European Insurance in Figures · Non-life insurance has experience a more moderate growth of 1.8%...

European Insurance in Figures

June 2006

CEA Statistics N° 24

CEA member associations which took part in this study

ISO CODE Country

AT Austria Verband der Versicherungsunternehmen Österreichs (VVO)

BE Belgium Assuralia - Union Professionnelle des Entreprises d’Assurances

Assuralia - Beroepsvereniging der Verzekeringsondernemingen

BG Bulgaria Association of Bulgarian Insurers (ABZ)

CH Switzerland Schweizerischer Versicherungsverband

Association Suisse d’Assurances

CY Cyprus Insurance Association of Cyprus

CZ Czech Republic Česká asociace pojišt’oven (ČAP)

DE Germany Gesamtverband der Deutschen Versicherungswirtschaft (GDV)

DK Denmark Forsikring & Pension (F&P)

EE Estonia Eesti Kindlustusseltside Liit

ES Spain Unión Española de Entidades Aseguradoras y Reaseguradoras (UNESPA)

FI Finland Suomen Vakuutusyhtiöiden Keskusliitto

FR France Fédération Française des Sociétés d’Assurances (FFSA)

GB United Kingdom The British Insurers’ European Committee (BIEC)

GR Greece Association of Insurance Companies-Greece

Association des Compagnies d’Assurances- Grèce

HR Croatia Croatian Insurance Bureau

HU Hungary Magyar Biztositók Szövetsége (MABISZ)

IE Ireland The Irish Insurance Federation (IIF)

IS Iceland Samband Íslenskra Tryggingafélaga

IT Italy Associazione Nazionale fra le Imprese Assicuratrici (ANIA)

LI Liechtenstein Liechtensteinischer Versicherungsverband e.V

LT Lithuania Lietuvos draudiku asociacija

Association of Lithuanian Insurers

LU Luxembourg Association des Compagnies d’Assurances du Grand-Duché de Luxembourg (ACA)

LV Latvia Latvijas Apdrošinataju Asociacija

MT Malta Malta Insurance Association

NL The Netherlands Verbond van Verzekeraars (VVN)

NO Norway Finansnæringens Hovedorganisasjon (FNH)

PL Poland Polska Izba Ubezpieczen (PIU)

PT Portugal Associaçao Portuguesa de Seguradores (APS)

RO Romania National Association of Insurance and Reinsurance Companies from Romania (UNSAR)

SE Sweden Sveriges Försäkringsförbund

SI Slovenia Slovensko Zvarovalno Zdruzenje (SZZ)

SK Slovakia Slovenská asociácia poistovni

TR Turkey Türkiye Sigorta ve Reasürans Sirketleri Birligi

Association of the Insurance and Reinsurance Companies of Türkiye

CEA Statistics

European Insurance in Figures in 2005w w w . c e a . a s s u r. o r g

About CEA

CEA is the European insurance and reinsurance federation. CEA’s 33

national member associations represent more than 5,000 insurance and

reinsurance companies. Insurance makes a major contribution to Europe’s

economic growth and development. European insurers generate premium

income of €970bn, employ over one million people and invest more than

€6,300bn in the economy.

Table of contents

METHODOLOGICAL NOTE 6

FOREwORD 7

THANKS 7

PART A : EUROPEAN INSURANCE MARKET IN 2004 AND 2005 9

I. Premium 10I.1 Strong growth in life in 2005I.2 Growth in non-life premiums remains moderateI.3 Non-life by type of productI.4 Penetration rateI.5 Density1.6 Place of Europe in the worldwide insurance business

II.Investment 18II.1 Investments increase by 8.3%II.2 Breakdown by type of membership and coverII.3 Investments in share / market capitalisationII.4 Investment / GDP

III. Market operators 21III.1 Number of companies decreasesIII.2 Concentration ratioIII.3 Largest European groupsIII.4 Number of employees working directly for insurersIII.5 decreasesIII.6 Distribution channels

PART B : STATISTICAL GUIDE - BASIC DATA 2005 27

I Basic data 2005 28I-1. Total premiumI-2. InvestmentsI-3. Employees and companies

II Country guide 42II-1 Country Guide 2004II-2 Country Guide 2005

PART C: STATISTICAL GUIDE – COMPLETE DATA 2004 45

I Insurance companies in Europe 46

I.1 Companies operating on the market

I.2 Market share of the largest non-life insurance groups

I.3 Market share of the largest life insurance groups

I.4 Insurance groups in European business

II Employment in insurance companies 51

III Premium of European insurers 52

III.1 Total direct premium income

III.2 Life premium income

III.3 Non-life premium income

III.4 Direct premium by origine

IV Investments 55

IV.1 Total investments

IV.2 Life investments

IV.3 Non-life investments

IV.4 Investments by origine

IV.5 Investments per category

V. Importance of insurance in Europe 59

V.1 Share in GDP

V.2 Average premium per inhabitant

VI European non-life insurance 60

VI.1 European non-life per class

VI.2 Breakdown of premium per non-life classes

VII Distribution channels 65

VII.1 Global (life and non-life)

VII.2 Life

VII.3 Non-life

VIII worldwide premium 68

VIII.1 Total premium income

VIII.2 Share in total

PART D: ANNExES 71

I Exchange rate 72

II GDP 73

III Population 74

IV Inflation 75

PART E: CONTENTS OF THE CD-ROM 77

6 | CEA Statistics N°24


Methodological note

CEA collects, analyses and compiles annually a substantial amount of general, financial and technical data

relating to insurance and obtained from its members.

This financial information is collected in millions in each market’s national currency. It is then converted

into euros at the exchange rate on 31 December of each year for non-euro zone countries as published

Eurostat. The inflation-adjusted value is calculated on the basis of data in national currency converted by

the price inflation rate published by the Eurostat. (Base 100 in 2005). Conversion into inflation-adjusted

euros is done at the rate for the last year in order to cancel out variations in exchange rates. Variations

on each market are then calculated for data in national currency for non-inflation adjusted variations and

for data in national currency corrected for inflation for variations exclusive of inflation. Total variations per

zone are calculated for euro and non-inflation adjusted euro totals.

Year on year variations have been calculated by subtracting from the total data countries for which there

was no information for the previous or following year. The average growth over time represents the

average of the past year on year variations.

Comparing sums collected in insurance with GDP for each country is just a first indicator of the of insurance

sector in the economy comparing across different countries. One has to keep in mind that a more precise

indicator should be based on added value of the insurance sector which shows the real contribution of the

enterprises in the GDP.

The ratio of “shares held by a country’s insurers / country’s stock market total” should not be taken as

meaning that insurers have the percentage of quoted shares indicated. In point of fact, they have also

in reserve shares of non-quoted companies or, above all, shares of companies quoted on foreign stock

markets. It is however an indicator oh the importance of the sector as an institutional investor and, at

European total level, a relatively precise evaluation in that shares held by European insurers are for the most

part shares of companies quoted in Europe.

Comparing insurance premium amounts to the number of inhabitants in each country is a good indicator of

insurance development in those countries. However, this ratio should be carefully analysed. Not only does

it not correspond to sums actually paid by insureds but in addition it does not always include premiums

paid by the inhabitants of the country concerned, like Luxembourg, where insurers largely benefit from

freedom to provide services (FOS).

All 2005 figures presented in this publication are provisional data that are subject to change.

The market share of the figures presented is 100% for most market and slightly under this level for some

others. Only Romania shows figures that represent around 70% of the total turnover.

Figures have been rounded-up to the nearest thousand. Financial indicators are in million of euros, unless

otherwise stated.

Growth rate presented in the text are all inflation-adjusted unless otherwise stated.

CEA Statistics N°24 | 7

Foreword

First figures about the year 2005 confirm that the European insurance and reinsurance industry has recovered

from the stock market crash, increased technical provision and the slowdown of the economy experienced

at the begin of this decade. The significant increase in growth of total premium income to 4.5% to reach

€978bn demonstrated the confidence consumers and enterprises in insurers to protect and secure their

welfare and assets.

With an inflation-adjusted growth rate of 6.2%, the life insurance has driven the development of the

insurance industry in 2005. This evolution reflects the high confidence of insured’s in insurance products

after the financial crisis of 2001 but also the need for them to buy alternative investment offering good

capital guarantee and high return in a period of low interest rate.

This evolution may also reflect the change in demography characterised by an increase in the number of

retirees and by a longer life expectancy. Such an evolution will put public pension scheme under increased

pressure. Insurers, through funded pension products, offer a viable alternative to state system offering a

lifelong income after retirement and reducing strain on public sector budgets.

Non-life insurance has experience a more moderate growth of 1.8% in premium income. This evolution

conceals difference between countries with on one side moderate growth in western countries due to more

saturated markets and on the other side double-digit growth rate in eastern countries which experience a

healthy economic environment and a catch up effect.

Motor insurance constitutes the major activity of the non life business. It experienced a slight decrease of

0.2% related to a drop in liability premium income.

The health insurance continues to experience good development that can be related to the growing concern

of the population for healthcare. In this field also, the demographic changes will put public expenditure

under pressure and requiring reforms of the social security for both health care and long-term care. Health

insurers are key partners in such reform and for the constitution of second pillar alongside the public health

system.

Thanks

This publication would not have been possible without the active participation of the CEA Economics &

Finance Statistical Working Groups. We would like to thank the delegates on these groups for their active

participation and their comments.

Particular thanks are due to Mr Frédéric Chandelle, Chairman of the Economics & Finance Working Group

for his efforts in the design of the publication.

The work of CEA correspondents within the national associations in collecting and providing data relating to

their market is the basis for the success of this undertaking. Thanks go to them for their participation.

PART A

EUROPEAN INSURANCE MARKET

2005 basic data – 2004 Complete data



I. Premiums

The years that immediately followed the financial crisis of 2001 have been

characterised by a relatively low premium growth rate (inflation-adjusted) of

between 1% and 3%. The year 2005 contrasts with these figures, since provisional

data for 2005 indicates that the total premium income of the European insurance

market1 grew by 4.5% (inflation-adjusted) after a growth of 3.1% in 2004. Total

premium income reached 978 billion euros at the end of 2005.

Graph 1 | Evolution of total premium income

4.5%3.1%

2.5%3.1%

5.2%3.7%4.3%

4.6%6.4%

10.1% 9.8%1.6%

0

200 000

400 000

600 000

800 000

1 000 000

1 200 000

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

0%

2%

4%

6%

8%

10%

12%Total premium

Growth

The good growth in premium income conceals two different situations in the life

and non-life markets. In the former, the increase has been stronger than in 2004

with an inflation-adjusted rate of 6.2% while it was only 1.8% in the non-life

market.

A double-digit growth rate is observed in many eastern countries as well as in

Liechtenstein (80.5%), Portugal (25.7%), Luxembourg (23.1%), Sweden (17.2)

and Belgium (16.1%). Only three markets show decreases in total premium

income: Switzerland (-4.6%) and the United Kingdom (-0.8%), which are

amongst the most developed insurance markets, and Malta (-2.6%).

With 22.6% of the total premium income, the UK is still the leading insurance

market in Europe, followed by France (17.9%) and Germany (16.1%), with all

other markets having a share equal to or below 5%.

I.1 Strong growth in life in 20052

Life premiums grew by 6.2% in 2005 against 4.1% in 2004 and -0.1% in 2003.

This stronger growth reflects the confidence of insureds in life products as an

investment product for pensions, but also as an alternative investment in a

period of low interest rates offering a good return with a good guarantee of

capital security. The growth is high in several western countries such as Portugal

(43.1%), Sweden (23.4%), Belgium (22.4%) but also and mainly in eastern

countries where double-digit growth is observed on more than half of the market:

Latvia (52.1%), Romania (40.5%), Slovenia (23.7%), Croatia (20.6%), Lithuania

(19.9%), Hungary (19.8%), … This evolution in eastern countries demonstrates

the healthy economic environment of these countries and a catch-up effect.

Total premium income

reached €978bn in 2005

Life premium grew by 6.2%

in 2005 against 4.1% in 2004

1 33 CEA countries: AT, BE, BG, CH, CY, CZ, DE, DK, EE, ES, FI, FR, GB, GR, HR, HU, IE, IS, IT, LI, LT, LU,

LV, MT, NL, NO, PL, PT, RO, SE, SI, SK, TR

2 A more extensive analysis of the life insurance market in 2004 is available on the CEA Website


PART A

Graph 2 | Evolution of life premium income

The evolution of the life insurance market in all European countries reflects among

other things the expected changes in European demography characterised by a

decline in the active population (due to a lower birth rate not totally compensated

for by migration), by an increase in the number of retirees and by a longer life

expectancy. Such an evolution will put public pension schemes under pressure

and places pressure on national governments to foster alternative pension

schemes such as those provided by insurers. National and European authorities

should foster the development of funded private pensions as a supplement to

the current Pay As You Go (PAYG) state system. Such a system ensures solidarity

with PAYG and limits the problems associated with demographic change

(individual contributions are capitalised on a personal account and benefits are

paid out from this account). Tax advantages for life insurance products offered

by several States are a first step in the right direction, but should be extended to

all European States and strictly maintained in the long run.

The good progress of stock indexes, interest rates that remained low in 2005

and the restored confidence of insureds in more risky products is expected to

encourage demand for unit-linked products, whose share in total premiums had

already risen from 30% in 2002 to 37.3% in 2004.

I.2 Growth in non-life premiums remains moderate

The growth rate of 1.8% observed in the non-life market is almost identical to

that observed in 2004 (1.7%), but lags behind the levels of over 6% registered

in 2002 and 2003. There is a marked contrast between European countries: in

eastern countries there is impressive growth averaging more than 10%, whereas

in western countries the growth rate averages less than 2%.

Demographic changes will

put public budget under

pressure and impose to

foster alternative pension

scheme

Non-life market grew by

1.8% in 2005

6.2%4.1%-0.1%1.2%

15.1%-2.2%

16.1%

7.5%10.9%

11.8%

6.2%5.7%

0

100 000

200 000

300 000

400 000

500 000

600 000

700 000

1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005-5%

0%

5%

10%

15%

20%Life premiumGrowth



Graph 3 | Life premium growth rate 05/04 (inflation-adjusted)

This evolution reflects the development of eastern economies, within which the

insurance industry is one of the drivers, by providing the necessary risk coverage

and reduction of capital needs. The insurance sector also benefits from such

economic developments.

Graph 4 | Evolution of non-life premium income

The western markets are characterised by more heterogeneity. While some

countries show growth rates above 6%, others register negative growth rates.

The lower growth in most western countries seems also to be related to the

maturity of these markets, where a large part of the needs are already covered.

Graph 5 | Non-life premium growth rate 05/04 (inflation-adjusted)

Growth rates are particularly

high in eastern countrie

-10%

0%

10%

20%

30%

40%

50%

60%

70%

80%

LI LV PT RO BG SI SE BE HR LU LT HU PL AT FR IE

SK IT GR FI

CEA IS DK ES DE

NO CY

CZ GB NL

MT TR CH

1.8%

1.7%6.3%6.4%

4.9%4.7%

1.6%0.8%1.1%-1.9%

1.1%2.9%

0

50 000

100 000

150 000

200 000

250 000

300 000

350 000

400 000

1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005-3%

-2%-1%

0%1%

2%

3%4%

5%6%

7%Non-life premium

Growth

-10%

0%

10%

20%

30%

40%

50%

LU TR RO LV HR CY FI SE LT SK

HU SI ES PL CZ

DK NL

AT

CEA FR GB BE NO GR IT LI DE PT IS CH MT IE


PART A

I.3 Non-life by type of product

Motor insurance

The largest class of none-life products shows a total premium income of €127.4bn

which is a reduction of -0.2% compared to 2004. Such low growth of the main

non-life business had already been observed in 2004 (0.7%) and reflects the

competition between insurers to satisfy drivers, even while the number of ve-

hicles is increasing in most countries. The negative growth is mainly related to

liability products (-0.5%) which are mandatory almost everywhere and which

represent around 68% of total motor premiums. On the other hand, the evolu-

tion is slightly positive for damage to vehicles (1.04%).

Health and accident

The Health and accident classes products are characterised by 2.7% growth and

reached a total amount of €95.2bn in 2005. This evolution, which is lower than

in the previous years (5.7% in 2004), reflects the rise of 1.8% in health prices

(Eurostat), the growing concern of citizens for their health and welfare and their

willingness to be financially protected in case of disease or accident. This figure

also conceals developments which differ between the two branches: the health3

branch which represents approximately 30% of the premium income recorded a

growth of 5%, while the accident branch recorded a slight decrease of 0.7%.

Property insurance

The premium income in property insurance amounted to €79.8bn in 2005,

against €76.2bn in 2004. This represents a growth of 2.5% (inflation-adjusted)

which is almost double that observed between 2003 and 2004. Amongst oth-

ers factors, the rise in house and building prices on several markets, stimulated

by low interest rates, explains this increase which is nevertheless below the high

levels recorded in 2002 and 2003.

General liability

The general liability branch experienced a growth of 1.1% in 2005 against 3.3%

in 2004. The total premium income reached €31.6bn which represents 8.3% of

total premium income.

Marine Aviation and Transport

After a major fall of 21.3% in 2004, the Marine Aviation and Transport (MAT)

premium income decreased by 5.4% in real terms in 2005. This situation was

observed on several markets but is closely related to the decrease of 9.1%

observed in the United Kingdom which represents 45% of the European MAT

market. The increase in the dollar value may partly explain this dropdown in a

market widely open to international competition

Legal expenses

This class which represent only 1.4% of total non life premiums increased by

3.7%

Other covers

Finally all other non life covers including assistance, credit insurance, pecuniary

losses … show higher growth of 9.2%.

Premium income slightly

decreases in motor liability

and increases in damage to

vehicles

Growing concern of citizens

for their health increases

demand for health insurance

3A more detailed analysis of the Health insurance market in 2004 is available on the CEA Website

4 Total non-life may differ from the sum of non-life lines due to data being missing for some countries.



Table 1 | Breakdown of non-life premium income

€ million 2004 2005 Inflation-adjusted growth rate2004/2003 2005/2004

LIFE 552 681 598 859 4.1% 6.2%NON-LIFE4 364 743 379 251 1.7% 1.8%Motor 124 620 127 469 0.7% -0.2%Accident & Health 90 916 95 254 5.7% 2.7%Property 76 223 79 820 1.7% 2.5%General Liability 30 649 31 637 3.3% 1.1%MAT 13 335 12 907 -21.3% -5.4%Legal Expenses 5 089 5 381 3.3% 3.7%Other 23 433 26 130 12.1% 9.2%TOTAL 917 424 978 109 3.1% 4.5%

Graph 6 | Growth rate 05/04 by class (inflation-adjusted)

I.4 Penetration rate

The penetration rate, defined by the ratio of life premiums to GDP, does not

represent the insurance contribution to GDP (since premiums are not involved

in the calculation), but it makes it possible to compare the scope of this activity

compared with the total for the economy, the importance of the sector and its

development over time.

According to provisional figures, the penetration rate for the insurance as a

whole settled at 8.3% in 2005 and is identical to that observed in 2004 and

2003 but one point higher than in 1998 and 1.7 points higher than in 1993. The

evolution of the penetration rate is strongly related to the development of the

life insurance market over the last ten years.

Graph 7 | Penetration rate in Europe in 2005

Penentration rate remain at

the level of 8.3%

-8%

-4%

0%

4%

8%

12%

Total Life Non-life Motor Accident& health

Property Liability MAT Legalexpenses

Others

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%

18.0%

20.0%

LI LU GB BE

CH FR NL FI PT

EU (

25)

CEA

Euro

(12

) IE DK IT SE DE

AT SI

MT ES NO CY

CZ

SK

HR PL HU IS EE GR

BG LV TR LT RO


PART A

The penetration rate of life insurance in the economy showed a slight increase

from 5% in 2004 to 5.1% in 2005 but is 0.8 points higher than in 1998 and

1.7 points higher than in 1993. This average level hides differences between

European countries which reflect not only differences in living standards but

also differences in legislation, in social protection, in savings habits, in product

developments, in pension organisation …

In non-life, the penetration rate decreased by 0.1 points to 3.2% in 2005. This

level has been more or less stable throughout the last ten years. The highest

levels were recorded in Luxembourg (5.8%), the Netherlands (4.9%) and

Switzerland (4.5%) while the lowest levels are found in Romania (0.8%) and

Greece (1.1%).

ATBE

BG

CH

CYCZ

DE

DK

EEFI

FR

GB

GR

IEIT

LT

LU*

LV

MT

NL

PL

PT

SE

SI

EU 15

EU10

ES

HU

SK

EU 25

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0%

Life penetration rate

No

n-l

ife

pen

etra

tio

n r

ate

Graph 8 | Penetration rate in Europe

I.5 Density

Density, defined as the average premium per inhabitant, reflects the development

of the insurance sector in an economy and enables comparisons to be made

between countries. However, the conclusions need to be seen in relation to other

observations:

the first is that contracts may not necessarily be taken out by nationals of

the market where the premium is issued. This is the case particularly in

Switzerland and above all in Luxembourg where insurers operate largely in

other countries under the Freedom of Services Directive (FOS);

the second is related to substantial differences in the cost of living between

countries;

finally, in life insurance, participation by insurers in the management of the

1st pillar can create significant differences between countries (this is the case

in several Scandinavian countries and to some extent in Belgium and the

United Kingdom).

•

•

•

*Luxembourg’s life penetration rate is limited on the graph to allow easy reability (true value 32%)



The average premium per inhabitant rose by 6.3% (non-inflation adjusted)

in 2005 up to €1698 per inhabitant. Like the penetration rate, density is

heterogeneous across European countries. With a density greater than €25 000

per inhabitant, Luxembourg and Liechtenstein are greatly above the European

average. This level is directly related to the distribution of insurance products

across the whole European market by means of FOS which has developed over

the last ten years. Behind these two outliers, Switzerland shows an average

premium per inhabitant of above €4200 and is closely followed by the United

Kingdom (€3679/hab). The density is much lower in all eastern countries where

it ranges from €41 in Romania to €821 in Slovenia. Nevertheless, these countries

recorded the highest growth, since most of them were above 10% and even

above 40% for Romania.

The major share of the average premium relates to life insurance, which amounted

to €1040/hab in 2005 and which grew by 8.1%. The non-life density level is

€667 and grew by 5.0% in 2005. The density, as well as the penetration rate,

shows a wider spread in life than in non-life and reflects differences in economic

development but also differences in savings habits, in social protection, in pension

organisation (1st pillar), …

I.6 Place of Europe in the worldwide insurance business

According to figures published by Swiss Re in a Sigma inquiry, with 36.9%

of the world insurance business in 2004, Europe (Eastern and Western taken

together) is the world’s largest insurance market, just ahead of North America

which accounts for 36%. The development of life insurance in Europe and the

increase in insurance penetration rate in Eastern countries allowed Europe to

overtake North America in this ranking for the first time.

Behind these two leaders, Asia accounts for 22.7% of world premium income

and has slightly decreased by 0.5 points compared to 2003. This Asiatic reduction

is due to a 1% fall in life business. Other continents (Africa, Latin America and

Oceania) represent only 4.4%.

Graph 9 | Evolution of average premium per inhabitant

Average premium per

inhabitant rose by 6.3%

Europe is the world’s largest

insurance market

6.3%4.9%

0.9%0.9%

14.9%

1.8%

10.2%

4.5%9.7%7.5%

4.4%6.4%

0

200

400

600

800

1000

1200

1400

1600

1800

1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 20050.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%Average premium per inhabitant

Growh


PART A

Graph 10 | Share in worldwide premium 2004

North America36.0%

Europe(*)36.9%

Asia22.7%

Others4.4%

* Eastern and Western together (source Swiss Re)



II INVESTMENTS

II.1 Investments increase by 8.3%

According to provisional figures, total investment by the insurance industry

(estimated at their market value) amounted to €6 371bn in 2005. This amount,

estimated at market value, has advanced by 8.3% (inflation adjusted) and reflects

the dynamism of insurers in investment activities and the good performance of

the stock market, following the lows of 2001 and 2002.

Graph 11 | Evolution of investments

Life investments amount to €5161 billions and represent 81% of total invest-

ment. This amount is 8.4% (inflation-adjusted) higher than the one observed in

2004 and reflects on one side the good performance recorded on the financial

markets, and on the other the marked success of life products over several years.

