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Insurance Industry – A PAGE Review (Facts & Figures)

INSURANCE SECTOR IN PAKISTAN DURING NINE MONTH PERIOD ENDED SEPTEMBER 30, 2016 (Non-Life Members) (PKR in ‘000)
S.No
Name of Companies
* Premium Written
Net Premium Revenue
Net Claims
Net Commission  (Income)/Expense
Management Expenses
Gen. Admin. Exp+ Financial +Other Exp.
Investment Income/(Loss)
1
Adamjee Insurance
8,298,411
4,106,445
2,321,036
246,352
942,444
436,827
2,818,883
2
Alfalah Ins. Co
1,543,342
646,046
361,117
-52,503
195,128
81,984
64,339
3
Allianz EFU Health
1,610,643
908,107
723,191
-50,127
140,409
46,912
78,979
4
Alpha Insurance
120,475
59,585
56,487
8,085
51,470
20,004
52,869
5
Asia Insurance
421,402
309,968
50,869
55,393
94,704
49,228
34,552
6
Askari Gen. Insc.
1,703,632
938,353
459,755
-18,496
222,413
131,561
96,190
7
Atlas Insurance
1,857,252
757,623
177,486
-47,962
283,671
46,148
339,891
8
Century Insurance
851,884
522,167
318,841
-9,974
94,872
96,527
139,879
9
Cooperative Ins.
3,858
4,592
82
614
4,475
7,243
7,124
10
Crescent Star
166,147
157,018
37,222
17,186
57,847
43,164
4,652
11
East West Insc.
1,529,612
761,600
360,462
146,799
128,523
59,490
99,588
12
EFU Gen. Ins. Ltd.
12,224,154
5,647,654
2,146,717
394,377
1,189,442
601,722
1,433,785
13
Excel Insurance
4,386
1,744
-280
-360
7,633
5,513
84,667
14
Habib Insurance **
1,098,329
398,670
195,834
-58,995
168,864
56,241
141,940
15
IGI Insurance
2,378,826
1,026,687
547,332
-13,822
262,094
242,511
1,236,523
16
Jubilee General Insurance
6,667,601
3,109,612
1,591,022
316,468
914,492
55,252
941,662
17
New Hampshire Ins.
586,285
44,376
28,223
(150,422)
10,272
63,985
88,377
18
Pakistan Gen. Ins.
277,682
190,104
79,320
14,171
48,899
28,661
14,672
19
PICIC Insurance
-17,727
69,863
22,581
-4,027
28,071
39,007
930
20
Premier Ins.
976,777
448,285
519,609
71,049
276,531
89,953
113,901
21
Reliance Insurance
848,800
260,881
75,951
44,812
87,731
37,872
54,492
22
SPI Insurance
505,621
403,672
129,928
42,981
104,130
64,739
9,478
23
Security Gen. Insc.
1,959,330
322,279
51,383
22,691
54,398
76,301
758,684
24
Shaheen Ins.
286,632
197,541
72,317
35,845
35,856
57,589
12,665
25
Sindh Insurance
438,091
67,994
30,189
337
25,248
16,807
49,957
26
Takaful Pakistan
27
TPL Direct Ins.
1,019,755
898,929
389,294
88,770
338,081
121,004
36,719
28
UBL Insurer
2,007,489
617,346
307,227
-44,020
191,763
80,708
60,158
29
United Ins.
3,011,277
2,004,273
743,262
209,000
397,821
193,125
108,554
Note:(Business underwritten inside Pakistan)
INSURANCE SECTOR IN PAKISTAN DURING NINE MONTH PERIOD ENDED SEPTEMBER 30, 2016 (Life Members) (PKR in ‘000)
S.No
Name of company
Total Gross Premium
Total Net Premium
Net Claims
Total Gross Acq. Cost
Gross Admin. Exp.
Commission from Reinsurers
Investment
Others
1
Adamjee Life
7,511,913
7,214,020
2,172,936
986,844
450,503
0
1,195,534
8,701
2
East West Life
17,343
13,228
34,265
2,558
18,755
-257
13,079
0
3
EFU Life
16,778,933
16,231,274
14,204,401
2,853,990
919,047
-15,425
9,184,050
21,745
4
IGI Life
5,540,281
5,429,644
2,248,534
473,908
336,004
-16,646
2,008,566
59,690
5
Jubilee Life
25,598,389
24,800,579
6,791,406
4,778,687
1,418,815
-69,160
8,309,509
40,057
6
State Life
45,825,254
45,743,004
24,457,622
9,832,274
5,037,105
9,309
45,572,258
109,082
DEMOGRAPHIC INDICATORS OF PAKISTAN
Details
2016
Total Population (Million)
195.4
Urban Population (Million)
77.93
Rural Population (Million)
117.48
Total Fertility Rate (TFR)
3.1
Crude Birth Rate (Per thousand)
25.6
Crude Death Rate (Per thousand)
6.70
Population Growth Rate (Percent)
1.89
Life Expectancy (Year)
– Female
67.7
– Male
65.5
PAKISTAN: STRUCTURE OF INTEREST RATES –I (%)
w.e.f.
SBP Reverse Repo Rate
SBP Repo Rate
SBP Policy (Target) Rate
26-Jan-15
8.5
6.0
24-Mar-15
8.0
5.5
25-May-15
7.0
5.0
6.5
14-Sep-15
6.5
4.5
6.0
23-May-16 till date
6.25
4.25
5.75
FATALITIES IN TERRORIST VIOLENCE IN PAKISTAN
Civilians
Security Force Personnel
Terrorists/Insurgents
Total
2003
140
24
25
189
2004
435
184
244
863
2005
430
81
137
648
2006
608
325
538
1471
2007
1522
597
1479
3598
2008
2155
654
3906
6715
2009
2324
991
8389
11704
2010
1796
469
5170
7435
2011
2738
765
2800
6303
2012
3007
732
2472
6211
2013
3001
676
1702
5379
2014
1781
533
3182
5496
2015
940
339
2403
3682
2016
612
293
898
1803
2017
5
1
10
16
Total*
21494
6664
33355
61513
*Data till January 8, 2017

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