Life Insurance in Pakistan, Key Trends and Opportunities to 2016

Transcription

1 Brochure More information from Life Insurance in Pakistan, Key Trends and Opportunities to 2016 Description: Synopsis The report provides in depth market analysis, information and insights into the Pakistan life insurance market, including: - The Pakistan life insurance market s growth prospects by life insurance categories and customer segments - The various distribution channels in the Pakistan life insurance market - The competitive landscape in the Pakistan life insurance market - A description of the life reinsurance market in Pakistan Summary The Pakistani life insurance segment recorded a positive growth rate during the review period. The segment s growth was primarily driven by rising consumer awareness with regards to the benefits of life insurance products, their dualistic coverage as a long-term savings instrument, and the development of new distribution channels. The life insurance segment recorded a growth in investment income during the review period. This was primarily due to a strong investment portfolio, which is a mix of equities and bonds. In order to secure the regular return on the investment, life insurance companies placed a significant portion of their investment in fixed-income securities. Scope This report provides a comprehensive analysis of the life insurance market in Pakistan: - It provides historical values for the Pakistan life insurance market for the report s review period and forecast figures for the forecast period - It offers a detailed analysis of the key sub-segments in the Pakistan life insurance market, along with market forecasts until It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions - It analyses the various distribution channels for insurance products in Pakistan - Using Porter s industry-standard Five Forces analysis, it details the competitive landscape in Pakistan for life insurance business - It provides a detailed analysis of the reinsurance market in Pakistan and its growth prospects - It profiles the top life insurance companies in Pakistan and outlines the key regulations affecting them Reasons To Buy - Make strategic business decisions using in depth historic and forecast market data related to the Pakistan life insurance market and each sector within it - Understand the demand-side dynamics, key market trends and growth opportunities within the Pakistan life insurance market - Assess the competitive dynamics in the life insurance market, along with the reinsurance segment - Identify the growth opportunities and market dynamics within key product categories - Gain insights into key regulations governing the Pakistan insurance market and its impact on companies and the market's future Key Highlights - Pakistan s economic growth is anticipated to attract higher foreign capital inflows while supporting business and consumer confidence over the forecast period. - Since unit-linked policies have a complex benefit structure and investment risk, the SECP proposed new regulations with the aim of achieving a greater level of transparency in disclosures made by insurance companies to policyholders regarding unit pricing and fund management, which will increase consumer confidence. - The growth in the category was derived from strong marketing strategies adopted by insurers in order to encourage individual client purchase. This also had the effect of supporting a strong demand for individual unit-linked products during the review period. - Pakistan has a liberalized foreign direct investment (FDI) policy with few restrictions, which is expected to encourage foreign companies to enter into the segment. The SECP has proposed a new regulation for unitlinked life insurance policies in order to provide policyholders with more transparency. - Growth in the Pakistani life insurance segment was supported by the expansion of distribution channel

