The Insurance Industry in Antigua and Barbuda, Key Trends and Opportunities to 2017

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "The Insurance Industry in Antigua and Barbuda, Key Trends and Opportunities to 2017"

Transcription

1 The Insurance Industry in Antigua and Barbuda, Key Trends and Opportunities to 2017 Market Intelligence Report Reference code: IS0276MR Published: May Timetric John Carpenter House 7 Carmelite Street London EC4Y 0BS United Kingdom Tel: +44 (0) Fax: +44 (0)

2 EXECUTIVE SUMMARY 1 Executive Summary Antigua and Barbuda have a small insurance industry, encompassing a population of 88,000. Given its size, the insurance industry is overcrowded with 25 active companies. In terms of distribution, the competition is moderate with eight active agents and two active brokers in the domestic insurance industry. In terms of written premium value, the Antigua and Barbuda insurance industry recorded a CAGR of 3.4% during the review period. The growth is primarily driven by life insurance. The repercussions of the declining economy have not been significantly reflected on the growth of insurance industry. The year-onyear growth of the economy fell by 10.6%, 6.1% and 1.7% in 2009, 2010 and 2011 respectively. The economy recovered in 2012 and is expected to further strengthen over the forecast period. This, in turn, is anticipated to reinforce the growth of insurance industry over the same period. High retention rate during the review period Premium retention during the review period has been relatively high in Antigua and Barbuda, particularly in the non-life segment. The retention rate is expected to increase further over the forecast period. High retention rate reflects strong in-house underwriting risk appetite. Low combined ratio and loss ratio depicts lucrative prospects for insurers The insurance industry in Antigua and Barbuda registered low combined ratio and loss ratio throughout the review period across life and non-life segments. Low combined ratio implies high underwriting profits for insurers, reflecting the attractiveness of the industry. Crime and poverty limiting economic growth Crime and poverty are the major issues in Antigua and Barbuda and are likely to adversely impact tourism, which constitutes over 50% of the country s GDP. This, in turn, is expected to impact the financial services industry, including insurance, which is highly correlated with the economic growth. The Insurance Industry in Antigua and Barbuda, Key Trends and Opportunities to 2017 Page 2

3 TABLE OF CONTENTS TABLE OF CONTENTS 1 Executive Summary Introduction What is this Report About? Definitions Methodology Antigua and Barbuda Insurance Industry Overview Antigua and Barbuda Insurance Industry Regulation Industry Segmentation Life Insurance Non-Life Insurance Reinsurance Competitive Landscape Leading Companies Antigua Insurance Company Limited company overview State Insurance Corporation company overview Sagicor company overview ABI Insurance company overview People s Insurance Company Ltd company overview Macroeconomic Indicators Household Final Consumption Expenditure (US$ Billion) Agriculture, Hunting, Forestry, Fishing Output (US$ Million) GDP at current prices (US$ Billion) Construction output (US$ Million) Inflation Rate (%) Total population Manufacturing output (US$ Billion) Mining, Manufacturing, Utilities output (US$ Billion) Exports of Goods and Services (US$ Billion) Appendix Methodology Contact Us About Timetric Disclaimer The Insurance Industry in Antigua and Barbuda, Key Trends and Opportunities to 2017 Page 3

4 TABLE OF CONTENTS LIST OF FIGURES Figure 1: Antigua and Barbuda Insurance Overall Written Premium by Segment (XCD Million), Figure 2: Antigua and Barbuda Insurance Dynamics by Segment, Figure 3: Antigua and Barbuda Life Insurance Written Premium (XCD Million), Figure 4: Antigua and Barbuda Life Insurance Written Premium (XCD Million), Figure 5: Antigua and Barbuda Life Insurance Paid Claims (XCD Million), Figure 6: Antigua and Barbuda Life Insurance Paid Claims (XCD Million), Figure 7: Antigua and Barbuda Life Insurance Incurred Loss (XCD Million), Figure 8: Antigua and Barbuda Life Insurance Incurred Loss (XCD Million), Figure 9: Antigua and Barbuda Life Insurance Loss Ratio (%), Figure 10: Antigua and Barbuda Life Insurance Loss Ratio (%), Figure 11: Antigua and Barbuda Life Insurance Combined Ratio (%), Figure 12: Antigua and Barbuda Life Insurance Combined Ratio (%), Figure 13: Antigua and Barbuda Life Insurance Retentions (XCD Million), Figure 14: Antigua and Barbuda Life Insurance Retentions (XCD Million), Figure 15: Antigua and Barbuda Life Insurance Penetration (Percentage of GDP), Figure 16: Antigua and Barbuda Life Insurance Premium Per Capita (XCD), Figure 17: Antigua and Barbuda Non-Life Insurance Written Premium (XCD Million), Figure 18: Antigua and Barbuda Non-Life Insurance Written Premium (XCD Million), Figure 19: Antigua and Barbuda Non-Life Insurance Paid Claims by Category (XCD Million), Figure 20: Antigua and Barbuda Non-Life Insurance Paid Claims (XCD Million), Figure 21: Antigua and Barbuda Non-Life Insurance Incurred Loss (XCD Million), Figure 22: Antigua and Barbuda Non-Life Insurance Incurred Loss (XCD Million), Figure 23: Antigua and Barbuda Non-Life Insurance Loss Ratio (%), Figure 24: Antigua and Barbuda Non-Life Insurance Loss Ratio (%), Figure 25: Antigua and Barbuda Non-Life Insurance Combined Ratio (%), Figure 26: Antigua and Barbuda Non-Life Insurance Combined Ratio (%), Figure 27: Antigua and Barbuda Non-Life Insurance Retentions (XCD Million), Figure 28: Antigua and Barbuda Non-Life Insurance Retentions (US$ Million), Figure 29: Antigua and Barbuda Non-Life Insurance Penetration (Percentage of GDP), Figure 30: Antigua and Barbuda Non-Life Insurance Premium Per Capita (XCD), Figure 31: Antigua and Barbuda Reinsurance Ceded by Insurance Segment (XCD Million), Figure 32: Antigua and Barbuda Reinsurance Dynamics by Insurance Segment, Figure 33: Antigua and Barbuda Life Insurance Percentage of Reinsurance Ceded (%), Figure 34: Antigua and Barbuda Life Insurance Percentage of Reinsurance Ceded (%), Figure 35: Antigua and Barbuda Non-life Insurance Percentage of Reinsurance Ceded (%), Figure 36: Antigua and Barbuda Non-Life Insurance Percentage of Reinsurance Ceded (%), Figure 37: Antigua and Barbuda Final Consumption Expenditure (US$ Billion), Figure 38: Antigua and Barbuda Agriculture, Hunting, Forestry, Fishing Output (US$ Million), Figure 39: Antigua and Barbuda GDP at Current Prices (US$ Billion), Figure 40: Antigua and Barbuda Construction Output (US$ Million), Figure 41: Antigua and Barbuda Inflation Rate (%), Figure 42: Antigua and Barbuda Total Population (Million), Figure 43: Antigua and Barbuda Manufacturing Output (US$ Billion), Figure 44: Antigua and Barbuda Mining, Manufacturing, Utilities Output (US$ Billion), Figure 45: Antigua and Barbuda Exports of Goods and Services (US$ Billion), The Insurance Industry in Antigua and Barbuda, Key Trends and Opportunities to 2017 Page 4