The largest share of this sum is provided by the United Kingdom, France and

Germany which taken together represent 63% of total life investment.

Non-life investments amount to €1195bn and represent 19% of the total. The

rise of 8% is slightly below the rise observed in life but is much higher than the

1.7% growth observed in 2004.

The share of life investment represents 81% of the total investment and is stable

compared to 2004 but has advanced compared to 1993 when the share of life

was only 76.5%. The share is higher than 50% in all countries except for a few

eastern countries (HR, LT, LV) where life insurance is not yet as developed as it is

in other European countries.

According to 2004 figures, the insurers’ investments are mostly constituted of

fixed income products whose share accounts for 43.2% of total investments and

which has risen compared to 2003 (42.3%) and to 1998 (38.9%). The jump of

almost 5% since 1998 occurred mainly after the crisis on the stock market in

2001 and continues now despite low interest rates.

Total investment by

the insurance industry

amounted to €6 371bn in

2005

8.3%

5.7%7.4%

-0.2%3.2%1.1%

11.9%

12.3%

13.6%

11.1%

12.3%

4.4%

0

1 000 000

2 000 000

3 000 000

4 000 000

5 000 000

6 000 000

7 000 000

1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005-2%

0%

2%

4%

6%

8%

10%

12%

14%

16%

Total investmentsGrowth


PART A

Shares and other variable-yield products represent 28.2% of the total. This level

is slightly higher than in 2003 (27.9%) but lower than in 1998 (32.3%) i.e.

before the financial crisis. The share of loans has decreased to 11.9% while

the remaining 16.8% is almost equally distributed between land and buildings

(4.3%), investments in affiliated undertakings and participating interests (4.4%),

deposits with credit institutions (3.1%) and others (5%).

II.2 Investments in share / market capitalisation

The ratio of “shares held by a country’s insurers / country’s stock market total”

should not be taken as meaning that insurers hold the percentage of quoted

shares indicated. In point of fact, they hold also in their reserves shares of non-

quoted companies and, above all, shares of companies quoted on foreign

stock markets. It is however an indicator of the importance of the sector as an

institutional investor and, at European overall level, a relatively precise evaluation

in that shares held by European insurers are for the most part shares of companies

quoted in Europe.

At European level, the proportion of shareholdings by insurers in the total market

capitalisation was 24.6% in 2004 and has declined by 2 points since 2002.

Despite this withdrawal, insurers are still amongst the main institutional investors

and this role can be expect to rise in the future as the proportion of pension

products is expected to increase in the coming years and decades.

Graph 12 | Investment of Insurance companies in the EU25 economy

0

1 000

2 000

3 000

4 000

5 000

6 000

1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

€ B

illio

n

Others

Deposits with credi institutions

Loans (incl. Loans guaranteed bymortgages)Debt securitiesand other fixedincome securitiesShares and other variable yieldsecuritiesAffiliated undertakings andparticipationLand building and participating

Graph 13 | Share of life and non-life direct premium in 2004

Variable-yield products

represent 28.2% of the total

investments

The total variable yield

investments of insurer is

equivalent to 24.6% of the

European stock market

capitalisation.

0%10%20%30%40%50%60%70%80%90%

100%

LU GB

DK FI CY NL FR MT SE IE LI IT

NO PT

CEA BE ES SK

AT

CH GR PL RO

SI DE TR LT HR LV

Life Non-life



II.3 Investment / GDP

The ratio of Investments to GDP constitutes another indicator that allows an

estimation of the relative importance of the insurance sector in the economy and

mainly that allows comparison of the development of the insurance sector from

country to country. If through investments, the insurance sector contributes to

the growth of GDP, this ratio is in no way a formal indicator of the contribution

of the insurance sector to GDP.

On average, investment represents 53% of the GDP in 2004 against 51% in

2003 and 46.5% in 1998. This ratio has grown almost constantly throughout

the ten last years and constitutes an indicator of the growing role of insurers in

the financing of the economy. This growing importance of the insurance sector

reflects the success of life products over more than 10 years, which represents

the major part of the investment.

Differences between countries are very important. Luxembourg and Liechtenstein

are well above 100% due to the large share of international business which is

reported in these two countries through FOS. Behind these two outliers, countries

such as Switzerland, Sweden, the United Kingdom, Denmark and France show

ratios of between 70% and 95% and are countries where life insurance has

been very well developed for a long time. The other extreme of the ranking is

composed mainly of eastern countries where insurance is newly developed and

where the ratio has been increasing regularly for several years. Countries such as

Spain, Portugal and Austria show ratios below 25% which demonstrates that the

potential for development of insurance is still high.

Graph 14 | Share investments in GDP 2004

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

LU LI CH SE GB

DK FR NL FI BE

CEA DE IE

NO IT AT PT ES MT SI CY CZ

PL HU HR

SK

GR LT TR LV RO

Insurers’ investments

represent 53% of the GDP


PART A

III MARKET OPERATORS

III.1 Number of companies decreases

The number of companies operating in the European market fell by 0.8% in 2005

to approximately 5 300 companies. This concentration has been ongoing for

several years and is a reflection of insurers increasing their critical size in order to

operate in a large market such as the EU25 and the pursuit of economies of scale

(the more the risks are pooled and diversified, the less capital is needed to cover

the risks). The intense concentration process that is observed on the European

insurance market primarily concerns life insurers and has happened by means of

mergers and acquisitions. Although the increase in concentration slowed down

during the financial crisis, it is expected to grow again in the forthcoming years,

especially in life business.

The breakdown of these companies for 2004 shows that around 75% are

national, 22% are EU branches and only 3% are non-EU branches. On most

markets, domestic companies account for more than 90% of total premium

income. If these figures may cause one to think that the integration of the

European insurance market is not yet well developed, it has to be stressed that

its capital ownership is much more widely spread across European shareholders.

Furthermore, it can also be underlined that differences in national legislation

favour the creation of domestic companies instead of branches.

Graph 15 | Evolution of the number of companies

-0.8%

6.1%

-1.4%-1.1%-1.9%

-4.0%

-0.5%0.7%

-0.1%-0.7%0.6%

-0.7%

4 800

4 900

5 000

5 100

5 200

5 300

5 400

5 500

5 600

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

-6%

-4%

-2%

0%

2%

4%

6%

8%

Number of companiesGrowth

Approximately 5300

insurance companies

operate in Europe

The concentration process

concerns primarily life

insurers and is expected to

continue



III.2 Concentration ratio

The market share of the 5, 10 and 15 largest groups of insurers in each country and in Europe is also an indicator of the concentration of activities on the insur-ance market.

In life, on every market except the United Kingdom, Spain and Germany, which are three major markets, the share of the 5 top groups, calculated on the basis of their turnover, is above 50%. The development of this share between 1993 and 2004 shows an increase in most western countries and a decrease in Eastern Europe and Scandinavia. The share of the top 15 groups in life insurance is over 90% on almost every market apart from the three large markets quoted above.

The non-life market shows a similar pattern to the life market. The market share of the 5 top groups is above 50% on every market except for Spain and Cyprus. On average the market share of the 5 largest groups on each market was 58% in 2004 against 35.6% in 1993. The market share of the 15 largest groups is 84%, i.e. 22.8% higher than in 1993.

Both for life and for non-life, the concentration ratio of the 5 largest groups is negatively correlated with the size of the market: on the largest markets (e.g. UK, FR, ES) where there is space for a large number of companies, the market share of the largest group is lower while it is the reverse on the small markets

(IS, SI…)

III.3 Largest European groups

According to data collected by “L’argus de l’assurance”5, the 20 largest European insurance groups collected more than €634bn across the world and more specifically €461bn in Europe, which represents approximately 50% of the total premium income in Europe. These 20 leading groups operate essentially in Europe where 73% of their premium income is collected, while the remaining 27% is collected in North America (17%), Asia (9%) and in other areas (2%).

As for the whole insurance market, the 20 largest European groups are marked by heterogeneity in their size: for instance, the largest European group (Allianz) collects €88bn, which represents 8 times the premium income of the 20th group (Eureko).

Life business accounts for the greatest share of their business (73%) and of their provisions (90.5%). In terms of life premium income, Prudential is the leading European company with €58bn, followed by Axa and Allianz whose premium incomes are €46bn and €44bn respectively. The ranking of net technical provisions is slightly different. With €342bn of technical provisions, Axa is substantially ahead of the other European players and is followed by Allianz and Aviva whose levels are respectively €278bn and €244bn. The share of unit-linked products in these net technical provisions is 29%. The three leading companies in terms of technical provision also lead in term of investment. They represent more than 30% of the total investment in the Top 20.In non-life, the Top 3 ranking also includes Allianz and Axa and is completed by Zurich. The lower importance of technical provisions in non-life activities does not change the ranking when calculated on the basis of this indicator.5 December 2005

The 20 largest European

insurance groups collected

more than €634bn across the

world

Life business accounts

for 73% of their premium

income

In life, market share of TOP

5 groups is above 50% on

every market except UK,

Spain and Germany


PART A

Table 2| Ranking of the 20 largest european groups

Graph 16 | Evolution of the number of employees

Insurers employ directly

more than 1 million

employees

LIFE NON-LIFE TOTAL

GroupNetpre-mium

income

Net technical provi-sions Net pre-

mium income

Net techni-cal pro-visions

Net pre-

mium income

Net techni-cal pro-visions

Total

Of which unit

linked1.Allianz 43 843 278 036 15 848 37 407 70 856 81 250 348 892

2.Axa 45 923 342 517 114 973 20 271 42 457 66 194 384 974

3.Prudential 58 440 183 220 33 798 0 1 031 58 440 184 251

4.Generali 36 457 212 571 34 644 17 261 31 953 53 718 244 524

5.Aviva 30 517 243 616 72 532 13 911 23 078 44 428 266 694

6.ING 35 356 200 204 77 656 5 813 9 903 41 169 210 107

7.Zurich 13 641 142 724 62 592 23 140 40 830 36 781 183 554

8.Aegon 28 805 205 912 104 813 2 470 4 390 31 275 210 302

9.Legal & General 31 698 193 050 148 724 597 617 32 295 193 667

10.CNP 19 163 158 418 16 066 1 556 4 446 20 719 162 864

11.Standard Life 17 675 117 767 47 581 581 494 18 256 118 261

12.Winterthur 10 431 74 860 2 909 6 895 15 320 17 326 90 180

13.Crédit Agricole 15 734 132 784 14 425 1 304 2 125 17 038 134 909

14.Ergo 10 805 86 145 1 260 3 491 4 378 14 296 90 523

15.Fortis 9 035 75 241 18 710 4 361 6 446 13 396 81 687

16.Swisslife 12 005 87 691 22 070 627 1 222 12 632 88 913

17.Groupama 3 909 39 883 3 376 8 281 14 641 12 190 54 524

18.BNP-Paribas 9 477 63 929 24 131 958 1 994 10 435 65 923

19.Royal & Sun Alliance 1 190 0 0 8 197 18 798 9 387 18 798

20.Eureko 5 005 41 288 15 326 4 554 6 358 9 559 47 646

Total 439 109 2 879 856 831 434 161 675 301 337 600 784 3 181 193

Source: Argus de l’assurance (Dec. 2005)

III.4 Number of employees

According to provisional figures for 2005, the total number of people directly

employed in the insurance industry was slightly above 1 million employees. This

number has fallen by 0.7% compared to 2004. This decrease in the workforce

is partly due to the high competition between insurers, the concentration of the

market and the externalisation of services. Furthermore, it should be noted that

insurers provide work for approximately 1 million agents, brokers and financial

intermediaries and deal with several thousand experts, computer firms, preven-

tion officers, etc.

-0.7%0.0%

-1.5%-0.4%

0.4%0.4%0.1%0.6%

1.8%0.9%

-0.9%

-0.3%

970 000980 000990 000

1 000 0001 010 0001 020 0001 030 0001 040 0001 050 0001 060 0001 070 000

1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005-2%

-2%

-1%

-1%

0%

1%

1%

2%

2%

Number of employeesGrowth



The share of full time workers in 2004 was approximately 85% and has been

lower than the level observed in 1998 (89.8%) and 1993 (90.4%) for several

years. This development is closely related to the greater flexibility of the labour

market.

Since 1998, the share of the people directly employed by insurers in their

commercial networks has also decreased from 22.4% to 19.7%. This shift is

encountered on most national markets which are characterised by very diverse

situations: while in some countries (SI, HU, AT) the share of the personnel

employed in the commercial network is above 40%, in other countries such as

Belgium, Italy and Poland this share is less than 10%. This heterogeneity reflects

differences in distribution methods between countries.

III.5 Distribution channels

Distribution channels for insurance products show very different patterns across

European countries. While in several countries (NL, PL, SI) agents (tied or multiple)

represent more than 50% of the total insurance business, in some others banks

appear to be preferred by consumers for the purchase of insurance products (PT,

FR, IT). Although in Switzerland 84% of the premium income is directly collected

by company employees, in Austria, Spain and Belgium the share of the premium

income is more evenly allocated between the various distribution channels.

Major differences between life and non-life products require these two segments

to be treated separately.

Life distribution channels

In the United Kingdom, Ireland and Slovakia, brokers are the most important

distribution channels for life products. This predominance by independent

distributors in the UK has grown over the last few years, and is concomitant with

the fall in tied agents’ and employees’ market share.

In western continental Europe (IE, AT, BE, ES, FR, IT, PT, SE), the bancassurance

network is the leading distribution channel for life products. The share of this

channel varies from 45% in Sweden and Belgium to 83% in Portugal. In most

countries, financial establishments have generally increased their market share

during the development of individual life insurance products in the 1990s.

The importance of bancassurance in Germany is not yet as well developed as it

is in other continental countries, but its share has been developed over the last

years. Brokers and tied agents still lead the life insurance market in Germany.

Agents predominate in the markets of the Netherlands, Poland and Slovenia

where their share is above 50%.

Distribution channels varies

across European countries

Bancassurance is the leading

distribution channel for

life products in western

continental Europe


PART A

Graph 17 | Life distribution channel 2004

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

AT BE ES FR GB IE IT NL PL PT SE SI SK TR

Insurance companies employees Agents (tied and multiple)Brokers Other networks (bank, post office, etc.)Others

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

AT BE ES FR GB IT NL PL PT SI SK TR

Insurance companies employees Agents (tied and multiple)Brokers Other networks (bank, post office, etc.)Others

Graph 18 | Non-life distribution channel 2004

Agents lead the distribution

of non-life products in many

countries

Non-life distribution channels

If banks are leaders in the distribution of life insurance in many European

countries, agents (tied or multiple) lead the distribution of non-life products in

many countries. Their market share is above 50% in Italy (83%), Slovenia (71.5%),

Turkey (70.6%), Portugal (60.6%), Poland (56.2%) and the Netherlands (54%).

The lowest market shares are encountered in Austria (10.5%) and Belgium

(8.4%).

In Belgium, Slovakia and the United Kingdom, brokers are the main distribution

channels for non-life products with 67.1%, 57% and 36% market shares

respectively. Insurance companies’ employees whose market share is falling on

every market (except the UK and NL) are far from negligible players in Austria

(43.7%), France (35%) and the Netherlands (35%).

Except in the United Kingdom, the Netherlands and Portugal where they have

more than 10% of market share, bancassurance providers have not met with the

same success in non-life as in life activity. This difference may find its origins in

the savings aspect of many life products, which is close to bank products, and to

the willingness of customers to keep privileged relationships with their agents or

brokers who are often able to offer a greater proximity.

PART B

STATISTICAL SERIES

BASIC DATA 2005



-8%

-4%

0%

4%

8%

12%

Total Life Non-life Motor Accident& health

Property Liability MAT Legalexpenses

Others

I European Insurance in Figures - Basic Data 2005

I-1. Premium

Total premium (Euro million)

(Source CEA) Growth rate 05/04 Share country in total

Country Total Non-inflation

adjustedInflation-ad-

justed2004 2005

AT Austria 15 295 9.4% 7.2% 1.5% 1.6%BE Belgium 33 829 19.0% 16.1% 3.1% 3.5%BG Bulgaria 457 5.5% 0.4% 0.0% 0.0%CH Switzerland 31 590 -3.5% -4.6% 3.6% 3.2%CY Cyprus 588 5.9% 3.8% 0.1% 0.1%CZ Czech Republic 3 887 3.7% 2.1% 0.4% 0.4%DE Germany 157 800 3.7% 1.8% 16.6% 16.1%DK Denmark 16 774 6.6% 4.8% 1.7% 1.7%EE Estonia 189 0.02% 0.02% Data 2004

ES Spain 48 687 7.7% 4.1% 4.9% 5.0%FI Finland 14 302 8.4% 7.6% 1.4% 1.5%FR France 174 920 10.6% 8.5% 17.2% 17.9%GB United Kingdom 220 876 1.2% -0.8% 24.0% 22.6%GR Greece 3 923 8.3% 4.6% 0.4% 0.4%HR Croatia 1 023 14.1% 10.2% 0.1% 0.1%HU Hungary 2 767 14.6% 10.7% 0.3% 0.3%IE Ireland 12 970 8.1% 5.8% 1.3% 1.3%IS Iceland 317 1.5% 0.1% 0.03% 0.03%IT Italy 109 901 8.8% 6.4% 11.0% 11.2%LI Lichtenstein 2 713 82.6% 80.5% 0.2% 0.3%LT Lithuania 302 12.4% 9.4% 0.03% 0.03%LU Luxembourg 11 464 27.8% 23.1% 1.0% 1.2%LV Latvia 229 21.4% 13.5% 0.02% 0.02%MT Malta 247 -0.1% -2.6% 0.03% 0.03%NL The Netherlands 49 690 2.0% 0.5% 5.3% 5.1%NO Norway 11 344 4.6% 3.0% 1.1% 1.2%PL Poland 7 764 13.3% 10.9% 0.7% 0.8%PT Portugal 13 431 28.3% 25.7% 1.1% 1.4%RO Romania 890 29.5% 18.8% 0.1% 0.1%SE Sweden 22 261 18.1% 17.2% 2.1% 2.3%SI Slovenia 1 640 12.8% 10.1% 0.2% 0.2%SK Slovakia 1 366 10.0% 7.0% 0.1% 0.1%TR Turkey 4 697 19.0% 10.1% 0.4% 0.5%CEA 978 134 6.6% 4.5% 100% 100%EU (25) 925 103 6.7% 4.6% 94.5% 94.6%

in which Euro (12) 646 212 8.4% 6.2% 65.0% 66.1%Others 53 031 4.8% 2.8% 5.5% 5.4%


PART B

Life premium (Euro million)

(Source CEA) Growth rate 05/04 Share country in total Share in total

premium

Country Total Non-

inflation adjusted

Inflation-adjusted

2004 2005 2004 2005

AT Austria 7 124 15.5% 13.2% 1.1% 1.2% 44.1% 46.6%BE Belgium 24 964 25.5% 22.4% 3.6% 4.2% 70.0% 73.8%BG Bulgaria 75 45.8% 38.8% 0.0% 0.0% 12.0% 16.5%CH Switzerland 18 343 -6.1% -7.2% 3.5% 3.1% 59.7% 58.1%CY Cyprus 276 2.6% 0.5% 0.0% 0.05% 48.4% 46.9%CZ Czech Republic 1 507 1.6% -0.1% 0.3% 0.3% 39.6% 38.8%DE Germany 72 597 6.1% 4.1% 12.4% 12.1% 45.0% 46.0%DK Denmark 10 736 7.4% 5.6% 1.8% 1.8% 63.5% 64.0%EE Estonia 50 0.01% 0.01% 26.6% 26.6% Data 2004

ES Spain 20 522 8.2% 4.6% 3.4% 3.4% 42.0% 42.2%FI Finland 11 256 8.7% 7.9% 1.9% 1.9% 78.5% 78.7%FR France 120 090 14.0% 11.9% 19.1% 20.1% 66.6% 68.7%GB United Kingdom 150 629 0.1% -1.9% 27.4% 25.2% 69.0% 68.2%GR Greece 1 935 11.9% 8.1% 0.3% 0.3% 47.7% 49.3%HR Croatia 265 25.0% 20.6% 0.04% 0.04% 23.6% 25.9%HU Hungary 1 218 24.0% 19.8% 0.2% 0.2% 40.7% 44.0%IE Ireland 9 000 13.5% 11.1% 1.4% 1.5% 66.1% 69.4%IS Iceland 35 7.3% 5.8% 0.01% 0.01% 10.5% 11.1%IT Italy 73 592 12.1% 9.7% 11.9% 12.3% 65.0% 67.0%LI Lichtenstein 2 596 74.8% 72.8% 0.3% 0.4% 100.0% 95.7%LT Lithuania 84 23.1% 19.9% 0.01% 0.01% 25.3% 27.7%LU Luxembourg 9 800 24.4% 19.9% 1.4% 1.6% 87.8% 85.5%LV Latvia 16 62.6% 52.1% 0.0% 0.0% 5.1% 6.8%MT Malta 134 0.2% -2.3% 0.0% 0.0% 54.2% 54.4%NL The Netherlands 25 000 -0.5% -2.0% 4.5% 4.2% 51.6% 50.3%NO Norway 6 937 5.6% 4.1% 1.1% 1.2% 60.5% 61.1%PL Poland 3 812 22.0% 19.4% 0.5% 0.6% 45.6% 49.1%PT Portugal 9 136 46.2% 43.1% 1.1% 1.5% 59.7% 68.0%RO Romania 235 53.3% 40.5% 0.0% 0.0% 22.3% 26.4%SE Sweden 15 059 24.4% 23.4% 2.2% 2.5% 64.2% 67.6%SI Slovenia 543 26.7% 23.7% 0.1% 0.1% 29.4% 33.1%SK Slovakia 571 13.5% 10.4% 0.1% 0.1% 40.5% 41.8%TR Turkey 740 1.4% -6.2% 0.1% 0.1% 18.5% 15.8%CEA 598 876 8.4% 6.2% 100% 100% 60.2% 61.2%EU (25) 569 650 8.7% 6.5% 94.8% 95.1% 60.5% 61.6%

in which Euro (12) 385 016 12.0% 9.7% 62.2% 64.3% 57.7% 59.6%Others 29 226 2.6% 1.1% 5.2% 4.9% 56.2% 55.1%

-10%

0%

10%

20%

30%

40%

50%

60%

70%

80%

LI LV PT RO BG SI SE BE HR LU LT HU PL AT FR IE

SK IT GR FI

CEA IS DK ES DE

NO CY

CZ GB NL

MT TR CH



Non-life premium (Euro million)

(Source CEA) Growth rate 05/04 Share country in total Share in total

premium

Country Total Non-

inflation adjusted

Inflation-adjusted

2004 2005 2004 2005

AT Austria 8 171 4.6% 2.5% 2.1% 2.2% 55.9% 53.4%BE Belgium 8 865 4.0% 1.4% 2.3% 2.3% 30.0% 26.2%BG Bulgaria 383 0.1% 0.1% 88.3% 83.7% Data 2004

CH Switzerland 13 247 0.4% -0.8% 3.6% 3.5% 40.3% 41.9%CY Cyprus 312 9.1% 6.9% 0.1% 0.1% 51.6% 53.1%CZ Czech Republic 2 380 5.2% 3.5% 0.6% 0.6% 60.4% 61.2%DE Germany 85 203 1.8% -0.2% 23.0% 22.5% 55.0% 54.0%DK Denmark 6 039 5.2% 3.5% 1.6% 1.6% 36.5% 36.0%EE Estonia 139 0.04% 0.04% 73.4% 73.4% Data 2004

