58: Japanese General/Non-Life Insurance Market (2005):
Percentage Breakdown of Direct Premium Generation by
Distribution Channel - Agents, Brokers, and Direct
Distribution (includes corresponding Graph/Chart) PC-127

Table 59: Japanese General/Non-Life Insurance Market: Total
Direct Premiums Collected by Distribution Channel (2001-2002)
in Million Yen (includes corresponding Graph/Chart) PC-127
Property Insurance PC-127
Other Insurance Sectors PC-128
“Third Sector” in Japan PC-128
Savings Type Insurance Market PC-128
Facts & Figures - A Snapshot of the Japanese Insurance
Industry in Recent Past PC-128
Table 60: Top-Five Players in the Japanese Non-Life
Insurance Market (2002) - Gross Written Premiums in US$
Million for Tokio Marine, Sompo Japan, Mitsui Sumitomo,
NipponKoa, and Aioi (includes corresponding Graph/Chart) PC-128

Table 61: Japanese General/Non-Life Insurance Companies -
Key Statistics (2002) (includes corresponding Graph/Chart) PC-129

Table 62: Japanese General/Non-Life Insurance Market: Net
Premiums by Category (2001-2002) in Million ¥ (includes
corresponding Graph/Chart) PC-130

Table 63: Japanese General/Non-Life Insurance Market: Total
Direct Premiums of Foreign General Insurance Firms by
Category (2001-2002) in Million ¥ (includes corresponding
Graph/Chart) PC-130

Table 64: Japanese General/Non-Life Insurance Market: Direct
Claims Paid (2001-2002) by Category in Million ¥ (includes
corresponding Graph/Chart) PC-131

Table 65: Direct Premiums Written Abroad by Japanese
General/Non-Life Insurers (in Million ¥) for 2001 & 2002
(includes corresponding Graph/Chart) PC-131
Performance Indicators of Insurers: 2000 PC-132
Table 66: Leading Japanese Non-Life Insurers’ Performance
Indicators: 2000 (¥ Billion) PC-132
Disaster Claims PC-132
Table 67: Key Personal Accident Insurers in Japan by Net
Premiums Written: 2000 (In ¥ Billion) (includes corresponding
Graph/Chart) PC-132

Table 68: Japanese Personal Accident Insurance Market: Direct
Claims Paid Out by Insurers: 1995-2002 (In ¥ Billion)
(includes corresponding Graph/Chart) PC-133

5d. Europe PC-134
Market Growth PC-134
Non-Life Insurance - Loosing Its Sheen? PC-134
European Insurance Industry PC-134
Table 69: European Recent Past, Current & Future Analysis for
Non-Life Insurance Industry with Annual Premium Income in US$
Billion for the Years 2006 through 2010 (includes
corresponding Graph/Chart) PC-134

Table 70: European Recent Past, Current & Future Analysis for
Non-Life Insurance Industry by Leading Country/ Region -
United Kingdom, France and German Markets Independently
Analyzed with Annual Premium Income in US$ Billion for the
Years 2006 through 2010 (includes corresponding Graph/Chart) PC-135
Historic Review PC-135
Table 71: Major Non-Life Insuring Nations in Europe: 2000 (In
US$ Billion) (includes corresponding Graph/Chart) PC-136
Outlook PC-136
Table 72: European Non-Life Insurance Market (2005):
Percentage Breakdown of Premium Income by Country -Belgium,
Denmark, Finland, France, Germany, Italy, Netherlands, Spain,
Sweden, Switzerland, United Kingdom, and Others (includes
corresponding Graph/Chart) PC-137

Table 73: European Non-Life Insurance Market (2005):
Percentage Breakdown of Premium Income by Category - General
Liability, Health & Accident, Legal Expenses, MAT, Motor
Premium, Property, and Others (includes corresponding
Graph/Chart) PC-137

Table 74: European Property Insurance Market (2005):
Percentage Breakdown of Premium by Country - France, Germany,
UK, Italy, Spain, Netherlands, Sweden, and Rest of Europe
(includes corresponding Graph/Chart) PC-138
Regulatiuons PC-138
Non-Life Insurance Sector PC-138
Other Non-Life Measures PC-138

5d(i).France PC-140
Europe’s #3 Non-Life Market PC-140
Motor Insurance Hogs the Limelight PC-140
Market Overview PC-140
Table 75: French Recent Past, Current & Future Analysis for
Non-Life Insurance Industry with Annual Premium Income in US$
Billion for the Years 2006 through 2010 (includes
corresponding Graph/Chart) PC-141

Table 76: French Insurance Industry (2006): Per Capita
Premium in US$, and Penetration of Insurance by Category -
Life and Non-Life PC-141

Table 77: French Non-Life Insurance Market (2006 & 2007):
Percentage Breakdown of Written Premiums by Category - Motor,
Fire, Accident, General Liability, Construction, Natural
Catastrophes, Transport and Miscellaneous (includes
corresponding Graph/Chart) PC-142

Table 78: French Non-Life Insurance Market (2006 & 2007):
Percentage Breakdown of Ceded Premiums by Category - Fire,
Natural Catastrophes, Motor, Accident, General Liability,
Transport, Construction and Miscellaneous (includes
corresponding Graph/Chart) PC-143

Table 79: French Property & Casualty (P&C) Insurance Market
(2006 & 2007): Percentage Breakdown of Premium Income by
Distribution Channel - Tied Agents, Direct Writing Companies,
Brokers, Bancassurance, Salaried Sales Associates and Other
Alternative Channels (includes corresponding Graph/Chart) PC-144
Competitive Landscape PC-145
Table 80: Leading Players in French Property & Casualty (P&C)
Insurance Market (2006 & 2007): Percentage Market Share of
Premiums by Company - Axa, Groupama, AGF, Generali, CNP and
Others (includes corresponding Graph/Chart) PC-145

Table 81: French Non-Life Insurance Market (2006): Percentage
Market Share of Leading Players - AGF, AXA, Banks, CNP,
Groupama, MACIF, Maif, Matmut, MMA, SMA Btp, and Others
(includes corresponding Graph/Chart) PC-145

Table 82: French Property and Casualty Insurance Industry
(2004): Gross Written Premium in US$ Million by Leading
Companies for Groupama, AXA, AGF, Generali France, CNP, ACM,
Aviva France and Prédica/Pacifica (includes corresponding
Graph/Chart) PC-146

Table 83: French Non-Life Insurance Industry (2002): Gross
Written Premium in US$ Billion by Leading Companies for
Groupama GAN, AXA, AGF Allianz, Generali, Mutual du Mans,
Azur GMF, MACIF, MAIF, MAAF, and ACM (includes corresponding
Graph/Chart) PC-146

Table 84: Top-Five Players in the French Non-Life Insurance
Industry (2001) - Gross Written Premiums in US$ Billion for
AXA, Groupama GAN, AGF Allianz, MACIF, and Azur GMF (includes
corresponding Graph/Chart) PC-147
Property and Casualty Insurance PC-147
Property Insurance Highlights PC-147
Table 85: French Property and Casualty Insurance Market
(2005): Premiums in Euro Billion by Category - Automobile,
Commercial Property, Construction, General liability, and
Homeowners Comprehensive (includes corresponding
Graph/Chart) PC-148

Table 86: French Property and Casualty Insurance Market
(2005): Percentage Breakdown of Coverage Costs Under
Homeowners‘ Comprehensive Policies by Category - Fire,
Liability, Natural Disasters, Theft, Water Damage, and
Others (includes corresponding Graph/Chart) PC-148

Table 87: French Property and Casualty Insurance Market
(2002): Categories Ranked by Primary Business Premium in
Euro Billion (includes corresponding Graph/Chart) PC-149
Commercial Property Insurance PC-149
Table 88: French Commercial Property Insurance Market (2002):
Premiums by Category in Euro Billion (includes corresponding
Graph/Chart) PC-150

5d(ii).Italy PC-151
A Small Market for Non-Life PC-151
Table 89: Italian Recent Past, Current & Future Analysis for
Motor Insurance with Gross Written Premiums in Euro Billion
for the Years 2004 through 2008 (includes corresponding
Graph/Chart) PC-151

Table 90: Italian Non-Life Insurance Industry (2002 & 2003):
Total Premium by Category in Euro Million (includes
corresponding Graph/Chart) PC-152

Table 91: Italian Insurance Industry (1993-2002): Total
Non-Life Premium in Euro Million (includes corresponding
Graph/Chart) PC-153

Table 92: Italian Insurance Market (2003): Number of Domestic
Insurance Companies by Judicial Nature and Business Sector PC-153

Table 93: Italian Insurance Market (2003): Number of
Insurance Companies by Nature of Origin and Business Sector
(includes corresponding Graph/Chart) PC-154

Table 94: Italian Non-Life Insurance Market (2003): Total
Premium (in Euro Million) and Market Share (in %) by
Distribution Channels for Agents, Brokers, Direct Sales, Bank
Counters and Financial Advisers (includes corresponding
Graph/Chart) PC-154
Competitive Landscape PC-154
Table 95: Leading Players in Italian Property & Casualty
Insurance Market (2004): Percentage Market Share by Company-
Fondiaria - Sai, Generali, RAS, Reale Mutua, Toro, Unipol,
and Others (includes corresponding Graph/Chart) PC-155

Table 96: Italian Non-Life Insurance Industry (2003): Gross
Written Premium in US$ Billion by Leading Companies for
Fondiaria-SAI, Ras, Generali, Milano, Assitalia, Winterthur,
Unipol, Lloyd Adriatico, Axa, and Reale Mutua (includes
corresponding Graph/Chart) PC-155

5d(iii).Germany PC-156
Grappling with Challenges PC-156
Table 97: German Recent Past, Current & Future Analysis for
Non-Life Insurance Industry with Annual Premium Income in US$
Million for the Years 2006 through 2010 (includes
corresponding Graph/Chart) PC-157

Table 98: German Insurance Industry (2006): Per Capita
Premium in US$, and Penetration of Insurance by Category -
Life and Non-Life PC-157

Table 99: German Non-Life Insurance Industry (2007 & 2008):
Percentage Breakdown of Premium Income by Class - Motor,
Property Insurance, Private Accident, General Liability,
Legal Expenses and Others (includes corresponding
Graph/Chart) PC-158
Motor Insurance PC-158
Table 100: German Motor Insurance Market (2006 & 2007):
Percentage Breakdown of Premiums by Category - Third Party
Liability, Full Comprehensive and Partial Comprehensive
(includes corresponding Graph/Chart) PC-159

Table 101: German Motor Insurance Market (2006 & 2007):
Percentage Breakdown of Claims by Category - Third Party
Liability, Full Comprehensive and Partial Comprehensive
(includes corresponding Graph/Chart) PC-159

Table 102: Leading Players in German Motor Insurance Market
(2006 & 2007): Percentage Market Share by Company - Allianz,
R & V, AMB Generali, Zurich, Axa, LVM, VHV, HDI, DEVK, and
Others (includes corresponding Graph/Chart) PC-160
German Non-Life Insurance Sector - Year 2005 Market Perspective PC-160
Market Players PC-160
Table 103: German Non-Life Insurance Industry (2003): Gross
Written Premium in US$ Billion by Leading Companies for
Allianz Vers., Axa Vers., Gerling-K. Allgemeine, R+V
Allgemeine Vers., Zurich Vers. AG, HUK-Coburg, Victoria
Vers., Wurtt. Vers., Gothaer Allg. Vers. AG, and LVM Sach
(includes corresponding Graph/Chart) PC-161

Table 104: Leading Players in the German Non-Life Insurance
Market (2002) - Gross Written Premiums in US$ Million for
Allianz Vers., AXA Vers., Gerling- K. Allgemeine, R+V
Allgemeine Vers., and Zurich Vers. AG (includes corresponding
Graph/Chart) PC-161
Property Insurance PC-161
Highlights PC-161
Table 105: German Non-Life Property Insurance Market (2005 &
2006): Percentage Breakdown of Gross Written Premiums in
Private Insurance (Direct Business) by Segment -
Agricultural Property Insurance, Commercial Property
Insurance, Industrial Property Insurance, and Private
Property Insurance (includes corresponding Graph/Chart) PC-162

Table 106: German Non-Life Property Insurance Market (2005 &
2006): Percentage Breakdown of Claims Paid by Direct
Insurers (Within GDV) by Segment - Agricultural Property
Insurance, Commercial Property Insurance, Industrial
Property Insurance, and Private Property Insurance (includes
corresponding Graph/Chart) PC-162
Personal Lines Remain A Terrain for Few PC-163
P & C Retains Vitality with Steadier Pricing in Commercial Lines PC-163
Table 107: Number of Insurers Operating in the German
Non-Life Insurance Industry (1990-2003 (includes
corresponding Graph/Chart)) PC-163
Outlook PC-163

5d(iv).United Kingdom PC-164
World’s #4 General Insurance Market PC-164
Table 108: UK Recent Past, Current & Future Analysis for
Non-Life Insurance Industry with Annual Premium Income in GBP
Billion for the Years 2006 through 2010 (includes
corresponding Graph/Chart) PC-164

Table 109: UK Insurance Industry (2006): Per Capita Premium
in US$, and Penetration of Insurance by Category - Life &
Non-Life PC-164

Table 110: UK Non-Life Insurance Market (2006 & 2007):
Percentage Breakdown of Net Written Premiums by Category -
Motor, Property, Accident & Health, Pecuniary Loss, Liability
and Others (includes corresponding Graph/Chart) PC-165
The UK Insurance Industry - A Market Summary PC-165
Market Snippets PC-165
Impact of Climatic Transitions on Insurance Industry PC-166
London Insurance Market in 2006- An Overview PC-166
The UK Insurance Industry - An Overall Market Scenario PC-166
General & Long Term Insurance - A Unique Market Split PC-167
Trends in Non-Life Insurance PC-167
Structural Insurance on Decline PC-167
Table 111: UK Personal General Insurance Market (2006):
Premium in Pound Million and Percentage Breakdown by
Category - Household, Individual Accident & Health, Personal
Pecuniary Loss, and Private Motor (includes corresponding
Graph/Chart) PC-168

Table 112: UK General Insurance Market (2005): Percentage
Breakdown of Sales by Channel - Banks/Building Societies,
Company Agents, Direct, Independent Intermediaries,
Retailers/ Affinity Groups/ Utility Groups, and Others
(includes corresponding Graph/Chart) PC-168

Table 113: UK General Business Insurance Industry (2005):
Domestic Risk Net Written Premium (NWP) in Pound Billion and
Percentage Breakdown of NWP by Sectors for Motor, Accident &
Health, Property, Pecuniary Loss and General Liability
(includes corresponding Graph/Chart) PC-169

Table 114: UK General Business Insurance (Excluding UK
Risks) Industry (2005): Net Written Premium (NWP) in Pound
Billion and Percentage Breakdown of NWP by Home Foreign,
Marine Aviation & Transport, and Non-MAT Reinsurance
(includes corresponding Graph/Chart) PC-169

Table 115: UK Commercial Insurance Market (2005): Percentage
Breakdown of Claims by Business Sectors - Employers
Liability, Motor/Fleet Vehicle, Professional Indemnity,
Property, and All Risks Packaged Policy (includes
corresponding Graph/Chart) PC-170

Table 116: UK General Business Insurance Industry
(2000-2004): Domestic Risk Net Written Premium (NWP) in US$
Billion and Percentage Breakdown of NWP by Sectors for
Motor, Accident & Health, Property, Pecuniary Loss and
General Liability (includes corresponding Graph/Chart) PC-170

Table 117: UK General Business Insurance (Excluding UK
Risks) Industry (2000-2004): Net Written Premium (NWP) in
US$ Billion and Percentage Breakdown of NWP by Home Foreign,
Non-Mat Reinsurance and Marine Aviation & Transport
(includes corresponding Graph/Chart) PC-171
SMEs Becoming Key Customers for Property & Liability Insurers PC-171
Underwriting Profits PC-171
Property Insurance PC-171
Table 118: UK Property Damage Revenue Account (2005): Net
Written Premium (NWP) in Pound Million by Domestic and
Commercial Segments by Category - Claims Incurred, Change in
Provisions, Commission & Expenses, and Equalization Reserves
(includes corresponding Graph/Chart) PC-172

Table 119: UK Property Damage Revenue Account (2000-2004):
Net Written Premium (NWP) in US$ Billion and Percentage
Breakdown of NWP by Domestic and Commercial Segments
(includes corresponding Graph/Chart) PC-172

Table 120: UK Property Damage Revenue Account (2000-2004):
Claims Incurred (CI) in US$ Billion and Percentage Breakdown
of CI by Domestic and Commercial Segments (includes
corresponding Graph/Chart) PC-173
Equalization Reserves PC-173
A Review of Past Performance PC-173
Property Insurance Loses Ground PC-173
Pecuniary Loss Insurance PC-174
Key Types PC-174
Commercial Insurance For Small Business PC-174
Direct Writers Find Favor PC-175
Searching for More Niches PC-175
Brokers Calling the Shots PC-175
Soft Market Leads to Policy Changes PC-176
Concentration in the Non-Life Insurance Market PC-176
A Peek into Past Trends and Facts PC-176
Table 121: UK Private & Commercial Motor Insurance Market
(2002) PC-176

