::: Insurance Market Report - Non-Life (P&C) :::

Market Developments

Key Facts

General Country Information

History

• Early History

• 20th/21st Century

Geographic Description

• Country Name
• Frontiers and Coastline
• Land Area
• Administration
• Topography
• Climate

Population and Demographic Trends

• Population
• Life Expectancy
• Major Causes of Death
• Language
• Religion

Largest Cities

• Capital
• Other Major Areas/Cities

Politics and The Economy

Government Structure

• Constitution
• Executive/Legislature
• Electoral System
• Local Government

Current Political Situation

• Present Government
• Political Situation
• International Relations

Economy

• Economic Performance
• Gross Domestic Product
• Current Account Balance
• Foreign Exchange Reserves
• Inflation
• Interest Rates
• Employment
• Earnings
• Key Industries
• Exports and Imports

Currency and Exchange Control

• Currency and Exchange Rate
• Exchange Control

Supervision and Control

Legislation

• Insurance Legislation
• Legislative Process
• Compulsory Insurances
• Statutory Tariffs

Changes in Legislation

• Legislative Update
• Projected Legislation

Supervision

• Insurance Supervisory Authority
• Statutory Returns
• Insolvency Regulation
• Consumer Dispute Resolution

Non-Admitted Insurance Regulatory Position

• Regulatory Position (change to Insurers)
• Buyer's Position (change to Buyers)
• Intermediaries
• Market Practice
• Fines/Penalties

Non-Admitted Reinsurance Regulatory Position

• Regulatory Position (change to Reinsurers)
• Insurer's Position (change to Insurers)
• Intermediaries
• Market Practice

Fronting

Company Registration and Operating Requirements

• Establishing a Local Company
• Types of Insurance organisation
• Foreign Ownership
• Types of Licence
• Capital Requirements
• Solvency Margins
• Reserve Requirements
• Investment Regulations
• Retentions

Taxation

• Insurance Premium or Policy Taxes
• Legislative Update
• Withholding Taxes
• VAT
• Corporation Tax
• Alternative Risk Transfer/Captives

Legal System

• Summary and Trends
• Basis of Legal System
• Litigiousness
• Access to The Courts
• Court Procedure
• Assessment of Compensation

Insurance Market Overview

Historical Development

• History

The Market today

• Summary and Trends
• Market Size
• Market Penetration

Market Participants

• Summary and Trends
• Privatisation/Deregulation
• State Insurance Companies
• Market Structure
• Market Concentration
• Company Changes
• Total Assets
• Technical Reserves
• Expense Ratios
• Profitability
• Retentions
• Pools
• Insurance Association

Reinsurance

Local Reinsurance Market

• Summary and Trends
• Local Reinsurance Company Operating Requirements
• State Reinsurance Company
• Local Reinsurance Companies
• Reinsurance Written by Direct Companies
• International Reinsurance (Inwards)
• Company Changes

Local Reinsurance Arrangements

• Summary and Trends
• Regulatory Considerations
• Reinsurance Statistics
• Retentions
• Local Risk Sharing
• Treaty Reinsurance
• Facultative Reinsurance
• Catastrophe Reinsurance
• Alternative Risk Transfer
• Treaty Reinsurance Commission
• Facultative Reinsurance Commission
• Distribution

Distribution Channels

• Summary and Trends
• Direct Handling
• E-Commerce
• Other Direct Marketing
• Bancassurance
• Agencies
• Insurance Brokers
• Intermediaries' Commissions
• Consumer Protection
• Company Changes

Multinationals, Captives, ART & Risk Management

Multinationals

• Local Multinationals
• Foreign Multinationals

Captives

• Summary and Trends
• Local Legislation
• Locally-Domiciled Captives
• Local Captive Owners

A.R.T. & Risk Management

• Summary and Trends

Insurance Policies

• Supervision
• Policy Wordings
• Local Insurance Law
• Policy Currency
• Premium Payment and Terms
• Cancellation and Renewal
• Types of Policy
• Average
• Inflation

Natural Hazards

Earthquake and Other Geological Hazards

• Exposure
• Accumulations and PMLS
• Scope of Cover
• Rating and Deductibles
• Loss History
• Utilities
• Disaster Planning
• Catnet(Tm) Earthquake Map

Windstorm

• Exposure
• Accumulations and PMLS
• Scope of Cover
• Rating and Deductibles
• Loss History
• Catnet(Tm) Windstorm Map

Flood

• Exposure
• Accumulations and PMLS
• Scope of Cover
• Rating and Deductibles
• Loss History
• Catnet(Tm) Flood Map

Bushfire

• Exposure
• Accumulations and PMLS
• Scope of Cover
• Rating and Deductibles
• Loss History

Subsidence

• Exposure
• Accumulations and PMLS
• Scope of Cover
• Rating and Deductibles
• Loss History

Hail

• Exposure
• Accumulations and PMLS
• Scope of Cover
• Rating and Deductibles
• Loss History

Freeze

• Exposure
• Accumulations and PMLS
• Scope of Cover
• Rating and Deductibles
• Loss History

Cresta Maps

Property

• Summary and Trends
• Statistics
• Major Insurers

Construction and Prevention

• Building Regulations
• Built Environment
• Building Cost Index
• Fire Brigades
• Physical Risk Management
• Risk Quality