ES Spain 28 165 7.3% 3.8% 7.2% 7.4% 58.0% 57.8%FI Finland 3 046 7.5% 6.7% 0.8% 0.8% 21.5% 21.3%FR France 54 830 3.7% 1.7% 14.5% 14.5% 33.4% 31.3%GB United Kingdom 70 247 3.8% 1.7% 18.7% 18.5% 31.0% 31.8%GR Greece 1 988 4.9% 1.4% 0.5% 0.5% 52.3% 50.7%HR Croatia 758 10.8% 6.9% 0.2% 0.2% 76.4% 74.1%HU Hungary 1 550 8.2% 4.5% 0.4% 0.4% 59.3% 56.0%IE Ireland 3 970 -2.4% -4.5% 1.1% 1.0% 33.9% 30.6%IS Iceland 282 0.8% -0.6% 0.1% 0.1% 89.5% 88.9%IT Italy 36 309 2.5% 0.3% 9.7% 9.6% 35.0% 33.0%LI Lichtenstein 116 0.00% 0.03% 0.0% 4.3%LT Lithuania 219 8.7% 5.9% 0.1% 0.1% 74.7% 72.3%LU Luxembourg 1 664 51.7% 46.2% 0.3% 0.4% 12.2% 14.5%LV Latvia 213 19.1% 11.5% 0.1% 0.1% 94.9% 93.2%MT Malta 113 -0.5% -2.9% 0.03% 0.03% 45.8% 45.6%NL The Netherlands 24 690 4.8% 3.2% 6.5% 6.5% 48.4% 49.7%NO Norway 4 407 2.9% 1.4% 1.1% 1.2% 39.5% 38.9%PL Poland 3 952 6.0% 3.8% 0.9% 1.0% 54.4% 50.9%PT Portugal 4 295 1.9% -0.2% 1.2% 1.1% 40.3% 32.0%RO Romania 655 22.7% 12.5% 0.1% 0.2% 77.7% 73.6%SE Sweden 7 202 6.9% 6.0% 1.9% 1.9% 35.8% 32.4%SI Slovenia 1 097 7.0% 4.4% 0.3% 0.3% 70.6% 66.9%SK Slovakia 795 7.6% 4.6% 0.2% 0.2% 59.5% 58.2%TR Turkey 3 957 23.0% 13.7% 0.8% 1.0% 81.5% 84.2%CEA 379 259 4.0% 1.8% 100% 100% 39.8% 38.8%EU (25) 355 452 3.8% 1.6% 93.9% 93.7% 39.5% 38.4%


-10%

0%

10%

20%

30%

40%

50%

LU TR RO LV HR CY FI SE LT SK

HU SI ES PL CZ

DK NL

AT

CEA FR GB BE NO GR IT LI DE PT IS CH MT IE


PART B

Motor premium (Euro million)

(Source CEA) Growth rate 05/04Share country

in total Share in non-life

premium

Country Total Non-

inflation adjusted

Inflation-adjusted

2004 2005 2004 2005

AT Austria 2 841 3.5% 1.4% 2.2% 2.2% 35.2% 34.8%BE Belgium 2 996 2.2% -0.3% 2.3% 2.4% 34.4% 33.8%BG Bulgaria 231 0.2% 0.2% 60.3% 60.3% Data 2004

CH Switzerland 3 346 4.1% 2.9% 2.6% 2.6% 24.4% 25.3%CY Cyprus 147 9.0% 6.8% 0.1% 0.1% 47.3% 47.2%CZ Czech Republic 1 231 4.3% 2.6% 0.9% 1.0% 52.2% 51.7%DE Germany 22 000 -2.2% -4.1% 18.0% 17.3% 26.9% 25.8%DK Denmark 1 721 5.2% 3.5% 1.3% 1.3% 28.5% 28.5%EE Estonia 83 0.1% 0.1% 60.0% 60.0% Data 2004

ES Spain 11 688 4.0% 0.6% 9.0% 9.2% 42.8% 41.5%FI Finland 1 143 9.4% 8.5% 0.8% 0.9% 36.9% 37.5%FR France 17 800 1.0% -0.9% 14.1% 14.0% 33.3% 32.5%GB United Kingdom 19 304 1.8% -0.2% 15.3% 15.1% 28.0% 27.5%GR Greece 1 218 6.2% 2.6% 0.9% 1.0% 60.5% 61.3%HR Croatia 424 8.1% 4.3% 0.3% 0.3% 57.4% 56.0%HU Hungary 904 8.9% 5.2% 0.7% 0.7% 57.9% 58.3%IE Ireland 1 667 -2.2% -4.3% 1.4% 1.3% 41.9% 42.0%IS Iceland 141 0.8% -0.6% 0.1% 0.1% 49.9% 49.9%IT Italy 21 354 0.6% -1.6% 17.0% 16.8% 60.0% 58.8%LI Lichtenstein LT Lithuania 137 9.7% 6.9% 0.1% 0.1% 62.2% 62.7%LU Luxembourg 288 0.2% 0.2% 26.3% 17.3% Data 2004

LV Latvia 106 16.4% 8.9% 0.1% 0.1% 51.0% 49.9%MT Malta 59 -0.7% -3.1% 0.0% 0.0% 52.1% 52.0%NL The Netherlands 4 571 -0.2% -1.7% 3.7% 3.6% 19.4% 18.5%NO Norway 1 741 2.1% 0.6% 1.3% 1.4% 39.8% 39.5%PL Poland 2 467 6.0% 3.8% 1.7% 1.9% 62.4% 62.4%PT Portugal 1 997 1.6% -0.5% 1.6% 1.6% 46.7% 46.5%RO Romania 464 23.6% 13.3% 0.3% 0.4% 70.3% 70.8%SE Sweden 2 449 3.4% 2.5% 1.9% 1.9% 35.1% 34.0%SI Slovenia 459 11.0% 8.3% 0.3% 0.4% 40.3% 41.8%SK Slovakia 549 10.6% 7.6% 0.4% 0.4% 67.2% 69.1%TR Turkey 1 943 23.6% 14.3% 1.2% 1.5% 48.9% 49.1%CEA 127 467 2.0% -0.2% 100% 100% 34.3% 33.6%EU (25) 119 179 1.4% -0.7% 94.1% 93.5% 34.3% 33.5%

in which Euro (12) 89 564 0.6% -1.5% 71.2% 70.3% 35.3% 34.3%Others 8 289 11.7% 8.6% 5.9% 6.5% 33.5% 34.8%

-10%

-5%

0%

5%

10%

15%

20%

TR RO LV FI SI

SK

LT CY

HU HR PL DK

CH

CZ GR SE AT ES NO

CEA G

B BE PT IS FR IT NL

MT DE IE



Accident & Health premium (Euro million)


in total Share in non-life pre-

mium

Country Total Non-

inflation adjusted

Inflation-adjusted

2004 2005 2004 2005


CH Switzerland 5 593 -1.5% -2.7% 6.3% 5.9% 43.0% 42.2%CY Cyprus 52 7.1% 5.0% 0.05% 0.1% 17.0% 16.7%CZ Czech Republic 91 7.1% 5.4% 0.1% 0.1% 3.8% 3.8%DE Germany 33 310 2.9% 0.9% 35.6% 35.0% 38.7% 39.1%DK Denmark 1 699 5.2% 3.5% 1.8% 1.8% 28.1% 28.1%EE Estonia 8 0.01% 0.01% 5.9% 5.9% Data 2004

ES Spain 5 352 10.1% 6.5% 5.3% 5.6% 18.5% 19.0%FI Finland 846 16.4% 15.5% 0.8% 0.9% 25.7% 27.8%FR France 13 280 7.5% 5.5% 13.6% 13.9% 23.4% 24.2%GB United Kingdom 8 614 2.5% 0.5% 9.3% 9.0% 12.4% 12.3%GR Greece 91 8.3% 4.7% 0.1% 0.1% 4.4% 4.6%HR Croatia 91 15.2% 11.2% 0.1% 0.1% 11.6% 12.0%HU Hungary 65 1.4% -2.0% 0.1% 0.1% 4.5% 4.2%IE Ireland 70 6.1% 3.8% 0.1% 0.1% 1.6% 1.8%IS Iceland 31 1.0% -0.4% 0.03% 0.03% 10.9% 10.9%IT Italy 4 701 5.3% 3.0% 4.9% 4.9% 12.6% 12.9%LI Lichtenstein LT Lithuania 16 24.4% 21.1% 0.01% 0.02% 6.4% 7.4%LU Luxembourg 40 0.04% 0.04% 3.7% 2.4% Data 2004

LV Latvia 44 47.5% 38.0% 0.03% 0.05% 16.8% 20.8%MT Malta 20 5.6% 3.0% 0.02% 0.02% 16.4% 17.4%NL The Netherlands 12 535 7.7% 6.1% 12.8% 13.2% 49.4% 50.8%NO Norway 119 7.7% 6.0% 0.1% 0.1% 2.6% 2.7%PL Poland 221 6.1% 3.8% 0.2% 0.2% 5.6% 5.6%PT Portugal 1 312 3.1% 0.9% 1.4% 1.4% 30.2% 30.5%RO Romania 17 -3.0% -11.0% 0.0% 0.0% 3.3% 2.6%SE Sweden 1 608 7.0% 6.1% 1.7% 1.7% 22.3% 22.3%SI Slovenia 401 4.4% 1.9% 0.4% 0.4% 37.4% 36.5%SK Slovakia 16 2.3% -0.5% 0.02% 0.02% 2.2% 2.1%TR Turkey 617 27.0% 17.4% 0.5% 0.6% 15.1% 15.6%CEA 95 258 4.8% 2.7% 100% 100% 24.9% 25.1%EU (25) 88 776 5.0% 3.0% 93.0% 93.2% 24.7% 25.0%

in which Euro (12) 75 921 5.3% 3.3% 79.3% 79.7% 28.6% 29.1%Others 6 481 1.4% -0.4% 7.0% 6.8% 28.9% 27.2%

-20%

-10%

0%

10%

20%

30%

40%

50%

LV LT TR FI HR ES SE NL

NO FR CZ CY

GR PL IE DK

MT IT

CEA A

T BE SI PT DE

GB IS

SK

HU

CH

RO


PART B

Liability premium (Euro million)



mium

Country Total Non-

inflation adjusted

Inflation-adjusted

2004 2005 2004 2005

AT Austria 603 6.9% 4.7% 1.8% 1.9% 7.2% 7.4%BE Belgium 655 0.9% -1.6% 2.1% 2.1% 7.6% 7.4%BG Bulgaria 11 0.0% 0.0% 2.8% 2.8% Data 2004

CH Switzerland 1 234 2.0% 0.8% 4.0% 3.9% 9.2% 9.3%CY Cyprus 24 16.7% 14.3% 0.1% 0.1% 7.3% 7.8%CZ Czech Republic 307 11.1% 9.3% 0.8% 1.0% 12.2% 12.9%DE Germany 6 800 3.3% 1.3% 21.5% 21.5% 7.9% 8.0%DK Denmark 206 5.2% 3.5% 0.6% 0.7% 3.4% 3.4%EE Estonia 4 0.01% 0.01% 2.6% 2.6% Data 2004

ES Spain 1 718 5.5% 2.1% 5.3% 5.4% 6.2% 6.1%FI Finland 160 -1.8% -2.6% 0.5% 0.5% 5.8% 5.3%FR France 5 620 4.1% 2.2% 17.6% 17.8% 10.2% 10.2%GB United Kingdom 9 506 7.3% 5.2% 29.1% 30.0% 13.1% 13.5%GR Greece 51 0.0% -3.4% 0.2% 0.2% 2.7% 2.6%HR Croatia 31 32.2% 27.6% 0.1% 0.1% 3.4% 4.1%HU Hungary 64 1.0% -2.4% 0.2% 0.2% 4.4% 4.1%IE Ireland 815 -5.8% -7.8% 2.8% 2.6% 21.3% 20.5%IS Iceland 22 5.5% 4.1% 0.1% 0.1% 7.6% 7.9%IT Italy 3 116 3.9% 1.6% 9.8% 9.8% 8.5% 8.6%LI Lichtenstein LT Lithuania 12 43.6% 39.9% 0.03% 0.04% 4.1% 5.5%LU Luxembourg 59 0.2% 0.2% 5.3% 3.5% Data 2004

LV Latvia 9 -20.2% -25.3% 0.0% 0.03% 6.5% 4.4%MT Malta 6 0.8% -1.7% 0.02% 0.02% 5.1% 5.2%NL The Netherlands NO Norway 142 6.4% 4.9% 0.4% 0.4% 3.1% 3.2%PL Poland 167 6.0% 3.8% 0.5% 0.5% 4.2% 4.2%PT Portugal 95 -0.7% -2.7% 0.3% 0.3% 2.3% 2.2%RO Romania 12 -3.7% -11.7% 0.0% 0.0% 2.3% 1.8%SE Sweden 70 -84.7% -84.8% 1.5% 0.2% 6.8% 1.0%SI Slovenia 34 8.2% 5.6% 0.1% 0.1% 3.1% 3.1%SK Slovakia 26 -7.1% -9.6% 0.1% 0.1% 3.8% 3.2%TR Turkey 69 42.6% 31.9% 0.1% 0.2% 1.5% 1.7%CEA 31 648 3.2% 1.2% 100% 100% 8.4% 8.3%EU (25) 30 126 3.1% 1.0% 95.3% 95.2% 8.5% 8.5%


-90%

-70%

-50%

-30%

-10%

10%

30%

LT TR HR

CY

CZ SI GB

NO AT IS PL DK FR ES IT DE

CEA CH BE MT

HU FI PT GR IE

SK

RO LV SE



Legal expenses premium (Euro million)



mium

Country Total Non-

inflation adjusted

Inflation-adjusted

2004 2005 2004 2005

AT Austria 344 5.5% 3.3% 6.4% 6.4% 4.2% 4.2%BE Belgium 284 2.9% 0.4% 5.4% 5.3% 3.2% 3.2%BG Bulgaria 1 0.0% 0.0% 0.1% 0.1% Data 2004

CH Switzerland 194 7.1% 5.9% 3.6% 3.6% 1.4% 1.5%CY Cyprus Data 2004

CZ Czech Republic 7 -3.9% -5.4% 0.1% 0.1% 0.3% 0.3%DE Germany 3 000 2.6% 0.6% 57.5% 55.8% 3.5% 3.5%DK Denmark 2 5.2% 3.5% 0.03% 0.03% 0.03% 0.03%EE Estonia Data 2004

ES Spain 118 26.9% 22.7% 1.8% 2.2% 0.4% 0.4%FI Finland 44 10.0% 9.2% 0.8% 0.8% 1.4% 1.4%FR France 580 6.8% 4.8% 10.7% 10.8% 1.0% 1.1%GB United Kingdom 322 17.0% 14.7% 5.4% 6.0% 0.4% 0.5%GR Greece 37 23.3% 19.2% 0.6% 0.7% 1.6% 1.9%HR Croatia HU Hungary 2 33.1% 28.6% 0.04% 0.05% 0.1% 0.2%IE Ireland IS Iceland IT Italy 228 11.2% 8.8% 4.0% 4.2% 0.6% 0.6%LI Lichtenstein LT Lithuania LU Luxembourg 12 0.2% 0.2% 1.1% 0.7% Data 2004

LV Latvia MT Malta NL The Netherlands NO Norway PL Poland 177 6.0% 3.7% 2.9% 3.3% 4.5% 4.5%PT Portugal 13 29.0% 26.4% 0.2% 0.2% 0.2% 0.3%RO Romania SE Sweden SI Slovenia 1 69.4% 65.3% 0.01% 0.02% 0.05% 0.1%SK Slovakia 2 9.8% 6.8% 0.03% 0.03% 0.2% 0.2%TR Turkey 13 16.2% 7.5% 0.2% 0.2% 0.4% 0.3%CEA 5 380 5.7% 3.6% 100% 100% 1.4% 1.4%EU (25) 5 172 5.6% 3.5% 96.2% 96.1% 1.4% 1.5%

in which Euro (12) 4 660 4.5% 2.4% 87.6% 86.6% 1.8% 1.8%Others 207 7.7% 6.1% 3.8% 3.9% 0.9% 0.9%

-15%

5%

25%

45%

65%

85%

105%

SI HU PT ES GR GB FI IT TR SK CH FR PL CEA DK AT DE BE CZ


PART B

Legal expenses premium (Euro million)



mium

Country Total Non-

inflation adjusted

Inflation-adjusted

2004 2005 2004 2005


CH Switzerland 194 7.1% 5.9% 3.6% 3.6% 1.4% 1.5%CY Cyprus Data 2004

CZ Czech Republic 7 -3.9% -5.4% 0.1% 0.1% 0.3% 0.3%DE Germany 3 000 2.6% 0.6% 57.5% 55.8% 3.5% 3.5%DK Denmark 2 5.2% 3.5% 0.03% 0.03% 0.03% 0.03%EE Estonia Data 2004

ES Spain 118 26.9% 22.7% 1.8% 2.2% 0.4% 0.4%FI Finland 44 10.0% 9.2% 0.8% 0.8% 1.4% 1.4%FR France 580 6.8% 4.8% 10.7% 10.8% 1.0% 1.1%GB United Kingdom 322 17.0% 14.7% 5.4% 6.0% 0.4% 0.5%GR Greece 37 23.3% 19.2% 0.6% 0.7% 1.6% 1.9%HR Croatia HU Hungary 2 33.1% 28.6% 0.04% 0.05% 0.1% 0.2%IE Ireland IS Iceland IT Italy 228 11.2% 8.8% 4.0% 4.2% 0.6% 0.6%LI Lichtenstein LT Lithuania LU Luxembourg 12 0.2% 0.2% 1.1% 0.7% Data 2004

LV Latvia MT Malta NL The Netherlands NO Norway PL Poland 177 6.0% 3.7% 2.9% 3.3% 4.5% 4.5%PT Portugal 13 29.0% 26.4% 0.2% 0.2% 0.2% 0.3%RO Romania SE Sweden SI Slovenia 1 69.4% 65.3% 0.01% 0.02% 0.05% 0.1%SK Slovakia 2 9.8% 6.8% 0.03% 0.03% 0.2% 0.2%TR Turkey 13 16.2% 7.5% 0.2% 0.2% 0.4% 0.3%CEA 5 380 5.7% 3.6% 100% 100% 1.4% 1.4%EU (25) 5 172 5.6% 3.5% 96.2% 96.1% 1.4% 1.5%

in which Euro (12) 4 660 4.5% 2.4% 87.6% 86.6% 1.8% 1.8%Others 207 7.7% 6.1% 3.8% 3.9% 0.9% 0.9%

Property premium (Euro million)



mium

Country Total Non-

inflation adjusted

Inflation-adjusted

2004 2005 2004 2005


CH Switzerland 2 241 0.6% -0.6% 2.9% 2.8% 16.9% 16.9%CY Cyprus 75 7.5% 5.4% 0.1% 0.1% 24.2% 23.9%CZ Czech Republic 579 4.0% 2.3% 0.7% 0.7% 24.6% 24.3%DE Germany 14 100 -0.1% -2.0% 18.5% 17.7% 16.9% 16.5%DK Denmark 2 066 5.2% 3.5% 2.6% 2.6% 34.2% 34.2%EE Estonia 38 0.0% 0.0% 27.3% 27.3% Data 2004

ES Spain 6 130 8.1% 4.6% 7.4% 7.7% 21.6% 21.8%FI Finland 660 4.1% 3.3% 0.8% 0.8% 22.4% 21.7%FR France 12 700 2.7% 0.8% 16.2% 15.9% 23.4% 23.2%GB United Kingdom 19 231 5.6% 3.5% 24.0% 24.1% 26.9% 27.4%GR Greece 430 1.9% -1.5% 0.6% 0.5% 22.3% 21.6%HR Croatia 151 9.1% 5.3% 0.2% 0.2% 20.2% 19.9%HU Hungary 457 7.4% 3.8% 0.5% 0.6% 29.7% 29.5%IE Ireland 1 085 -2.9% -4.9% 1.5% 1.4% 27.5% 27.3%IS Iceland 66 1.0% -0.4% 0.1% 0.1% 23.5% 23.6%IT Italy 4 654 4.7% 2.4% 5.8% 5.8% 12.6% 12.8%LI Lichtenstein LT Lithuania 36 14.7% 11.7% 0.04% 0.04% 15.5% 16.3%LU Luxembourg 175 0.2% 0.2% 15.9% 10.5% Data 2004

LV Latvia 34 24.4% 16.4% 0.04% 0.04% 15.2% 15.9%MT Malta 24 1.0% -1.5% 0.03% 0.03% 21.0% 21.3%NL The Netherlands 3 558 1.1% -0.4% 4.6% 4.5% 14.9% 14.4%NO Norway 1 581 0.6% -0.9% 2.0% 2.0% 36.7% 35.9%PL Poland 729 6.0% 3.8% 0.8% 0.9% 18.4% 18.4%PT Portugal 672 0.5% -1.6% 0.9% 0.8% 15.9% 15.6%RO Romania 84 10.1% 1.0% 0.1% 0.1% 14.3% 12.8%SE Sweden 2 826 27.5% 26.4% 3.0% 3.5% 32.9% 39.2%SI Slovenia 150 6.6% 4.0% 0.2% 0.2% 13.7% 13.7%SK Slovakia 169 2.0% -0.8% 0.2% 0.2% 22.4% 21.2%TR Turkey 1 117 40.8% 30.2% 1.0% 1.4% 24.7% 28.2%CEA 79 827 4.6% 2.5% 100% 100% 20.9% 21.0%EU (25) 74 490 4.3% 2.2% 93.6% 93.3% 20.9% 21.0%


-10%

-5%

0%

5%

10%

15%

20%

25%

30%

35%

TR SE LV LT CY HR ES SI HU PL AT

GB

DK FI BE

CEA IT

CZ RO FR IS NL

CH

SK

NO

MT

GR PT DE IE



Maritime Aviation Transport premium (Euro million)



mium

Country Total Non-

inflation adjusted

Inflation-adjusted

2004 2005 2004 2005


CH Switzerland 291 -8.7% -9.8% 2.4% 2.3% 2.4% 2.2%CY Cyprus 7 0.0% -2.0% 0.1% 0.1% 2.4% 2.2%CZ Czech Republic 24 -5.3% -6.8% 0.2% 0.2% 1.1% 1.0%DE Germany 1 900 -0.6% -2.5% 14.3% 14.7% 2.3% 2.2%DK Denmark 139 5.2% 3.5% 1.0% 1.1% 2.3% 2.3%EE Estonia 4 0.03% 0.03% 2.9% 2.9% Data 2004

ES Spain 567 -3.2% -6.4% 4.4% 4.4% 2.2% 2.0%FI Finland 113 0.9% 0.1% 0.8% 0.9% 4.0% 3.7%FR France 1 100 -3.8% -5.6% 8.6% 8.5% 2.2% 2.0%GB United Kingdom 5 850 -7.3% -9.1% 47.6% 45.3% 9.3% 8.3%GR Greece 66 -4.3% -7.6% 0.5% 0.5% 3.6% 3.3%HR Croatia 41 22.4% 18.1% 0.2% 0.3% 4.9% 5.4%HU Hungary 12 -12.4% -15.4% 0.1% 0.1% 1.0% 0.8%IE Ireland IS Iceland 22 -4.8% -6.1% 0.2% 0.2% 8.2% 7.7%IT Italy 781 5.5% 3.2% 5.5% 6.1% 2.1% 2.2%LI Lichtenstein LT Lithuania 2 -45.8% -47.2% 0.02% 0.01% 1.5% 0.7%LU Luxembourg 408 8.5% 4.5% 2.8% 3.2% 34.3% 24.5%LV Latvia 7 -39.5% -43.4% 0.1% 0.1% 6.1% 3.1%MT Malta 5 -24.0% -25.8% 0.05% 0.04% 5.4% 4.1%NL The Netherlands 705 7.3% 5.7% 4.9% 5.5% 2.8% 2.9%NO Norway PL Poland 73 6.2% 4.0% 0.5% 0.6% 1.8% 1.8%PT Portugal 79 -2.9% -4.9% 0.6% 0.6% 1.9% 1.8%RO Romania 21 35.4% 24.2% 0.1% 0.2% 2.9% 3.2%SE Sweden 108 -11.6% -12.3% 0.9% 0.8% 1.8% 1.5%SI Slovenia 14 8.1% 5.5% 0.1% 0.1% 1.2% 1.3%SK Slovakia 5 10.6% 7.6% 0.03% 0.04% 0.6% 0.6%TR Turkey 173 0.7% -6.9% 1.2% 1.3% 5.3% 4.4%CEA 12 906 1.0% -5.4% 100% 100% 3.7% 3.4%EU (25) 12 341 -3.5% -5.5% 95.8% 95.6% 3.7% 3.5%

in which Euro (12) 6 094 1.1% -1.0% 45.1% 47.2% 2.4% 2.3%Others 564 -0.3% -3.8% 4.2% 4.4% 2.6% 2.4%