5 TABLE OF CONTENTS LIST OF TABLES Table 1: Insurance Industry Definitions... 6 Table 2: Antigua and Barbuda Insurance Overall Written Premium by Segment (XCD Million), Table 3: Antigua and Barbuda Insurance Overall Written Premium by Segment (US$ Million), Table 4: Antigua and Barbuda Insurance Overall Written Premium by Segment (XCD Million), Table 5: Antigua and Barbuda Insurance Overall Written Premium by Segment (US$ Million), Table 6: Antigua and Barbuda Insurance Segmentation (%), Table 7: Antigua and Barbuda Life Insurance Written Premium (XCD Million), Table 8: Antigua and Barbuda Life Insurance Written Premium (XCD Million), Table 9: Antigua and Barbuda Life Insurance Paid Claims (XCD Million), Table 10: Antigua and Barbuda Life Insurance Paid Claims (XCD Million), Table 11: Antigua and Barbuda Life Insurance Incurred Loss (XCD Million), Table 12: Antigua and Barbuda Life Insurance Incurred Loss (XCD Million), Table 13: Antigua and Barbuda Life Insurance Loss Ratio (%), Table 14: Antigua and Barbuda Life Insurance Loss Ratio (%), Table 15: Antigua and Barbuda Life Insurance Combined Ratio (%), Table 16: Antigua and Barbuda Life Insurance Combined Ratio (%), Table 17: Antigua and Barbuda Life Insurance Retentions (XCD Million), Table 18: Antigua and Barbuda Life Insurance Retentions (XCD Million), Table 19: Antigua and Barbuda Non-Life Insurance Written Premium (XCD Million), Table 20: Antigua and Barbuda Non-Life Insurance Written Premium (XCD Million), Table 21: Antigua and Barbuda Non-Life Insurance Market Paid Claims (XCD Million), Table 22: Antigua and Barbuda Non-Life Insurance Paid Claims (XCD Million), Table 23: Antigua and Barbuda Non-Life Insurance Incurred Loss (XCD Million), Table 24: Antigua and Barbuda Non-Life Insurance Incurred Loss (XCD Million), Table 25: Antigua and Barbuda Non-Life Insurance Loss Ratio (%), Table 26: Antigua and Barbuda Non-Life Insurance Loss Ratio (%), Table 27: Antigua and Barbuda Non-Life Insurance Combined Ratio (%), Table 28: Antigua and Barbuda Non-Life Insurance Combined Ratio (%), Table 29: Antigua and Barbuda Non-Life Insurance Retentions (XCD Million), Table 30: Antigua and Barbuda Non-Life Insurance Retentions (XCD Million), Table 31: Antigua and Barbuda Reinsurance Ceded by Insurance Segment (XCD Million), Table 32: Antigua and Barbuda Reinsurance Ceded by Insurance Segment (US$ Million), Table 33: Antigua and Barbuda Reinsurance Ceded by Insurance Segment (XCD Million), Table 34: Antigua and Barbuda Reinsurance Ceded by Insurance Segment (US$ Million), Table 35: Antigua and Barbuda Life Insurance Percentage of Reinsurance Ceded (%), Table 36: Antigua and Barbuda Life Insurance Percentage of Reinsurance Ceded (%), Table 37: Antigua and Barbuda Non-life Insurance Percentage of Reinsurance Ceded (%), Table 38: Antigua and Barbuda Non-Life Insurance Percentage of Reinsurance Ceded (%), Table 39: Antigua Insurance Company Limited, Main Products Table 40: State Insurance Corporation, Main Products Table 41: Sagicor, Main Products Table 42: Sagicor, Key Employees Table 43: ABI Insurance, Main Products Table 44: People s Insurance Company Ltd, Main Products Table 45: People s Insurance Company Ltd, Key Employees The Insurance Industry in Antigua and Barbuda, Key Trends and Opportunities to 2017 Page 5

6 INTRODUCTION 2 Introduction 2.1 What is this Report About? This report is the result of extensive research into the Antigua and Barbuda Insurance industry, covering the market dynamics and competitive landscape. It provides insights on the market size of, and forecast for, the life, non-life insurance and reinsurance segments. This report also provides an overview of the leading companies in the insurance industry. 2.2 Definitions All data is collected in local currency. Conversions into US dollars (US$) of current and forecast data are made at the 2012 average annual conversion rate. Most values are displayed to one decimal place, and growth rates may therefore appear inconsistent with absolute values due to rounding. For the purposes of this report the review period is and the forecast period is The key insurance industry terms in the report are defined below: Table 1: Insurance Industry Definitions Term Ceding company Incurred loss Claim ratio Definition A primary insurer which transfers some of its insurance risk by ceding a proportion of its total written premium through a reinsurance contract. The sum of claims paid by an insurance company and the change in the provision for outstanding claims irrespective of whether or not they have been reported. Claims payable as a percentage of premium income. Commission and expenses Comprehensive loss ratio Earned premium Endowment policy Facultative reinsurance Gross claim Gross written premium Group annuity Insurance density and penetration Insurance fraud The sum of acquisition cost and administrative cost. The acquisition cost is the percentage of a premium produced that is retained as compensation by insurance agents and brokers. The ratio of claims incurred to net premium earned. The amount of money considered to have been earned on a policy by an insurer. It is calculated by multiplying the original premium by the percentage of the policy s term which has expired without a claim being made. A scheme in which the term of the policy is defined for a specified period, such as 15, 25 or 30 years. The insurer pays the claim to the family of the assured in an event of his or her death within the policy's term or in an event of the assured surviving the policy's term. An arrangement for separate reinsurance for each risk that the primary insurer underwrites. The reinsurer can accept or reject any risk presented by the primary insurer seeking reinsurance. The amount payable by an insurance company before allowances is made for credits that may be due in the form of reinsurance, subrogation or salvage. The total amount of premiums (before deduction of reinsurance costs) customers are required to pay for insurance policies written during the year. A life insurance scheme providing annuities at retirement to a group of people under a single contract. It is usually bought by an employer for the benefit of its employees. The percentage of total written premium to the country s GDP. Any act committed with the intent to obtain payment from an insurer through fraudulent means. The Insurance Industry in Antigua and Barbuda, Key Trends and Opportunities to 2017 Page 6

7 INTRODUCTION Table 1: Insurance Industry Definitions Term Lapsed policy Definition A policy which is terminated due to the non-payment of the premium. Loss ratio Liability insurance The ratio of total losses paid out in the form of claims plus adjustment expenses divided by the total earned premium. A type of insurance that covers legal claims by third parties against the insured. Loss reserve The estimated amount of claims incurred but not yet settled. Maturity claim The payment made to a policyholder at the end of the stipulated term of a term life insurance policy. Per capita premium The ratio of the total written premium to the country s total population. Premium ceded The share of premiums transferred to a reinsurance company by a primary insurer. Single-premium life insurance policy A life insurance scheme in which a lump sum is paid into the policy in return for an assured sum of money in the event of the policyholder s death. Term insurance A life insurance scheme that provides protection for a specified period, usually between five and 20 years. The policy expires without value if the insured survives the stated period. Treaty reinsurance Direct marketing E-commerce A reinsurance agreement applying to the reinsurance of a class or some classes of business, instead of an individual risk. Direct Marketing channels for insurance policies include insurance companies sales forces, telemarketing, postal mail, , call centers and mobile phones. The distribution of insurance policies online through a company or third-party website. Agencies Insurance brokers Bancassurance Other distribution channels Source: Timetric analysis Individuals and corporate agencies which are licensed to sell insurance for one or more specific insurance companies. Individuals or businesses which sell insurance policies, and advise and represent the policyholder. They differ from insurance agents, which act on the behalf of an insurance company. The partnership between a bank and an insurance company in which the insurance company uses the bank s sales channel to sell insurance. Other distribution channels include post offices, convenience stores, multi-level marketing, any channel other than agencies, direct marketing, bancassurance and the above-mentioned channels. Timetric The Insurance Industry in Antigua and Barbuda, Key Trends and Opportunities to 2017 Page 7