2 networks during the review period. A strong and efficient distribution channel network ensures insurance companies maintain their cost competiveness. In order to expand their market, life insurance companies are developing new distribution channels. - As of 2011, the State Life Insurance Corporation of Pakistan was the leading life insurance company in the Pakistan insurance segment, followed by EFU Life Assurance Limited, Jubilee Life Insurance Company Limited and American Life Insurance Company (Pakistan) Limited. Contents: 1 Executive Summary 2 Introduction 2.1 What is this Report About? 2.2 Definitions 2.3 Methodology 3 Pakistani Insurance Industry Attractiveness 3.1 Insurance Industry Market Size, Key Industry Trends and Drivers Business drivers Consumer drivers 3.3 Recent Market Developments 4 Life Insurance Segment Outlook 4.1 Life Insurance Growth Prospects by Category Individual life insurance category market size, Individual pension category market size, Individual unit-linked category market size, Group life category market size, Group superannuation insurance category market size, Life Insurance Growth Prospects by Customer Segments Individual segment market size, Individual single premium category market size, Individual non-single premium category market size, Group segment market size, Group single premium category market size, Group non-single premium category market size, Analysis by Distribution Channel 5.1 Direct Marketing Channel Market Size, Bancassurance Channel Market Size, Agencies Channel Market Size, Other Channel Market Size, Regulatory Policies 7 Porter s Five Forces Analysis Pakistani Life Insurance Market 7.1 Bargaining Power of Supplier: Low to Medium 7.2 Bargaining Power of Buyer: Low to Medium 7.3 Barriers to Entry: Medium 7.4 Intensity of Rivalry: Low to Medium 7.5 Threat of Substitutes: Low 8 Reinsurance Growth Dynamics and Challenges 8.1 Reinsurance Market Size, Reinsurance Market Size by Type of Insurance, Competitive Landscape and Strategic Insights 9.1 Overview 9.2 Leading Companies in the Pakistani Life Insurance Segment 9.3 State Life Insurance Corporation of Pakistan Company Overview State Life Insurance Corporation of Pakistan key facts State Life Insurance Corporation of Pakistan main products State Life Insurance Corporation of Pakistan main competitors State Life Insurance Corporation of Pakistan key employees 9.4 EFU Life Assurance Ltd. Company Overview EFU Life Assurance Ltd. key facts EFU Life Assurance Ltd. main products EFU Life Assurance Ltd. main competitors EFU Life Assurance Ltd. key employees 9.5 American Life Insurance Company (Pakistan) Limited Company Overview American Life Insurance Company (Pakistan) Limited key facts

3 9.5.2 American Life Insurance Company (Pakistan) Limited main products American Life Insurance Company (Pakistan) Limited main competitors American Life Insurance Company (Pakistan) Limited key employees 9.6 Adamjee Life Assurance Company Ltd Company Overview Adamjee Life Assurance Company Ltd key facts Adamjee Life Assurance Company Ltd main products Adamjee Life Assurance Company Ltd main competitors Adamjee Life Assurance Company Ltd key employees 9.7 East West Life Assurance Company Limited Company Overview East West Life Assurance Company Limited key facts East West Life Assurance Company Limited main products East West Life Assurance Company Limited main competitors East West Life Assurance Company Limited key employees 9.8 AsiaCare Health & Life Insurance Company Limited Company Overview AsiaCare Health & Life Insurance Company Limited key facts AsiaCare Health & Life Insurance Company Limited main products AsiaCare Health & Life Insurance Company Limited main competitors AsiaCare Health & Life Insurance Company Limited key employees 10 Business Environment and Country Risk 10.1 Business Confidence Market capitalization