Table 122: Gross Premiums Written for UK Property/ Casualty
Insurers: 2000 & 1999 (In £ Million) (includes corresponding
Graph/Chart) PC-177
Market Leaders PC-177
Table 123: Top-Five Players in the UK Non-Life Insurance
Market (2002) - Gross Written Premium in US$ Million for
Norwich Union, Royal & Sun Alliance, Zurich, AXA, and
Churchill (includes corresponding Graph/Chart) PC-177
Review of the Sectors: Mid-90s PC-178
Table 124: Non-Life Investments Distribution in the UK
Composites Market: 1994 (includes corresponding Graph/Chart) PC-178
Property PC-178
Table 125: UK Commercial Property (Including Other)
Underwriting Ratio (%)(includes corresponding Graph/Chart) PC-179
Table 126: Net Written Property/Casualty Premium
Distribution By Line: 1994 ($ Million) (includes
corresponding Graph/Chart) PC-179

5d(v).Spain PC-180
Spanish Insurance Industry: An Overview PC-180
Table 127: Spanish Insurance Industry (2005): Per Capita
Premium in US$ by Category - Life and Non-Life PC-180
Market Offers Niche Opportunities PC-180
Liability PC-180
Leisure Industry PC-180
Environment Liability PC-181
Professional Indemnity Market PC-181
Property PC-181
Marine PC-181
Leading Non-Life Insurers PC-182
Table 128: Leading Players in Spanish Non-Life Insurance
Market (2004): Premium in € Million by Company -Adeslas,
Allianz, Axa, Caser, Catalana Occidente, Generali, Mapfre,
Mutua Madrileña, Winterthur, and Zurich (includes
corresponding Graph/Chart) PC-182

Table 129: Spanish Non-Life Insurance Industry (2003): Gross
Written Premium in US$ Billion by Leading Companies for
MAPFRE Mutualidad, Allianz, AXA Aurora Iberica, Zurich
Espana, Winterthur, Mutua Madrilena Automovilista, Adeslas,
Santa Lucia, Vitalicio, and Groupama Plus Ultra (includes
corresponding Graph/Chart) PC-182
Property Insurance On an Upward Note PC-183
Mid 90’s: A Perspective PC-183

5d(vi).Russia PC-184
Industry at a Glance PC-184
Insurance Sector Representation PC-184
Table 130: Russian Recent Past, Current & Future Analysis
for Non-Life Insurance Industry with Annual Premium Income
in US$ Billion for the Years 2006 through 2010 (includes
corresponding Graph/Chart) PC-185

Table 131: Russian Insurance Industry (2007 & 2008):
Percentage Breakdown of Premium Income by Category -
Property, Medical, Personal, Motor, Liability, Life and
Others (includes corresponding Graph/Chart) PC-185

Table 132: Russian Insurance Industry (2006 & 2007): Premium
Income in US$ Million by Leading Companies for Rosgosstrakh,
Ingosstrakh, Sogaz, Reso, Rosno, VSK, Kapital IG, Soglasie,
Uralsib IG, and Alfa (includes corresponding Graph/Chart) PC-186
Voluntary Vs. Compulsory Insurance PC-186
Table 133: Russian Insurance Market (2007 & 2008): Premium
Income in US$ Billion for Voluntary and Compulsory Insurance PC-187

Table 134: Russian Voluntary Insurance Market (2007 & 2008):
Percentage Breakdown of Market Share by Premium Income by
Category - Property Insurance, Personal Insurance, Liability
Insurance, Life Insurance and Others (includes corresponding
Graph/Chart) PC-187

Table 135: Russian Compulsory Insurance Market (2007 &
2008): Percentage Breakdown of Market Share by Premium
Income by Category - Medical, Motor and Others (includes
corresponding Graph/Chart) PC-188

Table 136: Insurance Industry in Russia (2006): Per Capita
Premium in US$ and Premium as % of GDP by Category - Life
and Non-Life PC-188
Insurance Market Snapshots PC-188
Non-life Segment to Drive Insurance Market in Russia PC-189
Profitable Sectors PC-189
Regional Insurers Have a Major Say PC-189
Limitations of Russian Insurance Market PC-190
Small Business Insurance - The Next Big Thing PC-190
Role of Foreign Insurers in Russia PC-190
Non-Life Insurance - A Concentrated Sector PC-190
Table 137: Russian Non-Life Insurance Industry (2005):
Percentage Breakdown of Gross Premiums by Category -
Accident & Illness, Legal Entity Cargo, Legal Entity MOD,
OMTPL, Private Cargo, Private MOD, Private Property, Legal
Entity Property, Voluntary Medical, and Others (includes
corresponding Graph/Chart) PC-191

Table 138: Leading Players in Russian Non-Life Insurance
Industry (2005): Gross Premiums in US$ Million and Number of
Agents for Select Companies - Alfa Insurance, Ingosstrakh,
Lider, MAKS, RESO, Rosgosstrakh, ROSNO, SOGAZ, UralSib, and
VSK (includes corresponding Graph/Chart) PC-192

Table 139: Russian Non-Life Insurance Industry (2003): Gross
Written Premium in US$ Million by Leading Companies for
Ingosstrakh, Reso Garantiya, Rosgosstrakh, Sogaz, Rosno,
Soglasiye, Natsionalnaya, MAKS, UralSib, and Alfa (includes
corresponding Graph/Chart) PC-192

Table 140: Top-Five Players in the Russian Non-Life
Insurance Industry (2002) - Gross Written Premium in US$
Million for Ingosstrakh, Reso-Garantia, Soglasie, ROSNO, and
Lukoil (includes corresponding Graph/Chart) PC-193
Outlook PC-193
Focus on Reserve Practices PC-193
Reforms - Key for Development PC-193

5d(vii).Rest of Europe PC-194
Central and Eastern Europe PC-194
Market Overview PC-194
Table 141: Non-Life Insurance Industry in Eastern Europe
(2005): Penetration of Insurance for Select Regions -
Russia, Czech Republic, Poland, Hungary, and Ukraine
(includes corresponding Graph/Chart) PC-194
A Peek into Recent Past Market Scenario PC-194
Market Numbers PC-195
Table 142: Insurance Penetration Rate (In %) by Type for
2001: Central/East European Nations Vs EU-15 (includes
corresponding Graph/Chart) PC-195

Table 143: Insurance Premium as % of GDP for 1999-2001:
Central/East European Nations Vs EU-15 (includes
corresponding Graph/Chart) PC-195

Table 144: Per Capita Premium in US$ for 2000 & 2001:
Central/East European Nations Vs EU-15 (includes
corresponding Graph/Chart) PC-196
Austria PC-196
Market Overview PC-196
Market Leaders PC-196
Table 145: 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) PC-197

Table 146: 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) PC-197
Belgium PC-197
Market Overview PC-197
Market Leaders PC-197
Table 147: 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) PC-198

Table 148: 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) PC-198
Bulgaria PC-198
Market Overview PC-198
Market Leaders PC-199
Table 149: 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) PC-199
Croatia PC-199
Market Overview PC-199
Market Leaders PC-199
Table 150: 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) PC-200
Cyprus PC-200
Market Overview PC-200
Market Leaders PC-200
Table 151: 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) PC-200

Table 152: 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) PC-201
Finland PC-201
Market Overview PC-201
Table 153: Finnish Insurance Industry (2005): Per Capita
Premium in US$ by Category - Life and Non-Life PC-201
Forming Alliances: Order of the Day PC-201
Non-Life Insurance Sector PC-202
Table 154: 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) PC-202

Table 155: 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) PC-203

Table 156: 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) PC-203
Georgia PC-204
A Historical Perspective PC-204
Year 2000 - Signs of Resurgence PC-204
Participation of Foreign Companies in Georgian Insurance
Market during 2000 PC-204
Greece PC-205
Market Overview PC-205
Competitive Scenario PC-205
Leading Non-Life Insurers PC-205
Table 157: Greek Non-Life Insurance Industry (2003): Gross
Written Premium in US$ Million by Leading Companies for
Ethniki, Phoenix Metrolife Emporiki, Agrotiki nteramerican,
Property, Alpha, Allianz, Commercial Value, Intersalonika,
International Union, and Egnatia (includes corresponding
Graph/Chart) PC-206
Leading Insurers - A Review of Past PC-206
Insurance Industry Majors - An Insight PC-206
Table 158: Insurance Industry in Greece (1993-2002): Number
of Insurance Companies by Insurance Class for General
Insurance, Life Insurance, and Composite (includes
corresponding Graph/Chart) PC-207
Market Share of Top Companies in Life & Non-Life PC-207
Table 159: 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) PC-207

Table 160: 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) PC-208
A Peek into Recent Past Market Numbers PC-208
Table 161: Greek Insurance Industry (1993-2002): Direct
Premium In Million Euro by Insurance Class for Life and
Non-Life (includes corresponding Graph/Chart) PC-208

Table 162: Greek Insurance Industry (2001): Direct Premium
of Non-Life Insurance by Line in Greek Drachmas Million
(includes corresponding Graph/Chart) PC-209
Hungary PC-209
Market Overview PC-209
Table 163: 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) PC-210
Market Leaders PC-210
Table 164: 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) PC-210
Iceland PC-211
Market Overview PC-211
Leading Players PC-211
Table 165: 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) PC-211
Ireland PC-212
Market Overview PC-212
Table 166: Irish Recent Past, Current & Future Analysis for
Non-Life Insurance Industry with Annual Premium Income in
Euro Billion for the Years 2005 through 2010 (includes
corresponding Graph/Chart) PC-212

Table 167: Insurance Industry in Ireland (2006): Per Capita
Premium in US$ by Category - Life and Non-Life PC-213

Table 168: 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) PC-213
Market Leaders PC-214
Table 169: 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) PC-214

Table 170: 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) PC-215

Table 171: 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) PC-216

Table 172: 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) PC-216
Latvia PC-217
Market Overview PC-217
Market Leaders PC-217
Table 173: 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) PC-217
Lithuania PC-218
Market Overview PC-218
Table 174: Lithuanian Recent Past, Current & Future Analysis
for Non-Life Insurance Industry with Annual Premium Income
in US$ Million for the Years 2006 through 2010 (includes
corresponding Graph/Chart) PC-218
Market Leaders PC-219
Table 175: 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) PC-219

Table 176: 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) PC-220
Luxembourg PC-220
Market Overview PC-220
Market Leaders PC-220
Table 177: 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) PC-221
Malta PC-221
Market Overview PC-221
Norway PC-221
Market Overview PC-221
Environmental Responsibilities of Insurance Firms PC-221
Market Leaders PC-221
Table 178: 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) PC-222

Table 179: 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) PC-222
Poland PC-223
Market Overview PC-223
Market Leaders PC-223
Table 180: 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) PC-223

Table 181: 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) PC-224
Portugal PC-224
Market Overview PC-224
Portuguese Insurance Industry - Current Market Trends PC-224
Market Leaders PC-225
Table 182: 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) PC-225

Table 183: 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) PC-225
Romania PC-225
Market Overview PC-225
Awareness Among Public Revitalizes the Market PC-226
Foreign Banks Queuing Up PC-226
Domenia Credit PC-226
Key Players PC-226
Non-Life Insurance Industry PC-227
Table 184: 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) PC-227

Table 185: 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) PC-227
Serbia and Montenegro PC-227
Market Overview PC-227
Market Leaders PC-228
Table 186: 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) PC-228
Slovakia PC-228
Market Overview PC-228
Leading Players PC-229
Table 187: 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) PC-229
Key Trends and Issues PC-229
Consolidation and Liberalization Mark the Market PC-229
Low Level of Insurance Penetration PC-229
A Historic Review PC-230
Brimming with Insurance Companies PC-230
Table 188: Insurance Industry in Slovakia (1999 & 2000):
Premiums Written by Type of Insurance (In %) (includes
corresponding Graph/Chart) PC-230
Table 189: Insurance Industry in Slovakia (1999-2001):
Growth in Insurance Market (In %) (includes corresponding
Graph/Chart) PC-231
Foreign Companies - Highly Active PC-231
Non-Life Insurance - A Peek into the Recent Past PC-231
Table 190: Insurance Industry in Slovakia (1999-2001):
Non-Life Premiums in SKK Billion and % Share (includes
corresponding Graph/Chart) PC-231

Table 191: Insurance Industry in Slovakia (1999 & 2000):
Non-Life Premium in US$ Million by Type of Insurance
(includes corresponding Graph/Chart) PC-232

Table 192: Insurance Industry in Slovakia (2001): Leading
Non-Life Insurers by Premium Written in US$ Million
(includes corresponding Graph/Chart) PC-232
Personal Accident Insurance PC-232
Social Insurance PC-233
Slovenia PC-233
Market Overview PC-233
Table 193: 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) PC-233
Casco Insurance PC-233
Table 194: 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) PC-234
Accident Insurance PC-234
Table 195: 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
Insurance and Others (includes corresponding Graph/Chart) PC-234
Liability Insurance PC-234
Table 196: 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) PC-235
Property Insurance PC-235
Table 197: 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) PC-235
Surety Insurance and Miscellaneous Financial Loss Insurance PC-235
Table 198: 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) PC-236
Legal Expenses and Tourist Assistance Insurance PC-236
Table 199: 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) PC-236
Leaders in the Non-Life Segment- A 2002 Perspective PC-237
Table 200: 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) PC-237
Sweden PC-237
Market Overview PC-237
Table 201: Swedish Recent Past, Current & Future Analysis
for Non-Life Insurance Industry with Annual Premium Income
in SEK Billion for the Years 2006 through 2010 (includes
corresponding Graph/Chart) PC-238
Major Players in the Non-Life Sector PC-238
Table 202: 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) PC-238

Table 203: 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) PC-239

Table 204: 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) PC-240
Non-Life Insurance - A Past Perspective PC-240
Table 205: 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) PC-240

Table 206: 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) PC-241
Switzerland PC-241
Market Overview PC-241
Table 207: Swiss Recent Past, Current & Future Analysis for
Non-Life Insurance Industry with Annual Premium Income in
CHF Billion for the Years 2006 through 2010 (includes
corresponding Graph/Chart) PC-241

Table 208: Insurance Industry in Switzerland (2006): Per
Capita Premium in US$, and Penetration of Insurance by
Category - Life and Non-Life PC-241
Market Highlights PC-242
Industry Overview PC-242
Outlook PC-242
Review of Sectors PC-242
Table 209: 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) PC-243

Table 210: 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) PC-243

Table 211: 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) PC-244

Table 212: Swiss Non-Life Insurance Market (2005):
Percentage Breakdown by Segment - Health, Automobile, Fire
and Natural Catastrophes, Accident, General Liability,
Credit & Surety, Marine, Aviation and Transport, and Others
(includes corresponding Graph/Chart) PC-244
Leading Non-Life Insurers PC-244
Table 213: 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) PC-245
Ukraine PC-245
Market Overview PC-245
Market Leaders PC-245
Table 214: 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) PC-246

Table 215: 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) PC-246
Yugoslavia PC-246
Market Overview PC-246
Czech Republic PC-246
Market Overview PC-246
Table 216: Czech Non-Life Insurance Market (2005):
Percentage Breakdown by Segment - MOD, MTPL, Property
Ex-motor, Workmens Compensation, Other Liability, and
Others (includes corresponding Graph/Chart) PC-247
Major Players PC-247
Table 217: Czech Republic Insurance Industry (2004): Gross
Written Premium in US$ Million by Leading Players for Ceska
Pojistovna, Kooperativa, Allianz, CSOB pojicoeovna,
Nationale-Nederlanden, Generali, Pojistovna Ceske
Sporitelny, CPP, Komercni Pojistovna, UNI A, and Others
(includes corresponding Graph/Chart) PC-247

Table 218: Czech Republic Non-Life Insurance Industry
(2003): Gross Written Premium in US$ Million by Leading
Companies for Kooperativa, Allianz, Generali, Pojstovna CS,
CSOB Pojistovna, CPP, UNIQA, AIG Czech Republic, and EGAP
(includes corresponding Graph/Chart) PC-248

Table 219: Top-Five Players in the Non-Life Insurance
Industry of Czech Republic (2002) - Gross Written Premium in
US$ Million for Ceska Pojistovna, Kooperativa Pojistovna,
Allianz Pojistovna, Pojistovna CS, and IPB Pojistovna
(includes corresponding Graph/Chart) PC-248
Industry Structure PC-249
Insurance Groups PC-249
Associations PC-249
A Historical Perspective of the Market PC-249
Table 220: Czech Republic Life and Non-Life Insurance
Penetration (as % of GDP): 2001 PC-249

Table 221: Czech Republic Insurance Industry (2001): Premium
Written in US$ Million by Sector (includes corresponding
Graph/Chart) PC-250

Table 222: Czech Republic Insurance Industry (2001): Per
Capita Premium in US$ for Life and Non-Life Sectors PC-250

Table 223: Czech Republic Per Capita Life and Non-Life
Premium in Comparison with Neighboring Countries for 2001
(Premium per Capita in US$) (includes corresponding
Graph/Chart) PC-250

