€¦ · 2 © comitÉ europÉen des assurances european insurance in figures, 2002 summary...

C O M I T É E U R O P É E N D E S A S S U R A N C E SP A R I S - B R U S S E L S

Basic Data 2001

2000Complete Data

© COMITÉ EUROPÉEN DES ASSURANCES European Insurance in Figures, 20022

Summary

METHODOLOGICAL

note 5

THE EUROPEAN INSURANCE INDUSTRY

NATIONAL ASSOCIATIONS WHICH

took part in this study 7 INTRODUCTORY

remarks 9

10PART A

III- EMPLOYMENT IN INSURANCECOMPANIES 39

III.1 Number and growth of employees92 to 2001 40

III.2 Structure of employment 2000 42

IV- PREMIUM OF EUROPEAN INSURERS 43IV.1 Total direct premium income 45

Premium in euro million 92 to 2001 45Growth rate 2000/2001 46Share of each country in the total2000/2001 47

IV.2 Total direct life premium income 48Premium in euro million 92 to 2001 48Growth rate 2000/2001 49Share of each country in the total2000/2001 50

IV.3 Total direct non-life premium income 51Premium in euro million 92 to 2001 51Growth rate 2000/2001 52Share of each country in the total2000/2001 53

IV.4 Percentage share of life andnon-life premium 2000/2001 54

V- INVESTMENTS 55V. 1 Total investments 57

Investments in euro million 92 to 2001 57Growth rate 2000/2001 58Share of each country in the total2000/2001 59Investments per category 2000 60Percentage share of life andnon-life investments 2000/2001 62

V.2 Life investments 63Investments in euro million 92 to 2001 63Growth rate2000/2001 64Share of each country in the total2000/2001 65

V.3 Non-life investments 66Investments in euro million 92 to 2001 66Growth rate 2000/2001 67Share of each country in the total2000/2001 68

I- OVERVIEW 12

Total of insurance companies(number and change) 92 to 2001 12

Employment in insurance companies(number and change) 92 to 2001 13

Total premium (number and change)92 to 2001 14

Life premium (number and change)92 to 2001 15

Non-life premium (number and change)92 to 2001 16

Percentage share of life andnon-life premium 92 to 2001 17

Total investments (number and change)92 to 2001 18

Life investments (number and change)92 to 2001 19

Non-life investments (number and change)92 to 2001 20Percentage share of life and non-lifeinvestments 92 to 2001 21

Total premium/GDP 22

Life premium/GDP 22

Non-life premium/GDP 22

Investments/GDP 22

Total premium per inhabitant 23

Life premium per inhabitant 24

Non-life premium per inhabitant 25

II- INSURANCE COMPANIES IN EUROPE 26

II.1 Companies operating on the market92 to 2001 27

II.2 Total number of insurance companies,Eu and Non-Eu branches - 92 to 2001 28

II.3 Largest life companies - 2000 31

II.4 Largest non-life companies - 2000 34

II.5 Market share of the largest life insurancecompanies - 2000 37

II.6 Market share of the largestnon-life insurance companies - 2000 38

© COMITÉ EUROPÉEN DES ASSURANCES European Insurance in Figures, 2002 3

Summary

193THE EUROPEAN INSURANCE INDUSTRYPART A

II.6 Liability insurance 113Premium in euro million 92 to 2001 113Share of each country in non-lifepremium 113Growth rate 2000/2001 114Claims expenditure 92 to 2000 115Operating expenses 92 to 2000 115Combined ratio 92 to 2000 115

II.7 Legal expenses insurance 116Premium in euro million 92 to 2001 116Share of each country in non-lifepremium 116Growth rate 2000/2001 117

II.8 Property insurance 118Premium in euro million 92 to 2001 118Share of each country in non-lifepremium 118Growth rate 2000 / 2001 119Share fire and theft to property92 to 2000 120

II.9 MAT insurance 121Premium in euro million 92 to 2001 121Share of each country in non-lifepremium 121Growth rate 2000/2001 122

III- DISTRIBUTION CHANNELS 123

III.1 Global (life and non-life) 95 to 2000 123III.2 Life 95 to 2000 124III.3 Non-life 95 to 2000 125

I- EUROPEAN LIFE INSURANCE 83

I.1 Provisions at year end 84Provisions in euro million 92 to 2000 84Growth rate 2000 85Share of each country in the total 2000 86Provisions/premiums ratio 92 to 2000 87

I.2 Life benefits 88I.3 Life technical results 96 to 2000 92

II- EUROPEAN NON-LIFE INSURANCE 97

II.1 Total non-life insurance per class92 to 2001 97

II.2 Breakdown of premium pernon-life classes 92 to 2001 99

II.3 Non-life technical results 98 to 2000 102II.4 Motor insurance 107

Premium in euro million 92 to 2001 107Share of each country in non-lifepremium 107Growth rate 2000/2001 108Claims expenditure 92 to 2000 109Operating expenses 92 to 2000 109Combined ratio 92 to 2000 109

II.5 Accident and health insurance 110Premium in euro million 92 to 2001Share of each country in non-lifepremium 110Growth rate 2000/2001 111Claims expenditure 92 to 2000 112Operating expenses 92 to 2000 112Combined ratio 92 to 2000 112

V.4 Investments/premium ratio 69Total 92 to 2001 69Life 92 to 2001 70Non-life 92 to 2001 71

VI- IMPORTANCE OF INSURANCEIN EUROPE 72

VI.1 Share in the European economy 74

Premium/GDP 92 to 2001 74Life premium/GDP 92 to 2001 75Non-life premium/GDP 92 to 2001 76Investments/GDP 92 to 2001 77

193PART B STRUCTURE OF THE EUROPEAN INSURANCE MARKET

Investments/market capitalisation98 to 2001 78

VI.2 Density of insurance 79

Total premium per inhabitant 92 to 2001 79Life premium per inhabitant 92 to 2001 80Non-life premium per inhabitant92 to 2001 81


COUNTRY GUIDE

Summary

137

130

127

ANNEXES

PART C

II- BREAKDOWN OF WORLDWIDEPREMIUM 134

I- SHARE IN WORLDWIDE PREMIUM 131

I.1 Total premium income 85 to 2000 132I.2 Share in total 85 to 2000 133

PART E

I- ECONOMIC DATA 138

I.1 Exchange rate 92 to 2001 138

I. 2 GDP 92 to 2001 139

I. 3 Population 92 to 2001 140

I.4 Inflation 92 to 2001 141

II- INSURANCE DATA 142

II.1 Number of companies 92 to 2001 142

II.2 Number of employees 92 to 2001 143

II.3 Total premium(national currency million) 92 to 2001 144

II.4 Total life premium(national currency million) 92 to 2001 145

II.5 Total non-life premium(national currency million) 92 to 2001 146

II.6 Total investments(national currency million) 92 to 2001 147

II.7 Total life investments(national currency million) 92 to 2001 148

II.8 Total non-life investments(national currency million) 92 to 2001 149

II.9 Total life provisions(national currency million) 92 to 2001 150

II.10 Total non-life provisions(national currency million) 92 to 2001 151

II.11 Motor premium(national currency million) 92 to 2001 152

II.12 Accident and health premium(national currency million) 92 to 2001 153

II.13 Liability premium(national currency million) 92 to 2001 154

II.14 Legal expenses premium(national currency million) 92 to 2001 155

II.15 Property premium(national currency million) 92 to 2001 156

II.16 MAT premium(national currency million) 92 to 2001 157

COUNTRY GUIDE 2000 128

EUROPEAN INSURANCE IN THE WORLDPART D

COUNTRY GUIDE 2001 129


collects, analyses and compilesannually a substantial amountCEA

Methodological note

CEA

of general, financial and technical data re-lating to insurance obtained from its mem-bers.

This financial information is collected inmillions in each market’s national currency.It is then converted into euros at the exchangerate on 31 December of each year for non-euro zone countries as published by the Eu-ropean Commission.

The inflation-adjusted value is calculatedon the basis of data in national currencyconverted by the price inflation rate pub-lished by the OECD (base 100 in 1995).

Conversion into inflation-adjusted euros isdone at the rate for the last year in order tocancel out variations in exchange rates.

Variations on each market are then calcu-lated for data in national currency for non-inflation adjusted variations and for datain national currency corrected for inflationfor variations exclusive of inflation.

Total variations per zone are calculated foreuro and non-inflation adjusted euro to-tals.

In the overview part, year on year varia-tions have been calculated by subtractingfrom the total data countries for whichthere was no information for the previousor following year. In the other chapters andfor 2001, data for the previous year hasbeen used if information is lacking.

Geographical zones comprise all 29 CEAmembers for the general total, the 15 Eu-ropean Union member countries for theEU, the 11 member countries of the eurozone in 2001 for the euro zone, the EUcountries plus CH, IS and NO for the EEA.

Data compilation, processing and comments:Bruno [email protected]

Editor:Jacques LÉ[email protected]

CEA National Associationswhich took part in this study

ISO CODE /Country

AT/Austria/ÖsterreichVerband der Versicherungsunternehmen Österre-ichs (VVO)BE/Belgium/Belgique/BelgïeUnion Professionnelle des Entreprisesd’Assurances (UPEA)Beroepsvereniging derVerzekeringsondernemingen (BVVO)CH/Switzerland/Suisse/SchweizSchweizerischer Versicherungsverband (SVV)Association Suisse d’Assurances (ASA)CY/Cyprus/KýprosInsurance Association of CyprusCZ/Czech Republic/Ceská RepublikaCeská asociace pojištov’en (CAP)DE/Germany/DeutschlandGesamtverband der DeutschenVersicherungswirtschaft (GDV)DK/DenmarkForsikring & Pension (F&P)EE/EstoniaEesti Kindlustusseltside LiitES/Spain/EspañaUnión Española de Entidades Aseguradorasy Reaseguradoras (UNESPA)FI/Finland/SuomiSuomen Vakuutusyhtiöiden KeskusliittoFR/FranceFédération Française des Sociétés d’Assurances(FFSA)GB/United KingdomThe British Insurers’ European Committee (BIEC)GR/Greece/EllásAssociation of Insurance Companies-GreeceAssociation des Compagnies d’Assurances -Grèce

HU/Hungary/MagyarországMagyar Biztositók Szövetsége (MABISZ)IE/Eire/IrelandThe Irish Insurance Federation (IIF)IS/Iceland/IslandSamband Íslenskra TryggingafélagaIT/Italy/ItaliaAssociazione Nazionale fra le ImpreseAssicuratrici (ANIA)LT/LithuaniaLietuvos draudiku asociacijaAssociation of Lithuanian InsurersLU/LuxembourgAssociation des Compagnies d’Assurancedu Grand-Duché de Luxembourg (ACA)LV/LatviaLatvijas Apdrošinataju AsociacijaMT/MaltaMalta Insurance AssociationNL/Netherlands/NederlandVerbond van Verzekeraars in Nederland (VVN)NO/Norway/NorgeFinansnæringens Hovedorganisasjon (FNH)PL/Poland/PolskaPolska Izba Ubezpieczen (PIU)PT/PortugalAssociaçao Portuguesa de Seguradores (APS)SE/Sweden/SverigeSveriges FörsäkringsförbundSI/SloveniaSlovensko Zavarovalno Zdruzenje (SZZ)SK/Slovakia/SlovenskoSlovenská asociácia poistovniTR/Turkey/TürkiyeTürkiye Sigorta ve Reasürans Sirketleri Birligi


Introductory remarks

Each year has its own characteristics anddominant traits, even though global develop-ments in the insurance industry continue to

make slow progress with however more or lessmarked fluctuations. According to initial esti-mates, 2001 represents a very clear slowing downin global activity on the 29 CEA member insur-ance markets.

With regard to the economic environment of theindustry, 2000 was characterised by a sharp risein energy prices and the start of a downturn instock-market values.

2001 represented a year of net slowdown in Eu-ropean and even world growth, accentuated –from a financial point of view - by the stock-mar-ket collapse following on from the bursting of thespeculative “e-economy” bubble.

It was also a particularly difficult year for insur-ance, especially because of the very serious con-sequences of the 11 September attacks half ofwhose costs are being carried by European insur-ers and – even more – reinsurers.

The combined effect of the collapse of stock-mar-ket values and the exceptional claims for this yearwill not leave European insurers with any fondmemories even though no catastrophe affected theindustry which thus proved its effectiveness andits discrete but powerful economic usefulness.

Following a 2000 during which the global vol-ume of premiums on the 29 CEA member insur-ance markets grew by more than 12% in real value(inflation-adjusted), 2001 seems therefore (theseare estimates) to have witnessed a substantialslowing down of global activity with only 2.6%of growth in premium volume.

For the reasons already referred to, it is life busi-ness which has suffered the most from thisslowdown: + 15.6% in 1999, + 17.6% in 2000and only + 1.8% in 2001 with however differ-ences from market to market.

At the same time, non-life business managed tomaintain the slight improvement begun in 2000(+3.1% in real value) and even to accentuate itwith a growth of nearly 4% in 2001.

The result was an unusual situation where – for thefirst time since 1992 – life business grew lessstrongly than non-life business throughout Europe.

This reversal should not however last and life in-surance should quickly return to its previousstrong growth over the next few years, in particu-lar because of the considerable needs which stillexist on several European markets for consolidat-ing and perpetuating national pension systems,especially by constituting pension funds on afunded basis, an area in which life insurers havespecific expertise.



Summary

PART ATHE EUROPEAN INSURANCE INDUSTRY

I- OVERVIEW 12Total of insurance companies(number and change) 92 to 2001 12Employment in insurance companies(number and change) 92 to 2001 13Total premium (number and change)92 to 2001 14Life premium (number and change)92 to 2001 15Non-life premium (number and change)92 to 2001 16Percentage share of life andnon-life premium 92 to 2001 17Total investments (number and change)92 to 2001 18Life investments (number and change)92 to 2001 19Non-life investments (number and change)92 to 2001 20Percentage share of life and non-lifeinvestments 92 to 2001 21Total premium/GDP 22Life premium/GDP 22Non-life premium/GDP 22Investments/GDP 22Total premium per inhabitant 23Life premium per inhabitant 24Non-life premium per inhabitant 25

II- INSURANCE COMPANIES IN EUROPE 26

II.1 Companies operating on the market92 to 2001 27

II.2 Total number of insurance companies,Eu and Non-Eu branches - 92 to 2001 28

II.3 Largest life companies - 2000 31

II.4 Largest non-life companies - 2000 34

II.5 Market share of the largest life insurancecompanies - 2000 37

II.6 Market share of the largestnon-life insurance companies - 2000 38

III- EMPLOYMENT IN INSURANCECOMPANIES 39

III.1 Number and growth of employees92 to 2001 40

III.2 Structure of employment 2000 42

IV- PREMIUM OF EUROPEAN INSURERS 43

IV.1 Total direct premium income 45Premium in euro million 92 to 2001 45Growth rate 2000/2001 46Share of each country in the total2000/2001 47

IV.2 Total direct life premium income 48Premium in euro million 92 to 2001 48Growth rate 2000/2001 49Share of each country in the total2000/2001 50

IV.3 Total direct non-life premium income 51Premium in euro million 92 to 2001 51Growth rate 2000/2001 52Share of each country in the total2000/2001 53

IV.4 Percentage share of life andnon-life premium 2000/2001 54

V- INVESTMENTS 55

V. 1 Total investments 57Investments in euro million 92 to 2001 57Growth rate 2000/2001 58Share of each country in the total2000/2001 59Investments per category 2000 60Percentage share of life andnon-life investments 2000/2001 62

V.2 Life investments 63Investments in euro million 92 to 2001 63Growth rate2000/2001 64Share of each country in the total2000/2001 65


Summary

527769

815

0

50

100

150

200

250

300

350

400

450

500

GB DE FR SE NL ES DK IT BE IE CH GR NO LU PT AT PL FI TR CZ CY LT SK LV M T HU EE SI IS

Companies Growth rate

-0.6%-0.7%

0.6%

0.1%

0.0%0.1%

-2.4%

-1.1%-0.4%

5,200

5,250

5,300

5,350

5,400

5,450

5,500

1992 1993 1994 1995 1996 1997 1998 1999 2000 2001(*)

-2.5%

0.0%

2.5%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

1993 1994 1995 1996 1997 1998 1999 2000 2001

EU

Outside EU

PART ATHE EUROPEAN INSURANCE INDUSTRY

V.3 Non-life investments 66Investments in euro million 92 to 2001 66Growth rate 2000/2001 67Share of each country in the total2000/2001 68

V.4 Investments/premium ratio 69Total 92 to 2001 69Life 92 to 2001 70Non-life 92 to 2001 71

VI- IMPORTANCE OF INSURANCEIN EUROPE 72

VI.1 Share in the European economy 74

Premium/GDP 92 to 2001 74Life premium/GDP 92 to 2001 75Non-life premium/GDP 92 to 2001 76Investments/GDP 92 to 2001 77Investments/market capitalisation98 to 2001 78

VI.2 Density of insurance 79

Total premium per inhabitant 92 to 2001 79Life premium per inhabitant 92 to 2001 80Non-life premium per inhabitant92 to 2001 81


NUMBER OF COMPANIES

I- OVERVIEW

(Source CEA)

1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 (*)Total CEA 5,395 5,372 5,376 5,442 5,468 5,469 5,477 5,400 5,343 5,322of which EU 4,974 4,927 4,875 4,894 4,905 4,882 4,866 4,800 4,738 4,693

of which Euro 3,230 3,185 3,161 3,166 3,194 3,157 3,156 3,121 3,064 3,055

of which EEA 5,220 5,173 5,116 5,133 5,135 5,120 5,105 5,034 4,977 4,952

of which Others 175 199 260 309 333 349 372 366 366 370(*) estimate

(Source CEA)

Growth rate (%) 1993 1994 1995 1996 1997 1998 1999 2000 2001 (*)Total CEA -0.6 -0.7 0.6 0.1 0.0 0.1 -2.4 -1.1 -0.4of which EU -0.9 -1.1 0.4 0.2 -0.5 -0.3 -2.6 -1.3 -1.0

of which Euro -1.4 -0.8 0.2 0.9 -1.2 0.0 -2.9 -1.8 -0.3

of which EEA -0.9 -1.1 0.3 0.0 -0.3 -0.3 -2.5 -1.1 -0.5

of which Others 8.6 9.5 5.4 1.0 4.8 6.6 -1.6 0.0 1.4(*) estimate

European insurance companies

PART A

(Source CEA)

Companies Growth rate

-0.6%-0.7%

0.6%

0.1%

0.0%0.1%

-2.4%

-1.1%-0.4%

5,200

5,250

5,300

5,350

5,400

5,450

5,500

1992 1993 1994 1995 1996 1997 1998 1999 2000 2001(*)

-2.5%

0.0%

2.5%


EMPLOYMENT

I- OVERVIEW

(Source CEA)

1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 (*)Total CEA 1,029,152 1,008,196 1,008,746 1,000,429 1,009,942 1,028,226 1,035,324 1,035,477 1,039,050 1,040,493of which EU 909,522 886,238 879,545 865,496 863,970 873,472 874,804 871,296 874,577 875,666

of which Euro 629,855 622,952 613,985 609,207 604,208 600,515 596,757 600,065 602,592 606,466

of which EEA 970,929 946,697 939,312 925,008 923,657 933,612 935,741 931,105 933,843 934,566

of which Others 58,223 61,499 69,434 75,421 86,285 94,614 99,583 104,372 105,207 105,927(*) estimate

(Source CEA)

Growth rate (%) 1993 1994 1995 1996 1997 1998 1999 2000 2001 (*)Total CEA -2.0 -0.3 -0.9 0.9 1.8 0.7 0.0 0.3 0.1of which EU -2.6 -0.8 -1.6 -0.2 1.1 0.2 -0.4 0.4 0.1

of which Euro -1.1 -1.4 -0.8 -0.8 -0.6 -0.6 0.6 0.4 0.7

of which EEA -2.5 -0.8 -1.5 -0.1 1.1 0.2 -0.5 0.3 0.1

of which Others 5.6 7.6 7.6 13.3 9.7 5.3 4.8 0.8 0.8(*) estimate

-2.04

-0.27

-0.89

0.86

1.81

0.69

0.01

0.350.15

980,000

990,000

1,000,000

1,010,000

1,020,000

1,030,000

1,040,000

1,050,000

1992 1993 1994 1995 1996 1997 1998 1999 2000 2001(*)

-3.0%

0.0%

3.0%

Employees Growth rate

Employment in European insurance companies

PART A

(Source CEA)


TOTAL DIRECT PREMIUM INCOME

I- OVERVIEW

Total direct premium

Euro millionAmount 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 (*)Total CEA 384,911 429,531 458,252 486,738 532,600 583,226 610,254 712,579 813,535 854,659of which EU 359,558 400,889 426,981 451,426 496,320 540,945 564,167 662,990 760,198 798,753

of which Euro 251,093 279,963 313,505 341,711 359,127 378,267 389,288 433,554 481,423 495,056of which EEA 381,239 425,007 453,685 481,474 525,919 574,899 600,316 700,482 799,311 839,646

of which Others 3,671 4,524 4,567 5,264 6,681 8,326 9,938 12,097 14,223 15,013

(*) estimate

% (inflation-adjusted)Growth rate 1993 1994 1995 1996 1997 1998 1999 2000 2001 (*)Total CEA 8.5 4.0 3.5 6.0 5.5 4.1 10.0 12.1 2.6of which EU 8.8 3.7 3.4 5.9 5.2 3.7 10.9 12.8 2.6

of which Euro 9.0 8.6 5.6 4.5 5.1 0.8 10.0 8.5 0.8of which EEA 8.6 3.9 3.5 5.9 5.4 4.0 9.9 12.3 2.6

of which Others 4.0 6.8 6.1 15.3 18.0 11.0 15.0 1.8 2.3

(*) estimate

(Source CEA)

(Source CEA)

8.52

3.963.52

5.99

5.53

4.07

10.00

12.18

2.52

0

200,000

400,000

600,000

800,000

1,000,000

1992 1993 1994 1995 1996 1997 1998 1999 2000 2001(*)

0.0%

5.0%

10.0%

15.0%

Total direct premium Real growth rate

PART A

(Source CEA)


TOTAL DIRECT LIFE PREMIUM INCOME

I- OVERVIEW

Total direct life premium income

Euro millionAmount 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 (*)Total CEA 187,900 213,025 230,152 250,098 289,620 332,878 357,745 443,075 529,550 552,968 of which EU 175,378 198,626 213,601 230,516 269,220 308,146 330,028 414,856 500,531 521,455


of which Others 853 1,057 1,146 1,419 1,867 2,339 2,907 4,160 4,931 5,365

(*) estimate


of which Euro 11.0 14.4 8.3 8.7 10.1 1.6 16.6 13.0 -1.5of which EEA 9.8 4.9 6.0 12.1 10.0 7.2 15.4 17.7 1.8

of which Others 11.4 12.1 14.4 18.3 18.2 15.4 36.9 4.0 1.1

(*) estimate

(Source CEA)

(Source CEA)

9.77

4.96

6.06

12.15

10.07

7.29

15.57

17.60

1.820

100,000

200,000

300,000

400,000

500,000

600,000

1992 1993 1994 1995 1996 1997 1998 1999 2000 2001(*)

0.0%

9.0%

18.0%

Total direct life premium Real growth rate

PART A

(Source CEA)


TOTAL DIRECT NON-LIFE PREMIUM INCOME

I- OVERVIEW

Total direct non-life premium


of which Euro 140,774 154,075 165,116 175,781 178,020 178,376 182,045 188,905 198,423 210,511

of which EEA 194,193 213,039 224,678 232,795 238,167 244,360 245,479 261,567 274,693 292,043


% (inflation-adjusted)Growth rate 1993 1994 1995 1996 1997 1998 1999 2000 2001 (*)Total CEA 7.3 2.9 0.9 -0.7 0.0 -0.3 1.9 3.1 3.9of which EU 7.7 3.0 1.0 -0.9 -0.3 -0.5 1.5 2.7 4.5

of which Euro 7.4 3.8 3.2 0.6 0.0 0.0 2.6 2.6 4.0

of which EEA 7.3 2.9 0.9 -0.9 -0.3 -0.4 1.9 3.2 4.0


(Source CEA)

(Source CEA)

7.28

2.94

0.90

-0.69

-0.03

-0.28

1.91

3.1

3.9

0

50,000

100,000

150,000

200,000

250,000

300,000

350,000

1992 1993 1994 1995 1996 1997 1998 1999 2000 2001(*)

-2.0%

0.0%

2.0%

4.0%

6.0%

8.0%

Total direct non-life premium Real growth rate

PART A

(Source CEA)


PERCENTAGE SHARE OF LIFE AND NON-LIFE PREMIUM

I- OVERVIEW

Share of life and non-life premium

%1992 1993 1994 1995 1996

Life Non-life Life Non-life Life Non-life Life Non-life Life Non-lifeTotal CEA 48.8 51.2 49.6 50.4 50.2 49.8 51.4 48.6 54.4 45.6of which EU 48.8 51.2 49.5 50.5 50.0 50.0 51.1 48.9 54.2 45.8

of which Euro 43.9 56.1 45.0 55.0 47.3 52.7 48.6 51.4 50.4 49.6

of which EEA 49.1 50.9 49.9 50.1 50.5 49.5 51.6 48.4 54.7 45.3of which Others 23.2 76.8 23.4 76.6 25.1 74.9 26.9 73.1 27.9 72.1

(*) estimate

(Source CEA)

(Source CEA)

48.82 49.59 50.22 51.38 54.38 57.08 58.62 62.18 65.07 64.70

51.18 50.41 49.78 48.62 45.62 42.92 41.38 37.82 34.93 35.30

1992 1993 1994 1995 1996 1997 1998 1999 2000 2001(*)

Non-life

Life

%1997 1998 1999 2000 2001 (*)


of which Euro 52.8 47.2 53.2 46.8 56.4 43.6 58.8 41.2 57.5 42.5


(*) estimate

PART A

(Source CEA)


TOTAL INVESTMENTS

I- OVERVIEW

Total investments


of which Euro 10.4 8.8 12.4 13.4 12.5 11.8 10.3 5.8 4.6

of which EEA 10.5 4.1 12.3 10.8 13.1 11.5 12.3 4.1 0.7


(Source CEA)

(Source CEA)

10.5

4.2

12.3

10.9

13.1

11.6

12.3

4.2

0.7

0

1,000,000

2,000,000

3,000,000

4,000,000

5,000,000

6,000,000

1992 1993 1994 1995 1996 1997 1998 1999 2000 2001(*)

0.0%

7.0%

14.0%

Total investments Real growth rate

Euro millionAmount 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 (*)Total CEA 1,831,390 2,089,169 2,229,795 2,553,298 2,958,174 3,497,566 3,904,234 4,696,488 4,956,788 5,102,910of which EU 1,686,055 1,923,691 2,048,288 2,348,178 2,745,940 3,255,624 3,643,441 4,386,055 4,632,326 4,782,161

of which Euro 1,003,132 1,143,394 1,286,226 1,496,558 1,699,157 1,914,149 2,182,985 2,433,094 2,630,814 2,803,152

of which EEA 1,829,641 2,086,188 2,226,449 2,546,832 2,949,921 3,487,434 3,891,228 4,679,303 4,934,402 5,076,395


PART A

(Source CEA)


LIFE INVESTMENTS

I- OVERVIEW

Life investments

% (inflation-adjusted)Growth rate 1993 1994 1995 1996 1997 1998 1999 2000 2001 (*)Total CEA 12.2 4.5 13.1 11.5 14.2 12.5 14.2 5.0 -0.1of which EU 12.8 4.3 13.8 11.7 14.6 12.6 14.5 5.3 0.2

of which Euro 11.9 10.7 13.0 15.1 13.2 13.4 11.2 6.5 3.3of which EEA 12.2 4.5 13.1 11.4 14.2 12.5 14.2 5.0 -0.2

of which Others 35.2 12.8 17.5 24.3 28.4 21.7 22.0 29.3 9.3

(*) estimate

(Source CEA)

(Source CEA)

12.2

4.5

13.1

11.5

14.2

12.5

14.2

5.0

-0.1

0

1,000,000

2,000,000

3,000,000

4,000,000

5,000,000

1992 1993 1994 1995 1996 1997 1998 1999 2000 2001(*)

-8.0%

0.0%

8.0%

16.0%

Life investments Real growth rate

Euro millionAmount 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 (*)Total CEA 1,377,606 1,597,183 1,708,948 1,963,774 2,299,628 2,758,433 3,102,015 3,816,508 4,056,691 4,144,670of which EU 1,269,840 1,474,024 1,572,609 1,809,992 2,143,505 2,578,989 2,904,762 3,581,211 3,816,100 3,906,894

of which Euro 701,130 811,528 928,231 1,086,400 1,251,577 1,419,614 1,642,355 1,844,920 2,008,911 2,113,150of which EEA 1,377,015 1,595,814 1,707,415 1,961,376 2,296,347 2,753,900 3,096,326 3,809,038 4,046,100 4,132,024

of which Others 591 1,369 1,533 2,398 3,281 4,533 5,689 7,470 10,591 12,646

(*) estimate

PART A

(Source CEA)


NON-LIFE INVESTMENTS

I- OVERVIEW

Non-life investments


of which Euro 302,002 331,866 357,995 410,158 447,580 494,535 540,629 588,174 614,198 681,912

of which EEA 451,324 488,775 517,154 583,289 650,897 730,317 791,348 865,688 875,653 931,128

of which Others 549 867 892 2,005 2,571 3,155 4,164 6,103 7,757 9,829(*) estimate

% (inflation-adjusted)Growth rate 1993 1994 1995 1996 1997 1998 1999 2000 2001 (*)Total CEA 4.8 3.0 9.9 8.7 9.0 7.9 4.5 -0.2 4.5of which EU 4.9 3.0 10.6 8.0 9.3 8.6 4.1 -1.1 5.6

of which Euro 6.8 4.2 10.9 8.9 10.3 7.2 7.9 2.2 9.1

of which EEA 4.8 3.0 9.9 8.7 9.0 7.8 4.4 -0.3 4.5


(Source CEA)

(Source CEA)

Non-life investments Real growth rate

4.8

3.0

9.98.7

9.0

7.9

4.5

-0.2

4.5

0

100,000

200,000

300,000

400,000500,000

600,000

700,000

800,000

900,000

1,000,000

1992 1993 1994 1995 1996 1997 1998 1999 2000 2001(*)

-5.0%

0.0%

5.0%

10.0%

PART A

(Source CEA)


PERCENTAGE SHARE OF LIFE AND NON-LIFE INVESTMENTS

I- OVERVIEW

Share of life and non-life investments

%1992 1993 1994 1995 1996

Life Non-life Life Non-life Life Non-life Life Non-life Life Non-lifeTotal CEA 76.0 24.0 77.2 22.8 77.5 22.5 78.0 22.0 78.4 21.6

of which EU 76.1 23.9 77.4 22.6 77.6 22.4 78.1 21.9 78.7 21.3

of which Euro 70.0 30.0 70.9 29.1 72.2 27.8 72.6 27.4 73.7 26.3


(*) estimate

(Source CEA)

(Source CEA)

76.0 77.2 77.5 78.0 78.4 79.2 79.9 81.3 81.9 81.2

24.0 22.8 22.5 22.0 21.6 20.8 20.1 18.7 18.1 18.8

1992 1993 1994 1995 1996 1997 1998 1999 2000 2001

Non-life

Life

%1997 1998 1999 2000 2001 (*)


of which Euro 74.2 25.8 75.2 24.8 75.8 24.2 76.3 23.7 75.2 24.8


(*) estimate

PART A

(Source CEA)


0

1

2

3

4

5

6

7

8

9

10

1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 (*)

Total premium/GDP

Life premium/GDP

Non-life premium/GDP

I- OVERVIEW

(Source CEA)

1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 (*)Total CEA 6.1 6.6 6.8 6.7 7.0 7.2 7.1 7.9 8.6 8.7of which EU 6.2 6.8 6.9 6.8 7.1 7.4 7.3 8.2 9.0 9.1

of which Euro 5.4 6.0 6.3 6.4 6.5 6.7 6.6 7.1 7.5 7.4

of which EEA 6.3 6.9 7.0 6.9 7.2 7.5 7.4 8.2 9.0 9.1

of which Others 1.5 1.6 1.8 1.8 1.9 2.1 2.2 2.6 2.6 2.8(*) estimate

(Source CEA)


of which Euro 2.4 2.7 3.0 3.1 3.3 3.6 3.5 4.0 4.4 4.2


(*) estimate

Share in GDP 1992 to 2001 (%)

Total premium/GDP

Life premium/GDP

(Source CEA)

1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 (*)Total CEA 3.1 3.3 3.4 3.3 3.2 3.1 3.0 3.0 3.0 3.1of which EU 3.2 3.4 3.4 3.3 3.3 3.2 3.0 3.1 3.1 3.2of which Euro 3.0 3.3 3.3 3.3 3.2 3.2 3.1 3.1 3.1 3.2

of which EEA 3.2 3.4 3.4 3.3 3.3 3.2 3.0 3.1 3.1 3.2

of which Others 1.2 1.2 1.3 1.3 1.4 1.5 1.6 1.7 1.7 1.8

(*) estimate

(Source CEA)


of which Euro 21.5 24.4 26.0 28.1 30.9 34.1 36.9 39.6 40.9 42.1


(*) estimate


Investments/GDP

(%)

PART A(S

ourc

e CE

A)


I- OVERVIEW

Total premium per inhabitant

(Source CEA)

1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 (*)Total CEA 762 845 899 946 1,026 1,119 1,159 1,348 1,544 1,629of which EU 977 1,084 1,154 1,213 1,330 1,446 1,504 1,764 2,016 2,104

of which Euro 879 975 1,092 1,183 1,239 1,302 1,337 1,486 1,646 1,673

of which EEA 1,005 1,115 1,189 1,254 1,367 1,490 1,552 1,806 2,055 2,145of which Others 29 36 36 40 50 62 71 86 103 108

(*) estimate

Total premium per inhabitant

(Source CEA)

Growth rate (%) 1993 1994 1995 1996 1997 1998 1999 2000 2001 (*)Total CEA 10.9 6.4 5.2 8.5 9.1 3.5 16.3 14.5 5.5of which EU 11.0 6.5 5.1 9.7 8.7 4.0 17.2 14.3 4.4

of which Euro 10.9 12.0 8.3 4.8 5.1 2.7 11.2 10.8 1.6

of which EEA 10.9 6.7 5.5 9.0 9.0 4.2 16.4 13.8 4.4of which Others 22.0 0.1 13.1 23.5 23.7 15.4 20.9 20.0 5.2

(*) estimate

(%)

10.9

6.4

5.2

8.59.1

3.5

16.3

14.5

5.5

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 (*)

0

2

4

6

8

10

12

14

16

18

Total premium per inhabitant Growth rate (%)

PART A

(Sou

rce

CEA)


I- OVERVIEW

Life premium per inhabitant

(Source CEA)

1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 (*)Total CEA 372 419 452 486 558 639 679 838 1,005 1,053of which EU 477 537 577 620 722 824 880 1,104 1,328 1,372

of which Euro 386 438 517 574 625 688 712 839 968 956

of which EEA 493 556 600 648 748 857 917 1,132 1,349 1,397of which Others 7 8 9 11 14 17 21 30 36 39

(*) estimate

Life premium per inhabitant

(Source CEA)

Growth rate 1993 1994 1995 1996 1997 1998 1999 2000 2001 (*)Total CEA 12.7 7.7 7.7 14.8 14.5 6.3 23.4 19.9 4.8of which EU 12.7 7.5 7.3 16.5 14.1 6.8 25.4 20.3 3.3

of which Euro 13.5 17.9 11.1 8.8 10.1 3.5 17.8 15.4 -1.2

of which EEA 12.8 8.0 7.9 15.4 14.5 7.1 23.4 19.2 3.6of which Others 22.6 7.4 21.5 28.1 24.4 20.1 42.1 21.0 8.9

(*) estimate

(%)

12.7

7.7 7.7

14.814.5

6.3

23.4

19.9

4.8

0

200

400

600

800

1,000

1,200

1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 (*)

0

5

10

15

20

25

Life premium per inhabitant Growth rate (%)

PART A

(Sou

rce

CEA)


I- OVERVIEW

Non-life premium per inhabitant

(Source CEA)

1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 (*)Total CEA 390 426 448 460 468 480 479 510 539 576of which EU 501 547 577 594 609 622 624 660 689 733

of which Euro 493 536 575 608 614 614 625 648 679 717

of which EEA 512 559 589 607 619 633 635 675 706 748of which Others 22 27 27 29 36 44 50 56 67 70

(*) estimate

Non-life premium per inhabitant

(Source CEA)

Growth rate 1993 1994 1995 1996 1997 1998 1999 2000 2001 (*)Total CEA 9.2 5.1 2.8 1.8 2.6 -0.2 6.3 5.7 6.9of which EU 9.3 5.5 2.9 2.5 2.2 0.3 5.7 4.3 6.4

of which Euro 8.9 7.2 5.8 1.0 -0.1 1.8 3.6 4.8 5.7

of which EEA 9.2 5.4 3.0 2.0 2.3 0.2 6.3 4.7 5.9of which Others 21.8 -2.2 10.3 21.9 23.5 13.5 12.1 19.5 3.3

(*) estimate

(%)

9.2

5.1

2.8

1.8

2.6

-0.2

6.3

5.7

6.9

0

100

200

300

400

500

600

700

1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 (*)

-2

0

2

4

6

8

10

Non-life premium per inhabitant Growth rate (%)

PART A

(Sou

rce

CEA)


COMMENTS

II- INSURANCE COMPANIES IN EUROPE PART A

The total number of insurance companies oper-ating on the European market remained relativelystable between 1992 and 2002.

The slight drop noted in European Union coun-tries is in fact compensated for by the rise in thenumber of companies in non-EU countries wherethe phenomenon is mainly due to the develop-ment of markets and their opening up to foreigncapital and investments.

Mergers between undertakings have not had a di-rect effect on the number of companies, eitherbecause groups have chosen for commercial rea-sons to maintain the names (marks) of mergedcompanies or because they have continued tomanage their business after having ceased to un-derwrite.

The differences in regulation and the diverse tra-ditions in countries explain the wide variety ex-isting between the size of markets and the numberof companies operating there. Hence, Sweden,the 9th market for total premiums issued, isnumber 4 for the number of companies whereasItaly, 4th market for premiums, is 8th for the numberof companies.

This should not however mask the real concen-tration which is under way throughout the Euro-pean insurance industry.

In life insurance:

The share of the leading five operators in eachcountry exceeded 50% of total premiums in 2000.In this traditionally concentrated market, the phe-nomenon has never stopped expanding over theyears. The management of funds invested byinsureds implies that operators should attain acritical size to guarantee their clients proper se-curity for their savings.

Markets on which the market share of the leadingfive companies is under 50% of the total (DE ESGB and IT) are furthermore of a size where theleading companies are, despite all, the biggest inEurope.

In non-life insurance:

Although less rapid than in life insurance, merg-ers amongst the biggest operators are also an on-going phenomenon in the field of non-life insur-ance.

On this market, which is more fragmented throughthe existence of numerous small companies orspecialist mutuals, the importance of new risksand the rise in the cost of claims have led opera-tors to merge so as to be able to meet a some-times uncertain future.