trend Karachi Stock Exchange, Pakistan 10.2 Economic Performance GDP at constant prices (US dollar) GDP per capita at constant prices (US dollar) GDP at current prices (US dollar) GDP per capita at current prices (US dollar) GDP by key segments Agricultural net output at current prices (PKR) Agricultural net output at current prices (US dollar) Agricultural net output at current prices as a percentage of GDP Manufacturing net output at current prices (PKR) Manufacturing net output at current prices (US dollar) Manufacturing net output at current prices as a percentage of GDP Mining, manufacturing and utilities net output at current prices (PKR) Mining, manufacturing and utilities at current prices (US dollar) Mining, manufacturing and utilities at current prices, as percentage of GDP Construction net output at current prices (PKR) Construction net output at current prices, (US dollar) Construction net output at current prices as a percentage of GDP Inflation rate Current account balance as a percentage of GDP Exports as a percentage of GDP Imports as a percentage of GDP Exports growth Imports growth Annual average exchange rate US$ PKR End-of-period exchange rate US$ PKR 10.3 Infrastructure Quality and Availability Total airports and sea ports Railways and roadways Passenger vehicle production volume Commercial vehicle production volume Automotive component exports trend Automotive component imports trend Passenger car penetration Healthcare expenditure Healthcare expenditure as a percentage of GDP Healthcare expenditure per capita Total internet subscribers 10.4 Labor Force Labor force Unemployment rate 10.5 Demographics

4 Annual disposable income Annual per capita disposable income Total population Urban and rural population Female percentage of population Male percentage of population Mean age of the population Median age of population Population density Age distribution of the total population Age distribution of the male population Age distribution of the female population Number of households 10.6 Political and Social Risk Political stability Terrorism index Transparency index 11 Appendix 11.1 Methodology 11.2 Contact Us 11.3 About Timetric 11.4 Disclaimer List of Tables Table 1: Insurance Industry Definitions Table 2: Pakistani Insurance Overall Written Premium by Segment (PKR Billion), Table 3: Pakistani Insurance Overall Written Premium by Segment (US$ Billion), Table 4: Pakistani Insurance Overall Written Premium by Segment (PKR Billion), Table 5: Pakistani Insurance Overall Written Premium by Segment (US$ Billion), Table 6: Pakistani Insurance Segmentation (%), Table 7: Pakistani Life Insurance Written Premium by Category (PKR Billion), Table 8: Pakistani Life Insurance Written Premium by Category (US$ Billion), Table 9: Pakistani Life Insurance Written Premium by Category (PKR Billion), Table 10: Pakistani Life Insurance Written Premium by Category (US$ Billion), Table 11: Pakistani Life Insurance Incurred Loss (PKR Billion), Table 12: Pakistani Life Insurance Incurred Loss (PKR Billion), Table 13: Pakistani Life Insurance Loss Ratio (%), Table 14: Pakistani Life Insurance Loss Ratio (%), Table 15: Pakistani Life Insurance Commissions and Expenses (PKR Billion), Table 16: Pakistani Life Insurance Commissions and Expenses (PKR Billion), Table 17: Pakistani Life Insurance Combined Ratio (%), Table 18: Pakistani Life Insurance Combined Ratio (%), Table 19: Pakistani Life Insurance Frauds and Crimes (PKR Billion), Table 20: Pakistani Life Insurance Frauds and Crimes (PKR Billion), Table 21: Pakistani Life Insurance Total Assets (PKR Billion), Table 22: Pakistani Life Insurance Total Assets (PKR Billion), Table 23: Pakistani Life Insurance Total Investment Income (PKR Billion), Table 24: Pakistani Life Insurance Total Investment Income (PKR Billion), Table 25: Pakistani Life Insurance Retentions (PKR Billion), Table 26: Pakistani Life Insurance Retentions (PKR Billion), Table 27: Pakistani Individual Life Insurance Category by Volume (Thousand), Table 28: Pakistani Individual Life Insurance Category by Volume (Thousand), Table 29: Pakistani Individual Life Insurance Category by Written Premium (PKR Billion), Table 30: Pakistani Individual Life Insurance Category by Written Premium (PKR Billion), Table 31: Pakistani Individual Pension Insurance Category by Volume (Thousand), Table 32: Pakistani Individual Pension Insurance Category by Volume (Thousand), Table 33: Pakistani Individual Pension Insurance Category by Written Premium (PKR Billion), Table 34: Pakistani Individual Pension Insurance Category by Written Premium (PKR Billion), Table 35: Pakistani Individual Unit-linked Insurance Category by Volume (Thousand), Table 36: Pakistani Individual Unit-linked Insurance Category by Volume (Thousand), Table 37: Pakistani Individual Unit-linked Insurance Category by Written Premium (PKR Billion), Table 38: Pakistani Individual Unit-linked Insurance Category by Written Premium (PKR Billion), Table 39: Pakistani Group life Insurance Category by Volume (Thousand),

5 Table 40: Pakistani Group life Insurance Category by Volume (Thousand), Table 41: Pakistani Group life Insurance Category by Written Premium (PKR Billion), Table 42: Pakistani Group Life Insurance Category by Written Premium (PKR Billion), Table 43: Pakistani Group Superannuation Category by Volume (Thousand), Table 44: Pakistani Group Superannuation Category by Volume (Thousand), Table 45: Pakistani Group Superannuation Category by Written Premium (PKR Billion), Table 46: Pakistani Group Superannuation Category by Written Premium (PKR Billion), Table 47: Pakistani Individual Single Premium Category by Volume (Thousand), Table 48: Pakistani Individual Single Premium Category by Volume (Thousand), Table 49: Pakistani Individual Single Premium Category by Written Premium (PKR Billion), Table 50: Pakistani Individual Single Premium Category by Written Premium (PKR Billion), Table 51: Pakistani Individual Non-Single Premium Category by Volume (Thousand), Table 52: Pakistani Individual Non-Single Premium Category by Volume (Thousand), Table 53: Pakistani Individual Non-Single Premium Category by Written Premium (PKR Billion), Table 54: Pakistani Individual Non-Single Premium Category by Written Premium (PKR Billion), Table 55: Pakistani Group Single Premium Category by Volume (Thousand), Table 56: Pakistani Group Single Premium Category by Volume (Thousand), Table 57: Pakistani Group Single Premium Category by Written Premium (PKR Billion), Table 58: Pakistani Group Single Premium Category by Written Premium (PKR Billion), Table 59: Pakistani Group Non-Single Premium Category by Volume (Thousand), Table 60: Pakistani Group Non-Single Premium Category by Volume (Thousand), Table 61: Pakistani Group Non-Single Premium Category by Written Premium (PKR Billion), Table 62: Pakistani Group Non-Single Premium Category by Written Premium (PKR Billion), Table 63: Pakistani Life Insurance Direct Marketing Commission Paid (PKR Billion), Table 64: Pakistani Life Insurance Direct Marketing Commission Paid (PKR Billion), Table 65: Pakistani Life Insurance Written Premium Through Direct Marketing (PKR Billion), Table 66: Pakistani Life Insurance Written Premium Through Direct Marketing (PKR Billion), Table 67: Pakistani Life Insurance Policies Sold Through Direct Marketing (Thousand), Table 68: Pakistani Life Insurance Policies Sold Through Direct Marketing (Thousand), Table 69: Pakistani Life Insurance Number of Direct Marketing Distributors, Table 70: Pakistani Life Insurance Number of Direct Marketing Distributors, Table 71: Pakistani Life Insurance Bancassurance Commission Paid (PKR Billion), Table 72: Pakistani Life Insurance Bancassurance Commission Paid (PKR Billion), Table 73: Pakistani Life Insurance Written