Table 224: Czech Republic Insurance Industry (2001): Leading
Companies by Premium Income in US$ Million (includes
corresponding Graph/Chart) PC-251
Foreign-Owned Companies in the Czech Republic: 2001 PC-251
Table 225: Break-up of Market Share Between Local and
Overseas Players for 2001 (includes corresponding
Graph/Chart) PC-251
Czech Insurance Sector Features Among Top 50 Markets for
Insurance Worldwide PC-252
Table 226: Czech Republic Insurance Industry (2000):
Leading Insurance Companies by Prescribed Premiums in
Million Korunas (includes corresponding Graph/Chart) PC-252
Denmark PC-252
Danish Insurance - A Mature Industry PC-252
Table 227: Danish Recent Past, Current & Future Analysis for
Non-Life Insurance Industry with Gross Premium Income in DKK
Million for the Years 2005 through 2009 (includes
corresponding Graph/Chart) PC-253

Table 228: Danish Non-Life Insurance Market (2007 & 2008):
Percentage Breakdown of Gross Premiums by Category -
Commercial, Motor, Personal, Accident and Others (includes
corresponding Graph/Chart) PC-254

Table 229: Danish Commercial Insurance Market (2007 & 2008):
Percentage Breakdown of Gross Premiums by Category -
Buildings, Industrial Injuries, Movable Property, Commercial
Liability, Marine and Transport, Aviation and Others
(includes corresponding Graph/Chart) PC-254

Table 230: Danish Motor Insurance Market (2007 & 2008):
Percentage Breakdown of Gross Premiums by Category -
Comprehensive and Third-Party Liability PC-255

Table 231: Danish Personal Insurance Market (2007 & 2008):
Percentage Breakdown of Gross Premiums by Category -
Homeowners, Household, Vacation Home, Hidden-Defects and
Others (includes corresponding Graph/Chart) PC-255

Table 232: Danish Non-Life Insurance Market (2006 & 2007):
Percentage Breakdown of Gross Claims by Category -
Commercial, Motor, Personal, Accident and Others (includes
corresponding Graph/Chart) PC-256

Table 233: Danish Commercial Insurance Market (2006 & 2007):
Percentage Breakdown of Gross Claims by Category -
Buildings, Industrial Injuries, Movable Property, Commercial
Liability, Marine and Transport, Aviation and Others
(includes corresponding Graph/Chart) PC-256

Table 234: Danish Motor Insurance Market (2006 & 2007):
Percentage Breakdown of Gross Claims by Category -
Third-Party Liability and Comprehensive PC-257

Table 235: Danish Personal Insurance Market (2006 & 2007):
Percentage Breakdown of Gross Claims by Category -
Household, Homeowners, Vacation Home, Hidden-Defects and
Others (includes corresponding Graph/Chart) PC-257
Competitive Landscape PC-257
Mandatory Insurance PC-257
Leading Players PC-258
Table 236: Danish Non-Life Insurance Industry (2003): Gross
Written Premium in US$ Million by Leading Companies for Tryg
Skade, Topdanmark, Codan, Alm. Brandfors, Danmark
Sygeforsikring, ALKA, GE Frankona, International Health,
Nykredit, and Danske Fors. Skade I (includes corresponding
Graph/Chart) PC-258

Table 237: Top-Five Players in the Non-Life Insurance
Industry of Denmark (2002) - Gross Written Premiums in US$
Million for Tryg Skade, Topdanmark, Codan, Alm. Brand, and
GE Frankona (includes corresponding Graph/Chart) PC-259

Table 238: Non-Life Insurance Industry in Denmark (2002):
Gross Premium in DKK Million for Limited and Mutual
Companies by Category - Commercial Insurance, Personal
Insurance, Personal Accident Insurance, Motor Insurance, and
Others PC-259

Table 239: Non-Life Insurance Industry in Denmark (2002):
Gross Claims in DKK Million for Limited and Mutual Companies
by Category - Commercial Insurance, Personal Insurance,
Personal Accident Insurance, Motor Insurance, and Others PC-260

Table 240: Non-Life Insurance Industry in Denmark (2002):
Percentage Breakdown of Insurance Firms’ Investment by
Category for Bonds, Subsidiaries, Shares, and Other Assets
(includes corresponding Graph/Chart) PC-260

Table 241: Building Insurance Industry in Denmark (2002):
Gross Premium and Gross Claims in DKK Million by Companies
(includes corresponding Graph/Chart) PC-261
Danish Insurance Industry: A Mid 90’s Review PC-261
Deregulation of the Financial Services Market PC-262
The Netherlands PC-262
Market Overview PC-262
Table 242: Non-Life Insurance Industry in The Netherlands
(2005): Penetration of Insurance, and Per Capita Premium in
US$ PC-262

Table 243: Dutch Non-Life Insurance Market (2005):
Percentage Breakdown by Category - Accident & Health, Fire &
Property, Motor Vehicle, Transport, and Others (includes
corresponding Graph/Chart) PC-262
Leading Non-Life Insurers PC-263
Table 244: Non-Life Insurance Industry in The Netherlands
(2002): Gross Written Premium in US$ Billion by Leading
Companies for Achmea Zorg, Achmea, Nationale-Nederlanden,
Interpolis, and VGZ Zorgverzekeraar (includes corresponding
Graph/Chart) PC-263

Table 245: Top-Five Players in the Dutch Non-Life Insurance
Market (2001) - Gross Written Premium in US$ Million for
Nationale-Nederlanden, Achmea, Achmea Zorg, Interpolis, and
Delta Lloyd (includes corresponding Graph/Chart) PC-263

5e. Asia-Pacific PC-264
Market Overview PC-264
Table 246: Asia-Pacific Recent Past, Current & Future
Analysis for Non-Life Insurance Industry with Annual Premium
Income in US$ Billion for the Years 2006 through 2010
(includes corresponding Graph/Chart) PC-264

Table 247: Asia-Pacific Recent Past, Current & Future
Analysis for Non-Life Insurance Industry by Leading
Country/Region - South Korea, China, Taiwan, India, and Hong
Kong Markets Independently Analyzed with Annual Premium
Income in US$ Million for the Years 2006 through 2010
(includes corresponding Graph/Chart) PC-265
Strong Economy Peps Up the Market PC-265
P&C Insurance Market PC-265
Table 248: Non-Life Insurance Industry in Asia-Pacific
(2005): Premium Income in US$ Million, Population in
Millions, GDP in US$ Million, Per Capita Premium in US$, and
Penetration of Insurance for Hong Kong, Indonesia, Malaysia,
Philippines, Thailand, and Vietnam PC-266

Table 249: Insurance Industry in Asia-Pacific (2003): Leading
Countries by P&C Insurance Business (Direct Premium and
Premium Per Capita in US$ Million and Premium as % of GDP)
(includes corresponding Graph/Chart) PC-266
Changing Marketplace PC-267
Shift Towards Risk-Oriented Products PC-267
Undeterred Players PC-267
Bancassurance - A perfect Channel in Asian Markets PC-267
War Risk Cover PC-267
War Risk Coverage Elusive for Some Asian Airlines PC-267
Outlook PC-268
Changing Environment Adds to Appeal PC-268
Rationale for High Growth Prospects in Asia PC-268
India and China Bring Immense Potential PC-269
Insurance Spend from Per Capita Income Far Below US-the Leader PC-269
The Tsunami Disaster - Underscoring the Importance of Cat
Insurance PC-270
Insurance Protection in Tsunami Affected Areas PC-270
Property Insurance Coverage PC-270
Estimates of Insured Losses Due to the Tsunami PC-271
A Peek into the Recent Past Market Numbers PC-271
Table 250: Insurance Industry in Asia-Pacific (2000): Major
Insuring Nations by Written Premium in US$ Billion (includes
corresponding Graph/Chart) PC-271

Table 251: Insurance Industry in Asia-Pacific (2000): Key
Nations for Non-Life Insurance by Written Premium in US$
Billion (includes corresponding Graph/Chart) PC-272

Table 252: Asian Non-Life Insurance Industry by Country and
Comparison with Japan and the US: 2001 (includes
corresponding Graph/Chart) PC-272

5e(i).Focus on Select Asian Markets PC-273
Australia PC-273
Industry Overview PC-273
Table 253: Australian Recent Past, Current & Future Analysis
for Non-Life Insurance Industry with Annual Premium Income
in US$ Million for the Years 2005 through 2010 (includes
corresponding Graph/Chart) PC-273

Table 254: Australian Non-Life Insurance Industry: Premium
Income in US$ Billion and Per Capita Premium in US$ for 2005 PC-274
Australian General Insurance Sector - A Market Perspective PC-274
ICA Introduces New Code for Policy Holders PC-274
APRA Introduces New Standards for General Insurance Sector PC-274
Review of the Sectors PC-275
General/Non-Life Insurance PC-275
General Insurance Industry Witnesses Stability PC-275
Insurance Broking Business to Slow Down PC-275
Commercial General Insurance Market Segmentation PC-275
Property Insurance PC-276
Table 255: Australian General Insurance Market (2006 &
2007): Percentage Breakdown of Premiums by Sector -
Domestic Motor Vehicle, Houseowners Insurance, CTP Motor
Vehicle Insurance, Public and Product Liability Insurance,
Fire and ISR Insurance, Commercial Motor Vehicle
Insurance, Employers Liability Insurance, Professional
Indemnity Insurance, and Other Insurance (includes
corresponding Graph/Chart) PC-277

Table 256: Australian General/Non-Life Insurance Market
(2004): Premiums Received, and Brokerage Income in A$
Million for Select Brokers - Aon Risk Services Australia
Ltd, Freeman McMurrick Pty Ltd, Heath Lambert Australia
Pty Ltd, Insurance Advisernet Australia Pty Ltd, Jardine
Lloyd Thompson Pty Ltd, and Others (includes corresponding
Graph/Chart) PC-278
Competitive Landscape PC-278
Table 257: Leading Players in Australian Non-Life
Insurance Industry (2004): Percentage Market Share by
Company - Allianz, IAG, PMN, QBE, SUN, and Others
(includes corresponding Graph/Chart) PC-278

Table 258: Australian Non-Life Insurance Industry (2003):
Gross Written Premium in US$ Billion by Leading Companies
for QBE Group, Insurance Australia Group, Promina Group,
Suncorp, and Allianz Australia (includes corresponding
Graph/Chart) PC-279

Table 259: Australian General/Non-Life Insurance Industry
(2002): Percentage Share of Premium Received (In A$
Million) by Leading Private Sector Conglomerates (includes
corresponding Graph/Chart) PC-279
Public Insurance Companies of General Insurance PC-280
Presence of Insurance Brokers in Australian Insurance Industry PC-280
Presence of Foreign Insurance Companies in Australian
Insurance Industry PC-280
A Recent Past Perspective PC-280
Recession Gives Way to Recovery PC-281
Table 260: Insurance Industry in Australia (2000 & 2001):
Number of Insurers by Type for Private Sector, and Public
Sector (includes corresponding Graph/Chart) PC-281
Performance of Major Business Classes in Australia: 2001 PC-282
Table 261: Insurance Industry in Australia (2000):
Percentage Share of Total Premium Revenue by Major Business
Classes (includes corresponding Graph/Chart) PC-282

Table 262: Insurance Industry in Australia (2000): Premium
Revenue (In A$ Million) and Percentage Breakdown of Leading
Private Sector Insurance Conglomerates (includes
corresponding Graph/Chart) PC-283

Table 263: Insurance Industry in Australia (2000): Premium
Revenues in A$ Million by State/ Territory and Insurance
Category PC-284
Corporate Restructuring PC-284
Major Corporate Restructures in Australian Private Sector PC-285
China PC-285
Industry Overview PC-285
A ‘Giant’ Opportunity PC-285
Insurance Sector Representation PC-285
Table 264: Chinese Recent Past, Current & Future Analysis
for Non-Life Insurance Industry with Premiums in US$
Million for the Years 2006 through 2010 (includes
corresponding Graph/Chart) PC-286

Table 265: Chinese Non-Life Insurance Industry: Premium
Income in US$ Billion, Per Capita Premium in US$, and
Penetration of Insurance for 2005 (includes corresponding
Graph/Chart) PC-286
Big Potential for Global Insurance Industry in China PC-287
China - Asia’s Leading Insurance Market PC-287
Outlook PC-287
A Historic Perspective PC-287
Market Trends and Issues PC-288
A Promising Market PC-288
China-Funded Companies Dominate the Market PC-288
Rise in Foreign Insurers Energizes the Insurance Market PC-288
Hiked Competition Forces Premiums Down PC-288
The Wave of Reforms PC-289
Foreign Owned Insurers: Screening Out the Ceiling Effect PC-289
Deregulation of Insurance Industry Boosts Growth of P&C
Insurance Sector PC-289
Segment Overview PC-289
Table 266: Chinese Recent Past, Current & Future Analysis
for Property & Casualty (P&C) Insurance Market with Premiums
in RMB Billion for the Years 2006 through 2010 (includes
corresponding Graph/Chart) PC-290

Table 267: Chinese Property & Casualty (P&C) Insurance
Market (2007 & 2008): Percentage Breakdown of Premiums by
Product Category - Motor Vehicle, Commercial Property,
Liability, Cargo, Agriculture, and Others (includes
corresponding Graph/Chart) PC-290

Table 268: Chinese Non-life Insurance Industry (2006 &
2007): Percentage Breakdown Distribution Channels for
Intermediaries (Individual Agents, Insurance Agencies,
Professional Agencies, Insurance Brokers), and Direct
Distribution (includes corresponding Graph/Chart) PC-291

Table 269: Leading Players in Chinese Property & Casualty
(P&C) Insurance Market (2006 & 2007): Percentage Market
Share of Premiums by Company - PICC, China Pacific, Ping An
P&C, China United Property, Dadi P&C, Tianan, Other Chinese
Life Insurers, and Foreign Life Insurers (includes
corresponding Graph/Chart) PC-292
Major Non-Life Insurance Companies Operating in China (As of
2006) PC-292
Table 270: Chinese Non-Life Insurance Industry (2003): Gross
Written Premium in US$ Million by Leading Companies for
PICC, China Pacific Property, Ping An Property, Tian An,
China United Property, Da Zhong, Hua Tai, Yong An Property,
Sinosafe General, and Taiping Insurance (includes
corresponding Graph/Chart) PC-293

Table 271: Chinese Non-Life Insurance Market (2001): Gross
Written Premiums in US$ Million by Leading Companies for
PICC, China Pacific, Ping An, Huatai, and Dazhong (includes
corresponding Graph/Chart) PC-293
Property Insurance Market PC-293
Table 272: Leading Players in Chinese Property & Casualty
Insurance Market (2006): Percentage Market Share of Premiums
by Company - China Pacific, China United Property, Dadi P&C,
PICC, Ping An P&C, Tianan, Other Chinese Life Insurers, and
Foreign Life Insurers (includes corresponding Graph/Chart) PC-294

Table 273: Top Players in the Chinese P&C Insurance Market
(2003 & 2004): Percentage Value Breakdown of Premiums for
PICC, China Pacific, Ping An and Others (includes
corresponding Graph/Chart) PC-294

Table 274: Leading Players in the Chinese Commercial
Property Insurance Market (2003): Percentage Value Breakdown
of Premium by Company for PICC, China Pacific, Ping An and
Others (includes corresponding Graph/Chart) PC-295
Market Forecast PC-295
Distribution Overview PC-295
A Provincial Perspective PC-295
Table 275: Non-Life Insurance Penetration Percentage for
Select Chinese Cities for 2005 (includes corresponding
Graph/Chart) PC-295

Table 276: Competitive Landscape Across the Top Provinces
in China: 2003 (includes corresponding Graph/Chart) PC-296
Restrictions on Foreign Ownership PC-296
Introduction of Compulsory Third Party Liability PC-296
Opening Up of China PC-296
China’s Admission into WTO Fuels the Growth of Insurance Sector PC-297
The Repercussions PC-297
Hong Kong PC-298
Market Overview PC-298
Table 277: Hong Kong Recent Past, Current & Future Analysis
for Non-Life Insurance Industry with Annual Premium Income
in US$ Million for the Years 2005 through 2009 (includes
corresponding Graph/Chart) PC-298

Table 278: Insurance Industry in Hong Kong (2006): Per
Capita Premium in US$ and Premium as % of GDP by Category -
Life and Non-Life PC-298
Industry Snapshots PC-299
A Leading Insurance Market in Asia-Pacific PC-299
Market Penetration PC-299
Table 279: Hong Kong Insurance Industry (2000-2004):
Percentage Breakdown of Non-Life Insurance Penetration
(Premium/GDP) (includes corresponding Graph/Chart) PC-300

Table 280: Hong Kong Insurance Industry (2000-2004):
Non-Life Insurance Density (Premium/POP) (In ‘000 HK$)
(includes corresponding Graph/Chart) PC-300
Market Segmentation PC-300
Accident and Health PC-301
Employees’ Compensation PC-301
Engineering PC-301
Liability PC-301
Marine PC-301
Property PC-301
Insurance Service Providers PC-302
Table 281: Hong Kong Insurance Industry (2004): Number of
Insurance Service Providers by Type for General Insurance,
Long Term Insurance, and Composite (includes corresponding
Graph/Chart) PC-302
Strong Foothold of Foreign Insurers PC-302
Captive Insurance - Key Market Participant PC-302
General/ Non-Life Insurance PC-303
Market Players: Non-Life PC-303
Table 282: Leading Players in Hong Kong General Insurance
Market (2005): Percentage Breakdown by Company -ACE,
American Home, Asia Insurance, AXA General, BOC Group
Insurance, HSBC Insurance, Ming An, QBE HKSI, Wing Lung,
Zurich Insurance, and Others (includes corresponding
Graph/Chart) PC-303