-40%

-30%

-20%

-10%

0%

10%

20%

30%

RO HR

SK

BE NL SI LU PL DK IT AT FI

CY DE PT

CEA FR IS ES CZ TR GR

GB

CH SE HU

MT LV LT


PART B

Other premium (Euro million)



mium

Country Total Non-

inflation adjusted

Inflation-adjusted

2004 2005 2004 2005

AT Austria 172 0.6% -1.5% 0.7% 0.7% 2.2% 2.1%BE Belgium 469 7.8% 5.2% 1.9% 1.8% 5.1% 5.3%BG Bulgaria 14 0.1% 0.1% 3.8% 3.8% Data 2004

CH Switzerland 349 -3.6% -4.7% 1.5% 1.3% 2.7% 2.6%CY Cyprus 7 33.3% 30.7% 0.02% 0.03% 1.8% 2.2%CZ Czech Republic 141 6.9% 5.2% 0.53% 0.54% 5.8% 5.9%DE Germany 4 093 23.7% 21.4% 14.1% 15.7% 4.0% 4.8%DK Denmark 206 5.2% 3.5% 0.8% 0.8% 3.4% 3.4%EE Estonia 2 0.01% 0.01% 1.3% 1.3% Data 2004

ES Spain 2 592 19.1% 15.2% 9.3% 9.9% 8.3% 9.2%FI Finland 80 -29.2% -29.7% 0.5% 0.3% 4.0% 2.6%FR France 3 750 8.6% 6.6% 14.7% 14.4% 6.5% 6.8%GB United Kingdom 7 422 11.0% 8.8% 28.7% 28.4% 9.9% 10.6%GR Greece 95 3.3% -0.2% 0.4% 0.4% 4.9% 4.8%HR Croatia 20 14.5% 10.5% 0.1% 0.1% 2.6% 2.7%HU Hungary 45 34.1% 29.6% 0.1% 0.2% 2.4% 2.9%IE Ireland 333 5.7% 3.5% 1.3% 1.3% 7.7% 8.4%IS Iceland IT Italy 1 475 11.3% 8.9% 5.6% 5.6% 3.7% 4.1%LI Lichtenstein LT Lithuania 16 -22.5% -24.5% 0.1% 0.1% 10.2% 7.3%LU Luxembourg 146 0.6% 0.6% 13.4% 8.8% Data 2004

LV Latvia 13 65.9% 55.2% 0.03% 0.05% 4.3% 6.0%MT Malta NL The Netherlands 3 321 5.0% 3.4% 13.5% 12.7% 13.4% 13.5%NO Norway 824 8.2% 6.6% 3.1% 3.2% 17.8% 18.7%PL Poland 118 6.0% 3.8% 0.4% 0.5% 3.0% 3.0%PT Portugal 127 5.4% 3.2% 0.5% 0.5% 2.9% 3.0%RO Romania 58 54.8% 41.9% 0.1% 0.2% 7.0% 8.8%SE Sweden 142 97.2% 95.5% 0.3% 0.54% 1.1% 2.0%SI Slovenia 38 -9.8% -12.0% 0.2% 0.1% 4.1% 3.5%SK Slovakia 27 0.1% 0.1% 3.7% 3.3% Data 2004

TR Turkey 25 -81.3% -82.7% 0.5% 0.1% 4.2% 0.6%CEA 26 120 11.3% 9.1% 100% 100% 6.4% 6.9%EU (25) 24 830 11.9% 9.7% 94.5% 95.1% 6.5% 7.0%

in which Euro (12) 16 654 12.4% 10.2% 63.1% 63.8% 5.9% 6.4%Others 1 290 0.6% -1.7% 5.5% 4.9% 5.8% 5.4%

-40%

-30%

-20%

-10%

0%

10%

20%

30%

RO HR

SK

BE NL SI LU PL DK IT AT FI

CY DE PT

CEA FR IS ES CZ TR GR

GB

CH SE HU

MT LV LT



I-2. Investments

Total investments (Euro million)



adjustedInflation-adjusted

2004 2005

AT Austria 59 873 1.0% 0.9% Data 2004

BE Belgium 183 043 20.6% 17.7% 2.6% 2.9%BG Bulgaria CH Switzerland 284 183 7.8% 6.6% 4.6% 4.5%CY Cyprus 1 586 5.2% 3.1% 0.03% 0.02%CZ Czech Republic 7 831 0.1% 0.1% Data 2004

DE Germany 1 155 655 5.8% 3.8% 18.9% 18.1%DK Denmark 182 104 14.7% 12.8% 2.7% 2.9%EE Estonia ES Spain 158 000 16.0% 12.2% 2.4% 2.5%FI Finland 103 338 16.0% 15.1% 1.5% 1.6%FR France 1 288 800 14.1% 12.0% 19.5% 20.2%GB United Kingdom 1 608 658 9.0% 6.8% 25.7% 25.2%GR Greece 8 716 9.5% 5.8% 0.1% 0.1%HR Croatia 1 709 11.9% 8.0% 0.03% 0.03%HU Hungary 4 722 0.1% 0.1% Data 2004

IE Ireland 79 800 21.0% 18.4% 1.1% 1.3%IS Iceland IT Italy 473 004 15.2% 12.6% 7.1% 7.4%LI Lichtenstein 6 394 86.8% 84.6% 0.06% 0.1%LT Lithuania 419 8.4% 5.6% 0.01% 0.01%LU Luxembourg 35 742 0.6% 0.6% Data 2004

LV Latvia 201 32.7% 24.1%MT Malta 830 17.0% 14.2% 0.01% 0.01%NL The Netherlands 325 000 12.8% 11.2% 5.0% 5.1%NO Norway 92 343 13.2% 11.5% 1.3% 1.4%PL Poland 19 841 23.8% 21.2% 0.2% 0.3%PT Portugal 38 600 17.5% 15.0% 0.6% 0.6%RO Romania 325 0.0% 0.0% Data 2004

SE Sweden 239 146 -2.6% -3.4% 4.3% 3.8%SI Slovenia 4 592 11.8% 9.1% 0.1% 0.1%SK Slovakia 1 749 0.03% 0.03% Data 2004

TR Turkey 5 163 18.1% 9.2% 0.1% 0.1%CEA 6 371 366 10.2% 8.3% 100% 100%EU (25) 5 981 249 10.1% 8.2% 93.9% 93.9%

in which Euro (12) 3 909 571 11.7% 9.9% 60.5% 61.4%Others 390 116 10.9% 9.4% 6.1% 6.1%

-20%

-10%

0%

10%

20%

30%

40%

50%

60%

LI LV PL IE BE FI PT MT

DK IT ES FR NO NL

TR SI

CEA H

R

GB

CH

GR LT DE

CY SE

Total

LifeNon-life


PART B

I-2. Investments

Total investments (Euro million)



adjustedInflation-adjusted

2004 2005

AT Austria 59 873 1.0% 0.9% Data 2004

BE Belgium 183 043 20.6% 17.7% 2.6% 2.9%BG Bulgaria CH Switzerland 284 183 7.8% 6.6% 4.6% 4.5%CY Cyprus 1 586 5.2% 3.1% 0.03% 0.02%CZ Czech Republic 7 831 0.1% 0.1% Data 2004

DE Germany 1 155 655 5.8% 3.8% 18.9% 18.1%DK Denmark 182 104 14.7% 12.8% 2.7% 2.9%EE Estonia ES Spain 158 000 16.0% 12.2% 2.4% 2.5%FI Finland 103 338 16.0% 15.1% 1.5% 1.6%FR France 1 288 800 14.1% 12.0% 19.5% 20.2%GB United Kingdom 1 608 658 9.0% 6.8% 25.7% 25.2%GR Greece 8 716 9.5% 5.8% 0.1% 0.1%HR Croatia 1 709 11.9% 8.0% 0.03% 0.03%HU Hungary 4 722 0.1% 0.1% Data 2004

IE Ireland 79 800 21.0% 18.4% 1.1% 1.3%IS Iceland IT Italy 473 004 15.2% 12.6% 7.1% 7.4%LI Lichtenstein 6 394 86.8% 84.6% 0.06% 0.1%LT Lithuania 419 8.4% 5.6% 0.01% 0.01%LU Luxembourg 35 742 0.6% 0.6% Data 2004

LV Latvia 201 32.7% 24.1%MT Malta 830 17.0% 14.2% 0.01% 0.01%NL The Netherlands 325 000 12.8% 11.2% 5.0% 5.1%NO Norway 92 343 13.2% 11.5% 1.3% 1.4%PL Poland 19 841 23.8% 21.2% 0.2% 0.3%PT Portugal 38 600 17.5% 15.0% 0.6% 0.6%RO Romania 325 0.0% 0.0% Data 2004

SE Sweden 239 146 -2.6% -3.4% 4.3% 3.8%SI Slovenia 4 592 11.8% 9.1% 0.1% 0.1%SK Slovakia 1 749 0.03% 0.03% Data 2004

TR Turkey 5 163 18.1% 9.2% 0.1% 0.1%CEA 6 371 366 10.2% 8.3% 100% 100%EU (25) 5 981 249 10.1% 8.2% 93.9% 93.9%

in which Euro (12) 3 909 571 11.7% 9.9% 60.5% 61.4%Others 390 116 10.9% 9.4% 6.1% 6.1%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

LU GB

DK LI FI

CY NL FR MT IT PT SE NO

CEA BE IE ES SK

AT

CH

GR PL RO TR SI DE

HR LT LV

Life Non-life

Life investments (Euro million)


in total Share in total investments

Country Total Non-

inflation adjusted

Inflation-adjusted

2004 2005 2004 2005

AT Austria 43 315 0.9% 0.8% 72.3% 72.3% Data 2004

BE Belgium 147 007 22.5% 19.5% 2.6% 2.8% 79.1% 80.3%BG Bulgaria CH Switzerland 201 770 7.1% 5.9% 4.0% 3.9% 71.5% 71.0%CY Cyprus 1 430 6.6% 4.5% 0.03% 0.03% 89.0% 90.2%CZ Czech Republic DE Germany 648 696 3.9% 1.9% 13.3% 12.6% 57.2% 56.1%DK Denmark 166 403 15.3% 13.3% 3.1% 3.2% 91.0% 91.4%EE Estonia ES Spain 119 000 13.5% 9.8% 2.2% 2.3% 77.0% 75.3%FI Finland 93 660 16.8% 15.9% 1.7% 1.8% 90.0% 90.6%FR France 1 131 700 14.1% 11.9% 21.2% 21.9% 87.8% 87.8%GB United Kingdom 1 484 352 9.0% 6.8% 29.3% 28.8% 92.3% 92.3%GR Greece 6 187 11.9% 8.1% 0.1% 0.1% 69.4% 71.0%HR Croatia 665 15.0% 11.0% 0.01% 0.01% 37.9% 38.9%HU Hungary IE Ireland 63 840 15.4% 13.0% 1.2% 1.2% 83.8% 80.0%IS Iceland IT Italy 397 191 17.2% 14.7% 7.2% 7.7% 82.5% 84.0%LI Lichtenstein 5 813 0.1% 90.9%LT Lithuania 162 3.4% 0.7% 0.0% 0.0% 40.5% 38.6%LU Luxembourg 33 463 0.7% 0.6% 93.6% 93.6% Data 2004

LV Latvia 48 31.7% 23.2% 24.3% 24.1%MT Malta 719 19.3% 16.4% 0.01% 0.01% 84.9% 86.6%NL The Netherlands 290 000 13.7% 12.1% 5.4% 5.6% 88.5% 89.2%NO Norway 75 947 13.3% 11.6% 1.4% 1.5% 82.2% 82.2%PL Poland 12 341 19.7% 17.2% 0.2% 0.2% 64.3% 62.2%PT Portugal 32 400 20.2% 17.7% 0.6% 0.6% 82.0% 83.9%RO Romania 191 0.0% 0.0% 58.8% 58.8% Data 2004

SE Sweden 197 556 -4.3% -5.0% 4.5% 3.8% 84.1% 82.6%SI Slovenia 2 588 9.1% 6.4% 0.05% 0.05% 57.8% 56.4%SK Slovakia 1 307 0.03% 0.03% 74.7% 74.7% Data 2004

TR Turkey 3 033 27.1% 17.5% 0.05% 0.1% 54.6% 58.7%CEA 5 160 783 10.3% 8.4% 100% 100% 80.9% 81.0%EU (25) 4 873 364 10.2% 8.3% 94.5% 94.4% 81.4% 81.5%

in which Euro (12) 3 006 459 12.2% 10.4% 57.3% 58.3% 76.6% 76.9%Others 287 418 11.0% 9.5% 5.5% 5.6% 73.6% 73.7%



-10%

0%

10%

20%

30%

40%

50%

IE PL LV ES SI FR NO BE LT CH FI DK GB DE HR SE NL IT PT MT TR CY

Non-life investments (Euro million)


in total Share in totalinvestments

Country Total Non-

inflation adjusted

Inflation-adjusted

2004 2005 2004 2005

AT Austria 16 558 1.5% 1.4% 27.7% 27.7% Data 2004

BE Belgium 36 036 13.4% 10.6% 2.9% 3.0% 20.9% 19.7%BG Bulgaria CH Switzerland 82 413 9.7% 8.4% 6.9% 6.9% 28.5% 29.0%CY Cyprus 156 -6.3% -8.1% 0.02% 0.01% 11.0% 9.8%CZ Czech Republic DE Germany 506 686 8.3% 6.3% 42.9% 42.4% 42.8% 43.8%DK Denmark 15 701 9.6% 7.7% 1.3% 1.3% 9.0% 8.6%EE Estonia ES Spain 39 000 24.5% 20.4% 2.9% 3.3% 23.0% 24.7%FI Finland 9 678 9.2% 8.3% 0.8% 0.8% 10.0% 9.4%FR France 157 100 14.3% 12.2% 12.6% 13.1% 12.2% 12.2%GB United Kingdom 124 305 8.8% 6.6% 10.6% 10.4% 7.7% 7.7%GR Greece HR Croatia 1 043 10.0% 6.2% 0.1% 0.1% 62.1% 61.1%HU Hungary IE Ireland 15 960 49.7% 46.6% 1.0% 1.3% 16.2% 20.0%IS Iceland IT Italy 75 813 5.5% 3.2% 6.6% 6.3% 17.5% 16.0%LI Lichtenstein 581 0.05% 9.09%LT Lithuania 257 11.8% 8.9% 0.02% 0.02% 59.5% 61.4%LU Luxembourg 2 279 0.2% 0.2% 6.4% 6.4% Data 2004

LV Latvia 152 33.0% 24.4% 0.01% 0.01% 75.7% 75.9%MT Malta 112 4.3% 1.8% 0.01% 0.01% 15.1% 13.4%NL The Netherlands 35 000 5.9% 4.3% 3.0% 2.9% 11.5% 10.8%NO Norway 16 396 13.0% 11.3% 1.3% 1.4% 17.8% 17.8%PL Poland 7 500 31.3% 28.5% 0.5% 0.6% 35.7% 37.8%PT Portugal 6 200 5.0% 2.8% 0.5% 0.5% 18.0% 16.1%RO Romania 134 0.0% 0.0% 41.2% 41.2% Data 2004

SE Sweden 41 590 6.4% 5.6% 3.6% 3.5% 15.9% 17.4%SI Slovenia 2 004 15.5% 12.7% 0.2% 0.2% 42.2% 43.6%SK Slovakia 442 0.04% 0.04% 25.3% 25.3% Data 2004

TR Turkey 2 130 7.3% -0.8% 0.2% 0.2% 45.4% 41.3%CEA 1 195 228 9.7% 8.0% 100% 100% 18.8% 18.8%EU (25) 1 092 530 9.6% 7.9% 91.5% 91.4% 18.4% 18.3%



PART B

Non-life investments (Euro million)


in total Share in totalinvestments

Country Total Non-

inflation adjusted

Inflation-adjusted

2004 2005 2004 2005

AT Austria 16 558 1.5% 1.4% 27.7% 27.7% Data 2004

BE Belgium 36 036 13.4% 10.6% 2.9% 3.0% 20.9% 19.7%BG Bulgaria CH Switzerland 82 413 9.7% 8.4% 6.9% 6.9% 28.5% 29.0%CY Cyprus 156 -6.3% -8.1% 0.02% 0.01% 11.0% 9.8%CZ Czech Republic DE Germany 506 686 8.3% 6.3% 42.9% 42.4% 42.8% 43.8%DK Denmark 15 701 9.6% 7.7% 1.3% 1.3% 9.0% 8.6%EE Estonia ES Spain 39 000 24.5% 20.4% 2.9% 3.3% 23.0% 24.7%FI Finland 9 678 9.2% 8.3% 0.8% 0.8% 10.0% 9.4%FR France 157 100 14.3% 12.2% 12.6% 13.1% 12.2% 12.2%GB United Kingdom 124 305 8.8% 6.6% 10.6% 10.4% 7.7% 7.7%GR Greece HR Croatia 1 043 10.0% 6.2% 0.1% 0.1% 62.1% 61.1%HU Hungary IE Ireland 15 960 49.7% 46.6% 1.0% 1.3% 16.2% 20.0%IS Iceland IT Italy 75 813 5.5% 3.2% 6.6% 6.3% 17.5% 16.0%LI Lichtenstein 581 0.05% 9.09%LT Lithuania 257 11.8% 8.9% 0.02% 0.02% 59.5% 61.4%LU Luxembourg 2 279 0.2% 0.2% 6.4% 6.4% Data 2004

LV Latvia 152 33.0% 24.4% 0.01% 0.01% 75.7% 75.9%MT Malta 112 4.3% 1.8% 0.01% 0.01% 15.1% 13.4%NL The Netherlands 35 000 5.9% 4.3% 3.0% 2.9% 11.5% 10.8%NO Norway 16 396 13.0% 11.3% 1.3% 1.4% 17.8% 17.8%PL Poland 7 500 31.3% 28.5% 0.5% 0.6% 35.7% 37.8%PT Portugal 6 200 5.0% 2.8% 0.5% 0.5% 18.0% 16.1%RO Romania 134 0.0% 0.0% 41.2% 41.2% Data 2004

SE Sweden 41 590 6.4% 5.6% 3.6% 3.5% 15.9% 17.4%SI Slovenia 2 004 15.5% 12.7% 0.2% 0.2% 42.2% 43.6%SK Slovakia 442 0.04% 0.04% 25.3% 25.3% Data 2004

TR Turkey 2 130 7.3% -0.8% 0.2% 0.2% 45.4% 41.3%CEA 1 195 228 9.7% 8.0% 100% 100% 18.8% 18.8%EU (25) 1 092 530 9.6% 7.9% 91.5% 91.4% 18.4% 18.3%


I-3. Employees and companies

(Source CEA) Companies Employees

Country Number Growth rate Number Growth rate

AT Austria 72 Data 2004 26 106 Data 2004

BE Belgium 181 Data 2004 24 141 1.7%BG Bulgaria 30 0.0% CH Switzerland 146 2.1% 41 000 -2.8%CY Cyprus 33 0.0% 1 700 0.5%CZ Czech Republic 45 12.5% 14 119 -3.3%DE Germany 670 -1.0% 233 300 -3.1%DK Denmark 210 0.0% 10 800 -1.6%EE Estonia ES Spain 320 -3.0% 48 000 -0.2%FI Finland 65 -4.4% 11 600 1.4%FR France 470 -1.1% 138 000 0.0%GB United Kingdom 1 170 0.3% 207 000 -0.5%GR Greece 99 0.0% 9 500HR Croatia 21 -4.5% 6 250 1.0%HU Hungary 28 0.0% 29 988 10.1%IE Ireland 220 1.4% 15 000 0.1%IS Iceland 11 0.0% 600IT Italy 239 -2.4% 39 136 -2.4%LI Lichtenstein 30 0.0% LT Lithuania 25 -10.7% LU Luxembourg 95 Data 2004 2 678 -1.1%LV Latvia 17 0.0% 3 100 3.7%MT Malta 21 5.0% 1 090 0.5%NL The Netherlands 300 -5.4% 47 500 -1.1%NO Norway 116 3.6% 8 700 Data 2004

PL Poland 74 0.0% 28 500 1.8%PT Portugal 70 0.0% 11 800 -0.8%RO Romania 37 -5.1% 36 000 -0.4%SE Sweden 415 -3.0% 19 000 0.5%SI Slovenia 21 31.3% 5 750 1.1%SK Slovakia 26 0.0% 6 484 Data 2004

TR Turkey 53 0.0% 12 837 5.7%CEA 5 330 -0.8% 1 039 679 -0.7%EU (25) 4 886 -1.0% 934 292 -0.8%

in which Euro (12) 2 801 -1.6% 606 761 -1.4%Others 444 0.9% 105 387 -0.5%



II Country guide

II.1 Country guide 2004

(Source CEA) Number Euro million

CountryNumber

of compa-nies

Number of em-ployees

Premium income

Life premium income

Non-life premium income

Invest-ments

Life invest-ments

Non-life invest-ments

AT Austria 72 26 267 13 975 6 166 7 809 59 873 43 315 16 558

BE Belgium 181 23 744 28 417 19 891 8 526 151 730 119 958 31 772

BG Bulgaria 30 434 52 382

CH Switzerland 143 42 186 32 816 19 585 13 232 264 315 188 956 75 353

CY Cyprus 33 1 691 550 266 284 1 495 1 330 165

CZ Czech Republic 40 14 600 3 499 1 386 2 113 7 831

DE Germany 677 240 800 152 124 68 399 83 725 1 092 122 624 409 467 713

DK Denmark 210 10 975 15 756 10 009 5 747 158 958 144 608 14 350

EE Estonia 189 50 139

ES Spain 330 48 116 45 224 18 972 26 252 136 194 104 869 31 325

FI Finland 68 11 440 13 191 10 357 2 834 89 069 80 203 8 866

FR France 475 138 000 158 226 105 341 52 885 1 129 570 992 102 137 468

GB United Kingdom 1 167 208 100 219 845 151 634 68 211 1 487 686 1 372 583 115 103

GR Greece 99 9 500 3 624 1 729 1 895 7 963 5 529 2 434

HR Croatia 22 6 190 885 209 676 1 507 571 936

HU Hungary 28 27 226 2 380 968 1 412 4 722

IE Ireland 217 14 989 11 998 7 930 4 068 65 968 55 308 10 660

IS Iceland 11 600 281 29 251

IT Italy 245 40 118 101 038 65 627 35 411 410 678 338 813 71 865

LI Lichtenstein 30 150 1 490 1 490 3 433 2 850 583

LT Lithuania 28 269 68 201 386 156 230

LU Luxembourg 95 2 709 8 972 7 875 1 097 35 742 33 463 2 279

LV Latvia 17 2 988 197 10 187 158 38 120

MT Malta 20 1 085 248 135 114 713 605 107

NL The Netherlands 317 48 035 48 695 25 136 23 559 288 005 254 953 33 052

NO Norway 112 8 700 10 381 6 283 4 097 78 045 64 157 13 888

PL Poland 74 28 677 6 091 2 778 3 313 14 243 9 165 5 078

PT Portugal 70 11 896 10 465 6 250 4 215 32 858 26 953 5 905

RO Romania 39 36 130 614 137 477 325 191 134

SE Sweden 428 18 914 19 169 12 314 6 855 249 663 209 910 39 753

SI Slovenia 16 5 690 1 457 429 1 028 4 116 2 378 1 738

SK Slovakia 26 6 484 1 198 486 713 1 749 1 307 442

TR Turkey 53 12 140 3 725 689 3 036 4 126 2 252 1 874

CEA 5 373 1 048 140 917 424 552 681 364 743 5 783 244 4 680 932 1 089 752


PART B

II.2 Country guide 2005

(Source CEA) Number Euro million

CountryNumber

of compa-nies

Number of em-

ployees

Premium income

Life premium income

Non-life premium income

Invest-ments

Life invest-ments

Non-life invest-ments

AT Austria 72 26 106 15 295 7 124 8 171 59 873 43 315 16 558

BE Belgium 181 24 141 33 829 24 964 8 865 183 043 147 007 36 036

BG Bulgaria

CH Switzerland 146 41 000 31 590 18 343 13 247 284 183 201 770 82 413

CY Cyprus 33 1 700 588 276 312 1 586 1 430 156

CZ Czech Republic 45 14 119 3 887 1 507 2 380 7 831 0 0

DE Germany 670 233 300 157 800 72 597 85 203 1 155 655 648 696 506 686

DK Denmark 210 10 800 16 774 10 736 6 039 182 104 166 403 15 701

EE Estonia 0 0 189 50 139 0 0 0

ES Spain 320 48 000 48 687 20 522 28 165 158 000 119 000 39 000

FI Finland 65 11 600 14 302 11 256 3 046 103 338 93 660 9 678

FR France 470 138 000 174 920 120 090 54 830 1 288 800 1 131 700 157 100

GB United Kingdom 1 170 207 000 220 876 150 629 70 247 1 608 658 1 484 352 124 305

GR Greece 99 9 500 3 923 1 935 1 988 8 716 6 187 0

HR Croatia 21 6 250 1 023 265 758 1 709 665 1 043

HU Hungary 28 29 988 2 767 1 218 1 550 4 722 0 0

IE Ireland 220 15 000 12 970 9 000 3 970 79 800 63 840 15 960

IS Iceland 11 600 317 35 282 0 0 0

IT Italy 239 39 136 109 901 73 592 36 309 473 004 397 191 75 813

LI Lichtenstein 30 0 2 713 2 596 116 6 394 5 813 581

LT Lithuania 25 0 302 84 219 419 162 257

LU Luxembourg 95 2 678 11 464 9 800 1 664 35 742 33 463 2 279

LV Latvia 17 3 100 229 16 213 201 48 152

MT Malta 21 1 090 247 134 113 830 719 112

NL The Netherlands 300 47 500 49 690 25 000 24 690 325 000 290 000 35 000

NO Norway 116 8 700 11 344 6 937 4 407 92 343 75 947 16 396

PL Poland 74 28 500 7 764 3 812 3 952 19 841 12 341 7 500

PT Portugal 70 11 800 13 431 9 136 4 295 38 600 32 400 6 200

RO Romania 37 36 000 890 235 655 325 191 134

SE Sweden 415 19 000 22 261 15 059 7 202 239 146 197 556 41 590

SI Slovenia 21 5 750 1 640 543 1 097 4 592 2 588 2 004

SK Slovakia 26 6 484 1 366 571 795 1 749 1 307 442

TR Turkey 53 12 837 4 697 740 3 957 5 163 3 033 2 130

CEA 5 300 1 039 679 977 677 598 801 378 876 6 371 366 5 160 783 1 195 228

PART C

STATISTICAL SERIES

COMPLETE DATA 2004



I Insurance companies in Europe

I.1 Companies operating on the market

Number of companies 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993

CEA 5 373 5 077 5 150 5 143 5 241 5 458 5 486 5 419 5 426 5 442 5 386 5 382

EU (25) 4 933 4 650 4 732 4 787 4 898 5 126 5 151 5 121 5 138 5 149 5 093 5 083

in which Euro (12) 2 846 2 922 2 949 2 977 3 040 3 234 3 260 3 237 3 292 3 307 3 310 3 341

Others 440 427 418 356 343 332 335 298 288 293 293 299

Growth 93 to 04 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994

CEA -0.3% 6.1% -1.4% -1.1% -1.9% -4.0% -0.5% 0.7% -0.1% -0.7% 0.6% -0.7%

EU (25) -0.3% 6.4% -1.7% -1.1% -2.3% -4.4% -0.5% 0.6% -0.3% -0.6% 0.7% -0.6%

in which Euro (12) -1.4% -2.6% -0.9% -0.9% -2.1% -6.0% -0.8% 0.7% -1.7% -0.5% -0.1% -0.9%

Others 0.6% 3.0% 2.2% -1.1% 3.8% 3.3% -0.9% 2.0% 3.5% -1.7% 0.0% -2.0%2004: rise due to change in definition in GB 2000: decrease due to change in defition in NL. Series revised up to 2001 only.

