|
| Key
Indicators |
| |
| |
| |
Unit |
2003 |
2004 |
2005 |
| ECONOMIC
DATA |
| GDP (at
current market prices) |
$
million |
1,233,983 |
1,291,568 |
1,382,052 |
| Population
(Mid-year) |
|
6,803,100 |
6,882,600 |
6,935,900 |
| Per capita
GDP (at current market prices) |
$ |
181,385 |
187,657 |
199,261 |
| |
|
|
|
|
| INSURANCE
MARKET STRUCTURE |
| No. of Authorised
Insurers |
| Long Term |
|
46 |
45 |
46 |
| General |
|
123 |
116 |
110 |
| Composite |
|
19 |
19 |
19 |
| Total |
|
188 |
180 |
175 |
| |
|
|
|
|
| No. of
Authorised Insurance Brokers |
|
464 |
476 |
471 |
| No. of
Registered Insurance Agents |
|
31,635 |
31,207 |
29,163 |
| |
|
|
|
|
| INSURANCE
MARKET STATISTICS |
| Premium
Income |
| Long Term
Business (Office premiums) |
$
million |
77,225 |
98,414 |
114,756 |
| General Business
(Gross premiums) |
$
million |
24,292 |
22,866 |
22,546 |
| |
|
|
|
|
| Annual Growth
Rate |
| Long Term
Business |
% |
17.9 |
27.4 |
16.6 |
| General
Business |
% |
3.6 |
-5.9 |
-1.4 |
| |
|
|
|
|
| Insurance
Density (Per capita expenditure) |
| Long Term
Business |
$ |
11,351 |
14,299 |
16,545 |
| General Business |
$ |
3,571 |
3,322 |
3,251 |
| |
|
|
|
|
| Insurance
Penetration (Premium as a % of GDP) |
| Long Term
Business |
% |
6.3 |
7.6 |
8.3 |
| General Business |
% |
2.0 |
1.8 |
1.6 |
| |
|
|
|
|
| Individual
Life Business |
| No. of New
Policies |
|
982,643 |
1,007,313 |
1,012,488 |
| Average Premium
Size of New Policies |
$ |
24,612 |
36,990 |
44,791 |
| No. of In-force
Policies |
|
5,606,222 |
6,049,940 |
6,587,525 |
| Premiums Per
Capita of In-force Policies |
$ |
9,083 |
11,947 |
14,156 |
| No. of In-force
Policies as a % of Population |
% |
82.4 |
87.9 |
95.0 |
| |
|
|
|
|
| Local Assets
Maintained for General Business |
$
million |
72,479 |
78,192 |
70,892 |
|
|
| |
|
|
| |
|
|
