|
 |
|
| |
Unit |
2004 |
2005 |
2006 |
| ECONOMIC DATA |
| GDP (at current market prices) |
$ million |
1,291,425 |
1,382,675 |
1,474,319 |
| Population (Mid-year) |
|
6,783,500 |
6,813,200 |
6,857,100 |
| Per capita GDP (at current market prices) |
$ |
190,377 |
202,941 |
215,006 |
| INSURANCE MARKET STRUCTURE |
| No. of Authorised Insurers |
| Long Term |
|
45 |
46 |
47 |
| General |
|
116 |
110 |
116 |
| Composite |
|
19 |
19 |
18 |
| Total |
|
180 |
175 |
181 |
| No. of Authorised Insurance Brokers |
|
476 |
471 |
486 |
| No. of Registered Insurance Agents |
|
31,207 |
29,163 |
29,715 |
| INSURANCE MARKET STATISTICS |
| Premium Income |
| Long Term Business (Office premiums) |
$ million |
98,414 |
114,756 |
133,087 |
| General Business (Gross premiums) |
$ million |
22,866 |
22,546 |
22,958 |
| Annual Growth Rate |
| Long Term Business |
% |
27.4 |
16.6 |
16.0 |
| General Business |
% |
-5.9 |
-1.4 |
1.8 |
| Insurance Density (Per capita expenditure) |
| Long Term Business |
$ |
14,508 |
16,843 |
19,409 |
| General Business |
$ |
3,371 |
3,309 |
3,348 |
| Insurance Penetration (Premium as a % of GDP) |
| Long Term Business |
% |
7.6 |
8.3 |
9.0 |
| General Business |
% |
1.8 |
1.6 |
1.6 |
| Individual Life Business |
| No. of New Policies |
|
1,007,313 |
1,012,488 |
1,014,332 |
| Average Premium Size of New Policies |
$ |
36,990 |
44,791 |
51,768 |
| No. of In-force Policies |
|
6,049,940 |
6,587,525 |
7,101,148 |
| Premiums Per Capita of In-force Policies |
$ |
12,122 |
14,410 |
16,758 |
| No. of In-force Policies as a % of Population |
% |
89.2 |
96.7 |
103.6 |
| Local Assets Maintained for General Business |
$ million |
78,192 |
70,892 |
75,496 |
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