Companies in 2004

(Source CEA) NumberShare in

total

GB United Kingdom 1 167 21.7%DE Germany 677 12.6%FR France 475 8.8%Other EU 15 2 332 43.4%EU 15 4 651 86.6%New EU countries 282 5.2%EU 25 4 933 91.8%Others 440 8.2%

Total 5 373 100%

Companies in 1998

(Source CEA) NumberShare in

total

GB United Kingdom 832 15.2%DE Germany 719 13.1%FR France 539 9.8%Other EU 15 2 754 50.2%EU 15 4 844 88.3%New EU countries 307 5.6%EU 25 5 151 93.9%Others 335 6.1%Total 5 486 100%

-0.8%

6.1%

-1.4%-1.1%-1.9%-4.0%

-0.5%0.7%-0.1%-0.7%0.6%

-0.7%

4 8004 9005 0005 1005 2005 3005 4005 5005 600

1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005

-6%

-4%

-2%

0%

2%

4%

6%

8%

Number of companiesGrowth

Graph 19 | Evolution of the number of companies in Europe


PART C

I.2 Market share of the largest non-life insurance groups

(Source CEA)Non-life premium on national market

First 5 First 10 First 15

Country 1993 2004 1993 2004 Change 1993 2004 Change 1993 2004 Change

AT Austria 5 632 7 809 54.6% 63.8% 9.2% 75.4% 81.4% 6.0% 86.2% 90.0% 3.8%

BE Belgium 5 998 8 526 51.8% 60.1% 8.3% 68.6% 79.7% 11.1% 79.4% 90.2% 10.8%

BG Bulgaria 382 69.7% 91.0% 97.6%

CH Switzerland 7 747 13 232 58.7% 56.0% -2.7% 76.5% 76.5% 0.0% 84.3% 86.8% 2.5%

CY Cyprus 98 284 34.6% 48.5% 13.9% 53.6% 71.0% 17.4% 69.4% 84.7% 15.3%

CZ Czech Republic 2 113 84.4% 95.0% 97.2%

DE Germany 62 317 23.6% 36.4% 47.3%

DK Denmark 2 969 5 747 58.2% 69.9% 11.7% 76.1% 84.2% 8.1% 84.2% 90.2% 6.0%

EE Estonia

ES Spain 11 953 26 252 19.5% 38.7% 19.2% 30.8% 56.3% 25.4% 40.2% 68.5% 28.3%

FI Finland 1 686 2 834 87.5% 91.3% 3.8% 96.5% 98.7% 2.2% 99.5% 99.9% 0.4%

FR France 33 147 52 885 40.8% 52.4% 11.6% 59.5% 71.5% 12.0% 73.0% 83.9% 10.9%

GB United Kingdom 41 139 68 211 29.7% 53.2% 23.5% 44.4% 69.3% 24.9% 52.2% 77.1% 24.9%

GR Greece 625 1 895 38.8% 38.9% 0.1% 51.2% 56.1% 4.9% 59.5% 69.4% 9.9%

HR Croatia 676 84.2% 95.2% 99.1%

HU Hungary 500 1 412 93.8% 81.5% -12.2% 100.0% 95.0% -5.0% 100.0% 98.9% -1.1%

IE Ireland 1 460 4 068 50.1% 67.0% 16.9% 79.7% 96.8% 17.1% 94.8% 99.7% 4.9%

IS Iceland 155 251 88.0% 98.0% 10.0% 100.0% 100.0% 0.0% 100.0% 100.0% 0.0%

IT Italy 18 398 35 411 34.1% 69.3% 35.3% 51.8% 87.6% 35.9% 61.2% 92.8% 31.6%

LI Lichtenstein

LT Lithuania 201 69.7% 89.8% 97.4%

LU Luxembourg

LV Latvia 187 71.9% 97.6% 100.0%

MT Malta 114 72.1% 89.2% 94.2%

NL The Netherlands 11 064 44.0% 64.9% 74.9%

NO Norway 2 874 81.0% 95.0% 97.5%

PL Poland 3 313 83.9% 92.6% 95.0%

PT Portugal 1 836 4 215 55.1% 70.1% 15.0% 75.5% 86.2% 10.7% 84.9% 96.9% 12.0%

RO Romania 477 65.9% 87.7% 94.3%

SE Sweden 3 456 6 855 84.3% 90.8% 6.5% 94.0% 97.6% 3.6% 96.8% 98.7% 1.9%

SI Slovenia 1 028 93.0% 99.3% 100.0%

SK Slovakia 164 713 99.8% 89.7% -10.0% 100.0% 97.2% -2.8% 100.0% 99.9% -0.1%

TR Turkey 913 3 036 43.0% 47.4% 4.4% 67.0% 74.2% 7.2% 79.0% 85.6% 6.6%

CEA 214 130 252 126 35.6% 58.0% 22.4% 51.2% 75.3% 24.1% 61.1% 84.0% 22.8%

EU (25) 202 441 234 072 34.0% 58.1% 24.1% 49.5% 75.1% 25.6% 59.6% 83.7% 24.1%

in which Euro (12) 154 115 143 895 33.3% 56.7% 23.4% 49.1% 75.2% 26.1% 60.1% 84.9% 24.8%

Others 11 688 18 054 63.3% 56.7% -6.6% 80.6% 77.7% -2.9% 87.3% 87.7% 0.3%

NB: Definition of group perimeter may vary from country to country



I.3 Market share of the largest life insurance groups

(Source CEA)Non-life premium on national market

First 5 First 10 First 15

Country 1993 2004 1993 2004 Change 1993 2004 Change 1993 2004 Change

AT Austria 2 947 6 166 51.7% 52.6% 0.9% 71.7% 75.6% 3.9% 83.1% 87.5% 4.4%

BE Belgium 3 344 19 891 61.5% 73.5% 11.9% 80.8% 90.8% 9.9% 90.6% 97.0% 6.4%

BG Bulgaria 52 89.4% 100.0%

CH Switzerland 11 449 19 585 71.1% 78.3% 7.2% 86.0% 95.5% 9.5% 95.3% 99.4% 4.1%

CY Cyprus 94 266 89.2% 86.3% -2.9% 99.3% 97.3% -2.0% 100.0% 100.0% 0.0%

CZ Czech Republic 176 1 386 100.0% 75.4% -24.6% 94.7% 99.8%

DE Germany 38 911 30.9% 45.6% 56.6%

DK Denmark 3 850 10 009 74.6% 55.3% -19.3% 90.5% 73.4% -17.1% 96.2% 84.3% -11.9%

EE Estonia

ES Spain 5 511 18 972 37.2% 41.5% 4.3% 55.1% 59.6% 4.5% 65.3% 72.6% 7.4%

FI Finland 3 392 10 357 95.0% 84.9% -10.1% 100.0% 99.9% -0.1% 100.0%

FR France 48 653 105 341 47.0% 55.6% 8.6% 68.0% 81.3% 13.3% 80.3% 91.0% 10.7%

GB United Kingdom 62 884 151 634 30.4% 50.0% 19.6% 46.6% 74.8% 28.2% 57.2%

GR Greece 580 1 729 68.0% 64.0% -4.0% 83.2% 88.9% 5.7% 91.8% 97.4% 5.6%

HR Croatia 209 66.4% 89.2% 99.5%

HU Hungary 156 968 93.6% 74.2% -19.5% 100.0% 88.6% -11.4% 100.0% 98.3% -1.7%

IE Ireland 2 073 7 930 71.7% 69.0% -2.7% 93.9% 95.5% 1.6% 99.3% 99.9% 0.6%

IS Iceland 6 29 100.0% 100.0% 0.0%

IT Italy 7 935 65 627 49.4% 62.8% 13.4% 63.9% 83.1% 19.3% 72.6% 90.3% 17.7%

LI Lichtenstein

LT Lithuania 68 89.8% 100.0%

LU Luxembourg

LV Latvia 10 100.0% 100.0% 100.0%

MT Malta 135 100.0%

NL The Netherlands 11 775 25 136 55.7% 74.1% 18.4% 73.6% 91.1% 17.5% 84.6%

NO Norway 6 283 89.1% 100.0% 98.4% -1.6% 100.0%

PL Poland 375 2 778 100.0% 77.5% -22.5% 91.0% 96.0%

PT Portugal 842 6 250 54.4% 78.1% 23.7% 75.6% 90.4% 14.8% 90.6% 96.0% 5.4%

RO Romania 137 74.8% 92.3% 98.9%

SE Sweden 5 424 12 314 72.5% 70.3% -2.2% 91.7% 97.5% 5.8% 97.2% 99.7% 2.5%

SI Slovenia 429 84.3% 98.7% 100.0%

SK Slovakia 53 486 100.0% 75.2% -24.8% 93.1% 99.5%

TR Turkey 154 689 77.0% 69.0% -8.0% 91.0% 88.7% -2.3% 97.0% 96.8% -0.2%

CEA 210 582 474 866 43.5% 59.2% 15.7% 60.9% 81.5% 20.6% 70.5% 91.7% 21.2%

EU (25) 198 973 447 882 41.9% 57.9% 16.1% 59.0% 80.6% 21.6% 69.1% 91.0% 21.9%

in which Euro (12) 125 961 267 399 44.9% 61.5% 16.6% 62.6% 83.1% 20.5% 72.8% 90.6% 17.8%

Others 11 608 26 984 71.2% 80.5% 9.3% 88.0% 95.9% 7.9% 95.3% 99.5% 4.1%

NB: Definition of group perimeter may vary from country to country


PART C

I.4 Insurance groups in european businessRank 2004 (Variation

2003) Turnover Europe

North America

Asia-Pacific

OtherShare of Europe in turnover

* 2004 2003 Evol. 2004 2004 2004 2004 2004

1 Allianz DE 88 152 85 017 3.7% 66 000 16 559 4 223 1 370 75%

2 Axa FR 69 012 68 763 0.4% 44 614 13 928 7 991 2 479 65%

3 Prudential UK 58 803 50 926 15.5% 21 317 7 283 30 203 0 36%

4 Generali IT 56 339 49 603 13.6% 54 177 358 0 1 804 96%

5 (+1) Aviva UK 46 396 43 854 5.8% 42 579 2 330 1 461 26 92%

6(+1) ING NL 43 617 41 192 5.9% 11 369 20 663 9 469 2 116 26%

7(-2) Zurich CH 42 288 45 404 -6.9% 24 701 14 649 2 502 436 58%

8 Aegon NL 34 090 38 036 -10.4% 10 336 23 138 616 0 30%

9 Legal & General UK 32 834 28 064 17.0% 32 417 417 0 0 99%

10(+2) CNP FR 21 457 19 464 10.2% 20 339 0 0 1 118 95%

11(+2) Standard Life UK 18 411 16 706 10.2% 15 953 2 492 0 -34 87%

12(-2) Winterthur CH 17 662 21 494 -17.8% 15 306 1 434 922 0 87%

13(+2) Crédit Agricole FR 17 332 16 197 7.0% 17 230 0 0 102 99%

14(+2) Ergo DE 16 129 16 139 -0.1% 16 129 0 0 0 100%

15(-4) Fortis BE/NL 14 266 20 817 -31.5% 13 704 562 0 0 96%

16(+2) Swisslife CH 13 162 12 042 9.3% 13 162 0 0 0 100%

17 Groupama FR 12 669 12 742 -0.6% 12 669 0 0 0 100%

18(+2) BNP-Paribas FR 11 164 9 134 22.2% 10 613 0 239 312 95%

19(-5) Royal & Sun Alliance UK 10 787 16 328 -33.9% 8 268 2 519 0 0 77%

20(+10) Eureko NL 10 221 5 656 80.7% 10 221 0 0 0 100%

Total 634 791 617 578 2.8% 461 104 106 332 57 626 9 729 73%

CEA countries 917 424

Share in CEA 50.3%


Graph 20 | Total european direct premium in 2004

0

20 000

40 000

60 000

80 000

Allianz Axa

Prude

ntial

Genera

liAviv

aIN

GZu

rich

Aegon

Legal

& Gen

eral

CNP

Stand

ard Li

fe

Wint

erthu

r

Crédit A

grico

leErg

oFo

rtis

Swiss

life

Group

ama

BNP-P

ariba

s

Roya

l & Su

n Allia

nce

Eurek

o



LIFE NON-LIFE TOTAL

Rank GroupPrimes aquises

nettes

Net technical provisionsPrimes aquises

nettesNet technical

provisionsPrimes aquises

nettesNet technical

provisionsTotal

Of which Unit link

1 Allianz 43 843 278 036 15 848 37 407 70 856 81 250 348 892

2 Axa 45 923 342 517 114 973 20 271 42 457 66 194 384 974

3 Prudential 58 440 183 220 33 798 0 1 031 58 440 184 251

4 Generali 36 457 212 571 34 644 17 261 31 953 53 718 244 524

5 Aviva 30 517 243 616 72 532 13 911 23 078 44 428 266 694

6 ING 35 356 200 204 77 656 5 813 9 903 41 169 210 107

7 Zurich 13 641 142 724 62 592 23 140 40 830 36 781 183 554

8 Aegon 28 805 205 912 104 813 2 470 4 390 31 275 210 302

9 Legal & General 31 698 193 050 148 724 597 617 32 295 193 667

10 CNP 19 163 158 418 16 066 1 556 4 446 20 719 162 864

11 Standard Life 17 675 117 767 47 581 581 494 18 256 118 261

12 Winterthur 10 431 74 860 2 909 6 895 15 320 17 326 90 180

13 Crédit Agricole 15 734 132 784 14 425 1 304 2 125 17 038 134 909

14 Ergo 10 805 86 145 1 260 3 491 4 378 14 296 90 523

15 Fortis 9 035 75 241 18 710 4 361 6 446 13 396 81 687

16 Swisslife 12 005 87 691 22 070 627 1 222 12 632 88 913

17 Groupama 3 909 39 883 3 376 8 281 14 641 12 190 54 524

18 BNP-Paribas 9 477 63 929 24 131 958 1 994 10 435 65 923

19 Royal & Sun Alliance 1 190 0 0 8 197 18 798 9 387 18 798

20 Eureko 5 005 41 288 15 326 4 554 6 358 9 559 47 646

Total 439 109 2 879 856 831 434 161 675 301 337 600 784 3 181 193

CEA countries


Investments*

Rank Groupe 2004 2003 Evol.

1 Axa 397 899 359 520 10.7%

2 Allianz 392 092 359 893 8.9%

3 Aviva 293 461 259 080 13.3%

4 Generali 262 950 237 068 10.9%

5 ING 243 029 223 040 9.0%

6 Aegon 232 540 229 153 1.5%

7 Prudential 219 083 200 558 9.2%

8 Legal & General 207 955 169 654 22.6%

9 Zurich 192 024 185 222 3.7%

10 CNP 182 887 164 352 11.3%

11 Credit Agricole 150 517 132 850 13.3%

12 Standard Life 124 656 110 408 12.9%

13 Ergo 98 823 92 759 6.5%

14 Fortis 88 817 90 230 -1.6%

15 Swisslife 88 509 85 784 3.2%

16 Winterthur 86 109 87 349 -1.4%

17 BNP-Paribas 71 511 63 951 11.8%

18 Groupama 64 032 59 480 7.7%

19 Eureko 51 389 45 518 12.9%

20 Royal & Sun Alliance 21 938 62 115 -64.7%

3 470 221 3 217 984 7.8%

* Market value


Graph 20 | Premium of the biggest groups in 2004

0

10000

20000

30000

40000

50000

60000

70000

80000

90000

Allianz Axa

Prude

ntial

Genera

liAviv

aIN

GZu

rich

Aegon

Legal

& Gen

eral

CNP

Stand

ard Li

fe

Wint

erthu

r

Crédit A

grico

leErg

oFo

rtis

Swiss

life

Group

ama

BNP-P

ariba

s

Roya

l & Su

n Allia

nce

Eurek

o

Total Life

Non-life


PART C

II Employment in insurance companiesNumber of employees

2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993

CEA 1 048 140 1 055 894 1 046 160 1 050 404 1 046 609 1 042 118 1 040 834 1 030 576 1 008 942 999 429 1 007 746 1 007 196

EU (25) 942 044 959 160 974 140 977 416 972 501 967 969 966 439 962 053 942 113 933 656 942 381 941 131

in which Euro (12)

615 614 617 713 624 581 622 618 614 750 609 601 606 147 610 015 613 708 618 807 623 585 633 152

Others 106 096 96 734 72 020 72 988 74 108 74 149 74 395 68 523 66 829 65 773 65 365 66 065

Growth 93 to 04 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994

CEA -0.1% 0.0% -1.5% -0.4% 0.4% 0.4% 0.1% 0.6% 1.8% 0.9% -0.9% -0.3%

EU (25) -0.1% -1.0% -1.5% -0.3% 0.5% 0.5% 0.2% 0.5% 1.8% 0.8% -1.0% -0.2%

in which Euro (12)

-0.3% -0.3% -1.1% 0.3% 1.3% 0.8% 0.6% -0.6% -0.6% -0.8% -0.8% -1.5%

Others -0.3% 9.5% -0.8% -1.3% -1.5% -0.1% -0.3% 2.8% 2.5% 1.6% 0.6% -1.1%

Graph 21 | Evolution of the number of employees

-0.7%0.0%

-1.5%-0.4%0.4%0.4%

0.1%0.6%

1.8%

0.9%

-0.9%

-0.3%

970 000

980 000

990 000

1 000 000

1 010 000

1 020 000

1 030 000

1 040 000

1 050 000

1 060 000

1 070 000

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

-2%

-2%

-1%

-1%

0%

1%

1%

2%

2%

Number of employeesGrowth

Employment in 2004

(Source CEA) Number Share in total

DE Germany 240 800 23.0%GB United Kingdom 208 100 19.9%FR France 138 000 13.2%Other EU 266 703 25.4%EU 15 853 603 81.4%New EU countries* 88 441 8.4%EU 25* 942 044 89.9%Others 106 096 10.1%

Total 1 048 140 100%

*For coutries where data are available

Employment in 1998

(Source CEA) Number Share in total

DE Germany 238 800 22.9%GB United Kingdom 234 600 22.5%FR France 132 050 12.7%Other EU 268 789 25.8%EU 15 874 239 84.0%New EU countries 92 200 8.9%EU 25 966 439 92.9%Others 74 395 7.1%Total 1 040 834 100%



III Premium of european insurers

III.1 Total direct premium income

Total premium 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993

CEA 917 424 869 479 857 114 816 222 797 291 691 003 615 079 577 168 524 134 486 620 459 481 429 564

EU (25) 866 798 821 191 807 472 771 285 754 781 652 490 576 349 542 086 491 477 455 954 432 024 404 380

in which Euro (12) 595 949 558 237 529 501 498 703 458 321 431 894 389 516 379 409 360 745 341 747 314 370 281 201

Others 50 625 48 287 49 642 44 936 42 510 38 513 38 730 35 081 32 657 30 666 27 457 25 184

Growth 93 to 04 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994

CEA 4.9% 3.1% 2.5% 3.1% 1.6% 9.8% 10.1% 4.6% 6.4% 5.2% 3.7% 4.3%

EU (25) 5.0% 3.1% 2.6% 3.0% 1.6% 10.1% 11.0% 4.4% 6.2% 5.1% 3.6% 4.2%

in which Euro (12) 5.1% 4.6% 3.3% 3.8% 6.5% 3.9% 9.7% 1.6% 5.8% 3.5% 5.6% 8.6%

Others 4.1% 2.7% 0.0% 4.4% 3.0% 4.6% -3.3% 7.5% 9.8% 6.6% 4.8% 6.4%

Graph 22 | Evolution of total premium income

9.8%

3.1%2.5%3.1%1.6%10.1%

4.6%6.4%5.2%

3.7%4.3%

0100 000200 000300 000400 000500 000600 000700 000800 000900 000

1 000 000

1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

0%

2%

4%

6%

8%

10%

12%Total premiumGrowth

Total direct premium 2004 Euro million Share in total

GB United Kingdom 219 845 24.0%DE Germany 152 124 16.6%FR France 158 226 17.2%Other EU 320 523 34.9%EU 15 850 718 92.7%New EU countries 16 080 1.8%EU 25 866 798 94.5%Others 50 625 5.5%

Total 917 424 100%

III.2 Life premium income

Life premium 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993

CEA 552 681 518 082 525 344 510 815 520 035 428 333 361 028 329 723 285 713 249 888 230 589 213 025

EU (25) 524 207 490 622 495 690 483 879 495 597 405 015 335 869 307 501 265 791 231 873 215 169 199 529

in which Euro (12) 343 673 319 017 304 796 289 888 270 733 244 757 208 265 201 854 183 754 165 846 148 671 126 468

Others 28 474 27 459 29 655 26 937 24 439 23 318 25 158 22 222 19 922 18 015 15 420 13 496