8 INTRODUCTION 2.3 Methodology All Timetric insurance reports are created by following a comprehensive, four-stage methodology. This includes market study, research, analysis and quality control. 1) Market Study A. Standardization Definitions are specified using recognized industry classifications. The same definition is used for every country. Annual average currency exchange rates are used for the latest completed year. These are then applied across both the historical and forecast data to remove exchange rate fluctuations. B. Internal audit Review of in-house databases to gather existing data: Historic market databases and reports Company database C. Trend monitoring Review of the latest insurance companies and industry trends 2) Research A. Sources Collection of the latest market-specific data from a wide variety of industry sources: Government statistics Industry associations Company filings International organizations Insurance regulatory agencies B. Expert opinion Collation of opinion taken from leading insurance industry experts Analysis of third-party opinion and forecasts: Broker reports Media Official government sources C. Data consolidation and verification Consolidation of data and opinion to create historical datasets Creation of models to benchmark data across sectors and regions 3) Analysis A. Market forecasts Feeding forecast data into market models: Macroeconomic indicators Industry-specific drivers Analysis of insurance industry database to identify trends: Latest insurance trends Key drivers of the insurance industry The Insurance Industry in Antigua and Barbuda, Key Trends and Opportunities to 2017 Page 8

9 INTRODUCTION B. Report writing Analysis of market data Discussion of company and industry trends and issues Review of financial deals and insurance trends 4) Quality Control A. Templates Detailed process manuals Standardized report templates and accompanying style guides Complex forecasting tool used to ensure forecast methodologies are consistently applied Quality-control checklists B. Quality control process Peer review Senior-level QC Random spot checks on data integrity Benchmark checks across databases Market data cross-checked for consistency with accumulated data from: Company filings Government sources The Insurance Industry in Antigua and Barbuda, Key Trends and Opportunities to 2017 Page 9

10 APPENDIX 3 Appendix 3.1 Methodology Timetric s dedicated research and analysis teams consist of experienced professionals with an industry background in marketing, market research, consulting and advanced statistical expertise. Timetric adheres to the Codes of Practice of the Market Research Society ( and the Society of Competitive Intelligence Professionals ( All Timetric databases are continuously updated and revised. 3.2 Contact Us If you have any queries about this report, or would like any further information, please contact 3.3 About Timetric Timetric is an independent economic and business research firm that provides critical intelligence on emerging economies and key global industries. The company offers detailed economic and sector intelligence, business insights and independent and authoritative commentary. Underpinning all Timetric s research services is a belief that data if gained following the right technologies and analytic frameworks can provide unique and powerful economic and business insights. The Timetric economic and industry intelligence centers are premium decision tools that provide access to comprehensive research, data and expert analysis. They provide invaluable decision support, presented in an easily digestible format and grounded in rich, proprietary data and data analysis frameworks. Each year, Timetric produces hundreds of high-quality research reports across countries, industries and companies. These reports draw on in-depth primary and secondary research, proprietary data and highquality modeling and analysis to give its readers a deep insight into global market dynamics and economic trends. Timetric helps its clients to: Gain an unbiased, expert insight from a genuinely independent and trusted source Save time in researching, visualizing and comparing economic and industry data Access the latest and most useful data sets, indices and forecasts Gain access to a unique methodology for understanding economic trends Forecast and predict trends more accurately The Insurance Industry in Antigua and Barbuda, Key Trends and Opportunities to 2017 Page 10

11 APPENDIX Economic Research Services Timetric s economic research services are founded on three key goals: 1. To provide the strongest base data: The most accurate data The most timely and frequently updated data sets The best data curation methodologies and standardizations Unique data sets and forward-looking indicators Industry-specific, premium data sets 2. To develop the best data analysis frameworks: Unique economic indices and data analysis frameworks Forward-looking indicators Proprietary indices and surveys Data analysis frameworks, scorecards and models 3. To provide authoritative independent economic insights: To give a uniquely local perspective on developing markets Truly expert, independent economic analysis and commentary Proprietary analysis techniques and frameworks Unique forecasts Timetric believes that world-class content delivery should be the enabling factor across all it does. All its research services follow the principle that data and research should be easy to access, visualize and consume. All economic research products are built on the Timetric economic research software platform, which has four layers: Unique, proprietary aggregation and curation software for pulling together the world s data A cloud time-series database filled with top-quality statistics from across the globe Web-delivered search, discovery and research software to allow customized data searches World-class browser-based display to visualize the data searched 3.4 Disclaimer All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the publisher, Timetric. The facts of this report are believed to be correct at the time of publication but cannot be guaranteed. Please note that the findings, conclusions and recommendations that Timetric delivers will be based on information gathered in good faith from both primary and secondary sources, the accuracy of which Timetric is not always in a position to guarantee. Timetric will accept no liability whatsoever for actions taken based on any information that may subsequently prove to be incorrect. The Insurance Industry in Antigua and Barbuda, Key Trends and Opportunities to 2017 Page 11

The Insurance Industry in Palau, Key Trends and Opportunities to 2017

The Insurance Industry in Palau, Key Trends and Opportunities to 2017 The Insurance Industry in Palau, Key Trends and Opportunities to 2017 Market Intelligence Report Reference code: IS0297MR Published: May 2013 www.timetric.com Timetric John Carpenter House 7 Carmelite

More information

The Insurance Industry in Comoros, Key Trends and Opportunities to 2017

The Insurance Industry in Comoros, Key Trends and Opportunities to 2017 The Insurance Industry in Comoros, Key Trends and Opportunities to 2017 Market Intelligence Report Reference code: IS0287MR Published: May 2013 www.timetric.com Timetric John Carpenter House 7 Carmelite

More information

The Insurance Industry in British Virgin Islands, Key Trends and Opportunities to 2017

The Insurance Industry in British Virgin Islands, Key Trends and Opportunities to 2017 The Insurance Industry in British Virgin Islands, Key Trends and Opportunities to 2017 Market Intelligence Report Reference code: IS0259MR Published: April 2013 www.timetric.com Timetric John Carpenter

More information

Personal Accident and Health Insurance in Malaysia, Key Trends and Opportunities to 2016

Personal Accident and Health Insurance in Malaysia, Key Trends and Opportunities to 2016 Personal Accident and Health Insurance in Malaysia, Key Trends and Opportunities to 2016 Market Intelligence Report Reference code: IS0055MR Published: September 2012 www.timetric.com Timetric John Carpenter

More information

2020 Foresight: Retail Bank Loyalty Programs

2020 Foresight: Retail Bank Loyalty Programs 2020 Foresight: Retail Bank Loyalty Programs Product Code: VR0930MR Published Date: June 2013 www.timetric.com TABLE OF CONTENTS TABLE OF CONTENTS 1 Executive Summary... 6 2 Introduction to Retail Bank