II-1 COMPANIES OPERATING ON THE MARKET

II- INSURANCE COMPANIES IN EUROPE PART A(S

ourc

e CE

A)

Country 1992 1995 1999 2000 2001 01/00 (*) 01/92 (*) 01/95 (*)(*) Growth rate Average

AT 74 78 77 77 80 3.9 0.9 0.4BE 276 255 219 207 202 -2.4 -3.4 -3.8CH 123 127 138 144 150 4.2 2.2 2.8CY 42 44 41 38 34 -10.5 -2.3 -4.2CZ 19 35 42 41 43 4.9 9.5 3.5DE 775 766 773 769 769 0.0 -0.1 0.1 (**)DK 235 265 263 260 260 0.0 1.1 -0.3EE 22 15 14 14 0.0 -7.3ES 430 379 370 354 350 -1.1 -2.3 -1.3FI 57 58 65 65 67 3.1 1.8 2.4FR 614 571 525 527 527 0.0 -1.7 -1.3GB 823 826 829 822 815 -0.9 -0.1 -0.2GR 161 141 114 110 102 -7.3 -4.9 -5.3HU 13 14 21 22 23 4.5 6.5 8.6IE 96 139 163 163 163 0.0 6.1 2.7 (**)IS 26 18 13 13 13 0.0 -7.4 -5.3IT 268 261 250 252 256 1.6 -0.5 -0.3LT 24 36 32 32 32 0.0 3.2 -1.9 (**)LU 72 81 94 93 93 0.0 2.9 2.3 (**)LV 37 27 25 25 0.0 -6.3 (**)MT 24 23 23 0.0NL 488 491 497 469 460 -1.9 -0.7 -1.1NO 97 94 83 82 96 17.1 -0.1 0.4PL 27 39 60 65 71 9.2 11.3 10.5PT 80 87 88 88 88 0.0 1.1 0.2SE 525 496 473 482 461 -4.4 -1.4 -1.2SI 13 14 14 14 0.0 1.2SK 15 27 29 29 0.0 11.6 (**)TR 50 54 63 63 62 -1.6 2.4 2.3Total CEA 5,395 5,442 5,400 5,343 5,322 -0.4 -0.4 -0.4of which EU 4,974 4,894 4,800 4,738 4,693 -0.9 -0.6 -0.7of which Euro 3,230 3,166 3,121 3,064 3,055 -0.3 -0.6 -0.6of which EEA 5,220 5,133 5,034 4,977 4,952 -0.5 -0.6 -0.6of which Others 175 309 366 366 370 1.1 4.7 2.0

527769

815

0

50

100

150

200

250

300

350

400

450

500


(*) Provisional(**) Data 2000 in 2001

CEA number of companies 2001

(Sou

rce

CEA)


1992 1995 1999 2000 00/99 00/92 00/95Country abs. % abs. % abs. % abs. % Growth rate AverageATTotal 74 100 78 100 77 100 77 100 0.0 0.5 -0.3Of which EU branches 6 8 10.3 9 9 0.0 5.2 2.4Of which non-EU branches 4 3 3.8 4 0.0 0.0 5.9BETotal 276 100 255 100 219 100 207 100 -5.5 -3.5 -4.1Of which EU branches 85 86 79 73 -7.6 -1.9 -3.2Of which non-EU branches 16 11 6 6 0.0 -11.5 -11.4CHTotal 123 100 127 100 138 100 144 100 4.3 2.0 2.5Of which EU branches 21 0.9 23 0.9 34 2.0 34 2.0 0.0 6.2 8.1Of which non-EU branches 5 0.3 2 0.1 3 0.0 3 0.0 0.0 -6.2 8.4CYTotal 42 100 44 100 41 100 38 100 -7.3 -1.2 -2.9Of which EU branches 19 25.0 15 11.0 10 5.9 8 7.1 -20.0 -10.2 -11.8Of which non-EU branches 5 9.0 4 8.0 2 3.9 2 8.0 0.0 -10.8 -12.9CZTotal 19 100 35 100 42 100 41 100 -2.4 10.1 3.2Of which EU branches 6 4.2 7 6 -14.3Of which non-EU branches 1 0.1 0 0DETotal 775 100 766 100 773 100 769 100 -0.5 -0.1 0.1Of which EU branches 61 0.7 74 84 83 -1.2 3.9 2.3Of which non-EU branches 20 2.5 14 12 15 25.0 -3.5 1.4DKTotal 235 100 265 100 263 100 260 100 -1.1 1.3 -0.4Of which EU branchesOf which non-EU branchesEETotal 22 100 15 100 14 100 -6.7 -8.6Of which EU branchesOf which non-EU branchesESTotal 430 100 379 100 370 100 354 100 -4.3 -2.4 -1.4Of which EU branches 23 5.3 13 2.3 39 10.5 37 10.4 -5.1 6.1 23.3Of which non-EU branches 3 0.7 7 1.6 3 0.8 2 0.6 -33.3 -4.9 -22.2FITotal 57 100 58 100 65 100 65 100 0.0 1.7 2.3Of which EU branches 1 5 0.1 12 1.5 13 2.0 8.3 37.8 21.1Of which non-EU branches 2 2 0.0 2 0.0 2 0.0 0.0 0.0 0.0FRTotal 614 100 571 100 525 100 527 100 0.4 -1.9 -1.6Of which EU branches 112 1.0 84 0.8 104 0.5 101 0.5 -2.9 -1.3 3.8Of which non-EU branches 33 1.4 21 1.2 16 1.0 17 1.0 6.3 -8.0 -4.1GBTotal 823 100 826 100 829 100 822 100 -0.8 0.0 -0.1Of which EU branches 60 74 9.0 83 10.0 96 11.0 15.7 6.1 5.3Of which non-EU branches 81 78 10.0 83 10.0 79 10.0 -4.8 -0.3 0.3

(Sou

rce

CEA)

II-2 INSURANCE COMPANIES BY REGION





1992 1995 1999 2000 00/99 00/92 00/95Country abs. % abs. % abs. % abs. % Growth rate AverageGRTotal 161 100 141 100 114 100 110 100 -3.5 -4.6 -4.8Of which EU branches 43 34 11.1 27 2.3 28 2.7 3.7 -5.2 -3.8Of which non-EU branches 13 6 6.2 5 5.4 4 5.4 -20.0 -13.7 -7.8HUTotal 13 100 14 100 21 100 22 100 4.8 6.8 12.0Of which EU branchesOf which non-EU branchesIETotal 96 100 139 100 163 100 163 200 0.0 6.8 3.2Of which EU branches 42 33.0 41 23.0 38Of which non-EU branches 3 0.0 3 1.0 3ISTotal 26 100 18 100 13 100 13 100 0.0 -8.3 -6.3Of which EU branchesOf which non-EU branchesITTotal 268 100 261 100 250 100 252 100 0.8 -0.8 -0.7Of which EU branches 39 1.4 32 1.6 45 1.6 48 2.0 6.7 2.6 8.4Of which non-EU branches 11 1.6 8 1.7 5 1.7 4 1.5 -20.0 -11.9 -12.9LTTotal 24 100 36 100 32 100 32 100 0.0 3.7 -2.3Of which EU branchesOf which non-EU branchesLUTotal 72 100 81 100 94 100 93 100 -1.1 3.3 2.8Of which EU branches 18 15 15 13 2.0 -13.3 -4.0 -2.8Of which non-EU branches 5 5 1 1 0.0 0.0 -18.2 -27.5LVTotal 37 100 27 100 25 100 -7.4 -7.5Of which EU branchesOf which non-EU branchesMTTotal 24 100 23 100 -4.2Of which EU branches 16 16 0Of which non-EU branches 3 2 -33.3NLTotal 488 100 491 100 497 100 469 100 -5.6 -0.5 -0.9Of which EU branches 150 137 117 117 0.0 -3.1 -3.1Of which non-EU branches 5 19 3.7 19 3.7 0.0 30.6NOTotal 97 100 94 100 83 100 82 100 -1.2 -2.1 -2.7Of which EU branches 11 0.4 12 0.9Of which non-EU branches 3 0.4 1 0.2PLTotal 27 100 39 100 60 100 65 100 8.3 11.6 10.8Of which EU branches 27 20.7 29 47.9 7.4Of which non-EU branches 8 5.1 10 11.1 25.0

(Sou

rce

CEA)


(Sou

rce

CEA)

1992 1995 1999 2000 00/99 00/92 00/95Country abs. % abs. % abs. % abs. % Growth rate AveragePTTotal 80 100 87 100 88 100 88 100 0.0 1.2 0.2Of which EU branches 35 8.3 38 8.4 36 5.2 37 4.6 2.8 0.7 -0.5Of which non-EU branches 3 2.1 3 1.2 2 0.9 2 1.0 0.0 -4.9 -7.8SETotal 525 100 496 100 473 100 482 100 1.9 -1.1 -0.6Of which EU branches 15 1.5 12 2.8 20 1.8 26 1.0 30.0 7.1 16.7Of which non-EU branches 0 0.0 2 0.0 2 0.0 2 0.0 0.0 0.0SITotal 13 100 14 100 14 100 0.0 1.5Of which EU branchesOf which non-EU branchesSKTotal 15 100 27 100 29 100 7.4 14.1Of which EU branches 2 15.8 8 13.4 14 29.9 75.0 47.6Of which non-EU branches 2 10.5 3 9.3 4 13.5 33.3 14.9TRTotal 50 100 54 100 63 100 63 100 0.0 2.9 3.1Of which EU branchesOf which non-EU branches

Total CEATotal 5,395 5,442 5,400 5,343 -1.1 -0.4 -0.4Of which EU branches 741 711 810 788 -2.7 -0.3 2.1Of which non-EU branches 207 178 182 178 -2.2 -4.7 0.0

of which E.U.Total 4,974 4,894 4,800 4,738 -1.3 -0.6 -0.6Of which EU branches 690 653 708 681 -3.8 -0.2 0.8Of which non-EU branches 194 168 163 157 -3.7 -4.3 -1.3

of which Euro zoneTotal 3,230 3,166 3,121 3,064 -1.8 -0.7 -0.7Of which EU branches 572 533 578 531 -8.1 -0.9 -0.1Of which non-EU branches 100 82 73 72 -1.4 -7.6 -2.6

Sub-total EEATotal 5,220 5,133 5,034 4,977 -1.1 -0.6 -0.6Of which EU branches 722 688 742 715 -3.6 -0.1 0.8Of which non-EU branches 202 171 166 160 -3.6 -4.6 -1.3

Sub-total OthersTotal 175 309 366 366 0.0 5.1 3.4Of which EU branches 19 23 68 73 7.4 -10.2 26.0Of which non-EU branches 5 7 16 18 12.5 -10.8 20.8




II-3 LARGEST EUROPEAN LIFE GROUPS/COMPANIES IN 2000


TOTAL DIRECT WRITTEN PREMIUM GROSS OF REINSURANCE (EURO MILLION)

N° 1 ON EACH MARKETCountry Company PremiumGB Barclays Life* 51,752FR CNP 16,291

DE Allianz 8,452

CH Rentenanstalt 5,672

NL ING 5,546BE Fortis 4,479

ES BBVA SEGUROS 3,011

IT Alleanza Assicurazioni 2,829

SE Skandia 2,698IE Irish Life 2,403

FI Varma-Sampo (1998) 2,207

DK PFA Pension 1,464

PT Seguros e Pensões 1,269PL PZU Zycie 1,134

NO Storebrand 877

LU Lombard international 800

GR Interamerican Life 299CZ Ceska Pojist’ovna 271

HU ING Nationale Nederlanden 208

TR Anadolu Hayat 207

CY Laiki Cyprialife 129SK Slovak Ins. Co 96

SI Triglav 78

EE Hansapanga Kindlustus 11

IS Sameinada 9LV Latva 2

AT Raiffeisen

LT

(Source CEA)N° 2 ON EACH MARKETCountry Company PremiumGB CGNU 13,875FR AXA 12,897

CH Winterthur Leben 5,163

DE Hamburg-Mannheimer 2,836

NL Aegon 2,786ES VIDACAIXA 2,500

SE SPP 2,451

IT Assicurazioni Generali 2,415

FI Ilmarinen 1,765BE KBC 1,723

PT Tranquilidade Vida 979

DK Danica 909

NO KLP 871IE Ark Life 785

LU Investlife 582

PL Commercial Union 417

GR Ethniki 212TR Yapi Kredi Yasam 146

HU AB-Aegon 136

CZ Nationale Nederlanden 116

CY Eurolife 86SK AMSLICO 50

SI Maribor 41

IS Lift. Islands 6

EE Ühispanga Elukindlustus 3LV Baltikums Dziviba (former Ezerzeme) 2

AT Sparkassen-Versicherung

LT

* Barclays Life premium income consists mainly ofthe management of institutional pension fund business.



N° 3 ON EACH MARKETCountry Company PremiumGB Prudential 12,646

FR Prédica 10,126

CH Zürich Leben 2,701DE R + V 2,567

IT Inst. Nazionale Ass. Ni. 2,293

SE SEB 1,948

NL Interpolis 1,885ES MAPFRE VIDA 1,206

BE Axa Royale Belge 1,130

FI Tapiola Pension 806

IE Hibernian Life 763PT Fidelidade - Mundial Confiança 731

DK Tryg Baltica 610

LU Paneurolife 575

NO Vital 522PL Nationale Nederlanden 217

GR Nationale Nederlanden 193

CZ IPB Pojist’ovna 105

TR Koç Allianz Hayat 104HU Generali-Providencia 86

CY Universal Life 83

SK Nationale Nederlanden 38

SI Merkur 19IS Alpjoda 4

EE Seesam Elukindlustus 3

LV Alterna Viva 2

AT Wiener StädtischeLT

(Source CEA)N° 4 ON EACH MARKETCountry Company PremiumGB Lloyds TSB 9,346

FR BNP/Paribas 7,871

DE Aachener und Münchener 2,550CH Basler Leben 1,962

IT Roma Vita 1,769

NL Achmea 1,652

SE Robur 1,594BE Les AP 1,127

ES CAJA MADRID 1,124

IE Lifetime 736

FI Fennia Pension 540DK Kommunernes 539

LU Scottish international 493

NO Gj.Nor.Sp. 482

PL Amplico Life 215PT Axa Portugal 121

GR Aspis Pronia 115

HU OTP-Garancia 80

TR Basak Hayat 51CZ Kooperativa 43

CY American Life 34

SK Kooperativa 19

SI Grawe 10EE BICO Elukindlustus 1

LV Rigas Fenikss-Dziviba 1

AT Generali Versicherung

ISLT







N° 5 ON EACH MARKETCountry Company PremiumGB Standard Life 8,061

FR AGF 5,552

DE Deutscher Herold 2,414NL DLL-N-O 1,640

IT Mediolanum Vita 1,532

CH Patria 1,255

ES BCH VIDA 1,074SE LF-group 1,001

BE SMAP 970

IE Friends First 664

DK Codan 361LU Euresa Life 300

FI Verdandi Pension 232

NO Sp.bank1-Liv 160

PT Grupo Allianz Portugal 116GR AIG Life - Alico 107

HU Allianz Hungaria 51

TR Günes Hayat 41

CZ Allianz 30PL Allianz ?ycie 24

SK Kontinuita 13

CY Interlife 11

SI FCE 9EE Nordika Elukindlustus 1

LV Solidaritate 0.4

AT UNIQA Personen

ISLT

(Source CEA)TOP 11 IN EUROPECountry Company PremiumGB Barclays Life 51,752

FR CNP 16,291

GB CGNU 13,875FR AXA 12,897

GB Prudential 12,646

FR Prédica 10,126

GB Lloyds TSB 9,346DE Allianz 8,452

GB Standard Life 8,061

FR BNP/Paribas 7,871

CH Rentenanstalt 5,672



N° 1 ON EACH MARKETCountry Company PremiumFR Groupama/GAN 6,940

DE Allianz 6,734

GB CGNU 6,334IT Riunione Adriatica di Sicurita’ 2,338

CH Winterthur 1,938

PL PZU 1,837

NL ING 1,783BE AXA Royale Belge 1,348

ES Mapfre 1,336

SE LF-group 1,054

DK Tryg-Baltica 833FI Sampo-group 806

PT Seguros e Pensões 786

IE Hibernian 644

CZ Ceskà Pojist’ovna 507HU Allianz Hungaria 338

SI Triglav 295

GR Ethniki 257

TR Axa Oyak 246SK Slovak Ins. Co. 211

LU Le Foyer 173

IS Sjova-Almennar 85

CY Laiki 34EE Sampo Eesti Varakindlustus 30

LV Balta 26

AT Wiener Städtische

LTNO If

(Source CEA)N° 2 ON EACH MARKETCountry Company PremiumFR AXA 6,021

GB Royal & Sun Alliance 5,139

DE AXA 2,848IT Assicurazioni Generali 2,159

NL ACHMEA 1,750

CH Zürich 1,619

NO Gjensidige 1,094ES Allianz 1,046

BE Fortis 966

SE Folksam 878

DK Topdanmark 748PT Fidelidade - Mundial Confiança 680

FI Pohjola-group 523

IE axa 408

PL Warta 367CZ Kooperativa 304

TR Koç Allianz 211

SI Health Insurance Mutual 196

HU Generali-Providencia 164GR Phoenix 118

LU La Luxembourgeoise 112

IS Vatryggingafélag 77

SK Kooperativa 39LV BTA 23

CY General Ins. of Cyprus 20

EE BICO-Leks Kindlustus 16

AT Allianz ElementarLT

II-4 LARGEST EUROPEAN NON-LIFE GROUPS/COMPANIES IN 2000






N° 3 ON EACH MARKETCountry Company PremiumFR AGF 5,261

GB AXA 2,943

DE Gerling 2,428IT SAI 2,000

NL DLL-N-O 1,171

CH Allianz 1,124

ES AXA 838SE If Skade 806

BE SMAP 662

NO Vesta 592

DK Codan 528PT Grupo Tranquilidade 363

IE Allianz 347

FI Tapiola-group 341

TR Anadolu 200CZ Allianz 151

PL Ergo-Hestia 149

SI Maribor 83

HU Ab-Aegon 83GR Agrotiki General 79

IS Tryggingamidstodin 61

LU AXA 53

SK Allianz 34LV AK Alianse 20

CY Minerva 12

EE Seesam Kindlustus 9

AT Generali VersicherungLT

(Source CEA)N° 4 ON EACH MARKETCountry Company PremiumFR MAAF/Mut. du Mans 3,385

GB Zurich Financial Services 2,781

IT Assitalia 1,935DE R + V 1,830

CH Mobiliar 1,041

NL ASR 1,026

ES Zurich España 824SE Trygg-Hansa 620

BE KBC 617

DK Alm. Brand 354

NO Var 334IE Royal and Sun Alliance 325

PT Axa Portugal 309

FI Y-Fennia 219

TR Ak 173PL Allianz 120

SI Adriatic 78

CZ CS-Zivnostenska Pojist. 78

GR Interamerican General 71HU OTP - Garancia 66

LU Zurich Assurances 35

SK Czech Ins. Co 18

LV Parekss AK 18CY Pancyprian Ins. Ltd. 11

IS Vidlagatrygging 10

EE Leks Kindlustus 8

AT UNIQA PersonenLT



N° 5 ON EACH MARKETCountry Company PremiumFR MACIF 2,241

GB Cornhill 1,635IT Compagnia di Ass. di Milano 1,345

NL Interpolis 950

CH Basler 720

ES Winterthur 692SE AFA 531

BE AGF 367

DK Sygeforsikringen «danmark» 345

PT Allianz Portugal 266IE FBD 204

FI local Insurance Group 188

TR Ba?ak 149

NO Gard 146PL Daewoo 108

CZ IPB Pojist’ovna 73

GR Allianz General 63

HU AXA-Colonia 49SI Slovenica 36

LU La Baloise 22

SK UNIQA(Otcina) 16

LV Latgarants 15CY American Home 9

EE Salva Kindlustus 5

IS Vordur 3

AT UNIQA SachDELT

(Source CEA)TOP 13 IN EUROPECountry Company PremiumFR Groupama/GAN 6,940

DE Allianz 6,734GB CGNU 6,334

FR AXA 6,021

FR AGF 5,261

GB Royal & Sun Alliance 5,139FR MAAF/Mut. du Mans 3,385

GB AXA 2,943

DE AXA 2,848

GB Zurich Financial Services 2,781DE Gerling 2,428

IT Riunione Adriatica di Sicurita’ 2,338

FR MACIF 2,241




II-5 MARKET SHARE OF THE LARGEST LIFE INSURANCE COMPANIES


LIFE PREMIUMon national market FIRST 5 FIRST 10 FIRST 15

Country 1992 2000 1992 2000 change change change92-99 1992 2000 92-99 1992 2000 92-99

AT 2,263 5,416 51.1 50.4 -0.7 70.8 72.5 1.7 82.7 83.2 0.5

BE 2,997 12,909 54.6 72.9 18.3 68.7 90.1 21.4 78.4 94.6 16.2

CH 9,683 20,602 71.1 80.5 9.4 86.3 97.0 10.7 95.0 99.0 4.0

CY 78 382 89.8 89.4 -0.4 99.4 99.1 -0.3 100.0 100.0 0.0CZ 149 649 100.0 85.9 -14.1 0.0 94.8 94.8 0.0 99.8 99.8

DE 34,335 60,944 31.5 30.8 -0.7 46.5 46.5 0.0 57.3 58.3 1.0

DK 3,238 7,076 77.0 54.8 -22.2 93.0 72.8 -20.2 100.0 83.2 -16.8

EE 19 98.4 100.0ES 5,757 23,800 45.6 37.5 -8.1 61.2 53.6 -7.6 69.8 65.0 -4.8

FI 3,259 9,401 98.7 99.7 1.0 100.0 100.0 0.0

FR 40,258 90,326 46.4 54.4 8.0 68.2 78.1 9.9 80.3 90.8 10.5

GB 56,368 196,326 29.2 48.9 19.7 45.7 65.2 19.5 57.3 78.0 20.7GR 506 1,321 68.7 70.1 1.3 82.9 89.5 6.6 90.6 97.3 6.6

HU 121 670 98.4 83.6 -14.8 100.0 95.7 -4.3 100.0 100.0 0.0

IE 1,750 7,601 62.6 71.9 9.3 82.5 95.0 12.5 91.8 99.7 7.9

IS 5 18 100.0 100.0 0.0IT 7,229 39,784 53.9 27.2 -26.7 68.4 44.4 -24.1 77.1 57.1 -20.0

LTLU 359 6,026 0.0 54.6 54.6 0.0 74.3 74.3 0.0 87.3 87.3

LV 7 94.3 100.0MT 12 83

NL 11,396 23,003 57.5 58.7 1.2 74.9 83.4 8.5 81.5 90.4 8.9

NO 1,980 3,468 84.1 81.0 -3.1 100.0 95.3 -4.7 100.0

PL 279 2,165 100.0 93.5 -6.5 97.7 99.0PT 716 3,789 49.4 74.6 25.2 73.6 85.2 11.6 89.7 91.1 1.4

SE 4,948 12,808 70.3 74.3 4.0 91.7 96.7 5.0 97.4 99.7 2.3

SI 16 175 89.1 99.7 100.0

SK 47 258 100.0 81.7 -18.3 96.2 99.3TR 150 523 78.0 66.5 -11.6 91.0 85.4 -5.6 97.0 95.5 -1.5

Total CEA 187,900 529,550 43.8 50.7 6.8 60.8 68.6 7.8 70.2 79.1 8.8of which EU 175,378 500,531 41.6 48.9 7.3 58.9 66.9 8.1 68.8 77.9 9.1

of which Euro 110,318 283,001 45.5 47.4 1.9 63.0 66.6 3.5 72.5 76.6 4.1of which EEA 187,046 524,619 43.6 50.3 6.7 60.7 68.3 7.6 70.2 78.9 8.7

of which Others 853 4,931 94.8 87.1 -7.7 96.0 95.8 -0.2 98.7 99.0 0.3

(euro million)(%)

(Sou

rce

CEA)


II-6 MARKET SHARE OF THE LARGEST NON-LIFE INSURANCE COMPANIES


NON-LIFE PREMIUMon national market FIRST 5 FIRST 10 FIRST 15

Country 1992 2000 1992 2000 change change change92-99 1992 2000 92-99 1992 2000 92-99

AT 5,154 6,290 54.5 55.4 0.9 75.3 76.7 1.4 86.3 87.7 1.4BE 5,785 7,121 34.9 55.6 20.7 46.1 73.5 27.4 56.1 84.4 28.3

CH 7,043 10,377 61.0 61.5 0.5 79.4 83.6 4.2 88.9 91.2 2.3

CY 89 186 34.5 46.6 12.1 52.9 67.7 14.8 68.7 79.2 10.5

CZ 441 1,364 100.0 80.4 -19.6 92.2 95.5DE 52,484 73,391 23.5 27.6 4.1 36.2 39.5 3.3 46.4 49.4 3.0

DK 2,843 4,125 60.3 72.2 11.9 77.5 85.8 8.3 84.8 92.5 7.7

EE 82 85.1 100.0

ES 12,167 17,051 13.8 27.8 14.0 29.3 43.2 13.9 38.6 55.9 17.3FI 1,729 2,346 82.7 88.5 5.8 93.2 97.2 4.0 98.9 99.0 0.1

FR 30,749 41,001 40.7 53.4 12.7 59.5 69.3 9.8 73.2 81.0 7.8

GB 36,230 51,332 28.6 35.7 7.1 43.0 42.9 -0.1 50.6 48.5 -2.1

GR 544 1,252 39.3 46.8 7.5 50.9 62.6 11.7 59.1 72.6 13.5HU 465 779 94.8 89.9 -4.9 100.0 97.9 -2.1 100.0

IE 1,467 2,693 47.4 71.6 24.2 75.5 94.4 18.9 89.4 99.6 10.2

IS 163 230 88.2 99.4 11.2 100.0 100.0 0.0IT 18,982 27,875 33.8 35.1 1.3 50.9 54.7 3.8 60.1 67.2 7.1

LTLU 496 835 84.5 95.7 99.3

LV 166 59.1 89.9 99.5MT 92 65.1 82.2 88.8

NL 10,010 16,544 40.4 40.4 0.0 61.3 56.8 -4.5 71.6 65.5 -6.1

NO 2,807 4,419 81.5 95.3 97.7

PL 822 3,248 94.7 81.8 -12.9 98.7 90.2 -8.6 99.7 95.8 -3.9PT 1,752 3,275 54.7 49.5 -5.2 76.6 77.7 1.1 86.1 87.2 1.1

SE 3,788 4,536 89.0 84.9 -4.1 87.3 94.0 6.7 99.0 97.6 -1.4

SI 203 728 94.0 99.6 100.0

SK 125 363 100.0 85.6 -14.4 95.1 98.8TR 631 2,284 45.0 44.9 -0.1 67.0 70.2 3.2 79.0 82.0 3.0

Total CEA 196,969 283,985 35.4 41.6 6.2 50.5 55.5 5.0 60.3 64.8 4.5of which EU 184,179 259,667 33.0 39.6 6.6 48.3 53.2 5.0 58.3 62.7 4.4

of which Euro 140,774 198,423 32.0 38.9 6.9 48.0 54.3 6.3 58.7 64.9 6.2of which EEA 194,193 274,693 34.7 40.5 5.8 50.1 54.4 4.3 60.0 63.8 3.8

of which Others 2,776 9,292 81.6 73.1 -8.6 87.0 86.7 -0.3 89.5 92.8 3.4

(euro million)(%)

(Sou

rce

CEA)


COMMENTS

III- EMPLOYMENT IN INSURANCE COMPANIES PART A

The total number of employees in insurance com-panies has remained practically stable between1992 and 2001 at a little more than 1 million, theslight downturn noted between 1992 and 1995having been counterbalanced between 1995 and1999.

This is principally due to the creation of new jobsin the non-EU part of Europe which compensatedfor the drop in numbers noted in European Un-ion companies (- 25 000 persons approximately),with the exception of Luxembourg.

The rise in the number of employees in Luxem-bourg can largely be explained by the develop-ment of insurance business done by way of free-dom to provide services and in non-EU countries(HU, PL, SK and TR principally) by the generaldevelopment of markets.

Since 1999, numbers have remained stable inboth zones.

This stability in numbers given the rise in thenumber of insureds and the growing volume ofcontracts is due to the sharp increase in produc-tivity by companies, itself generated by the in-vestments which they are making in new tech-nologies and, in particular, in the computerisa-tion of administrative and commercial activities.


III-1 NUMBER OF EMPLOYEES

III- EMPLOYMENT IN INSURANCE COMPANIES(S

ourc

e CE

A)

Country 1992 1995 1999 2000 2001(*) 01/00(*) 01/92(*) 01/95(*)Growth rate Average

AT 31,581 30,646 27,642 28,530 29,276 2.6 -0.8 -0.8

BE 27,920 25,501 25,256 24,898 25,270 1.5 -1.1 -0.2

CH 49,069 47,273 47,859 49,366 49,000 -0.7 0.0 0.6

CY 2,000 2,300 1,444 1,607 1,650 2.7 -2.1 -5.4CZ 12,719 13,400 16,408 16,112 15,131 -6.1 1.9 2.0

DE 258,600 245,600 239,600 240,200 240,200 0.0 -0.8 -0.4

DK 13,796 12,432 13,600 13,600 13,600 0.0 -0.2 1.5

EE 700 1,687 1,669 1,623 -2.8 15.0ES 46,834 47,773 47,000 44,640 44,000 -1.4 -0.7 -1.4

FI 12,240 10,800 11,100 11,300 11,700 3.5 -0.5 1.3

FR 138,200 135,300 132,350 135,100 136,400 1.0 -0.1 0.1

GB 234,200 212,200 229,700 229,800 228,300 -0.7 -0.3 1.2GR 10,000 9,600 9,300 9,500 9,300 -2.1 -0.8 -0.5

HU 14,100 17,700 30,330 27,478 29,387 6.9 8.5 8.8

IE 10,118 10,386 11,320 11,320 11,320 0.0 1.3 1.4 (**)

IS 600 600 600 600 600 0.0 0.0 0.0IT 48,253 46,516 42,622 42,264 42,500 0.6 -1.4 -1.5

LU 1,050 1,349 1,867 2,268 2,300 1.4 9.1 9.3

LV 1,486 1,587 1,587 0.0

MT 719 820 1,232 1,106 1,056 -4.5 4.4 4.3NL 41,184 40,934 47,250 48,468 50,000 3.2 2.2 3.4

NO 11,738 11,639 11,350 9,300 9,300 0.0 -2.6 -3.7 (**)

PL 20,500 26,000 29,516 32,764 32,707 -0.2 5.3 3.9

PT 13,875 14,402 14,058 13,604 13,500 -0.8 -0.3 -1.1SE 21,671 22,057 18,631 19,085 18,000 -5.7 -2.0 -3.3

SI 3,570 4,546 4,799 5,000 4.2 5.8

SK 3,525 4,670 7,750 7,783 7,783 0.0 9.2 8.9 (**)

TR 4,660 6,261 9,973 10,302 10,003 -2.9 8.9 8.1Total CEA 1,029,152 1,000,429 1,035,477 1,039,050 1,040,493 0.1 0.0 0.6of which EU 909,522 865,496 871,296 874,577 875,666 0.1 -0.4 0.2

of which Euro 629,855 609,207 600,065 602,592 606,466 0.6 -0.4 -0.1

of which EEA 970,929 925,008 931,105 933,843 934,566 0.1 -0.4 0.2of which Others 58,223 75,421 104,372 105,207 105,927 0.7 5.9 5.6

(*) provisional(**) data 2000 in 2001

PART A

(%)


III-1 NUMBER OF EMPLOYEES

III- EMPLOYMENT IN INSURANCE COMPANIES

136,400

228,300240,200

0

10,000

20,000

30,000

40,000

50,000

60,000

DE GB FR NL CH ES IT PL HU AT BE SE CZ DK PT FI IE TR GR NO SK SI LU CY EE LV M T IS

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

1993 1994 1995 1996 1997 1998 1999 2000 2001

EU

Outside EU

-0.04

-0.02

0

0.02

0.04

0.06

0.08

0.1

1993 1994 1995 1996 1997 1998 1999 2000 2001

EU

Outside EU

Employment growth rate in and outside EU

(Sou

rce

CEA)

(Sou

rce

CEA)

(Sou

rce

CEA)

Number of insurance company employees 2000

Breakdown employment in and outside EU

PART A


III-2 STRUCTURE OF EMPLOYMENT 2000

III- EMPLOYMENT IN INSURANCE COMPANIES

Country Full-time Commercial networks1992 1996 2000 1992 1996 2000

AT 96.7 96.4 94.5 43.5 43.9 45.2BE 84.8 21.1 14.5 9.6

CH 87.7 85.8 84.0 24.0 22.1 20.5

CYCZ 30.7DE 93.0 92.0 90.4 21.9 21.5 21.0

DKEEES 66.6FIFR 20.0 18.9 14.4

GB 90.0 91.3 89.2 62.8 51.3

GRHU 81.6 62.2 77.3 59.6 67.3 77.8

IEISIT 8.6 9.8 9.4LTLULVMT 51.6NL 88.9 83.7 68.5 15.8 13.1 10.6

NO 68.2 69.1 87.1

PL 20.0 7.4

PT 97.7 97.9 98.0 18.4 22.5 20.0SESI 100.0 99.0 24.0 41.8

SK 32.4 8.5 29.5 32.4

TR 100.0 100.0 100.0Total CEA 90.9 89.7 87.1 21.9 34.6 28.6of which EU 91.8 91.5 88.2 21.0 34.6 28.2

of which Euro 93.0 91.6 87.6 21.0 24.0 18.2

of which EEA 91.0 90.6 87.9 21.2 33.9 27.7of which Others 86.1 74.0 76.5 33.6 48.4 38.9

(%)

(Sou

rce

CEA)

Country Employees per company ratio1992 1995 1999 2000

AT 427 393 359 371BE 101 100 115 120

CH 399 372 347 343

CY 48 52 35 42

CZ 669 383 391 393DE 334 321 333 331

DK 59 47 52 52

EE 32 112 119

ES 109 126 127 126FI 215 186 171 174

FR 225 237 252 256

GB 285 257 277 280

GR 62 68 82 86HU 1,085 1,264 1,444 1,249

IE 105 75 69 69

IS 23 33 46 46

IT 180 178 170 168LTLU 15 17 20 24

LV 55 63

MT 51 46NL 84 83 95 103

NO 121 124 137 113

PL 759 667 492 504

PT 173 166 160 155SE 41 44 39 40

SI 275 325 343

SK 311 287 268

TR 93 116 158 164Total CEA 191.6 186.3 192.9 195.6of which EU 182.9 176.8 181.5 184.6

of which Euro 195.0 192.4 192.3 196.7

of which EEA 186.0 180.2 185.0 187.6of which Others 385.6 319.6 312.5 315.0

PART A


COMMENTS

IV- PREMIUM OF EUROPEAN INSURERS PART A

Total direct premium

In 2001, the growth of gross direct insurance pre-mium in Europe was the lowest recorded since 1993.

This slowdown in overall growth is mainly due tothe drop in premium income noted on the Frenchmarket, penalised by the collapse of life insur-ance subscriptions.

The reduction in Cyprus and Finland can also beexplained by the drop in the life insurance mar-ket. The negative growth on the Maltese and Turk-ish markets is due to a simultaneous reduction inlife and non-life insurance whereas in Norway itis only due to the fall in the non-life market.

With the exception of Austria (where the life in-surance market has not suffered too much andwhich recorded a significant rise in non-life) andthe Czech Republic (for the opposite reasons), allEuropean countries had lower than averagegrowth in 2001, at least compared with that notedbetween 1992 and 2001.

In this gloomy context, the Czech Republic, Esto-nia, the United Kingdom, Italy, the Netherlands,Portugal and Slovenia come out better than the restwith real growth rates over 5%. For some of thesecountries, growth can be explained by the develop-ment of life activity (CZ, IT, NL, PT); for others (EE,GB, SI) by the growth in life and non-life.

The UK market continues its expansion in theEuropean total. It represented 24% of this total in1992, 28% in 1999 and is now at 32% in 2001.

For the same dates, Germany (which remains thesecond market) and France (still third) have seentheir respective shares drop from 23% to 18% then16% for the former and from 18% to 16% then15% for the latter.

Share in total premium 1992 1999 2000 2001GB 24.1 28.2 30.4 31.9DE 22.6 18.3 16.5 16.3FR 18.4 16.0 16.1 14.7Total of 3 65.1 62.5 63.0 62.9IT 6.8 8.7 8.3 8.6NL 5.6 5.0 4.9 5.1ES 4.7 4.5 5.0 4.9CH 4.3 4.2 3.8 3.9Total of 4 21.4 22.4 22.0 22.5Total of 7 86.5 84.9 85.0 85.4

Total direct life premium

Growth for the life insurance market in Europewas less than 2% (excluding inflation) in 2001whether in the European Union, the euro zone,the EEA or the other countries.

Ten markets saw premium income fall (CY, DE,ES, FI, FR, GR, HU, MT, SE, TR), principally be-cause of the fall in premiums for unit-linked con-tracts, a reduction generated by the stock-marketcrisis. This is the main cause of the poor results inthe sector as a whole.

Less concerned by this type of contract and prof-iting still from a strong demand on their market,premium income rose in four countries by morethan 10% (CZ, EE, PT, SI).

Although Italy (thanks to sales through banks),the United Kingdom (largely due to an increasein new regular premium pensions business), Aus-tria and the Netherlands (thanks to the successof pension contracts) and Poland (thanks to newlegislation on group contracts) had growth appre-ciably higher than the European average (between5% and 10%), it remained lower than that notedover the last few years.

This general situation has enabled the United King-dom to reinforce its position as the leading marketin Europe with 39 % of the total in 2001 com-pared with 34 % in 1999, ahead of France, downto 15% in 2001 compared with 17% in 1999,Germany in the same situation with 11% in 2001compared with 13% in 1999 and Italy 7.9%.

On the other hand, Spain overtook Switzerland interms of premium income since 2000, to take thesixth place on European markets in 2001; the Neth-erlands regained the fifth position it lost in 2000.

Share in life premium 1992 1999 2000 2001GB 30.0 34.1 37.1 39.1FR 21.4 16.9 17.1 15.0DE 18.3 13.3 11.5 11.2Total of 3 69.7 64.3 65.7 65.3IT 3.8 8.0 7.5 7.9NL 6.1 4.6 4.3 4.6ES 3.1 3.9 4.5 4.1CH 5.2 4.7 3.9 4.0Total of 4 18.2 21.2 20.2 20.6Total of 7 87.9 85.5 85.9 85.9


COMMENTS

IV- PREMIUM OF EUROPEAN INSURERS PART A

Total direct non-life premium

A remarkable fact: turnover for non-life insurancehas grown faster than that for life insurance in2001 for the first time since 1992.

This situation is the result of the combination ofpoor general results for the life class and the im-pact of the economic recovery on non-life insur-ance according to the usual gap between the eco-nomic cycles and those of insurance which havea delayed effect on the rises and the falls in activ-ity.

The best performances in non-life insurance areto be found in markets whose economies in 1999and 2000 had the strongest growth rates (CY, ES,GB, GR, HU, SI).

Conversely, downturns were noted in Malta (sharpdrop in marine insurance) and Turkey (precari-ous economic situation). The figures for Norwayshould – on the other hand - be considered withcare because of the probable inadequacy of esti-mates given for 2001.

The respective share of the main markets in thetotal fluctuates much less than in life insurance,Germany remaining by far the leading market(26%), the United Kingdom second (19%), Francethird (14%) and Italy fourth (10%).

Share in non-life premium 1992 1999 2000 2001DE 26.6 26.6 25.8 25.7GB 18.4 18.5 18.1 18.7FR 15.6 14.6 14.4 14.2Total of 3 60.6 59.7 58.3 58.6IT 9.6 9.7 9.8 9.8ES 6.2 5.6 6.0 6.4NL 5.1 5.7 5.8 5.9CH 3.6 3.5 3.7 3.6Total of 4 24.5 24.5 25.3 25.7Total of 7 85.1 84.2 83.6 84.3

Despite the performances noted in 2001 for non-life insurance, contrary to the usual situation since1992, life insurance still represents more than 65%of the global European market. In six countries itstill represents more than 2/3rds of the whole (CH,FI, GB, IE, LU and SE) and in nine others it isbetween 1/2 and 2/3rds of each market (BE, CY,DK, ES, FR, IT NL, NO and PT).

The ageing of populations and their fears aboutstate pension schemes are the main reasons forthis situation:

markets where the percentage of life insuranceis highest are also those where pension funds,managed by insurers, are the most highly devel-oped (with the exception of Luxembourg how-ever which owes its situation to its status as a ref-uge market).

countries where the life class share in the totalis the lowest are also those where the purchasingpower of the population is the weakest (EE, LV,SI, TR).

Iceland is an exception because of the particu-lar features of its legislation.