Growth 93 to 04 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994

CEA 6.8% 4.1% -0.1% 1.2% -2.2% 15.1% 16.1% 7.5% 10.9% 11.8% 6.2% 5.7%

EU (25) 6.9% 4.3% 0.2% 1.0% -2.6% 16.0% 18.0% 7.2% 10.6% 11.8% 6.0% 5.3%

in which Euro (12) 7.6% 5.5% 2.4% 2.8% 4.7% 8.2% 16.2% 2.2% 10.6% 8.7% 8.3% 14.6%

Others 4.7% -0.5% -4.4% 4.9% 6.4% 0.1% -9.5% 11.9% 14.9% 10.8% 9.7% 11.2%

Total direct premum 1998 Euro million Share in total

GB United Kingdom 155 041 25.2%DE Germany 121 191 19.7%FR France 103 662 16.9%Other EU 187 772 30.5%EU 15 567 666 92.3%New EU countries 8 583 1.4%EU 25 576 249 93.7%Others 38 830 6.3%Total 615 079 100%


PART C

Graph 23 | Evolution of life premium income

4.1%-0.1%1.2%-2.2%15.1%16.1%

7.5%10.9%

11.8%

6.2%5.7%

0

100 000

200 000

300 000

400 000

500 000

600 000

1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

-5%

0%

5%

10%

15%

20%Life premium

Growth

Life direct premium 2004 Euro million Share in total

GB United Kingdom 151 634 27.4%FR France 105 341 19.1%DE Germany 68 399 12.4%Other EU 192 256 34.8%EU 15 517 630 93.7%New EU countries 6 577 1.2%EU 25 524 207 94.8%Others 28 474 5.2%

Total 552 681 100%

III.3 Non-life premium income

Non-life premium 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993

CEA 364 743 350 994 331 760 305 080 286 284 262 669 253 919 247 444 238 421 236 732 228 892 216 539

EU (25) 342 592 330 166 311 772 287 080 268 213 247 474 240 479 234 586 225 687 224 081 216 854 204 851

in which Euro (12) 252 276 238 817 224 695 208 490 196 617 187 136 181 251 177 555 176 991 175 901 165 698 154 733

Others 22 151 20 828 19 987 18 000 18 071 15 195 13 439 12 859 12 734 12 651 12 038 11 688

Growth 93 to 04 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994

CEA 2.7% 1.7% 6.3% 6.4% 4.9% 4.7% 1.6% 0.8% 1.1% -1.9% 1.1% 2.9%

EU (25) 2.6% 1.4% 6.3% 6.6% 5.3% 4.3% 1.2% 0.8% 1.1% -2.0% 1.2% 3.0%

in which Euro (12) 2.6% 3.5% 4.2% 5.4% 3.6% 3.0% 2.1% 1.0% 0.8% -1.4% 3.2% 3.7%

Others 3.4% 6.9% 6.5% 3.6% -1.5% 11.5% 8.8% 0.0% 2.1% 0.8% -1.1% 1.0%

Graph 24 | Evolution of non-life premium income

1.7%6.3%6.4%

4.9%4.7%

1.6%0.8%1.1%-1.9%1.1%2.9%

0

50 000

100 000

150 000

200 000

250 000

300 000

350 000

400 000

1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

-3%-2%-1%0%1%2%3%4%5%6%7%

Non-life premium

Growth

Life direct premium 1998 Euro million Share in total

GB United Kingdom 109 759 30.4%FR France 64 913 18.0%DE Germany 52 505 14.5%Other EU 105 956 29.3%EU 15 333 134 92.3%New EU countries 2 721 0.8%EU 25 335 854 93.0%Others 25 173 7.0%Total 361 028 100%



Non-life direct premium 2004 Euro million Share in total

DE Germany 83 725 23.0%GB United Kingdom 68 211 18.7%FR France 52 885 14.5%Other EU 128 268 35.2%EU 15 333 088 91.3%New EU countries 9 503 2.6%EU 25 342 592 93.9%Others 22 151 6.1%

Total 364 743 100%

III.4 Direct premium by origine

Direct premium by origine

2004 2003 2002 2001

Life Non-life Life Non-life Life Non-life Life Non-life

CEA 60.2% 39.8% 59.6% 40.4% 61.3% 38.7% 62.6% 37.4%EU (25) 60.5% 39.5% 59.8% 40.2% 61.4% 38.6% 62.8% 37.2%

in which Euro (12) 57.7% 42.3% 57.2% 42.8% 57.6% 42.4% 58.2% 41.8%Others 56.2% 43.8% 56.9% 43.1% 59.7% 40.3% 59.9% 40.1%


2000 1999 1998 1997


CEA 64.5% 35.5% 62.0% 38.0% 58.7% 41.3% 57.1% 42.9%EU (25) 64.9% 35.1% 62.1% 37.9% 58.3% 41.7% 56.7% 43.3%

in which Euro (12) 57.9% 42.1% 56.7% 43.3% 53.5% 46.5% 53.2% 46.8%Others 57.5% 42.5% 60.5% 39.5% 65.2% 34.8% 63.3% 36.7%


1996 1995 1994 1993


CEA 54.5% 45.5% 51.4% 48.6% 50.2% 49.8% 49.6% 50.4%EU (25) 54.1% 45.9% 50.9% 49.1% 49.8% 50.2% 49.3% 50.7%

in which Euro (12) 50.9% 49.1% 48.5% 51.5% 47.3% 52.7% 45.0% 55.0%

Others 61.0% 39.0% 58.7% 41.3% 56.2% 43.8% 53.6% 46.4%

Graph 25 | Premium income by origine

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

Non-lifeLife

Non-life direct premium 1998 Euro million Share in total

DE Germany 68 686 27.1%GB United Kingdom 45 282 17.8%FR France 38 749 15.3%Other EU 81 815 32.2%EU 15 234 532 92.4%New EU countries 5 863 2.3%EU 25 240 395 94.7%Others 13 524 5.3%Total 253 919 100%


PART C

IV Investments

IV.1 Total investments

Total investments

2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993

CEA 5 783 244 5 359 447 5 051 347 4 982 867 4 809 959 4 537 035 3 967 191 3 465 767 2 917 136 2 553 990 2 231 941 2 089 169

EU (25) 5 431 492 5 012 782 4 701 404 4 652 506 4 505 728 4 254 211 3 715 973 3 236 472 2 699 978 2 357 365 2 054 247 1 926 043in which Euro

(12)3 499 772 3 216 675 2 948 472 2 806 422 2 482 610 2 428 913 2 186 528 1 927 684 1 721 306 1 495 161 1 282 790 1 144 992

Others 351 752 346 665 349 943 330 360 304 231 282 824 251 218 229 295 217 158 196 625 177 694 163 126

Growth 93 to 04 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994

CEA 7.4% 5.7% 7.4% -0.2% 3.2% 1.1% 11.9% 12.3% 13.6% 11.1% 12.3% 4.4%

EU (25) 7.5% 5.9% 7.7% -0.3% 3.1% 1.0% 12.0% 12.6% 14.0% 11.2% 13.0% 4.3%in which Euro

(12)8.7% 6.7% 7.1% 2.9% 10.7% 0.0% 10.0% 12.1% 12.7% 13.4% 12.5% 8.8%

Others 5.4% 2.9% 2.4% 1.2% 4.7% 2.5% 9.9% 8.5% 8.2% 10.5% 4.2% 6.2%

Graph 26 | Titre

5.7%7.4%-0.2%3.2%1.1%

11.9%

12.3%

13.6%

11.1%

12.3%

4.4%

0

1 000 000

2 000 000

3 000 000

4 000 000

5 000 000

6 000 000

7 000 000

1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

-2%0%2%4%6%8%10%12%14%16%

Total investmentsGrowth

Total investments 2004 Euro million Share in total

GB United Kingdom 1 487 686 25.7%DE Germany 1 092 122 18.9%FR France 1 129 570 19.5%Other EU 1 686 701 29.2%EU 15 5 396 079 93.3%New EU countries 35 413 0.6%EU 25 5 431 492 93.9%Others 351 752 6.1%

Total 5 783 244 100%

IV.2 Life investmentsLife investments

2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993

CEA 4 680 932 4 321 656 4 085 195 4 069 370 3 942 046 3 688 471 3 159 616 2 732 678 2 261 204 1 966 498 1 712 418 1 597 183

EU (25) 4 421 955 4 066 940 3 826 795 3 825 455 3 713 017 3 470 882 2 966 795 2 559 958 2 098 920 1 816 864 1 578 154 1 475 124

Euro (12) 2 679 874 2 440 642 2 238 417 2 144 103 1 881 980 1 840 627 1 644 860 1 429 243 1 267 750 1 084 793 925 313 811 528

Others 258 977 254 717 258 400 243 915 229 029 217 590 192 821 172 720 162 284 149 634 134 265 122 058

Growth 93 to 04 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994

CEA 7.9% 6.0% 7.4% -1.1% 2.9% 1.6% 14.0% 13.4% 14.8% 11.8% 13.1% 4.9%

EU (25) 8.1% 6.2% 7.7% -1.2% 3.0% 1.7% 14.3% 13.6% 15.2% 12.0% 13.7% 4.7%

Euro (12) 9.4% 7.6% 6.9% 2.2% 11.6% 0.0% 10.8% 13.7% 13.5% 15.1% 13.1% 10.8%

Others 5.3% 2.1% 1.9% 1.2% 2.6% 0.6% 10.1% 11.0% 9.0% 8.5% 5.0% 7.2%

Total investments 1998 Euro million Share in total

GB United Kingdom 1 231 244 31.0%DE Germany 751 301 18.9%FR France 715 028 18.0%Other EU 1 006 305 25.4%EU 15 3 703 878 93.4%New EU countries 12 013 0.3%EU 25 3 715 890 93.7%Others 251 300 6.3%Total 3 967 191 100%

*All investments are estimates at their market values



Graph 27 | Evolution of life investments

6.0%7.4%

-1.1%2.9%1.6%14.0%13.4%

14.8%

11.8%

13.1%

4.9%

0500 000

1 000 0001 500 0002 000 0002 500 0003 000 0003 500 0004 000 0004 500 0005 000 000

1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

-2%

0%

2%

4%

6%

8%

10%

12%

14%

16%Life investmentsGrowth

Life investments 2004 Euro million Share in total

GB United Kingdom 1 372 583 29.3%FR France 992 102 21.2%DE Germany 624 409 13.3%Other EU 1 417 881 30.3%EU 15 4 406 975 94.1%New EU countries 14 980 0.3%EU 25 4 421 955 94.5%Others 258 977 5.5%

Total 4 680 932 100%

IV.3 Non-life investmentsNon-life investments

2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993

CEA 1 089 752 1 023 623 964 640 912 480 866 910 847 914 806 961 733 089 653 554 585 414 518 520 489 643

EU (25) 996 984 934 106 874 615 827 273 792 712 783 413 749 178 676 514 598 680 538 423 475 090 448 575

Euro (12) 819 897 775 181 710 055 662 319 600 630 588 286 541 667 498 442 453 556 410 368 357 477 331 866

Others 92 768 89 516 90 025 85 207 74 198 64 501 57 782 56 575 54 874 46 991 43 429 41 068

Growth 93 to 04 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994

CEA 5.4% 4.6% 6.0% 3.6% 4.2% -1.2% 3.5% 8.3% 9.4% 8.9% 9.9% 3.0%

EU (25) 5.4% 4.6% 6.4% 3.9% 3.5% -2.0% 3.0% 9.0% 9.7% 8.2% 10.6% 3.0%

Euro (12) 6.7% 3.8% 7.5% 5.2% 8.1% 0.1% 7.5% 7.4% 10.5% 8.8% 10.9% 4.1%

Others 5.8% 4.2% 2.6% 1.0% 10.9% 8.6% 9.1% 0.7% 5.8% 16.8% 1.9% 3.1%

Graph 28 | Evolution of non-life investments

4.6%6.0%

3.6%4.2%-1.2%3.5%

8.3%9.4%8.9%

9.9%

3.0%

0

200 000

400 000

600 000

800 000

1 000 000

1 200 000

1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

-2%

0%

2%

4%

6%

8%

10%

12%

Non-life investments

Growth

Life investments 1998 Euro million Share in total

GB United Kingdom 1 082 239 34.3%FR France 612 799 19.4%DE Germany 463 861 14.7%Other EU 800 409 25.3%EU 15 2 959 308 93.7%New EU countries 7 482 0.2%EU 25 2 966 790 93.9%Others 192 826 6.1%Total 3 159 616 100%


PART C

Non-life investments 2004 Euro million Share in total

DE Germany 467 713 42.9%FR France 137 468 12.6%GB United Kingdom 115 103 10.6%Other EU 257 520 23.6%EU 15 977 804 89.7%New EU countries 7 880 0.7%EU 25 985 684 90.5%Others 104 068 9.5%

Total 1 089 752 100%

IV.4 Investments by origine

Investments by origine2004 2003 2002 2001


CEA 81.1% 18.9% 80.8% 19.1% 80.9% 19.1% 81.7% 18.3%EU (25) 81.6% 18.4% 81.3% 18.7% 81.4% 18.6% 82.2% 17.8%in which Euro (12) 76.6% 23.4% 75.9% 24.1% 75.9% 24.1% 76.4% 23.6%

Others 73.6% 26.4% 74.0% 26.0% 74.2% 25.8% 74.1% 25.9%




Others 75.5% 24.5% 77.1% 22.9% 76.9% 23.1% 75.3% 24.7%




Others 74.7% 25.3% 76.1% 23.9% 75.6% 24.4% 74.8% 25.2%

Graph 29 | Investments by origine

0%

20%

40%

60%

80%

100%

1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

Non-life

Life

Total investments 2004 Life Non-life

GB United Kingdom 92.3% 7.7%FR France 87.8% 12.2%

DE Germany 57.2% 42.8%

Other EU 84.1% 15.9%EU 15 81.7% 18.3%New EU countries 65.5% 34.5%EU 25 81.6% 18.4%Others 73.6% 26.4%

Total 81.1% 18.9%

Non-life investments 1998 Euro million Share in total

DE Germany 287 440 35.6%FR France 102 229 12.7%GB United Kingdom 149 005 18.5%Other EU 205 896 25.5%EU 15 744 570 92.3%New EU countries 4 531 0.6%EU 25 749 101 92.8%Others 57 860 7.2%Total 806 961 100%

Total investments 1998 Life Non-life

GB United Kingdom 87.9% 12.1%FR France 85.7% 14.3%DE Germany 61.7% 38.3%Other EU 79.5% 20.5%EU 15 79.9% 20.1%New EU countries 61.9% 38.1%EU 25 79.8% 20.2%Others 76.9% 23.1%Total 79.7% 20.3%



IV.5 Investments per category

Country 2004 (a) (b) (c) (d) (e) (f) (g)

AT Austria 59 873 3 363 7 252 17 532 21 194 6 594 1 647 2 291BE Belgium 151 730 3 808 8 862 28 320 97 220 6 275 2 717 4 528BG Bulgaria CH Switzerland 264 315 22 561 34 687 20 113 131 429 25 619 13 901 16 006CY Cyprus 1 495 143 5 309 430 119 431 58CZ Czech Republic 7 831 325 839 4 857 158 843 808DE Germany 1 092 122 23 921 127 444 252 070 111 590 553 833 20 414 2 850DK Denmark 158 958 4 112 12 308 40 150 97 712 65 810 3 801EE Estonia ES Spain 136 194 5 011 4 858 8 867 86 937 2 126 8 928 19 467FI Finland 89 069 9 487 1 396 24 035 50 141 3 067 903 40FR France 1 129 570 47 359 274 361 774 446 9 845 15 917 7 642GB United Kingdom 1 487 686 89 652 669 536 571 735 19 898 86 811 50 055GR Greece 7 963 828 544 1 177 3 352 108 698 1 256HR Croatia HU Hungary 4 722 50 310 234 3 725 29 187 188IE Ireland 65 968 4 086 29 899 21 820 10 163IS Iceland IT Italy 410 678 4 800 22 123 35 943 203 929 1 619 175 142 089LI Lichtenstein LT Lithuania LU Luxembourg 35 742 87 16 562 14 064 1 2 922 2 106LV Latvia 158 16 7 7 71 5 52 0MT Malta 713 37 21 68 280 7 61 238NL The Netherlands 287 752 14 120 9 235 80 351 120 809 44 652 7 012 11 573NO Norway PL Poland 15 639 225 1 257 1 090 9 412 22 626 3 006PT Portugal 32 858 1 247 625 3 522 18 807 61 848 7 747RO Romania 325 20 2 18 199 84 2SE Sweden 249 663 7 094 19 404 99 223 111 846 1 528 10 328 240SI Slovenia 4 116 165 161 1 248 1 148 128 730 534SK Slovakia 1 749 67 40 64 1 086 198 272 21TR Turkey 4 126 273 348 32 2 960 473 41CEA 5 701 016 242 857 250 890 1 605 570 2 461 199 675 957 177 792 286 750EU (25) 5 432 249 220 003 215 853 1 585 407 2 326 611 650 338 163 334 270 702

in which Euro (12) 3 499 519 118 117 182 339 772 639 1 524 309 628 181 62 182 211 752Others 268 766 22 854 35 037 20 163 134 588 25 619 14 457 16 049

(a) Land and buildings and participating interests (b) Investments in affiliated undertakings and participating interests (c) Shares and other variable-yield securities and units in unit trusts (d) Debt securities and other fixed-income securities (e) Loans, including loans guaranteed by mortgages (f) Deposits with credit institutions (g) Other investments

Graph 30 | Investments per category in 1998 and 2004

1998(a)

5.3%

(b)4.0%

(c)32.3%

(e)13.9%

(f)1.4%

(g)4.3%

(d)38.9%

2004

(a)4.3%

(b)4.4%

(c)28.2%

(e)11.9%

(f)3.1%

(g)5.0%

(d)43.2%


PART C

V Importance of insurance in Europe

V.1 Share in GDPTotal premium 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993

CEA 8.3% 8.3% 8.2% 8.2% 8.3% 7.7% 7.2% 7.1% 6.8% 6.7% 6.6% 6.6%

EU (25) 8.5% 8.4% 8.4% 8.3% 8.4% 7.8% 7.2% 7.2% 6.8% 6.7% 6.6% 6.7%

in which Euro (12) 7.9% 7.7% 7.5% 7.3% 7.0% 6.9% 6.5% 6.6% 6.4% 6.3% 6.1% 5.9%

Others 6.1% 6.1% 6.3% 6.6% 6.0% 6.3% 6.7% 6.4% 6.4% 6.3% 6.2% 5.8%

Life premium 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993

CEA 5.0% 4.9% 5.0% 5.1% 5.4% 4.8% 4.2% 4.1% 3.7% 3.4% 3.3% 3.3%

EU (25) 5.2% 5.0% 5.1% 5.2% 5.5% 4.8% 4.2% 4.1% 3.7% 3.4% 3.3% 3.3%

in which Euro (12) 4.6% 4.4% 4.3% 4.2% 4.1% 3.9% 3.5% 3.5% 3.3% 3.1% 2.9% 2.6%

Others 3.4% 3.5% 3.8% 4.0% 3.5% 3.8% 4.4% 4.1% 3.9% 3.7% 3.5% 3.1%

Non-life premium 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993

CEA 3.3% 3.3% 3.2% 3.1% 3.0% 2.9% 3.0% 3.0% 3.1% 3.2% 3.3% 3.3%

EU (25) 3.4% 3.4% 3.2% 3.1% 3.0% 3.0% 3.0% 3.1% 3.1% 3.3% 3.3% 3.4%

in which Euro (12) 3.4% 3.3% 3.2% 3.0% 3.0% 3.0% 3.0% 3.1% 3.3% 3.2% 3.2%

Others 2.7% 2.6% 2.5% 2.7% 2.6% 2.5% 2.3% 2.4% 2.5% 2.6% 2.7% 2.7%

Total investments 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993

CEA 52.7% 51.0% 48.6% 50.1% 48.9% 50.7% 46.5% 42.7% 37.9% 35.0% 32.3% 32.5%

EU (25) 53.4% 51.5% 48.8% 50.1% 49.3% 50.9% 46.7% 42.7% 37.6% 34.6% 31.8% 32.1%

in which Euro (12) 46.6% 44.3% 41.7% 41.0% 36.3% 38.7% 36.5% 33.5% 30.5% 27.7% 24.9% 24.0%

Others 43.8% 45.1% 45.4% 49.7% 43.7% 47.9% 43.8% 42.6% 42.8% 40.7% 40.4% 37.7%

Comparing sums collected in insurance with GDP for each country is just a first indicator of the of insurance sector in the economy

comparing across different countries. One has to keep in mind that a more precise indicator should be based on added value of the

insurance sector which shows the real contribution of the enterprises in the GDP.

V.2 Average premium per inhabitantTotal premium 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993

CEA 1 597 1 522 1 508 1 494 1 468 1 277 1 159 1 108 1 011 940 901 847

EU (25) 1 897 1 805 1 782 1 701 1 670 1 448 1 281 1 217 1 106 1 026 987 927

in which Euro (12) 1 929 1 818 1 736 1 638 1 512 1 429 1 292 1 261 1 203 1 143 1 054 947

Others 431 415 430 483 465 426 478 465 439 418 381 355

Life premium 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993

CEA 962 907 924 935 957 792 680 633 551 483 452 420

EU (25) 1 147 1 078 1 094 1 067 1 097 899 747 691 598 522 491 457

in which Euro (12) 1 113 1 039 1 000 952 893 810 691 671 613 555 499 426

Others 242 236 257 290 268 258 310 294 268 246 214 190

Non-life premium 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993

CEA 635 614 584 558 527 485 478 475 460 457 449 427

EU (25) 750 726 688 633 594 549 535 527 508 504 495 469

in which Euro (12) 817 778 737 685 649 619 601 590 590 588 556 521

Others 189 179 173 194 198 168 166 170 171 173 167 165

Comparing insurance premium amounts to the number of inhabitants in each country is a good indicator of insurance development

in those countries. However, this ratio should be carefully analysed. Not only does it not correspond to sums actually paid by insureds

but in addition it does not always include premiums paid by the inhabitants of the country concerned, like Luxembourg, where insurers

largely benefit from freedom to provide services (FOS).