Premium Through Bancassurance (PKR Billion), Table 74: Pakistani Life Insurance Written Premium Through Bancassurance (PKR Billion), Table 75: Pakistani Life Insurance Policies Sold Through Bancassurance (Thousand), Table 76: Pakistani Life Insurance Policies Sold Through Bancassurance (Thousand), Table 77: Pakistani Life Insurance Number of Bancassurance Distributors, Table 78: Pakistani Life Insurance Number of Bancassurance Distributors, Table 79: Pakistani Life Insurance Commission Paid to Agencies (PKR Billion), Table 80: Pakistani Life Insurance Commission Paid to Agencies (PKR Billion), Table 81: Pakistani Life Insurance Written Premium Through Agencies (PKR Billion), Table 82: Pakistani Life Insurance Written Premium Through Agencies (PKR Billion), Table 83: Pakistani Life Insurance Policies Sold Through Agencies (Thousand), Table 84: Pakistani Life Insurance Policies Sold Through Agencies (Thousand), Table 85: Pakistani Life Insurance Number of Agencies, Table 86: Pakistani Life Insurance Number of Agencies, Table 87: Pakistani Life Insurance Commission Paid to Other Channels (PKR Billion), Table 88: Pakistani Life Insurance Commission Paid to Other Channels (PKR Billion), Table 89: Pakistani Life Insurance Written Premium Through Other Channels (PKR Billion), Table 90: Pakistani Life Insurance Written Premium Through Other Channels (PKR Billion), Table 91: Pakistani Life Insurance Policies Sold Through Other Channels (Thousand), Table 92: Pakistani Life Insurance Policies Sold Through Other Channels (Thousand), Table 93: Pakistani Life Insurance Number of Distributors in Other Channels, Table 94: Pakistani Life Insurance Number of Distributors in Other Channels, Table 95: Pakistani Reinsurance Market in Pakistan by Category (PKR Billion), Table 96: Pakistani Reinsurance Market in Pakistan by Category (US$ Billion), Table 97: Pakistani Reinsurance Market in Pakistan by Category (PKR Billion), Table 98: Pakistani Reinsurance Market in Pakistan by Category (US$ Billion), Table 99: Pakistani Reinsurance Ceded by Type of Insurance (PKR Billion), Table 100: Pakistani Reinsurance Ceded by Type of Insurance (US$ Billion), Table 101: Pakistani Reinsurance Ceded by Type of Insurance (PKR Billion), Table 102: Pakistani Reinsurance Ceded by Type of Insurance (US$ Billion),

6 Table 103: Pakistani Life Insurance Percentage of Reinsurance Ceded (%), Table 104: Pakistani Life Insurance Percentage of Reinsurance Ceded (%), Table 105: Pakistani Life Insurance Market Share (%), Table 106: Pakistani State Life Insurance Corporation of Pakistan, Key Facts Table 107: Pakistani State Life Insurance Corporation of Pakistan, Main Products Table 108: Pakistani State Life Insurance Corporation of Pakistan, Key Employees Table 109: Pakistani EFU Life Assurance Ltd, Key Facts Table 110: Pakistani EFU Life Assurance Ltd., Main Products Table 111: Pakistani EFU Life Assurance Ltd, Key Employees Table 112: Pakistani American Life Insurance Company (Pakistan) Limited, Key Facts Table 113: Pakistani American Life Insurance Company (Pakistan) Limited, Main Products Table 114: Pakistani American Life Insurance Company (Pakistan) Limited, Key Employees Table 115: Pakistani Adamjee Life Assurance Company Ltd, Key Facts Table 116: Pakistani Adamjee Life Assurance Company Ltd, Main Products Table 117: Pakistani Adamjee Life Assurance Company Ltd, Key Employees Table 118: Pakistani East West Life Assurance Company Limited, Key Facts Table 119: Pakistani East West Life Assurance Company Limited, Main Products Table 120: Pakistani East West Life Assurance Company Limited, Key Employees Table 121: Pakistani AsiaCare Health & Life Insurance Company Limited, Key Facts Table 122: Pakistani AsiaCare Health & Life Insurance Company Limited, Main Products Table 123: Pakistani AsiaCare Health & Life Insurance Company Limited, Key Employees List of Figures Figure 1: Pakistani