73,530

125,862

139,334

272,537

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

GB DE FR IT NL ES CH BE SE AT DK FI IE PT NO LU PL GR CZ TR HU SI SK CY IS LV MT EE

IV.1 TOTAL DIRECT PREMIUM INCOME

IV- PREMIUM OF EUROPEAN INSURERS(S

ourc

e CE

A)

Country 1992 1995 1999 2000 2001(*)AT 7,416 9,803 10,960 11,706 12,479

BE 8,782 11,371 16,936 20,031 20,879CH 16,726 24,740 30,182 30,979 33,097

CY 167 244 763 568 453

CZ 590 965 1,824 2,013 2,463

DE 86,819 119,895 130,319 134,335 139,334DK 6,081 7,875 10,313 11,200 11,830

EE 0 36 83 102 114

ES 17,924 22,080 32,327 40,851 42,071

FI 4,987 7,041 10,390 11,748 11,741FR 71,006 103,082 114,023 131,327 125,862

GB 92,598 91,306 201,163 247,658 272,537

GR 1,050 1,419 2,411 2,573 2,674

HU 586 636 1,124 1,449 1,693IE 3,217 3,661 8,491 10,294 10,294 (**)

IS 169 158 218 248 248 (**)

IT 26,211 30,163 61,843 67,659 73,530

LT 118LU 855 3,377 5,777 6,862 7,311

LV 178 172 172 (**)

MT 55 80 146 175 172

NL 21,406 27,264 35,803 39,546 43,508NO 4,787 5,149 7,092 7,886 7,548

PL 1,101 1,627 4,849 5,413 6,335

PT 2,468 3,975 6,687 7,065 8,045

SE 8,737 9,115 15,549 17,343 16,657SI 219 619 808 903 1,028

SK 172 270 551 621 621 (**)

TR 781 788 1,653 2,807 1,962

Total CEA 384,911 486,738 712,579 813,535 854,659of which EU 359,558 451,426 662,990 760,198 798,753

of which Euro 251,093 341,711 433,554 481,423 495,056

of which EEA 381,239 481,474 700,482 799,311 839,646

of which Others 3,671 5,264 12,097 14,223 15,013


(Sou

rce

CEA)

Total direct premium income 2001

(euro million)

PART A



IV- PREMIUM OF EUROPEAN INSURERS

(Sou

rce

CEA)

Non-inflation-adjusted (%) Inflation-adjusted (%)Country 01/00 (*) 01/92 (*) 01/95 (*) 01/00 (*) 01/92 (*) 01/95 (*)

Growth rate Average Growth rate AverageAT 6.6 5.9 4.8 4.7 3.9 3.3BE 4.2 10.1 11.4 2.1 7.9 9.5CH 3.8 5.9 4.6 3.4 4.7 3.9CY -19.9 11.5 10.1 -23.1 7.5 6.4CZ 12.2 16.1 15.3 7.6 7.0 8.4DE 3.7 5.3 3.2 2.0 3.4 1.7DK 5.3 7.4 7.4 3.3 5.2 5.0EE 12.1 22.1 7.6 11.9ES 3.0 12.0 12.1 0.3 8.5 9.3FI -0.1 9.3 9.6 -1.6 7.9 7.9FR -4.2 6.3 3.7 -5.3 4.8 2.4GB 7.4 9.6 13.6 6.5 7.2 11.0GR 3.9 14.4 12.8 1.5 7.0 8.0HU 8.3 24.1 23.6 1.1 6.3 8.7IEISIT 8.7 13.6 14.6 6.1 10.2 11.9LTLU 6.6 26.9 14.5 4.4 24.2 12.7LVMT -3.7 12.1 11.0 -6.1 8.5 8.0NL 10.0 8.2 8.9 5.6 5.6 6.2NO -7.7 5.1 5.8 -9.3 3.0 3.5PL 7.0 30.1 26.6 3.3 10.4 13.9PT 13.9 15.8 12.8 9.6 12.1 9.6SE 2.5 8.8 12.0 0.0 6.9 10.8SI 16.6 23.8 14.0 9.1 11.1 5.6SKTR 42.3 88.8 84.5 -15.0 5.7 6.9Total CEA 5.1 9.3 9.8 2.6 6.2 6.6of which EU 5.1 9.3 10.0 2.6 6.2 6.7of which Euro 2.8 7.8 6.4 0.8 5.7 4.7of which EEA 5.0 9.2 9.7 2.6 6.1 6.5of which Others 5.6 16.7 18.6 2.5 8.8 10.4

01/00 01/92 01/95

-30.0%

-20.0%

-10.0%

0.0%

10.0%

20.0%

30.0%

PT SI CZ EE GB IT NL AT LU CH PL DK CEA BE DE GR HU ES SE FI FR MT NO TR CY

Average annual growth (inflation-adjusted)

Growth rate (*) provisional

PART A

(Sou

rce

CEA)




ourc

e CE

A)

(*) provisional

(Source CEA)

Share of each country in the total

Share of each country in the total premium2001

GB

31.9%

DE

16.3%

FR

14.7%

IT

8.6%

NL 5.1%

ES4.9%

CH

3.9%

BE

2.4%

SE

1.9%

Other EU

7.5%

Others

2.6%

(%)

Country 1992 1995 1999 2000 2001(*)AT 1.9 2.0 1.5 1.4 1.5

BE 2.3 2.3 2.4 2.5 2.4

CH 4.3 5.1 4.2 3.8 3.9

CY 0.0 0.1 0.1 0.1 0.1CZ 0.2 0.2 0.3 0.2 0.3

DE 22.6 24.6 18.3 16.5 16.3

DK 1.6 1.6 1.4 1.4 1.4

EE 0.01 0.01 0.01 0.01ES 4.7 4.5 4.5 5.0 4.9

FI 1.3 1.4 1.5 1.4 1.4

FR 18.4 21.2 16.0 16.1 14.7

GB 24.1 18.8 28.2 30.4 31.9GR 0.3 0.3 0.3 0.3 0.3

HU 0.2 0.1 0.2 0.2 0.2

IE 0.8 0.8 1.2 1.3 1.2

IS 0.04 0.03 0.03 0.03 0.03IT 6.8 6.2 8.7 8.3 8.6

LT 0.02

LU 0.2 0.7 0.8 0.8 0.9

LV 0.03 0.02 0.02MT 0.01 0.02 0.02 0.02 0.02

NL 5.6 5.6 5.0 4.9 5.1

NO 1.2 1.1 1.0 1.0 0.9

PL 0.3 0.3 0.7 0.7 0.7PT 0.6 0.8 0.9 0.9 0.9

SE 2.3 1.9 2.2 2.1 1.9

SI 0.1 0.1 0.1 0.1 0.1

SK 0.04 0.1 0.1 0.1 0.1TR 0.2 0.2 0.2 0.3 0.2

Total CEA 100 100 100 100 100of which EU 93.4 92.7 93.0 93.5 93.5

of which Euro 65.2 70.2 60.8 59.2 57.9of which EEA 99.0 98.9 98.3 98.3 98.3

of which Others 1.0 1.1 1.7 1.7 1.7

PART A


215,992

83,100

61,858

43,915

0

5,000

10,000

15,000

20,000

25,000

30,000

GB FR DE IT NL ES CH BE SE FI IE DK LU AT PT NO PL GR CZ HU TR SK CY SI MT EE IS LV

IV.2 TOTAL DIRECT LIFE PREMIUM INCOME


(Sou

rce

CEA)

Country 1992 1995 1999 2000 2001(*)AT 2,263 3,509 4,835 5,416 5,876BE 2,997 4,698 10,025 12,909 13,555CH 9,683 15,884 20,709 20,602 22,110CY 78 124 592 382 248CZ 149 264 576 649 882DE 34,335 46,918 58,749 60,944 61,858DK 3,238 4,447 6,384 7,076 7,528EE 3 14 19 23ES 5,757 8,635 17,304 23,800 22,838FI 3,259 5,180 8,150 9,401 9,236FR 40,258 64,981 74,669 90,326 83,100GB 56,368 54,586 151,219 196,326 215,992GR 506 698 1,340 1,321 1,282HU 121 193 453 670 699IE 1,750 2,064 6,086 7,601 7,601 (**)IS 5 6 13 18 18 (**)IT 7,229 11,152 35,597 39,784 43,915LT 21LU 359 2,781 5,062 6,026 6,445LV 13 7 7 (**)MT 12 20 59 83 81NL 11,396 14,283 20,414 23,003 25,571NO 1,980 2,272 3,338 3,468 4,020PL 279 556 1,792 2,165 2,585PT 716 1,729 3,757 3,789 4,549SE 4,948 4,855 11,263 12,808 12,108SI 16 92 146 175 216SK 47 66 198 258 258 (**)TR 150 102 296 523 367Total CEA 187,900 250,098 443,075 529,550 552,968of which EU 175,378 230,516 414,856 500,531 521,455of which Euro 110,318 165,930 244,649 283,001 284,544of which EEA 187,046 248,679 438,916 524,619 547,603of which Others 853 1,419 4,160 4,931 5,365

(Sou

rce

CEA)


(euro million)

Total direct life premium income 2001

PART A


01/00 01/92 01/95

-50.0

-40.0

-30.0

-20.0

-10.0

0.0

10.0

20.0

30.0

40.0

CZ SI PT EE NO IT NL AT GB PL DK CH BE CEA DE SE FI GR ES MT FR HU TR CY



(Sou

rce

CEA)




Growth rate Average Growth rate AverageAT 8.5 11.1 9.6 6.6 9.0 8.1BE 5.0 18.2 20.1 2.8 15.9 18.1CH 4.2 7.6 5.3 3.9 6.4 4.6CY -34.8 13.4 11.5 -37.4 9.4 7.8CZ 24.6 20.7 20.6 19.4 11.2 13.4DE 1.5 6.7 5.4 -0.2 4.8 3.9DK 6.0 9.6 9.5 4.0 7.3 7.1EE 17.1 42.4 12.4 30.5ES -4.0 18.7 18.4 -6.6 15.0 15.4FI -1.8 11.5 10.8 -3.3 10.2 9.1FR -8.0 8.1 4.5 -9.1 6.6 3.2GB 7.4 12.8 19.1 6.4 10.4 16.3GR -2.9 14.3 12.3 -5.2 7.0 7.5HU -3.3 34.0 30.2 -9.7 14.8 14.5IEISIT 10.4 23.7 24.1 7.8 20.1 21.2LTLULVMT -4.3 21.5 22.9 -6.6 17.7 19.5NL 11.2 9.4 11.0 6.7 6.7 8.3NO 11.8 8.1 9.2 9.8 5.9 6.8PL 9.2 37.1 30.4 5.4 16.5 17.4PT 20.0 24.7 17.8 15.5 20.7 14.5SE 0.9 11.8 17.9 -1.5 9.9 16.7SI 26.3 38.9 20.8 18.2 24.6 11.9SKTR 42.9 88.2 96.2 -14.6 5.3 13.7Total CEA 4.4 12.7 14.1 1.8 9.3 10.5of which EU 4.2 12.9 14.6 1.7 9.5 10.9of which Euro 0.5 11.1 9.4 -1.5 8.8 7.7of which EEA 4.4 12.7 14.1 1.8 9.3 10.5of which Others 8.8 22.6 24.8 1.1 14.4 15.0

PART A




ourc

e CE

A)

(*) provisional

(Source CEA)


Share of each country in the total life premium2001

GB

39.1%

FR

15.0%

DE

11.2%

IT7.9%

NL 4.6%

ES 4.1%

CH4.0%

BE

2.5%

SE

2.2%7.7%

Other EU

Others

1.7%

(%)

Country 1992 1995 1999 2000 2001(*)AT 1.2 1.4 1.1 1.0 1.1

BE 1.6 1.9 2.3 2.4 2.5

CH 5.2 6.4 4.7 3.9 4.0CY 0.04 0.05 0.13 0.07 0.04

CZ 0.1 0.1 0.1 0.1 0.2

DE 18.3 18.8 13.3 11.5 11.2

DK 1.7 1.8 1.4 1.3 1.4EE 0.001 0.003 0.004 0.004

ES 3.1 3.5 3.9 4.5 4.1

FI 1.7 2.1 1.8 1.8 1.7

FR 21.4 26.0 16.9 17.1 15.0GB 30.0 21.8 34.1 37.1 39.1

GR 0.3 0.3 0.3 0.2 0.2

HU 0.1 0.1 0.1 0.1 0.1

IE 0.9 0.8 1.4 1.4 1.4IS 0.003 0.003 0.003 0.003 0.003

IT 3.8 4.5 8.0 7.5 7.9

LT 0.005

LU 0.2 1.1 1.1 1.1 1.2LV 0.003 0.001 0.001

MT 0.01 0.01 0.01 0.02 0.01

NL 6.1 5.7 4.6 4.3 4.6

NO 1.1 0.9 0.8 0.7 0.7PL 0.1 0.2 0.4 0.4 0.5

PT 0.4 0.7 0.8 0.7 0.8

SE 2.6 1.9 2.5 2.4 2.2

SI 0.01 0.04 0.03 0.03 0.04SK 0.02 0.03 0.04 0.05 0.05

TR 0.1 0.0 0.1 0.1 0.1

Total CEA 100 100 100 100 100of which EU 93.3 92.2 93.6 94.5 94.3of which Euro 58.7 66.3 55.2 53.5 51.5

of which EEA 99.5 99.4 99.1 99.1 99.0

of which Others 0.5 0.6 0.9 0.9 1.0

PART A


IV.3 TOTAL DIRECT NON-LIFE PREMIUM INCOME


ourc

e CE

A)

Country 1992 1995 1999 2000 2001(*)AT 5,154 6,293 6,125 6,290 6,603BE 5,785 6,673 6,912 7,121 7,324CH 7,043 8,855 9,473 10,377 10,988CY 89 121 171 186 205CZ 441 701 1,248 1,364 1,581DE 52,484 72,977 71,569 73,391 77,476DK 2,843 3,429 3,929 4,125 4,302EE 33 70 82 91ES 12,167 13,446 15,023 17,051 19,232FI 1,729 1,861 2,239 2,346 2,505FR 30,749 38,100 39,354 41,001 42,762GB 36,230 36,720 49,944 51,332 56,545GR 544 721 1,070 1,252 1,391HU 465 444 671 779 994IE 1,467 1,598 2,405 2,693 2,693 (**)IS 163 152 206 230 230 (**)IT 18,982 19,011 26,246 27,875 29,615LT 96LU 496 596 715 835 866LV 166 166 166 (**)MT 42 59 87 92 91NL 10,010 12,980 15,389 16,544 17,938NO 2,807 2,877 3,754 4,419 3,528PL 822 1,071 3,057 3,248 3,750PT 1,752 2,246 2,929 3,275 3,496SE 3,788 4,259 4,286 4,536 4,549SI 203 527 662 728 812SK 125 204 353 363 363 (**)TR 631 686 1,357 2,284 1,595Total CEA 197,011 236,640 269,504 283,985 301,692of which EU 184,179 220,910 248,134 259,667 277,298of which Euro 140,774 175,781 188,905 198,423 210,511of which EEA 194,193 232,795 261,567 274,693 292,043of which Others 2,818 3,845 7,937 9,292 9,648


(euro million)

56,545

42,762

77,476

0

5,000

10,000

15,000

20,000

25,000

30,000

DE GB FR IT ES NL CH BE AT SE DK PL NO PT IE FI TR CZ GR HU LU SI SK IS CY LV EE MT

(Sou

rce

CEA)

Total direct non-life premium income 2001

PART A




(Sou

rce

CEA)


01/00 01/92 01/95

-30.0

-25.0

-20.0

-15.0

-10.0

-5.0

0.0

5.0

10.0

15.0

HU ES GR SI GB EE CY FI SE NL CEA DE IT AT FR PT CH DK CZ PL LU BE MT TR NO



Growth rate Average Growth rate AverageAT 5.0 2.7 1.4 3.1 0.8 0.0BE 2.8 2.6 2.3 0.7 0.6 0.5CH 2.8 3.1 3.3 2.5 2.0 2.6CY 10.7 9.5 8.5 6.3 5.6 4.9CZ 6.4 14.2 12.9 2.0 5.2 6.2DE 5.6 4.4 1.6 3.8 2.5 0.2DK 3.9 4.4 4.2 2.0 2.3 1.9EE 10.9 19.3 6.4 9.3ES 12.8 7.2 6.9 9.8 3.9 4.2FI 6.8 3.5 5.7 5.1 2.3 4.1FR 4.3 3.5 2.2 3.1 2.0 1.0GB 7.5 2.1 1.7 6.6 -0.1 -0.6GR 11.1 14.4 13.2 8.5 7.1 8.4HU 18.3 20.0 20.1 10.5 2.8 5.7IEISIT 6.2 6.4 6.4 3.8 3.2 3.8LTLU 3.7 6.4 7.2 1.6 4.1 5.4LVMT -3.2 7.5 4.8 -5.6 4.1 2.0NL 8.4 6.7 6.3 4.1 4.1 3.7NO -23.0 2.5 2.7 -24.3 0.4 0.5PL 5.6 26.7 24.4 1.9 7.6 11.9PT 6.7 9.6 8.0 2.7 6.1 5.0SE 7.1 3.3 2.4 4.5 1.5 1.4SI 14.3 21.7 12.6 6.9 9.1 4.3SKTR 42.1 88.9 82.4 -15.1 5.7 5.7Total CEA 6.2 4.8 -7.7 3.9 2.1 1.3of which EU 6.8 4.7 3.9 4.5 2.0 1.1of which Euro 6.1 4.6 3.1 4.0 2.6 1.6of which EEA 6.3 4.6 3.9 4.0 2.0 1.2of which Others 3.8 14.3 16.2 3.1 6.4 8.1

PART A

(Sou

rce

CEA)




ourc

e CE

A)

(*) provisional

(Source CEA)


Share of each country in the total non-lifepremium 2001

DE

25.7%

GB

18.7%

IT

9.8%

ES 6.4%

NL 5.9%

CH3.6%

BE

2.4%

AT

2.2%

FR

14.2%

Other EU

6.6%

Others

4.4%

(%)

Country 1992 1995 1999 2000 2001(*)AT 2.6 2.7 2.3 2.2 2.2BE 2.9 2.8 2.6 2.5 2.4

CH 3.6 3.7 3.5 3.7 3.6

CY 0.04 0.1 0.1 0.1 0.1

CZ 0.2 0.3 0.5 0.5 0.5DE 26.6 30.8 26.6 25.8 25.7

DK 1.4 1.4 1.5 1.5 1.4

EE 0.01 0.03 0.03 0.03

ES 6.2 5.7 5.6 6.0 6.4FI 0.9 0.8 0.8 0.8 0.8

FR 15.6 16.1 14.6 14.4 14.2

GB 18.4 15.5 18.5 18.1 18.7

GR 0.3 0.3 0.4 0.4 0.5HU 0.2 0.2 0.2 0.3 0.3

IE 0.7 0.7 0.9 0.9 0.9

IS 0.1 0.1 0.1 0.1 0.1

IT 9.6 8.0 9.7 9.8 9.8LT 0.04

LU 0.3 0.3 0.3 0.3 0.3

LV 0.1 0.1 0.1MT 0.02 0.03 0.03 0.03 0.03

NL 5.1 5.5 5.7 5.8 5.9

NO 1.4 1.2 1.4 1.6 1.2

PL 0.4 0.5 1.1 1.1 1.2PT 0.9 0.9 1.1 1.2 1.2

SE 1.9 1.8 1.6 1.6 1.5

SI 0.1 0.2 0.2 0.3 0.3

SK 0.1 0.1 0.1 0.1 0.1TR 0.3 0.3 0.5 0.8 0.5



of which Others 1.4 1.6 2.9 3.2 3.2

PART A


Life

Non-life

88.279.3 78.7

73.8 72.766.8 66.0 64.9 64.7 63.6 59.7 58.8 56.5 54.8 54.3 53.3

48.0 47.1 47.0 44.4 41.5 41.3 40.835.8

21.0 19.9 18.7

7.2 3.9

11.820.7 21.3

26.2 27.333.2 34.0 35.1 35.3 36.4 40.3 41.2 43.5 45.2 45.7 46.7

52.0 52.9 53.0 55.6 58.5 58.7 59.264.2

79.0 80.1 81.3

92.8 96.1

0%

20%

40%

60%

80%

100%

LU GB FI IE SE CH FR BE CEA DK IT NL PT CY ES NO GR AT MT DE SK HU PL CZ SI EE TR IS LV

IV.4 PERCENTAGE SHARE OF LIFE AND NON- LIFE PREMIUM


ourc

e CE

A)

(Sou

rce

CEA)

Share life and non-life premium 2001

(*) provisional

(%)Country 1992 1995 1999 2000 2001(*)Country Life Non-life Life Non-life Life Non-life Life Non-life Life Non-lifeAT 30.5 69.5 35.8 64.2 44.1 55.9 46.3 53.7 47.1 52.9BE 34.1 65.9 41.3 58.7 59.2 40.8 64.4 35.6 64.9 35.1CH 57.9 42.1 64.2 35.8 68.6 31.4 66.5 33.5 66.8 33.2CY 46.9 53.1 50.6 49.4 77.6 22.4 67.3 32.7 54.8 45.2CZ 25.3 74.7 27.3 72.7 31.6 68.4 32.3 67.7 35.8 64.2DE 39.5 60.5 39.1 60.9 45.1 54.9 45.4 54.6 44.4 55.6DK 53.2 46.8 56.5 43.5 61.9 38.1 63.2 36.8 63.6 36.4EE 7.9 92.1 16.6 83.4 19.1 80.9 19.9 80.1ES 32.1 67.9 39.1 60.9 53.5 46.5 58.3 41.7 54.3 45.7FI 65.3 34.7 73.6 26.4 78.4 21.6 80.0 20.0 78.7 21.3FR 56.7 43.3 63.0 37.0 65.5 34.5 68.8 31.2 66.0 34.0GB 60.9 39.1 59.8 40.2 75.2 24.8 79.3 20.7 79.3 20.7GR 48.2 51.8 49.2 50.8 55.6 44.4 51.3 48.7 48.0 52.0HU 20.7 79.3 30.3 69.7 40.3 59.7 46.2 53.8 41.3 58.7IE 54.4 45.6 56.4 43.6 71.7 28.3 73.8 26.2 73.8 26.2IS 3.2 96.8 4.0 96.0 5.8 94.2 7.2 92.8 7.2 92.8IT 27.6 72.4 37.0 63.0 57.6 42.4 58.8 41.2 59.7 40.3LT 18.2 81.8LU 42.0 58.0 82.4 17.6 87.6 12.4 87.8 12.2 88.2 11.8LV 7.1 92.9 3.9 96.1 3.9 96.1MT 22.7 77.3 25.5 74.5 40.4 59.6 47.3 52.7 47.0 53.0NL 53.2 46.8 52.4 47.6 57.0 43.0 58.2 41.8 58.8 41.2NO 41.4 58.6 44.1 55.9 47.1 52.9 44.0 56.0 53.3 46.7PL 25.3 74.7 34.2 65.8 37.0 63.0 40.0 60.0 40.8 59.2PT 29.0 71.0 43.5 56.5 56.2 43.8 53.6 46.4 56.5 43.5SE 56.6 43.4 53.3 46.7 72.4 27.6 73.8 26.2 72.7 27.3SI 7.5 92.5 14.8 85.2 18.0 82.0 19.4 80.6 21.0 79.0SK 27.1 72.9 24.5 75.5 36.0 64.0 41.5 58.5 41.5 58.5TR 19.2 80.8 13.0 87.0 17.9 82.1 18.6 81.4 18.7 81.3Total CEA 48.8 51.2 51.4 48.6 62.2 37.8 65.1 34.9 64.7 35.3of which EU 48.8 51.2 51.1 48.9 62.6 37.4 65.8 34.2 65.3 34.7of which Euro 43.9 56.1 48.6 51.4 56.4 43.6 58.8 41.2 57.5 42.5of which EEA 49.1 50.9 51.6 48.4 62.7 37.3 65.6 34.4 65.2 34.8of which Others 23.2 76.8 26.9 73.1 34.4 65.6 34.7 65.3 35.7 64.3

PART A


COMMENTS

V- INVESTMENTS PART A

Total investments

Investments by insurance companies mainly cor-respond to funds which guarantee insureds thepayment of their claims, benefits or annuities.

The total of these investments is not only there-fore the reflection of the amount of premium in-come but it also depends on the duration of con-tracts taken out, the amount of sums insured andthe level of technical reserves required on eachmarket.

The size and the development of markets meas-ured on a total premium and those measured ona total investment basis are not necessarily there-fore in a simple and direct relationship.

Premium income InvestmentsGB 31.9 31.8DE 16.3 18.6FR 14.7 17.4Total of the 3 62.9 67.8IT 8.6 5.5NL 5.1 5.1CH 3.9 4.6SE 1.9 4.2Total of the 4 19.5 19.4Total of the 7 82.4 87.3

Following the two-figure growth rate between1995 and 1999, total investments for direct in-surance companies since 2000 have slowed downappreciably to stagnate practically in 2001.

This situation is the result of the collapse of stock-markets on the one hand and the slowdown inlife activity on the other.

On the seven markets which recorded a drop intotal investments in 2001 (CH, CY, FI, GB, HU,NL, SE), all declared life insurance investmentsto be in negative growth whereas two of them (FIand HU) noted a rise in their non-life investments.

Three markets (AT, EE, TR) recorded investmentgrowth in 2001 higher than the 1992-2001 aver-age because of the weak exposure of investmentsto stock-market fluctuations for the latter and thestrong rise in investments in the life class for thetwo others.

Although the share of the three leading marketsremained stable in the European total (68% ap-

proximately), the share of the United Kingdom(leading market) grew by 1%, to the detriment ofGermany (second market) whereas that for Franceremained stable, as in percentage terms. Italy,thanks to the good performance of its life market,is now in fourth position taking over from theNetherlands, penalised by the downturn in lifeand non-life.

Breakdown of investments per type

The breakdown of types of investment is the re-flection of the categories of contracts taken outand the prudential rules which prevail on eachmarket. The rise in investments in shares, linkedin particular to the success of unit-linked con-tracts, means this type of investment leads thecategories of investments with 37% of the total in2001 compared with 23% in 1992.

The proportion of guaranteed income investmentsslumped in the total following regular growthbetween 1992 and 1996 when they represented40% of the total and in 2000 now only represent35%. They were victims of the competition be-tween share investments for which insureds ex-pect better returns, fewer issues of governmentloans and the lowering of interest rates.

Property investments consistently followed adownwards curve for 1992 to 1999 but have nowstabilised at their 2000 level, around 5%.

1992 1994 1996 1998 2000Land and buildings 9.0 8.0 6.5 5.3 5.0Participating interests 2.5 2.7 3.3 3.6 3.8Shares 23.4 25.3 27.6 32.1 37.1Debt securities 36.2 37.3 40.0 39.0 35.0Loans 22.6 21.3 17.3 14.1 12.1Deposits 2.1 1.7 1.5 1.5 1.0Others 4.1 3.7 3.8 4.4 5.9

Breakdown of investments by origin

Investments in the life class represent – by far -the main part of the global total.

This is due in part to savings which prevail in lifecontracts and pension funds set up vis-à-vis lifeinsurers.

This share grew regularly between 1992 and 2000


COMMENTS

V- INVESTMENTS PART A

to stabilise in 2001. The ageing of the populationin numerous countries and the growing demandfor savings and pension products should how-ever lead to an upturn in this growth in futureyears.

Investments in the life class

The slightly negative global growth in 2001 (-0.1%) corresponds to the sharp fall noted on cer-tain markets (CH, CY, FI, GB, HU, NL, SE). It is acombination of two principal phenomena:

fall in the value of shares on stock-markets incountries in which unit-linked contracts are in themajority (CY, FI, GB, NL, SE);

fewer new contracts subscribed compared withcontracts arriving at maturity (CH, CY, HU).

With the exception of Austria (affected by thesuccess of pension business), Estonia and Turkey,all the other countries declared lower growth for2001 than the average growth noted since 1992.Eight of them (AT, EE, ES, IT, PL, PT, SI, TR) how-ever saw growth in life investments which hasbeen more than 10% in real terms, their marketbeing less exposed to stock-market variations orhaving benefited from a sharp rise in premiumincome.

Ratio of investments to premium

Life class

The “investments to premium” ratio in life insur-ance is a good indicator of the duration of con-tracts and the amount of sums insured eventhough national legislation concerning the levelof technical provisions may increase the amountof sums thus invested.

Having regularly risen in Europe between 1992and 1999 from 7.4 to 8.7, this ratio fell to 7.6 in2001, principally because of the fall in stock-markets.

For three Nordic countries (DK, NO, SE), the ra-tio is however over 10 because of the particularimportance of pension funds which represent themain share of life activity and are an importantsource of provisions.

Non-life class

Non-life risks are generally of a much shorterduration than life risks and the ratio of investmentsto premiums is – consequently – lower than inlife.

Those countries with the highest non-life ratio(CH, DE, FI, NO, SE) owe this to the high level ofinsurance involving long-tail non-life risks suchas indemnity insurance/accidents at work, long-term care or TP liability.


V.1 TOTAL INVESTMENTS

V- INVESTMENTS(S

ourc

e CE

A)

Country 1992 1995 1999 2000 2001(*)AT 24,140 35,964 46,290 48,792 54,447BE 42,335 54,641 96,273 102,327 107,443CH 113,196 161,725 235,478 244,275 232,558CY 349 573 907 1,828 1,519CZ 2,062 3,611 4,039 4,039 (**)DE 425,988 592,650 816,032 871,166 951,003DK 60,788 82,010 129,733 137,145 140,483EE 0 26 76 98 133ES 24,653 43,720 73,990 80,896 91,955FI 22,009 34,873 73,073 75,465 68,957FR 257,849 440,020 786,894 856,474 888,168GB 547,288 669,631 1,609,565 1,637,352 1,620,690GR 1,304 2,166 4,578 4,943 5,153HU 608 926 1,850 2,363 2,710IE 16,246 21,065 42,210 46,145 46,145 (**)ISIT 74,678 97,621 204,877 243,236 281,454LT 170LU 5,903 20,802 23,969 25,558LV 28 133 143 143 (**)MTNL 110,896 161,092 252,442 259,921 261,786NO 30,391 36,929 57,769 57,800 61,676PL 361 1,185 6,290 8,472 12,110PT 4,339 9,011 20,211 22,423 26,237SE 73,543 97,813 209,085 222,072 212,683SI 415 1,070 1,307 1,554SK 646 890 976 976 (**)TR 430 607 2,188 3,161 3,331Total CEA 1,831,390 2,553,298 4,696,488 4,956,788 5,102,910of which EU 1,686,055 2,348,178 4,386,055 4,632,326 4,782,161of which Euro 1,003,132 1,496,558 2,433,094 2,630,814 2,803,152of which EEA 1,829,641 2,546,832 4,679,303 4,934,402 5,076,395of which Others 1,748 6,467 17,185 22,387 26,515

(euro million)

888,168

951,003

1,620,690

0

50,000

100,000

150,000

200,000

250,000

300,000

GB DE FR IT NL CH SE DK BE ES FI NO AT IE PT LU PL GR CZ TR HU SI CY SK LV EE

(Sou

rce

CEA)

Total investments 2001


PART A



V- INVESTMENTS

(Sou

rce

CEA)


01/00 01/92 01/95

-30.0

-20.0

-10.0

0.0

10.0

20.0

30.0

40.0

EE TR PL SI IT PT ES AT DE LU BE FR GR NO CEA DK SE HU NL GB CH FI CY



Growth rate Average Growth rate AverageAT 11.6 9.4 7.8 9.6 7.3 6.3BE 5.0 10.9 12.7 2.8 8.7 10.8CH -7.5 6.3 5.8 -7.8 5.2 5.1CY -16.6 17.5 16.8 -19.9 13.3 12.9CZDE 9.2 9.3 8.9 7.3 7.3 7.4DK 2.1 9.5 9.8 0.2 7.2 7.3EE 35.7 32.1 30.3 21.0ES 13.7 17.9 14.0 10.7 14.3 11.1FI -8.6 12.8 12.7 -10.1 11.4 11.0FR 3.7 14.5 12.7 2.5 12.8 11.4GB -3.4 9.6 9.7 -4.2 7.3 7.2GR 4.2 20.1 17.2 1.8 12.4 12.3HU 6.3 30.2 25.6 -0.7 11.6 10.5IEISIT 15.7 17.3 17.9 13.0 13.9 15.1LTLU 6.6 28.6 4.4 26.5LVMTNL 0.7 10.0 9.2 -3.3 7.3 6.5NO 2.9 8.1 8.1 1.1 5.9 5.8PL 30.7 58.2 48.7 26.2 34.3 33.8PT 17.0 24.0 19.8 12.6 20.1 16.5SE 2.3 13.9 15.3 -0.2 11.9 14.1SI 21.8 30.5 13.9 20.9SKTR 114.5 114.0 110.5 28.2 19.7 21.9Total CEA 2.9 12.0 12.2 0.7 8.7 8.7of which EU 3.2 12.2 12.6 1.2 9.0 8.9of which Euro 6.6 12.0 11.0 4.6 9.9 9.7of which EEA 2.9 11.9 12.2 0.7 8.7 8.6of which Others 18.4 30.9 26.5 13.2 23.6 24.0

PART A

(Sou

rce

CEA)



V- INVESTMENTS(S

ourc

e CE

A)

(*) provisional

(Source CEA)


Share of each country in investments 2001

GB

31.8%

DE

18.6%

FR

17.4%

IT5.5%

NL 5.1%

CH4.6%

SE

4.2%

DK

2.8%

BE

2.1%

Others1.7%

Other EU

6.2%

(%)

Country 1992 1995 1999 2000 2001(*)AT 1.3 1.4 1.0 1.0 1.1BE 2.3 2.1 2.0 2.1 2.1

CH 6.2 6.3 5.0 4.9 4.6

CY 0.02 0.02 0.02 0.04 0.03

CZ 0.0 0.1 0.1 0.1 0.1DE 23.3 23.2 17.4 17.6 18.6

DK 3.3 3.2 2.8 2.8 2.8

EE 0.001 0.002 0.002 0.003

ES 1.3 1.7 1.6 1.6 1.8FI 1.2 1.4 1.6 1.5 1.4

FR 14.1 17.2 16.8 17.3 17.4

GB 29.9 26.2 34.3 33.0 31.8

GR 0.1 0.1 0.1 0.1 0.1HU 0.03 0.04 0.04 0.05 0.05

IE 0.9 0.8 0.9 0.9 0.9

ISIT 4.1 3.8 4.4 4.9 5.5LTLU 0.0 0.2 0.4 0.5 0.5

LV 0.001 0.003 0.003 0.003

MTNL 6.1 6.3 5.4 5.2 5.1

NO 1.7 1.4 1.2 1.2 1.2

PL 0.0 0.0 0.1 0.2 0.2

PT 0.2 0.4 0.4 0.5 0.5SE 4.0 3.8 4.5 4.5 4.2

SI 0.02 0.02 0.03 0.03

SK 0.03 0.02 0.02 0.02

TR 0.02 0.02 0.05 0.06 0.07Total CEA 100 100 100 100 100of which EU 92.1 92.0 93.4 93.5 93.7

of which Euro 54.8 58.6 51.8 53.1 54.9

of which EEA 99.9 99.7 99.6 99.5 99.5of which Others 0.1 0.3 0.4 0.5 0.5

PART A



V- INVESTMENTS

Investments per category

(Sou

rce

CEA)

Country Total 2000 (a) (b) (c) (d) (e) (f) (g)AT 48,792 3,423 4,041 12,537 15,510 10,961 372 1,948BE 102,327 3,019 5,384 30,731 52,897 5,974 1,591 2,730CH 244,275 21,466 26,114 41,732 86,310 44,101 9,695 14,859CY 1,828 51 0 1,028 329 181 238 0CZ 4,039 306 0 306 2,880 13 476 59DE 871,166 27,049 80,445 233,508 75,581 441,614 9,426 3,544DK 137,145 3,838 14,433 43,670 67,021 774 513 6,897EE 98 5 11 13 41 1 27 0ES 80,896 3,962 2,534 2,861 49,166 1,743 6,910 13,720FI 75,465 8,303 6,366 20,821 35,487 3,885 537 67FR 856,474 40,125 0 259,712 532,184 10,961 4,391 9,101GB 1,637,352 91,553 0 929,296 456,911 14,660 0 144,931GR 4,943 310 413 1,538 2,311 97 292 -17HU 2,363 27 155 181 1,827 15 90 68IE 46,145 3,772 0 26,060 12,056 0 0 4,256ISIT 243,236 8,282 21,295 25,965 120,478 1,149 240 65,827LTLU 23,969 73 0 10,570 11,218 1 1,791 316LV 143 18 15 4 27 6 51 22MTNL 259,921 13,526 7,347 79,558 76,757 60,448 4,712 17,573NO 57,800 4,927 1,682 18,523 25,091 3,110 1,936 2,532PL 8,472 199 316 586 5,442 0 600 1,329PT 22,423 1,190 765 3,797 12,758 58 1,384 2,470SE 222,072 10,863 18,506 96,331 90,011 1,840 3,524 998SI 1,307 128 27 127 451 122 430 23SK 976 112 46 236 55 3 515 8TR 3,161 226 209 231 1,752 0 734 8Total CEA 4,956,788 246,753 190,104 1,839,921 1,734,550 601,716 50,474 293,270of which EU 4,632,326 219,288 161,530 1,776,955 1,610,346 554,164 35,681 274,362of which Euro 2,630,814 112,724 128,178 706,120 994,093 536,793 31,353 121,553of which EEA 4,934,402 245,680 189,325 1,837,210 1,721,747 601,375 47,312 291,752of which Others 22,387 1,073 779 2,711 12,803 342 3,161 1,518

(euro million)

(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

PART A



V- INVESTMENTS(S

ourc

e CE

A)

Country Total 2000 (a) (b) (c) (d) (e) (f) (g)AT 48,792 7.0 8.3 25.7 31.8 22.5 0.8 4.0BE 102,327 3.0 5.3 30.0 51.7 5.8 1.6 2.7CH 244,275 8.8 10.7 17.1 35.3 18.1 4.0 6.1CY 1,828 2.8 0.0 56.3 18.0 9.9 13.0 0.0CZ 4,039 7.6 0.0 7.6 71.3 0.3 11.8 1.5DE 871,166 3.1 9.2 26.8 8.7 50.7 1.1 0.4DK 137,145 2.8 10.5 31.8 48.9 0.6 0.4 5.0EE 98 5.4 11.4 12.9 41.6 1.5 27.3 0.0ES 80,896 4.9 3.1 3.5 60.8 2.2 8.5 17.0FI 75,465 11.0 8.4 27.6 47.0 5.1 0.7 0.1FR 856,474 4.7 0.0 30.3 62.1 1.3 0.5 1.1GB 1,637,352 5.6 0.0 56.8 27.9 0.9 0.0 8.9GR 4,943 6.3 8.4 31.1 46.7 2.0 5.9 -0.3HU 2,363 1.1 6.6 7.7 77.3 0.6 3.8 2.9IE 46,145 8.2 0.0 56.5 26.1 0.0 0.0 9.2ISIT 243,236 3.4 8.8 10.7 49.5 0.5 0.1 27.1LTLU 23,969 0.3 0.0 44.1 46.8 0.0 7.5 1.3LV 143 12.5 10.7 2.6 18.6 4.4 35.7 15.5MTNL 259,921 5.2 2.8 30.6 29.5 23.3 1.8 6.8NO 57,800 8.5 2.9 32.0 43.4 5.4 3.3 4.4PL 8,472 2.3 3.7 6.9 64.2 0.0 7.1 15.7PT 22,423 5.3 3.4 16.9 56.9 0.3 6.2 11.0SE 222,072 4.9 8.3 43.4 40.5 0.8 1.6 0.4SI 1,307 9.8 2.1 9.7 34.5 9.4 32.9 1.7SK 976 11.5 4.7 24.2 5.6 0.3 52.8 0.8TR 3,161 7.2 6.6 7.3 55.4 0.0 23.2 0.3Total CEA 4,956,788 5.0 3.8 37.1 35.0 12.1 1.0 5.9of which EU 4,632,326 4.7 3.5 38.4 34.8 12.0 0.8 5.9of which Euro 2,630,814 4.3 4.9 26.8 37.8 20.4 1.2 4.6of which EEA 4,934,402 5.0 3.8 37.2 34.9 12.2 1.0 5.9of which Others 22,387 4.8 3.5 12.1 57.2 1.5 14.1 6.8

(euro million) (%)

investments 2000(breakdown per category)

(Source CEA)PART A

(a)

5.0% (b)

3.8

%

(c)

37.1%

(d)

35.0%

(e)

12.1%

(f)

1.0

%

(g)

5.9%

(e)

20.1%

(f)

1.6

% (b)

2.7

%

(c)

25.9%

(g)

3.5

%

(a)

7.3%

(d)

38.9%

(a)9.0% (b)

2.5%

(f)

2.1

%

(e)

22.6%

(g)

4.1

%

(c)

23.4%

(d)

36.2%





V- INVESTMENTS(S

ourc

e CE

A)

(Sou

rce

CEA)

Life and Non-life investmentsshare 2001

(*) provisional

(%)

Percentage share of life and non-life investments

Non-life

Life

92.791.9

90.090.0

89.387.7

85.7 81.280.9

79.5 79.477.5

75.4 75.0 73.568.9 68.2

60.258.0 55.4

50.3 44.0 42.1 41.829.6

7.3 8.1 10.0 10.0 10.7 12.3 14.318.8 19.1

20.5 20.6 22.5 24.625.0 26.5 31.1

24.3

39.842.0 44.6

49.756.0

57.958.2

70.4

GB LU CY DK NL FR IE CEA NO IT PT SE CH ES AT SK BE DE PL FI HU TR EE SI LV

PART A

Country 1992 1995 1999 2000 2001(*)Country Life Non-life Life Non-life Life Non-life Life Non-life Life Non-lifeAT 59.0 41.0 64.3 35.7 68.9 31.1 70.7 29.3 73.5 26.5BE 64.0 36.0 64.4 35.6 71.7 28.3 68.2 31.8 68.2 31.8CH 73.9 26.1 76.0 24.0 77.4 22.6 75.2 24.8 75.4 24.6CY 80.6 19.4 83.3 16.7 86.0 14.0 91.5 8.5 90.0 10.0CZDE 64.3 35.7 63.0 37.0 61.8 38.2 62.0 38.0 60.2 39.8DK 81.6 18.4 83.7 16.3 89.3 10.7 89.8 10.2 90.0 10.0EE 22.2 77.8 31.1 68.9 37.3 62.7 42.1 57.9ES 60.9 39.1 70.4 29.6 76.0 24.0 75.0 25.0 75.0 25.0FI 80.4 19.6 78.6 21.4 75.3 24.7 79.4 20.6 55.4 44.6FR 77.1 22.9 83.1 16.9 85.9 14.1 86.8 13.2 87.7 12.3GB 84.5 15.5 86.4 13.6 90.4 9.6 92.2 7.8 92.7 7.3GRHU 35.8 64.2 69.7 30.3 55.4 44.6 50.3 49.7IE 73.3 26.7 74.9 25.1 86.7 13.3 85.7 14.3 85.7 14.3ISIT 56.2 43.8 63.2 36.8 76.5 23.5 78.2 21.8 79.5 20.5LT 7.9 92.1LU 84.7 15.3 91.6 8.4 91.7 8.3 91.9 8.1LV 26.7 73.3 31.7 68.3 29.6 70.4 29.6 70.4MTNL 88.8 11.2 88.6 11.4 88.9 11.1 89.2 10.8 89.3 10.7NO 77.2 22.8 77.1 22.9 79.1 20.9 80.0 20.0 80.9 19.1PL 34.6 65.4 55.5 44.5 56.0 44.0 57.9 42.1 58.0 42.0PT 45.2 54.8 60.5 39.5 76.5 23.5 77.4 22.6 79.4 20.6SE 76.9 23.1 77.9 22.1 79.4 20.6 78.6 21.4 77.5 22.5SI 22.4 77.6 36.8 63.2 39.1 60.9 41.8 58.2SK 80.4 19.6 68.3 31.7 68.9 31.1 68.9 31.1TR 43.1 56.9 50.3 49.7 36.5 63.5 45.6 54.4 44.0 56.0Total CEA 76.0 24.0 78.0 22.0 81.3 18.7 81.9 18.1 81.2 18.8of which EU 76.1 23.9 78.1 21.9 81.5 18.5 82.3 17.7 81.5 18.5of which Euro 70.0 30.0 72.6 27.4 75.8 24.2 76.3 23.7 75.2 24.8of which EEA 76.0 24.0 78.0 22.0 81.3 18.7 81.9 18.1 81.2 18.8of which Others 55.9 44.1 57.1 42.9 58.7 41.3 61.5 38.5 59.1 40.9