Table 283: Hong Kong Non-Life Insurance Industry (2003):
Gross Written Premium in US$ Million by Leading Companies
for BOC Group Insurance, American Home, Ming An, HSBC
Insurance, Asia Insurance, QBE HKSI, Wing Lung, AXA General,
Falcon Hong Kong, and CGU (includes corresponding
Graph/Chart) PC-304

Table 284: Top-Five Players in the Non-Life Insurance
Industry of Hong Kong (2002) - Gross Written Premium in US$
Million for Ming An, Bank of China Group, American Home, QBE
HKSI, and HSBC Insurance (includes corresponding
Graph/Chart) PC-304
A Recent Past Perspective PC-304
Recovery Amidst Economic Stagnancy PC-304
General Insurance Industry Stages Revival from Losses PC-305
Table 285: Life and Non-Life Insurance as a Percentage of
GDP in Hong Kong: 1994-2003 (includes corresponding
Graph/Chart) PC-305
India PC-306
Market Overview PC-306
Table 286: Indian Recent Past, Current & Future Analysis for
Non-Life Insurance Industry with Premiums in US$ Million for
the Years 2005 through 2012 (includes corresponding
Graph/Chart) PC-306

Table 287: Insurance Industry in India (2006): Per Capita
Premium in US$, and Penetration of Insurance by Category -
Life and Non-Life PC-306
Indian Economy - A Goldmine For Foreign Insurance Companies PC-306
IRDA Act Shapes Up the Industry for Future PC-307
IRDA Plans Free Price Regime for Non-Life Insurance Sector PC-307
Table 288: Indian General Insurance Market (2006 & 2007):
Percentage Breakdown of Premiums by Product Category for
Motor OD, Fire, PA & Health, Motor TP, Engineering, and
Others (includes corresponding Graph/Chart) PC-308
Public Insurers Still Going Strong PC-308
Emergence of New Distribution Channels PC-308
Internet - A Potential Distribution Channel PC-309
Mid 90’s Perspective PC-309
Non-Life Insurance Market - The GIC Fort PC-309
Non-Life Insurance Segment PC-309
Table 289: Indian Non-Life Insurance Industry (2006): Gross
Direct Premium Income Underwritten in INR Billion by
Non-Life Insurers - New India, Oriental, National, United,
ICICI Lombard, Bajaj Allianz, IFFCO-TOKIO, Tata AIG, Royal
Sundaram, Cholamandalam, HDFC Chubb, and Reliance (includes
corresponding Graph/Chart) PC-310

Table 290: Indian Non-Life Insurance Industry (2006):
Percentage Breakdown of Premium by Category - Fire, Marine,
and Miscellaneous (includes corresponding Graph/Chart) PC-310

Table 291: Indian P&C Market (2002-2003): Premium Written
by Insurance Companies in INR Million (includes
corresponding Graph/Chart) PC-311
Landscaping the Indian Insurance Industry PC-312
Private Insurance Companies Growing Considerably PC-312
Non-Life Insurance PC-312
Leading Private Players PC-312
ICICI-Prudential PC-312
Bajaj Allianz PC-312
The Entrenched State Player PC-313
General Insurance Company (GIC) PC-313
Growing Participation of Overseas Players PC-313
Foreign Players Partnering with Indian Players in the
Indian Insurance Sector PC-313
Performance of Multi-National Companies PC-314
Hurdles All the Way PC-314
Challenges for the Insurance Industry PC-315
Pricing Trends PC-315
Outlook PC-315
Mongolia PC-316
A Recent Past Perspective PC-316
Table 292: Mongolian Property Insurance Market (2003 &
2004): Total Premiums in Million Togrog by Segment -
Aircraft Hull Insurance, Electrical Equipment, Motor
Vehicle, Property Casualty, and Others (includes
corresponding Graph/Chart) PC-316

Table 293: Mongolian Property Insurance Market (2003 &
2004): Claims Paid in Million Togrog by Segment -Electrical
Equipment, Motor Vehicle, Property Casualty, Transport and
Others (includes corresponding Graph/Chart) PC-317
Singapore PC-317
Market Overview PC-317
Table 294: Singapore Recent Past, Current & Future Analysis
for Non-Life Insurance Industry with Annual Premium Income
in US$ Million for the Years 2005 through 2010 (includes
corresponding Graph/Chart) PC-318
Steps in the Right Direction PC-318
Government’s Support Fuels Growth in Insurance Sector PC-319
Tax Incentive Scheme for Overseas Insurance Businesses PC-319
Tax Exemption Scheme for Offshore Marine Hull &Liability
Insurance Business PC-319
Abolition of Withholding Taxes on Financial Guarantee
Insurance Contracts PC-319
Scheme for Tax-Deductible Special Reserves PC-319
Regulatory Environment PC-319
Non-Life/General Insurance PC-320
Table 295: Singapore General Insurance Market (2006 & 2007):
Percentage Breakdown of Premiums by Product Category for
Motor, Marine & Aviation, Fire, Personal Accident, Health,
Workmen Compensation, and Miscellaneous Insurance (includes
corresponding Graph/Chart) PC-321
Non-Life Insurance Market - A Recent Past Perspective PC-321
Market Leaders PC-321
Table 296: Non-Life Insurance Industry of Singapore (2003):
Gross Written Premium in US$ Million by Leading Companies
for NTUC Income, American Home, AVIVA, SAGI-Captive 2, AXA
Singapore, India International, Mitsui SumitomoAIA, China,
and Asia (includes corresponding Graph/Chart) PC-322

Table 297: Property & Casualty Insurance Market in
Singapore (2003): Percentage Breakdown of Direct Premium
Received by Company for NTUC Income, American Home, Aviva,
AXA Singapore, SAGI - Captive, India International, and
Others (includes corresponding Graph/Chart) PC-322

Table 298: Top-Five Players in the Non-Life Insurance
Industry of Singapore (2002) - Gross Written Premium in US$
Million for NTUC Income, American Home, Sagi-Captive, AXA
Singapore, and China (includes corresponding Graph/Chart) PC-323

5e(ii).Emerging Insurance Markets in Asia-Pacific PC-324
Bangladesh PC-324
Leading Players PC-324
Table 299: Non-Life Insurance Industry in Bangladesh (2003):
Gross Written Premium in US$ Million by Leading Companies
for Sadharan Bima, Corporation, Pragati, Reliance, Green
Delta, Prime, Peoples, Phoenix, Bangladesh General, Rupali,
and Karnaphuli (includes corresponding Graph/Chart) PC-324
Indonesia PC-324
Market Overview PC-324
Table 300: Indonesian Recent Past, Current & Future Analysis
for Non-Life Insurance Industry with Annual Premium Income
in US$ Million for the Years 2005 through 2009 (includes
corresponding Graph/Chart) PC-325
Indonesian General Insurance Sector - Set for Phenomenal Growth PC-325
Indonesian Auto Insurance Market PC-325
Highlights PC-326
Market Leaders PC-326
Table 301: Indonesian Non-Life Insurance Industry (2003):
Gross Written Premium in US$ Million by Leading Companies
for Tugu Pratama, Jasa Indonesia, Central Asia, Astra
Buana, Sinar Mas, Wahana Tata, Allianz Utama, AIU
Indonesia, Mitsui Sumitomo, and Dayin Mitra (includes
corresponding Graph/Chart) PC-326
A Recent Past Perspective PC-326
Leading Insurance Companies PC-326
Table 302: Insurance Industry in Indonesia (2001): Number
of Insurance Companies by Type of Insurance for Life
Insurance, Loss-Insurance, Reinsurance and Others
(includes corresponding Graph/Chart) PC-327
Malaysia PC-327
Market Overview PC-327
Table 303: Malaysian Recent Past, Current & Future Analysis
for General Insurance Industry with Premiums Written in RM
Million for the Years 2006 through 2010 (includes
corresponding Graph/Chart) PC-327

Table 304: Malaysian Recent Past & Current Analysis for
General Insurance Industry Premium Income in RM Million for
the Years 2004 through 2008 (includes corresponding
Graph/Chart) PC-328

Table 305: Malaysian Recent Past & Current Analysis for
General Insurance Industry with Insurance Fund Assets in RM
Million for the Years 2004 through 2008 (includes
corresponding Graph/Chart) PC-328
Insurance - A Booming Industry PC-328
Policies and Measures Reinforce Insurance Sector PC-328
Non-Life Insurance Industry PC-329
General Insurance Sees Growth PC-329
Table 306: Malaysian General Insurance Market (2007 &
2008): Percentage Breakdown of Premiums by Category for
Motor, Fire, MAT, P A, CAR & ENG, Medical, Liability, WC &
EL, and Others (includes corresponding Graph/Chart) PC-330
Key Players- A Past Perspective PC-330
Table 307: Malaysian Non-Life Insurance Industry (2003):
Gross Written Premium in US$ Million by Leading Companies
for Kurnia, Malaysia National, Allianze General, Malaysia
Assurance Alliance, AMI, American Home, Uni. Asia General,
Hong Leong, Oriental Capital, and AmAssurance (includes
corresponding Graph/Chart) PC-331

Table 308: Leading Players in the Malaysian Non-Life
Insurance Industry (2002) - Gross Written Premium in US$
Million for Kurnia, MNI, Allianz General, MAA, and Uni.Asia
General (includes corresponding Graph/Chart) PC-331
Mauritius PC-331
Leaders in the Non-Life Insurance Industry PC-331
Table 309: Non-Life Insurance Industry of Mauritius (2003):
Gross Written Premium in US$ Million by Leading Companies
for Swan, Mauritian Eagle, Mauritius Union, Albatross,
Sicom, La Prudence, Island Gen, Sun, New India, and Lamco
(includes corresponding Graph/Chart) PC-332
New Zealand PC-332
Industry Overview PC-332
Table 310: Insurance Industry in New Zealand (2003):
Percentage Share Distribution of Insurance Companies by
Region for Wellington, Auckland, Canterbury, Otago, and
Other (includes corresponding Graph/Chart) PC-332
Regulatory Framework PC-333
Leaders in the Non-Life Insurance Sector PC-333
Table 311: New Zealand Non-Life Insurance Industry (2003):
Gross Written Premium in US$ Million by Leading Companies
for IAG New Zealand, Vero, Lumley General, AMI, American
Home, Tower, ACE, Farmers Mutual, Allianz New Zealand, and
Medical Insurance Society (includes corresponding
Graph/Chart) PC-333

Table 312: Leading Players in the Non-Life Insurance
Industry of New Zealand (2002) - Gross Written Premium in
US$ Million for IAG New Zealand, Royal & SunAlliance, NZI,
Lumley General, and AMI (includes corresponding Graph/Chart) PC-334
Pakistan PC-334
Market Overview PC-334
Leaders in the Non-Life Insurance Industry PC-334
Table 313: Leading Players in the Pakistani Non-Life
Insurance Industry (2002) - Gross Written Premium in US$
Million for Adamjee, EFU, National, New Jubilee, and New
Hampshire (includes corresponding Graph/Chart) PC-334
Philippines PC-335
Non-Life Insurance Market Leaders PC-335
Table 314: Non-Life Insurance Industry of Philippines
(2003): Gross Written Premium in US$ Million by Leading
Companies for Malayan Insurance, Prudential Guarantee,
Pioneer, BPI/MS, PHILAM Ins, UCPB Gen, Standard,
Alliedbankers, Federal Phoenix, and Phil. Charters (includes
corresponding Graph/Chart) PC-335

Table 315: Leading Players in the Non-Life Insurance
Industry of Philippines (2000) - Gross Written Premium in
US$ Million for Malayan Ins, Prudential Gtee, FGU Ins,
PHILAM Ins, and Federal Phoenix (includes corresponding
Graph/Chart) PC-335
South Korea PC-336
One of the Largest Insurance Markets Worldwide PC-336
Table 316: South Korean Recent Past, Current & Future
Analysis for Non-Life Insurance Industry with Premium Income
in US$ Million for the Years 2006 through 2010 (includes
corresponding Graph/Chart) PC-336

Table 317: South Korean Insurance Industry (2006): Per
Capita Premium in US$, and Penetration of Insurance by
Category - Life and Non-Life PC-336
Long-Term Insurance and Investment Profits Aid Non-Life
Sector’s Growth PC-336
Table 318: Korean Non-Life Insurance Market (2005 & 2006):
Percentage Breakdown of Direct Premiums by Category - Auto,
Commercial, and Long-term (includes corresponding
Graph/Chart) PC-337
Insurers’ Assets Exceeds 300 Trillion Won PC-337
Insurance Industry Eyes Advanced IT Systems PC-337
EIL Insurance in 2008 PC-337
A Perspective of the Market PC-337
Chinese Market offer Greener Pastures for Korean Insurers PC-338
Non-Life Insurance Industry - Market Takes a Beating PC-338
Key Players PC-338
Table 319: Leading Players in Korean Non-Life Insurance
Market (2005): Percentage Market Share by Insurer - Dongbu
Insurance, Hyundai M&F, LIG Insurance, Samsung, and Others
(includes corresponding Graph/Chart) PC-338

Table 320: Leading Players in Korean Non-Life (Long-Term)
Insurance Market (2005): Percentage Market Share by Insurer
  • Dongbu Insurance, Hyundai M&F, LIG Insurance, Samsung,
and Others (includes corresponding Graph/Chart) PC-339

Table 321: Leading Players in Korean Non-Life (Commercial)
Insurance Market (2005): Percentage Market Share by Insurer
  • Dongbu Insurance, Hyundai M&F, LIG Insurance, Samsung,
and Others (includes corresponding Graph/Chart) PC-339

Table 322: South Korean Non-Life Insurance Industry (2003):
Gross Written Premium in US$ Billion by Leading Companies
for Samsung, Hyundai, Dongbu, LG, Oriental, Seoul
Guarantee, First, Shindongah, Ssangyong, and Daehan
(includes corresponding Graph/Chart) PC-339

Table 323: Leading Players in South Korean Non-Life
Insurance Industry (2002) - Gross Written Premium in US$
Million for Samsung, Hyundai, Dongbu, LG, and Oriental
(includes corresponding Graph/Chart) PC-340
Property Insurance Market PC-340
A Recent Past Market Scenario PC-340
Insurance Fraud Costs Dear PC-340
Sri Lanka PC-340
Non-Life Insurance Market Leaders PC-340
Table 324: Leading Players in the Sri Lankan Non-Life
Insurance Industry (2003) - Gross Written Premium in US$
Million for Sri Lanka, Ceylinco, Janashakthi, Union, and
Eagle (includes corresponding Graph/Chart) PC-341
Taiwan PC-341
Table 325: Taiwanese Recent Past, Current & Future Analysis
for Non-Life Insurance Industry with Annual Premium Income in
NT$ Billion for the Years 2006 through 2010 (includes
corresponding Graph/Chart) PC-341

Table 326: Taiwanese Insurance Industry (2006): Per Capita
Premium in US$, and Penetration of Insurance by Category -
Life and Non-Life PC-342

Table 327: Taiwanese Non-life Insurance Market (2007 & 2008):
Percentage Breakdown of Premium Income by Category for
Automobile, Fire, Marine Cargo, Engineering, Marine Hull,
Aviation, and Miscellaneous Casualty Insurance (includes
corresponding Graph/Chart) PC-342
Opportunity to Expand to Mainland China Sparks Insurance
Industry Growth PC-342
Establishment of Appointed Actuary System to Boost Growth PC-343
Table 328: Taiwanese Non-Life Insurance Industry (2006):
Percentage Breakdown of Premiums by Sector -Auto, Aviation,
Fire, Marine, and Other Property & Casualty (includes
corresponding Graph/Chart) PC-343

Table 329: Taiwanese Non-Life Insurance Industry (2006):
Direct Written Premiums and Retained Premiums in NT$ Million
by Sector - Auto, Aviation, Fire, Marine, and Other Property
& Casualty PC-343

Table 330: Taiwanese Non-Life Insurance Industry (2006):
Direct Written Premiums and Retained Premiums in NT$ Million
by Domestic Companies, and Foreign Companies PC-343
Market leaders in the Non-Life Insurance Sector PC-344
Table 331: Leading Players in Taiwanese Non-Life Insurance
Industry (2005 & 2006): Percentage Market Share of Premiums
by Company - Cathay Century, Central, Chung Kuo, the First,
Fubon, Mingtai, Shin Kong, South China, Tai Ping, Taian,
Taiwan Fire, Tokio Marine Newa, and Others (includes
corresponding Graph/Chart) PC-344

Table 332: Taiwanese Non-Life Insurance Industry (2003):
Gross Written Premium in US$ Million by Leading Companies
for Fubon, Mingtai, Shin Kong, Union, Cathay Century,
Central, Taian, Zurich, Chung Kuo, and Newa (includes
corresponding Graph/Chart) PC-345