Insurance Overall Written Premium by Segment (PKR Billion), Figure 2: Pakistani Insurance Market Dynamics by Segment, Figure 3: Pakistani Life Insurance Written Premium by Category (PKR Billion), Figure 4: Pakistani Life Insurance Written Premium, by Type of Insurance, 2011 and 2016 Figure 5: Pakistani Life Insurance Market Dynamics by Category, Figure 6: Pakistani Life Insurance Incurred Loss (PKR Billion), Figure 7: Pakistani Life Insurance Incurred Loss (PKR Billion), Figure 8: Pakistani Life Insurance Loss Ratio (%), Figure 9: Pakistani Life Insurance Loss Ratio (%), Figure 10: Pakistani Life Insurance Commissions and Expenses (PKR Billion), Figure 11: Pakistani Life Insurance Commissions and Expenses (PKR Billion), Figure 12: Pakistani Life Insurance Combined Ratio (%), Figure 13: Pakistani Life Insurance Combined Ratio (%), Figure 14: Pakistani Life Insurance Frauds and Crimes (PKR Billion), Figure 15: Pakistani Life Insurance Frauds and Crimes (PKR Billion), Figure 16: Pakistani Life Insurance Total Assets (PKR Billion), Figure 17: Pakistani Life Insurance Total Assets (PKR Billion), Figure 18: Pakistani Life Insurance Total Investment Income (PKR Billion), Figure 19: Pakistani Life Insurance Total Investment Income (PKR Billion), Figure 20: Pakistani Life Insurance Retentions (PKR Billion), Figure 21: Pakistani Life Insurance Retentions (PKR Billion), Figure 22: Pakistani Life Insurance Investment Type (PKR Billion), Figure 23: Pakistani Life Insurance Investment Type, 2007 and 2011 Figure 24: Pakistani Life Insurance Density and Penetration (%), Figure 25: Pakistani Life Insurance Number of Policies Sold (Thousand), Figure 26: Pakistani Life Insurance Number of Policies Sold (Thousand), Figure 27: Pakistani Life Insurance Premium Per-capita (PKR), Figure 28: Pakistani Individual Life Insurance Category by Volume (Thousand), Figure 29: Pakistani Individual Life Insurance Category by Volume (Thousand), Figure 30: Pakistani Individual Life Insurance Category by Written Premium (PKR Billion), Figure 31: Pakistani Individual Life Insurance Category by Written Premium (PKR Billion), Figure 32: Pakistani Individual Pension Insurance Category by Volume (Thousand), Figure 33: Pakistani Individual Pension Insurance Category by Volume (Thousand), Figure 34: Pakistani Individual Pension Insurance Category by Written Premium (PKR Billion), Figure 35: Pakistani Individual Pension Insurance Category by Written Premium (PKR Billion), Figure 36: Pakistani Individual Unit-linked Insurance Category by Volume (Thousand), Figure 37: Pakistani Individual Unit-linked Insurance Category by Volume (Thousand), Figure 38: Pakistani Individual Unit-linked Insurance Category by Written Premium (PKR Billion), Figure 39: Pakistani Individual Unit-linked Insurance Category by Written Premium (PKR Billion), Figure 40: Pakistani Group life Insurance Category by Volume (Thousand),

7 Figure 41: Pakistani Group life Insurance Category by Volume (Thousand), Figure 42: Pakistani Group life Insurance Category by Written Premium (PKR Billion), Figure 43: Pakistani Group Life Insurance Category by Written Premium (PKR Billion), Figure 44: Pakistani Group Superannuation Category by Volume (Thousand), Figure 45: Pakistani Group Superannuation Category by Volume (Thousand), Figure 46: Pakistani Group Superannuation Category by Written Premium (PKR Billion), Figure 47: Pakistani Group Superannuation Category by Written Premium (PKR Billion), Figure 48: Pakistani Individual Single Premium Category by Volume (Thousand), Figure 49: Pakistani Individual Single Premium Category by Volume (Thousand), Figure 50: Pakistani Individual Single Premium Category by Written Premium (PKR Billion), Figure 51: Pakistani Individual Single Premium Category by Written Premium (PKR Billion), Figure 52: Pakistani Individual Non-Single Premium Category by Volume (Thousand), Figure 53: Pakistani