1,502,463

778,710

572,647

0

50,000

100,000

150,000

200,000

250,000

GB FR DE NL IT CH SE DK BE ES NO AT IE FI LU PT PL TR CY HU SK SI EE LV CZ GR

V.2 LIFE INVESTMENTS

V- INVESTMENTS

(Sou

rce

CEA)

Country 1992 1995 1999 2000 2001(*)AT 14,237 23,120 31,885 34,507 40,019BE 27,106 35,178 69,067 69,803 73,293CH 83,703 122,912 182,160 183,773 175,261CY 281 478 780 1,673 1,368CZDE 273,846 373,494 504,679 539,939 572,647DK 49,579 68,606 115,883 123,110 126,368EE 6 24 36 56ES 15,016 30,773 56,262 60,672 68,966FI 17,695 27,399 55,052 59,945 38,179FR 198,842 365,836 675,569 743,037 778,710GB 462,604 578,753 1,454,296 1,509,639 1,502,463GRHU 331 1,290 1,308 1,364IE 11,914 15,774 36,588 39,547 39,547 (**)ISIT 41,999 61,709 156,773 190,183 223,753LT 13LU 5,000 19,064 21,982 23,500LV 7 42 42 42 (**)MTNL 98,516 142,665 224,528 231,931 233,697NO 23,472 28,471 45,667 46,228 49,868PL 125 658 3,521 4,907 7,029PT 1,959 5,453 15,454 17,366 20,840SE 56,527 76,233 166,112 174,439 164,914SI 93 394 511 649SK 520 608 672 672 (**)TR 185 305 799 1,441 1,465Total CEA 1,377,606 1,963,774 3,816,508 4,056,691 4,144,670of which EU 1,269,840 1,809,992 3,581,211 3,816,100 3,906,894of which Euro 701,130 1,086,400 1,844,920 2,008,911 2,113,150of which EEA 1,377,015 1,961,376 3,809,038 4,046,100 4,132,024of which Others 591 2,398 7,470 10,591 12,646

(euro million)

(Sou

rce

CEA)

Life investments 2001


PART A


01/00 01/92 01/95

-50.0

-40.0

-30.0

-20.0

-10.0

0.0

10.0

20.0

30.0

40.0

50.0

60.0

EE PL TR SI PT IT AT ES LU DE FR BE NO DK CEA SE NL GB CH HU CY FI


V- INVESTMENTS

(Sou

rce

CEA)




Growth rate Average Growth rate Average

AT 16.0 12.1 10.3 13.9 10.0 8.7BE 5.0 11.7 13.8 2.8 9.4 11.9CH -7.4 6.5 5.7 -7.7 5.4 5.0CY -18.0 19.0 18.3 -21.2 14.7 14.4CZDE 6.1 8.5 8.1 4.3 6.5 6.5DK 2.3 10.7 11.1 0.4 8.4 8.7EE 53.2 46.9 47.0 34.6ES 13.7 20.7 15.2 10.7 16.9 12.3FI -36.3 8.2 6.3 -37.3 6.9 4.7FR 4.8 16.1 13.7 3.6 14.5 12.4GB -2.8 10.8 11.0 -3.7 8.4 8.4GRHU -3.3 32.9 -9.7 17.0IEISIT 17.7 21.9 22.5 14.9 18.3 19.5LTLU 6.9 30.3 4.7 28.2LVMTNL 0.8 10.1 9.4 -3.3 7.4 6.7NO 4.1 8.6 9.0 2.2 6.4 6.6PL 31.0 67.5 49.8 26.5 42.3 34.8PT 20.0 32.0 25.4 15.5 27.8 21.9SE 0.9 14.0 15.2 -1.5 12.0 14.0SI 30.1 44.8 21.7 34.1SKTR 107.0 114.5 105.8 23.7 20.0 19.3Total CEA 2.2 12.9 13.3 -0.1 9.5 9.4of which EU 2.4 13.2 13.7 0.2 9.8 9.6of which Euro 5.2 12.9 11.7 3.3 10.7 10.3of which EEA 2.1 12.9 13.2 -0.2 9.5 9.4of which Others 19.4 36.7 31.9 9.3 29.1 26.4

PART A

(Sou

rce

CEA)



V- INVESTMENTS(S

ourc

e CE

A)

(*) provisional

(Source CEA)


Share of each country in Life investments 2001

(%)

Country 1992 1995 1999 2000 2001(*)AT 1.0 1.2 0.8 0.9 1.0BE 2.0 1.8 1.8 1.7 1.8

CH 6.1 6.3 4.8 4.5 4.2

CY 0.02 0.02 0.02 0.04 0.03

CZDE 19.9 19.0 13.2 13.3 13.8

DK 3.6 3.5 3.0 3.0 3.0

EE 0.001 0.001 0.001

ES 1.1 1.6 1.5 1.5 1.7FI 1.3 1.4 1.4 1.5 0.9

FR 14.4 18.6 17.7 18.3 18.8

GB 33.6 29.5 38.1 37.2 36.3

GRHU 0.02 0.03 0.03 0.03

IE 0.9 0.8 1.0 1.0 1.0

ISIT 3.0 3.1 4.1 4.7 5.4LTLU 0.3 0.5 0.5 0.6

LV 0.001 0.001 0.001MTNL 7.2 7.3 5.9 5.7 5.6

NO 1.7 1.4 1.2 1.1 1.2

PL 0.01 0.03 0.1 0.1 0.2PT 0.1 0.3 0.4 0.4 0.5

SE 4.1 3.9 4.4 4.3 4.0

SI 0.005 0.01 0.01 0.02

SK 0.03 0.02 0.02 0.02TR 0.01 0.02 0.02 0.04 0.04



of which Others 0.0 0.1 0.2 0.3 0.3

Other EU

GB

36.3%

FR

18.8%

DE

13.8%

NL5.6%

IT 5.4%

CH

4.2%

SE

4.0%

DK

3.0%B

E1.8

% 5.6%

Others

1.5

%

PART A


V.3 NON-LIFE INVESTMENTS

V- INVESTMENTS

378,356

118,227

109,458

0

10,000

20,000

30,000

40,000

50,000

60,000

DE GB FR IT CH SE FI NL BE ES AT DK NO IE PT PL LU TR HU SI SK CY LV EE

(Sou

rce

CEA)

Country 1992 1995 1999 2000 2001(*)AT 9,904 12,844 14,404 14,285 14,428BE 15,228 19,463 27,207 24,819 26,060CH 29,494 38,813 53,318 60,503 57,297CY 68 96 127 155 151CZDE 152,142 219,156 311,353 331,228 378,356DK 11,209 13,404 13,851 14,035 14,116EE 18 52 61 77ES 9,637 12,947 17,728 20,224 22,989FI 4,314 7,474 18,020 15,520 30,778FR 59,006 74,184 111,325 113,437 109,458GB 84,685 90,878 155,269 127,712 118,227GRHU 594 560 1,055 1,346IE 4,332 5,291 5,622 6,598 6,598 (**)ISIT 32,679 35,912 48,104 53,053 57,701LT 156LU 903 1,738 1,987 2,058LV 20 91 101 101 (**)MTNL 12,380 18,427 27,914 27,990 28,089NO 6,919 8,457 12,102 11,572 11,808PL 236 527 2,769 3,565 5,080PT 2,380 3,558 4,758 5,057 5,397SE 17,015 21,580 42,973 47,633 47,769SI 322 677 796 905SK 126 282 304 304 (**)TR 245 302 1,389 1,720 1,865Total CEA 451,873 585,295 871,791 883,410 940,957of which EU 414,911 536,019 800,267 803,578 862,023of which Euro 302,002 410,158 588,174 614,198 681,912of which EEA 451,324 583,289 865,688 875,653 931,128of which Others 549 2,005 6,103 7,757 9,829

(euro million)

(Sou

rce

CEA)

Non-life investments 2001


PART A


01/00 01/92 01/9595.2

-20.0

-10.0

0.0

10.0

20.0

30.0

40.0

FI TR PL EE DE ES HU SI IT CEA SE BE PT LU AT DK NO NL FR CY CH GB


V- INVESTMENTS

(Sou

rce

CEA)





T 1.0 4.2 2.6 -0.8 2.3 1.2BE 5.0 6.1 5.7 2.8 4.0 3.9CH -8.0 5.7 6.3 -8.3 4.5 5.6CY -2.2 9.0 7.2 -6.1 5.2 3.6CZDE 14.2 10.6 10.2 12.3 8.6 8.7DK 0.2 2.3 1.2 -1.6 0.2 -1.0EE 25.3 27.8 20.3 17.1ES 13.7 12.2 10.8 10.7 8.7 8.0FI 98.3 23.6 27.4 95.2 22.1 25.4FR -3.5 6.9 7.0 -4.7 5.3 5.7GB -9.6 0.8 -1.1 -10.4 -1.3 -3.4GRHU 18.3 20.3 10.5 5.9IEISIT 8.8 7.9 6.9 6.2 4.7 4.4LTLU 3.6 15.5 1.4 13.6LVMTNL 0.4 9.5 8.1 -3.7 6.8 5.4NO -1.6 6.0 5.0 -3.3 3.9 2.7PL 30.3 50.6 47.2 25.8 27.9 32.5PT 6.7 11.2 7.5 2.7 7.7 4.5SE 7.1 13.5 15.6 4.5 11.6 14.4SI 16.4 24.5 8.9 15.2SKTR 120.8 113.6 114.7 32.0 19.5 24.4Total CEA 6.5 8.4 8.2 4.5 5.7 5.7of which EU 7.3 8.4 8.2 5.6 5.8 5.7of which Euro 11.0 9.4 8.8 9.1 7.5 7.6of which EEA 6.3 8.4 8.1 4.5 5.7 5.7of which Others 26.7 32.9 30.3 19.6 25.0 20.9

PART A(S

ourc

e CE

A)



V- INVESTMENTS(S

ourc

e CE

A)

(*) provisional

(Source CEA)


Share of each country in Non-life investments2001

(%)

Country 1992 1995 1999 2000 2001(*)AT 2.2 2.2 1.7 1.6 1.5BE 3.4 3.3 3.1 2.8 2.8

CH 6.5 6.6 6.1 6.8 6.1

CY 0.02 0.02 0.01 0.02 0.02

CZDE 33.7 37.4 35.7 37.5 40.2

DK 2.5 2.3 1.6 1.6 1.5

EE 0.003 0.01 0.01 0.01

ES 2.1 2.2 2.0 2.3 2.4FI 1.0 1.3 2.1 1.8 3.3

FR 13.1 12.7 12.8 12.8 11.6

GB 18.7 15.5 17.8 14.5 12.6

GRHU 0.0 0.1 0.1 0.1 0.1

IE 1.0 0.9 0.6 0.7 0.7

ISIT 7.2 6.1 5.5 6.0 6.1LTLU 0.2 0.2 0.2 0.2

LV 0.003 0.01 0.01 0.01

MTNL 2.7 3.1 3.2 3.2 3.0

NO 1.5 1.4 1.4 1.3 1.3

PL 0.1 0.1 0.3 0.4 0.5

PT 0.5 0.6 0.5 0.6 0.6SE 3.8 3.7 4.9 5.4 5.1

SI 0.1 0.1 0.1 0.1

SK 0.02 0.03 0.03 0.03


of which Euro 66.8 70.1 67.5 69.5 72.5


Other EU

DE

40.2%

FR

11.6%

IT

6.1%

CH 6.1%

SE5.1%

FI3.3%

NL

3.0%

BE

2.8%

GB

12.6%

Others

2.3

%

6.9%

PART A


V.4 INVESTMENTS/PREMIUM RATIO

V- INVESTMENTS

(Sou

rce

CEA)

(Sou

rce

CEA)

Total investments/Total premium ratio 2001

(*) provisional

Total investments/Total premium

0

2

4

6

8

10

12

14

SE DK NO FR CH DE NL CEA GB FI BE AT IT LU CY PT ES GR PL TR HU SI EE

Country 1992 1995 1999 2000 2001(*)AT 3.3 3.7 4.2 4.2 4.4BE 4.8 4.8 5.7 5.1 5.1CH 6.8 6.5 7.8 7.9 7.0CY 2.1 2.3 1.2 3.2 3.4CZ 2.1 2.0 2.0DE 4.9 4.9 6.3 6.5 6.8DK 10.0 10.4 12.6 12.2 11.9EE 0.7 0.9 1.0 1.2ES 1.4 2.0 2.3 2.0 2.2FI 4.4 5.0 7.0 6.4 5.9FR 3.6 4.3 6.9 6.5 7.1GB 5.9 7.3 8.0 6.6 5.9GR 1.2 1.5 1.9 1.9 1.9HU 1.0 1.5 1.6 1.6 1.6IE 5.1 5.8 5.0 4.5ISIT 2.8 3.2 3.3 3.6 3.8LT 1.4LU 1.7 3.6 3.5 3.5LV 0.7 0.8MTNL 5.2 5.9 7.1 6.6 6.0NO 6.3 7.2 8.1 7.3 8.2PL 0.3 0.7 1.3 1.6 1.9PT 1.8 2.3 3.0 3.2 3.3SE 8.4 10.7 13.4 12.8 12.8SI 0.7 1.3 1.4 1.5SK 2.4 1.6 1.6TR 0.6 0.8 1.3 1.1 1.7Total CEA 4.8 5.2 6.6 6.1 6.0of which EU 4.7 5.2 6.6 6.1 6.0of which Euro 4.0 4.4 5.6 5.5 5.7of which EEA 4.8 5.3 6.7 6.2 6.1of which Others 0.7 1.2 1.4 1.6 1.8

PART A



V- INVESTMENTS

(Sou

rce

CEA)

(Sou

rce

CEA)

Life investments/Life premium ratio 2001

(*) provisional

Life investments/Life premium

0

2

4

6

8

10

12

14

16

18

DK SE NO FR DE NL CH CEA GB AT CY BE IT PT FI TR LU ES SI PL EE HU

Country 1992 1995 1999 2000 2001(*)AT 6.3 6.6 6.6 6.4 6.8BE 9.0 7.5 6.9 5.4 5.4CH 8.6 7.7 8.8 8.9 7.9CY 3.6 3.9 1.3 4.4 5.5CZDE 8.0 8.0 8.6 8.9 9.3DK 15.3 15.4 18.2 17.4 16.8EE 2.0 1.7 1.9 2.5ES 2.6 3.6 3.3 2.5 3.0FI 5.4 5.3 6.8 6.4 4.1FR 4.9 5.6 9.0 8.2 9.4GB 8.2 10.6 9.6 7.7 7.0GRHU 1.7 2.8 2.0 2.0IE 6.8 7.6 6.0 5.2ISIT 5.8 5.5 4.4 4.6 5.1LT 0.6LU 1.8 3.8 3.6 3.6LV 3.3 6.3MTNL 8.6 10.0 11.0 10.1 9.1NO 11.9 12.5 13.7 13.3 12.4PL 0.4 1.2 2.0 2.3 2.7PT 2.7 3.2 4.1 4.6 4.6SE 11.4 15.7 14.7 13.6 13.6SI 1.0 2.7 2.9 3.0SK 7.9 3.1 2.6TR 1.2 3.0 2.7 2.8 4.0Total CEA 7.4 7.9 8.7 7.7 7.6of which EU 7.3 7.9 8.7 7.6 7.5of which Euro 6.4 6.5 7.5 7.1 7.5of which EEA 7.4 7.9 8.7 7.7 7.6of which Others 1.2 2.1 2.1 2.5 2.9

PART A



V- INVESTMENTS

(Sou

rce

CEA)

(Sou

rce

CEA)

Non-life investments/Non-life premium ratio 2001

(*) provisional

Non-life investments/Non-life premium

0

2

4

6

8

10

12

14

FI SE CH DE BE NO DK CEA FR LU AT GB IT NL PT PL HU ES TR SI EE CY

Country 1992 1995 1999 2000 2001(*)AT 1.9 2.0 2.4 2.3 2.2BE 2.6 2.9 3.9 3.5 3.6CH 4.2 4.4 5.6 5.8 5.2CY 0.8 0.8 0.7 0.8 0.7CZDE 2.9 3.0 4.4 4.5 4.9DK 3.9 3.9 3.5 3.4 3.3EE 0.6 0.7 0.7 0.8ES 0.8 1.0 1.2 1.2 1.2FI 2.5 4.0 8.0 6.6 12.3FR 1.9 1.9 2.8 2.8 2.6GB 2.3 2.5 3.1 2.5 2.1GRHU 1.3 0.8 1.4 1.4IE 3.0 3.3 2.3 2.4ISIT 1.7 1.9 1.8 1.9 1.9LT 1.6LU 1.5 2.4 2.4 2.4LV 0.5 0.6MTNL 1.2 1.4 1.8 1.7 1.6NO 2.5 2.9 3.2 2.6 3.3PL 0.3 0.5 0.9 1.1 1.4PT 1.4 1.6 1.6 1.5 1.5SE 4.5 5.1 10.0 10.5 10.5SI 0.6 1.0 1.1 1.1SK 0.6 0.8 0.8TR 0.4 0.4 1.0 0.8 1.2Total CEA 2.3 2.5 3.3 3.1 3.2of which EU 2.3 2.4 3.2 3.1 3.1of which Euro 2.2 2.3 3.1 3.1 3.2of which EEA 2.3 2.5 3.3 3.2 3.2of which Others 0.4 0.7 0.9 1.0 1.3

PART A


COMMENTS

VI- IMPORTANCE OF INSURANCE IN EUROPE PART A

Share in the European economy

Over and above the important volume of invest-ments placed by insurance undertakings in theeconomies of Europe (previous chapter), someother indicators also enable the financial impactof “insurance” activity to be measured.

The usual indicators are the premium/GDP ratio,the insurance investments/GDP ratio and the pro-portion of shares controlled by insurance under-takings in stock-market capitalisation.

The impact of the insurance industry on GDP isdefined as follows (Extract from the EuropeanSystem of Accounts (ESA95))

GDP is valued at market prices. This aggregatecan be derived from the supply and use tables inthree different ways:

a) the aggregate of output at basic prices byindustry minus the aggregate of intermediate con-sumption at purchasers’ prices by industry plusnet taxes on products (the production approach);the intermediate consumption by industry in-cludes the use of financial intermediation serv-ices indirectly measured that are recorded in anominal industry

b) the aggregates of the various components ofvalue added at basic prices by industry minus theuse of financial intermediation services indirectlymeasured (recorded in a nominal industry) plusthe net taxes on products (the income approach);

c) the sum of final uses categories minus im-ports: exports - imports + final consumption ex-penditure + gross capital formation (all at purchas-ers' prices) (the expenditure approach).

In order to assess the contribution of the insur-ance sector to the GDP it is best to compare out-put - intermediate consumption (= value added)of the insurance sector with the GDP. The outputof insurance services is defined as follows in theESA95.

“The output of (…) insurance services, both lifeand non-life, is calculated as:

actual premiums earned

plus premium supplements

less claims due

less increases (plus decreases) in technical provi-sions against outstanding risks and technical pro-visions for with-profits insurance

Actual premiums earned are the actual premi-ums that cover the risks incurred during the cur-rent period. Actual premiums earned are usuallynot equal to actual premiums receivable, as thelatter often cover risks incurring in both the cur-rent and subsequent periods.

Premium supplements are identical to propertyincome attributed to policy holders, which is theentire income earned by insurance enterprises byinvesting their insurance technical reserves, ex-cluding any income from insurance enterprises’own funds. Insurance technical reserves containtwo elements: (a) prepayments of insurance pre-miums and reserves for outstanding claims, aris-ing from the difference between premiums earnedand premiums receivable and between claimspayable and claims due, and (b) technical provi-sions against outstanding risks and technical pro-visions for with-profits insurance. The latter ele-ment applies only to life insurance. Insurancetechnical reserves are usually invested in finan-cial assets which yield income in the form of in-terest or dividends. However, these reserves mayalso be invested in real estate, for example, inwhich case income is earned as operating sur-plus.

Claims due cover events that occur within thecurrent period. Frequently, claims do not becomepayable until a later period than when the eventgiving rise to them occurred. Claims due are there-fore not equal to claims payable.

Changes in technical provisions against outstand-ing risks and technical provisions for with-prof-its insurance consist of allocations to technicalprovisions against outstanding risks and provisionsfor with-profits insurance policies to build up thecapital sums guaranteed under these policies.These provisions relate to life insurance only.

All four items in the equation should be meas-ured excluding holding gains and losses.”

According to this definition of GDP, changes ininsurance premium affect GDP as well as changesin technical reserves.


COMMENTS

VI- IMPORTANCE OF INSURANCE IN EUROPE PART A

For the first time since 1992, the growth of turno-ver for European insurers is practically equal tothat of global economic growth for the zonewhereas previously it was higher.

The total ratio of premiums to GDP which was6.1% in 1992 rose to 8.6 % in 2000, to stagnateat 8.7% in 2001.

The ratio of life premiums to GDP rose even faster,from 3% in 1992 to 5.6% in 2000; it remainedstable in 2001 whereas the non-life premium/GDPratio remained practically stable throughout theentire period, between 3.0% in 1998, 1999 and2000 and 3.4% in 1994 to revert in 2001 to thesame level as in 1992, i.e. 3.1%.

The weaker performance of the life class in nu-merous countries explains this situation but alsothe high level already achieved in many cases andthe maturity of the majority of the larger markets.

In all classes, premium growth in non-EEA coun-tries is greater than that of the economy whichglobally reflects markets less saturated than thoseof the European Union in which only Portugal(country with strong economic growth) has anappreciably expanding ratio.

The importance of the ratio in Luxembourg canbe explained by the importance of the turnoverof FOS business for non-residents.

The investments/GDP ratio continues to growfaster than the economy despite disappointing fi-nancial market results, proof of the importanceof the need for insurance protection.

Insurance investments / market capitalisation

The ratio insurance investments in shares per mar-ket capitalisation is interesting because it makesit possible to assess the share of insurance under-takings as institutional investors in the stock-mar-ket capitalisation of each country. Figures pre-sented here only include investments made inshares by undertakings and not their own sharesquoted on the stock-market -except in cases wherethe latter are carried by other insurance under-takings as investments.

Density of insurance

Average total premium per inhabitant grew rap-idly in Europe and this has been the case regu-larly since 1992 – when it was 762 euros - to2001 when it was 1,629 euros.

This average was 19 times higher in 2001 in Eu-ropean Union countries than in non-EEA coun-tries (2,104 euros against 108 euros) whereas ithas increased more in the latter markets since1992. Life insurance growth explains this figure.

Other than the particular case of Luxembourg andits atypical market, Switzerland (whose weakerdevelopment shows a degree of market satura-tion) and the United Kingdom (a mature marketwith substantial pension funds) are countrieswhere insurance density remains the highest.


VI.1 SHARE IN THE EUROPEAN ECONOMY

VI- IMPORTANCE OF INSURANCE IN EUROPE

(Sou

rce

CEA)

Country 1992 1995 1999 2000 2001(*)AT 5.0 5.4 5.6 5.7 5.9BE 5.0 5.5 7.2 8.1 8.1CH 8.7 9.6 11.8 11.7 11.8CY 3.2 3.5 9.0 6.4 4.9CZ 2.6 2.6 3.3 3.6 3.7DE 5.5 6.4 6.6 6.6 6.8DK 5.4 5.5 6.3 6.4 6.4EE 1.7 1.9 1.9ES 4.3 5.4 5.7 6.7 6.5FI 6.6 6.7 8.6 9.0 8.8FR 6.8 8.3 8.4 9.3 8.6GB 12.3 11.3 13.5 16.4 16.8GR 1.5 1.6 2.2 2.3 2.3HU 2.0 2.2 2.6 3.2 3.3IE 7.6 8.3 9.5 9.9IS 3.3 3.2 2.9 3.3IT 3.0 3.4 5.6 5.8 6.0LT 1.0LU 8.5 12.5 33.2 36.3LV 2.4 2.2MTNL 8.3 8.7 9.6 9.9 10.2NO 4.9 5.0 4.8 4.6 4.2PL 1.8 1.8 3.0 3.2 3.2PT 3.4 4.3 6.2 6.1 6.5SE 5.1 5.0 6.7 7.3 7.3SI 3.2 3.4 4.7 4.8 4.9SK 1.9 2.2 2.9 3.1TR 0.7 0.8 1.3 1.4 1.3Total CEA 6.1 6.7 7.9 8.6 8.7of which EU 6.2 6.8 8.2 9.0 9.1of which Euro 5.4 6.4 7.1 7.5 7.4of which EEA 6.3 6.9 8.2 9.0 9.1of which Others 1.5 1.8 2.6 2.6 2.8

(Sou

rce

CEA)

(*) provisional(%)

Total premium/GDP 2001 (%)

0

2

4

6

8

10

12

14

16

18

GB CH NL FI CEA FR BE SE DE PT ES DK IT AT CY SI NO CZ HU PL GR EE TR

Total premium/GDP

PART A




(Sou

rce

CEA)


(Sou

rce

CEA)

(*) provisional(%)

Life premium/GDP 2001 (%)

Life premium/GDP

0

2

4

6

8

10

12

14

GB CH FI NL FR CEA SE BE DK PT IT ES DE AT CY NO HU PL CZ GR SI EE TR

PART A




(Sou

rce

CEA)


(Sou

rce

CEA)

(*) provisional(%)

Non-life premium/GDP 2001 (%)


0

0.5

1

1.5

2

2.5

3

3.5

4

4.5

NL CH SI DE GB AT CEA ES FR PT BE IT CZ DK CY SE NO HU PL FI EE GR TR

PART A




(Sou

rce

CEA)

Country 1992 1995 1999 2000 2001(*)AT 16.3 20.1 23.5 23.8 26.0BE 24.3 26.0 40.9 41.2 41.7CH 58.7 67.5 91.7 92.3 82.7CY 6.6 8.6 10.7 20.6 16.4CZ 5.2 6.6 7.2DE 27.2 31.7 41.3 43.0 46.5DK 54.4 59.2 78.7 77.8 76.2EE 1.0 1.6 1.8 2.2ES 5.9 9.6 13.1 13.3 14.2FI 29.1 35.6 60.6 57.5 51.5FR 24.6 36.6 58.3 60.9 60.8GB 72.5 79.4 108.4 108.1 99.8GR 1.8 2.6 4.2 4.4 4.4HU 2.1 3.0 4.3 5.2 5.3IE 38.2 41.6 47.4 44.6ISIT 8.6 11.4 18.5 20.9 23.1LT 1.4LU 44.3 119.5 126.9LV 0.8 1.8 1.8MTNL 43.2 51.0 67.6 64.8 61.3NO 31.1 33.1 38.7 33.5 34.0PL 0.6 1.3 3.8 4.9 6.2PT 5.9 11.2 18.7 19.5 21.4SE 43.1 49.9 90.6 93.6 93.1SI 3.1 6.2 6.9 7.4SK 4.9 4.7 4.8TR 0.4 0.6 1.7 1.6 2.2Total CEA 29.2 35.2 52.2 52.4 52.7of which EU 29.2 35.6 54.0 54.7 54.5of which Euro 21.5 28.1 39.6 40.9 42.1of which EEA 30.1 36.7 54.8 55.4 54.9of which Others 0.9 2.2 3.7 4.1 4.9

(Sou

rce

CEA)

(*) provisional(%)

Investments/GDP 2001 (%)

Investments/GDP

0

20

40

60

80

100

120

GB SE CH DK NL FR CEA FI DE BE NO AT IT PT CY ES SI PL HU GR TR EE

PART A




(Sou

rce:

Fede

ratio

n of

Eur

opea

n Se

curit

ies E

xcha

nges

)

Investments/Market capitalisation Market capitalisation Insurance investments in shares(euro million) market capitalisation (%)

Country 1998 1999 2000 1998 1999 2000AT 29,104 32,947 31,384 42.1 43.4 52.8BE 195,929 186,139 196,658 14.3 16.6 18.4CH 595,369 678,105 845,865 7.9 9.0 8.0CYCZDE 1,046,228 1,428,873 1,352,936 22.1 19.1 23.2DK 105,485 105,021 119,112 38.8 54.0 48.8EEES 338,268 429,909 537,044 1.7 1.1 1.0FI 146,429 348,590 312,750 11.4 8.8 8.7FR 899,653 1,499,495 1,540,810 17.0 14.7 16.9GB 2,012,012 2,947,756 2,744,691 31.8 31.8 33.9GR 83,435 203,756 117,956 1.3 0.9 1.7HU 11,257 12,810 1.8 2.6IE 58,665 68,815 87,213 30.7 34.6 29.9ISIT 486,635 726,566 818,384 6.3 5.5 5.8LTLU 31,693 33,995 36,231 13.0 22.3 29.2LVMTNL 498,423 693,597 682,150 14.1 12.5 12.7NO 55,553 63,386 70,477 20.1 32.8 28.7PL 30,090 33,761 1.9 2.7PT 56,159 67,991 64,631 7.1 7.6 7.1SE 257,098 372,523 349,615 35.4 31.1 32.8SISKTRTotal CEA 6,896,138 9,928,811 9,954,478 20.4 19.5 20.4of which EU 6,245,216 9,145,973 8,991,565 21.5 20.2 21.6of which Euro 3,787,186 5,516,917 5,660,191 15.1 13.4 14.7of which EEA 6,896,138 9,887,464 9,907,907 20.4 19.5 20.5of which Others 41,347 46,571 1.9 2.7(*) estimate in 2001 with general growth of Euronext

Investments/Market capitalisation ratio 2000

0

10

20

30

40

50

60

AT DK GB SE IE LU NO DE CEA BE FR NL FI CH PT IT PL HU GR ES

(Sou

rce:

Fede

ratio

n of

Eur

opea

n Se

curit

ies E

xcha

nges

)

PART A


(Sou

rce

CEA)

VI.2 DENSITY OF INSURANCE


(Sou

rce

CEA)

Total premium per inhabitant 2001 (Euro)

Average total premium per inhabitant Growth rate (%)Non-inflation-adjusted Inflation-adjusted

Euro Average AverageCountry 1992 1995 1999 2000 2001 (*) 01/00 01/92 01/00 01/92AT 941 1,218 1,354 1,443 1,533 6.2 5.6 4.3 3.5BE 874 1,122 1,657 1,953 2,029 3.9 9.8 1.7 7.6CH 2,433 3,494 4,226 4,312 4,560 5.8 7.2 2.4 4.1CY 269 378 1,138 841 670 -20.4 10.6 -23.3 6.5CZ 57 93 177 196 240 22.3 17.4 7.6 7.1DE 1,077 1,468 1,588 1,635 1,692 3.5 5.1 1.8 3.2DK 1,176 1,506 1,939 2,099 2,204 5.0 7.2 2.7 4.7EE 24 58 75 84 12.6 8.0ES 460 563 820 1,035 1,062 2.6 9.8 -0.1 8.3FI 989 1,378 2,009 2,267 2,260 -0.3 9.6 -1.9 7.6FR 1,238 1,773 1,929 2,215 2,114 -4.6 6.1 -5.7 4.4GB 1,596 1,558 3,381 4,140 4,537 9.6 12.3 6.0 6.8GR 102 136 229 244 252 3.6 10.6 1.1 6.7HU 57 62 112 145 170 17.4 12.9 1.6 6.7IE 906 1,020 2,267 2,718IS 645 594 789 882IT 461 527 1,073 1,171 1,267 8.2 11.9 5.7 9.9LT 32LU 2,205 8,178 13,341 15,630 16,357 4.6 24.9 2.5 22.2LV 73 73MT 145 209 379 454 445 -1.9 13.3 -6.1 8.3NL 1,410 1,764 2,265 2,483 2,702 8.8 7.5 4.4 4.9NO 1,117 1,181 1,589 1,756 1,667 -5.1 4.6 -10.1 2.3PL 29 42 125 140 164 17.1 21.4 3.4 10.4PT 250 401 669 706 803 13.7 13.8 9.5 11.9SE 1,008 1,033 1,755 1,955 1,869 -4.4 7.1 -0.4 6.5SI 110 311 411 454 515 13.6 18.7 8.8 11.0SK 33 50 102 115TR 13 13 25 42 29 -31.1 9.0 -16.2 3.9Total CEA 762 946 1,348 1,544 1,629 5.5 8.8 3.0 5.8of which EU 977 1,213 1,764 2,016 2,104 4.4 8.9 1.9 5.9of which Euro 879 1,183 1,486 1,646 1,673 1.6 7.4 -0.4 5.4of which EEA 1,005 1,254 1,806 2,055 2,145 4.4 8.8 1.9 5.8of which Others 29 40 86 103 108 5.2 15.7 -0.2 7.6

(*) provisional

PART A

2,800

4,800

6,800

8,800

10,800

12,800

14,800

16,800

LU CH GB

1,200

1,400

1,600

1,800

2,000

2,200

2,400

2,600

2,800

NL FI DK FR BE SE DE NO CEA AT IT0

200

400

600

800

1,000

1,200

ES PT CY SI MT GR CZ HU PL EE TR



VI- IMPORTANCE OF INSURANCE IN EUROPE(S

ourc

e CE

A)

(Sou

rce

CEA)

Life premium per inhabitant 2001 (Euro)

Life premium per inhabitant Growth rate (%)Non-inflation-adjusted Inflation-adjusted

Euro Average AverageCountry 1992 1995 1999 2000 2001 (*) 01/00 01/92 01/00 01/92AT 287 436 598 668 722 8.1 10.8 6.2 8.6BE 298 463 981 1,259 1,317 4.6 17.9 2.5 15.6CH 1,408 2,243 2,900 2,867 3,046 6.2 8.9 2.9 5.8CY 126 191 883 566 367 -35.2 12.6 -37.6 8.3CZ 14 26 56 63 86 35.7 22.0 19.4 11.3DE 426 575 716 742 751 1.3 6.5 -0.4 4.5DK 626 851 1,200 1,326 1,403 5.8 9.4 3.5 6.8EE 2 10 14 17 17.6 12.9ES 148 220 439 603 577 -4.4 16.4 -6.9 14.8FI 646 1,014 1,576 1,815 1,778 -2.0 11.9 -3.6 9.8FR 702 1,118 1,263 1,523 1,396 -8.4 7.9 -9.5 6.2GB 972 931 2,541 3,282 3,595 9.5 15.6 6.0 10.0GR 49 67 127 125 121 -3.3 10.6 -5.5 6.7HU 12 19 45 67 70 4.8 21.9 -9.3 15.2IE 493 575 1,625 2,007IS 21 24 46 64IT 127 195 618 688 757 9.9 21.9 7.4 19.8LT 6LU 926 6,735 11,690 13,728 14,419 5.0 35.7 2.9 32.7LV 5 3MT 33 53 153 215 209 -2.5 22.8 -6.6 17.4NL 751 924 1,291 1,444 1,588 10.0 8.7 5.5 6.0NO 462 521 748 772 888 15.0 7.5 8.9 5.2PL 7 14 46 56 67 19.5 28.0 5.5 16.4PT 73 174 376 379 454 19.9 22.6 15.4 20.5SE 571 550 1,272 1,444 1,359 -5.9 10.1 -1.9 9.5SI 8 46 74 88 108 23.0 33.1 17.9 24.5SK 9 12 37 48TR 3 2 5 8 5 -30.8 8.6 -15.8 3.6Total CEA 372 486 838 1,005 1,053 4.8 12.3 2.2 8.9of which EU 477 620 1,104 1,328 1,372 3.3 12.5 0.8 9.1of which Euro 386 574 839 968 956 -1.2 10.6 -3.2 8.5of which EEA 493 648 1,132 1,349 1,397 3.6 12.3 1.0 9.0of which Others 7 11 30 36 39 8.9 21.4 -0.4 13.1

(*) provisional

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000

11,000

12,000

13,000

14,000

15,000

LU GB CH600

700

800

900

1,000

1,100

1,200

1,300

1,400

1,500

1,600

1,700

1,800

1,900

FI NL DK FR SE BE CEA NO IT DE AT

0

100

200

300

400

500

600

ES PT CY MT GR SI CZ HU PL EE TR

PART A



VI- IMPORTANCE OF INSURANCE IN EUROPE(S

ourc

e CE

A)

(Sou

rce

CEA)

Non-life premium per inhabitant 2001 (Euro)

Non-life premium per inhabitant Growth rate (%)Non-inflation-adjusted Inflation-adjusted

Euro Average AverageCountry 1992 1995 1999 2000 2001 (*) 01/00 01/92 01/00 01/92AT 654 782 757 776 811 4.6 2.4 2.7 0.4BE 576 658 676 694 712 2.5 2.4 0.4 0.3CH 1,024 1,251 1,326 1,444 1,514 4.8 4.4 1.5 1.4CY 143 187 255 275 303 10.1 8.7 6.0 4.6CZ 42 68 121 133 154 15.9 15.4 2.0 5.3DE 651 894 872 893 941 5.3 4.2 3.6 2.2DK 550 656 739 773 802 3.7 4.3 1.4 1.9EE 22 48 60 67 11.4 6.9ES 312 343 381 432 486 12.4 5.0 9.5 3.7FI 343 364 433 453 482 6.5 3.9 4.8 1.9FR 536 655 666 692 718 3.9 3.3 2.6 1.6GB 625 626 839 858 941 9.7 4.7 6.1 -0.4GR 53 69 102 119 131 10.7 10.7 8.1 6.8HU 45 43 67 78 100 28.3 9.2 11.0 3.2IE 413 445 642 711IS 624 570 743 819IT 334 332 455 482 510 5.8 4.8 3.3 3.0LT 26LU 1,279 1,443 1,651 1,903 1,938 1.8 4.7 -0.2 2.5LV 68 70MT 112 156 226 239 236 -1.4 8.7 -5.6 3.9NL 659 840 973 1,039 1,114 7.2 6.0 2.9 3.4NO 655 660 841 984 779 -20.8 2.0 -25.0 -0.2PL 21 28 79 84 97 15.5 18.3 2.0 7.5PT 178 226 293 327 349 6.6 7.8 2.6 5.9SE 437 483 484 511 511 -0.1 1.7 4.0 1.2SI 102 265 337 366 407 11.3 16.6 6.7 9.1SK 24 38 65 67TR 11 11 21 34 24 -31.2 9.0 -16.3 4.0Total CEA 390 460 510 539 576 6.9 4.4 4.6 1.7of which EU 501 594 660 689 733 6.4 4.3 4.1 1.7of which Euro 493 608 648 679 717 5.7 4.3 3.6 2.4of which EEA 512 607 675 706 748 5.9 4.3 3.6 1.7of which Others 22 29 56 67 70 3.3 13.4 -0.1 5.3

(*) provisional

1,000

1,100

1,200

1,300

1,400

1,500

1,600

1,700

1,800

1,900

2,000

LU CH NL

500

550

600

650

700

750

800

850

900

950

1,000

GB DE AT DK NO FR BE CEA SE IT

0

100

200

300

400

500

600

ES FI SI PT CY MT CZ GR HU PL EE TR

PART A


Summary

PART BSTRUCTURE OF THE EUROPEAN INSURANCEMARKET

I- EUROPEAN LIFE INSURANCE 83

I.1 Provisions at year end 84Provisions in euro million 92 to 2000 84Growth rate 2000 85Share of each country in the total 2000 86Provisions/premiums ratio 92 to 2000 87

I.2 Life benefits 88I.3 Life technical results 96 to 2000 92

II- EUROPEAN NON-LIFE INSURANCE 97

II.1 Total non-life insurance per class92 to 2001 97

II.2 Breakdown of premium pernon-life classes 92 to 2001 99

II.3 Non-life technical results 98 to 2000 102II.4 Motor insurance 107

Premium in euro million 92 to 2001 107Share of each country in non-lifepremium 107Growth rate 2000/2001 108Claims expenditure 92 to 2000 109Operating expenses 92 to 2000 109Combined ratio 92 to 2000 109

II.5 Accident and health insurance 110Premium in euro million 92 to 2001Share of each country in non-lifepremium 110Growth rate 2000/2001 111Claims expenditure 92 to 2000 112Operating expenses 92 to 2000 112Combined ratio 92 to 2000 112

II.6 Liability insurance 113Premium in euro million 92 to 2001 113Share of each country in non-lifepremium 113Growth rate 2000/2001 114Claims expenditure 92 to 2000 115Operating expenses 92 to 2000 115Combined ratio 92 to 2000 115

II.7 Legal expenses insurance 116Premium in euro million 92 to 2001 116Share of each country in non-lifepremium 116Growth rate 2000/2001 117

II.8 Property insurance 118Premium in euro million 92 to 2001 118Share of each country in non-lifepremium 118Growth rate 2000 / 2001 119Share fire and theft to property92 to 2000 120

II.9 MAT insurance 121Premium in euro million 92 to 2001 121Share of each country in non-lifepremium 121Growth rate 2000/2001 122

III- DISTRIBUTION CHANNELS 123

III.1 Global (life and non-life) 95 to 2000 123III.2 Life 95 to 2000 124III.3 Non-life 95 to 2000 125


COMMENTS

I- EUROPEAN LIFE INSURANCE PART B

Provisions in life insurance are mainly constitutedby savings accumulated by insureds which willbe paid to them when the contract matures in theform of capital or annuities and interests servicedon their contracts by insurers. The managementof pension funds by life insurers is the reason forthe high level of provisions in numerous coun-tries.