Table 333: Taiwanese Non-Life Insurance Industry (2003): Net
Premium and Net Losses in NT$ Million for Domestic and
Foreign Companies PC-346

Table 334: Leading Players in the Taiwanese Non-Life
Insurance Industry (2002) - Gross Written Premium in US$
Million for Fubon, Mingtai, Shin Kong, Central, and Cathay
Century (includes corresponding Graph/Chart) PC-346
Assessing Earthquake Exposure - A Key Development During
Early 2000s PC-347
Thailand PC-347
Table 335: Thai Recent Past, Current & Future Analysis for
Non-Life Insurance Industry with Annual Premium Income in
Billion Baht for the Years 2005 through 2010 (includes
corresponding Graph/Chart) PC-347

Table 336: Thai Non-life Insurance Market (2006 & 2007):
Percentage Breakdown of Net Written Premiums by Line of
Business - Automobile (Voluntary, & Compulsory), Fire, Marine
& Transportation, and Miscellaneous* (includes corresponding
Graph/Chart) PC-348
Market Leaders in the Non-Life Insurance Sector PC-348
Table 337: Leading Players in Thai Non-Life Insurance Market
(2006): Percentage Breakdown of Direct Premiums by Company -
Viriyah Insurance, Sampanth Insurance, Bangkok Insurance,
Synmunkong Insurance, The Safety Insurance, LMG Insurance,
Thanachart Insurance, Liberty Insurance, Mittare Insurance,
Dhipaya Insurance and Others (includes corresponding
Graph/Chart) PC-348

Table 338: Thai Non-life Insurance Market (2006 & 2007):
Percentage Breakdown of the Sum Insured in Billion Baht by
Line of Business - Marine & Transportation, Industrial (All
Risks), Personal Accident, Fire, Automobile, and
Miscellaneous* (includes corresponding Graph/Chart) PC-349

Table 339: Thai Non-Life Insurance Industry (2003): Gross
Written Premium in US$ Million by Leading Companies for
Viriyah, Dhipaya, Bangkok, Sampanth, Deves, Synmunkong, The
Safety, New Hampshire, Aviva, and Commercial (includes
corresponding Graph/Chart) PC-349

Table 340: Leading Players in the Thai Non-Life Insurance
Industry (2002) - Gross Written Premium in US$ Million for
Viriyah, Dhipaya, Bangkok, Deves, and The Safety (includes
corresponding Graph/Chart) PC-350
Non-Life Sector Lagging Behind - A Historic Review PC-350
The Reforms PC-350
Vietnam PC-351
Market Overview PC-351
Insurance Sector Representation PC-351
Table 341: Vietnamese Recent Past, Current & Future Analysis
for Non-Life Insurance Industry with Annual Premium Income
in US$ Million for the Years 2005 through 2009 (includes
corresponding Graph/Chart) PC-351
The Non-Life Insurance Sector of Vietnam - A Market Scenario PC-351
Table 342: Insurance Market in Vietnam: Premium in US$
Million and Premium/ GDP for the Period 1997-2002 (includes
corresponding Graph/Chart) PC-352
Major Categories of Insurance PC-352
Stiff Competition Brewing PC-352
Players and the Potential PC-352
State Insurer Feels the Pinch PC-353
Leading Insurance Companies/Groups Active in Vietnam PC-353
Entry of Foreign Companies PC-354
Foreign Insurers Make Mark in Vietnamese Insurance Market PC-354
Foreign Insurers Increasingly Rely on Joint Ventures to Enter
Vietnamese Market PC-354
The Present and Future PC-354
The Obligatory Social Insurance PC-355
Non-Life Insurance Sector PC-355
Key Players PC-355
Table 343: Leading Players in the Non-Life Insurance
Industry of Vietnam (2004): Percentage Market Share by
Company - Allianz, Bao Minh, BIDV-QBE, BaoViet, PJICO, PTI,
PVI, Samsung-Vina, UIC, VIA, and Others(includes
corresponding Graph/Chart) PC-356

Table 344: Leading Players in the Non-Life Insurance
Industry of Vietnam (2003): Percentage Share Breakdown by
Premium for BaoViet, BaoMinh, PJICO, PV Insurance, and
Others (includes corresponding Graph/Chart) PC-356

Table 345: Leading Players in the Non-Life Insurance
Industry of Vietnam (2001) - Gross Written Premium in US$
Million for Bao Viet, Bao Minh, PVIC, PJICO, and PTI
(includes corresponding Graph/Chart) PC-356
Vietnamese Insurance Industry - A Recent Past Perspective PC-357
Unfair Competition Moves PC-357

5f. The Middle East PC-358
Market Overview PC-358
Small, Yet Significant Market PC-358
The Post September 11 Scenario PC-358
Iraq Poses a Great Opportunity for Insurance Industry PC-359
Low Insurance Rates in Middle East PC-359
Opportunities and Risks in the Middle East Oil and Energy
Insurance Market PC-360
Uncertain Times Ahead PC-360
Facts & Figures: 2000 PC-361
Table 346: Insurance Industry in the Middle East (2000):
Premiums (Non-Life & Life) in US$ Million and Population in
Million by Leading Countries for Saudi Arabia, UAE, Egypt,
Iran, Lebanon, Kuwait, Oman, Qatar, Jordan, Libya, Bahrain,
Syria, and Yemen (includes corresponding Graph/Chart) PC-361
Industry Structure PC-361
Liberalization PC-362
Regulation PC-362
Competition PC-362
International Presence Springs Indigenous Innovations PC-362
Regional Cooperation PC-363
Distribution PC-363
Challenges Ahead PC-363
Outlook PC-364
The Road Ahead PC-364

5f(i).Key Markets in the Middle East Region PC-365
Bahrain PC-365
Major Players in the Non-Life Insurance Industry PC-365
Table 347: Non-Life Insurance Industry in Bahrain (2003):
Gross Written Premium in US$ Million by Leading Companies
for Bahrain National, Gulf Union, Bahrain Kuwait, Al Ahlia,
Takaful International, Norwich Union, United New India,
Iran, and Royal & SunAlliance (includes corresponding
Graph/Chart) PC-365
Egypt PC-365
Industry Overview PC-365
Table 348: Egyptian Recent Past Analysis for Non-Life
Insurance Industry with Annual Premium in US$ Million for
the Years 2003 through 2007 (includes corresponding
Graph/Chart) PC-366
Leaders in the Non-Life Insurance Sector PC-367
Table 349: Leading Players in the Egyptian Non-Life
Insurance Industry (2003) - Gross Written Premium in US$
Million for Misr, Al Chark, National, Suez Canal, and AIG
(includes corresponding Graph/Chart) PC-367

Table 350: Egyptian Non-Life Insurance Industry (1995-2000):
Market Percentage Share by Segment for Fire, Cargo, Inland,
Marine Hull, Aviation, Accident, Engineering, Motor Act,
Motor Comprehensive, Oil, and Medical (includes
corresponding Graph/Chart) PC-368
Iran PC-368
Israel PC-368
Market Leaders in the Non-Life Insurance Industry PC-368
Table 351: Top-Five Players in the Israeli Non-Life
Insurance Industry (2002) - Gross Written Premium in US$
Million for Clal, Sahar-Zion, Migdal, Is. Phoenix, and
Menora (includes corresponding Graph/Chart) PC-369

Table 352: Cost of National Health Insurance Services Funded
by Health Funds in Israel: 1998-2002 (includes corresponding
Graph/Chart) PC-369
Jordan PC-370
Industry Overview PC-370
Table 353: Jordanian Recent Past, Current & Future Analysis
for General Insurance Industry with Annual Premium Income in
US$ Million for the Years 2006 through 2010 (includes
corresponding Graph/Chart) PC-370
Market Leaders PC-370
Table 354: Jordanian General Insurance Industry (2006 &
2007): Percentage Breakdown of Market Shares by Company -
Arab Orient Insurance, Jordan Insurance, International
Insurance, Middle East Insurance, Arab German Insurance,
Jordan French Insurance, Life & Accident Insurance, Oasis
Insurance, United Insurance, Jerusalem Insurance and Others
(includes corresponding Graph/Chart) PC-371

Table 355: Jordanian Non-Life Insurance Industry (2003):
Gross Written Premium in US$ Million by Leading Companies
for Middle East, Jordan Insurance, Arab Life & Accident,
National Ahlia, Jordan International, United, Jerusalem,
Jordan French, Arab Orient, and General Arabia (includes
corresponding Graph/Chart) PC-372

Table 356: Top-Five Players in the Jordanian Non-Life
Insurance Industry (2002) - Gross Written Premium in US$
Million for Jordan Insurance, Middle East, Arab Life &
Accident, National Ahlia, and Jordan French (includes
corresponding Graph/Chart) PC-372
Kuwait PC-372
Non-Life Insurance Industry - Major Players PC-372
Table 357: Top-Five Players in the Kuwaiti Non-Life
Insurance Industry (2002) - Gross Written Premium in US$
Million for Al-Ahleia, Gulf, Kuwait, Warba, and 1st Takaful
(includes corresponding Graph/Chart) PC-373
Lebanon PC-373
Lebanese Insurance Industry - A Brief PC-373
Non-Life Insurance Industry Leaders PC-374
Table 358: Top-Five Players in the Lebanese Non-Life
Insurance Industry (2002) - Gross Written Premium in US$
Million for Medgulf, Bankers, AXA Middle East, SNA, and
Libano Suisse (includes corresponding Graph/Chart) PC-374
Oman PC-374
Insurance Sector - A Market Overview PC-374
Saudi Arabia PC-375
Turkey PC-375
Table 359: Turkish Recent Past, Current & Future Analysis for
Non-Life Insurance Industry with Annual Premium Income in TRY
Million for the Years 2006 through 2010 (includes
corresponding Graph/Chart) PC-375
Leading Sectors PC-375
Table 360: Turkish Insurance Market (2007 & 2008): Percentage
Breakdown of Premium by Sector - Accident, Motor, Fire,
Health, Life, and Others (includes corresponding Graph/Chart) PC-376

Table 361: Turkish Non-Life Insurance Industry (2006):
Percentage Breakdown of Distribution Channel for Non-Life
Premium Generation (includes corresponding Graph/Chart) PC-376
Market Leaders in the Non-Life Insurance Industry PC-376
Table 362: Turkish Non-Life Insurance Industry (2006 &
2007): Percentage Market Share of Premiums by Company -
Anadolu, Axa Oyak, Koc Allianz, Aksigorta, Yapi Kredi,
Gunes, Isvicre, Basak Groupama, Garanti, T.Genel, and Others
(includes corresponding Graph/Chart) PC-377

Table 363: Turkish Non-Life Insurance Industry (2005 &
2006): Percentage Market Share of Premium by Company -
Anadolu Sigorta, Axa Oyak, Koc Allianz, Aksigorta, Yapi
Kredi Sigorta, Gunes Sigorta, and Others (includes
corresponding Graph/Chart) PC-378

Table 364: Turkish Non-Life Insurance Industry (2003): Gross
Written Premium in US$ Million by Leading Companies for Axa
Oyak, Axa Oyak, Anadolu Anonim Türk, Aksgorta, Yapi Kredi,
Koç Allianz, Günes, Isvçre, Basak, and Ray (includes
corresponding Graph/Chart) PC-378

Table 365: Top-Five Players in the Turkish Non-Life
Insurance Industry (2002) - Gross Written Premium in US$
Million for Anadolu Anonim Turk, Aksigorta, Axa Oyak, Koc
Allianz, and Yapi Kredi (includes corresponding Graph/Chart) PC-379
United Arab Emirates (UAE) PC-379
Table 366: UAE Recent Past, Current & Future Analysis for
General Insurance Industry with Annual Premium in US$ Million
for the Years 2006 through 2010 (includes corresponding
Graph/Chart) PC-380
General Insurance - Leading Sectors PC-380
Table 367: UAE General Insurance Market (2007 & 2008):
Percentage Breakdown of Premiums by Segment - Accident &
Liability Insurance, Transport (Land, Sea & Air) Insurance,
Fire Insurance, Medical Insurance, and Other Sectors
(includes corresponding Graph/Chart) PC-380
AMAN Launches Online Services in Travel Insurance Market PC-380

5g. Africa PC-381
East Africa - An Overview PC-381

5g(i).Select Insurance Markets in the African Region PC-382
Ivory Coast PC-382
Non-Life Insurance Industry Market Leaders PC-382
Table 368: Non-Life Insurance Industry in Ivory Coast
(2000): Gross Written Premium in US$ Million by Leading
Companies for AXA, NSIA/AGCI, Colina, CAN, Sidam, Tisserins,
Safarriv, MAI, MACI, and MCA (includes corresponding
Graph/Chart) PC-382
Kenya PC-382
Major Players -Non-Life Insurance Industry PC-382
Table 369: Top-Five Players in the Kenyan Non-Life Insurance
Industry (2001) - Gross Written Premium in US$ Million for
Keninda, ALICO, United, Heritage AII, and UAP Provincial
(includes corresponding Graph/Chart) PC-383
Morocco PC-383
Table 370: Moroccan Non-Life Insurance Industry Analysis with
Annual Premium in US$ Million for the Years 2006 through 2008
(includes corresponding Graph/Chart) PC-383
Insurance Industry - A Market Review PC-383
Table 371: Moroccan Non-Life Insurance Market (2005):
Premium in US$ Million by Category - Automobile, Bodily
Injury, Civil Liability, Fire, Non-life Acceptances,
Technical Risk Insurance, Transportation, Work Accident, and
Other Non-Life Operations (includes corresponding
Graph/Chart) PC-384
Market Leaders PC-384
Table 372: Moroccan Non-Life Insurance Market (2005):
Percentage Market Share by Insurer - RMA Watanya, Axa
Assurance Maroc, Wafa Assurance, Essaada, Sanad, Atlanta,
CNIA Assurance, CAT, Zurich, MAMDA, MCMA, MATU and Others
(includes corresponding Graph/Chart) PC-384

Table 373: Moroccan Non-Life Insurance Industry (2003):
Gross Written Premium in US$ Million by Leading Companies
for AXA Assurance Maroc, Al Wataniya, Wafa, Royale Marocaine
dAssurances, Sanad, Essaada, Atlanta, CAT, CNIA, and Zurich
(includes corresponding Graph/Chart) PC-385

Table 374: Top-Five Players in the Moroccan Non-Life
Insurance Industry (2002) - Gross Written Premium in US$
Million for AXA Assurance Maroc, Al Wataniya, Wafa, Royale
Marocaine d’Assurances, and CAT (includes corresponding
Graph/Chart) PC-385
Nigeria PC-385
Major Players in the Non-Life Insurance Industry PC-385
Table 375: Nigerian Non-Life Insurance Industry (2002):
Gross Written Premium in US$ Million by Leading Companies
for Nicon, Leadway, Industrial & General, A & G, Royal
Exchange, Unic, Unitrust, Goldlink, Niger, and Cornerstone
(includes corresponding Graph/Chart) PC-386

Table 376: Top-Five Players in the Nigerian Non-Life
Insurance Industry (2001) - Gross Written Premium in US$
Million for Nicon, Leadway, Industrial & General, Unic, and
A & G (includes corresponding Graph/Chart) PC-386
Insurance Industry of Nigeria - A Market Summary PC-386
Role of Intermediaries PC-386
Entry of Foreign and New Players PC-387
Oil and Gas Insurance - A Brief Review PC-387
Oil and Gas Insurance Market Trends PC-387
Oil and Gas Insurance & The Insurance Act 2003 PC-388
South Africa PC-388
Insurance Market Experiencing Positive Environment PC-388
Table 377: South African Recent Past, Current & Future
Analysis for Non-Life Insurance Industry with Annual Premium
in US$ Billion for the Years 2005 through 2009 (includes
corresponding Graph/Chart) PC-388
Market Leaders in Non-Life Insurance Industry PC-389
Table 378: Top-Five Players in the South African Non-Life
Insurance Industry (2002) - Gross Written Premium in US$
Million for Santam, Mutual & Federal, S A Eagle, Hollard,
and AIG (SA) (includes corresponding Graph/Chart) PC-389
Tanzania PC-389
A Bird’s Eye View of Tanzanian Insurance Sector PC-389
Tunisia PC-389
Non-Life Insurance Industry Market Leaders PC-390
Table 379: Tunisian Non-Life Insurance Industry (2003):
Gross Written Premium in US$ Million by Leading Companies
for Star, Comar, GAT, Ittihad, Maghreb, Astree, Cartelloyd,
MAE, and CTAMA (includes corresponding Graph/Chart) PC-390

Table 380: Top-Five Players in the Tunisian Non-Life
Insurance Industry (2002) - Gross Written Premium in US$
Million for Star, Comar, GAT, Ittihad, and Astree (includes
corresponding Graph/Chart) PC-390
Uganda PC-390
Zimbabwe PC-390
Market Leaders - Non-Life Insurance Industry PC-391
Table 381: Zimbabwean Non-Life Insurance Industry (2003):
Gross Written Premium in US$ Million by Leading Companies
for NicozDiamond, Zimnat Lion, Altfin, RMI, Eagle, Tristar,
Heritage AIG, and SFG (includes corresponding Graph/Chart) PC-391