More information

Landlord Insurance in the UK Key Trends and Opportunities to 2017

Landlord Insurance in the UK Key Trends and Opportunities to 2017 Landlord Insurance in the UK Key Trends and Opportunities to 2017 Market Intelligence Report Reference code: FS0112MR Published: February 2014 www.timetric.com Timetric John Carpenter House 7 Carmelite

More information

Timetric. http://www.marketresearch.com/timetric-v3917/ Publisher Sample

Timetric. http://www.marketresearch.com/timetric-v3917/ Publisher Sample Timetric http://www.marketresearch.com/timetric-v3917/ Publisher Sample Phone: 800.298.5699 (US) or +1.240.747.3093 or +1.240.747.3093 (Int'l) Hours: Monday - Thursday: 5:30am - 6:30pm EST Fridays: 5:30am

More information

Term Life Assurance in the UK, Key Trends and Opportunities to 2017

Term Life Assurance in the UK, Key Trends and Opportunities to 2017 Term Life Assurance in the UK, Key Trends and Opportunities to 2017 Market Intelligence Report Reference code: FS0110MR Published: January2014 www.timetric.com Timetric John Carpenter House 7 Carmelite

More information

The Insurance Industry in Ethiopia, Key Trends and Opportunities to 2017

The Insurance Industry in Ethiopia, Key Trends and Opportunities to 2017 Brochure More information from http://www.researchandmarkets.com/reports/2564529/ The Insurance Industry in Ethiopia, Key Trends and Opportunities to 2017 Description: The Ethiopian insurance industry

More information

Emerging Opportunities and Growth Prospects in the Indonesian Travel Intermediaries Industry, Analyses and Forecasts to 2016

Emerging Opportunities and Growth Prospects in the Indonesian Travel Intermediaries Industry, Analyses and Forecasts to 2016 Emerging Opportunities and Growth Prospects in the Indonesian Travel Intermediaries Industry, Analyses and Forecasts to 2016 BRICdata John Carpenter House 7 Carmelite Street London EC4Y 0BS United Kingdom

More information

Timetric. http://www.marketresearch.com/timetric-v3917/ Publisher Sample

Timetric. http://www.marketresearch.com/timetric-v3917/ Publisher Sample Timetric http://www.marketresearch.com/timetric-v3917/ Publisher Sample Phone: 800.298.5699 (US) or +1.240.747.3093 or +1.240.747.3093 (Int'l) Hours: Monday - Thursday: 5:30am - 6:30pm EST Fridays: 5:30am

More information

Timetric. http://www.marketresearch.com/timetric-v3917/ Publisher Sample

Timetric. http://www.marketresearch.com/timetric-v3917/ Publisher Sample Timetric http://www.marketresearch.com/timetric-v3917/ Publisher Sample Phone: 800.298.5699 (US) or +1.240.747.3093 or +1.240.747.3093 (Int'l) Hours: Monday - Thursday: 5:30am - 6:30pm EST Fridays: 5:30am

More information

Life Insurance in Pakistan, Key Trends and Opportunities to 2016

Life Insurance in Pakistan, Key Trends and Opportunities to 2016 Brochure More information from http://www.researchandmarkets.com/reports/2225320/ Life Insurance in Pakistan, Key Trends and Opportunities to 2016 Description: Synopsis The report provides in depth market

More information

2020 Foresight: Best Practices in Implementing Mobile Payments

2020 Foresight: Best Practices in Implementing Mobile Payments 2020 Foresight: Best Practices in Implementing Mobile Payments Product Code: VR0963MR Published Date: November 2013 For more details about the full report, please contact: T: +65 6383 4688 E: info@ap.timetric.com

More information

2020 Foresight: Best Practices in Implementing Mobile Payments

2020 Foresight: Best Practices in Implementing Mobile Payments 2020 Foresight: Best Practices in Implementing Mobile Payments Product Code: VR0963MR Published Date: November 2013 www.timetric.com TABLE OF CONTENTS TABLE OF CONTENTS 1 Executive Summary... 6 2 Dynamics

More information

Author Name(s): Abbe Williams, Stephanie Duff and Daniel Wisniewski Office for National Statistics

Author Name(s): Abbe Williams, Stephanie Duff and Daniel Wisniewski Office for National Statistics Blue Book 2012: Improvements to the measurement of insurance services Author Name(s): Abbe Williams, Stephanie Duff and Daniel Wisniewski Office for National Statistics 1. SUMMARY Financial intermediation

More information

GLOSSARY. A contract that provides for periodic payments to an annuitant for a specified period of time, often until the annuitant s death.

GLOSSARY. A contract that provides for periodic payments to an annuitant for a specified period of time, often until the annuitant s death. The glossary contains explanations of certain terms and definitions used in this prospectus in connection with the Group and its business. The terms and their meanings may not correspond to standard industry

More information

Trends and Opportunities in Cambodia Personal Accident and Health Insurance Industry to 2017: Market Profile

Trends and Opportunities in Cambodia Personal Accident and Health Insurance Industry to 2017: Market Profile Brochure More information from http://www.researchandmarkets.com/reports/2729290/ Trends and Opportunities in Cambodia Personal Accident and Health Insurance Industry to 2017: Market Profile Description:

More information

GLOSSARY. A contract that provides for periodic payments to an annuitant for a specified period of time, often until the annuitant s death.

GLOSSARY. A contract that provides for periodic payments to an annuitant for a specified period of time, often until the annuitant s death. The glossary contains explanations of certain terms and definitions used in this prospectus in connection with us and our business. The terms and their meanings may not correspond to standard industry

More information

2.1. Number of Insurance Companies in Portugal, 2001-2009 2.2. Headcount in Portugal Insurance Sector, 2001-2009

2.1. Number of Insurance Companies in Portugal, 2001-2009 2.2. Headcount in Portugal Insurance Sector, 2001-2009 TABLE OF CONTENTS 1. Portugal Insurance Market Introduction 2. Portugal Insurance Market Structure 2.1. Number of Insurance Companies in Portugal, 2001-2009 2.2. Headcount in Portugal Insurance Sector,

More information

Thailand, Switzerland, Lebanon, China Life Insurance Key Opportunities 2018 Market Trends, Size, Share, Growth, Analysis, Industry and Forecasts

Thailand, Switzerland, Lebanon, China Life Insurance Key Opportunities 2018 Market Trends, Size, Share, Growth, Analysis, Industry and Forecasts MARKET RESEARCH STORE Thailand, Switzerland, Lebanon, China Life Insurance Key Opportunities 2018 Market Trends, Size, Share, Growth, Analysis, Industry and Forecasts Market Research Store included latest

More information

The General Department of Insurance Control

The General Department of Insurance Control Saudi Arabian Monetary Agency The General Department of Insurance Control The Saudi Insurance Market Report 2014 Table of Contents Introduction 4 Insurance Market Performance - Overall Gross Written Premiums

More information

This is a licensed product of Ken Research and should not be copied

This is a licensed product of Ken Research and should not be copied 1 TABLE OF CONTENTS 1. Asia-Pacific Insurance Industry 1.1. Industry Introduction 1.2. Asia-Pacific Insurance Market Size by Direct Written Premium, 2005-2012P 1.3. Asia-Pacific Insurance Market Segmentation