The provisions/premium ratio is also a good indi-cator of the level of a market’s development. Ahigh ratio is the sign of a market which has reachedmaturity whereas a low ratio indicates substan-tial capacity for growth.

Benefits paid come from life insurance contractswhich have matured and are paid in the form ofannuity or a capital sum but also indemnity paidin the event of death. The substantial rise in ben-efits paid is due to a large degree to the arrival atmaturity of many contracts taken out in the 80sand 90s.

For more information, readers should refer to thebrochure published by CEA on life insurance inFebruary 2002 (CEA ECO N° 15: the Europeanlife insurance market in 2000).


539,570

646,811

1,500,676

0

50,000

100,000

150,000

200,000

GB FR DE NL IT SE CH DK ES BE FI NO LU PT PL GR CZ CY TR HU SK SI EE LV

I.1 PROVISION AT YEAR END

I- EUROPEAN LIFE INSURANCE

(Sou

rce

CEA)

Country 1992 1995 1998 1999 2000AT 13,820BE 24,316 33,663 47,703 57,445 64,475CH 54,704 82,587 117,310 135,188 142,311CY 276 475 810 1,581 1,374CZ 1,719 1,574 1,930 2,218 2,457DE 269,267 368,262 462,449 501,095 539,570DK 45,643 61,432 83,539 96,698 103,755EE 4 16 16 30ES 18,761 30,667 50,238 64,909 76,056FI 19,385 28,528 40,141 47,423 56,266FR 199,373 331,859 513,820 582,535 646,811GB 364,123 570,869 1,048,967 1,412,864 1,500,676GR 1,575 2,646 3,885 3,912HU 431 439 641 1,021 1,308IEISIT 33,934 53,657 109,420 140,592 167,362LT 31 42LU 939 5,117 14,146 18,555 21,653LV 18 23 19MTNL 93,728 118,776 143,491 177,984 189,542NO 21,827 26,694 31,220 37,308 39,425PL 143 575 2,036 3,125 4,354PT 1,642 4,585 10,999 13,947 16,229SE 34,893 66,689 120,000 163,945 167,232SI 61 251 319 403SK 517 610 602 689TR 231 345 888 1,190 1,331Total CEA 1,199,157 1,788,952 2,803,319 3,464,512 3,747,239of which EU 1,119,825 1,675,679 2,647,558 3,281,878 3,553,540of which Euro 675,166 975,113 1,392,407 1,604,487 1,777,965of which EEA 1,196,356 1,784,960 2,796,088 3,454,374 3,735,276of which Others 2,801 3,992 7,232 10,138 11,964

(Sou

rce

CEA)

Life provisions 2000

Provision in Euro million

PART B


00/99 00/92 00/95

-40.00

-20.00

0.00

20.00

40.00

60.00

80.00

100.00

EE PL SI HU IT FI ES LU PT BE FR CZ CEAGB DE NO CH SK DK NL SE GR CY LV TR



(Sou

rce

CEA)

Growth rate


Non-inflation-adjusted (%) Inflation-adjusted (%)Country 00/99 00/92 00/95 00/99 00/92 00/95


ATBE 12.2 12.9 14.8 9.4 10.7 13.0CH 6.3 10.8 11.6 4.6 9.4 10.8CY -12.9 21.9 22.5 -16.4 17.6 18.6CZ 12.3 4.6 9.4 8.1 -4.1 2.5DE 7.7 9.0 8.7 5.6 7.0 7.3DK 7.4 10.5 11.6 4.3 8.2 9.1EE 88.8 47.6 81.5 34.0ES 17.2 21.6 20.9 13.3 17.8 17.9FI 18.6 13.4 15.4 14.8 12.1 13.6FR 11.0 15.5 14.7 9.3 13.9 13.3GB 9.2 15.9 14.2 6.1 13.3 11.2GR 0.8 22.1 -2.3 16.4HU 28.2 29.5 33.9 16.7 9.7 16.4IEISIT 19.0 23.8 23.7 16.0 20.0 20.8LTLU 16.7 48.0 34.6 13.1 44.8 32.5LV -15.8 -17.9MTNL 6.5 9.2 10.8 3.8 6.7 8.4NO 8.6 8.0 7.9 5.4 5.8 5.5PL 38.2 67.3 54.3 25.5 39.8 36.9PT 16.4 35.5 29.2 13.1 31.2 25.9SE 3.9 22.3 20.5 2.5 20.3 19.6SI 27.2 53.5 16.9 41.8SK 17.2 8.4 4.6 0.2TR 18.2 107.5 97.4 -23.7 15.2 13.7Total CEA 8.2 15.5 15.9 6.9 11.9 11.5of which EU 8.3 15.7 16.2 7.1 12.2 11.6of which Euro 10.8 13.2 12.8 8.5 11.0 11.6of which EEA 8.1 15.4 15.9 6.9 11.9 11.5of which Others 18.5 18.4 24.5 9.1 7.8 14.8

PART B(S

ourc

e CE

A)



I- EUROPEAN LIFE INSURANCE(S

ourc

e CE

A)

(Source CEA)


Share of each country in total provisions 2000

(%)

Country 1992 1995 1998 1999 2000AT 1.2BE 2.0 1.9 1.7 1.7 1.7

CH 4.6 4.6 4.2 3.9 3.8

CY 0.02 0.03 0.03 0.05 0.04

CZ 0.1 0.1 0.1 0.1 0.1DE 22.5 20.6 16.5 14.5 14.4

DK 3.8 3.4 3.0 2.8 2.8

EE 0.0 0.0 0.0 0.0

ES 1.6 1.7 1.8 1.9 2.0FI 1.6 1.6 1.4 1.4 1.5

FR 16.6 18.6 18.3 16.8 17.3

GB 30.4 31.9 37.4 40.8 40.0

GR 0.1 0.1 0.1 0.1HU 0.04 0.02 0.02 0.03 0.03

IEISIT 2.8 3.0 3.9 4.1 4.5LT 0.0 0.0

LU 0.1 0.3 0.5 0.5 0.6

LV 0.001 0.001 0.0

MTNL 7.8 6.6 5.1 5.1 5.1

NO 1.8 1.5 1.1 1.1 1.1

PL 0.01 0.03 0.1 0.1 0.1

PT 0.1 0.3 0.4 0.4 0.4SE 2.9 3.7 4.3 4.7 4.5

SI 0.003 0.01 0.01 0.01

SK 0.03 0.02 0.02 0.02


of which Euro 56.3 54.5 49.7 46.3 47.4


GB

40.0%

FR

17.3%DE

14.4%

NL 5.1%

IT 4.5%

SE4.5%

CH

3.8%

DK

2.8%E

S2.0

%

Other

EU

4.4%

Others

1.4

%

PART B


0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

18.0

SE DK NO GB NL DE CEA BE SK FR CH CZ IT FI CY ES TR LU PT GR HU EE PL LV SI

1992 1995 1998 2000



(Sou

rce

CEA)

(Sou

rce

CEA)

Provisions/Premiums ratio

Provisions/Premiums ratio

Country 1992 1995 1998 1999 2000AT 6.1BE 8.1 7.9 7.3 7.2 6.9CH 5.6 5.6 5.4 5.2 5.5CY 3.5 3.6 3.6 3.8 3.8CZ 11.5 7.8 6.6 6.0 5.2DE 7.8 7.7 7.6 7.8 8.2DK 14.1 13.3 14.1 13.8 13.1EE 1.6 1.5ES 3.3 3.5 2.8 3.6 3.7FI 5.9 6.1 6.2 5.5 5.1FR 5.2 5.1 4.9 5.1 5.5GB 6.5 8.3 9.5 10.5 9.7GR 1.8 2.0 2.3 2.5HU 3.6 2.9 2.8 2.3 2.1IEISIT 4.7 4.8 4.8 4.8 5.2LTLU 2.6 2.8 2.4 1.8 3.1LV 1.0MTNL 8.2 9.0 9.1 8.0 8.2NO 11.0 12.3 10.6 11.7 12.0PL 0.5 0.7 0.9 1.0 1.1PT 2.3 2.5 2.8 2.7 3.0SE 7.0 6.2 12.5 13.7 15.6SI 0.7 0.7SK 8.9 9.0 7.8 6.1TR 1.5 2.0 3.1 3.4 3.5Total CEA 6.5 7.3 8.1 8.0 7.3of which EU 6.5 7.4 8.3 8.1 7.3of which Euro 6.3 6.1 7.0 6.9 6.6of which EEA 6.5 7.3 8.1 8.1 7.3of which Others 3.6 2.9 2.5 2.5 2.5

PART B


46,466

49,396

131,635

0

4,000

8,000

12,000

16,000

GB DE FR CH NL IT ES SE FI DK BE IE AT LU NO PT GR PL TR HU CZ CY SK SI MT LV EE

I.2 LIFE BENEFITS


(Sou

rce

CEA)

Country 1992 1995 1998 1999 2000AT 1,042 1,995 2,631 2,771 2,979BE 2,207 2,772 3,788 4,205 4,763CH 5,719 9,566 11,535 13,877 15,571CY 20 36 56 213 286CZ 215 183 259 283 296DE 21,688 31,987 40,226 44,442 49,396DK 2,253 3,239 3,811 4,184 4,851EE 1 3 4 4ES 3,218 3,707 7,578 9,005 12,699FI 3,097 3,845 4,694 5,222 5,756FR 16,080 28,664 36,320 41,028 46,466GB 35,221 39,356 74,552 100,208 131,635GR 234 450 652 700HU 82 63 98 210 308IE 1,790 1,620 2,809 2,463 3,253ISIT 1,918 3,432 7,231 8,727 13,314LT 5 11LU 85 229 1,781 2,381 2,695LV 4 5 4MT 5 6 11 13 15NL 4,062 5,754 8,951 10,602 14,309NO 1,380 1,510 2,047 2,163 2,437PL 169 275 447 542 671PT 261 425 843 1,079 1,849SE 3,494 3,685 4,029 5,650 6,097SI 6 29 40 37 59SK 54 76 86 95TR 13 19 79 170 383Total CEA 104,025 142,687 214,351 260,233 320,889of which EU 96,418 130,945 199,693 242,618 300,761of which Euro 55,450 84,431 116,851 131,924 157,478of which EEA 103,516 142,021 213,275 258,658 318,768of which Others 509 666 1,075 1,575 2,121

(Sou

rce

CEA)

Benefits paid 2000 (euro million)

(euro million)

PART B


00/99 00/92 00/95

-20.0

-10.0

0.0

10.0

20.0

30.0

40.0

50.0

60.0

70.0

80.0

PT TR IT SI ES HU NL GB CY IE CEA DK NO CH FR PL MT BE LU DE SE FI AT GR CZ SK EE LV

I.2 LIFE BENEFITS


(Sou

rce

CEA)

Growth rate

Average annual rate (inflation-adjusted)

Non-inflation-adjusted (%) Inflation-adjusted (%)Country 00/99 00/92 00/95 00/99 00/92 00/95


AT 7.5 14.0 9.2 5.1 11.8 7.7BE 13.3 10.1 12.4 10.4 7.9 10.5CH 13.3 11.4 10.4 11.5 10.0 9.6CY 34.4 39.0 50.0 29.1 34.1 45.2CZ 6.1 4.2 10.1 2.1 -4.5 3.2DE 11.1 10.8 9.9 9.0 8.7 8.4DK 16.0 9.8 8.9 12.7 7.5 6.5EE -0.7 27.3 -4.5 15.5ES 41.0 21.2 29.0 36.3 17.4 25.7FI 10.2 7.3 9.2 6.7 6.0 7.5FR 13.3 13.9 10.5 11.4 12.2 9.2GB 35.0 14.5 19.8 31.2 11.9 16.7GR 7.4 26.7 4.2 20.9HU 46.7 33.1 47.9 33.6 12.8 28.5IE 32.1 8.6 14.1 25.1 5.9 11.2ISIT 52.6 29.2 29.2 48.6 25.3 26.2LTLU 13.2 54.1 65.1 9.8 50.8 62.6LV -10.7 -13.0MT 12.8 14.2 15.7 10.8 10.5 12.6NL 35.0 17.0 21.0 31.6 14.4 18.5NO 15.8 7.7 9.9 12.4 5.5 7.4PL 22.7 29.7 23.0 11.4 8.4 9.2PT 71.4 29.9 34.6 66.6 25.9 31.1SE 9.9 7.8 10.8 8.4 6.0 10.0SI 60.3 39.7 21.4 47.3 24.7 12.1SK 12.7 14.5 0.5 5.8TR 138.7 153.7 176.0 54.1 40.8 58.9Total CEA 23.3 15.1 17.6 21.4 11.5 13.4of which EU 24.0 15.2 18.1 22.1 11.6 13.7of which Euro 19.4 13.9 13.3 16.5 11.8 12.0of which EEA 23.2 15.1 17.6 21.4 11.5 13.4of which Others 35.6 18.8 26.0 15.7 6.9 13.5

PART B

(Sou

rce

CEA)


40,007

87,871

110,510

131,635

-5,000

0

5,000

10,000

15,000

20,000

25,000

30,000

GB FR DE IT NL CH ES SE BE DK FI LU NO GR PT IE AT TR PL CZ SI HU SK EE MT LV CY

I.2 LIFE BENEFITS


(Sou

rce

CEA)

(Sou

rce

CEA)

Benefits paid and allocation to provision 2000

Benefits paid and allocation to provisionsInflation-adjusted (%)

Euro 00/99 00/92 00/95Country 1992 1995 1998 1999 2000 Growth rate AverageAT 1,052 2,009 2,644 2,786 2,982 4.6 11.7 7.6BE 2,224 5,594 10,314 11,978 14,002 14.0 23.3 19.2CH 11,484 18,642 23,688 23,910 23,761 -1.2 6.3 4.3CY 21 37 57 1,404 -323CZ 215 341 388 492 563 11.5 3.4 3.6DE 44,573 64,087 76,687 83,088 87,871 3.7 6.8 5.9DK 5,772 7,111 11,412 11,338 9,653 -17.2 4.2 4.4EE 6 18 19 31 54.0 28.9ES 6,062 8,912 12,864 15,826 19,127 16.8 14.1 14.5FI 3,439 4,544 5,561 6,196 7,622 19.0 8.4 10.0FR 43,263 77,957 88,700 108,623 110,510 0.1 10.5 6.3GB 35,217 39,356 74,552 100,208 131,635 31.2 11.9 16.7GR 234 2,843 3,605 4,314 16.1 73.9HU 82 92 98 210 308 33.6 12.8 19.2IE 1,790 1,620 2,809 2,463 3,253 25.1 5.9 11.2ISIT 8,555 14,001 30,744 39,729 40,007 -1.9 19.2 18.7LT 11 15LU 372 2,990 5,027 6,592 5,633 -17.2 37.4 12.7LV 4 5 5 2.2MT 5 6 11 13 15 10.8 10.5 12.6NL 13,265 15,233 22,822 28,521 25,643 -12.4 6.1 9.6NO 2,519 3,476 4,156 4,937 5,366 8.4 8.0 6.5PL 218 514 463 556 686 11.2 5.4 -3.2PT 772 1,881 3,354 4,020 4,236 2.4 21.9 15.0SE 7,124 7,962 12,440 21,901 16,779 -23.0 10.1 15.5SI 6 90 290 356 462 20.1 61.3 34.9SK 58 78 90 99 0.7 5.2TR 234 361 968 1,360 1,714 -14.0 18.6 18.5Total CEA 188,263 277,116 393,002 480,243 515,953 5.9 10.3 10.4of which EU 173,480 253,492 362,773 446,875 483,266 6.3 10.6 10.8of which Euro 125,367 198,829 261,526 309,823 320,885 1.3 10.4 8.7of which EEA 187,484 275,610 390,617 475,722 512,393 5.9 10.3 10.4of which Others 779 1,506 2,386 4,521 3,560 -7.2 6.0 2.2

PART B


-150

-100

-50

0

50

100

150

200

250

300

350

TR GR SI EE NO DE DK SE FR CH PT NL BE IT CEA LU CZ FI ES LV GB AT HU IE SK PL MT CY

I.2 LIFE BENEFITS


(Sou

rce

CEA)

Share benefits paid and allocation to provisions in total premium

(%)Country 1992 1995 1998 1999 2000AT 46.5 57.3 64.4 57.6 55.1BE 74.2 119.2 123.9 120.0 108.9CH 118.6 117.4 108.9 115.5 115.3CY 26.6 29.6 29.8 237.2 -84.5CZ 143.7 129.4 91.2 85.5 86.7DE 129.8 136.6 146.1 141.4 144.2DK 178.3 160.3 170.6 178.0 136.7EE 195.9 136.1 160.9 158.9ES 105.3 103.2 104.6 91.4 80.5FI 105.5 87.7 78.6 76.0 81.1FR 112.1 120.0 136.6 145.5 122.3GB 62.5 72.1 70.8 66.3 67.0GR 0.0 33.5 277.8 269.0 326.6HU 67.1 47.9 27.8 46.4 46.0IE 102.3 78.5 62.1 40.5 42.8ISIT 118.3 125.6 116.1 111.6 100.6LT 75.6 68.2LU 103.6 107.5 114.9 130.2 93.5LV 32.7 39.3 74.3MT 36.5 30.4 29.7 22.4 17.5NL 116.4 102.9 117.1 139.7 111.5NO 127.3 151.8 135.9 147.9 154.3PL 78.1 92.5 35.2 31.0 31.7PT 107.8 108.8 114.5 107.0 116.7SE 143.2 164.0 161.1 194.4 131.0SI 35.3 98.2 208.1 244.6 264.3SK 88.3 51.0 45.4 38.5TR 156.1 353.8 384.5 458.9 327.9Total CEA 101.4 110.6 110.6 108.4 97.6of which EU 100.2 109.7 110.7 107.7 96.6of which Euro 115.4 119.5 126.3 126.7 113.5of which EEA 101.4 110.6 110.8 108.4 97.7of which Others 96.6 106.1 82.2 108.7 78.3

Share in life premium 2000

PART B

(Sou

rce

CEA)

©C

OM

ITÉ EUR

OPÉEN

DES A

SSUR

AN

CES

European

Insurancein

Figures,2002

92

I.3 LIFE TECH

NIC

AL R

ESULTS

I- EUR

OP

EAN

LIFE INSU

RA

NC

E

1998 Euro millionCountry Earned Investment Net Total Claims Change Bonuses Net Investment Other Investment Balance Share Non-

premium income other income incurred in other and operating charges technical return on the life in earned justifiednet of technical net of net of technical rebates expenses and charges, transferred technical premium

reinsurance income reinsurance reinsurance provisions net of unrealised net of to non- accountreinsurance losses in reinsurance technical

investments accountAT 3,783 1,988 16 5,788 2,644 1,221 974 667 3 84 195 5.2%BE 8,128 5,113 6 13,247 3,740 6,576 -55 867 245 630 152 1,092 13.4%CH 21,728 7,291 29,020 23,689 2,727 238 2,366CY 53 44 97 57 46 -16 10 18.4%CZ 419 1,687 3 2,109 263 136 2 106 1,543 5 4 49 11.7%DE 52,505 37,093 89,598 76,687 8,035 3,157 1,718 3.3%DK 6,632 7,073 -354 13,351 3,708 7,652 -507 437 385 1,036 697 -57 -0.9%EE 13 2 15 3 6 6 4 -3 -26.0%ES 12,150 4,400 292 16,842 7,790 6,863 225 824 518 94 527 4.3%FI 7,159 3,875 32 11,066 5,524 4,210 0 231 923 102 75 1.1%FR 64,747 37,355 238 102,340 37,143 23,540 26,586 5,399 6,920 664 636 1,453 2.2%GB 102,701 91,221 119,597 313,518 88,995 179,301 34 14,537 3,043 23,009 211 4,387 4.3%GR 576 386 962 419 266 2 275 47.8%HU 288 148 2 439 243 38 8 104 40 2 5 1.8%IE 4,362 4,362 2,729 621 1,012 23.2%ISIT 26,816 11,618 151 38,585 7,344 23,984 42 2,649 2,623 145 765 1,033 3.9%LTLU 4,263 938 5 5,205 4,902 -3 204 1 101 2.4%LV 10 1 11 4 4 2 1MT 36 36 3 33NL 18,616 14,209 715 33,540 22,669 82 4,033 2,647 782 832 1,197 1,298 7.0%NO 3,631 4,176 112 7,919 2,755 2,109 264 295 2,369 16 110 3.0%PL 1,280 355 28 1,664 463 708 8 336 52 6 50 40 3.1%PT 2,894 978 4 3,877 858 2,358 152 166 242 3 99 3.4%SE 8,233 18,665 78 26,975 3,236 8,410 63 697 2,294 121 17 12,137 147.4%SI 139 31 170 44 63 40 2 20 14.5%SK 149 116 265 77 20 153 14 9.5%TR 249 4 253 574 44 36 -402Total CEA 351,560 248,763 120,930 721,253 296,557 267,279 34,601 39,374 25,371 26,752 3,729 25,591 7.8%

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I.3 LIFE TECH

NIC

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ESULTS

I- EUR

OP

EAN

LIFE INSU

RA

NC

E1999 Euro millionCountry Earned Investment Net Total Claims Change Bonuses Net Investment Other Investment Balance Share Non-

premium income other income incurred in other and operating charges technical return on the life in earned justifiednet of technical net of net of technical rebates expenses and charges, transferred technical premium

reinsurance income reinsurance reinsurance provisions net of unrealised net of to non- accountreinsurance losses in reinsurance technical

investments accountAT 4,454 2,042 12 6,509 2,786 1,690 1,027 730 7 93 175 3.9%BE 9,874 5,055 6 14,935 4,255 7,734 19 963 144 570 104 1,146 11.6%CH 20,742 8,055 28,797 23,910 3,127 358 1,402CY 578 1,032 1,610 212 1,190 69 139 24.1%CZ 564 2,634 7 3,205 314 218 3 139 2,430 6 6 89 15.8%DE 58,749 41,144 99,894 83,088 10,778 4,128 1,900 3.2%DK 6,303 15,252 1,364 22,918 4,135 7,147 5,949 460 306 1,400 2,199 1,323 21.0%EE 11 2 13 4 4 5 1 -0.1 -0.6%ES 16,859 5,198 15 22,072 7,628 12,054 171 770 896 71 481 2.9%FI 8,466 4,718 410 13,593 6,158 6,038 256 909 59 174 2.1%FR 74,323 39,187 370 113,880 40,532 29,438 27,963 5,805 6,619 644 604 2,275 3.1%GB 148,219 120,531 110,669 379,418 108,487 179,634 64 18,939 3,744 63,048 781 4,721 3.2%GR 604 835 1,438 633 535 138 6 126 20.8%HUIEISIT 35,451 13,149 119 48,719 8,639 31,116 23 2,930 4,489 118 593 811 2.3%LT 21 21 11 10LU 4,987 1,956 7 6,950 6,506 11 258 2 172 3.5%LV 11 3 14 5 3 3 2 1 1 -1 -6.2%MT 48 48 4 55NL 20,414 18,790 1,727 40,931 28,412 108 5,371 2,817 848 288 1,582 1,506 7.4%NO 3,807 8,236 22 12,064 2,791 2,775 356 4,998 971 174 4.6%PL 1,743 338 59 2,140 553 937 -10 505 39 16 50 49 2.8%PT 3,714 904 3 4,621 1,117 2,843 101 177 336 3 44 1.2%SE 11,464 35,619 99 47,183 4,422 16,251 72 843 5,857 30 27 19,681 171.7%SI 142 41 183 39 75 41 5 2 19 13.4%SK 187 94 281 87 34 153 8 4.0%TR 288 642 930 375 7 108 46 394Total CEA 432,035 324,814 115,531 872,379 335,097 299,844 43,987 47,187 36,122 67,319 5,950 35,013 8.5%

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-60

.0%

-40

.0%

-20

.0%

0.0

%2

0.0

%4

0.0

%6

0.0

%

CY

LV

DK

LU

SE

NL

CH

NO

CE

A

GR

EE

DE

TR

PT

ATIT

FRSI

PLFI

ES

CZ

SK

PART B

2000 Euro millionCountry Earned Change Investment Change Net other Change Total Change Share

premium 00/99 income 00/99 technical 00/99 income 00/99 in earnednet of income net of premium

reinsurance reinsuranceAT 5,013 12.5% 2,197 7.6% 17 32.6% 7,227 11.0% 144.2%BE 3,486 -31.0% 3,486 -76.7%CH 20,632 -0.5% 7,956 -1.2% 28,588 -0.7% 138.6%CY 366 -36.6% -17 -101.7% 1 350 -78.3% 95.5%CZ 631 11.9% 3,938 49.5% 4 -44.6% 4,572 42.7% 724.8%DE 60,944 3.7% 44,676 8.6% 105,620 5.7% 173.3%DK 7,001 11.1% 7,215 -52.7% 467 -65.7% 14,683 -35.9% 209.7%EE 11 1.8% 2 16.8% 13 4.2% 121.5%ES 23,524 39.5% 7,531 44.9% 17 13.4% 31,072 40.8% 132.1%FI 9,774 15.5% 8,283 75.6% 61 -85.2% 18,118 33.3% 185.4%FR 89,457 20.4% 42,091 7.4% 488 31.9% 132,036 15.9% 147.6%GBGR 1,035 71.4% 437 -47.7% 8 1,479 2.9% 143.0%HUIEISIT 39,936 12.7% 13,918 5.8% 220 85.2% 54,074 11.0% 135.4%LTLU 5,469 9.7% 18 -99.1% 14 106.6% 5,501 -20.8% 100.6%LV 5 -56.1% 2 -29.4% 7 -50.4% 143.4%MTNL 23,005 12.7% 13,342 -29.0% 644 -62.7% 36,992 -9.6% 160.8%NO 4,225 11.0% 7,794 -5.4% 20 -8.2% 12,039 -0.2% 285.0%PL 2,101 20.5% 613 81.7% 63 6.5% 2,778 29.8% 132.2%PT 3,732 0.5% 1,263 39.7% 3 7.7% 4,998 8.2% 133.9%SE 14,531 26.7% 24,704 -30.6% 89 -10.0% 39,325 -16.7% 270.6%SI 170 20.1% 52 27.4% 222 21.8% 130.6%SK 244 30.8% 184 94.5% 2 430 52.9% 176.0%TR 503 74.2% 489 -23.9% 991 6.5% 197.2%Total CEA 312,309 14.0% 189,685 -7.1% 2,607 -46.3% 504,601 2.4% 161.6%

Growth in total income 00/99 (non-inflation-adjusted)

(Sou

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0%

30

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90

%1

20

%1

50

%

PLITSE

EESI

SK

CZ

PT

FR

ES

AT

GR

DK

CE

AFI

NO

CY

LU

LV

NL

CH

TR

DE

PART B

2000 Euro millionCountry Claims Change Share in Change in Change Bonuses Change Net Change Share in

incurred 00/99 earned other 00/99 and rebates 00/99 operating 00/99 earnednet of premium technical net of expenses premium

reinsurance provisions reinsuranceAT 2,982 7.0% 59.5% 2,052 21.4% 1,036 1.0% 778 6.5% 15.5%BECH 23,761 -0.6% 115.2% 3,387 8.3%CY 286 35.2% 78.1% -609 -151.2% 77 12.3% 21.1%CZ 282 -10.1% 44.7% 294 34.7% 3 14.2% 164 17.3% 25.9%DE 87,871 5.8% 144.2% 8,832 -18.1% 14.5%DK 4,787 15.8% 68.4% 4,803 -32.8% 2,055 -65.5% 494 7.3% 7.1%EE 4 12.1% 36.6% 2 -37.7% 5 12.7% 46.9%ES 12,812 68.0% 54.5% 12,150 0.8% 272 59.0% 790 2.6% 3.4%FI 7,481 21.5% 76.5% 6,196 2.6% 298 16.3% 3.0%FR 45,491 12.2% 50.9% 39,012 32.5% 29,545 5.7% 6,510 12.1% 7.3%GBGR 675 6.6% 65.2% 8 -98.6% 279 102.0% 27.0%HUIEISIT 13,579 57.2% 34.0% 26,957 -13.4% 51 120.3% 3,334 13.8% 8.3%LTLU 5,071 -22.1% 92.7% 16 41.2% 306 18.6% 5.6%LV 5 0.2% 103.0% -3 -207.7% 3 -9.9% 56.6%MTNL 25,388 -10.6% 110.4% 255 135.6% 2,690 -49.9% 2,960 5.1% 12.9%NO 3,298 18.2% 78.1% 2,929 5.6% 366 3.1% 8.7%PL 681 23.1% 32.4% 1,145 22.3% 3 -127.2% 681 34.9% 32.4%PT 1,872 67.5% 50.2% 2,234 -21.4% 154 53.0% 173 -2.2% 4.6%SE 5,110 15.6% 35.2% 10,681 -34.3% 55 -23.5% 992 17.6% 6.8%SI 62 58.4% 36.6% 86 14.4% 46 11.9% 27.1%SK 91 4.7% 37.2% 96 182.9% 1 88 -42.5% 36.0%TR 651 73.9% 129.6% 7 -0.4% 200 84.6% 97 110.1% 19.3%Total CEA 242,240 8.9% 77.6% 108,311 -3.7% 39,451 -10.1% 27,274 0.0% 9.4%

Share of claims incurred in earned premium (net of reinsurance)

(Sou

rce

CEA)




2000 Euro millionCountry Investment Change Other Change Investment Change Balance Change Share in Non-

charges and 00/99 technical 00/99 return 00/99 on the 00/99 earned justifiedunrealised charges, transferred life premium

losses in net of to non- technicalinvestments reinsurance technical account

accountAT 81 1092.6% 98 5.3% 199 13.5% 4.0%BE 267 85.0% 80 -22.6% 998 -12.9% 2,140CH 407 13.5% 1,033CY 605 -10 -106.9% -2.6%CZ 3,805 56.5% 7 28.8% 7 25.5% 11 -88.2% 1.7%DE 6,422 55.6% 2,495 31.3% 4.1%DK 1,021 233.9% 759 -45.8% 942 -57.2% -178 -113.4% -2.5%EE 1 116.3% 3 -3 4150.5% -24.7%ES 4,444 395.8% 100 41.0% 504 4.7% 2.1%FI 2,263 149.0% 367 521.4% 1,513 771.5% 15.5%FR 7,531 13.8% 640 -0.6% 671 11.1% 2,637 15.9% 2.9%GBGR 309 4929.4% -89 298 136.8% 28.8%HUIEISIT 7,611 69.5% 188 59.7% 876 47.7% 1,479 82.4% 3.7%LTLU 13 770.5% 95 -44.9% 1.7%LV 0.4 -81.8% 0.1 -85.9% 1 -42.7% 1 -264.5% 23.2%MTNL 964 13.8% 1,106 284.5% 1,894 19.7% 1,734 15.2% 7.5%NO 4,164 -16.7% 954 -1.7% 327 88.2% 7.7%PL 81 106.2% 12 -24.0% 86 72.0% 89 79.0% 4.2%PT 494 47.0% 4 49.7% 67 51.9% 1.8%SE 19,997 241.4% 31 2.3% 56 103.0% 2,402 -87.8% 16.5%SI 10 75.4% 1 -61.0% 18 -7.6% 10.3%SK 185 5 1 -36 -572.4% -14.6%TR 35Total CEA 60,663 87.4% 4,199 13.5% 4,614 -10.7% 14,640 -51.7% 5.0%

-30

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-10

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%1

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20

%3

0%

EE

SK

CY

DK

CZ

LU

PT

ES

FR

AT

DE

PL IT

CE

A

NL

NOSI

FI

SE

LV

GR

PART B

Share of technical result in earned premium 2000

(Sou

rce

CEA)


II.1 TOTAL NON-LIFE INSURANCE PER CLASS

II- EUROPEAN NON-LIFE INSURANCE

(Source CEA)1992 1993 1994 1995 1996 1997 1998 1999 2000 2001(*)

Total CEA 70,425 75,694 79,969 82,391 84,026 85,094 86,810 94,586 102,251 109,187of which EU 66,613 70,827 75,043 76,757 78,222 78,395 79,401 86,328 92,957 99,456


of which Others 758 1,594 1,451 1,888 2,454 3,271 3,954 4,407 5,246 5,357

(*) provisional

(Source CEA)

1992 1993 1994 1995 1996 1997 1998 1999 2000 2001(*)Total CEA 41,417 45,865 49,646 53,727 56,179 59,234 61,628 65,824 68,709 72,558of which EU 39,118 43,314 46,942 50,671 53,258 55,961 58,331 61,540 63,496 67,065of which Euro 34,472 38,450 41,684 45,309 47,056 48,711 51,122 52,869 55,159 58,075

of which EEA 41,303 45,680 49,465 53,323 55,674 58,638 60,873 64,956 67,659 71,525

of which Others 114 185 181 404 505 596 755 868 1,049 1,033

(*) provisional

Motor premium

Accident & Health

(Source CEA)

1992 1993 1994 1995 1996 1997 1998 1999 2000 2001(*)Total CEA 43,299 47,199 49,462 50,301 51,929 53,612 52,663 55,074 56,511 62,373of which EU 40,295 43,759 45,781 46,577 48,179 49,575 48,600 50,535 51,497 57,021

of which Euro 27,150 29,030 30,879 33,059 33,749 33,201 33,624 34,624 35,739 38,719

of which EEA 42,812 46,334 48,486 49,388 50,842 52,343 51,308 53,491 54,555 60,327of which Others 488 866 976 913 1,087 1,269 1,355 1,584 1,955 2,046

(*) provisional

(Source CEA)

1992 1993 1994 1995 1996 1997 1998 1999 2000 2001(*)Total CEA 12,740 15,480 16,632 17,802 18,471 19,192 19,245 20,537 20,967 22,871of which EU 11,905 14,512 15,606 16,631 17,330 17,971 17,978 19,163 19,527 21,288of which Euro 8,764 10,863 11,635 12,601 13,101 13,403 13,893 14,508 15,072 15,594

of which EEA 12,694 15,382 16,507 17,633 18,241 18,930 18,938 20,191 20,598 22,433

of which Others 46 98 124 169 230 263 307 347 369 438

(*) provisional

Property insurance

Liability

Euro million

PART B

Although between 1992 and 2001 the total shareof motor insurance in non-life insurance remainedrelatively stable in Europe, this is due above all tothe rise of this class in non-EU countries wherethe motor fleet has grown significantly.

The share of the accident-health class has ex-panded everywhere because of a relative pull-back by States from national security systems andthe growth of medical care and therefore relatedcosts.

This has been to the detriment of property insur-ance where growth has been lower (although posi-tive) often because of sharp competition on thebigger markets and MAT insurance which is on adownward curve.

Although the relative share of legal expenses in-surance has remained stable, liability insurancehas grown, as a result of increasing severity inlegislation and the appearance of new risks.