Table 382: Top-Five Players in the Zimbabwean Non-Life
Insurance Industry (2000) - Gross Written Premium in US$
Million for Zimnat Lion, RM Insurance, NICOZ, Diamond, and
AIG (includes corresponding Graph/Chart) PC-391

5h. Latin America PC-392
Market Overview PC-392
Table 383: Latin American Recent Past, Current & Future
Analysis for Non-Life Insurance Industry with Annual Premium
Income in US$ Billion for the Years 2005 through 2010
(includes corresponding Graph/Chart) PC-393

Table 384: Latin American Recent Past, Current & Future
Analysis for Non-Life Insurance Industry by Region -
Argentina, Brazil, Chile, Mexico and Rest of Latin America
Markets Independently Analyzed with Annual Premium Income in
US$ Billion for the Years 2005 through 2010 (includes
corresponding Graph/Chart) PC-393

Table 385: Latin American 6-Year Perspective for Non-Life
Insurance Industry by Region - Percentage Breakdown of
Premium Income for Argentina, Brazil, Chile, Mexico and Rest
of Latin America Markets for 2005, 2008, and 2010 (includes
corresponding Graph/Chart) PC-394

Table 386: Non-Life Insurance Industry in Latin America
(2006): Total Premiums Per Capita in US$ Ranked by Country -
Bahamas, Trinidad and Tobago, Chile, Jamaica and Venezuela
(includes corresponding Graph/Chart) PC-394

Table 387: Non-Life Insurance Industry in Latin America
(2006): Total Premiums as a Percentage of GDP by Leading
Country - Bahamas, Trinidad and Tobago, Jamaica, Chile and
Brazil (includes corresponding Graph/Chart) PC-394
Consolidation and Globalization Have a Positive Impact PC-395
Potential Growth Markets in the Region PC-395
The Foreign Dominion PC-395
Promotion of Intra-Regional Trading PC-395
Infrastructure Development Attracts Foreign Investment PC-395
Outlook PC-396
A Recent Past Perspective PC-396
Table 388: Insurance Industry in Latin America (2000): Annual
Insurance Premium in US$ Billion by Country for Brazil,
Mexico, Argentina, Chile, Colombia, and Others (includes
corresponding Graph/Chart) PC-396

Table 389: Insurance Industry in Latin America (2000): Major
Countries by Written Premium in US$ Billion (includes
corresponding Graph/Chart) PC-397

Table 390: Insurance Industry in Latin America (2000): Major
Countries for Non-Life Insurance by Written Premium in US$
Billion (includes corresponding Graph/Chart) PC-397

Table 391: Insurance Industry in Latin America (1999 & 2000):
Leading Insurers Ranked by Net Written Premium in US$ Million
(includes corresponding Graph/Chart) PC-398

5h(i).Focus on Select Latin American Markets PC-400
Argentina PC-400
Market Overview PC-400
Table 392: Argentine Recent Past, Current & Future Analysis
for Non-Life Insurance Industry with Annual Premium Income
in US$ Billion for the Years 2005 through 2010 (includes
corresponding Graph/Chart) PC-400

Table 393: Argentinean Insurance Industry (2006): Per Capita
Premium in US$, and Penetration of Insurance by Category -
Life and Non-Life (includes corresponding Graph/Chart) PC-400
Facts & Stats PC-401
Geographic Characteristics PC-401
Insurance Industry Structure PC-401
Regulatory Overview PC-401
Non-Life Insurance Sector PC-401
Table 394: Argentine General & Property Insurance Market
(2006 & 2007): Percentage Breakdown of Premium by Category -
Vehicle, Work Related Risk, Fire, Hale, Transport, Theft and
Similar Threats, and Others (includes corresponding
Graph/Chart) PC-402

Table 395: Argentine Personal Insurance Market (2006 &
2007): Percentage Breakdown of Premiums by Category - Life,
Pension, Supplemental Retirement, Accident and Workers
Compensation (includes corresponding Graph/Chart) PC-402
Compulsory Insurance PC-403
Brokers & Agents PC-403
Various Insurance Covers PC-403
Workers Compensation and Employers’ Liability PC-403
Key Benefits of Workers’ Compensation Law PC-403
Workers’ Compensation - On Road to Profitability PC-404
Property Damage PC-404
Civil Liability PC-404
Engineering/Construction PC-405
Automobile PC-405
Special Classes PC-405
Market Leaders PC-405
Table 396: Argentinean Non-Life Insurance Industry (2003):
Gross Written Premium in US$ Million by Leading Companies
for HSBC Buenos Aires, Federacion Patronal, Caja Seguros,
Meridional, Mapfre Argentina, Provincia, Zurich Argentina,
San Cristobal, Segunda C.S.L., and Sancor (includes
corresponding Graph/Chart) PC-406

Table 397: Top-Five Players in the Non-Life Insurance
Industry of Argentina (2002) - Gross Written Premiums in
US$ Million for Caja Seguros, Provincia, Federacion
Patronal, HSBC-Buenos Aires, and Meridional (includes
corresponding Graph/Chart) PC-406
A Recent Past Perspective of Argentinean Insurance Industry PC-406
Table 398: Argentinean Insurance Industry (1999 & 2000):
Leading Insurers’ Gross Premiums Written in US$ Million and
Market Share in % (includes corresponding Graph/Chart) PC-407
A Backgrounder PC-407
Traditional Insurance Products Available During Mid-90s PC-408
A Review of Major Amendments to Law PC-408
The Workers’ Compensation Law of 1995 PC-408
Other Developments PC-408
Brazil PC-409
Industry Overview PC-409
Table 399: Brazilian Recent Past, Current & Future Analysis
for Non-Life Insurance Industry with Annual Premium Income
in US$ Billion for the Years 2005 through 2010 (includes
corresponding Graph/Chart) PC-409

Table 400: Brazilian Insurance Industry (2006): Per Capita
Premium in US$, and Penetration of Insurance by Category -
Life and Non-Life (includes corresponding Graph/Chart) PC-410
Income and Buying Power of Population PC-410
Intense M&A Activity Limits Players PC-410
Transportation Insurance Gaining Momentum PC-410
Scenario in Brazilian Markets for Prospective Insurers PC-410
Regulatory Environment PC-411
Brazil’s Regulatory Framework PC-411
Functions of IRB PC-411
Key Insurance Segments PC-412
General Insurance PC-412
Strong Bias for Non-Life Insurance PC-412
A Wide Array of Perils in Property Insurance PC-412
Capitalization PC-413
Pension PC-413
Table 401: Brazilian Insurance Industry (2004): Leading
Sectors’ Market Share by Type for Automobile, Life, Health,
Fire, Personal Accidents, Property, Residential, Risks, and
Other (includes corresponding Graph/Chart) PC-413
Market Leaders PC-413
Table 402: Brazilian Insurance Industry: Leading Players by
Gross Written Premiums (GWP) in € Millions for 2004 (1H)
(includes corresponding Graph/Chart) PC-414
Non-Life Insurance Sector PC-414
Table 403: Brazilian General Insurance Market (2006 &
2007): Percentage Market Shares of Leading Companies by
Premiums - Porto Seguro - Companhia de Seguros Gerais,
Unibanco AIG Seguros, Bradesco Auto/Re Companhia de
Seguros, Itaú Seguros, SulAmerica Companhia Nacional de
Seguros, Mapfre Vera Cruz Seguradora, Tokio Marine
Seguradora, and Others (includes corresponding Graph/Chart) PC-415

Table 404: Brazilian Non-Life Insurance Industry (2003):
Gross Written Premium in US$ Million by Leading Companies
for Bradesco, Unibanco AIG, Porto Seguro CIA, Itau, Sul
Amercia CIA Nacional, Caixa, Real, Vera Cruz, Maritima, and
Brasil Veiculos (includes corresponding Graph/Chart) PC-416
Insurance Industry 2000-2001: A Recent Past Perspective PC-416
Table 405: Brazilian Insurance Industry (2000): Premium
Revenues by Sector in R$ Million (includes corresponding
Graph/Chart) PC-416

Table 406: Brazilian Insurance Industry (1999& 2000):
Leading Insurers by Gross Premiums Written in US$ Million
(includes corresponding Graph/Chart) PC-417
Prevailing Conditions During the Dawn of the New Millennium PC-417
Robust Economy Boosts Industry PC-418
General Insurance Market Structure PC-418
Property and Casualty Sector PC-418
Major Perils PC-418
Agricultural Insurance Expands PC-419
Europeans Enter the Fray PC-419
Chile PC-419
Chile at a Glance - Key Facts and Characteristics PC-419
Insurance Industry Highlights PC-419
Market Overview PC-420
A Recent Past Perspective PC-420
Current Scenario PC-420
Table 407: Chilean Recent Past, Current & Future Analysis
for Non-Life Insurance Industry with Annual Premium Income
in US$ Billion for the Years 2005 through 2010 (includes
corresponding Graph/Chart) PC-421
Insurance Market Experiences Concentration PC-421
A Well Developed Market PC-421
Regulatory Overview PC-422
Insurance Legislations PC-422
Superintendencia de Valoresy Seguros (SVS) - Regulatory Body PC-422
Non-Admitted Insurance PC-422
Compulsory Insurance PC-422
Registration and Operational Rules PC-423
Taxation Structure PC-423
Non-Life Insurance Sector PC-423
Impact of Deregulation PC-423
Major Players PC-424
Table 408: Chilean Non-Life Insurance Industry (2003):
Gross Written Premium in US$ Million by Leading Companies
for Cruz del Sur, Chilena, MAPFRE Seguros, Interamericana,
Royal & SunAlliance, AGF Allianz, Americas, Magallanes,
BCI, and ING (includes corresponding Graph/Chart) PC-424
A Recent Past Perspective of Non-Life Insurance Sector PC-424
Table 409: Breakdown of Chilean Non-Life Insurance Market by
Category for 2001 (includes corresponding Graph/Chart) PC-424
Key Developments PC-424
Pools and Organizations PC-425
Legal Trends PC-425
Perspective of Distribution Channels PC-425
Natural Hazard Cover PC-425
Earthquakes PC-425
Table 410: Major Earthquakes in Chile During the 20th
Century (Damages in US$ Million) PC-426
Floods PC-426
Other Hazards PC-426
Property Coverage PC-427
Table 411: Premium Written for Chilean Property Insurance:
1999-2001 (In US$ Million) (includes corresponding
Graph/Chart) PC-427
Homeowners’ Cover PC-427
An Overview PC-427
Coverage Scope PC-428
Cover for Social Hazards PC-428
Terrorism PC-428
Burglary & Theft PC-428
Riots and Strikes PC-428
Commercial and Industrial Insurance PC-429
An Overview PC-429
Leading Chilean Companies: 2000 PC-429
Fire Cover PC-429
Table 412: Percentage Market Share of Chilean Fire Insurers
by Company for 2001 (includes corresponding Graph/Chart) PC-430

Table 413: Major Brokers for Fire Insurance in Chile for
2001 (In US$ Million) (includes corresponding Graph/Chart) PC-430
Business Interruption PC-430
Package Plans PC-430
Reinsurance Perspective PC-430
Engineering and Construction PC-431
Table 414: Percentage Market Share of Construction &
Engineering Insurers in Chile for 2001 (includes
corresponding Graph/Chart) PC-431
Machinery Breakdown PC-431
Table 415: Percentage Share of Chilean Machinery Breakdown
Insurers for 2001 (includes corresponding Graph/Chart) PC-432

Table 416: Percentage Share of Chilean Electronic Breakdown
Insurers for 2001 (includes corresponding Graph/Chart) PC-432
Multinational Insurance PC-432
Agricultural Insurance PC-433
Table 417: Gross Written Premium in CLP Billion for Chilean
Agriculture Sector (2000 & 2001) (includes corresponding
Graph/Chart) PC-433
Livestock Insurance PC-433
Oil and Energy Cover PC-433
Natural Gas PC-434
Electricity PC-434
Other Major Categories PC-434
E-Insurance PC-434
Kidnap and Ransom PC-434
Personal Accident PC-434
Coverage Scope PC-434
Table 418: Total Gross Premium Written for 1999-2001 in
CLP Billion (includes corresponding Graph/Chart) PC-435

Table 419: Leading Personal Accident Insurers in Chile
for 2001: Market Share by Company (includes corresponding
Graph/Chart) PC-435
Mexico PC-435
Market Overview PC-435
Market Infancy Paints Brighter Prospects PC-436
Table 420: Mexican Recent Past, Current & Future Analysis
for Non-Life Insurance Industry with Annual Premium Income
in US$ Billion for the Years 2005 through 2010 (includes
corresponding Graph/Chart) PC-436

Table 421: Mexican Insurance Industry (2006): Per Capita
Premium in US$, and Penetration of Insurance by Category -
Life and Non-Life PC-436

Table 422: Mexican Insurance Industry (2005): Percentage
Breakdown of Total Insurance Premiums by Category - Auto,
Catastrophe, Civil Liability, Death and Disability, Fire,
Group Life, Individual Life, MAT, Medical, and Others
(includes corresponding Graph/Chart) PC-437
Mexican Insurance Industry - Market Trends PC-437
Mindset of Mexicans - An Obstacle for Insurance Sector PC-437
A Promising Future for Insurance Industry PC-437
Premium Tax in Mexico PC-438
Environmental Risks PC-438
Challenges Before the Mexican Insurance Industry PC-438
Competitive Landscape PC-438
Table 423: Leading Players in Mexican Insurance Industry
(2005): Percentage Market Share by Gross Written Premiums of
Companies - ABA, Banamex, Bancomer, Banorte, GNP, ING
Comercial America, Inbursa, Monterrey, Mapfre, Qualitas, and
Others (includes corresponding Graph/Chart) PC-439

Table 424: Leading Players in the Mexican Insurance Industry
(2004): Percentage Market Share for Grupo Nacional
Provincial, Seguros Comercial America, MetLife Mexico,
Seguros Banamex, Seguros Inbursa, Seguros Monterrey New York
Life, Mapfire, Tepeyac, Qualitas, Seguros Bbva Bancomer,
Zurich and Others (includes corresponding Graph/Chart) PC-439

Table 425: Mexican Insurance Industry (2004): Leading
Companies’ Percentage Business Mix for Life, Auto,
Accident/Illness, and Other Non-Life PC-440
Non-Life Insurance PC-440
Table 426: Mexican Property & Casualty Insurance Market
(2005): Percentage Breakdown by Category - Agriculture,
Automobile, Credit, Earthquake, Fire, Marine &
Transportation, Liability, and Mixed (includes corresponding
Graph/Chart) PC-440

Table 427: Non-Life Insurance Industry in Mexico (1H
2001-2004): Gross Premium Income in US$ Billion (includes
corresponding Graph/Chart) PC-441
Market Leaders PC-441
Table 428: Mexican Non-Life Insurance Industry (2004) -
Gross Written Premiums in US$ Million by Leading Companies
for ING, Comercial America, G.N.P., Inbursa, Zurich,
Aba/Seguros, Qualitas, Mapfre Tepeyac, BBVA Bancomer,
Allianz Mexico and Atlas (includes corresponding
Graph/Chart) PC-441

Table 429: Top-Five Players in the Mexican Non-Life
Insurance Industry (2003) - Gross Written Premiums in US$
Million for ING Comercial America, G.N.P., Inbursa, Mapfre
Tepeyac, and Zurich (Consolidado) (includes corresponding
Graph/Chart) PC-441
Commercial and Homeowners Property PC-442
Liability Limitations PC-442
A Recent Past Perspective PC-442
2000-2001: Emergence as the ‘Happening’ Place PC-442
Table 430: Mexican Insurance Industry (2000 & 2001):
Premium Written in Billion Pesos by Type of Insurance for
Life, Pension, Health & Accident, Auto, and Others
(includes corresponding Graph/Chart) PC-443
Leading Players PC-444
Table 431: Mexican Insurance Industry (1999 & 2000):
Leading Insurers Ranked by Gross Premiums Written in US$
Million (includes corresponding Graph/Chart) PC-444

5h(ii).Emerging Insurance Markets of Latin America PC-445
Barbados PC-445
Major Players -Non-Life Insurance Industry PC-445
Table 432: Non-Life Insurance Industry of Barbados (2003):
Gross Written Premium in US$ Million by Leading Companies
for Insurance Corporation of Barbados, United Insurance,
Barbados Fire And Commercial, Caribbean Home Insurance,
C.G.I. Consumers Guarantee Ins. Co. Ltd., Clico
International General Insurance Ltd., Sagicor Life Inc.,
Co-Operators General Insurance Co. Ltd., Trident Insurance,
and NEM (West Indies Insurance Limited (includes
corresponding Graph/Chart) PC-445
Bermuda PC-446
Table 433: Property & Casualty Insurance Industry of Bermuda
(2005 & 2006): Net Written Premium in US$ Billion for Select
Companies -ACE Limited, XL Capital, Everest Re, PartnerRe,
Arch Capital, Axis Capital, Aspen Insurance, Endurance
Specialty, Renaissance Re, Allied World Assurance, and Max Re
Capital Ltd (includes corresponding Graph/Chart) PC-446