More information

Non-Life Insurance in Canada, Key Trends and Opportunities to 2019

Non-Life Insurance in Canada, Key Trends and Opportunities to 2019 Brochure More information from http://www.researchandmarkets.com/reports/3508625/ Non-Life Insurance in Canada, Key Trends and Opportunities to 2019 Description: The 'Non-Life Insurance in Canada, Key

More information

Insurance market outlook

Insurance market outlook Munich Re Economic Research 2 May 2013 Global economic recovery provides stimulus to the insurance industry long-term perspective positive as well Once a year, MR Economic Research produces long-term forecasts

More information

Life & Protection. Scott Ham CEO. John Hunter COO. Analyst & Investor Conference

Life & Protection. Scott Ham CEO. John Hunter COO. Analyst & Investor Conference Life & Protection Scott Ham CEO John Hunter COO Analyst & Investor Conference New York City, December 2010 Key messages Grow profitable new sales Leverage expertise to increase recruiting and expand existing

More information

Life Insurance Market Report - India

Life Insurance Market Report - India Brochure More information from http://www.researchandmarkets.com/reports/1839253/ Life Insurance Market Report - India Description: The Indian life insurance sector has grown at a fast pace since liberalisation

More information

Industry Dynamics and Competitive Landscape in the Austria Non-Life Insurance Industry to 2017: Market Profile

Industry Dynamics and Competitive Landscape in the Austria Non-Life Insurance Industry to 2017: Market Profile Brochure More information from http://www.researchandmarkets.com/reports/2682863/ Industry Dynamics and Competitive Landscape in the Austria Non-Life Insurance Industry to 2017: Market Profile Description:

More information

3. Turkey Life and Non-Life Insurance Market Size by Value, 2001-2015

3. Turkey Life and Non-Life Insurance Market Size by Value, 2001-2015 TABLE OF CONTENTS 1. Turkey Insurance Market Introduction 2. Turkey Insurance Market Structure 2.1. Number of Insurance Companies in Turkey, 2001-2009 2.2. Headcount in Turkey Insurance Sector, 2001-2009

More information

THAILAND INSURANCE IN 2013

THAILAND INSURANCE IN 2013 THAILAND INSURANCE IN 2013 July 2014 thaire.co.th Thailand Economic Prospects Despite a contraction of 0.6% in the first quarter of 2014, the pace of growth is expected to gradually pick up in the second

More information

"Industry Dynamics and Competitive Landscape in the Malaysia Life Insurance Industry to 2018: Market

Industry Dynamics and Competitive Landscape in the Malaysia Life Insurance Industry to 2018: Market Brochure More information from http://www.researchandmarkets.com/reports/3287079/ Industry Dynamics and Competitive Landscape in the Malaysia Life Insurance Industry to 2018: Market Profile Description:

More information

Insurance Supervision Department. The Saudi Insurance Market Survey Report

Insurance Supervision Department. The Saudi Insurance Market Survey Report Insurance Supervision Department The Saudi Insurance Market Survey Report Table of Contents Introduction...3 Overall Insurance Market Performance Gross Written Premiums Overall.. 5 Insurance Penetration

More information

Industry Dynamics and Competitive Landscape in the Chilean Non-Life Insurance Industry to 2016: Market Profile

Industry Dynamics and Competitive Landscape in the Chilean Non-Life Insurance Industry to 2016: Market Profile Brochure More information from http://www.researchandmarkets.com/reports/2225374/ Industry Dynamics and Competitive Landscape in the Chilean Non-Life Insurance Industry to 2016: Market Profile Description:

More information

Life Insurance Corporation (Singapore)Pte Ltd UEN 201210695E MANAGEMENT REPORT 31/12/2014

Life Insurance Corporation (Singapore)Pte Ltd UEN 201210695E MANAGEMENT REPORT 31/12/2014 Life Insurance Corporation (Singapore)Pte Ltd UEN 201210695E MANAGEMENT REPORT 31/12/2014 LIFE INSURANCE CORPORATION (SINGAPORE) PTE. LTD. For the financial year from 1 January 2014 to 31 December 2014

More information

Non-Life Insurance in Australia

Non-Life Insurance in Australia Brochure More information from http://www.researchandmarkets.com/reports/1954662/ Non-Life Insurance in Australia Description: Introduction Non-Life Insurance in Australia industry profile provides top-line

More information

Whole Life Insurance in the UK, Key Trends and Opportunities to 2017

Whole Life Insurance in the UK, Key Trends and Opportunities to 2017 Brochure More information from http://www.researchandmarkets.com/reports/2623372/ Whole Life Insurance in the UK, Key Trends and Opportunities to 2017 Description: Synopsis - The report provides market

More information

Financial Highlights for the Fiscal Year Ended March 31, 2016 May 13, 2016

Financial Highlights for the Fiscal Year Ended March 31, 2016 May 13, 2016 Financial Highlights for the Fiscal Year Ended March 31, 2016 May 13, 2016 Japan Post Holdings: Financial Highlights Results of Operations for the Fiscal Year Ended March 31, 2016 Japan Post Holdings (Consolidated)

More information

Australian Accounting Standards Board (AASB)

Australian Accounting Standards Board (AASB) FACT SHEET September 2011 1023 General Insurance Contracts (This fact sheet is based on the standard as at 1 January 2011.) Important note: This standard is an Australian specific standard with no international

More information

VALIDUS ANNOUNCES 2015 FULL YEAR NET INCOME OF $374.9 MILLION 2015 NET OPERATING RETURN ON AVERAGE EQUITY OF 11.3%

VALIDUS ANNOUNCES 2015 FULL YEAR NET INCOME OF $374.9 MILLION 2015 NET OPERATING RETURN ON AVERAGE EQUITY OF 11.3% VALIDUS ANNOUNCES 2015 FULL YEAR NET INCOME OF $374.9 MILLION 2015 NET OPERATING RETURN ON AVERAGE EQUITY OF 11.3% BOOK VALUE PER DILUTED COMMON SHARE OF $42.33 AT DECEMBER 31, 2015 Pembroke, Bermuda,

More information

World City Millionaire Rankings. May 2013

World City Millionaire Rankings. May 2013 World City Millionaire Rankings May 2013 WealthInsight Publication date: May, 2013 About WealthInsight The WealthInsight Intelligence Center Database is an unparalleled resource and the leading resource

More information

Industry Dynamics and Competitive Landscape in Turkey Life Insurance Industry to 2016: Market Profile

Industry Dynamics and Competitive Landscape in Turkey Life Insurance Industry to 2016: Market Profile Brochure More information from http://www.researchandmarkets.com/reports/2669647/ Industry Dynamics and Competitive Landscape in Turkey Life Insurance Industry to 2016: Market Profile Description: Synopsis

More information

2.1. Number of Insurance Companies in Poland, 2001-2009 2.2. Headcount in Poland Insurance Sector, 2001-2009

2.1. Number of Insurance Companies in Poland, 2001-2009 2.2. Headcount in Poland Insurance Sector, 2001-2009 TABLE OF CONTENTS 1. Poland Insurance Market Introduction 2. Poland Insurance Market Structure 2.1. Number of Insurance Companies in Poland, 2001-2.2. Headcount in Poland Insurance Sector, 2001-3. Poland

More information

2. China Life and Non-Life Insurance Market Size by Value, 2008-2015

2. China Life and Non-Life Insurance Market Size by Value, 2008-2015 TABLE OF CONTENTS 1. China Insurance Market Introduction 2. China Life and Non-Life Insurance Market Size by Value, 2008-2015 3. China Life and Non-Life Insurance Density, Premium per Capita, USD, 2001-2015