COMMENTS


II.1 TOTAL NON-LIFE INSURANCE PER CLASS


(Source CEA)


of which Euro 2,692 3,140 3,370 3,604 3,463 3,641 3,991 4,045 4,190 4,215

of which EEA 2,772 3,231 3,482 3,732 3,586 3,776 4,113 4,197 4,351 4,395of which Others 0 0.004 0.2 0.1 1.5 2.3 2.0 74 92 119

(*) provisional

(Source CEA)1992 1993 1994 1995 1996 1997 1998 1999 2000 2001(*)



of which Others 83 162 149 169 185 203 203 201 254 232

(*) provisional

Legal expenses

MAT

(Source CEA)


of which Euro 7,857 9,707 10,176 10,707 10,067 10,375 10,058 9,964 10,808 11,928

of which EEA 11,415 13,992 14,543 15,314 15,600 16,264 15,892 17,330 18,811 17,779of which Others 1,329 562 540 303 352 384 454 457 326 424

(*) provisional

(Source CEA)1992 1993 1994 1995 1996 1997 1998 1999 2000 2001(*)



of which Others 2,818 3,467 3,421 3,845 4,814 5,987 7,031 7,937 9,292 9,648

(*) provisional

Other non-life insurance

Total non-life insurance

Euro million

PART B


II.2 BREAKDOWN OF PREMIUM PER NON-LIFE CLASSES


(Source CEA)

1992 1993 1994 1995 1996 1997 1998 1999 2000 2001(*)Motor premium 70,425 75,694 79,969 82,391 84,026 85,094 86,810 94,586 102,251 109,187Accident & Health 41,417 45,865 49,646 53,727 56,179 59,234 61,628 65,824 68,709 72,558

Property insurance 43,299 47,199 49,462 50,301 51,929 53,612 52,663 55,074 56,511 62,373

Liability 12,740 15,480 16,632 17,802 18,471 19,192 19,245 20,537 20,967 22,871

Legal expenses 2,772 3,231 3,483 3,732 3,587 3,778 4,115 4,271 4,444 4,514MAT 13,614 14,482 13,825 13,071 12,837 12,787 11,701 11,425 11,968 11,985

Other non-life 12,744 14,554 15,083 15,617 15,951 16,649 16,347 17,787 19,137 18,203

Total 197,011 216,506 228,099 236,640 242,981 250,347 252,509 269,504 283,985 301,692(*) provisional

CEA countries Euro million

(Source CEA)

1992 1993 1994 1995 1996 1997 1998 1999 2000 2001(*)Motor premium 35.7 35.0 35.1 34.8 34.6 34.0 34.4 35.1 36.0 36.2Accident & Health 21.0 21.2 21.8 22.7 23.1 23.7 24.4 24.4 24.2 24.1

Property insurance 22.0 21.8 21.7 21.3 21.4 21.4 20.9 20.4 19.9 20.7

Liability 6.5 7.1 7.3 7.5 7.6 7.7 7.6 7.6 7.4 7.6

Legal expenses 1.4 1.5 1.5 1.6 1.5 1.5 1.6 1.6 1.6 1.5MAT 6.9 6.7 6.1 5.5 5.3 5.1 4.6 4.2 4.2 4.0

Other non-life 6.5 6.7 6.6 6.6 6.6 6.7 6.5 6.6 6.7 6.0

Total 100 100 100 100 100 100 100 100 100 100(*) provisional

CEA countries %

PART B




(Source CEA)



Liability 11,905 14,512 15,606 16,631 17,330 17,971 17,978 19,163 19,527 21,288

Legal expenses 2,695 3,144 3,378 3,611 3,471 3,651 4,001 4,055 4,202 4,227MAT 12,554 13,252 12,612 11,945 11,646 11,603 10,610 10,274 10,808 10,833

Other non-life 10,999 13,455 14,018 14,718 14,994 15,643 15,219 16,238 17,180 17,407


EU countries Euro million

(Source CEA)



Liability 6.5 7.2 7.3 7.5 7.6 7.7 7.7 7.7 7.5 7.7

Legal expenses 1.5 1.6 1.6 1.6 1.5 1.6 1.7 1.6 1.6 1.5MAT 6.8 6.6 5.9 5.4 5.1 5.0 4.5 4.1 4.2 3.9

Other non-life 6.0 6.7 6.6 6.7 6.6 6.7 6.5 6.5 6.6 6.3


EU countries %

PART B




(Source CEA)



Liability 834 968 1,025 1,171 1,142 1,221 1,267 1,374 1,440 1,583

Legal expenses 76 86 105 121 116 128 115 216 242 287MAT 1,061 1,230 1,213 1,126 1,191 1,185 1,091 1,150 1,160 1,152

Other non-life 1,745 1,099 1,065 899 957 1,006 1,128 1,548 1,957 796


Non-EU countries Euro million

(Source CEA)



Liability 6.5 6.8 7.0 7.4 7.2 7.0 6.9 6.4 5.9 6.5Legal expenses 0.6 0.6 0.7 0.8 0.7 0.7 0.6 1.0 1.0 1.2

MAT 8.3 8.6 8.2 7.2 7.5 6.8 5.9 5.4 4.8 4.7

Other non-life 13.6 7.7 7.2 5.7 6.0 5.7 6.1 7.2 8.0 3.3


Non-EU countries %

PART B

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1998 Euro millionCountry Earned Investment Net Total Claims Change Bonuses Net Other Change Balance Share Non-

premium income other income incurred in other and operating technical in on the in earned justifiednet of technical net of net of technical rebates expenses charges, equalisation non-life premium

reinsurance income reinsurance reinsurance provisions net of net of provision technicalreinsurance reinsurance account

AT 5,515 210 102 5,828 4,006 186 77 1,676 215 7 -339 -6.1%BE 6,825 1,810 28 8,663 5,057 50 55 2,309 196 108 889 13.0%CH 8,347 0 0 8,347 5,414 0 0 0 0 0 0 0.0% 2,933CY 112 7 1 120 68 1 0 44 0 0 7 6.6%CZ 888 13 24 925 423 1 9 211 121 41 119 13.4%DE 39,090 0 0 39,090 32,179 0 0 10,452 0 0 359 0.9% -3,900DK 4,023 230 0 4,252 3,065 -89 39 1,126 0 68 43 1.1%EE 50 0 3 53 32 1 0 24 3 0 -8 -15.6%ES 11,670 802 85 12,557 9,381 0 -28 2,821 343 10 31 0.3%FI 2,031 0 0 2,031 1,755 0 51 362 3 137 -277 -13.6%FR 37,581 4,249 435 42,265 30,814 699 481 7,822 1,392 28 1,027 2.7%GB 40,397 6,094 198 46,689 32,135 -13 24 13,790 14 -96 843 2.1% -9GR 704 0 331 1,035 667 4 0 286 2 0 75 10.7%HU 509 5 2 516 357 1 -1 179 2 0 -22 -4.3% 1IE 1,752 0 0 1,752 1,646 0 0 389 0 1 -283 -16.2%ISIT 22,910 2,528 172 25,610 19,873 5 4 6,009 651 16 -949 -4.1%LTLU 676 164 4 844 546 -22 0 173 6 15 128 18.9%LV 54 0 1 55 24 1 0 23 1 -1 6 11.2%MTNL 12,653 1,027 95 13,775 10,030 19 78 3,269 105 9 265 2.1%NO 2,449 444 0 2,893 1,977 0 0 687 0 0 230 9.4%PL 1,626 0 32 1,657 1,224 23 0 475 46 41 -152 -9.4%PT 2,344 267 12 2,623 1,790 21 9 732 7 7 58 2.5%SE 3,499 907 31 4,437 3,854 -133 73 854 11 2 -224 -6.4%SI 614 2 4 620 451 7 11 129 14 -2 9 1.4%SK 249 52 1 302 177 13 12 70 0 0 30 12.2%TR 478 0 7 485 469 12 0 56 0 0 -53 -11.1%Total CEA 207,045 18,810 1,570 227,425 167,417 786 896 53,966 3,133 391 1,812 0.9%

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1999 Euro millionCountry Earned Investment Net Total Claims Change Bonuses Net Other Change Balance Share Non-

premium income other income incurred in other and operating technical in on the in earned justifiednet of technical net of net of technical rebates expenses charges, equalisation non-life premium

reinsurance income reinsurance reinsurance provisions net of net of provision technicalreinsurance reinsurance account

AT 5,599 222 75 5,896 4,190 151 64 1,721 265 -108 -388 -6.9%BE 7,077 1,938 39 9,053 5,379 74 52 2,397 267 51 834 11.8%CH 9,473 9,473 6,822CY 113 9 122 72 1 43 6 4.9%CZ 944 12 35 991 640 15 8 238 57 8 25 2.7%DE 39,551 39,551 33,593 10,598 -620 -1.6% -4,020DK 4,013 202 4,215 3,561 -119 37 1,141 -63 -342 -8.5%EE 42 4 46 28 17 3 -2 -5.5%ES 12,248 1,067 94 13,409 10,201 66 40 2,722 309 -60 132 1.1%FI 2,024 2,024 1,794 48 394 3 83 -297 -14.7%FR 38,118 5,771 488 44,377 33,374 748 474 8,023 1,359 -577 976 2.6%GB 59,115 6,393 178 65,686 46,067 183 206 19,473 191 77 -511 -0.9%GR 746 462 1,208 871 -3 259 3 79 10.6%HUIE 2,334 2,027 409 -2,436ISIT 24,758 1,874 286 26,917 20,895 3 7 6,237 672 2 -899 -3.6%LTLU 704 128 8 840 517 37 186 3 -4 101 14.3%LV 81 2 2 85 43 36 2 -1 6 6.9%MTNL 13,496 1,022 81 14,599 10,706 7 72 3,426 52 20 315 2.3%NO 2,967 266 30 3,263 2,764 84 1 765 -351 -11.8%PL 1,908 38 1,945 1,540 20 2 562 39 1 -219 -11.5%PT 2,496 275 16 2,788 1,875 14 9 760 7 6 117 4.7%SE 5,168 906 35 6,109 6,374 128 1,219 42 3 -1,657 -32.1%SI 584 9 4 597 406 26 -7 136 11 7 19 3.2%SK 264 48 312 193 25 66 28 10.5%TR 534 10 544 496 18 69 -39 -7.3%Total CEA 234,357 20,143 1,886 254,053 194,426 1,351 1,142 60,896 3,285 -554 -2,688 -1.2%

PA

RT B


II.3 NON-LIFE TECHNICAL RESULTS


2000 Euro millionCountry Earned Change Investment Change Net other Change Total Change Share

premium 00/99 income 00/99 technical 00/99 income 00/99 in earnednet of income net of premium

reinsurance reinsuranceAT 5,728 2.3% 238 7.5% 78 3.9% 6,045 2.5% 105.5%BE 1,517 -21.7% 1,517CH 10,378 9.5% 10,378 9.5% 100.0%CY 128 12.7% 128 4.7% 100.0%CZ 887 -6.0% 12 4.7% 62 77.5% 961 -3.0% 108.4%DEDK 4,126 2.8% 334 64.9% 4,459 5.8% 108.1%EE 55 31.1% 7 61.9% 62 34.1% 113.0%ES 14,298 16.7% 948 -11.2% 127 34.3% 15,373 14.6% 107.5%FI 2,120 4.7% 2,120 4.7% 100.0%FR 39,704 4.2% 5,866 1.7% 540 10.6% 46,110 3.9% 116.1%GBGR 853 14.4% 244 182 -60.6% 1,279 5.9% 149.9%HUIEISIT 26,392 6.6% 1,887 0.7% 421 47.1% 28,700 6.6% 108.7%LTLU 798 13.4% 101 -21.3% 6 -29.9% 905 7.7% 113.3%LV 85 4.5% 3 39.4% 2 21.7% 90 5.8% 106.1%MTNL 14,317 6.1% 1,000 -2.2% 118 45.5% 15,434 5.7% 107.8%NO 3,174 7.0% 0 -100.0% 3,174 -2.7% 100.0%PL 2,235 17.2% 50 33.2% 2,286 17.5% 102.2%PT 2,807 12.4% 130 -52.9% 16 2.4% 2,953 5.9% 105.2%SE 5,946 15.0% 1,008 11.3% 336 857.5% 7,290 19.3% 122.6%SI 632 8.2% 8 -15.3% 4 10.4% 644 7.8% 101.9%SK 278 5.3% 14 -70.5% 10 302 -3.2% 108.5%TR 923 73.0% 28 169.2% 951 74.8% 103.0%Total CEA 135,865 7.6% 13,310 -1.2% 1,986 21.2% 151,160 1.6% 111.3%

-25

%-5

%1

5%

35

%5

5%

75

%

SK

CZ

NO

CE

A

AT

FR

CYFI

NL

LV

DK

GR

PTITLUSI

CH

ES

PL

SE

EE

TR

Growth in total income 2000 (non-inflation-adjusted)

PART B

(Sou

rce

CEA)




2000 Euro millionCountry Claims Change Share in Change in Change Bonuses Change Net Change Share in

incurred 00/99 earned other 00/99 and rebates 00/99 operating 00/99 earnednet of premium technical net of expenses premium

reinsurance provisions reinsuranceAT 4,514 7.7% 78.8% 145 -4.0% 68 5.3% 1,793 4.2% 31.3%BE 6,292 17.0%CH 7,412 8.6% 71.4%CY 80 11.1% 62.9% 50 15.4% 39.0%CZ 584 -8.7% 65.8% 52 239.0% 4 -46.4% 284 19.5% 32.0%DEDK 3,502 -1.7% 84.9% -59 -49.9% 45 20.5% 1,193 4.6% 28.9%EE 33 16.3% 59.8% 19 14.5% 35.4%ES 11,350 11.3% 79.4% 82 24.5% 37 -8.0% 3,079 13.1% 21.5%FI 1,819 1.4% 85.8% 56 17.3% 443 12.4% 20.9%FR 33,060 -0.9% 83.3% 971 29.8% 613 29.3% 8,469 5.6% 21.3%GBGR 673 -22.8% 78.8% 17 -640.9% 347 34.2% 40.7%HUIEISIT 21,924 4.9% 83.1% 2 -30.1% 5 -24.0% 6,262 0.4% 23.7%LTLU 619 19.6% 77.5% -2 -104.7% 228 22.6% 28.5%LV 44 3.1% 51.8% 38 4.6% 44.7%MTNL 11,532 7.7% 80.5% -26 -462.5% 45 -37.1% 3,688 7.7% 25.8%NO 2,829 2.4% 89.1% 0 -100.0% 1 -20.4% 833 8.9% 26.2%PL 1,599 3.9% 71.5% 21 6.0% 5 139.4% 651 15.8% 29.1%PT 2,270 21.1% 80.9% -10 -170.4% 10 3.0% 893 17.6% 31.8%SE 6,458 1.3% 108.6% 157 22.6% 1,313 7.7% 22.1%SI 494 21.8% 78.2% 12 -51.8% -8 14.7% 158 16.1% 25.0%SK 170 -11.9% 61.1% -1 -103.6% 15 84 26.3% 30.1%TR 697 40.6% 75.5% 36 106.6% 133 92.0% 14.4%Total CEA 117,954 4.6% 86.8% 1,241 23.1% 1,052 19.1% 29,956 6.9% 23.9%


PART B

(Sou

rce

CEA)

0%

50

%1

00

%

LV

EE

SKCY

CZ

CH

PL

TR

LUSI

AT

GR

ES

NL

PTITFR

DKFI

CE

A

NO

SE




2000 Euro millionCountry Other Change Change Change Balance Change Share in Non-

technical 00/99 in 00/99 on the 00/99 earned justifiedcharges, equalisation non-life premium

net of provision technicalreinsurance account

AT 268 1.3% -161 49.8% -582 50.0% -10.2%BE 579 -30.6% -5,354CH 2,966CY -2 -142.1% -1.8%CZ 65 14.3% -1 -116.8% -26 -202.6% -2.9%DEDK -35 -44.4% -186 -45.5% -4.5%EE 3 6.1% 7 -385.6% 12.0%ES 282 -8.6% 57 -194.5% 486 266.7% 3.4%FI 4 29.4% 104 25.4% -306 2.9% -14.4%FR 1,346 -1.0% 230 -139.9% 1,421 45.6% 3.6%GBGR 42 1319.7% 1 199 152.3% 23.3%HUIEISIT 618 -8.0% 3 18.6% -114 -87.3% -0.4%LTLU 0.1 -97.1% -8 123.1% 68 -32.5% 8.5%LV 3 75.3% 5 -13.2% 5.7%MTNL 8 -84.3% 1 -93.3% 186 -41.2% 1.3%NO -489 39.2% -15.4%PL 42 6.7% 59 4496.5% -92 -57.9% -4.1%PT 5 -22.4% 6 -10.2% -221 -289.6% -7.9%SE 36 -15.0% -2 -185.4% -670 -59.6% -11.3%SI 10 -5.0% -21 -404.3% -2 -110.8% -0.3%SK 15 2 17 -40.2% 6.0%TR 84 -317.7% 9.1%Total CEA 2,749 -2.7% 235 -134.5% 359 -123.1% 0.3%


-16%

-6%

4%

14%

24%

NOFI

SE

AT

PT

DK

PL

CZ

CYITSI

CE

A

NL

ES

FRLV

SKLU

TREE

GR

PART B

(Sou

rce

CEA)


II.4 MOTOR INSURANCE

II- EUROPEAN NON-LIFE INSURANCE(S

ourc

e CE

A)

Share of motor in non-life premium 2001 (%)

Country 1992 1995 1999 2000 2001(*) 1992 2000 2001AT 1,947 2,335 2,027 2,093 2,192 37.8 33.3 33.2BE 2,348 2,483 2,463 2,537 2,608 40.6 35.6 35.6CH 2,216 2,792 2,618 2,674 2,831 31.5 25.8 25.8CY 53 66 85 90 92 59.4 48.7 45.0CZ 88 268 617 700 812 19.9 51.4 51.4DE 18,021 23,552 19,864 20,428 21,495 34.3 27.8 27.7DK 754 908 1,134 1,194 1,250 26.5 29.0 29.1EE 22 46 55 60 66.9 65.4ES 5,929 6,208 6,585 7,987 9,015 48.7 46.8 46.9FI 617 541 769 850 889 35.7 36.2 35.5FR 10,970 13,884 14,124 14,606 15,184 35.7 35.6 35.5GB 9,520 9,299 14,983 17,068 19,232 26.3 33.3 34.0GR 291 432 698 802 802 (**) 53.5 64.0 57.6HU 259 254 386 444 559 55.6 57.0 56.2IE 782 797 1,260 1,402 1,402 (**) 53.3 52.1 52.1IS 71 65 94 119 119 (**) 43.2 51.7 51.7IT 10,868 10,698 15,863 16,899 17,899 57.3 60.6 60.4LT 40LU 142 177 211 226 235 28.6 27.1 27.2LV 65 70 70 (**) 42.3 42.3MT 19 30 42 44 47 45.0 47.5 51.1NL 2,351 3,075 3,463 3,758 3,993 23.5 22.7 22.3NO 767 888 1,139 1,255 1,424 27.3 28.4 40.4PL 0 634 2,040 2,205 2,503 67.9 66.8PT 859 1,204 1,478 1,593 1,680 49.0 48.6 48.1SE 1,213 1,164 1,407 1,514 1,578 32.0 33.4 34.7SI 192 225 251 306 34.5 37.7SK 89 193 200 200 (**) 55.1 55.1TR 341 333 670 1,186 707 54.0 51.9 44.4Total CEA 70,425 82,391 94,586 102,251 109,187 36.0 36.0 36.6of which EU 66,613 76,757 86,328 92,957 99,456 36.2 35.8 36.2of which Euro 54,834 64,955 68,106 72,378 76,595 39.0 36.5 36.9of which EEA 69,667 80,503 90,179 97,005 103,830 35.9 35.3 35.9of which Others 758 1,888 4,407 5,246 5,357 45.5 56.5 58.7

Euro million Share in non-life premium%

(*) Provisional (**) Data 2000 in 2001

10

20

30

40

50

60

70

PL EE IT GR HU SK IE IS CZ MT PT ES CY TR LV NO SI CEA BE FR FI SE GB AT DK DE LU CH NL

PART B

(Sou

rce

CEA)


01/00 92/01 95/01

-30.0

-25.0

-20.0

-15.0

-10.0

-5.0

0.0

5.0

10.0

15.0

20.0

SI ES HU GB SE NO CEA EE DE IT FI AT FR CH DK CZ NL LU MT PT BE PL CY TR



(Sou

rce

CEA)

Growth rate

Growth rate motor premium (inflation-adjusted)

Non-inflation-adjusted (%) Inflation-adjusted (%)Country 01/00(*) 01/92(*) 01/95(*) 01/00(*) 01/92(*) 01/95(*)


AT 4.8 1.3 -0.4 2.9 -0.6 -1.8BE 2.8 1.1 1.5 0.7 -0.9 -0.2CH 2.8 0.9 -0.1 2.5 -0.3 -0.8CY 2.3 6.2 5.1 -1.7 2.4 1.6CZ 6.4 26.9 18.6 2.0 16.9 11.6DE 5.2 1.9 -0.9 3.5 0.1 -2.3DK 4.3 5.5 5.8 2.4 3.3 3.5EE 8.4 18.6 4.0 8.6ES 12.9 6.7 7.2 9.9 3.4 4.4FI 4.7 3.5 9.3 3.0 2.2 7.6FR 4.0 3.4 1.8 2.7 2.0 0.6GB 10.0 5.1 6.9 9.0 2.9 4.4GRHU 16.8 20.2 19.7 9.0 2.9 5.3IEISIT 5.9 7.0 7.6 3.4 3.8 5.1LTLU 4.1 5.8 5.6 1.9 3.5 3.9LVMT 4.2 9.0 5.3 1.7 5.6 2.4NL 6.3 6.0 5.2 2.0 3.5 2.6NO 9.5 7.0 7.4 7.5 4.8 5.1PL 3.8 26.9 0.2 14.2PT 5.5 9.4 6.0 1.5 5.9 3.1SE 11.2 4.2 6.6 8.5 2.4 5.5SI 25.0 13.2 16.9 4.8SKTR 21.4 84.9 79.7 -27.4 3.4 4.1Total CEA 6.8 4.7 4.8 4.7 2.1 1.9of which EU 7.0 4.6 4.4 4.8 2.1 1.7of which Euro 5.8 3.8 2.8 3.8 1.8 1.0of which EEA 7.0 4.5 4.3 4.8 2.0 1.7of which Others 2.1 12.7 18.7 2.2 9.0 10.7

(*) Provisional

PART B

(Sou

rce

CEA)




ourc

e CE

A)

Claims expenditure Operating expensesCountry 1992 1995 1999 2000 1992 1995 1999 2000BE 2,097 2,125 2,153 947 725 754 757CH 1,543 1,926 2,056 2,008 533 625CY 31 38 49 56 17 21 26 31CZ 77DE 17,712 20,459 20,788 20,372 2,200 3,399 3,492DK 697 828 993 988ES 4,350 4,624 6,188 6,492 1,747 1,763 1,047 1,313FI 465 548 722 698 133 118 146 178FR 9,407 10,155 10,970 11,239 3,352 3,827 4,180 4,262GB 8,238 7,086 14,164 15,425 2,247 2,343 3,610 3,687GR 370 348 644 670 90 124 202 247HU 168 266 294 38IE 711 698 1,454 121 135 163IT 10,248 9,767 14,666 15,583 2,941 2,342 3,064 3,216LT 25LU 118 141 168 158 41 49 49 56LV 37 34 23 27MT 12 16 27 36 13 13NL 1,902 2,448 2,698 2,868 703 834 985 1,063NO 624 654 966 945PL 474 1,676 1,695 143 464 508PT 691 827 1,036 1,227 281 311 389 445SE 868 1,657 1,575 353 269 271SI 164 182SK 56 137 139Total CEA 60,253 63,294 83,704 82,685 15,391 17,113 18,877 16,076

Charges in motor insurance(reinsurance share included)

Euro million

Combined ratio

combined ratio in motor insurance 2000

(Sou

rce

CEA)

Country 1992 1995 1999 2000BE 129.6 114.8 118.0CH 93.7 91.4CY 90.0 90.6 88.8 95.3CZDE 110.5 101.3 122.2DKES 102.8 102.9 109.9 97.7FI 96.9 123.1 113.0 103.1FR 116.3 100.7 107.3 106.1GB 110.1 101.4 118.6 112.0GR 158.3 109.3 121.1 114.4HU 79.8IE 106.4 104.6 128.3IT 121.4 113.2 111.8 111.2LTLU 111.9 107.3 102.9 94.5LV 92.8 87.4MT 96.9 112.2NL 110.8 106.7 106.4 104.6NOPL 97.3 104.9 99.9PT 113.2 94.4 96.5 105.0SE 136.8 121.9SISKTotal CEA 112.6 103.4 114.7 107.9

PART B

(Source CEA)

0.0

20.0

40.0

60.0

80.0

100.0

120.0

140.0

SE GR MT GB IT CEA FR PT NL FI PL ES CY LU LV


0

5

10

15

20

25

30

35

40

45

50

NL CH SI DE PT AT BE FI CEA FR SE DK ES MT CY TR LV IT GB IS CZ PL EE GR HU LU SK NO

II.5 ACCIDENT AND HEALTH INSURANCE


(Sou

rce

CEA)

Share accident & health in non-life premium 2001 (%)

Country 1992 1995 1999 2000 2001(*) 1992 2000 2001AT 1,358 1,671 1,664 1,712 1,781 26.3 27.2 27.0BE 1,303 1,637 1,760 1,849 1,919 22.5 26.0 26.2CH 2,067 2,549 3,310 4,065 4,348 29.4 39.2 39.6CY 9 16 27 28 35 9.8 15.2 17.0CZ 51 53 106 96 118 11.6 7.0 7.5DE 15,529 21,528 25,168 26,129 27,191 29.6 35.6 35.1DK 341 443 740 776 807 12.0 18.8 18.8EE 1 4 5 5 5.8 5.5ES 2,228 2,648 3,143 3,282 3,606 18.3 19.2 18.8FI 396 484 627 603 641 22.9 25.7 25.6FR 6,505 8,513 9,030 9,360 9,543 21.2 22.8 22.3GB 3,773 4,263 7,077 6,627 7,264 10.4 12.9 12.8GR 27 36 45 58 58 (**) 5.0 4.6 4.1HU 13 10 27 36 41 2.8 4.6 4.1IE 42 51 119 (**) 2.8IS 15 14 19 20 20 (**) 9.1 8.6 8.6IT 2,670 2,700 3,427 3,635 3,874 14.1 13.0 13.1LT 9LU 17 22 27 29 31 3.4 3.5 3.6LV 27 22 22 (**) 13.2 13.2MT 4 7 15 16 17 8.7 16.9 18.6NL 3,912 5,459 7,106 7,575 8,431 39.1 45.8 47.0NO 103 89 87 79 92 3.7 1.8 2.6PL 69 153 171 209 5.3 5.6PT 512 596 799 986 1,058 29.2 30.1 30.3SE 505 620 808 876 861 13.3 19.3 18.9SI 168 272 302 320 41.5 39.4SK 14 14 12 12 (**) 3.3 3.3TR 38 66 215 361 254 6.0 15.8 15.9Total CEA 41,417 53,727 65,824 68,709 72,558 21.1 24.4 24.3of which EU 39,118 50,671 61,540 63,496 67,065 21.2 24.7 24.4of which Euro 34,472 45,309 52,869 55,159 58,075 24.5 28.2 27.9of which EEA 41,303 53,323 64,956 67,659 71,525 21.3 24.9 24.7of which Others 114 404 868 1,049 1,033 6.8 11.3 11.3



PART B

(Sou

rce

CEA)




(Sou

rce

CEA)

Growth rate

Growth rate accident & health premium (inflation-adjusted)



AT 4.0 3.0 1.7 2.2 1.1 0.3BE 3.8 4.4 3.4 1.7 2.3 1.6CH 3.9 6.6 8.9 3.6 5.4 8.2CY 23.8 16.5 13.5 19.0 12.3 9.7CZ 13.1 8.7 12.8 8.4 0.1 6.1DE 4.1 6.4 4.6 2.3 4.4 3.2DK 3.6 9.8 10.9 1.7 7.5 8.5EE 5.5 23.9 1.2 13.5ES 9.9 7.5 6.0 7.0 4.1 3.3FI 6.2 4.8 5.4 4.5 3.5 3.8FR 2.0 4.1 2.2 0.8 2.6 1.0GB 7.0 4.5 3.5 6.1 2.3 1.1GRHU 4.1 25.4 33.7 -2.8 7.4 17.6IEISIT 6.6 5.5 4.9 4.1 2.4 2.4LTLU 6.8 6.9 6.9 4.6 4.7 5.2LVMT 6.6 17.0 14.1 4.0 13.3 11.0NL 11.3 8.9 8.3 6.8 6.2 5.6NO 13.3 -1.3 -0.2 11.3 -3.3 -2.4PL 11.7 21.3 7.8 9.2PT 7.3 10.1 10.4 3.3 6.6 7.3SE 5.0 7.4 7.0 2.4 5.6 5.9SI 8.4 16.6 1.4 8.0SKTR 43.2 110.7 98.5 -14.4 17.9 15.0Total CEA 5.6 6.3 5.1 3.4 3.9 3.2of which EU 5.6 6.2 4.8 3.3 3.9 2.8of which Euro 5.3 6.0 4.2 3.0 4.0 3.0of which EEA 5.7 6.3 5.0 3.4 3.9 3.1of which Others -1.6 16.9 16.5 4.5 4.0 8.5

(*) Provisional

01/00 92/01 95/01

-20.0

-15.0

-10.0

-5.0

0.0

5.0

10.0

15.0

20.0

NO CZ PL ES NL GB LU FI IT MT CH CEA PT SE DE AT BE DK SI EE FR HU TR

PART B

(Sou

rce

CEA)




ourc

e CE

A)

Claims expenditure Operating expensesCountry 1992 1995 1999 2000 1992 1995 1999 2000AT 940 1,201 1,207 1,252 155 168 178 186BE 341 1,369 1,294 198 368 394CH 2,000 2,501 2,992CY 6 11 13 5 7 7CZ 37 27 34DK 459 573 593EE 1 2ES 1,533 1,926 2,233 2,565 549 619 502 458FI 471 518 522 67 86 91FR 6,390 6,359 1,978 2,309GB 3,303 4,571 4,086 1,240 2,323 2,502HU 7 11IE 21 15IT 1,982 1,808 2,230 2,280 657 811 1,034 1,093LT 2LU 7 10 11 8 9LV 11 13 6 6MT 2 3 10 11NL 4,485 6,312 6,770 750 1,032 1,132NO 79 76 69 55PL 35 69 71 23 54 60SE 502 2,370 1,684 73 70SI 100 197 232SK 10 10 7TR 5 33 183 200 4 22 34Total CEA 4,918 24,233 30,782 23,369 1,559 6,049 8,028 5,649

Euro million

Combined ratio

CEA

0

50

100

150

200

250

SE NL FI GB IT ES LV AT PL LU CY TR

combined ratio in accident & health insurance 2000

(Sou

rce

CEA)

Country 1992 1995 1999 2000AT 80.6 81.9 83.2 84.0BE 41.3 106.1 96.0CHCY 69.7 68.4 70.5CZDKEEES 93.5 96.1 87.0 92.1FI 111.2 96.3 101.6FR 98.3 96.0GB 106.6 97.4 99.4HUIE 70.0IT 98.8 97.0 95.2 92.8LTLU 64.3 72.0LV 61.5 88.6MTNL 95.9 103.3 104.3NOPL 83.5 80.6 76.6SE 302.3 200.1SISKTR 55.7 95.1 64.8Total CEA 84.1 98.3 100.9 100.8

PART B

(Source CEA)


II.6 LIABILITY INSURANCE


(Sou

rce

CEA)

Share liability in non-life premium 2001 (%)

Country 1992 1995 1999 2000 2001(*) 1992 2000 2001AT 301 386 428 448 466 5.8 7.1 7.1BE 402 467 529 550 561 6.9 7.7 7.7CH 697 914 920 961 1,011 9.9 9.3 9.2CY 4 5 9 9 18 4.4 4.7 8.7CZ 29 84 135 131 164 6.6 9.6 10.4DE 4,345 6,039 6,494 6,590 6,617 8.3 9.0 8.5DK 98 112 121 130 134 3.5 3.1 3.1EE 0.4 1 1 2 1.6 2.1ES 351 507 655 736 781 2.9 4.3 4.1FI 46 83 112 126 134 2.7 5.4 5.4FR 1,342 2,886 3,282 3,512 3,720 4.4 8.6 8.7GB 2,838 3,406 4,386 4,061 5,524 7.8 7.9 9.8GR 7 11 20 25 25 (**) 1.3 2.0 1.8HU 3 14 27 30 45 0.7 3.8 4.5IE 248 299 391 366 366 (**) 16.9 13.6 13.6IS 8 8 13 15 15 (**) 4.9 6.4 6.4IT 1,226 1,320 1,920 2,033 2,213 6.5 7.3 7.5LT 7LU 26 41 54 51 52 5.3 6.1 6.0LV 17 21 21 (**) 12.5 12.5MTNL 449 538 590 604 622 4.5 3.6 3.5NO 83 80 94 95 119 3.0 2.2 3.4PL 29 80 96 112 2.9 3.0PT 27 35 52 57 62 1.6 1.7 1.8SE 198 501 129 240 11 5.2 5.3 0.2SI 15 18 20 25 2.8 3.0SK 14 35 33 33 (**) 9.2 9.2TR 9 9 18 28 19 1.5 1.2 1.2Total CEA 12,740 17,802 20,537 20,967 22,871 6.5 7.4 7.7of which EU 11,905 16,631 19,163 19,527 21,288 6.5 7.5 7.8of which Euro 8,764 12,601 14,508 15,072 15,594 6.2 7.6 7.5of which EEA 12,694 17,633 20,191 20,598 22,433 6.5 7.5 7.8of which Others 46 169 347 369 438 2.8 4.0 4.9



0

2

4

6

8

10

12

14

IE LV CZ GB CH SK CY FR DE CEA BE IT AT IS LU FI HU ES NL NO DK SI PL EE GR PT TR SE

PART B

(Sou

rce

CEA)


01/00 92/01 95/01

-100.0

-80.0

-60.0

-40.0

-20.0

0.0

20.0

40.0

60.0

80.0

100.0

CY EE GB HU NO SI CZ CEA IT PT FR FI ES PL AT CH DK LU BE NL DE TR SE



(Sou

rce

CEA)

Growth rate

Growth rate liability premium (inflation-adjusted)



AT 4.1 4.9 3.8 2.2 2.9 2.4BE 2.0 3.8 3.8 -0.1 1.7 2.0CH 2.2 2.3 1.3 1.9 1.2 0.6CY 104.0 18.1 24.2 95.9 13.9 20.1CZ 14.9 20.0 10.3 10.1 10.6 3.7DE 0.4 4.7 2.2 -1.3 2.8 0.7DK 3.3 3.3 3.5 1.4 1.1 1.2EE 49.0 30.6 43.0 19.7ES 6.2 11.3 8.3 3.4 7.9 5.5FI 6.0 11.8 9.0 4.3 10.4 7.4FR 5.9 11.7 4.6 4.7 10.1 3.4GB 32.8 4.6 2.6 31.6 2.4 0.2GRHU 38.4 47.5 28.0 29.2 26.3 12.6IEISIT 8.8 8.1 7.7 6.3 4.9 5.1LTLU 2.5 7.9 4.9 0.4 5.7 3.2LVMTNL 3.0 3.7 3.2 -1.1 1.2 0.7NO 20.6 3.9 6.0 18.5 1.8 3.7PL 7.1 26.8 3.3 14.1PT 10.2 11.3 10.4 6.1 7.8 7.3SE -95.1 -26.5 -46.4 -95.2 -27.8 -46.9SI 24.2 14.4 16.2 5.9SKTR 40.5 85.0 81.0 -16.0 3.5 4.9Total CEA 9.1 6.6 4.2 6.5 3.8 1.3of which EU 9.0 6.7 4.2 6.7 3.9 1.3of which Euro 3.5 6.6 3.6 1.6 4.7 2.3of which EEA 8.9 6.5 4.1 6.5 3.7 1.3of which Others 18.8 20.6 16.3 13.3 12.1 7.6

(*) Provisional

PART B

(Sou

rce

CEA)




ourc

e CE

A)

Claims expenditure Operating expensesCountry 1992 1995 1999 2000 1992 1995 1999 2000AT 257 318 405 425BE 284 402 386 375 201 176 184 192CH 373 430 537 675CY 1 2 3 3 1 2 2 3DE 3,308 4,820 5,452 5,206 1,996 2,144DK 61 77 91 99EE 1ES 375 460 583 599 131 155 154 163FI 23 53 83 100 14 19 21FR 1,199 1,202 1,540 1,581 471 506 541 563GB 3,197 3,048 3,617 3,889 954 934 1,570 1,470HU 16 32IE 255 296 389 55 57 67IT 897 1,519 1,966 2,096 310 403 591 609LT 1LU 14 23 61 8 8 9 11 12LV 1 2 2 2MT 1NL 306 370 404 413 209 242 254 265NO 53 51 57 63PL 9 43 49 0 8 27 35PT 28 37 34 52 10 13 18 19SE 271 226 234 279SI 12 16 17SK 3 27 15TR 1 3 6 6Total CEA 10,903 13,360 15,953 15,985 2,350 4,514 5,586 3,355

Euro million

Combined ratio

0.0

20.0

40.0

60.0

80.0

100.0

120.0

140.0

IT GB PT NL CEA ES BE FI PL CY FR LU LV

combined ratio in liability insurance 2000

(Sou

rce

CEA)

Country 1992 1995 1999 2000ATBE 120.7 123.7 107.8 103.2CHCY 69.1 70.9 64.2 66.3DE 112.9 117.0DKEEES 143.9 121.4 112.5 103.5FI 80.2 91.6 96.0FR 124.4 59.2 63.4 61.0GB 146.3 116.9 118.3 132.0HUIE 125.0 117.8 116.6IT 98.5 145.6 133.1 133.0LTLU 82.7 77.2 133.7 40.1LV 19.0 20.8MTNL 114.7 113.7 111.5 112.4NOPL 60.0 87.7 88.0PT 140.3 144.8 98.5 126.3SESISKTRTotal CEA 128.8 107.0 108.5 106.0

PART B

(Source CEA)


0

1

2

3

4

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

II.7 LEGAL EXPENSES INSURANCE


(Sou

rce

CEA)

Share legal expenses in non-life premium 2001 (%)

Country 1992 1995 1999 2000 2001(*) 1992 2000 2001AT 177 229 265 276 127 3.4 4.4 1.9BE 25 188 215 225 229 0.4 3.2 3.1CH 76 121 142 149 169 1.1 1.4 1.5CYCZ 3 3 4 0.2 0.2DE 1,881 2,344 2,740 2,802 2,901 3.6 3.8 3.7DK 0.3 0.4 0.4 0.01 0.01EEES 209 302 111 84 90 1.7 0.5 0.5FI 23 28 31 35 1.3 1.4FR 230 271 325 369 381 0.7 0.9 0.9GBGR 3 7 10 12 12 (**) 0.5 0.9 0.8HU 0.04 0.2 0.3 0.3 0.03 0.03IEISIT 46 66 110 126 145 0.2 0.5 0.5LTLU 5 6 9 9 10 1.0 1.1 1.1LVMTNL 120 173 236 262 290 1.2 1.6 1.6NOPL 71 88 112 2.7 3.0PT 0.2 0.2 6 5 5 0.01 0.2 0.1SESI 0.1 0.2 0.3 0.3 0.04 0.04SK 0.4 1 1 (**) 0.2 0.2TR 2 0.1Total CEA 2,772 3,732 4,271 4,444 4,514 1.9 2.0 1.9of which EU 2,695 3,611 4,055 4,202 4,227 2.0 2.1 2.0of which Euro 2,692 3,604 4,045 4,190 4,215 2.0 2.1 2.0of which EEA 2,772 3,732 4,197 4,351 4,395 1.9 2.1 2.0of which Others 0.1 74 92 119 1.4 1.4



PART B

(Sou

rce

CEA)


II.7 LEGAL EXPENSES INSURANCE


(Sou

rce

CEA)

Growth rate

Growth rate legal expenses premium (inflation-adjusted)



AT -53.8 -3.6 -8.8 -54.6 -5.5 -10.0BE 1.7 27.9 4.0 -0.4 25.4 2.2CH 9.6 7.2 5.3 9.3 6.0 4.6CYCZ 19.4 14.5DE 3.7 4.9 4.3 2.0 3.0 2.8DK 0.0 -1.9EEES 7.3 -7.2 -17.7 4.5 -10.1 -19.8FI 14.2 7.7 12.4 6.0FR 3.2 5.5 6.2 2.0 4.1 4.9GBGRHU -2.9 42.1 -9.4 25.1IEISIT 15.3 15.1 12.6 12.6 11.7 9.9LTLU 3.4 7.2 8.1 1.3 5.0 6.4LVMTNL 10.9 10.3 9.8 6.4 7.6 7.1NOPL 15.9 11.9PT -3.1 46.3 68.9 -6.7 41.7 64.2SESI 12.1 32.5 4.8 22.7SKTRTotal CEA 1.6 5.2 2.8 -0.7 3.2 1.8of which EU 0.7 5.0 2.7 -1.2 3.1 1.7of which Euro 0.7 5.0 2.6 -1.2 3.1 1.7of which EEA 1.1 5.2 2.8 -0.8 3.2 1.8of which Others 26.5 30.2 11.9 23.6

(*) Provisional

01/00 92/01 95/01

-60.0

-40.0

-20.0

0.0

20.0

40.0

60.0

80.0

CZ IT FI PL CH NL SI ES FR DE LU BE CEA DK PT HU AT

PART B

(Sou

rce

CEA)


II.8 PROPERTY INSURANCE


(Sou

rce

CEA)

Share property in non-life premium 2001 (%)

Country 1992 1995 1999 2000 2001(*) 1992 2000 2001AT 1,158 1,434 1,466 1,473 1,735 22.5 23.4 26.3BE 1,250 1,403 1,425 1,447 1,502 21.6 20.3 20.5CH 1,660 2,053 2,017 2,023 2,090 23.6 19.5 19.0CY 13 21 30 33 43 14.8 17.7 20.9CZ 169 137 225 328 344 38.4 24.1 21.7DE 10,198 13,022 12,387 12,299 13,431 19.4 16.8 17.3DK 1,200 1,358 1,475 1,500 1,533 42.2 36.4 35.6EE 8 15 18 21 21.4 22.6ES 1,696 1,989 2,809 3,121 3,756 13.9 18.3 19.5FI 428 438 513 533 562 24.8 22.7 22.4FR 7,182 8,889 9,060 9,488 10,001 23.4 23.1 23.4GB 10,143 10,329 12,600 12,363 14,621 28.0 24.1 25.9GR 124 158 198 242 242 (**) 22.8 19.3 17.4HU 154 120 213 213 314 33.1 27.4 31.6IE 342 380 552 642 642 (**) 23.3 23.8 23.8IS 40 40 53 53 53 (**) 24.5 23.0 23.0IT 2,581 2,638 3,310 3,441 3,594 13.6 12.3 12.1LT 24LU 75 96 117 123 126 15.2 14.8 14.6LV 30 33 33 (**) 19.9 19.9MT 11 14 20 21 17 27.0 22.5 18.2NL 1,996 2,468 2,515 2,675 2,845 19.9 16.2 15.9NO 817 718 885 981 1,163 29.1 22.2 33.0PL 246 482 544 655 0.0 16.7 17.5PT 243 304 469 497 525 13.9 15.2 15.0SE 1,677 1,672 1,638 1,653 1,907 44.3 36.4 41.9SI 119 108 115 121 0.0 15.8 14.9SK 63 83 92 92 (**) 0.0 25.4 25.4TR 140 184 354 558 407 22.2 24.4 25.5Total CEA 43,299 50,301 55,074 56,511 62,373 22.1 19.9 20.9of which EU 40,295 46,577 50,535 51,497 57,021 21.9 19.8 20.8of which Euro 27,150 33,059 34,624 35,739 38,719 19.3 18.0 18.6of which EEA 42,812 49,388 53,491 54,555 60,327 22.0 19.9 20.9of which Others 488 913 1,584 1,955 2,046 21.0 22.4



PART B

(Sou

rce

CEA)

10

20

30

40

50

SE DK NO HU AT GB TR SK IE FR IS EE FI CZ CY CEA BE LV ES CH MT PL GR DE NL PT SI LU IT




(Sou

rce

CEA)

Growth rate

Growth rate property premium (inflation-adjusted)



AT 17.8 4.5 3.9 15.7 2.6 2.4BE 3.8 2.0 1.8 1.7 0.0 0.1CH 0.3 0.7 -0.1 0.0 -0.4 -0.7CY 31.4 13.8 12.2 26.2 9.8 8.4CZ -4.0 7.2 14.9 -7.9 -1.2 8.1DE 9.2 3.1 1.1 7.4 1.2 -0.3DK 1.8 2.5 2.4 -0.1 0.4 0.1EE 17.1 18.4 12.4 8.5ES 20.4 11.3 12.0 17.2 7.8 9.1FI 5.4 2.4 4.9 3.7 1.1 3.3FR 5.4 3.5 2.3 4.1 2.0 1.0GB 15.5 1.2 0.3 14.4 -0.9 -2.0GRHU 36.5 19.4 23.2 27.4 2.3 8.4IEISIT 4.4 5.0 4.0 2.0 1.9 1.6LTLU 2.5 5.9 5.4 0.4 3.6 3.7LVMT -21.6 2.9 0.1 -23.5 -0.3 -2.7NL 6.4 4.0 3.2 2.1 1.5 0.6NO 14.3 3.9 7.6 12.3 1.8 5.2PL 10.0 18.8 6.2 6.9PT 5.6 10.6 9.9 1.7 7.1 6.8SE 23.2 2.7 3.5 20.2 0.9 2.5SI 7.3 5.0 0.3 -2.8SKTR 48.6 91.9 80.9 -11.2 7.4 4.8Total CEA 10.4 4.0 3.6 8.2 1.1 0.5of which EU 10.7 3.9 3.4 8.6 1.1 0.4of which Euro 8.3 4.0 2.7 6.4 2.1 1.3of which EEA 10.6 3.9 3.4 8.3 1.1 0.4of which Others 4.6 9.7 14.1 4.0 0.6 6.1

(*) Provisional

PART B

(Sou

rce

CEA)

01/00 92/01 95/01

-25.0

-20.0

-15.0

-10.0

-5.0

0.0

5.0

10.0

15.0

20.0

25.0

30.0

CY SE ES AT GB EE NO CEA DE PL FR FI NL IT BE PT LU SI CH DK CZ TR MT




(Sou

rce

CEA)

(Sou

rce

CEA)