Individual Non-Single Premium Category by Volume (Thousand), Figure 54: Pakistani Individual Non-Single Premium Category by Written Premium (PKR Billion), Figure 55: Pakistani Individual Non-Single Premium Category by Written Premium (PKR Billion), Figure 56: Pakistani Group Single Premium Category by Volume (Thousand), Figure 57: Pakistani Group Single Premium Category by Volume (Thousand), Figure 58: Pakistani Group Single Premium Category by Written Premium (PKR Billion), Figure 59: Pakistani Group Single Premium Category by Written Premium (PKR Billion), Figure 60: Pakistani Group Non-Single Premium Category by Volume (Thousand), Figure 61: Pakistani Group Non-Single Premium Category by Volume (Thousand), Figure 62: Pakistani Group Non-Single Premium Category by Written Premium (PKR Billion), Figure 63: Pakistani Group Non-Single Premium Category by Written Premium (PKR Billion), Figure 64: Pakistani Life Insurance New Business Written Premium Market Shares by Distribution Channel, 2011 and 2016 Figure 65: Pakistani Life Insurance Direct Marketing Commission Paid (PKR Billion), Figure 66: Pakistani Life Insurance Direct Marketing Commission Paid (PKR Billion), Figure 67: Pakistani Life Insurance Written Premium Through Direct Marketing (PKR Billion), Figure 68: Pakistani Life Insurance Written Premium Through Direct Marketing (PKR Billion), Figure 69: Pakistani Life Insurance Policies Sold Through Direct Marketing (Thousand), Figure 70: Pakistani Life Insurance Policies Sold Through Direct Marketing (Thousand), Figure 71: Pakistani Life Insurance Number of Direct Marketing Distributors, Figure 72: Pakistani Life Insurance Number of Direct Marketing Distributors, Figure 73: Pakistani Life Insurance Bancassurance Commission Paid (PKR Billion), Figure 74: Pakistani Life Insurance Bancassurance Commission Paid (PKR Billion), Figure 75: Pakistani Life Insurance Written Premium Through Bancassurance (PKR Billion), Figure 76: Pakistani Life Insurance Written Premium Through Bancassurance (PKR Billion), Figure 77: Pakistani Life Insurance Policies Sold Through Bancassurance (Thousand), Figure 78: Pakistani Life Insurance Policies Sold Through Bancassurance (Thousand), Figure 79: Pakistani Life Insurance Number of Bancassurance Distributors, Figure 80: Pakistani Life Insurance Number of Bancassurance Distributors, Figure 81: Pakistani Life Insurance Commission Paid to Agencies (PKR Billion), Figure 82: Pakistani Life Insurance Commission Paid to Agencies (PKR Billion), Figure 83: Pakistani Life Insurance Written Premium Through Agencies (PKR Billion), Figure 84: Pakistani Life Insurance Written Premium Through Agencies (PKR Billion), Figure 85: Pakistani Life Insurance Policies Sold Through Agencies (Thousand), Figure 86: Pakistani Life Insurance Policies Sold Through Agencies (Thousand), Figure 87: Pakistani Life Insurance Number of Agencies, Figure 88: Pakistani Life Insurance Number of Agencies, Figure 89: Pakistani Life Insurance Commission Paid to Other Channels (PKR Billion), Figure 90: Pakistani Life Insurance Commission Paid to Other Channels (PKR Billion), Figure 91: Pakistani Life Insurance Written Premium Through Other Channels (PKR Billion), Figure 92: Pakistani Life Insurance Written Premium Through Other Channels (PKR Billion), Figure 93: Pakistani Life Insurance Policies Sold Through Other Channels (Thousand), Figure 94: Pakistani Life Insurance Policies Sold Through Other Channels (Thousand), Figure 95: Pakistani Life Insurance Number of Distributors in Other Channels, Figure 96: Pakistani Life Insurance Number of Distributors in Other Channels, Figure 97: Pakistani Life Insurance Market Five Forces Analysis Figure 98: Pakistani Premium Ceded to Reinsurance by Category (PKR Billion), Figure 99: Pakistani Reinsurance Premium Share by Category, 2011 and 2016 Figure 100: Pakistani Reinsurance Market Dynamics by Category, Figure 101: Pakistani Reinsurance Ceded by Type of Insurance (PKR Billion), Figure 102: Pakistani Reinsurance Market Dynamics by Type of Insurance,