More information

Insurance and Pension Funding Industry, Except Compulsory Social Services Review

Insurance and Pension Funding Industry, Except Compulsory Social Services Review Methodology of the Monthly Index of Services Insurance and Pension Funding Industry, Except Compulsory Social Services Review Introduction At the launch of the experimental Index of Services (IoS) in December

More information

Compare countries Reference Guide

Compare countries Reference Guide Compare countries Reference Guide www.lloyds.com/comparecountries July 2015 George.Delis@lloyds.com Key Contacts George Delis, Global Markets, Market Intelligence Telephone: 020 7327 6199 George.Delis@lloyds.com

More information

Industry Dynamics and Competitive Landscape in Turkey Personal Accident and Health Insurance Industry to 2016: Market Profile

Industry Dynamics and Competitive Landscape in Turkey Personal Accident and Health Insurance Industry to 2016: Market Profile Brochure More information from http://www.researchandmarkets.com/reports/2669624/ Industry Dynamics and Competitive Landscape in Turkey Personal Accident and Health Insurance Industry to 2016: Market Profile

More information

Emerging Opportunities in the Prepaid cards Market in the UK: Market Size, Industry Drivers and Consumer Trends

Emerging Opportunities in the Prepaid cards Market in the UK: Market Size, Industry Drivers and Consumer Trends Brochure More information from http://www.researchandmarkets.com/reports/2712732/ Emerging Opportunities in the Prepaid cards Market in the UK: Market Size, Industry Drivers and Consumer Trends Description:

More information

SulAmérica. UBS Global Healthcare Services Conference February 11-13, 2008 New York

SulAmérica. UBS Global Healthcare Services Conference February 11-13, 2008 New York SulAmérica UBS Global Healthcare Services Conference February 11-13, 2008 New York Disclaimer The material that follows is a presentation of general background information about Sul América S.A. ( SulAmérica

More information

WCIRB Report on June 30, 2014 Insurer Experience Released: September 11, 2014

WCIRB Report on June 30, 2014 Insurer Experience Released: September 11, 2014 Workers Compensation Insurance Rating Bureau of California WCIRB Report on June 3, 214 Insurer Experience Released: September 11, 214 WCIRB California 525 Market Street, Suite 8 San Francisco, CA 9415-2767

More information

Trends and Opportunities in the UAE Life Insurance Industry to 2016: Market Profile

Trends and Opportunities in the UAE Life Insurance Industry to 2016: Market Profile Brochure More information from http://www.researchandmarkets.com/reports/2403273/ Trends and Opportunities in the UAE Life Insurance Industry to 2016: Market Profile Description: Synopsis The report provides

More information

American International Group, Inc. Financial Supplement Fourth Quarter 2005

American International Group, Inc. Financial Supplement Fourth Quarter 2005 Financial Supplement Fourth Quarter 2005 This report should be read in conjunction with AIG's Annual Report on Form 10-K for the year ended December 31, 2005 filed with the Securities and Exchange Commission.

More information

Preliminary Consolidated Financial Results for the Six Months Ended September 30, 2012 (Prepared in Accordance with Japanese GAAP)

Preliminary Consolidated Financial Results for the Six Months Ended September 30, 2012 (Prepared in Accordance with Japanese GAAP) November 1, 2012 Sony Financial Holdings Inc. Preliminary Consolidated Financial Results for the Six Months Ended September 30, 2012 (Prepared in Accordance with Japanese GAAP) Tokyo, November 1, 2012

More information

OECD-Asia Regional Seminar: Enhancing Transparency and Monitoring of Insurance Markets

OECD-Asia Regional Seminar: Enhancing Transparency and Monitoring of Insurance Markets OECD-Asia Regional Seminar: Enhancing Transparency and Monitoring of Insurance Markets Regional Experience: Hong Kong Office of the Commissioner of Insurance Financial Services and the Treasury Bureau

More information

2015 Pyramid Research Latin America Telecom Insider

2015 Pyramid Research Latin America Telecom Insider SAMPLE PAGES Carrier Enterprise Services in Latin America: Creating the Cloud Telco Daniel Ramos Senior Analyst Enterprise Cloud Practice Leader Guillermo Hurtado Senior Analyst This report is part of

More information

Draft for consultation as part of CP18/16, available at: www.bankofengland.co.uk/pra/pages/publications/cp/2016/cp1816.aspx

Draft for consultation as part of CP18/16, available at: www.bankofengland.co.uk/pra/pages/publications/cp/2016/cp1816.aspx Draft for consultation as part of CP18/16, available at: www.bankofengland.co.uk/pra/pages/publications/cp/2016/cp1816.aspx Form 1 Statement of solvency general insurance business Global business/uk branch

More information

2 COMMENCEMENT DATE 5 3 DEFINITIONS 5 4 MATERIALITY 8. 5 DOCUMENTATION 9 5.1 Requirement for a Report 9 5.2 Content of a Report 9

2 COMMENCEMENT DATE 5 3 DEFINITIONS 5 4 MATERIALITY 8. 5 DOCUMENTATION 9 5.1 Requirement for a Report 9 5.2 Content of a Report 9 PROFESSIONAL STANDARD 300 VALUATIONS OF GENERAL INSURANCE CLAIMS INDEX 1 INTRODUCTION 3 1.1 Application 3 1.2 Classification 3 1.3 Background 3 1.4 Purpose 4 1.5 Previous versions 4 1.6 Legislation and

More information

The Treatment of Insurance in the SNA

The Treatment of Insurance in the SNA The Treatment of Insurance in the SNA Peter Hill Statistical Division, United Nations Economic Commission for Europe April 1998 Introduction The treatment of insurance is one of the more complicated parts

More information

Industry Dynamics and Competitive Landscape in the Chilean Life Insurance Industry to 2016: Market Profile

Industry Dynamics and Competitive Landscape in the Chilean Life Insurance Industry to 2016: Market Profile Brochure More information from http://www.researchandmarkets.com/reports/2225332/ Industry Dynamics and Competitive Landscape in the Chilean Life Insurance Industry to 2016: Market Profile Description:

More information

Supplement No. 2 published with Extraordinary Gazette No. 129 dated 20 th December, 2012. THE INSURANCE LAW, 2010 (LAW 32 OF 2010)

Supplement No. 2 published with Extraordinary Gazette No. 129 dated 20 th December, 2012. THE INSURANCE LAW, 2010 (LAW 32 OF 2010) CAYMAN ISLANDS Supplement No. 2 published with Extraordinary Gazette No. 129 dated 20 th December, 2012. THE INSURANCE LAW, 2010 (LAW 32 OF 2010) THE INSURANCE (CAPITAL AND SOLVENCY) (CLASS A INSURERS)

More information

IRISH FEDERATION FACTFILE INSURANCE. Irish Insurance Federation Factfile 2010 1

IRISH FEDERATION FACTFILE INSURANCE. Irish Insurance Federation Factfile 2010 1 IRISH INSURANCE FEDERATION 10 FACTFILE Irish Insurance Federation Factfile 2010 1 Who are we? The Irish Insurance Federation (IIF) is the representative body for insurance companies in Ireland representing