VI European non-life insurance

VI.1 European non-life per class

Graph 31 | Evolution of motor premium income

0.7%3.5%3.7%6.9%

4.6%4.2%1.2%-0.5%-1.1%0.0%3.2%

0

20 000

40 000

60 000

80 000

100 000

120 000

140 000

1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

-2%-1%0%1%2%3%4%5%6%7%8%

Motor premium

Growth

Motor premium 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993

CEA 124 955 121 443 117 422 110 683 101 913 93 247 87 949 85 301 83 956 82 277 80 642 75 826

EU (25) 117 538 114 697 111 100 105 131 96 235 88 372 83 428 81 255 79 963 78 134 76 802 72 056

in which Euro (12) 89 007 86 787 82 870 77 960 71 219 68 492 65 243 64 722 66 178 65 024 62 452 57 923

Others 7 417 6 747 6 323 5 552 5 677 4 875 4 522 4 046 3 993 4 143 3 839 3 770

Growth 93 to 04 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994

CEA 2.4% 0.7% 3.5% 3.7% 6.9% 4.6% 4.2% 1.2% -0.5% -1.1% 0.0% 3.2%

EU (25) 2.3% 0.1% 3.2% 3.7% 7.5% 4.4% 4.3% 1.1% -0.7% -0.9% 0.0% 3.3%

in which Euro (12)

2.0% 0.4% 2.5% 3.9% 7.1% 1.8% 3.9% -0.2% -2.1% -1.1% 1.9% 4.2%

Others 2.9% 10.0% 8.9% 3.2% -2.3% 8.2% 2.9% 4.9% 2.4% -3.8% 1.5% -0.6%

Graph 32 | Evolution of accident and health premium income

5.7%5.5%

10.9%

4.6%

-2.3%4.1%2.9%4.0%3.7%5.0%5.0%

0

20 000

40 000

60 000

80 000

100 000

1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

-4%

-2%

0%

2%

4%

6%

8%

10%

12%

Accident & Health

Growth

Accident & Health

2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993

CEA 90 932 84 470 79 751 74 706 66 225 65 525 62 041 59 333 56 645 53 712 49 580 45 901

EU (25) 84 537 78 532 73 815 69 212 61 659 61 924 59 204 56 514 53 924 51 018 47 026 43 487

in which Euro (12) 72 079 66 865 62 452 58 355 51 239 53 013 51 171 49 060 47 781 45 295 41 549 38 483

Others 6 395 5 939 5 936 5 494 4 566 3 601 2 837 2 819 2 722 2 694 2 554 2 414

Growth 93 to 04 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994

CEA 4.4% 5.7% 5.5% 4.6% 10.9% -2.3% 4.1% 2.9% 4.0% 3.7% 5.0% 5.0%

EU (25) 4.2% 5.5% 5.7% 4.6% 10.5% -3.6% 3.1% 3.2% 3.9% 3.8% 5.3% 5.2%

in which Euro (12)

4.0% 5.8% 5.2% 4.8% 11.5% -5.4% 2.5% 3.0% 3.6% 4.1% 5.2% 4.7%

Others 7.4% 8.2% 2.6% 3.4% 17.1% 19.9% 23.4% -3.4% 7.5% 2.0% -0.4% 3.1%


PART C

Graph 33 | Evolution of property premium income

1.7%8.5%9.2%

7.4%

-0.2%-0.7%-1.8%0.0%-0.5%-1.2%2.9%

0

10 000

20 00030 000

40 000

50 000

60 00070 000

80 000

90 000

1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

-4%

-2%

0%

2%

4%

6%

8%

10%Property

Growth

Property 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993

CEA 76 291 73 442 68 289 61 204 56 378 54 010 53 503 53 403 51 556 50 363 49 636 47 210

EU (25) 71 444 68 711 63 705 57 190 52 586 50 585 50 376 50 318 48 472 47 340 46 738 44 432

in which Euro (12) 46 832 44 763 41 576 37 620 34 575 34 831 33 798 33 563 34 308 33 124 30 932 29 162

Others 4 848 4 731 4 584 4 014 3 792 3 425 3 127 3 085 3 084 3 023 2 898 2 778

Growth 93 to 04 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994

CEA 2.2% 1.7% 8.5% 9.2% 7.4% -0.2% -0.7% -1.8% 0.0% -0.5% -1.2% 2.9%

EU (25) 2.2% 1.6% 8.7% 9.4% 7.6% -0.5% -1.1% -1.6% 0.0% -0.7% -1.1% 2.9%

in which Euro (12) 2.6% 2.5% 5.6% 8.2% 6.6% -2.8% 2.2% -0.4% -1.6% 1.7% 3.9% 2.9%

Others 2.7% 3.2% 5.2% 6.2% 5.6% 3.5% 6.1% -3.5% 0.7% 1.9% -1.6% 2.9%

Graph 34 | Evolution of general liability premium income

3.3%13.7%12.9%

8.1%2.9%

-1.0%0.0%1.0%0.2%4.5%5.4%

0

5 000

10 000

15 000

20 000

25 000

30 000

35 000

1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

-2%

0%

2%

4%

6%8%

10%

12%

14%

16%LiabilityGrowth

Liability 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993

CEA 30 660 29 760 26 522 22 992 20 892 19 542 19 435 19 118 18 336 17 798 16 673 15 486

EU (25) 29 209 28 310 25 218 21 749 19 792 18 529 18 447 18 160 17 348 16 800 15 767 14 602

in which Euro (12) 19 056 18 530 16 682 15 338 14 459 13 925 13 909 13 495 13 239 12 581 11 630 10 877

Others 1 451 1 450 1 304 1 243 1 100 1 013 987 958 988 998 906 883

Growth 93 to 04 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994

CEA 4.6% 3.3% 13.7% 12.9% 8.1% 2.9% -1.0% 0.0% 1.0% 0.2% 4.5% 5.4%

EU (25) 4.7% 3.4% 13.6% 13.6% 8.0% 2.8% -1.1% -0.1% 1.1% 0.3% 4.6% 5.7%

in which Euro (12) 3.9% 5.0% 9.0% 6.6% 3.9% 1.9% -0.7% 2.0% 2.3% 3.2% 5.2% 3.8%

Others 2.7% 0.9% 14.4% 0.3% 9.5% 3.5% 0.1% 0.8% 0.1% -0.5% 3.4% -0.3%



Graph 35 | Evolution of legal expenses premium income

3.3%4.8%2.9%2.2%2.5%0.2%

6.8%5.4%

-4.8%2.9%3.5%

0

1 000

2 000

3 000

4 000

5 000

6 000

1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

-6%

-4%

-2%

0%

2%

4%

6%

8%

Legal expenses

Growth

Legal expenses 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993

CEA 5 089 5 213 4 948 4 723 4 517 4 308 4 187 3 885 3 708 3 847 3 574 3 346

EU (25) 4 897 5 033 4 776 4 566 4 371 4 173 4 076 3 763 3 585 3 729 3 471 3 259

in which Euro (12) 4 459 4 652 4 404 4 277 4 106 3 950 3 921 3 618 3 472 3 620 3 360 3 148

Others 193 181 172 157 146 134 112 122 123 118 104 86

Growth 93 to 04 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994

CEA 2.5% 3.3% 4.8% 2.9% 2.2% 2.5% 0.2% 6.8% 5.4% -4.8% 2.9% 3.5%

EU (25) 2.4% 3.1% 4.7% 2.8% 2.2% 2.4% -0.3% 7.4% 5.5% -5.1% 2.8% 3.2%

in which Euro (12) 1.9% 2.3% 4.1% 1.2% 2.0% 2.2% -0.3% 7.6% 5.4% -5.3% 2.9% 3.3%

Others 5.4% 7.4% 8.0% 4.8% 3.0% 4.4% 17.9% -10.0% 3.6% 4.6% 7.0% 16.6%

Graph 36 | Evolution of MAT premium income

-21.3%

7.2%13.2%22.1%

2.0%-10.4%-7.3%-6.2%-9.7%-5.8%-5.2%

02 000

4 0006 0008 000

10 00012 00014 000

16 00018 000

1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

-30%

-20%

-10%

0%

10%

20%

30%

MAT

Growth

MAT 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993

CEA 13 349 16 518 15 980 13 876 11 951 11 049 12 037 12 639 12 400 13 175 13 970 14 498

EU (25) 12 783 15 979 15 433 13 411 10 855 9 979 10 978 11 525 11 263 12 105 12 810 13 334

in which Euro (12) 6 025 5 986 6 179 5 896 4 875 4 842 4 804 5 391 5 556 5 569 5 580 5 391

Others 566 539 547 465 1 096 1 070 1 059 1 114 1 137 1 071 1 160 1 164

-3.6% -21.8% 6.4% 12.7% 15.0% 1.2% -10.6% -7.9% -6.9% -9.9% -5.9% -5.4%

Growth 93 to 04 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994

CEA -2.6% -21.3% 7.2% 13.2% 22.1% 2.0% -10.4% -7.3% -6.2% -9.7% -5.8% -5.2%

EU (25) -2.8% -22.2% 7.6% 13.3% 22.8% 2.7% -11.1% -7.3% -6.3% -10.8% -5.3% -5.5%

in which Euro (12)

-0.9% -1.4% -5.0% 2.6% 18.7% -1.4% -0.4% -12.1% -2.7% -2.9% -2.7% 0.3%

Others 1.3% 3.4% -3.8% 11.0% 4.9% -4.3% -3.4% -7.1% -5.5% 4.0% -11.6% -0.6%


PART C

Graph 37 | Evolution of premium income for other non-life covers

1.2% 2.9%

9.8%

5.2%1.6%

12.1%10.5%9.5%4.7%

-2.6%

-23.4%

0

5 000

10 000

15 000

20 000

25 000

1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

-30%

-25%

-20%

-15%

-10%

-5%

0%

5%

10%

15%Other insurance

Growth

Other insurance 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993

CEA 23 466 20 464 18 845 16 893 17 113 15 527 14 764 13 765 11 837 15 539 14 817 14 273

EU (25) 22 183 19 222 17 736 15 818 15 419 14 451 13 968 13 050 11 150 14 935 14 240 13 681

in which Euro (12) 14 817 11 551 10 543 9 040 8 848 8 622 8 402 7 706 6 457 10 688 10 197 9 748

Others 1 283 1 242 1 109 1 074 1 694 1 077 796 715 687 604 577 593

2.1% 11.6% 10.1% 9.6% -3.1% 4.1% 3.0% 4.4% 8.5% -24.7% 3.6% 1.4%

Growth 93 to 04 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994

CEA 2.4% 12.1% 10.5% 9.5% -2.6% 4.7% 1.6% 5.2% 9.8% -23.4% 2.9% 1.2%

EU (25) 2.3% 12.4% 10.2% 10.4% 1.3% 1.4% 0.1% 4.9% 10.3% -24.9% 3.2% 1.4%

in which Euro (12) 2.0% 25.4% 7.1% 13.7% -0.4% 0.5% -0.1% 8.0% 20.5% -39.3% 1.5% 1.5%

Others 4.5% 5.9% 15.8% -4.2% -37.8% 49.0% 26.8% 11.2% 1.4% 17.0% -4.9% -3.2%

VI.2 Breakdown of premium per non-life classes

CEA Countries 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993

Motor premium 124 955 121 443 117 422 110 683 101 913 93 247 87 949 85 301 83 956 82 277 80 642 75 826

Accident and health

90 932 84 470 79 751 74 706 66 225 65 525 62 041 59 333 56 645 53 712 49 580 45 901

Property 76 291 73 442 68 289 61 204 56 378 54 010 53 503 53 403 51 556 50 363 49 636 47 210

Liability 30 660 29 760 26 522 22 992 20 892 19 542 19 435 19 118 18 336 17 798 16 673 15 486

Legal expenses 5 089 5 213 4 948 4 723 4 517 4 308 4 187 3 885 3 708 3 847 3 574 3 346

M A T 13 349 16 518 15 980 13 876 11 951 11 049 12 037 12 639 12 400 13 175 13 970 14 498

Other insurance 23 466 20 464 18 845 16 893 17 113 15 527 14 764 13 765 11 837 15 539 14 817 14 273

Total non-life 364 743 351 311 331 758 305 077 278 989 263 207 253 916 247 444 238 438 236 712 228 892 216 539

CEA Countries 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993

Motor premium 34.3% 34.6% 35.4% 36.3% 36.5% 35.4% 34.6% 34.5% 35.2% 34.8% 35.2% 35.0%

Accident and health

24.9% 24.0% 24.0% 24.5% 23.7% 24.9% 24.4% 24.0% 23.8% 22.7% 21.7% 21.2%

Property 20.9% 20.9% 20.6% 20.1% 20.2% 20.5% 21.1% 21.6% 21.6% 21.3% 21.7% 21.8%

Liability 8.4% 8.5% 8.0% 7.5% 7.5% 7.4% 7.7% 7.7% 7.7% 7.5% 7.3% 7.2%

Legal expenses 1.4% 1.5% 1.5% 1.5% 1.6% 1.6% 1.6% 1.6% 1.6% 1.6% 1.6% 1.5%

M A T 3.7% 4.7% 4.8% 4.5% 4.3% 4.2% 4.7% 5.1% 5.2% 5.6% 6.1% 6.7%

Other insurance 6.4% 5.8% 5.7% 5.5% 6.1% 5.9% 5.8% 5.6% 5.0% 6.6% 6.5% 6.6%

(Euro million) 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%



EU Countries (25)

2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993

Motor premium 117 538 114 697 111 100 105 131 96 235 88 372 83 428 81 255 79 963 78 134 76 802 72 056

Accident and health

84 537 78 532 73 815 69 212 61 659 61 924 59 204 56 514 53 924 51 018 47 026 43 487

Property 71 444 68 711 63 705 57 190 52 586 50 585 50 376 50 318 48 472 47 340 46 738 44 432

Liability 29 209 28 310 25 218 21 749 19 792 18 529 18 447 18 160 17 348 16 800 15 767 14 602

Legal expenses 4 897 5 033 4 776 4 566 4 371 4 173 4 076 3 763 3 585 3 729 3 471 3 259

M A T 12 783 15 979 15 433 13 411 10 855 9 979 10 978 11 525 11 263 12 105 12 810 13 334

Other insurance 22 183 19 222 17 736 15 818 15 419 14 451 13 968 13 050 11 150 14 935 14 240 13 681

(%) 342 592 330 483 311 783 287 077 260 917 248 012 240 476 234 586 225 704 224 061 216 854 204 851

EU Countries (25)

2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993

Motor premium 34.3% 34.7% 35.6% 36.6% 36.9% 35.6% 34.7% 34.6% 35.4% 34.9% 35.4% 35.2%

Accident and health

24.7% 23.8% 23.7% 24.1% 23.6% 25.0% 24.6% 24.1% 23.9% 22.8% 21.7% 21.2%

Property 20.9% 20.8% 20.4% 19.9% 20.2% 20.4% 20.9% 21.4% 21.5% 21.1% 21.6% 21.7%

Liability 8.5% 8.6% 8.1% 7.6% 7.6% 7.5% 7.7% 7.7% 7.7% 7.5% 7.3% 7.1%

Legal expenses 1.4% 1.5% 1.5% 1.6% 1.7% 1.7% 1.7% 1.6% 1.6% 1.7% 1.6% 1.6%

M A T 3.7% 4.8% 5.0% 4.7% 4.2% 4.0% 4.6% 4.9% 5.0% 5.4% 5.9% 6.5%

Other insurance 6.5% 5.8% 5.7% 5.5% 5.9% 5.8% 5.8% 5.6% 4.9% 6.7% 6.6% 6.7%

(Euro million) 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%


PART C

VII Distribution channels

VII.1 Global (life and non-life)

Insurance companies employees Agents (tied and multiple) Brokers

Country 1998 2003 2004 1998 2003 2004 1998 2003 2004

AT Austria 40.2% 32.0% 28.7% 2.7% 8.6% 5.8% 18.5% 20.7% 22.9%

BE Belgium 2.3% 1.1% 1.0% 6.8% 4.8% 4.4% 50.5% 40.8% 39.2%

CH Switzerland 92.1% 85.0% 84.0% 0.0% 0.0% 0.0% 7.9% 15.0% 16.0%

ES Spain 0.0% 0.0% 29.8% 29.5% 18.6% 18.3%

FR France 24.0% 22.0% 21.0% 19.0% 17.0% 16.0% 11.0% 12.0% 13.0%

GB United Kingdom 23.0% 9.0% 56.0%

IT Italy 9.1% 9.1% 10.3% 58.7% 42.0% 42.0% 3.7% 3.1% 3.1%

NL The Netherlands 28.0% 29.0% 58.0% 56.0% 0.0% 0.0%

PL Poland 33.9% 30.6% 54.8% 56.1% 9.8% 10.0%

PT Portugal 9.4% 6.9% 7.2% 34.8% 32.4% 31.3% 8.1% 7.8% 7.5%

SI Slovenia 63.0% 21.6% 14.7% 24.0% 51.6% 67.4% 5.0% 19.1% 9.0%

SK Slovakia 42.3% 7.4% 11.6% 11.4% 34.0% 30.9% 46.3% 58.6% 57.5%

TR Turkey 19.0% 20.8% 20.7% 70.0% 62.8% 64.4% 0.0% 5.9% 5.4%

Other networks (bank, post office, etc.) Others Total

Country 1998 2003 2004 1998 2003 2004 1998 2003 2004

AT Austria 35.4% 34.5% 38.2% 3.1% 4.2% 4.5% 100% 100% 100%

BE Belgium 24.6% 31.3% 33.0% 15.8% 22.0% 22.4% 100% 100% 100%

CH Switzerland 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 100% 100% 100%

ES Spain 33.6% 33.4% 18.0% 18.8% 100% 100%

FR France 41.0% 45.0% 46.0% 5.0% 4.0% 4.0% 100% 100% 100%

GB United Kingdom 10.0% 2.0% 100%

IT Italy 28.5% 45.8% 44.6% 0.0% 0.0% 0.0% 100% 100% 100%

NL The Netherlands 14.0% 15.0% 0.0% 0.0% 100% 100%

PL Poland 1.5% 3.3% 100% 100%

PT Portugal 44.1% 52.9% 54.0% 3.6% 0.1% 0.0% 100% 100% 100%

SI Slovenia 8.0% 5.8% 2.3% 0.0% 1.9% 6.6% 100% 100% 100%

SK Slovakia 0.0% 0.0% 0.0% 100% 100% 100%

TR Turkey 11.0% 10.6% 9.5% 0.0% 0.0% 0.0% 100% 100% 100%

Graph 38 | Global distribution channel 2004

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

AT BE CH ES FR IT NL PL PT SI SK TR

Insurance companies employees Agents (tied and multiple)

Brokers Other networks (bank, post office, etc.)

Others



VII.2 Life


Country 1998 2003 2004 1998 2003 2004 1998 2003 2004

AT Austria 30.5% 26.5% 21.3% 2.8% 6.0% 3.5% 15.6% 15.6% 17.2%

BE Belgium 2.4% 0.9% 0.8% 4.8% 3.0% 2.7% 35.4% 28.2% 27.2%

ES Spain 0.0% 0.0% 16.4% 15.3% 6.5% 6.4%

FR France 17.0% 16.0% 15.0% 10.0% 8.0% 8.0% 8.0% 9.0% 10.0%

GB United Kingdom 23.1% 27.6% 27.3% 2.6% 0.0% 0.0% 63.1% 62.9% 66.2%

IE Ireland 18.0% 11.0% 20.5% 22.0% 23.5% 16.5% 57.5% 55.5% 57.5%

IT Italy 13.1% 10.9% 12.6% 30.9% 18.3% 18.6% 1.6% 0.7% 0.7%


PL Poland 40.3% 36.2% 54.2% 56.0% 3.9% 3.8%

PT Portugal 4.4% 3.6% 4.4% 15.1% 12.0% 11.4% 0.9% 1.4% 1.1%

SE Sweden 28.0% 28.0% 28.0% 0.0% 0.0% 0.0% 19.0% 19.0% 19.0%

SI Slovenia 49.0% 3.1% 5.7% 26.0% 42.7% 57.3% 9.0% 35.6% 9.6%

SK Slovakia 24.4% 1.9% 19.4% 22.7% 29.8% 22.0% 52.9% 68.3% 58.6%

TR Turkey 27.0% 41.4% 47.4% 62.0% 37.9% 37.0% 0.0% 0.6% 0.6%


Country 1998 2003 2004 1998 2003 2004 1998 2003 2004

AT Austria 48.6% 48.7% 54.4% 2.5% 3.3% 3.7% 100% 100% 100%

BE Belgium 41.1% 43.5% 44.7% 16.3% 24.3% 24.5% 100% 100% 100%

ES Spain 66.7% 68.9% 10.4% 9.4% 100% 100%

FR France 59.0% 62.0% 62.0% 6.0% 5.0% 5.0% 100% 100% 100%

GB United Kingdom 9.2% 0.0% 0.0% 2.0% 9.5% 6.5% 100% 100% 100%

IE Ireland 0.0% 0.0% 0.0% 2.5% 16.0% 6.5% 100% 106% 101%

IT Italy 54.4% 70.1% 68.1% 0.0% 0.0% 0.0% 100% 100% 100%


PL Poland 0.0% 0.0% 1.6% 4.0% 100% 100%

PT Portugal 78.5% 83.0% 83.1% 1.1% 0.1% 0.0% 100% 100% 100%

SE Sweden 45.0% 45.0% 45.0% 8.0% 8.0% 8.0% 100% 100% 100%

SI Slovenia 16.0% 14.2% 6.1% 0.0% 4.4% 21.3% 100% 100% 100%

SK Slovakia 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 100% 100% 100%

TR Turkey 11.0% 20.0% 15.0% 0.0% 0.0% 0.0% 100% 100% 100%

Graph 39 | Life distribution channel 2004

0%10%20%30%40%50%60%70%80%90%

100%

AT BE ES FR GB IE IT NL PL PT SE SI SK TR



Others


PART C

VII.3 Non-life


Country 1998 2003 2004 1998 2003 2004 1998 2003 2004

AT Austria 64.4% 43.4% 43.7% 2.3% 13.8% 10.5% 25.8% 31.2% 34.6%

BE Belgium 2.1% 1.6% 1.5% 9.2% 8.5% 8.4% 69.4% 67.9% 67.1%

ES Spain 0.0% 0.0% 40.6% 40.4% 28.4% 27.5%

FR France 36.0% 35.0% 35.0% 36.0% 35.0% 35.0% 18.0% 19.0% 18.0%

GB United Kingdom 22.0% 23.0% 24.0% 18.0% 24.0% 23.0% 49.0% 37.0% 36.0%

IT Italy 4.7% 6.0% 6.0% 88.8% 85.2% 85.3% 6.0% 7.5% 7.6%


PL Poland 28.6% 25.8% 55.3% 56.2% 14.6% 15.2%

PT Portugal 15.0% 11.3% 11.4% 56.8% 57.0% 60.6% 16.1% 16.5% 17.0%

SI Slovenia 78.0% 26.4% 18.5% 17.0% 53.8% 71.5% 3.0% 14.9% 8.8%

SK Slovakia 52.2% 9.8% 8.1% 5.2% 35.8% 34.9% 42.6% 54.4% 57.0%

TR Turkey 17.0% 15.5% 14.6% 71.0% 69.2% 70.6% 0.0% 7.2% 6.5%


Country 1998 2003 2004 1998 2003 2004 1998 2003 2004

AT Austria 2.8% 5.5% 4.8% 4.6% 6.1% 6.3% 100% 100% 100%

BE Belgium 4.1% 5.2% 5.7% 15.2% 16.9% 17.3% 100% 100% 100%

ES Spain 6.8% 6.1% 24.2% 26.0% 100% 100%

FR France 7.0% 8.0% 9.0% 3.0% 3.0% 3.0% 100% 100% 100%

GB United Kingdom 10.0% 15.0% 15.0% 1.0% 1.0% 2.0% 100% 100% 100%

IT Italy 0.5% 1.3% 1.1% 0.0% 0.0% 0.0% 100% 100% 100%


PL Poland 0.0% 0.0% 1.5% 2.8% 100% 100%

PT Portugal 5.7% 11.5% 11.0% 6.4% 3.7% 0.0% 100% 100% 100%

SI Slovenia 2.0% 3.7% 0.7% 0.0% 1.2% 0.5% 100% 100% 100%

SK Slovakia 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 100% 100% 100%

TR Turkey 12.0% 8.1% 8.3% 0.0% 0.0% 0.0% 100% 100% 100%

Graph 40 | Non-life distribution channel 2004

0%

20%

40%

60%

80%

100%

AT BE ES FR GB IT NL PL PT SI SK TR



Others



VIII worldwide premium

VIII.1 Total premium income

Zone 1985 1989 1993 1996 1998 1999 2000 2001 2002 2003 2004

Europe (*) 164 375 491 675 711 765 786 767 847 1 036 1 198

Asia 124 311 628 647 572 628 647 595 629 685 736

North America 318 483 600 689 780 842 906 949 1 054 1 117 1 168

Others 26 42 84 95 104 103 106 104 102 120 142

TOTAL 632 1 211 1 803 2 106 2 166 2 337 2 445 2 416 2 632 2 958 3 244

Europe (*) = Western and Central / Eastern EuropeSouce: SwissRe-Sigma

Graph 40 | Share in worldwide premium

VIII.2 Share in total

Zone 1985 1989 1993 1996 1998 1999 2000 2001 2002 2003 2004

Europe (*) 25.9% 31.0% 27.2% 32.1% 32.8% 32.7% 32.2% 31.8% 32.2% 35.0% 36.9%

Asia 19.6% 25.7% 34.8% 30.7% 26.4% 26.9% 26.5% 24.6% 23.9% 23.2% 22.7%

North America 50.3% 39.9% 33.3% 32.7% 36.0% 36.0% 37.0% 39.3% 40.1% 37.8% 36.0%

Others 4.1% 3.5% 4.7% 4.5% 4.8% 4.4% 4.3% 4.3% 3.9% 4.1% 4.4%

TOTAL 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%

Europe (*) = Western and Central / Eastern EuropeSouce: SwissRe-Sigma

Graph 41 | Share in worldwide premium 2004

0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

1985 1989 1993 1996 1998 1999 2000 2001 2002 2003 2004

Europe (*) Asia North America Others

Europe (*)

36.9%North America36.0%

Asia22.7%

Others4.4%


PART C

VIII.3 Breakdown of worldwide premium

For global activities (in USD million) For life insurance (in USD million) For non-life (in USD millions)

Country 2004Share in

totalCountry 2004

Share in total

Country 2004Share in

total

European Union 1 117 078 34.4% European Union 657524 35.6% United States 603018 43.2%