Social Hazards

• Burglary
• Arson
• Strikes, Riots and Civil Commotions
• Terrorism

Householder/Homeowner

• Summary and Trends
• Statistics
• Scope of Cover
• Rating and Deductibles
• Loss Experience
• Reinsurance
• Major Insurers
• Distribution

Industrial and Commercial

• Summary and Trends
• Statistics
• Scope of Cover
• Business Interruption
• Rating and Deductibles
• Major Risks
• Loss Experience and Largest Losses
• Major Insurers
• Reinsurance
• Distribution

Agriculture

• Summary and Trends

Construction and Machinery Breakdown

Construction and Erection All Risks

• Summary and Trends
• Statistics
• Hazard
• Building Contract Conditions
• Scope of Cover
• Contractors' Liability
• Rating and Deductibles
• Loss History
• Major Insurers
• Reinsurance
• Distribution
• Major Projects
• Building Cost Index
• Principal Contractors

Machinery Breakdown

• Summary and Trends
• Statistics
• Scope of Cover
• Rating and Deductibles
• Loss History
• Major Insurers
• Reinsurance
• Distribution
• Statutory Inspection Requirements
• Locally Manufactured Equipment
• Extended Warranty

Motor

• Summary and Trends
• Legislative Update
• Projected Legislation
• Statistics
• Statutory Third Party Limits
• Other Regulatory Considerations
• International Motor
• Scope of Cover
• Rating and Deductibles
• No Claims Discount System
• Loss Experience and Trends in Court Awards
• Major Insurers
• Reinsurance
• Distribution
• Road System
• Number and Values of Vehicles
• Motor Fleets and Commercial Vehicles

Workers' Comp. and Employers' Liability

• Summary and Trends
• Statistics
• Regulatory Considerations
• Legislative Update
• Projected Legislation
• Expatriates
• Limits of Indemnity
• Scope of Cover
• Rating
• Loss Experience
• Major Insurers
• Reinsurance
• Distribution

Liability

General Third Party

• Summary and Trends
• Legislative Update
• Legislative Update
• Projected Legislation
• Statistics
• Scope of Cover
• Rating and Deductibles
• Loss Experience
• Major Insurers
• Reinsurance
• Distribution

Product Liability

• Summary and Trends
• Legislative Update
• Projected Legislation
• Scope of Cover
• Territorial Limits
• Special Risks
• Product Guarantee, Recall and Malicious Product Tamper

Professional Indemnity

• Summary and Trends
• Legislative Update
• Projected Legislation
• Statistics
• Scope of Cover
• Rating and Deductibles
• Loss Experience
• Major Insurers
• Professions

Directors' and Officers' Liability

• Summary and Trends
• Company Law
• Scope of Cover
• Rating and Deductibles
• Loss Experience
• Major Insurers
• Reinsurance
• Distribution

Pollution and Environmental Liability

• Summary and Trends
• Legislative Update
• Projected Legislation
• Scope of Cover
• Major Insurers
• Exposure

Financial and Professional Risks

• Summary and Trends
• Scope of Cover and Rating
• Major Insurers

Surety, Bonds and Credit

• Summary and Trends
• Statistics
• Construction/Other Bonds
• Export Credit
• Domestic Trade Credit
• Mortgage Indemnity Insurance

Marine, Aviation and Transit

• Summary and Trends
• Statistics

Marine Hull

• Summary and Trends
• Statistics
• Marine Hazard
• Marine Risks
• Scope of Cover
• Rating
• Loss Experience and Largest Losses
• Major Insurers
• Reinsurance
• Distribution

Marine Cargo

• Summary and Trends
• Statistics
• Hazard
• Scope of Cover
• Rating
• Loss Experience
• Major Insurers
• Reinsurance
• Distribution

Marine Liability

• Summary and Trends
• Local Market
• Compulsory Covers
• Pollution
• P&I
• Limits of Liability
• Major Insurers

Oil & Energy Risks

• Energy Supply
• Energy Sector

Aviation

• Summary and Trends
• Statistics
• Airlines
• General Aviation
• Space
• Aviation Liabilities
• International Airports
• Loss Experience
• Major Insurers
• Reinsurance
• Distribution

Personal Accident and Travel

Personal Accident

• Summary and Trends
• Statistics
• Scope of Cover
• Rating and Deductibles
• Loss Experience
• Major Insurers
• Reinsurance
• Distribution
• Creditor Insurance

Travel

• Summary and Trends
• Statistics
• Scope of Cover
• Rating and Deductibles
• Loss Experience
• Major Insurers
• Reinsurance
• Distribution

Appendix No 1 - Market Statistics

Insurance Supervisor's Report

• Summary
• Change in Format
• Date of Latest Report

Non-Life Market totals

• Introduction

Non-Life Insurance

• Premiums and Loss Ratios

Personal Accident

• Premiums and Loss Ratios

Appendix No 2 - Company Statistics

• Introduction

Insurance Companies

Reinsurance Companies

Appendix No 3 - Directory

Industry organisations

Insurance Companies

Reinsurance Companies

Captive Managers

Intermediaries

• Insurance Brokers/Consultants
• Reinsurance Brokers

Loss Adjusters

Others