More information

Chartis RiskTech Quadrant for Model Risk Management Systems 2014

Chartis RiskTech Quadrant for Model Risk Management Systems 2014 Chartis RiskTech Quadrant for Model Risk Management Systems 2014 The RiskTech Quadrant is copyrighted June 2014 by Chartis Research Ltd. and is reused with permission. No part of the RiskTech Quadrant

More information

Trade Credit Insurance in Major Global Markets

Trade Credit Insurance in Major Global Markets Trade Credit Insurance in Major Global Markets Series prospectus for an overview plus ten country-specific reports AUSTRALIA, BRAZIL, CANADA, CHINA, INDIA, JAPAN, MIDDLE EAST, RUSSIA, SOUTH AFRICA, USA

More information

Life Insurance Corporation (Singapore)Pte Ltd UEN 201210695E MANAGEMENT REPORT 31/12/2013

Life Insurance Corporation (Singapore)Pte Ltd UEN 201210695E MANAGEMENT REPORT 31/12/2013 Life Insurance Corporation (Singapore)Pte Ltd UEN 201210695E MANAGEMENT REPORT 31/12/2013 LIFE INSURANCE CORPORATION (SINGAPORE) PTE. LTD. For the financial period from 1 January 2013 to 31 December 2013

More information

Industry Dynamics and Competitive Landscape in Indonesia Personal Accident and Health Insurance Industry to 2018: Market Profile

Industry Dynamics and Competitive Landscape in Indonesia Personal Accident and Health Insurance Industry to 2018: Market Profile Industry Dynamics and Competitive Landscape in Indonesia Personal Accident and Health Insurance Industry to 2018: Market Profile Industry Dynamics and Competitive Landscape in Indonesia Personal Accident

More information

News from The Chubb Corporation

News from The Chubb Corporation News from The Chubb Corporation The Chubb Corporation 15 Mountain View Road P.O. Box 1615 Warren, New Jersey 07061-1615 Telephone: 908-903-2000 Chubb Reports Fourth Quarter Net Income per Share of $2.35;

More information

Because you should retire from work, not life. Retirement plans. By HSBC.

Because you should retire from work, not life. Retirement plans. By HSBC. Because you should retire from work, not life. Retirement plans. By HSBC. A new beginning Retirement will be a significant new chapter in your life. A new beginning that will bring new opportunities, new

More information

Key performance indicators

Key performance indicators The information included in the following sheets of this Excel file forms an integral part of the Aegon press release on the Q2 results 2013 as published on August 8, 2013. Cautionary note regarding non-ifrs

More information

News from The Chubb Corporation

News from The Chubb Corporation News from The Chubb Corporation The Chubb Corporation 15 Mountain View Road P.O. Box 1615 Warren, New Jersey 07061-1615 Telephone: 908-903-2000 FOR IMMEDIATE RELEASE Chubb Reports Second Quarter Net Income

More information

MML Bay State Life Insurance Company Management s Discussion and Analysis Of the 2005 Financial Condition and Results of Operations

MML Bay State Life Insurance Company Management s Discussion and Analysis Of the 2005 Financial Condition and Results of Operations MML Bay State Life Insurance Company Management s Discussion and Analysis Of the 2005 Financial Condition and Results of Operations General Management s Discussion and Analysis of Financial Condition and

More information

Rating Methodology for Domestic Life Insurance Companies

Rating Methodology for Domestic Life Insurance Companies Rating Methodology for Domestic Life Insurance Companies Introduction ICRA Lanka s Claim Paying Ability Ratings (CPRs) are opinions on the ability of life insurance companies to pay claims and policyholder

More information

Allianz Malaysia Berhad (12428-W) Financial Results 4Q 2015. Analyst Briefing 29 February 2016

Allianz Malaysia Berhad (12428-W) Financial Results 4Q 2015. Analyst Briefing 29 February 2016 Allianz Malaysia Berhad (12428-W) Financial Results 4Q 2015 Analyst Briefing 29 February 2016 1 AMB Group Results Allianz Malaysia Berhad (12428-W) Resilient Growth Operating revenue Group operating revenue

More information

Central & Eastern Europe Executing our strategy

Central & Eastern Europe Executing our strategy Central & Eastern Europe Executing our strategy Analyst & Investor Conference, London June 19, 2013 Gábor Kepecs Management Board Member Chief Executive Officer CEE Michal Biedzki Chief Executive Officer

More information

2. The UK Life and Non-Life Insurance Market Size by Value, 2001-2015

2. The UK Life and Non-Life Insurance Market Size by Value, 2001-2015 TABLE OF CONTENTS 1. The UK Insurance Market Introduction 2. The UK Life and Non-Life Insurance Market Size by Value, 2001-3. The UK Life and Non-Life Insurance Density, Premium Per Capita, USD, 2001-4.

More information

Industry Dynamics and Competitive Landscape in the Vietnamese Non-Life Insurance Industry to 2016: Market Profile

Industry Dynamics and Competitive Landscape in the Vietnamese Non-Life Insurance Industry to 2016: Market Profile Brochure More information from http://www.researchandmarkets.com/reports/2104740/ Industry Dynamics and Competitive Landscape in the Vietnamese Non-Life Insurance Industry to 2016: Market Profile Description:

More information

WORKERS COMPENSATION GLOSSARY

WORKERS COMPENSATION GLOSSARY WORKERS COMPENSATION GLOSSARY ACCIDENT An unplanned and unexpected event which occurs suddenly and at a definite place resulting in injury and/or damage. ACCIDENT FREQUENCY The rate of the occurrence of

More information

GUY CARPENTER S EIGHTH ANNUAL SPECIALTY INSURANCE PROGRAM ISSUING CARRIER SURVEY, 2012

GUY CARPENTER S EIGHTH ANNUAL SPECIALTY INSURANCE PROGRAM ISSUING CARRIER SURVEY, 2012 An update from Program Managers Solutions March 31, 2013 POISED FOR GROWTH GUY CARPENTER S EIGHTH ANNUAL SPECIALTY INSURANCE PROGRAM ISSUING CARRIER SURVEY, 2012 As a result of, or in some cases in spite

More information

The impact on the UK economy of a reduction in fuel duty

The impact on the UK economy of a reduction in fuel duty The impact on the UK economy of a reduction in fuel duty Report for Fair Fuel UK March 2012 Centre for Economics and Business Research Ltd. Unit 1, 4 Bath Street, London EC1V 9DX t: 020 7324 2850 f: 020

More information

Friends Life Assurance Society Limited

Friends Life Assurance Society Limited Annual FSA Insurance Returns for the year ended 28th December 2012 (Appendices 9.1, 9.3, 9.6) Produced using BestESP Services - UK Year ended 28th December 2012 Contents Page Appendix 9.3 Form 40 Long-term

More information

Guardian Life Insurance, Core Operating Subsidiaries 'AA+' Ratings Affirmed On Criteria Review, Outlook Negative

Guardian Life Insurance, Core Operating Subsidiaries 'AA+' Ratings Affirmed On Criteria Review, Outlook Negative Research Update: Guardian Life Insurance, Core Operating Subsidiaries 'AA+' Ratings Affirmed On Criteria Review, Outlook Negative Primary Credit Analyst: Neal I Freedman, New York (1) 212-438-1274; neal.freedman@standardandpoors.com

More information

Non-Life Insurance Premiums and Claims in Georgia to 2017: Market Brief

Non-Life Insurance Premiums and Claims in Georgia to 2017: Market Brief Brochure More information from http://www.researchandmarkets.com/reports/2697018/ Non-Life Insurance Premiums and Claims in Georgia to 2017: Market Brief Description: Synopsis 'Non-Life Insurance Premiums