Table 434: Non-Life Insurance Industry of Bermuda (2003):
Written Premium in US$ Billion by Leading Companies for ACE,
XL Capital, Partner Re, Arch Capital, AXIS Capital, Endurance
Speciality, Allied World Assurance, Renaissance Re, Everest
Reinsurance and ALEA (includes corresponding Graph/Chart) PC-446
Colombia PC-447
Market Overview PC-447
Table 435: Colombian Recent Past, Current & Future Analysis
for Non-Life Insurance Industry with Annual Premium Income
in US$ Billion for the Years 2005 through 2009 (includes
corresponding Graph/Chart) PC-447
Market Leaders PC-447
Table 436: Leading Players in the Colombian Non-Life
Insurance Industry (2003) - Gross Written Premium in US$
Million for Previsora, Colseguros, Liberty, Suramericana,
and Estado (includes corresponding Graph/Chart) PC-448
Costa Rica PC-448
Table 437: Costa Rican Recent Past, Current & Future Analysis
for Non-Life Insurance Industry with Annual Premium Income in
US$ Million for the Years 2005 through 2009 (includes
corresponding Graph/Chart) PC-448
Dominican Republic PC-449
Table 438: Dominican Republic Recent Past, Current & Future
Analysis for Non-Life Insurance Industry with Annual Premium
Income in US$ Million for the Years 2005 through 2009
(includes corresponding Graph/Chart) PC-449
Market Leaders PC-449
Table 439: Dominican Republic Non-Life Insurance Industry
(2003): Gross Written Premium in US$ Million by Leading
Companies for Seguros Popular, Seguros Banreservas, Segna,
Colonial de Seguros, Cia De Seguros Palic, PROSEGUROS,
Seguros Pepin, Monumential de Seguros, Union de Seguros, and
Confederacion del Canada (includes corresponding
Graph/Chart) PC-450

Table 440: Leading Players in the Non-Life Insurance
Industry of Dominican Republic (2002) - Gross Written
Premium in US$ Million for Segna, Seguros Popular,
Intercontinental de Seguros, Colonial de Seguros, and Cia.
De Seguros Palic (includes corresponding Graph/Chart) PC-450
Ecuador PC-450
Table 441: Ecuadorian Recent Past, Current & Future Analysis
for Non-Life Insurance Industry with Annual Premium Income in
US$ Million for the Years 2005 through 2009 (includes
corresponding Graph/Chart) PC-451
Non-Life Insurance Market - Major Players PC-451
Table 442: Leading Players in the Non-Life Insurance
Industry of Ecuador (2003) - Gross Written Premium in US$
Million for Colonial, Equinoccial, AIG Metropolitana,
Interoceanica, and Aseguradora del Sur (includes
corresponding Graph/Chart) PC-451
El Salvador PC-452
Table 443: El Salvador Recent Past, Current & Future Analysis
for Non-Life Insurance Industry with Annual Premium Income in
US$ Million for the Years 2005 through 2009 (includes
corresponding Graph/Chart) PC-452
Market Leaders - A Recent Past Perspective PC-452
Table 444: Insurance Industry of El Salvador (2003): Gross
Written Premium in US$ Million by Leading Companies for SISA
Vida, La Centro Americana, Compania General de Seguros,
Seguros e Inversiones, Aseguradora Suiza Salvadorena,
Aseguradora Agricola, Asesuisa Vida, Internacional de
Seguros, AIG Union y Desarrollo, and BBVA Seguros (includes
corresponding Graph/Chart) PC-453

Table 445: Leading Players in the Insurance Industry of El
Salvador (2002) - Gross Written Premium in US$ Million for
Aseguradora Suiza Salvadorena
SISA, Vida
Seguros e
Inversiones
La Centro Americana
and Compania General de
Seguros (includes corresponding Graph/Chart) PC-453
Guatemala PC-454
Leading Players: Non-Life Insurance PC-454
Table 446: Leading Players in the Non-Life Insurance
Industry of Guatemala (2003) - Gross Written Premium in US$
Million for G&T, Roble, General, Universales, and Occidente
(includes corresponding Graph/Chart) PC-454
Honduras PC-454
Leading Players: Non-Life Insurance Sector PC-454
Table 447: Honduran Non-Life Insurance Industry (2003):
Gross Written Premium in US$ Million by Leading Companies
for Ahorro, Atlantida, Interamericana, Aseguradora,
American, Continental, Crefisa, Previsa, Del Pais, and
Equidad (includes corresponding Graph/Chart) PC-455

Table 448: Leading Players in the Non-Life Insurance
Industry of Honduras (2002) - Gross Written Premium in US$
Million for Adhorro, Interamericana, Atlantida, Aseguradora,
and Continental (includes corresponding Graph/Chart) PC-455
Jamaica PC-455
Table 449: Jamaican Recent Past, Current & Future Analysis
for Non-Life Insurance Industry by Annual Premium Income in
US$ Million for the Years 2005 through 2009 (includes
corresponding Graph/Chart) PC-456
Non-Life Insurance Sector - Market Leaders PC-456
Table 450: Leading Players in the Jamaican Non-Life
Insurance Industry (2003) - Gross Written Premium in US$
Million for United General, NEM, Insurance Co. of West
Indies, Dyoll, and West Indies Alliance (includes
corresponding Graph/Chart) PC-456
Panama PC-457
Table 451: Panamanian Recent Past, Current & Future Analysis
for Non-Life Insurance Industry with Annual Premium Income in
US$ Million for the Years 2005 through 2009 (includes
corresponding Graph/Chart) PC-457
Non-Life Insurance Sector - Major Players PC-457
Table 452: Leading Players in the Non-Life Insurance
Industry of Panama (2003) - Gross Written Premium in US$
Million for ASSA, Compania Internacional, Compania Nacional,
Aseguradora Mundial, and Assicurazioni Generali (includes
corresponding Graph/Chart) PC-457
Peru PC-458
Table 453: Peruvian Recent Past, Current & Future Analysis
for Non-Life Insurance Industry with Annual Premium Income in
US$ Million for the Years 2005 through 2009 (includes
corresponding Graph/Chart) PC-458
Non-Life Insurance Sector - Market Leaders PC-458
Table 454: Leading Players in the Non-Life Insurance
Industry of Peru (2003) - Gross Written Premium in US$
Million for Rimac Internacional, El Pacifico Peruano Suiza,
La Positiva, Royal & SunAlliance, and Generali Peru
(includes corresponding Graph/Chart) PC-458
Trinidad and Tobago PC-459
Table 455: Trinidad and Tobago Recent Past, Current & Future
Analysis for Non-Life Insurance Industry with Annual Premium
Income in US$ Million for the Years 2005 through 2009
(includes corresponding Graph/Chart) PC-459
Major Players -Non-Life Insurance Sector PC-459
Table 456: Non-Life Insurance Industry in Trinidad and
Tobago (2003): Gross Written Premium in US$ Million by
Leading Companies for Chic, Algico, Maritime, Nemwil,
Colfire, Tatil, Beacon, Capital, GTM, and Gulf (includes
corresponding Graph/Chart) PC-459

Table 457: Leading Players in the Non-Life Insurance
Industry of Trinidad and Tobago (2002) - Gross Written
Premium in US$ Million for Algico, Chic, Nemwil, Colfire,
and Tatil (includes corresponding Graph/Chart) PC-460
Uruguay PC-460
Non-Life Insurance Sector - Market Leaders PC-460
Table 458: Uruguayan Non-Life Insurance Industry (2003):
Gross Written Premium in US$ Million by Leading Companies
for Banco de Seguros del Estado, Royal & SunAlliance, Porto
Seguro-Seguros, AIG Uruguay, Mapfre Uruguay, AXA Seguros,
Real Uruguaya, FAR, Compania Uruguaya de Seguros, and
Alianca de Bahia (includes corresponding Graph/Chart) PC-461

Table 459: Leading Players in the Non-Life Insurance
Industry of Uruguay (2002) - Gross Written Premium in US$
Million for Banco de Seguros del Estado, Royal &
SunAlliance, Porto Seguro-Seguros, AIG Uruguay, and Mapfre
Uruguay (includes corresponding Graph/Chart) PC-461
Venezuela PC-462
Table 460: Venezuelan Recent Past, Current & Future Analysis
for Non-Life Insurance Industry with Annual Premium Income in
US$ Million for the Years 2005 through 2009 (includes
corresponding Graph/Chart) PC-462
Leading Players PC-462
Table 461: Venezuelan Non-Life Insurance Industry (2003):
Gross Written Premium in US$ Million by Leading Companies
for Caracas de Liberty Mutual, Mercantil, Zurich, Mapfre,
Multinacional, Adriatica, Catatumbo, Bancentro, Nuevo Mundo,
and Previsora (includes corresponding Graph/Chart) PC-463

Table 462: Leading Players in the Venezuelan Non-Life
Insurance Industry (2002) - Gross Written Premium in US$
Million for Caracas de Liberty Mutual, Mercantil, Zurich
Seguros, Seguridad, and Multinacional de Seguros (includes
corresponding Graph/Chart) PC-463

6. Product Launches PC-464
Direct Line to Introduce Four New Commercial Insurance Policies PC-464
Zurich to Re-Launch its Home Solutions Product PC-464
Markel International Introduces Medical Malpractice Product PC-464
ICICI Lombard Introduces First Health Insurance Plan PC-464
Hiscox Rolls Out New Insurance Policies PC-465
BIBA Rolls Out Late-Night Entertainment Cover Product PC-465
AIG Launches AIG Passport(SM) PC-465
Golden Eagle Launches Solution for Commercial Businesses PC-465
Quadrant’s Nursing Home Liability Program Now in Texas PC-465

7. Recent Industry Activity PC-466
AmTrust Completes Acquisition of Associated Industries PC-466
Rockhill to Acquire RTW PC-466
AIG Acquires 21st Century Insurance Group PC-466
SICO USA Acquires Republic Insurance PC-466
Liberty Mutual Acquires Ohio Casualty PC-467
J.C. Flowers Acquires BISYS’ Retirement and Insurance Service
Division PC-467
Franklin Holdings’ Subsidiary Acquires James River Group PC-467
American Financial Group to Acquire Strategic Comp Holdings PC-467
USI Holdings Acquires Treadwell & Harry PC-468
W.R. Berkley Acquires American Mining Insurance PC-468
Endurance Acquires ARMtech PC-468
Alleghany Acquires EDC PC-468
Liberty Mutual Acquires Ohio Casualty PC-469
Brown & Brown Acquires Independent Insurance Associates PC-469
Brown & Brown Acquires Assets of Lloyd PC-469
Brown & Brown Acquires Assets of Professional Risk Managers
and PRM Group PC-469
Brown & Brown Acquires Island Risk Management PC-469
Brown & Brown Acquires JPMorgan’s Property and Casualty
Insurance Business PC-469
Brown & Brown Acquires Assets of Security Insurance and
Security Risk Managers PC-470
AIG Acquires Württembergische und Badische Versicherungs PC-470
Aviva Acquires two Hamilton Companies and Forms New Agreements
with HSBC PC-470
AXA to Acquire Ukrainian Insurance Alliance PC-470
AXA and UkrSibbank to Acquire Vesko PC-470
SNS REAAL Acquires AXA’s Dutch Insurance Operations PC-470
Kardan Acquires Stake in Sigma Albania PC-471
Enstar Australia Acquires AMP’s Australian Insurance Operations PC-471
Vienna Acquires Majority Stake in Sigma Sh.a. PC-471
Zurich Acquires Wrightway Underwriting PC-472
FIC Secures Chinese Regulatory Approval to Set Up an Insurance
Subsidiary PC-472
Cholamandalam MS Partners with IndusInd Bank PC-472
Bank of Maharashtra to Form Joint Venture for Non-life Insurance PC-472
Future Generali Commences Insurance Business in India PC-472
HDFC Divests General Insurance Stake to ERGO International PC-473
QBE Enters into Agreement with Rajan Raheja Group PC-473
ICICI and SCB to Form Alliance PC-473
DRB-HICOM to Divest Interests in Insurance Businesses PC-474
AXA Enters into Strategic Partnership with Bao Minh Insurance PC-474
Royal & Sun Alliance to Take Over Canadian Northern Shield PC-474
GAINSCO Divests General Agents Insurance Company PC-474
AXA & BMPS to Form a Strategic Partnership PC-475
HSBC Enters into Joint Venture with Aviva PC-475
Unitrin to Divest Unitrin Business Insurance PC-475
Unitrin to Divest UBI to AmTrust PC-475
Western National and Farmers Home Policyholders Support Merger
Plan PC-475
ING Divests Insurance Belgium PC-475
Allianz Cornhill Collaborates with Game PC-476
Liberty Mutual to Buy Ohio Casualty PC-476
Alleghany to Acquire Employers Direct Corp. PC-476
Navigators Group Expands Excess Casualty Capacity PC-476
Goldman Sachs to Takeover USI Holdings PC-476
Houston General to Offer P&C Insurance in Illinois PC-476
Bank of America to Form JV with Lloyds PC-476
QBE Buys Out Winterthur PC-477
First Harrison Bank to Divest P&C Business PC-477
Groupama Buys Stake in Basak PC-477
Life of the South Takes Over Lyndon Southern Insurance PC-477
Affordable Residential Communities Acquires NLASCO PC-477
Delek Acquires Republic Cos PC-477
Murray Insurance Buys Out Lancaster Insurance PC-477
Hartford Divests Omni Insurance Group PC-478
Cairnstone Re Completes Acquisition of CapRisk PC-478
Gard Services Snaps Up Trimar Defence PC-478
AJB Ventures Acquires Administrators For The Professions PC-478
HSBC to Form JV with Norwich Union PC-478
TrygVesta & Nordea Enters Finnish Insurance Market PC-478
QBE Group Acquires Seguros Cumbre PC-478
NICON Acquires UBA PC-479
Zurich Purchases Majority Stake in Nasta PC-479
Allianz to Take Over Commerce Assurance PC-479
Alpha Bank Sells Alpha Insurance PC-479
HDFC to Acquire Chubb’s Stake PC-479
Sompo Japan Acquires Stake in Universal Sompo PC-479
Pohjola Group Merges with Parent Company PC-480
Zurich Enters Belgium and Italian Markets PC-480
Hanover to Buy Professionals Direct PC-480
SS Nesbitt to Buy ANB Insurance Services PC-480
Flowers Negotiates with Prospects for Sale of Wuba PC-480
Boustead Holdings to Buy 45% Stake in Royal & SunAlliance
Insurance PC-480
ACE Enters Vietnam’s Non-Life Sector PC-480
Calliden to Buy AU’s General Insurance Units PC-481
Lexington Insurance Opens Office in Bermuda PC-481
China Postal Group to Setup Insurance Firm PC-481
KBC Takes Over DZI Insurance PC-481
Generali Enters Bulgarian Insurance Market PC-481
Catlin To Acquire Wellington Underwriting PC-481
Royal & SunAlliance Plans Acquisition of Martello Underwriting PC-482
Liverpool Victoria Snaps Up ABC Insurance PC-482
Lloyds TSB Acquires Pearl’s General Insurance Business PC-482
CFS Forms a New Wing for General Insurance PC-482
AIG Buys Out Central Insurance PC-482
CIGNA to Buy Stake in Thai Charoen Insurance PC-483
Cheung Kong Purchases Minority Stake in Ming An PC-483
Insurance Australia to Buy Stake in China Pacific PC-483
AXA to Take Over Winterthur PC-483
HSBC France to Buy Remaining Stake in Erisa and Erisa IARD PC-483
Swiss Re Snaps Up GE Insurance Solutions PC-483
Hinduja Group Scouts European Alliance on General Insurance
and Life Insurance PC-484
Rainier Pacific Acquires Two P&C Insurers PC-484
CTG Takes Over Flood Zone PC-484
Guaranty Insurance Services Snaps Up Walter Mortensen PC-484
Capital One Financial on a Vertical Integration Drive PC-484
Beneficial Insurance Services Acquires Paul Hertel & Co. PC-484
Equus Acquires Dunnottar PC-484
Firemans Acquires International Film Guarantors PC-485
Brown & Brown’s Acquisition Spree Undaunted PC-485
Chinese Auto Insurance Sector Gears up for a Big Bang Entry of
SAIC PC-485
Sentry Insurance Acquires ALF Insurance Agency PC-485
Hilb Rogal Acquires Extra Dimensions PC-485
Arthur Acquires Marine Insurance PC-485
United America Integrates Penn America’s Operations PC-486
BIG Acquires Two Insurance Agencies PC-486
The South Financial Acquires Lossing Insurance PC-486
HCC Acquires MIC Life Insurance PC-486
Lawson-Hawks Acquires USI’s Property and Casualty Business PC-486
Brown & Brown Acquires Timothy R. Downey PC-486
USI Holdings Acquires HRB Benefits Group PC-486
Honua Investment Acquires Minority Interest in SechungChemical PC-486
Principal Financial Group Buys Stake in Avani Insurance Services PC-487
USI Holdings Acquires Winthrop Insurance PC-487
Wachovia Securities Buys Stake in Zenith PC-487
NELX Acquires West Virginia Fire & Casualty PC-487
Sentry Insurance Acquires Viking Insurance PC-487
Mercer Insurance Acquires Financial Pacific Insurance PC-487
Hull & Co Acquires E & S Brokerage Services PC-487
Brown & Brown Acquires AAI PC-487
USI Holdings Acquires Humanex Inc., and Richard B. Cross &
Associates PC-487
Brown & Brown Acquires BeneTec Inc PC-488
Beazley Group Acquires OPCI PC-488
ING Chile Divests Subsidiary PC-488
Aon Corp Acquires Lange SA PC-488
Adams County Buys Russell Insurance PC-488
Brown & Brown Acquires American Specialty Cos PC-488
Sky Financial Acquires Steiner Insurance PC-488
Rockhill Acquires United Coastal Insurance Co PC-488
HCC Acquires Illium Insurance PC-488
Brown & Brown Acquires Weible & Cahill LLC PC-489
Oswald Cos Picks Up J A Ice & Associates PC-489
National Interstate Insurance Acquires Triumphe Casualty PC-489
Hellman and Friedman Jointly Acquires St. Paul Travelers PC-489
USI Acquires Cross & Associates PC-489
Equus Acquires 1st Metro Insurance PC-489
CSI Acquires ComSearch Inc PC-489
Aegon USA Acquires Global Preferred Re PC-489
CAA Acquires USHealth PC-489
AmTrust to Acquire Alea PC-490
Farm Bureau to Acquire Crop 1 PC-490
Euclid Insurance to Acquire Environmental Insurance PC-490
Acordia Acquires M.J. Beaven PC-490
First Niagara Signs Agreement with LA Lama PC-490
International Insurance Brokers Enters into Agreement with
Team Bank PC-490
USI Holdings Enters into an Agreement with Patterson Smith PC-490
Tower Group Inks Agreement with American Lumber Insurance PC-490
HSBC to Up Stake in Ping An Insurance PC-490
Samsung Makes Footprints in Chinese Insurance Market PC-491
Allianz to Expand its Business in China PC-491
Twelve New Branches From Huaan Insurance Company PC-491
Century American Finds a New Owner PC-491
HSBC Brazil to Divest Property and Casualty Insurance Business PC-491
SIGI Divests Subsidiary for Over US$15 million PC-491
GAIC Puts up Stake in Cincinnati Reds for Sale PC-491
AmWINS Wraps up Divestiture of Stake to Parthenon Capital PC-492
Rakuten to Enter Non-Life Insurance Business PC-492
AIU to Tap Japanese Trade Insurance Market PC-492
Prestbury Holdings to Launch General Insurance PC-492
CCI Seeks Roadmap to Insurance Market in Chinese Mainland PC-493
Australian BE Group to Enter Czech Republic Insurance Market PC-493
Cardif Announces Plans to Tap Latvian Insurance Market PC-493
Benchmark Causes Vibes in Investment Property Insurance PC-493
Frontier Insurance Group Files for Liquidation PC-493