Breakdown fire & theft and other damage 2000

(%)Country 1992 1995 1999 2000Fire & Other Fire & Other Fire & Other Fire & Other

theft damage theft damage theft damage theft damageAT 46.4 53.6 43.7 56.3 37.3 62.7 35.9 64.1BE 75.7 24.3 81.9 18.1 79.7 20.3 75.6 24.4CH 62.4 37.6 61.7 38.3 29.1 70.9 29.8 70.2CYCZ 9.7 90.3 17.7 82.3 13.6 86.4DEDK 64.0 36.0 64.0 36.0 64.0 36.0 64.0 36.0EEES 15.1 84.9 12.2 87.8 4.5 95.5 4.4 95.6FI 16.0 84.0FR 56.0 44.0 51.2 48.8 50.3 49.7GBGR 77.3 22.7 74.2 25.8 75.9 24.1HU 31.4 68.6 45.3 54.7 52.2 47.8IEISIT 90.7 9.3 90.9 9.1 50.1 49.9 49.4 50.6LTLU 62.2 37.8 57.8 42.2 52.1 47.9 52.5 47.5LVMTNLNOPL 54.1 45.9 57.6 42.4PT 46.6 53.4 35.7 64.3 16.0 84.0 13.3 86.7SE 35.3 64.7 33.9 66.1 44.0 56.0 39.1 60.9SI 46.8 53.2 46.5 53.5 46.7 53.3SK 76.7 23.3 80.2 19.8TR 100.0 0.0 82.7 17.3 80.8 19.2 79.6 20.4Total CEA 62.7 37.3 60.4 39.6 49.9 50.1 48.9 51.1

PART B

Otherdamage

Fire &theft

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

SK TR GR BE DK PL LU HU FR IT CEA SI SE AT CH CZ PT ES


II.9 MAT INSURANCE


(Sou

rce

CEA)

Share MAT in non-life premium 2001 (%)

Country 1992 1995 1999 2000 2001(*) 1992 2000 2001AT 89 105 101 103 107 1.7 1.6 1.6BE 174 141 145 147 145 3.0 2.1 2.0CH 182 230 233 255 270 2.6 2.5 2.5CY 5 6 10 13 15 5.8 7.3 7.4CZ 10 11 14 0.8 0.9DE 1,481 1,629 1,610 1,636 1,700 2.8 2.2 2.2DK 181 178 107 109 108 6.3 2.6 2.5EE 1 2 2 3 3.0 3.5ES 348 332 300 347 361 2.9 2.0 1.9FI 95 117 104 113 149 5.5 4.8 5.9FR 1,226 1,611 1,144 1,176 1,311 4.0 2.9 3.1GB 7,147 5,937 5,143 5,382 5,089 19.7 10.5 9.0GR 42 53 50 62 62 (**) 7.7 5.0 4.5HU 5 8 10 13 1.2 1.3IE 7 11 22 0.5IS 30 25 26 23 23 (**) 18.2 10.2 10.2IT 820 796 604 669 682 4.3 2.4 2.3LT 6LU 204 216 211 308 322 41.0 36.9 37.2LV 2 10 10 (**) 6.1 6.1MT 6 6 6 7 5 13.7 7.1 5.4NL 501 529 490 515 535 5.0 3.1 3.0NO 766 702 690 627 627 (**) 27.3 14.2 17.8PL 53 54 55 54 1.7 1.4PT 60 58 59 62 73 3.4 1.9 2.1SE 180 231 185 179 189 4.7 3.9 4.2SI 13 10 11 12 1.5 1.5SK 5 5 5 (**) 1.3 1.3TR 72 86 89 130 102 11.4 5.7 6.4Total CEA 13,614 13,071 11,425 11,968 11,985 7.0 4.3 4.0of which EU 12,554 11,945 10,274 10,808 10,833 6.8 4.2 3.9of which Euro 5,005 5,546 4,789 5,076 5,386 3.6 2.6 2.6of which EEA 13,531 12,902 11,223 11,713 11,753 7.0 4.3 4.1of which Others 83 169 201 254 232 10.9 2.7 2.5



PART B

(Sou

rce

CEA)

0

5

10

15

20

25

30

35

40

LU NO IS GB CY TR LV FI MT GR SE CEA EE FR NL DK CH IT DE PT BE ES AT SI PL SK HU CZ


II.9 MAT INSURANCE


(Sou

rce

CEA)

Growth rate

Growth rate MAT premium (inflation-adjusted)



AT 4.1 2.0 1.0 2.3 0.1 -0.4BE -1.4 -2.0 1.2 -3.5 -4.0 -0.5CH 2.6 2.5 2.3 2.3 1.4 1.6CY 12.5 12.6 15.8 8.1 8.6 12.0CZ 12.1 7.5DE 3.9 1.5 1.3 2.2 -0.4 -0.1DK -1.5 -5.8 -7.8 -3.3 -7.8 -9.8EE 32.8 28.0 27.5 17.3ES 3.8 2.3 2.1 1.1 -0.9 -0.5FI 32.3 4.4 4.7 30.2 3.1 3.1FR 11.5 0.5 -3.1 10.2 -0.9 -4.3GB -7.7 -6.4 -7.7 -8.5 -8.4 -9.9GRHU 20.4 21.4 12.4 6.8IEISIT 2.0 -0.8 -3.7 -0.4 -3.7 -6.0LTLU 4.7 5.2 7.6 2.5 3.0 5.9LVMT -27.2 -3.2 -4.7 -29.0 -6.2 -7.3NL 4.0 0.7 0.9 -0.2 -1.7 -1.5NOPL -10.0 1.2 -13.1 -8.9PT 17.0 3.8 4.3 12.6 0.5 1.3SE 12.8 1.8 -2.0 10.1 0.0 -3.0SI 11.0 4.3 3.9 -3.4SKTR 59.5 77.2 63.0 -4.7 -0.8 -5.5Total CEA 0.1 -1.5 -1.5 -2.0 -5.0 -6.1of which EU 0.2 -1.6 -1.6 -2.1 -5.2 -6.3of which Euro 6.1 0.8 -0.5 4.0 -1.0 -1.9of which EEA 0.3 -1.5 -1.5 -2.0 -5.1 -6.1of which Others -8.7 4.4 3.1 -4.3 1.7 -4.1

(*) Provisional

PART B

(Sou

rce

CEA)

01/00 92/01 95/01

-30.0

-25.0

-20.0

-15.0

-10.0

-5.0

0.0

5.0

10.0

15.0

20.0

25.0

30.0

FI EE PT HU FR SE CY CZ SI LU CH AT DE ES NL IT CEA DK BE TR GB PL MT


III.1 GLOBAL (LIFE AND NON-LIFE)

III- DISTRIBUTION CHANNELS PART B

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

1995 1999 2000 1995 1999 2000 1995 1999 2000 1995 1999 2000 1995 1999 2000AT 45.7 36.4 34.2 0.4 3.5 4.2 12.0 18.8 19.8 37.2 38.8 38.3 4.7 2.5 3.5BE 4.4 3.0 8.7 5.7 59.2 42.7 12.1 32.6 15.6 16.0CH 95.5 91.2 90.2 0.0 0.0 0.0 4.5 8.8 9.8 0.0 0.0 0.0 0.0 0.0 0.0CYCZDEDKEEES 0.0 0.0 31.2 27.2 9.6 9.8 44.7 46.8 14.6 16.2FIFR 24.0 23.0 22.0 22.0 17.0 16.0 12.0 12.0 11.0 37.0 43.0 46.0 5.0 5.0 5.0GB 23.0 23.0 13.0 9.0 50.0 56.0 12.0 9.0 2.0 3.0GRHUIEISIT 13.8 6.9 7.0 57.2 53.2 52.2 7.2 3.7 3.2 21.8 36.2 37.6 0.0 0.0 0.0LTLULVMTNL 25.0 25.0 55.0 55.0 0.0 0.0 15.0 15.0 5.0 5.0NOPLPT 8.2 8.0 8.7 33.4 30.8 33.1 7.7 7.0 7.6 45.3 51.1 47.8 5.4 3.1 2.8SESI 60.0 60.0 25.0 26.0 5.0 4.0 10.0 10.0SK 69.2 34.1 28.0 11.0 11.2 10.5 19.8 54.7 61.5 0.0 0.0 0.0 0.0 0.0 0.0TR 15.0 22.0 23.0 73.0 64.0 63.0 0.0 0.0 0.0 12.0 14.0 14.0 0.0 0.0 0.0

(Sou

rce

CEA)

(Sou

rce

CEA)


2000 2000 2000 2000 2000ES 0.0 27.2 9.8 46.8 16.2IT 7.0 52.2 3.2 37.6 0.0PT 8.7 33.1 7.6 47.8 2.8FR 22.0 16.0 11.0 46.0 5.0TR 23.0 63.0 0.0 14.0 0.0NL 25.0 55.0 0.0 15.0 5.0SK 28.0 10.5 61.5 0.0 0.0AT 34.2 4.2 19.8 38.3 3.5SI 60.0 26.0 4.0 10.0CH 90.2 0.0 9.8 0.0 0.0


III.2 LIFE

III- DISTRIBUTION CHANNELS


1995 1999 2000 1995 1999 2000 1995 1999 2000 1995 1999 2000 1995 1999 2000AT 39.2 26.4 25.8 0.4 3.9 4.1 10.7 15.1 15.7 47.6 52.0 51.6 2.2 2.5 2.9BE 7.3 3.6 6.0 3.4 43.5 26.6 24.3 50.0 18.9 16.4CHCYCZDEDKEEES 0.0 0.0 17.7 14.2 2.7 2.7 73.1 72.2 6.5 10.9FI 98.0 97.0 0.0 0.0 2.0 2.0 0.0 0.0 0.0 1.0FR 19.0 17.0 16.0 12.0 9.0 8.0 7.0 9.0 9.0 56.0 60.0 61.0 6.0 5.0 6.0GB 23.4 25.0 17.2 5.8 2.5 4.0 51.6 62.2 64.9 17.4 8.1 10.2 1.8 2.2 3.7GRHUIE 25.5 19.0 24.0 18.0 21.0 15.0 52.5 55.0 57.0 0.0 0.0 0.0 4.0 5.0 4.0ISIT 18.6 9.2 8.6 43.9 27.2 27.0 2.1 1.2 0.9 35.4 62.4 63.5 0.0 0.0 0.0LTLULVMTNL 14.0 14.0 52.0 52.0 0.0 0.0 21.0 21.0 13.0 13.0NOPLPT 6.2 3.5 5.4 20.9 12.3 10.8 2.0 0.7 0.7 69.4 82.5 82.3 1.5 1.0 0.9SE 32.0 28.0 28.0 0.0 0.0 0.0 29.0 19.0 19.0 29.0 45.0 45.0 10.0 8.0 8.0SI 48.0 48.0 30.0 31.0 9.0 8.0 13.0 13.0 0.0 0.0SK 19.0 13.4 18.0 14.7 63.0 71.9 0.0 0.0 0.0 0.0TR 10.0 30.0 31.0 90.0 54.0 53.0 0.0 0.0 0.0 0.0 16.0 16.0 0.0 0.0 0.0

(Sou

rce

CEA)

(Sou

rce

CEA)


2000 2000 2000 2000 2000ES 0.0 14.2 2.7 72.2 10.9PT 5.4 10.8 0.7 82.3 0.9IT 8.6 27.0 0.9 63.5 0.0SK 13.4 14.7 71.9 0.0 0.0NL 14.0 52.0 0.0 21.0 13.0FR 16.0 8.0 9.0 61.0 6.0GB 17.2 4.0 64.9 10.2 3.7IE 24.0 15.0 57.0 0.0 4.0AT 25.8 4.1 15.7 51.6 2.9SE 28.0 0.0 19.0 45.0 8.0TR 31.0 53.0 0.0 16.0 0.0SI 48.0 31.0 8.0 13.0 0.0FI 97.0 0.0 2.0 0.0 1.0

PART B


III.3 NON-LIFE

III- DISTRIBUTION CHANNELS PART B


1995 1999 2000 1995 1999 2000 1995 1999 2000 1995 1999 2000 1995 1999 2000AT 67.2 63.3 56.6 0.5 2.5 4.4 16.3 28.5 30.8 3.1 3.4 3.1 12.8 2.3 5.2BE 2.3 2.2 10.6 8.9 70.4 65.9 3.4 7.4 13.3 15.6CHCYCZDEDKEEES 0.0 0.0 0.0 0.0 50.5 48.8 0.0 19.3 21.6 0.0 4.3 4.4 0.0 25.9 25.2FIFR 33.0 37.0 37.0 40.0 35.0 35.0 20.0 17.0 17.0 5.0 8.0 8.0 2.0 3.0 3.0GB 22.0 21.0 19.0 18.0 49.0 47.0 8.0 11.0 2.0 3.0GRHUIEISIT 5.1 3.8 4.7 78.6 81.0 79.4 15.8 14.7 15.1 0.5 0.5 0.8 0.0 0.0 0.0LTLULVMTNL 32.0 32.0 53.0 53.0 0.0 0.0 11.0 11.0 4.0 4.0NOPLPT 13.1 14.2 12.4 58.4 56.8 57.8 15.9 16.0 15.3 2.8 7.0 9.6 9.8 6.0 5.0SESI 78.0 79.0 17.0 16.0 3.0 3.0 2.0 2.0 0.0 0.0SK 44.5 41.5 6.5 6.5 49.0 52.0 0.0 0.0 0.0 0.0TR 0.0 18.0 19.0 70.0 71.0 67.0 0.0 0.0 0.0 30.0 11.0 14.0 0.0 0.0 0.0

(Sou

rce

CEA)

(Sou

rce

CEA)


2000 2000 2000 2000 2000ES 0.0 48.8 21.6 4.4 25.2IT 4.7 79.4 15.1 0.8 0.0PT 12.4 57.8 15.3 9.6 5.0TR 19.0 67.0 0.0 14.0 0.0NL 32.0 53.0 0.0 11.0 4.0FR 37.0 35.0 17.0 8.0 3.0SK 41.5 6.5 52.0 0.0 0.0AT 56.6 4.4 30.8 3.1 5.2SI 79.0 16.0 3.0 2.0 0.0

Summary


PART CCOUNTRY GUIDE

I- COUNTRY GUIDE 2000 128

II- COUNTRY GUIDE 2001 129

©C

OM

ITÉ EUR

OPÉEN

DES A

SSUR

AN

CES

European

Insurancein

Figures,2002

128 I- CO

UN

TRY

GU

IDE 2000

PA

RT C

2000Country Number of Number of Premium income Life premium income Non-life premium income Investments

companies employeesNational currency Euro National currency Euro National currency Euro National currency Euro

Amount million million million million million million million millionAT 77 28,530 161,082 11,706 74,529 5,416 86,553 6,290 671,393 48,792BE 207 24,898 808,034 20,031 520,760 12,909 287,274 7,121 4,127,855 102,327CH 144 49,366 47,324 30,979 31,472 20,602 15,852 10,377 373,155 244,275CY 38 1,607 326 568 219 382 107 186 1,048 1,828CZ 41 16,112 70,589 2,013 22,770 649 47,819 1,364 141,624 4,039DE 769 240,200 262,737 134,335 119,196 60,944 143,541 73,391 1,703,853 871,166DK 260 13,600 83,607 11,200 52,818 7,076 30,789 4,125 1,023,750 137,145EE 14 1,669 1,594 102 304 19 1,290 82 1,530 98ES 354 44,640 6,796,990 40,851 3,960,000 23,800 2,836,990 17,051 13,459,979 80,896FI 65 11,300 69,848 11,748 55,898 9,401 13,950 2,346 448,692 75,465FR 527 135,100 861,447 131,327 592,500 90,326 268,947 41,001 5,618,100 856,474GB 822 229,800 154,489 247,658 122,468 196,326 32,021 51,332 1,021,380 1,637,352GR 110 9,500 876,596 2,573 450,078 1,321 426,518 1,252 1,684,483 4,943HU 22 27,478 384,090 1,449 177,634 670 206,456 779 626,399 2,363IE 163 11,320 8,107 10,294 5,986 7,601 2,121 2,693 36,342 46,145IS 13 600 19,511 248 1,413 18 18,098 230IT 252 42,264 131,005,755 67,659 77,032,785 39,784 53,972,970 27,875 470,971,200 243,236LT 32LU 93 2,268 276,797 6,862 243,104 6,026 33,693 835 966,895 23,969LV 25 1,587 96 172 4 7 92 166 79 143MT 23 1,106 71 175 34 83 38 92NL 469 48,468 87,149 39,546 50,691 23,003 36,458 16,544 572,791 259,921NO 82 9,300 65,083 7,886 28,618 3,468 36,465 4,419 476,994 57,800PL 65 32,764 20,834 5,413 8,332 2,165 12,502 3,248 32,610 8,472PT 88 13,604 1,416,357 7,065 759,722 3,789 656,635 3,275 4,495,425 22,423SE 482 19,085 153,365 17,343 113,255 12,808 40,110 4,536 1,963,738 222,072SI 14 4,799 192,866 903 37,361 175 155,505 728 279,143 1,307SK 29 7,783 27,322 621 11,347 258 15,975 363 42,947 976TR 63 10,302 1,751,525,000 2,807 326,197,000 523 1,425,328,000 2,284 1,972,194,877 3,161Total CEA 5,343 1,039,050 813,535 529,550 283,985 4,956,788of which EU 4,738 874,577 760,198 500,531 259,667 4,632,326of which Euro 3,064 602,592 481,423 283,001 198,423 2,630,814of which EEA 4,977 933,843 799,311 524,619 274,693 4,934,402of which Others 366 105,207 14,223 4,931 9,292 22,387

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2001 (estimate)Country Number of Number of Premium income Life premium income Non-life premium income Investments

companies employeesNational currency Euro National currency Euro National currency Euro National currency Euro

Amount million million million million million million million millionAT 80 29,276 171,715 12,479 80,856 5,876 90,859 6,603 749,207 54,447BE 202 25,270 842,258 20,879 546,807 13,555 295,451 7,324 4,334,248 107,443CH 150 49,000 49,100 33,097 32,800 22,110 16,300 10,988 345,000 232,558CY 34 1,650 261 453 143 248 118 205 874 1,519CZ 43 15,131 79,222 2,463 28,362 882 50,860 1,581DE 706 240,200 272,514 139,334 120,984 61,858 151,530 77,476 1,860,000 951,003DK 260 13,600 88,000 11,830 56,000 7,528 32,000 4,302 1,045,000 140,483EE 14 1,623 1,787 114 356 23 1,430 91 2,077 133ES 350 44,000 7,000,000 42,071 3,800,000 22,838 3,200,000 19,232 15,300,000 91,955FI 67 11,700 69,807 11,741 54,913 9,236 14,894 2,505 410,000 68,957FR 527 136,400 825,600 125,862 545,100 83,100 280,500 42,762 5,826,000 888,168GB 815 228,300 165,975 272,537 131,539 215,992 34,436 56,545 987,000 1,620,690GR 102 9,300 911,000 2,674 437,000 1,282 474,000 1,391 1,756,000 5,153HU 23 29,387 416,007 1,693 171,755 699 244,252 994 666,100 2,710IEIS 13 600IT 256 42,500 142,374,753 73,530 85,031,325 43,915 57,343,428 29,615 544,971,000 281,454LTLU 2,300 294,940 7,311 260,000 6,445 34,940 866 1,031,000 25,558LVMT 23 1,056 69 172 32 81 36 91NL 460 50,000 95,880 43,508 56,350 25,571 39,530 17,938 576,900 261,786NO 96 60,086 7,548 32,000 4,020 28,086 3,528 491,000 61,676PL 71 32,707 22,300 6,335 9,100 2,585 13,200 3,750 42,628 12,110PT 88 13,500 1,612,938 8,045 912,040 4,549 700,898 3,496 5,260,000 26,237SE 461 18,000 157,265 16,657 114,318 12,108 42,947 4,549 2,008,000 212,683SI 14 5,000 224,946 1,028 47,190 216 177,756 812 340,000 1,554SKTR 62 10,003 2,491,781,531 1,962 466,208,783 367 2,025,572,748 1,595 4,230,326,093 3,331Total CEA 4,917 1,010,503 843,324 545,084 298,240 5,051,607of which EU 4,374 864,346 788,459 513,854 274,605 4,736,016of which Euro 2,736 595,146 484,761 276,943 207,818 2,757,007of which EEA 4,633 913,946 829,104 539,984 289,120 5,030,250of which Others 284 96,557 14,220 5,100 9,119 21,356


Summary

PART DEUROPEAN INSURANCE IN THE WORLD

I- SHARE IN WORLDWIDE PREMIUM 131

I.1 Total premium income 85 to 2000 132I.2 Share in total 85 to 2000 133

II- BREAKDOWN OF WORLDWIDEPREMIUM 134


COMMENTS

I- SHARE IN WORLDWIDE PREMIUM PART D

The figures published by Swiss Re Sigma coveralmost all world markets.

A comparison between the different geographiczones shows a slight drop in the share realisedfor all other zones in favour of North Americawhich represents 37.3% of a regularly growingmarket since 1995.

Europe is the region where the drop has been thebiggest; it represents however 31.9% of the mar-ket, the European Union alone representing29.5%.

Asia, after the sharp recession of 1998, has notregained lost ground and represents 26.5% of thetotal, far from its best performance in 1995(35.2%).


I.1 TOTAL PREMIUM INCOME

I- SHARE IN WORLDWIDE PREMIUM

USD billion1985 1987 1989 1991 1993 1995 1996 1998 1999 2000

Europe (*) 164 339 375 469 491 643 675 711 765 780Asia 124 270 311 372 628 756 647 572 628 647

North America 318 430 483 521 600 661 689 780 842 912

Others 26 32 42 53 84 88 95 104 103 105

Total 632 1,071 1,211 1,415 1,803 2,148 2,106 2,166 2,337 2,444

(Source SWISS RE)

PART D

Europe (*) = western and CEEC


0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

110.0%

1985 1987 1989 1991 1993 1995 1996 1998 1999 2000

Others

North America

Asia

Europe (*)

I.2 SHARE IN TOTAL

I- SHARE IN WORLDWIDE PREMIUM

Share in worldwide premium

PART D

(Sou

rce

CEA)

%1985 1987 1989 1991 1993 1995 1996 1998 1999 2000

Europe (*) 25.9% 31.7% 31.0% 33.1% 27.2% 29.9% 32.1% 32.8% 32.7% 31.9%

Asia 19.6% 25.2% 25.7% 26.3% 34.8% 35.2% 30.7% 26.4% 26.9% 26.5%North America 50.3% 40.1% 39.9% 36.8% 33.3% 30.8% 32.7% 36.0% 36.0% 37.3%

Others 4.1% 3.0% 3.5% 3.7% 4.7% 4.1% 4.5% 4.8% 4.4% 4.3%

Total 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%

(Source SWISS RE)

Europe (*) = western and CEEC

Europe (*)

31.9%

North America

37.3%

Others

4.3%

Asia

26.5%

Share in worldwide premium 2000


II. BREAKDOWN OF WORLDWIDE PREMIUM

II- SHARE IN WORLDWIDE PREMIUM PART D

FOR GLOBAL ACTIVITIES (IN USD MILLION)Country 2000 Share in totalUnited States 865,327 35.4%European Union 721,355 29.5%Japan 504,005 20.6%

South Korea 58,348 2.4%

Canada 46,587 1.9%Australia 35,739 1.5%

Switzerland 29,949 1.2%

Taïwan 22,790 0.9%

South Africa 21,167 0.9%China 19,278 0.8%

Brazil 12,554 0.5%

India 9,933 0.4%

Mexico 9,866 0.4%Hong-Kong 7,898 0.3%

Norway 7,514 0.3%

Argentina 7,090 0.3%

Israël 6,125 0.3%

(Source CEA)

FOR LIFE INSURANCE (IN USD MILLION)Country 2000 Share in totalEuropean Union 470,417 30.9%United States 442,373 29.1%

Japan 401,484 26.4%

South Korea 44,236 2.9%

Canada 23,257 1.5%Australia 22,941 1.5%


South Africa 17,618 1.2%

Taïwan 15,715 1.0%China 12,049 0.8%

India 7,595 0.5%

Hong-Kong 6,069 0.4%

Mexico 4,957 0.3%Norway 3,279 0.2%

Israël 3,190 0.2%

Singapore 2,942 0.2%

Russia 2,834 0.2%

FOR NON-LIFE (IN USD MILLIONS)Country 2000 Share in totalUnited States 422,954 45.9%European Union 250,938 27.2%

Japan 102,521 11.1%

Canada 23,330 2.5%

South Korea 14,112 1.5%Australia 12,798 1.4%


Brazil 10,412 1.1%

China 7,228 0.8%Taïwan 7,075 0.8%

Mexico 4,910 0.5%

Argentina 4,424 0.5%

Norway 4,235 0.5%South Africa 3,549 0.4%

Russia 3,238 0.4%

Poland 2,876 0.3%

Turkey 2,318 0.3%

As was the case last year, it is important to high-light the reality of the European Union’s “SingleInsurance Market” compared with the world’sother main insurance markets. Since the degreeof harmonisation of operations and the incorpo-ration of insurance activities throughout the Eu-ropean Union is larger than in some other regionalzones based on agreements, the following tablesrepresent an economic reality that is somewhatundervalued.

The three biggest direct insurance markets repre-sent 85.5% of worldwide activity for the industry,86.4% in life insurance and 84.2% in non-life.

COMMENTS


II. BREAKDOWN OF WORLDWIDE PREMIUM

I- SHARE IN WORLDWIDE PREMIUM PART D

FOR GLOBAL ACTIVITIES (IN USD MILLION)Country 2000 Share in totalGB 236,960 9.7%

DE 123,722 5.1%FR 121,909 5.0%

IT 63,062 2.6%

NL 36,450 1.5%

ES 37,617 1.5%BE 20,519 0.8%

SE 17,874 0.7%

IE 16,551 0.7%

AT 10,741 0.4%FI 11,345 0.5%

DK 10,332 0.4%

PT 6,605 0.3%

LU 5,323 0.2%GR 2,345 0.1%

Total E.U. 721,355 29.5%CH 29,949 1.2%

NO 7,514 0.3%PL 4,794 0.2%

TR 2,840 0.1%

CZ 1,829 0.1%HU 1,361 0.1%

CY 524 0.0%

SI 866 0.0%

SK 592 0.0%IS 260 0.0%

Rest of CEA 50,529 2.1%

USA 865,327 35.4%

JAPAN 504,005 20.6%Rest of the W. 302,457 12.4%

World 2,443,673 100%

(Source CEA)

FOR LIFE INSURANCE (IN USD MILLION)Country 2000 Share in totalGB 179,742 11.8%

DE 56,257 3.7%FR 84,761 5.6%

IT 36,679 2.4%

NL 21,596 1.4%

ES 21,905 1.4%BE 12,963 0.9%

SE 13,500 0.9%

IE 13,030 0.9%

AT 4,965 0.3%FI 9,030 0.6%

DK 6,527 0.4%

PT 3,544 0.2%

LU 4,664 0.3%GR 1,254 0.1%

Total E.U. 470,417 30.9%CH 18,625 1.2%

NO 3,279 0.2%PL 1,918 0.1%

TR 522 0.0%

CZ 590 0.0%HU 632 0.0%

CY 353 0.0%

SI 168 0.0%

SK 246 0.0%IS 17 0.0%

Rest of CEA 26,350 1.7%

USA 442,373 29.1%


World 1,521,253 100%

FOR NON-LIFE (IN USD MILLIONS)Country 2000 Share in totalGB 57,218 6.2%

DE 67,465 7.3%FR 37,148 4.0%

IT 26,383 2.9%

NL 14,854 1.6%

ES 15,712 1.7%BE 7,556 0.8%

SE 4,374 0.5%

IE 3,521 0.4%

AT 5,776 0.6%FI 2,315 0.3%

DK 3,805 0.4%

PT 3,061 0.3%

LU 659 0.1%GR 1,091 0.1%

Total E.U. 250,938 27.2%CH 11,324 1.2%

NO 4,235 0.5%PL 2,876 0.3%

TR 2,318 0.3%

CZ 1,239 0.1%HU 729 0.1%

CY 171 0.0%

SI 698 0.1%

SK 346 0.0%IS 243 0.0%

Rest of CEA 24,179 2.6%

USA 422,954 45.9%


World 922,420 100%

Summary


PART E ANNEXES

527769

815

0

50

100

150

200

250

300

350

400

450

500


0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

1993 1994 1995 1996 1997 1998 1999 2000 2001

EU

Outside EU

I- ECONOMIC DATA 138

I.1 Exchange rate 92 to 2001 138

I. 2 GDP 92 to 2001 139

I. 3 Population 92 to 2001 140

I.4 Inflation 92 to 2001 141

II- INSURANCE DATA 142

II.1 Number of companies 92 to 2001 142

II.2 Number of employees 92 to 2001 143

II.3 Total premium(national currency million) 92 to 2001 144

II.4 Total life premium(national currency million) 92 to 2001 145

II.5 Total non-life premium(national currency million) 92 to 2001 146

II.6 Total investments(national currency million) 92 to 2001 147

II.7 Total life investments(national currency million) 92 to 2001 148

II.8 Total non-life investments(national currency million) 92 to 2001 149

II.9 Total life provisions(national currency million) 92 to 2001 150

II.10 Total non-life provisions(national currency million) 92 to 2001 151

II.11 Motor premium(national currency million) 92 to 2001 152

II.12 Accident and health premium(national currency million) 92 to 2001 153

II.13 Liability premium(national currency million) 92 to 2001 154

II.14 Legal expenses premium(national currency million) 92 to 2001 155

II.15 Property premium(national currency million) 92 to 2001 156

II.16 MAT premium(national currency million) 92 to 2001 157

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I.1 EXC

HA

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1 euro =Country 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001

end of Dec. end of Dec. end of Dec. end of Dec. end of Dec. end of Dec. end of Dec. end of Dec. end of Dec. end of Dec.AT 13.8187 13.6110 13.4020 13.2583 13.6882 13.9096 13.7603 13.7603 13.7603 13.7603BE 40.4532 40.2657 39.1530 38.6974 40.0786 40.7806 40.3399 40.3399 40.3399 40.3399CH 1.7558 1.6542 1.6114 1.5173 1.6895 1.6040 1.6078 1.5134 1.5276 1.4835CY 0.5871 0.5805 0.5859 0.6005 0.5882 0.5803 0.5818 0.5724 0.5736 0.5753CZ 34.9311 33.6030 34.6286 34.9551 34.1388 38.2086 35.1939 34.5820 35.0600 32.1680DE 1.9646 1.9359 1.9047 1.8843 1.9454 1.9768 1.9558 1.9558 1.9558 1.9558DK 7.6110 7.5508 7.4810 7.2910 7.4424 7.5312 7.4488 7.4583 7.4647 7.4386EE 15.3392 15.4329 15.1399 15.5630 15.8113 15.5631 15.6486 15.6466 15.6466ES 140.92 158.98 161.84 159.44 163.92 167.33 168.75 166.39 166.39 166.39FI 6.3019 6.4622 5.8163 5.7343 5.8130 5.9895 5.9457 5.9457 5.9457 5.9457FR 6.6993 6.5742 6.5835 6.4458 6.5625 6.6135 6.5596 6.5596 6.5596 6.5596GB 0.7882 0.7561 0.7877 0.8452 0.7399 0.6662 0.7055 0.6069 0.6238 0.6090GR 259.25 278.44 295.13 312.21 309.48 312.00 329.69 340.48 340.75 340.75HU 101.59 112.79 136.11 183.37 206.25 224.95 252.39 264.97 265.10 245.78IE 0.7417 0.7918 0.7950 0.8184 0.7472 0.7716 0.7876 0.7876 0.7876 0.7876IS 78.5843 81.2538 84.0122 85.6335 85.6233 79.5149 81.2993 75.8600 78.6800 89.9500IT 1,730.32 1,908.39 1,995.60 2,082.67 1,911.74 1,940.65 1,936.27 1,936.27 1,936.27 1,936.27LT 4.3746 4.8980 5.3611 4.9734 4.4126 4.6670 3.4600 3.7140 3.5292LU 40.4532 40.2657 39.1530 38.6974 40.0786 40.7806 40.3399 40.3399 40.3399 40.3399LV 0.6712 0.6774 0.7067 0.6995 0.6498 0.6615 0.5301 0.5551 0.5568MT 0.4496 0.4368 0.4527 0.4618 0.4505 0.4327 0.4416 0.3972 0.4071 0.3996NL 2.2071 2.1658 2.1331 2.1094 2.1835 2.2279 2.2037 2.2037 2.2037 2.2037NO 8.0286 8.3835 8.3186 8.3163 8.0657 8.1142 8.8714 8.0280 8.2525 7.9610PL 1.9031 2.3685 2.9829 3.3323 3.5648 3.8738 4.0895 3.8798 3.8490 3.5202PT 174.81 196.67 195.92 196.98 195.85 202.23 200.48 200.48 200.48 200.48SE 8.4526 9.3019 9.1216 8.7439 8.5859 8.7176 9.4880 8.6830 8.8428 9.4413SI 150.00 144.84 157.55 165.51 177.04 185.01 188.81 212.22 213.60 218.81SK 36.5000 37.1770 38.6449 39.2098 39.8382 38.3697 42.2089 42.9420 43.9900 42.8550TR 10,464 16,088 47,090 80,156 134,025 226,416 365,748 590,233 624,000 1,270,000US 1.11997 1.22449 1.31400 1.24904 1.10315 1.16675 0.86500 0.92850 0.88230

(Source European commission)

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I.2 GD

P(Source OECD)Country 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001

National currency millionAT 2,047,249 2,117,800 2,262,917 2,375,200 2,453,200 2,511,100 2,613,600 2,706,100 2,818,700 2,886,349BE 7,044,568 7,136,147 7,478,682 8,132,000 8,328,000 8,772,000 9,112,000 9,502,000 10,018,000 10,388,666CH 338,765 349,800 357,460 363,330 365,830 371,370 379,990 388,570 404,390 416,926CY 3,103 3,275 3,651 3,990 4,135 4,335 4,650 4,859 5,093 5,337CZ 791,000 910,600 1,148,600 1,381,100 1,572,300 1,679,900 1,837,100 1,887,300 1,959,600 2,147,722DE 3,075,600 3,159,500 3,325,400 3,523,100 3,586,500 3,660,600 3,773,600 3,861,200 3,961,600 4,001,216DK 851,252 874,310 965,720 1,009,760 1,060,890 1,116,320 1,169,000 1,229,590 1,315,530 1,372,098EE 13,158 22,060 30,268 40,705 52,446 64,044 73,325 75,360 85,441 95,779ES 59,081,200 60,953,000 64,812,000 72,842,000 77,245,000 82,218,000 87,845,000 94,088,000 101,294,000 108,080,698FI 476,778 482,397 510,990 561,390 585,870 635,530 689,520 716,370 780,260 795,865FR 7,010,540 7,077,100 7,389,700 7,752,400 7,951,400 8,207,100 8,565,800 8,856,500 9,226,900 9,577,522GB 595,338 630,880 676,040 712,550 756,060 811,070 958,810 901,270 944,720 989,122GR 18,678,039 21,106,183 23,755,806 26,486,057 30,162,914 32,925,002 35,743,656 37,066,171 38,326,421 39,974,457HU 2,942,700 3,548,300 4,364,700 5,689,300 6,893,900 8,540,700 10,087,400 11,500,000 11,983,000 12,606,116IE 31,529 34,054 36,624 41,409 45,725 52,781 60,729 70,116 81,489 90,860IS 397,833 410,860 434,524 446,691 481,533 513,314 535,899 563,230 587,449 616,822IT 1,504,003,000 1,550,300,000 1,638,700,000 1,787,300,000 1,902,300,000 1,987,200,000 2,077,400,000 2,145,000,000 2,257,100,000 2,354,155,300LT 3,387 11,108 16,981 23,829 31,569 38,341 42,990 42,655 45,254 47,245LU 407,935 458,110 487,430 515,700 561,202 609,659 646,485 702,369 762,071 819,226LV 1,005 1,467 2,043 2,349 2,829 3,276 3,590 3,897 4,333 4,849MTNL 566,100 581,500 614,300 666,000 694,300 735,400 780,500 823,400 883,900 940,470NO 784,296 823,340 867,560 928,750 1,016,590 1,096,170 1,114,830 1,197,460 1,423,860 1,442,370PL 114,944 164,025 227,011 306,691 389,435 477,681 581,755 634,694 660,082 686,485PT 12,828,682 13,210,000 14,628,900 15,802,100 17,358,000 18,706,000 20,313,000 21,695,000 23,107,000 24,632,062SE 1,441,723 1,446,200 1,531,100 1,713,300 1,756,400 1,823,800 1,905,300 2,004,700 2,098,500 2,157,258SI 1,017,965 1,435,095 1,852,997 2,221,459 2,555,400 2,907,300 3,253,800 3,648,500 4,035,500 4,608,541SK 332,300 369,100 440,500 516,800 606,100 686,100 750,800 815,300 887,200 957,289TR 1,093,368,000 1,981,866,000 3,868,428,000 7,762,500,000 14,772,100,000 28,835,900,000 52,224,900,000 77,415,000,000 124,583,000,000 192,356,152,000EU 7,199,000 7,497,000 7,728,000 8,089,000 8,481,000 8,946,000US 7,269,600 7,813,200 8,318,400 8,781,500 9,268,600 9,872,900 10,159,214Euro zone 5,307,400 5,534,400 5,757,100 5,992,800 6,259,800 6,553,400

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I.3 POPU

LATION

(Source OECD)Country 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001

ThousandsAT 7,884 7,993 8,030 8,047 8,059 8,072 8,078 8,092 8,110 8,140BE 10,045 10,084 10,116 10,137 10,157 10,181 10,203 10,222 10,254 10,292CH 6,875 6,938 6,994 7,081 7,085 7,087 7,106 7,142 7,185 7,258CY 619 630 638 645 652 658 663 670 675 677CZ 10,400 10,450 10,500 10,331 10,314 10,304 10,294 10,286 10,273 10,274DE 80,595 81,190 81,422 81,662 81,896 82,052 82,029 82,087 82,183 82,360DK 5,171 5,189 5,205 5,228 5,262 5,284 5,301 5,319 5,337 5,367EE 1,500 1,500 1,492 1,476 1,470 1,460 1,450 1,441 1,367 1,361ES 39,008 39,086 39,150 39,210 39,270 39,323 39,371 39,418 39,466 39,600FI 5,042 5,066 5,088 5,108 5,125 5,140 5,154 5,171 5,181 5,195FR 57,374 57,655 57,900 58,141 58,375 58,610 58,851 59,099 59,292 59,543GB 58,007 58,191 58,293 58,613 58,704 59,009 59,237 59,501 59,817 60,075GR 10,314 10,368 10,426 10,459 10,476 10,498 10,516 10,534 10,558 10,596HU 10,313 10,310 10,250 10,229 10,196 10,155 10,114 10,068 10,024 9,973IE 3,549 3,563 2,586 3,590 3,621 3,661 3,705 3,745 3,787 3,788IS 262 265 267 267 270 272 274 277 281 287IT 56,859 57,070 57,204 57,283 57,397 57,512 57,569 57,630 57,789 58,018LT 3,700 3,700 3,700 3,700 3,709 3,706 3,703 3,700 3,693 3,681LU 388 393 404 413 416 421 398 433 439 447LV 2,500 2,500 2,500 2,500 2,502 2,480 2,458 2,440 2,366 2,351MT 379 380 380 381 382 383 384 385 386 386NL 15,184 15,290 15,383 15,457 15,531 15,609 15,807 15,808 15,926 16,101NO 4,287 4,312 4,337 4,360 4,370 4,393 4,418 4,462 4,491 4,528PL 38,360 38,480 38,500 38,588 38,636 38,650 38,663 38,654 38,646 38,629PT 9,862 9,876 9,902 9,921 9,927 9,946 9,979 9,991 10,008 10,020SE 8,668 8,718 8,781 8,827 8,841 8,848 8,851 8,858 8,872 8,910SI 1,990 1,990 1,990 1,990 1,993 1,973 1,969 1,966 1,990 1,995SK 5,269 5,300 5,330 5,360 5,368 5,379 5,388 5,396 5,401 5,403TR 58,403 59,489 60,573 61,644 62,695 63,745 64,789 65,819 66,835 67,800TOTAL 512,807 515,976 517,341 520,649 522,699 524,811 526,722 528,614 530,632 533,055EU 367,950 369,732 369,890 372,096 373,057 374,166 375,049 375,908 377,019 378,452Euro 285,790 287,266 287,185 288,969 289,774 290,527 290,529 291,696 292,435 293,504USA 266,792 269,092 272,878 275,372

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N(Source OECD)Country 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001