8 Figure 103: Pakistani Life Insurance Percentage of Reinsurance Ceded (%), Figure 104: Pakistani Life Insurance Percentage of Reinsurance Ceded (%), Figure 105: Pakistani Life Insurance Market Share (%), 2007 and 2011 Figure 106: Karachi Stock Exchange Market Capitalization (US$ Billion), Figure 107: Pakistani GDP at Constant Prices (US$ Billion), Figure 108: Pakistani GDP Per Capita at Constant Prices (US$), Figure 109: Pakistani GDP at Current Prices (US$ Billion), Figure 110: Pakistani GDP Per Capita at Current Prices (US$), Figure 111: Pakistani GDP by Key Segments (%) 2009 and 2011 Figure 112: Pakistani Agricultural Net Output at Current Prices (PKR Billion), Figure 113: Pakistani Agricultural Net Output at Current Prices (US$ Billion), Figure 114: Pakistani Agricultural Net Output at Current Prices as a Percentage of GDP (%), Figure 115: Pakistani Manufacturing Net Output at Current Prices (PKR Billion), Figure 116: Pakistani Manufacturing Net Output at Current Prices (US$ Billion), Figure 117: Pakistani Manufacturing Net Output at Current Prices as a Percentage of GDP (%), Figure 118: Pakistani Mining, Manufacturing and Utilities Net Output at Current Prices (PKR Billion), Figure 119: Pakistani Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), Figure 120: Pakistani Mining, Manufacturing and Utilities Net Output at Current Prices as a Percentage of GDP (%), Figure 121: Pakistani Construction Net Output at Current Prices (PKR Billion), Figure 122: Pakistani Construction Net Output at Current Prices (US$ Billion), Figure 123: Pakistani Construction Output at Current Prices as a Percentage of GDP (%), Figure 124: Pakistani Inflation Rate (%), Figure 125: Pakistani Current Account Balance as a Percentage of GDP(%), Figure 126: Pakistani Exports as a Percentage of GDP (%), Figure 127: Pakistani Imports as a Percentage of GDP (%), Figure 128: Pakistani Exports Growth (%), Figure 129: Pakistani Imports Growth (%), Figure 130: Pakistani Annual Average Exchange Rate US$ PKR, Figure 131: Pakistani End-of-Period Exchange Rate US$ PKR, Figure 132: Pakistani Airports and Sea Ports (Number), 2011 Figure 133: Pakistani Railways and Roadways (Kilometers), 2011 Figure 134: Pakistani Passenger Vehicle Production, Figure 135: Pakistani Commercial Vehicle Production, Figure 136: Pakistani Automotive Component Exports (US$ Million), Figure 137: Pakistani Automotive Component Imports (US$ Million), Figure 138: Pakistani Passenger Car Penetration (Per Thousand People), Figure 139: Pakistani Healthcare Expenditure (US$ Billion), Figure 140: Pakistani Healthcare Expenditure as a Percentage of GDP (%), Figure 141: Pakistani Per Capita Healthcare Expenditure (US$), Figure 142: Pakistani Internet Subscriptions (Million), Figure 143: Pakistani Size of Labor Force in Age Group (Million), Figure 144: Pakistani Unemployment Rate (%), Figure 145: Pakistani Annual Disposable Income (US$ Billion), Figure 146: Pakistani Annual Per Capita Disposable Income (US$), Figure 147: Pakistani Total Population (Million), Figure 148: Pakistan Urban and Rural Population (%), Figure 149: Pakistani Female as Percentage of Population (%), Figure 150: Pakistani Male as Percentage of Population (%), Figure 151: Pakistani Mean Age of Population (Year), Figure 152: Pakistani Median Age of Population (Year), Figure 153: Pakistani Population Density (per Square Kilometer), Figure 154: Pakistani Population Distribution by Age (%), Figure 155: Pakistani Male Population Distribution by Age (%), Figure 156: Pakistani Female Population Distribution by Age (%), Figure 157: Pakistani Households, Number of (Million), Figure 158: Global Terrorism Heat Map, 2011 Figure 159: Pakistan Transparency Index,

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