United States 1 097 836 33.8% United States 494818 26.8% European Union 459554 32.9%

Japan 492 426 15.2% Japan 386839 20.9% Japan 105587 7.6%

Canada 69 741 2.1% South Korea 48680 2.6% Canada 40232 2.9%

South Korea 68 623 2.1% China 35407 1.9% Australia 23714 1.7%

China 52 172 1.6% Taïwan 33851 1.8% South Korea 19944 1.4%

Australia 49 403 1.5% Canada 29509 1.6% Switzerland 17939 1.3%

Taïwan 43 236 1.3% Australia 25689 1.4% China 16765 1.2%

Switzerland 42 006 1.3% South Africa 24381 1.3% Russia 12809 0.9%

South Africa 30 682 0.9% Switzerland 24067 1.3% Brazil 9843 0.7%

India 21 249 0.7% India 16919 0.9% Taïwan 9385 0.7%

Brazil 18 042 0.6% Hong-Kong 12969 0.7% Mexico 7019 0.5%

Russia 16 352 0.5% Brazil 8199 0.4% South Africa 6301 0.5%

Hong-Kong 15 260 0.5% Norway 7850 0.4% Norway 6037 0.4%

Norway 13 887 0.4% Singapore 6459 0.3% Poland 4604 0.3%

Mexico 12 232 0.4% Mexico 5213 0.3% India 4330 0.3%

Singapore 9 696 0.3% Malaysia 4208 0.2% New Zealand 4297 0.3%

Poland 7 432 0.2% Russia 3544 0.2% Israël 3916 0.3%

Israël 7 094 0.2% Israël 3178 0.2% Singapore 3237 0.2%

Malaysia 6 453 0.2% Thailand 3167 0.2% Hong-Kong 2291 0.2%

Souce: SwissRe-Sigma

PART D

ANNExES


European Insurance in FiguresI E

xch

ang

e ra

te

19

9319

9419

9519

9619

9719

9819

9920

0020

0120

0220

0320

0420

05

AT

13.6

110

13.5

395

13.1

824

13.4

345

13.8

240

13.7

603

13.7

603

13.7

603

13.7

603

13.7

603

13.7

603

13.7

603

13.7

603

BE

40.2

657

39.6

585

38.5

519

39.2

986

40.5

332

40.3

399

40.3

399

40.3

399

40.3

399

40.3

399

40.3

399

40.3

399

40.3

399

BG

0.05

000

0.06

439

0.08

787

0.22

515

1.90

157

1.96

913

1.95

580

1.95

220

1.94

820

1.94

920

1.94

900

1.95

330

1.95

580

CH

1.65

419

1.62

128

1.54

574

1.56

790

1.64

400

1.62

203

1.60

030

1.55

790

1.51

050

1.46

700

1.52

120

1.54

380

1.54

830

CY

0.58

051

0.58

393

0.59

162

0.59

190

0.58

243

0.57

934

0.57

884

0.57

392

0.57

589

0.57

530

0.58

409

0.58

185

0.57

683

CZ

33.6

030

34.1

509

34.6

960

34.4

572

35.9

304

36.0

487

36.8

840

35.5

990

34.0

680

30.8

040

31.8

460

31.8

910

29.7

820

DE

1.93

587

1.92

452

1.87

375

1.90

954

1.96

438

1.95

583

1.95

583

1.95

583

1.95

583

1.95

583

1.95

583

1.95

583

1.95

583

DK

7.55

083

7.54

328

7.32

804

7.35

954

7.48

361

7.49

930

7.43

550

7.45

380

7.45

210

7.43

050

7.43

070

7.43

990

7.45

180

EE15

.339

215

.396

214

.990

015

.273

015

.713

015

.748

115

.646

615

.646

615

.646

615

.646

615

.646

615

.646

615

.646

6

ES15

8.98

015

8.91

816

3.00

016

0.74

816

5.88

716

8.75

316

6.38

616

6.38

616

6.38

616

6.38

616

6.38

616

6.38

616

6.38

6

FI6.

4622

26.

1907

75.

7085

55.

8281

75.

8806

45.

9457

35.

9457

35.

9457

35.

9457

35.

9457

35.

9457

35.

9457

35.

9457

3

FR6.

5742

26.

5826

16.

5250

56.

4930

06.

6126

06.

5595

76.

5595

76.

5595

76.

5595

76.

5595

76.

5595

76.

5595

76.

5595

7

GB

0.75

612

0.77

590

0.82

879

0.81

380

0.69

230

0.67

643

0.65

874

0.60

948

0.62

187

0.62

883

0.69

199

0.67

866

0.68

380

GR

278.

440

288.

026

302.

989

305.

546

309.

355

330.

731

325.

763

336.

630

340.

750

340.

750

340.

750

340.

750

340.

750

HR

6.90

000

6.90

000

6.90

000

6.90

000

6.94

470

7.30

990

7.69

186

7.59

276

7.36

655

7.49

500

7.65

809

7.49

670

7.40

080

HU

112.

790

125.

030

164.

545

193.

758

211.

654

240.

573

252.

770

160.

040

256.

590

242.

960

253.

620

251.

660

248.

050

IE0.

7917

80.

7936

20.

8155

30.

7934

50.

7475

20.

7875

60.

7875

60.

7875

60.

7875

60.

7875

60.

7875

60.

7875

60.

7875

6

IS81

.253

883

.106

384

.685

384

.655

880

.439

179

.697

677

.180

072

.580

087

.420

086

.180

086

.650

087

.140

078

.230

0

IT19

08.3

919

15.0

621

30.1

419

58.9

619

29.3

019

36.2

719

36.2

719

36.2

719

36.2

719

36.2

719

36.2

719

36.2

719

36.2

7

LI1.

6541

91.

6212

81.

5457

41.

5679

01.

6440

01.

6220

31.

6003

01.

5579

01.

5105

01.

4670

01.

5212

01.

5438

01.

5483

0

LT4.

3746

04.

7319

15.

2320

25.

0789

94.

5361

54.

4843

74.

2641

03.

6952

03.

5823

03.

4594

03.

4527

03.

4529

03.

4528

0

LU40

.265

739

.658

538

.551

939

.298

640

.533

240

.339

940

.339

940

.339

940

.339

940

.339

940

.339

940

.339

940

.339

9

LV0.

6712

00.

6641

00.

6895

40.

6992

50.

6585

50.

6606

70.

6256

00.

5592

00.

5601

00.

5810

00.

6407

00.

6652

00.

6962

0

MT

0.43

677

0.44

885

0.46

143

0.45

768

0.43

750

0.43

498

0.42

580

0.40

410

0.40

300

0.40

890

0.42

610

0.42

800

0.42

990

NL

2.16

580

2.15

827

2.09

891

2.13

973

2.21

081

2.20

371

2.20

371

2.20

371

2.20

371

2.20

371

2.20

371

2.20

371

2.20

371

NO

8.38

353

8.37

420

8.28

575

8.19

659

8.01

881

8.46

587

8.31

040

8.11

290

8.04

840

7.50

860

8.00

330

8.36

970

8.00

920

PL2.

3685

12.

7015

33.

1704

93.

4218

53.

7148

53.

9164

74.

2274

04.

0082

03.

6721

03.

8574

04.

3996

04.

5268

04.

0230

0

PT19

6.66

719

6.89

619

6.10

519

5.76

119

8.58

920

0.48

220

0.48

220

0.48

220

0.48

220

0.48

220

0.48

220

0.48

220

0.48

2

RO

885.

819

71.6

2661

.839

22.2

8111

.599

84.9

1634

5.0

1992

2.0

2600

4.0

3127

0.0

3755

1.0

4051

0.0

3.62

090

SE9.

302

9.16

39.

332

8.51

58.

651

8.91

68.

808

8.44

59.

255

9.16

19.

124

9.12

49.

282

SI14

4.83

9015

2.76

6015

4.88

0017

1.77

8018

0.98

6018

5.94

8019

4.47

3220

6.61

2721

7.97

9722

5.97

7223

3.84

9323

9.08

7423

9.56

81

SK37

.177

38.1

1838

.865

38.9

2038

.113

39.5

4144

.123

42.6

0243

.300

42.6

9441

.489

40.0

2238

.599

TR16

087.

935

535.

359

912.

2110

3214

1718

4829

3736

4472

3857

4816

1102

425

1439

680

1694

851

1777

050

1.67

71


PART D

19

9319

9419

9519

9619

9719

9819

9920

0020

0120

0220

0320

0420

05

AT

155

595

168

108

179

840

182

364

181

645

189

332

197

064

206

671

212

511

218

333

224

270

231

728

246

466

BE

177

226

198

401

211

551

212

474

216

137

223

687

235

713

247

792

253

800

260

011

267

480

277

357

298

180

BG

08

162

1 01

97

822

9 16

811

386

12 1

6413

704

15 2

5016

589

17 6

5519

578

21 4

48

CH

211

463

226

815

240

823

238

532

231

504

240

557

248

637

266

930

279

915

291

607

282

975

284

683

295

117

CY

5 64

16

273

6 79

57

042

7 52

08

120

8 70

29

627

10 2

0510

709

11 3

2411

940

13 4

18

CZ

27 0

9933

633

42 2

7248

195

49 6

8354

440

55 3

4560

397

67 9

6078

388

75 6

8179

118

98 4

18

DE

1 63

2 08

31

763

731

1 88

0 20

71

878

151

1 86

3 45

81

916

370

1 97

8 60

02

030

000

2 07

3 70

02

110

400

2 12

9 20

02

184

517

2 24

5 50

0

DK

115

790

128

024

137

793

144

155

149

169

154

069

162

430

171

584

177

871

183

125

188

183

195

776

208

206

EE1

438

2 03

82

874

3 66

44

349

4 97

55

218

5 92

66

668

7 46

98

042

8 75

310

540

ES38

3 40

042

5 08

944

6 88

148

0 53

549

5 62

752

5 45

456

5 41

960

9 73

465

3 28

969

6 20

874

3 04

679

1 55

990

4 32

3

FI78

649

84 4

1199

220

100

624

108

215

115

596

119

985

130

145

135

468

139

803

142

518

146

782

155

320

FR1

076

493

1 13

9 31

91

188

101

1 22

4 60

61

241

129

1 29

7 57

41

355

102

1 42

0 13

81

475

584

1 52

6 82

11

557

245

1 61

0 89

91

696

757

GB

834

362

876

967

866

787

937

100

1 17

0 20

61

269

327

1 37

1 05

21

559

626

1 59

8 90

21

660

457

1 58

9 46

81

727

094

1 76

8 54

9

GR

75 9

0884

353

89 8

8897

973

107

103

108

977

117

850

123

140

131

024

141

334

152

572

164

809

181

088

HR

00

015

649

17 6

8218

824

18 3

8519

675

22 1

1523

540

24 8

1026

184

29 6

91

HU

31 4

5934

910

34 1

1935

580

40 3

5241

931

45 0

7550

655

57 8

7468

902

73 2

3579

360

87 8

26

IE43

010

46 1

4850

836

57 6

4970

719

77 6

7089

614

102

845

114

742

129

344

131

922

139

438

160

322

IS5

057

5 28

45

339

5 73

16

387

7 13

87

896

9 12

78

524

9 03

99

252

9 93

612

423

IT81

2 36

086

3 36

883

9 04

197

1 06

51

029

991

1 06

8 94

71

107

994

1 16

6 54

81

218

535

1 26

0 42

81

300

926

1 34

7 59

11

417

241

LI1

948

2 09

02

219

2 19

82

133

2 21

62

501

2 69

32

784

2 85

72

718

2 73

52

835

LT2

539

3 57

24

887

6 35

88

681

9 89

610

169

12 3

2013

505

14 9

2616

143

17 5

1120

587

LU11

377

12 9

5113

828

14 2

9715

417

16 8

9018

738

21 2

7821

971

22 5

0623

476

24 5

2728

637

LV2

186

3 40

73

742

4 39

95

410

5 90

86

752

8 37

99

227

9 79

59

868

10 4

0412

789

MT

1 20

01

550

1 90

02

299

2 55

32

752

3 66

14

136

4 32

14

392

4 26

74

380

4 48

3

NL

268

492

293

571

317

323

332

479

332

654

351

648

374

070

402

291

429

127

444

649

453

795

463

812

501

921

NO

98 2

0910

4 29

811

3 14

012

5 28

713

8 59

613

3 72

914

8 37

318

1 07

918

9 63

220

2 72

419

5 38

119

3 79

723

7 98

4

PL69

252

84 0

3010

3 94

812

1 11

113

5 70

815

0 48

315

4 35

418

0 60

120

7 12

820

2 49

718

5 17

618

6 44

724

0 54

0

PT67

169

76 3

0382

631

88 3

1093

901

100

355

108

030

115

548

122

801

129

171

130

428

134

622

147

249

RO

00

00

037

436

33 3

8840

346

44 9

0448

442

50 6

8858

947

79 3

14

SE15

5 47

417

9 61

118

9 69

821

3 17

721

8 26

322

1 16

323

5 76

825

9 90

724

4 88

025

6 23

726

7 29

727

8 02

328

7 97

7

SI9

908

12 1

3015

319

15 8

8217

184

18 6

3419

924

20 5

8121

845

23 5

1824

488

25 5

6527

373

SK9

928

13 0

0314

834

16 4

0418

699

19 7

6319

131

21 9

2623

322

25 7

3328

822

32 3

6737

301

TR12

3 19

010

8 86

112

9 56

414

3 12

116

7 79

917

7 79

617

3 09

621

6 73

616

1 83

619

2 80

321

2 26

823

6 54

129

0 50

3

II G

DP



1

993

1 99

41

995

1 99

61

997

1 99

81

999

2 00

02

001

2 00

22

003

2 00

42

005

AT

7 88

37

929

7 94

47

953

7 96

57

971

7 98

38

002

8 02

18

039

8 10

28

140

8 20

7

BE

10 0

6810

101

10 1

3110

143

10 1

7010

192

10 2

1410

239

10 2

6310

310

10 3

5610

396

10 4

46

BG

8 48

58

460

8 42

78

385

8 34

18

283

8 23

08

191

7 92

97

892

7 84

67

801

7 76

1

CH

6 90

86

969

7 01

97

062

7 08

17

097

7 12

47

164

7 20

47

261

7 31

87

368

7 41

5

CY

619

633

645

656

666

675

683

691

698

706

715

731

749

CZ

10 3

2610

334

10 3

3310

321

10 3

0910

299

10 2

9010

278

10 2

6710

206

10 2

0310

212

10 2

21

DE

80 9

7581

338

81 5

3981

818

82 0

1282

057

82 0

3782

164

82 2

6082

440

82 5

3782

539

82 5

01

DK

5 18

15

197

5 21

65

251

5 27

55

295

5 31

45

330

5 34

95

368

5 38

45

398

5 41

1

EE1

511

1 47

71

448

1 42

51

406

1 39

31

379

1 37

21

367

1 36

11

356

1 35

11

347

ES39

114

39 2

1939

305

39 3

8339

468

39 5

7139

724

39 9

6140

376

40 8

5141

664

42 3

4543

038

FI5

055

5 07

85

099

5 11

75

132

5 14

75

160

5 17

15

182

5 19

55

206

5 22

05

237

FR57

369

57 5

6557

753

57 9

3658

116

58 2

9958

497

58 7

4959

043

59 3

4259

856

60 2

0060

561

GB

58 0

9958

293

58 5

0058

704

58 9

0559

090

59 3

9159

623

59 8

6359

140

59 3

2959

516

60 0

35

GR

10 4

2010

511

10 5

9510

674

10 7

4510

808

10 8

6110

904

10 9

3110

988

11 0

0611

041

11 0

76

HR

4 64

14

649

4 66

94

494

4 57

24

501

4 55

44

381

4 43

74

443

4 44

24

496

4 44

4

HU

10 3

6510

350

10 3

3710

321

10 3

0110

280

10 2

5310

222

10 2

0010

175

10 1

4210

117

10 0

98

IE3

569

3 58

33

598

3 62

03

652

3 69

43

735

3 77

73

826

3 90

03

964

4 02

54

109

IS26

226

526

726

827

027

227

627

928

328

728

929

129

4

IT56

960

57 1

3957

269

57 3

3357

461

57 5

6357

613

57 6

8057

844

56 9

9457

321

57 8

0458

462

LI30

3031

3131

3132

3233

3434

3435

LT3

694

3 67

13

643

3 61

53

588

3 56

23

536

3 51

23

487

3 47

63

463

3 44

63

425

LU39

540

040

641

241

742

242

743

443

944

444

845

245

5

LV2

586

2 54

12

501

2 47

02

445

2 42

12

399

2 38

22

364

2 34

62

332

2 32

02

306

MT

363

366

370

371

374

377

379

389

391

395

397

400

403

NL

15 2

3915

342

15 4

2415

494

15 5

6715

654

15 7

6015

864

15 9

8716

105

16 1

9316

255

16 3

06

NO

4 29

94

325

4 34

84

370

4 39

34

418

4 44

54

479

4 50

34

524

4 55

24

577

4 60

6

PL38

418

38 5

0538

581

38 6

0938

639

38 6

6038

667

38 6

5438

644

38 6

3338

219

38 1

9138

174

PT9

965

9 98

310

013

10 0

4110

070

10 1

0810

150

10 1

9810

263

10 3

2910

408

10 4

7510

529

RO

022

748

22 7

1222

656

22 5

8222

526

22 4

8922

456

22 4

3121

834

21 7

7321

711

21 6

59

SE8

692

8 74

58

816

8 83

88

845

8 84

88

854

8 86

18

883

8 90

98

941

8 97

69

011

SI1

994

1 98

91

990

1 99

01

987

1 98

51

978

1 98

81

990

1 99

41

995

1 99

61

998

SK5

314

5 33

75

356

5 36

85

379

5 38

85

393

5 39

95

379

5 37

95

379

5 38

05

385

TR59

489

60 5

7361

644

62 6

9563

745

64 7

8965

819

66 8

3568

610

69 2

6070

173

71 2

5471

608

III P

op

ula

tio

n


PART D

19

9319

9419

9519

9619

9719

9819

9920

0020

0120

0220

0320

0420

05

AT

81.6

84.0

85.9

87.2

88.2

89.0

89.4

91.2

93.3

94.8

96.1

97.9

100.

0

BE

80.4

82.3

83.5

85.3

86.5

87.3

88.3

90.7

92.9

94.3

95.8

97.5

100.

0

BG

0.0

0.0

0.0

0.0

57.5

68.2

69.9

77.1

82.8

87.6

89.7

95.2

100.

0

CH

90.3

91.0

92.6

93.4

93.8

93.9

94.7

96.2

97.1

97.7

98.3

98.8

100.

0

CY

70.1

73.4

75.7

78.7

81.3

83.2

84.2

88.3

90.0

92.5

96.2

98.0

100.

0

CZ

55.3

60.9

66.4

72.2

78.0

85.6

87.1

90.6

94.7

96.1

96.0

98.4

100.

0

DE

83.5

85.8

87.4

88.6

90.0

90.5

91.1

92.4

94.1

95.4

96.4

98.1

100.

0

DK

79.3

80.9

82.6

84.3

85.9

87.0

88.8

91.2

93.3

95.6

97.5

98.3

100.

0

EE28

.141

.653

.666

.072

.178

.480

.984

.088

.892

.093

.296

.110

0.0

ES68

.771

.975

.277

.979

.480

.882

.685

.587

.991

.093

.996

.710

0.0

FI85

.085

.986

.887

.388

.489

.690

.793

.495

.997

.899

.199

.210

0.0

FR82

.183

.584

.986

.687

.888

.388

.890

.592

.193

.995

.998

.110

0.0

GB

81.2

83.2

86.0

88.1

89.7

91.1

92.3

93.1

94.2

95.4

96.7

98.0

100.

0

GR

55.6

61.7

67.2

72.7

76.6

80.1

81.8

84.2

87.3

90.7

93.8

96.6

100.

0

HR

0.0

0.0

66.0

68.3

70.7

74.8

77.8

82.6

87.8

89.7

91.3

96.5

100.

0

HU

24.4

29.1

37.3

46.0

54.5

62.3

68.5

75.3

82.2

86.5

90.5

96.6

100.

0

IE70

.972

.774

.475

.776

.778

.380

.384

.587

.892

.095

.797

.910

0.0

IS72

.974

.075

.277

.078

.479

.481

.184

.790

.395

.196

.498

.610

0.0

IT71

.874

.978

.781

.883

.385

.086

.488

.690

.793

.195

.797

.810

0.0

LI90

.391

.092

.693

.493

.893

.994

.796

.297

.197

.798

.398

.810

0.0

LT26

.746

.064

.380

.288

.493

.294

.595

.597

.097

.396

.397

.410

0.0

LU76

.978

.680

.181

.282

.383

.183

.987

.189

.291

.093

.496

.410

0.0

LV34

.747

.158

.969

.374

.978

.179

.881

.983

.985

.688

.193

.610

0.0

MT

69.5

72.7

74.9

78.0

81.0

84.0

85.9

88.6

90.8

93.1

95.0

97.5

100.

0

NL

75.3

77.3

78.9

80.4

81.9

83.4

85.1

87.1

91.5

95.1

97.2

98.5

100.

0

NO

80.1

81.3

83.3

84.3

86.5

88.2

90.0

92.8

95.3

96.1

97.9

98.5

100.

0

PL28

.437

.648

.057

.666

.374

.179

.487

.492

.093

.894

.597

.910

0.0

PT69

.372

.975

.878

.179

.681

.483

.185

.589

.292

.595

.597

.910

0.0

RO

0.0

0.0

3.6

5.0

12.8

20.3

29.6

43.2

58.0

71.1

81.9

91.7

100.

0

SE82

.384

.486

.887

.589

.190

.090

.591

.794

.195

.998

.299

.210

0.0

SI37

.445

.351

.456

.561

.266

.170

.176

.482

.989

.194

.297

.610

0.0

SK40

.746

.250

.853

.756

.960

.767

.175

.380

.783

.590

.597

.310

0.0

TR0.

51.

01.

93.

56.

511

.819

.029

.145

.667

.184

.092

.510

0.0

IV In

flat

ion

PART E

CONTENTS OF CD-ROM



Table of contents CD-Rom

I Basic data 2005

I-1. Total premium

I-2. Investments

I-3. Employees and companies

II Country guide

II-1 Country Guide 2004

II-2 Country Guide 2005

III Insurance companies in Europe

III-1. Companies operating on the market

III-2. Insurance companies by region

III-3. Largest non-life groups on national markets in 2004

III-4. Largest life groups on national markets in 2004

III-5 Market share of the largest non-life insurance groups

III-6 Market share of the largest life insurance groups

III-7 Insurance groups in european business

IV Employment in insurance companies

IV-1 Number of employees

IV-2 Structure of employment

V- Premium of European insurers

V.1 Total direct premium income

V.2 Total direct life premium income

V.3 Total direct non-life premium income

V.4 Direct premium by origin

VI Investments

VI.1 Total investments

VI.2 Life investments

VI.3 Non-life investments

VI.4 Investments by origin

VI.5 Investments per category

VII Importance of insurance in Europe

VII-1 Share total premium in GDP

VII-2 Share life premium in GDP

VII-3 Share non-life premium in GDP

VII-4 Share investments in GDP

VII-5 Investments in share / market capitalisation

VII-6 Average total premium per inhabitant

VII-7 Average life premium per inhabitant


PART E

VII-8 Average non-life premium per inhabitant

VIII- European life insurance

VIII-1 Total life provisions

VIII-2 Life benefits paid

VIII-3 Benefits paid and allocation to provisions

VIII-4 Life technical result 1998 to 2004

Ix European non-life insurance

IX-1 European non-life per class

IX-2 Breakdown of premium per non-life classes

IX.3 Non-life technical result 1998 to 2004

x Distribution channels

X-1 Global (life and non-life)

X-2 Life

X-3 Non-life

xI worldwide premium

XI.1 Total premium income

XI.2 Share in total

XI.3 Breakdown of worldwide premium

CEA-Statistics n°24 is available on the CEA’s website : www.cea.assur.org

Data compilation, processing and comments

Luc Stevens

[email protected]

Graphic design

Morris-Chapman

Corentin Pollet (Assuralia)

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Although all the information used in this study was take carefully from reliable sources, the Comité Européen des Assurances (CEA)

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European Insurance in Figures · Non-life insurance has experience a more moderate growth of 1.8%...

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