Base 100 in 1995AT 91.6 95.0 97.8 100.0 101.5 102.8 103.8 104.4 106.8 108.7BE 92.6 96.3 98.6 100.0 102.1 103.7 104.7 105.9 108.6 110.9CH 94.3 97.4 98.2 100.0 100.8 101.3 101.4 102.2 103.8 104.1CY 88.5 92.7 97.0 100.0 104.0 107.8 110.1 113.0 117.6 122.5CZ 69.0 83.4 91.7 100.0 108.8 118.0 130.6 133.3 138.5 144.5DE 92.2 95.5 98.2 100.0 101.4 103.3 104.3 104.9 107.0 108.8DK 94.6 96.1 98.0 100.0 102.1 104.4 106.3 108.9 112.1 114.2EE 28.0 52.5 77.5 100.0 123.0 136.8 151.1 156.1 162.4 169.2ES 88.0 91.3 95.6 100.0 103.6 105.6 107.5 110.0 113.8 116.9FI 98.2 97.9 99.0 100.0 100.6 101.8 103.3 104.5 108.0 109.7FR 94.6 96.7 98.3 100.0 102.0 103.2 104.0 104.6 106.3 107.6GB 95.1 94.3 96.7 100.0 102.4 105.7 109.3 111.0 114.2 115.2GR 71.4 82.8 91.8 100.0 108.2 114.2 119.6 122.8 126.6 129.6HU 53.5 65.6 77.9 100.0 123.5 146.1 166.7 183.4 201.4 215.7IE 93.1 95.3 97.6 100.0 101.7 103.2 105.7 107.4 113.4 117.7IS 94.0 96.9 98.3 100.0 102.3 104.1 105.8 109.3 114.9 124.2IT 88.0 91.3 95.2 100.0 104.0 106.1 108.2 109.9 112.8 115.5LT 4.8 41.6 71.6 100.0 124.6 135.7 142.6 143.7 145.0 147.8LU 90.9 96.0 98.1 100.0 101.3 102.6 103.6 104.7 108.0 110.3LV 23.0 58.9 80.0 100.0 117.6 127.5 133.5 136.6 140.2 144.5MT 88.5 92.7 97.0 100.0 104.0 107.8 110.1 113.0 115.0 117.9NL 93.0 95.5 98.1 100.0 102.0 104.2 106.3 108.6 111.4 116.1NO 94.8 96.2 97.6 100.0 101.2 103.9 106.2 108.7 112.0 114.0PL 43.2 59.2 78.2 100.0 119.9 137.7 153.7 164.9 181.6 188.1PT 88.5 91.4 96.2 100.0 103.1 105.5 108.4 110.9 114.1 118.5SE 90.8 94.8 97.2 100.0 100.8 101.7 102.1 102.4 103.8 106.4SI 59.7 72.8 88.1 100.0 109.9 119.1 128.5 136.5 148.5 158.7SK 65.1 80.2 90.9 100.0 105.8 112.2 119.7 132.3 148.3 157.9TR 14.2 25.8 52.9 100.0 180.0 335.0 618.0 1,020.0 1,580.0 2,643.3EU 100.0 102.5 104.6 106.5 107.8 110.5 112.6USA 100.0 102.9 105.3 107.0 109.3 113.0 115.1Euro zone 97.9 100.0 101.6 102.8 104.0 106.5 108.6

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MB

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NIES

(Source CEA)Country 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001*

AmountAT 74 75 74 78 78 77 77 77 77 80BE 276 266 252 255 257 242 234 219 207 202CH 123 125 128 127 132 136 138 138 144 150CY 42 43 46 44 38 39 41 41 38 34CZ 19 20 27 35 35 40 40 42 41 43DE 775 739 742 766 760 768 769 773 769 706DK 235 248 250 265 266 264 260 263 260 260EE 22 23 23 21 15 14 14ES 430 415 417 379 374 368 378 370 354 350FI 57 58 57 58 57 62 63 65 65 67FR 614 599 577 571 570 543 539 525 527 527GB 823 828 821 826 814 841 832 829 822 815GR 161 156 149 141 139 130 126 114 110 102HU 13 13 13 14 18 19 23 21 22 23IE 96 108 122 139 145 152 161 163 163IS 26 26 18 18 18 15 14 13 13 13IT 268 274 265 261 271 261 253 250 252 256LT 24 33 35 36 36 32 32 32 32LU 72 73 76 81 90 91 93 94 93LV 42 37 30 28 29 27 25MT 27 24 23 23NL 488 491 492 491 503 507 501 497 469 460NO 97 95 95 94 80 87 87 83 82 96PL 27 28 34 39 42 50 54 60 65 71PT 80 87 87 87 89 86 88 88 88 88SE 525 510 494 496 492 490 492 473 482 461SI 13 13 14 14 14 14 14SK 9 11 15 19 23 26 27 29TR 50 53 52 54 58 60 65 63 63 62

(*) provisional

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MB

ER O

F EMPLO

YEES


AmountAT 31,581 31,540 31,430 30,646 30,269 30,598 29,166 27,642 28,530 29,276BE 27,920 27,007 25,969 25,501 25,070 25,262 25,313 25,256 24,898 25,270CH 49,069 48,319 47,654 47,273 47,510 48,110 48,937 47,859 49,366 49,000CY 2,000 2,200 2,400 2,300 2,300 2,500 2,600 1,444 1,607 1,650CZ 12,719 10,648 12,100 13,400 15,000 16,319 16,337 16,408 16,112 15,131DE 258,600 255,900 250,000 245,600 241,700 239,300 238,800 239,600 240,200 240,200DK 13,796 12,728 13,172 12,432 12,626 13,614 13,600 13,600 13,600 13,600EE 700 1,500 1,182 1,234 1,687 1,669 1,623ES 46,834 46,487 47,079 47,773 48,269 48,896 46,500 47,000 44,640 44,000FI 12,240 11,790 11,190 10,800 10,770 10,770 10,900 11,100 11,300 11,700FR 138,200 137,000 135,700 135,300 135,400 133,300 132,050 132,350 135,100 136,400GB 234,200 218,700 221,300 212,200 217,300 229,600 234,600 229,700 229,800 228,300GR 10,000 10,200 9,600 9,600 9,500 9,500 9,300 9,300 9,500 9,300HU 14,100 16,231 16,300 17,700 23,843 28,234 27,420 30,330 27,478 29,387IE 10,118 10,085 10,402 10,386 10,231 10,031 10,478 11,320 11,320IS 600 600 600 600 600 600 600 600 600 600IT 48,253 47,497 47,085 46,516 45,239 43,986 42,986 42,622 42,264 42,500LTLU 1,050 1,140 1,304 1,349 1,428 1,545 1,706 1,867 2,268 2,300LV 864 1,080 1,282 1,486 1,587MT 719 703 1,006 820 809 823 1,148 1,232 1,106 1,056NL 41,184 40,978 40,609 40,934 41,445 42,647 44,658 47,250 48,468 50,000NO 11,738 11,540 11,513 11,639 11,577 11,430 11,400 11,350 9,300PL 20,500 22,300 24,500 26,000 26,000 26,000 28,621 29,516 32,764 32,707PT 13,875 13,528 13,217 14,402 14,387 14,180 14,200 14,058 13,604 13,500SE 21,671 21,658 21,488 22,057 20,336 20,243 20,547 18,631 19,085 18,000SI 3,268 3,570 3,748 4,013 4,252 4,546 4,799 5,000SK 3,525 3,811 4,262 4,670 5,079 6,080 7,206 7,750 7,783TR 4,660 5,606 5,598 6,261 7,142 8,383 9,483 9,973 10,302 10,003

(*) provisional

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L PREM

IUM


National currency millionAT 102,481 116,322 121,248 129,966 144,840 135,582 140,676 150,808 161,082 171,715BE 355,270 376,137 409,985 440,026 474,440 514,766 605,011 683,211 808,034 842,258CH 29,368 31,753 34,289 37,537 40,446 44,241 48,128 45,678 47,324 49,100CY 98 111 128 147 168 186 204 437 326 261CZ 20,623 23,330 29,631 33,732 40,775 47,986 55,637 63,086 70,589 79,222DE 170,565 195,963 213,059 225,916 232,845 238,466 240,531 254,881 262,737 272,514DK 46,282 51,493 52,904 57,420 65,703 70,870 79,284 76,914 83,607 88,000EE 539 932 1,054 1,223 1,306 1,594 1,787ES 2,525,911 2,776,334 3,476,885 3,520,522 3,790,065 4,181,369 4,332,185 5,378,780 6,796,990 7,000,000FI 31,430 32,813 34,409 40,373 47,425 47,981 54,658 61,774 69,848 69,807FR 475,692 537,767 613,958 664,448 719,158 761,410 679,977 747,942 861,447 825,600GB 72,985 78,654 76,224 77,170 86,104 93,245 106,348 122,086 154,489 165,975GR 272,125 335,469 386,448 443,044 513,454 574,177 658,841 820,866 876,596 911,000HU 59,568 74,074 94,676 116,705 141,511 194,030 244,591 297,756 384,090 416,007IE 2,386 2,797 3,045 2,997 3,468 4,078 5,236 6,687 8,107IS 13,278 13,035 13,778 13,573 13,334 13,901 14,649 16,574 19,511IT 45,353,491 50,253,228 55,419,101 62,819,529 67,712,311 81,435,465 98,717,809 119,744,638 131,005,755 142,374,753LT 396 408LU 34,602 45,256 60,985 130,699 120,484 182,448 204,126 233,025 276,797 294,940LV 42 73 88 95 96MT 25 28 31 37 42 50 49 58 71 69NL 47,244 49,466 53,546 57,509 61,919 68,256 75,452 78,899 87,149 95,880NO 38,431 39,917 43,766 42,823 44,388 50,285 53,537 56,933 65,083 60,086PL 2,095 3,095 4,146 5,422 8,116 12,169 15,588 18,813 20,834 22,300PT 431,480 526,808 628,568 782,909 925,489 966,384 1,128,362 1,340,534 1,416,357 1,612,938SE 73,847 82,596 75,962 79,698 88,674 99,909 108,977 135,012 153,365 157,265SI 32,902 47,415 62,962 102,374 121,815 129,589 154,044 171,381 192,866 224,946SK 6,266 8,075 9,527 10,578 13,786 16,968 21,283 23,659 27,322TR 8,171,853 17,164,361 32,546,732 63,134,835 132,863,186 296,808,536 547,243,000 975,705,000 1,751,525,000 2,491,781,531

(*) provisional

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L LIFE PREM

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National currency millionAT 31,265 40,111 40,655 46,530 60,274 50,974 56,458 66,531 74,529 80,856BE 121,254 134,633 160,260 181,786 211,677 251,651 334,376 404,401 520,760 546,807CH 17,002 18,938 21,088 24,101 27,158 30,869 34,958 31,341 31,472 32,800CY 46 55 65 74 88 99 111 339 219 143CZ 5,220 5,905 7,461 9,225 10,989 12,690 15,089 19,917 22,770 28,362DE 67,454 75,326 82,959 88,406 92,890 98,770 102,690 114,904 119,196 120,984DK 24,642 29,071 29,310 32,420 38,262 42,580 49,946 47,613 52,818 56,000EE 43 64 128 206 217 304 356ES 811,314 876,063 1,442,982 1,376,740 1,667,893 1,964,698 2,075,061 2,879,200 3,960,000 3,800,000FI 20,536 21,918 23,642 29,703 36,664 36,783 42,082 48,460 55,898 54,913FR 269,697 319,854 383,068 418,860 465,860 506,690 425,801 489,799 592,500 545,100GB 44,429 47,548 44,185 46,135 56,305 62,906 75,718 91,775 122,468 131,539GR 131,147 161,490 190,078 218,047 248,011 286,095 337,289 456,413 450,078 437,000HU 12,335 17,643 24,104 35,311 48,247 63,753 88,807 120,016 177,634 171,755IE 1,298 1,641 1,782 1,689 2,055 2,572 3,564 4,793 5,986IS 430 464 506 544 496 556 730 965 1,413IT 12,508,264 15,143,042 18,625,431 23,225,393 26,062,611 36,985,614 51,277,392 68,924,515 77,032,785 85,031,325LT 67 74LU 14,531 20,408 38,483 107,634 95,313 155,165 176,449 204,187 243,104 260,000LV 9 8 8 7 4MT 6 6 8 9 12 16 16 23 34 32NL 25,152 25,503 27,467 30,129 33,184 38,176 43,520 44,987 50,691 56,350NO 15,893 15,826 19,243 18,893 19,776 25,487 27,127 26,798 28,618 32,000PL 530 888 1,284 1,852 2,766 4,072 5,378 6,953 8,332 9,100PT 125,198 165,662 216,705 340,564 439,217 457,562 587,288 753,246 759,722 912,040SE 41,825 50,451 41,561 42,456 52,107 63,276 73,284 97,798 113,255 114,318SI 2,457 5,015 9,031 15,151 20,127 22,878 26,330 30,906 37,361 47,190SK 1,700 1,972 2,118 2,588 3,545 4,723 6,487 8,510 11,347TR 1,571,418 2,478,631 3,863,928 8,181,920 18,804,281 44,747,223 92,050,000 174,893,000 326,197,000 466,208,783

(*) provisional

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National currency millionAT 71,216 76,211 80,593 83,436 84,566 84,608 84,218 84,277 86,553 90,859BE 234,016 241,504 249,725 258,240 262,763 263,115 270,635 278,810 287,274 295,451CH 12,366 12,815 13,201 13,436 13,288 13,372 13,170 14,337 15,852 16,300CY 52 57 63 72 80 87 93 98 107 118CZ 15,403 17,425 22,170 24,507 29,786 35,296 40,548 43,169 47,819 50,860DE 103,111 120,637 130,100 137,510 139,955 139,696 137,841 139,977 143,541 151,530DK 21,640 22,422 23,594 25,000 27,441 28,290 29,338 29,301 30,789 32,000EE 496 868 926 1,017 1,089 1,290 1,430ES 1,714,597 1,900,271 2,033,903 2,143,782 2,122,172 2,216,671 2,257,124 2,499,580 2,836,990 3,200,000FI 10,894 10,895 10,767 10,670 10,761 11,198 12,576 13,314 13,950 14,894FR 205,995 217,913 230,890 245,588 253,298 254,720 254,176 258,143 268,947 280,500GB 28,556 31,106 32,039 31,035 29,799 30,339 30,630 30,311 32,021 34,436GR 140,978 173,979 196,370 224,997 265,443 288,082 321,552 364,453 426,518 474,000HU 47,233 56,431 70,572 81,394 93,264 130,277 155,784 177,740 206,456 244,252IE 1,088 1,156 1,263 1,308 1,413 1,506 1,672 1,894 2,121IS 12,848 12,571 13,272 13,029 12,838 13,345 13,919 15,609 18,098IT 32,845,227 35,110,186 36,793,670 39,594,136 41,649,700 44,449,851 47,440,417 50,820,123 53,972,970 57,343,428LT 330 334LU 20,071 24,848 22,502 23,065 25,171 27,283 27,677 28,838 33,693 34,940LV 33 65 80 88 92MT 19 22 23 27 30 33 33 35 38 36NL 22,092 23,963 26,079 27,380 28,735 30,080 31,932 33,912 36,458 39,530NO 22,538 24,091 24,523 23,930 24,612 24,798 26,410 30,135 36,465 28,086PL 1,565 2,207 2,862 3,570 5,350 8,097 10,210 11,860 12,502 13,200PT 306,282 361,146 411,863 442,345 486,272 508,822 541,074 587,288 656,635 700,898SE 32,022 32,145 34,401 37,242 36,567 36,633 35,693 37,214 40,110 42,947SI 30,445 42,400 53,931 87,223 101,688 106,711 127,714 140,475 155,505 177,756SK 4,566 6,103 7,409 7,990 10,241 12,245 14,796 15,149 15,975TR 6,600,435 14,685,730 28,682,804 54,952,915 114,058,905 252,061,313 455,193,000 800,812,000 1,425,328,000 2,025,572,748

(*) provisional

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L INV

ESTMEN

TS(Source CEA)Country 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001*

National currency millionAT 333,584 380,260 435,997 476,815 530,657 573,759 598,657 636,961 671,393 749,207BE 1,712,567 1,842,269 2,081,763 2,114,461 2,676,421 3,019,453 3,632,013 3,883,663 4,127,855 4,334,248CH 198,750 214,764 231,780 245,382 275,414 300,136 328,080 356,373 373,155 345,000CY 205 241 287 344 406 477 434 519 1,048 874CZ 72,063 81,941 93,410 108,908 124,886 141,624DE 836,900 921,500 1,011,395 1,116,719 1,221,188 1,347,048 1,469,416 1,596,020 1,703,853 1,860,000DK 462,658 520,835 551,007 597,937 663,597 745,052 833,664 967,591 1,023,750 1,045,000EE 391 747 1,114 1,190 1,182 1,530 2,077ES 3,474,106 4,468,333 5,632,435 6,970,747 8,427,917 9,498,204 10,945,057 12,310,888 13,459,979 15,300,000FI 138,699 149,189 159,616 199,973 236,890 276,187 337,441 434,472 448,692 410,000FR 1,727,400 2,033,800 2,331,000 2,836,298 3,484,531 4,089,812 4,690,276 5,161,684 5,618,100 5,826,000GB 431,370 475,656 476,709 565,959 610,845 723,148 832,855 976,845 1,021,380 987,000GR 338,037 445,118 555,154 676,366 828,504 1,003,594 1,171,581 1,558,592 1,684,483 1,756,000HU 61,798 84,048 125,378 169,737 222,301 300,019 381,045 490,087 626,399 666,100IE 12,050 15,710 15,390 17,240 20,045 26,422 27,837 33,243 36,342ISIT 129,216,799 154,208,234 176,200,997 203,311,598 232,416,876 271,194,172 326,430,454 396,696,871 470,971,200 544,971,000LT 276 588LU 228,421 351,586 517,514 661,509 839,155 966,895 1,031,000LV 19 33 53 63 70 79MTNL 244,756 276,175 296,798 339,802 379,875 435,738 494,599 556,309 572,791 576,900NO 243,998 273,856 285,544 307,113 330,379 362,624 387,934 463,768 476,994 491,000PL 688 1,388 2,457 3,948 6,395 10,523 16,842 24,404 32,610 42,628PT 758,450 978,261 1,256,252 1,774,989 2,266,971 2,811,931 3,354,573 4,052,014 4,495,425 5,260,000SE 621,622 750,194 741,960 855,264 1,110,376 1,341,088 1,559,744 1,815,488 1,963,738 2,008,000SI 68,683 98,630 132,090 177,775 227,103 279,143 340,000SK 22,502 24,426 25,325 28,695 30,840 34,750 38,224 42,947TR 4,498,441 10,132,655 22,557,038 48,673,572 123,169,508 259,338,647 563,847,995 1,291,675,579 1,972,194,877 4,230,326,093

(*) provisional

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TS


National currency millionAT 196,730 226,304 293,675 306,529 346,468 371,584 404,199 438,751 474,825 550,667BE 1,096,532 1,186,280 1,374,523 1,361,290 1,743,153 1,996,764 2,504,636 2,786,140 2,815,832 2,956,624CH 146,967 160,059 174,700 186,492 204,336 224,284 252,284 275,681 280,731 260,000CY 165 197 237 287 340 405 368 446 959 787CZDE 538,000 591,600 645,609 703,767 768,002 833,944 907,233 987,066 1,056,028 1,120,000DK 377,348 433,839 462,459 500,207 563,595 644,232 724,842 864,287 918,980 940,000EE 87 220 270 336 368 570 874ES 2,116,107 2,386,412 3,780,475 4,906,477 6,261,071 7,222,444 8,322,632 9,361,211 10,094,984 11,475,000FI 111,512 120,167 128,447 157,116 188,154 221,342 269,038 327,327 356,416 227,000FR 1,332,100 1,622,500 1,912,400 2,358,123 2,945,749 3,480,504 4,019,699 4,431,440 4,874,000 5,108,000GB 364,622 409,806 408,955 489,151 532,193 636,389 732,063 882,612 941,713 915,000GRHU 60,737 109,301 183,519 261,045 341,790 346,796 335,300IE 8,837 11,820 11,520 12,910 15,200 20,027 23,937 28,815 31,146ISIT 72,670,924 91,948,446 107,799,787 128,519,606 152,001,703 186,141,349 238,669,028 303,555,034 368,245,952 433,246,000LT 46LU 193,476 294,723 450,913 590,301 769,057 886,757 948,000LV 5 11 14 17 22 23MTNL 217,432 246,620 265,207 300,933 335,574 385,257 438,438 494,794 511,109 515,000NO 188,446 209,838 219,545 236,778 257,248 284,663 307,392 366,612 381,493 397,000PL 238 587 1,164 2,193 3,595 6,044 9,581 13,661 18,888 24,744PT 342,460 483,397 682,671 1,074,057 1,498,655 1,989,033 2,490,332 3,098,185 3,481,569 4,178,000SE 477,800 586,552 578,208 666,574 831,881 1,033,652 1,208,577 1,442,354 1,542,532 1,557,000SI 15,404 23,792 35,341 60,202 83,532 109,107 142,000SK 19,066 19,994 20,371 22,262 24,018 26,300 26,094 29,576TR 1,938,550 4,321,827 10,424,220 24,472,130 59,331,545 136,561,873 252,123,000 471,552,000 899,152,000 1,861,154,725

(*) provisional

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National currency millionAT 136,854 153,956 142,322 170,286 184,189 202,175 194,458 198,210 196,568 198,540BE 616,035 655,989 707,240 753,171 933,268 1,022,689 1,127,377 1,097,523 1,001,210 1,051,271CH 51,786 54,705 57,080 58,890 71,078 75,852 75,796 80,692 92,424 85,000CY 40 44 50 57 66 72 66 73 89 87CZDE 298,900 329,900 365,786 412,952 453,186 513,104 562,183 608,954 647,825 740,000DK 85,310 86,996 88,548 97,730 100,002 100,820 108,822 103,304 104,770 105,000EE 276 527 845 854 815 960 1,203ES 1,357,999 2,081,921 1,851,960 2,064,271 2,166,846 2,275,760 2,622,425 2,949,677 3,364,995 3,825,000FI 27,187 29,022 31,169 42,857 48,736 54,845 68,403 107,145 92,276 183,000FR 395,300 411,300 418,600 478,175 538,782 609,308 670,577 730,244 744,100 718,000GB 66,748 65,850 67,754 76,808 78,652 86,759 100,792 94,233 79,667 72,000GRHU 109,000 113,000 116,500 120,000 148,297 279,603 330,800IE 3,213 3,890 3,870 4,330 4,845 6,395 3,900 4,428 5,196ISIT 56,545,875 62,259,788 68,401,210 74,791,992 80,415,173 85,052,823 87,761,426 93,141,837 102,725,248 111,725,000LT 541LU 34,945 56,863 66,601 71,208 70,098 80,138 83,000LV 14 22 39 46 48 56MTNL 27,324 29,555 31,591 38,869 44,301 50,481 56,161 61,515 61,682 61,900NO 55,552 64,018 65,999 70,335 73,131 77,961 80,542 97,156 95,501 94,000PL 450 801 1,293 1,755 2,800 4,479 7,261 10,743 13,722 17,884PT 415,990 494,864 573,581 700,932 768,316 822,898 864,241 953,829 1,013,856 1,082,000SE 143,822 163,642 163,752 188,690 278,495 307,436 351,167 373,134 421,206 451,000SI 53,279 74,838 96,749 117,573 143,571 170,036 198,000SK 3,436 4,432 4,954 6,433 6,822 8,450 12,130 13,371TR 2,559,891 5,810,828 12,132,818 24,201,442 63,837,963 122,776,774 311,724,995 820,123,579 1,073,042,877 2,369,171,368

(*) provisional

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Figures,2002

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(Source CEA)Country 1992 1993 1994 1995 1996 1997 1998 1999 2000

National currency millionAT 190,981BE 983,669 1,062,793 1,170,877 1,302,679 1,463,225 1,646,481 1,924,322 2,317,328 2,600,927CH 96,050 105,707 113,731 125,307 148,557 167,445 188,609 204,593 217,395CY 162 194 234 285 337 396 471 905 788CZ 60,062 45,912 49,507 55,031 57,652 63,791 67,935 76,700 86,125DE 529,004 579,950 633,423 693,908 757,656 832,870 904,472 980,057 1,055,308DK 347,392 385,406 414,146 447,903 500,532 566,666 622,262 721,205 774,498EE 67 96 153 243 248 467ES 2,643,741 3,041,576 4,059,674 4,889,565 6,225,058 7,591,865 8,477,817 10,800,000 12,654,681FI 122,161 134,502 146,029 163,588 185,917 209,544 238,667 281,967 334,545FR 1,335,657 1,620,725 1,891,100 2,139,107 2,552,835 3,018,798 3,370,439 3,821,179 4,242,800GB 287,000 391,498 418,160 482,488 539,359 637,592 739,999 857,467 936,122GR 0 288,190 382,713 491,784 617,101 745,291 872,254 1,322,661 1,332,903HU 43,800 51,674 66,289 80,559 99,022 135,372 161,888 270,607 346,796IEISIT 58,717,187 73,351,285 89,489,706 111,749,444 134,837,421 167,599,370 211,866,166 272,224,537 324,057,813LT 144 147LU 37,983 57,176 91,153 198,003 291,240 441,830 570,648 748,492 873,491LV 9 9 12 12 10MTNL 206,865 229,950 249,976 250,543 275,600 306,382 316,212 392,226 417,695NO 175,238 194,692 204,490 221,999 239,765 265,686 276,963 299,511 325,351PL 273 611 1,109 1,917 3,141 5,277 8,328 12,124 16,758PT 287,120 421,183 604,311 903,224 1,304,025 1,698,843 2,205,173 2,796,180 3,253,644SE 294,935 301,685 491,000 583,125 815,062 964,150 1,138,559 1,423,533 1,478,798SI 10,108 14,789 23,570 47,326 67,753 86,165SK 17,596 19,108 20,253 21,468 23,685 25,755 25,862 30,315TR 2,417,681 5,005,291 11,904,754 27,688,428 65,621,543 152,772,314 324,963,000 702,316,000 830,252,000

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151

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OV

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S

(Source CEA)Country 1992 1993 1994 1995 1996 1997 1998 1999 2000

National currency millionATBE 459,110 491,137 522,215 632,980 665,022 708,298 735,818 759,338 779,933CH 38,990 22,862 24,010 24,598 26,367 27,336CY 23 43 46 52 64 59 59 65 71CZ 3,175 6,184 13,852 17,323 27,539 33,121 30,365 32,983 30,953DEDKEE 117 230 354 463 383 485ES 1,425,142 1,720,672 1,890,714 2,169,939 2,186,230FI 21,742 21,702 25,230 29,767 30,157 31,511 33,553 36,567 37,310FR 383,394 401,756 419,800 277,033 296,300GB 66,748 74,856 77,051 87,132 88,824 100,364 112,256 115,309 103,885GR 150,836 190,969 202,477 238,145 297,311 361,189 496,424 541,372HU 15,643 24,906 46,619 48,833 81,761 109,321 160,662 148,297IE 2,014 2,238 2,762 2,804 2,993 3,253ISIT 46,508,570 49,242,432 53,888,002 62,181,007 67,536,710 73,790,636 79,519,025 86,657,567 94,770,446LT 34 73LU 36,738 44,140 44,180 50,170 52,116 61,419 67,800 74,368LV 16 31 41 43 41MT 15 14 17 19NL 23,753 25,085 28,240 31,584 34,453 37,367 40,866 45,781 49,323NO 43,460 49,851 51,807 48,445 52,388 54,822 58,894 51,900 64,388PL 0 1,433 1,958 2,642 4,451 4,975 10,122 12,535 14,042PT 330,767 406,518 474,421 555,870 624,702 707,007 739,097 756,403SESI 109,360 135,357 164,535SK 2,483 3,311 3,985 10,961 6,444 7,450 8,994 9,150TR 2,606,810 5,275,180 11,161,092 19,312,016 40,332,156 86,616,094 225,807,000 593,787,000 819,267,000

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TOR

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National currency millionAT 26,904 28,686 30,381 30,955 30,786 30,101 28,636 27,894 28,796 30,165BE 94,979 91,586 92,644 96,098 95,399 95,030 96,619 99,366 102,324 105,206CH 3,891 4,046 4,147 4,236 3,990 3,878 3,917 3,962 4,085 4,200CY 31 32 35 39 45 46 48 49 52 53CZ 3,058 4,757 4,511 9,367 12,531 16,091 19,833 21,348 24,557 26,129DE 35,405 38,775 43,347 44,378 42,782 40,908 39,180 38,850 39,954 42,041DK 5,742 5,866 6,186 6,619 7,096 7,811 8,370 8,456 8,916 9,300EE 337 502 624 665 722 863 935ES 835,565 929,220 973,449 989,859 990,701 898,186 882,905 1,095,700 1,328,900 1,500,000FI 3,888 3,430 3,024 3,104 3,279 3,575 3,955 4,570 5,052 5,288FR 73,489 77,714 82,500 89,496 92,230 91,581 91,332 92,649 95,807 99,600GB 7,504 8,352 8,504 7,859 7,698 7,895 8,381 9,093 10,647 11,712GR 75,353 104,464 118,227 134,937 166,884 185,329 207,785 237,740 273,121HU 26,261 32,444 42,166 46,654 62,144 78,026 90,312 102,218 117,631 137,366IE 580 603 625 652 712 760 864 992 1,105IS 5,554 5,309 5,663 5,562 5,294 5,097 5,665 7,136 9,359IT 18,805,781 20,071,968 20,924,384 22,280,957 23,379,992 25,416,651 27,699,955 30,714,741 32,720,491 34,657,924LT 126 138LU 5,742 6,496 6,472 6,832 7,120 7,497 8,111 8,496 9,128 9,500LV 7 20 31 34 39MT 9 10 12 14 15 17 17 17 18 19NL 5,188 5,463 6,056 6,487 6,895 6,996 7,227 7,631 8,282 8,800NO 6,158 6,387 6,938 7,389 7,470 7,685 8,418 9,142 10,360 11,340PL 1,258 1,678 2,113 3,392 5,626 7,128 7,913 8,487 8,812PT 150,096 190,287 218,799 237,204 259,671 265,904 275,772 296,301 319,397 336,882SE 10,257 10,138 10,673 10,179 10,288 10,388 11,184 12,221 13,391 14,896SI 31,778 36,967 40,010 44,828 47,680 53,619 67,000SK 2,186 2,808 3,494 4,291 5,419 7,452 8,268 8,805TR 3,564,840 7,993,142 13,666,635 26,675,213 48,965,720 114,321,311 234,162,000 395,221,000 740,226,000 898,502,675

(*) provisional

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Insurancein

Figures,2002

153

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National currency millionAT 18,762 20,373 21,321 22,156 22,194 22,280 22,517 22,895 23,561 24,512BE 52,696 58,204 60,809 63,356 66,367 65,949 68,635 70,980 74,580 77,413CH 3,630 3,749 3,904 3,867 3,898 4,126 3,929 5,010 6,209 6,450CY 5 6 8 9 11 12 13 15 16 20CZ 1,790 1,385 1,551 1,843 2,080 2,425 2,721 3,649 3,354 3,792DE 30,509 34,128 36,710 40,565 43,703 46,074 47,900 49,224 51,103 53,180DK 2,593 2,896 3,435 3,228 4,065 4,481 4,723 5,519 5,792 6,000EE 22 34 43 60 64 75 79ES 313,905 348,498 379,805 422,268 464,138 506,052 512,520 522,940 546,000 600,000FI 2,497 2,527 2,705 2,775 2,910 3,238 4,035 3,726 3,587 3,809FR 43,581 50,149 52,894 54,875 56,192 57,673 58,859 59,234 61,396 62,600GB 2,974 3,022 3,333 3,603 3,646 3,906 4,143 4,295 4,134 4,424GR 7,032 8,653 9,932 11,244 11,962 12,227 14,174 15,382 19,665HU 1,300 1,433 1,268 1,745 2,445 4,240 6,374 7,193 9,588 9,981IE 31 35 41 42 50 61 77 94IS 1,170 1,134 1,182 1,219 1,153 1,227 1,358 1,439 1,564IT 4,620,194 4,996,666 5,252,711 5,622,891 5,841,291 6,178,934 6,457,822 6,635,446 7,038,617 7,500,528LT 37 31LU 683 738 780 837 900 966 1,018 1,091 1,170 1,250LV 6 7 11 14 12MT 2 2 2 3 4 5 5 6 6 7NL 8,635 9,723 10,977 11,514 12,291 13,245 14,150 15,659 16,693 18,580NO 825 718 720 743 770 721 725 699 648 734PL 133 183 231 306 401 496 592 659 736PT 89,492 97,713 111,752 117,424 126,276 135,130 145,338 160,218 197,691 212,138SE 4,265 4,214 4,869 5,417 5,916 6,562 6,255 7,018 7,749 8,133SI 27,837 34,451 34,999 48,235 57,729 64,563 70,000SK 461 493 557 659 788 975 604 531TR 394,476 771,818 1,622,821 5,285,502 13,199,642 35,125,756 69,410,000 127,007,000 225,442,000 322,923,723

(*) provisional

©C

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ITÉ EUR

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European

Insurancein

Figures,2002

154 II- INSU

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E DA

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II.13 LIAB

ILITY PR

EMIU

M


National currency millionAT 4,161 4,523 4,829 5,116 5,369 5,498 5,713 5,887 6,162 6,414BE 16,245 16,509 17,097 18,079 18,783 19,781 20,911 21,347 22,184 22,631CH 1,224 1,295 1,319 1,387 1,384 1,383 1,402 1,392 1,468 1,500CY 2 2 3 3 3 5 5 5 5 10CZ 1,019 1,323 1,951 2,933 3,538 4,051 4,331 4,664 4,591 5,273DE 8,537 9,940 10,707 11,380 11,866 12,285 12,286 12,701 12,676 12,941DK 749 827 828 813 868 933 970 899 968 1,000EE 6 15 10 16 18 20 30ES 49,515 60,776 73,376 80,787 90,792 92,484 97,555 109,050 122,400 130,000FI 293 286 287 474 496 519 697 665 752 797FR 8,992 16,699 17,306 18,600 19,527 20,133 20,680 21,531 23,036 24,400GB 2,237 2,546 2,884 2,879 2,737 2,722 2,674 2,662 2,533 3,364GR 1,837 2,291 2,980 3,453 3,853 4,270 4,845 6,671 8,535HU 331 1,719 1,796 2,483 2,691 4,858 6,113 7,264 7,908 10,942IE 184 201 230 245 261 275 283 308 288IS 635 646 692 708 734 861 937 1,018 1,164IT 2,121,188 2,329,263 2,405,024 2,749,017 2,983,822 3,198,152 3,523,379 3,718,334 3,936,698 4,284,070LT 31 25LU 1,055 1,413 1,592 1,580 1,674 1,766 2,013 2,164 2,048 2,100LV 8 9 9 9 11MTNL 990 1,045 1,105 1,135 1,170 1,195 1,225 1,300 1,330 1,370NO 670 665 618 668 676 696 680 756 785 947PL 58 72 95 119 168 234 309 368 394PT 4,772 5,490 6,223 6,911 7,542 8,168 9,083 10,449 11,363 12,526SE 1,670 1,521 1,730 4,380 3,438 3,005 1,414 1,123 2,123 104SI 2,405 2,782 3,112 3,495 3,898 4,347 5,400SK 53 718 560 1,432 1,443 1,602 1,491 1,470TR 96,775 215,028 355,354 697,869 1,491,666 3,325,691 6,005,000 10,675,000 17,455,000 24,521,338

(*) provisional

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Insurancein

Figures,2002

155

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II.14 LEGA

L EXPEN

SES PREM

IUM


National currency millionAT 2,445 2,660 2,894 3,038 3,311 3,442 3,530 3,651 3,791 1,753BE 1,008 6,471 6,933 7,294 7,548 7,809 8,079 8,674 9,084 9,238CH 134 143 168 183 193 201 181 215 228 250CYCZ 22 39 54 88 103 123DE 3,696 3,997 4,182 4,417 4,672 4,931 5,249 5,359 5,481 5,674DK 1 1 2 2 3 3EEES 29,395 41,297 44,003 48,167 8,519 8,321 29,090 18,480 13,980 15,000FI 134 132 138 137 164 183 209FR 1,538 1,747 1,900 1,746 1,908 2,327 2,196 2,129 2,422 2,500GBGR 773 1,053 2,294 2,326 2,556 2,921 3,071 3,381 4,014HU 8 16 42 56 56 68 66IEISIT 79,119 99,709 117,853 138,231 156,316 172,654 190,526 213,942 244,326 281,601LTLU 208 220 232 244 258 277 363 350 377 390LV 0.5 0.6MTNL 265 295 333 365 387 417 460 521 577 640NOPL 274 339 393PT 34 15 23 45 69 100 831 1,129 1,079 1,046SESI 12 21 30 42 51 58 65SK 7 1 18 33TR 2,253,629

(*) provisional

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Insurancein

Figures,2002

156 II- INSU

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II.15 PRO

PERTY PR

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National currency millionAT 15,996 16,966 18,098 19,009 19,613 19,875 20,155 20,179 20,263 23,871BE 50,563 50,831 52,802 54,292 55,824 55,434 55,990 57,494 58,353 60,591CH 2,914 3,001 3,073 3,115 3,135 3,070 3,076 3,053 3,091 3,100CY 8 9 11 12 14 15 16 17 19 25CZ 5,912 6,706 10,844 4,806 6,332 6,674 7,062 7,775 11,517 11,058DE 20,036 22,080 23,463 24,537 25,178 25,196 24,748 24,227 24,055 26,268DK 9,135 9,328 9,625 9,900 10,300 10,650 10,800 11,000 11,200 11,400EE 117 168 186 211 231 276 323ES 238,962 256,344 277,733 317,132 327,395 313,244 305,158 467,350 519,220 625,000FI 2,698 2,631 2,551 2,512 2,508 2,530 2,575 3,051 3,170 3,340FR 48,111 50,869 53,783 57,294 60,364 59,392 59,506 59,430 62,240 65,600GB 7,995 8,954 9,373 8,730 8,249 8,738 8,363 7,647 7,712 8,904GR 32,122 33,570 36,268 49,401 53,066 55,294 58,086 67,346 82,487HU 15,648 13,951 23,641 22,085 24,080 40,305 48,649 56,427 56,566 77,199IE 254 272 306 311 330 352 388 435 506IS 3,150 3,182 3,370 3,400 3,468 3,707 3,894 4,022 4,167IT 4,466,718 4,742,685 4,933,686 5,493,485 5,767,192 5,880,580 6,289,820 6,408,865 6,662,940 6,958,973LT 79 83LU 3,051 3,661 3,533 3,712 3,927 3,974 4,485 4,737 4,977 5,100LV 11 14 19 16 18MT 5 5 6 7 7 7 8 8 8 7NL 4,406 4,757 4,928 5,205 5,327 5,420 5,573 5,542 5,894 6,270NO 6,556 6,046 6,307 5,975 6,187 6,548 6,630 7,107 8,099 9,260PL 596 703 819 1,068 1,373 1,702 1,871 2,094 2,304PT 42,559 47,675 54,711 59,863 70,066 75,933 84,883 94,023 99,708 105,321SE 14,178 14,242 14,535 14,621 14,813 14,532 14,189 14,223 14,618 18,004SI 19,751 21,795 22,386 23,784 22,976 24,614 26,400SK 2,201 2,490 2,468 2,942 3,621 3,511 3,564 4,058TR 1,464,325 3,274,020 7,423,865 14,785,211 29,832,987 60,986,394 84,887,000 208,786,000 348,149,000 517,446,934

(*) provisional

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Insurancein

Figures,2002

157

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II.14 MA

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National currency millionAT 1,236 1,304 1,358 1,387 1,359 1,397 1,410 1,391 1,417 1,475BE 7,032 5,050 5,379 5,450 5,312 5,567 5,793 5,835 5,935 5,849CH 320 335 331 349 390 372 356 353 390 400CY 3 3 3 4 4 4 5 6 8 9CZ 345 346 329 388 435DE 2,910 3,046 3,063 3,070 3,139 3,164 3,200 3,149 3,200 3,325DK 1,374 1,297 1,317 1,300 992 938 882 800 812 800EE 12 25 48 44 34 38 51ES 49,031 48,496 53,259 53,005 57,484 55,321 46,933 49,900 57,810 60,000FI 601 697 697 670 603 590 588 617 669 885FR 8,215 9,231 10,300 10,385 9,560 9,123 6,933 7,504 7,711 8,600GB 5,633 5,669 5,224 5,018 4,287 3,943 3,892 3,121 3,357 3,099GR 10,787 12,469 14,643 16,587 16,286 11,448 11,653 17,063 21,280HU 627 737 963 1,179 1,893 2,213 2,055 2,564 3,087IE 5 7 16 9 12 12 13 17IS 2,339 2,300 2,365 2,140 2,189 2,453 2,065 1,994 1,844IT 1,418,027 1,649,856 1,706,531 1,658,485 1,663,818 1,642,680 1,261,274 1,169,218 1,295,409 1,320,875LT 28 20LU 8,238 10,704 8,413 8,366 9,223 9,769 8,273 8,517 12,420 13,000LV 1 1 1 6MT 3 3 2 3 2 2 2 2 3 2NL 1,106 1,166 1,097 1,116 1,146 1,152 1,146 1,080 1,135 1,180NO 6,148 7,019 6,909 5,837 6,049 5,837 5,684 5,536 5,171PL 118 166 177 195 212 227 210 211 190PT 10,503 10,927 11,262 11,418 11,855 12,033 12,038 11,855 12,529 14,659SE 1,519 1,798 2,118 2,017 1,782 1,729 1,617 1,608 1,582 1,785SI 2,074 2,105 2,232 2,117 2,075 2,405 2,670SK 122 146 209 224 203TR 752,819 1,539,342 3,634,661 6,904,745 12,835,931 22,184,402 32,485,000 52,294,000 81,333,000 129,687,622

(*) provisional

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