More information

The Canada Life Assurance Company ANNUAL REPORT

The Canada Life Assurance Company ANNUAL REPORT The Canada Life Assurance Company 2007 ANNUAL REPORT CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION This report contains some forward-looking statements about the Company, including its business

More information

Non-Life Insurance Premiums and Claims in Brazil to 2018: Market Brief

Non-Life Insurance Premiums and Claims in Brazil to 2018: Market Brief Brochure More information from http://www.researchandmarkets.com/reports/3022663/ Non-Life Insurance Premiums and Claims in Brazil to 2018: Market Brief Description: 'Non-Life Insurance Premiums and Claims

More information

THE EQUITABLE LIFE ASSURANCE SOCIETY

THE EQUITABLE LIFE ASSURANCE SOCIETY Annual FSA Insurance Returns for the year ended 31 December 2004 Appendices 9.1, 9.3, 9.4 & 9.6 from the Interim Prudential Sourcebook for Insurers Registered Office 20-22 Bedford Row, London, WC1R 4JS

More information

CHAPTER 45-04-12 VALUATION OF LIFE INSURANCE POLICIES

CHAPTER 45-04-12 VALUATION OF LIFE INSURANCE POLICIES CHAPTER 45-04-12 VALUATION OF LIFE INSURANCE POLICIES Section 45-04-12-01 Applicability 45-04-12-02 Definitions 45-04-12-03 General Calculation Requirements for Basic Reserves and Premium Deficiency Reserves

More information

NST.06 - Non-life Insurance Claims Information - Detailed split by Distribution Channel and Claims Type.

NST.06 - Non-life Insurance Claims Information - Detailed split by Distribution Channel and Claims Type. NST.06 - Non-life Insurance Claims Information - Detailed split by Distribution Channel and Claims Type. The first column of the next table identifies the items to be reported by identifying the columns

More information

Beer in the Czech Republic

Beer in the Czech Republic Beer in the Czech Republic Industry Profile Reference Code: 0144-0744 Publication date: December 2006 www.datamonitor.com Datamonitor USA 245 Fifth Avenue 4th Floor New York, NY 10016 USA Datamonitor Europe

More information

Public and Product Liability Insurance in the UK, Key Trends and Opportunities to 2017

Public and Product Liability Insurance in the UK, Key Trends and Opportunities to 2017 Brochure More information from http://www.researchandmarkets.com/reports/2894825/ Public and Product Liability Insurance in the UK, Key Trends and Opportunities to 2017 Description: - The report provides

More information

Online Strategies of Banking and Insurance Companies in the BRIC Countries

Online Strategies of Banking and Insurance Companies in the BRIC Countries Online Strategies of Banking and Insurance Companies in the BRIC Countries Industry Forecast Report Reference code: IS0206MR Published: March 2012 BRICdata John Carpenter House 7 Carmelite Street London

More information

Egypt Wind Energy Outlook. Reference Code: GDAE0215VPT Publication Date: May 2015 SAMPLE. Egypt Wind Energy Outlook

Egypt Wind Energy Outlook. Reference Code: GDAE0215VPT Publication Date: May 2015 SAMPLE. Egypt Wind Energy Outlook Reference Code: GDAE0215VPT Publication Date: May 2015 1 Table of Contents 1 Table of Contents... 1 1.1 List of Tables... 1 1.2 List of Figures... 1 2 Summary... 2 3... 2 3.1 Wind Power, Installed Capacity

More information

INSTRUCTIONS FOR COMPLETING INSURANCE COMPANY FINANCIAL STATEMENTS

INSTRUCTIONS FOR COMPLETING INSURANCE COMPANY FINANCIAL STATEMENTS INSTRUCTIONS FOR COMPLETING INSURANCE COMPANY "DRAFT VERSION FOR FIRST REVIEW ONLY" Submitted to: Minstry of Finance and Economy Head of Insurance Department Republic of Armenia Submitted by: BearingPoint

More information

Sri Lankan Insurance Industry Analysis

Sri Lankan Insurance Industry Analysis Brochure More information from http://www.researchandmarkets.com/reports/2261971/ Sri Lankan Insurance Industry Analysis Description: Sri Lanka insurance industry is witnessing a strong growth inclination

More information

LIFE INSURANCE. and INVESTMENT

LIFE INSURANCE. and INVESTMENT INVESTMENT SAVINGS & INSURANCE ASSOCIATION OF NZ INC GLOSSARY OF LIFE INSURANCE and INVESTMENT TERMS 2 Accident Benefit A benefit payable should death occur as the result of an accident. It may be a stand-alone

More information

Antigonish Farmers Mutual Insurance Company. Consolidated financial statements. December 31, 2014

Antigonish Farmers Mutual Insurance Company. Consolidated financial statements. December 31, 2014 Consolidated financial statements Contents Page Management s statement of responsibility for financial reporting 1 Independent auditor s report 2 Consolidated statement of financial position 3 Consolidated

More information

Life Insurance Distribution Channels in China to 2018: Market Databook

Life Insurance Distribution Channels in China to 2018: Market Databook Life Insurance Distribution Channels in China to : Market Databook Life Insurance Distribution Channels in China to : Market Databook Sector Publishing Intelligence Limited (SPi) has been marketing business

More information

Industry Dynamics and Competitive Landscape in the Indonesian Non-Life Insurance Industry to 2016: Market Profile

Industry Dynamics and Competitive Landscape in the Indonesian Non-Life Insurance Industry to 2016: Market Profile Brochure More information from http://www.researchandmarkets.com/reports/2099629/ Industry Dynamics and Competitive Landscape in the Indonesian Non-Life Insurance Industry to 2016: Market Profile Description:

More information

EarlyIncome Annuity Plan

EarlyIncome Annuity Plan EarlyIncome Annuity Plan HSBC Life (International) Limited HSBC Life (International) Limited ( the Company ) is incorporated in Bermuda with limited liability, and is one of the HSBC Group s insurance

More information

[Source: Added at 17 Ok Reg 1659, eff 7-14-00]

[Source: Added at 17 Ok Reg 1659, eff 7-14-00] TITLE 365. INSURANCE DEPARTMENT CHAPTER 10. LIFE, ACCIDENT AND HEALTH SUBCHAPTER 17. VALUATION OF LIFE INSURANCE POLICIES REGULATION INCLUDING THE INTRODUCTION AND USE OF NEW SELECT MORTALITY FACTORS)

More information

INSURANCE RATING METHODOLOGY

INSURANCE RATING METHODOLOGY INSURANCE RATING METHODOLOGY The primary function of PACRA is to evaluate the capacity and willingness of an entity / issuer to honor its financial obligations. Our ratings reflect an independent, professional

More information

Life Insurance Distribution Channels in Denmark to 2018: Market Databook

Life Insurance Distribution Channels in Denmark to 2018: Market Databook Life Insurance Distribution Channels in Denmark to : Market Databook Life Insurance Distribution Channels in Denmark to : Market Databook Sector Publishing Intelligence Limited (SPi) has been marketing

More information

Client Engagement and Compensation Guide

Client Engagement and Compensation Guide Aon Risk Solutions Client Engagement and Compensation Guide Risk. Reinsurance. Human Resources. Introduction The aim of this document is to provide a high-level summary of the work that Aon Risk Solutions

More information