8. Strategic Developments in the Recent Past PC-494
CBSS Takes Over Sevier Insurance Agency PC-494
USI Holdings Strings Diversified, Bertholon and Summit Global
Partners under One Umbrella PC-494
Vesta USK Acquires Garant-Pharm PC-494
Brown & Brown Growing Strength to Strength PC-494
A Sneak Peek into Brown’s Acquisitions During 2004 PC-496
Delaware Valley Acquires Zimmerman Specialty Insurance
Brokerage Inc PC-496
Hub International Acquires Bush Cotton PC-497
Sandy Spring Insurance Acquires Sandy Spring Bancorp Inc. PC-497
Sky Financial Group Acquires Spencer-Patterson Agency PC-497
FNB Corp Acquires Morrel Butz & Junker PC-497
ENB Insurance Acquires Ulrich PC-497
Brown & Brown Acquires Niagara Insurance Group PC-497
Milne Scali & Co Acquires Finkbeiner Agency PC-497
National Penn Bancshares Acquires D.E. Love Associates PC-498
Hilb Rogal Acquires Casey Wolfe PC-498
Arthur J Gallagher Acquires Persac Insurance Agency PC-498
Hilb Acquires Assets of Rose Smith Tucker PC-498
Frontenac Acquires WNC Insurance Services Inc. PC-498
USI Holdings Acquires Dodge Warren & Peters PC-498
Rose & Kiernan Acquires The Daniels Agency PC-498
Coface Acquires Arkwright Insurance PC-498
Protective Underwriting, Wand and Inverness Acquire American
Independent PC-499
Odyssey Re Holdings Plans to Acquire Overseas Partners US
Reinsurance PC-499
Scandent Acquires Stake in Cambridge Integrated Services PC-499
American Management Acquires Embassy Insurance and Cargill
Sherman PC-499
Brown & Brown Acquires The McDuffee Insurance Agency PC-499
FCB Acquires Smith & Associates PC-499
Fidelity Insurance Acquires ACT Action Insurance PC-499
Arthur Acquires Burch Marcus PC-500
Senn Dunn Acquires Corpening Insurance Center PC-500
Stanton Acquires Harris-Homeyer PC-500
Temple-Inland Acquires TCT Insurance PC-500
GNW Insurance Services LLC to Acquire Evergreen Insurance
Services PC-500
JumpStart Acquires Stake in Cleverland Holdings PC-500
Advent International Acquires Stake in J Malucelli PC-500
North American Group Acquires Commercial Insurance Service PC-500
HCC Insurance Acquires CineFinance PC-501
Goldman Sachs Acquires Endurance Specialty PC-501
Sitzmann Morris & Lavis Acquires James J Barnes Insurance
Services PC-501
Hilb Rogal Acquires Smith Bell & Thompson PC-501
Certified Services Acquires Kenneth I Tobey PC-501
Peoples Insurance Agency to Acquire Putnam Agency PC-501
Crawley Warren Acquires International Space Brokers PC-501
Swanson Acquires Dime Insurance PC-501
Wm Rigg Acquires Webber PC-502
MMI Acquires Certain Operations of Liberty Mutual Group PC-502
Lawley-Andolina LLC Acquires Luellen Insurance PC-502
Hartland Insurance Acquires Bosquett PC-502
Acordia Acquires Baldwin & Whitney PC-502
Milne Scali Acquires IAS PC-502
Hilb Rogal & Hamilton Acquires Banack Insurance PC-502
Arthur J. Gallagher & Co Acquires Johnsey Insurance Agency PC-502
CJD & Associates Acquire Texas All Risk PC-503
COUNTRY Insurance & Financial Services to Acquire MSI
Insurance Co PC-503
Direct Insurance Agrees to Acquire AII PC-503
Univest Agrees to Acquire Donald PC-503
Milne Scali Acquires Assets of Richard Q Perry PC-503
Arthur J Gallagher Acquires Specialty Advisory Services PC-503
Senn Dunn Acquires Sterling Financial Services PC-503
Hilb Rogal Acquires The Federau Group PC-504
Arthur Acquires OBrien PC-504
AIG to Acquire Insurance Portfolio of the Royal & Sun PC-504
Arthur J Gallagher Acquires balance fifty percent of Risk
Management Partners PC-504
United National Group Ltd, to Acquire Penn Independent Corp PC-504
Hilb Rogal Acquires TJ Adams Group PC-504
Arthur J Gallagher & Co Acquires Don Laster Agency PC-505
Addison York Acquires the Assets of Al Vinciguerra PC-505
Delaware Valley Acquires Zimmerman Specialty Insurance
Brokerage Inc PC-505
Combined Services Extend Fort’s Life PC-505
Arthur J Gallagher & Co Acquires Health Care Insurers PC-505
CDC to Purchase Saga Ltd PC-505
BaoViet and BaoMinh Join Hands PC-505
Promina’s Vero forms Joint Venture with CTIL PC-505
Arthur J Gallagher & Co Acquires I. Arthur Yanoff & Co Ltd PC-506
Aon Acquires Remaining Stake in Aon Inchibrok PC-506
Marsh Acquires the Australian Operations of Heath Lambert Group PC-506
Banknorth Group to Acquire Drake, Swan & Crocker Insurance Agency PC-506
Hancock Bank to Acquire Ross-King-Walker PC-506
Business Venture Enters into Agreement to Acquire Stake in Aon
South PC-506
Assurance America Acquires Thomas-Cook Holding PC-506
Gateway Insurance Services Acquires Whitehurst PC-507
Trustmark Investment Advisors Acquires Fisher-Brown PC-507
Kibble & Prentice Acquires BGI Inc PC-507
Woronoco Bancorp Acquires The Colton Agency PC-507
Primary Group Acquires Site Inspections PC-507
Jack Henry Acquires Banc Insurance PC-507
Peoples Insurance Acquires Barengo Insurance PC-507
First Western Trust Bank Acquires Westcor Insurance Group PC-507
Bailey Insurance Agency Acquires Gooder Agency PC-508
CJ McCarthy Acquires Lyman Insurance and Conly-Lyman Insurance PC-508
BB&T Insurance Services to Acquire D & Ls LLC PC-508
Bankers Insurance Acquires Cabell Insurance PC-508
Glens Falls National Bank Acquires Capital Financial Group PC-508
Northeast Financial Services Acquires Sargent Insurance Agency PC-508
Assurance America Acquires The Insurance Market PC-508
National Penn Acquires Pennsurance PC-508
First Financial Holdings Acquires Kimbrell PC-509
Hub International Acquires Talbot Financial Unit PC-509
Summit Financial Group Acquires Sager Insurance Agency PC-509
Wells Fargo Acquires Speare & Co. PC-509
Sky Financial Group Acquires EOB PC-509
Primary Acquires Benchmark Management PC-509
Mercer Human Resource Consulting Acquires RCM Consulting Group PC-509
Hansabank Acquires LDGD PC-510
Liberty Mutual Acquires Winterthur Pensoes PC-510
Hilb Rogal & Hamilton Acquire Freberg Group PC-510
COUNTRY Acquires Cotton Life PC-510
Wells Fargo Acquires Malenas Insurance PC-510
Leesport Acquires CrosStates PC-510
Universal American Buys Marketing Business of GRLIC PC-510
Community Bank Acquires YIP PC-511
B&C Acquires Augusta Operations of Palmer & Cay PC-511
BankNorth Purchases B&D PC-511
Webster Purchases M&M Co PC-511
River James Group Acquires FESIC PC-511
HFSG Acquires Group Benefits Business of CNA PC-511
BISYS Acquires USA Insurance PC-511
Donegal Group Purchases Stock of Peninsula Insurance Co PC-511
FCIS Purchases Piedmont Insurance PC-511
Donegal Group Acquires Le Mars PC-512
ONB Acquires IRM PC-512
Greater Bay Takes Over Sullivan & Curtis Insurance Brokers PC-512
Alleghany Corp. Buys Royal Specialty Underwriting Inc PC-512
B&B Purchases Assets of BHI PC-512
LMG Acquires US P&C Operations from Prudential PC-512
PSIMC Buys Prudential P&C Insurance Co of New Jersey PC-512
ESHL Purchases Reinsurance Business of HartRe Co LLC PC-512
ONB Acquires JWIAI PC-512
Wm Rigg Co Buys Assets of RLIAI PC-513
B&B Acquires the Assets of ESIEI PC-513
Fox & Paine Co LLC Buys UNGL PC-513
Compass Bancshares Inc Acquires MMT PC-513
RIG Purchases Great American’s Worldwide Insurance Co PC-513
BB&T Corp Acquires Mc Griff S&W PC-513
B&B Purchases Bailey Gosling Associates PC-513
First Financial Acquires Woodruff & Co Inc PC-513
St. Paul Merges with Travelers Property Casualty Corp PC-513
USI Holdings Acquires BMI Insurance Services PC-514
Buckner Group Buys H&A PC-514
Ace Acquires Stake in Huatai Insurance PC-514
Alleghany Acquires Capitol Transamerica PC-514
Allianz Buys 49% Stake in JV with AGF Insurance PC-514
Brown & Brown Acquires Two Insurance Companies PC-514
Canadian Risk Management Council Renamed PC-514
DCM Shriram Consolidated and Zurich Financial Sign MOU PC-515
Dill Joyce & Thresher, and Wertheim-Eilers Merge PC-515
Euclidian and IFAct Form a General Insurance Network PC-515
Heritage Underwriting Establishes Lloyd’s Syndicate PC-515
HSBC Holdings Acquires 10% Stake in Ping An Insurance PC-515
Insurance Services Office and Insurers’ Advisory Organization
Ally PC-516
Insurers’ Advisory Organization and Insurance Services Office
Ally PC-516
International Finance Buys 15% Stake in Allianz’s Vietnam
Insurance Operations PC-516
Argonaut Acquires Fulcrum Insurance Co. PC-516
Marks & Spencer Offers Pet Insurance PC-516
Safeco Select Insurance Services Renamed PC-516
Societa Assicuratrice & Allies Pick Up Stake in La Fondiaria PC-517
State National Specialty Insurance Receives Approval PC-517
Suncorp Metway Acquires AMP’S Stake in JV PC-517
Susquehanna Acquires Addis Group PC-517
Trinity Universal Acquires Kemper’s Personal P/C Business PC-518
Waypoint Financial Acquires Insurers Brokers of York PC-518
Yasuda and Nissan Merge PC-518
AXA Buys Hong Kong Marine Business of Markel PC-518
First Bancorp Acquires Two Companies PC-518
Royal & Sun Alliance Buys Loss Adjustment Unit PC-518

9. Focus on Select Players Worldwide PC-519
Allianz SE, Germany - World’s Largest P&C Insurer PC-519
Allianz Cornhill, UK PC-519
American International Group, Inc., US PC-519
American Home Assurance Company, Singapore PC-520
Assicurazioni Generali, Italy PC-520
Aviva Plc, UK PC-520
Bank of China Group Insurance Co, Ltd PC-520
Baoviet (Vietnam Insurance Corp.), Vietnam PC-521
Britannia Life, UK PC-521
C.N.A. Insurance, US PC-521
Ceska Pojistovna AS, Czech Republic - Largest Insurer in the
Czech Republic PC-521
CGU Insurance, Australia PC-522
China Pacific Property Insurance Co., Ltd, China. PC-522
Chubb Corp., US PC-522
Equity Insurance Group Ltd, UK PC-523
CSOB Pojistovna, Czech Republic - Fourth Largest Insurer in
the Czech Republic PC-523
Danica Pension, Denmark PC-524
Debeka Krankenversicherungsverein, Germany - A Leading Insurer
in Germany PC-524
Direct Line, UK PC-524
Ecclesiastical Insurance Group, UK PC-524
Farmers Insurance Group, US PC-524
Fennia Group, Finland PC-525
Fidelity National Financial, US PC-525
GE Insurance Solution, US PC-525
General Insurance Corp., India PC-526
Generali -Providencia, Hungary PC-526
Atradius, Germany PC-526
Groupama, France PC-527
Hannover Re Group, Germany PC-527
Hartford Financial Services Group, Inc., US PC-527
Hiscox Ltd, UK PC-527
ING Group NV, Netherlands - A Leading Global Life Insurer PC-528
ING Canada Inc., Canada PC-528
Insurance Australia Group Ltd. (IAG), Australia PC-529
Kooperativa Pojistovna, Czech Republic PC-529
Liberty Mutual Group, US PC-529
Liberty Mutual Insurance Company, US PC-529
Legal & General Group Plc, UK PC-530
Markel International Ltd., UK PC-530
MBIA Insurance Corp., US PC-530
Metropolitan Life Insurance Co., US PC-530
Millea Holdings, Inc., Japan PC-531
Mitsui Sumitomo Insurance Company, Ltd., Japan PC-531
NatWest Life, UK PC-531
NFU Mutual Insurance Co., UK PC-532
NTUC Income, Singapore PC-532
Pacifica, France PC-532
PICC Property and Casualty Company Ltd., China PC-532
Pingan Insurance Co., China PC-533
Prudential Financial, US PC-533
PT Asuransi Tokio Marine Indonesia, Indonesia PC-533
PT Panin Insurance, Indonesia PC-534
PT Tugu Pratama Indonesia PC-534
QBE Insurance Group, Australia PC-534
RESO-Garantia, Russia PC-534
Royal & Sun Alliance Insurance Group, UK PC-535
Sampo Insurance Co., Finland PC-535
ING Seguros Comercial America S.A. de C.V., Mexico PC-535
Skandia Insurance Company, Sweden PC-536
Sompo Japan Insurance Inc., Japan PC-536
State Farm Mutual Automobile Insurance Company, US PC-536
St. Paul International Insurance Co. Ltd., UK PC-536
Suncorp Metway Insurance Ltd, Australia PC-537
Swiss Reinsurance, Switzerland - Leading P&C Insurer in the World PC-537
Tapiola, Finland PC-537
The Prudential Assurance Co. Ltd, Hong Kong PC-537
Millea Holdings, Japan PC-538
Topdanmark, Denmark PC-538
The Travelers Companies, Inc, US PC-538
Tryg Skade, Denmark PC-538
United Services Automobile Association Group, US PC-538
Zurich Financial Services, Switzerland PC-539
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  • Allianz SE, Germany - World’s Largest P&C Insurer P
  • Allianz Cornhill, UK P
  • American International Group, Inc., US P
  • American Home Assurance Company, Singapore P
  • Assicurazioni Generali, Italy P
  • Aviva Plc, UK P
  • Bank of China Group Insurance Co, Ltd P
  • Baoviet (Vietnam Insurance Corp.), Vietnam P
  • Britannia Life, UK P
Note: Product cover images may vary from those shown
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