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Insurance in Pakistan (Facts & Figures)

STATISTICS FOR THE NINE MONTH PERIOD ENDED 30 SEPTEMBER 2017 (Non-Life Members)  (Rs in ‘000)
S.NoCompanyPremium writtenNet Premium RevenueNet ClaimsNet Commission (Income)/
Expense
Management
Expenses
Gen.Admin, financial
and other exp
Investment Income/
(Loss)
AB-2016CDE-1E-2FG
1Adamjee Insurance9,162,8244,917,7512,585,085399,1061,019,702410,8941,744,361
2Alfalah Ins. Co1,625,183787,859363,91579,717277,4898,75981,806
3Allianz EFU Health1,535,305890,608697,618-39,472158,82853,12046,669
4Alpha Insurance92,29364,63473,32210,77147,15319,36544,144
5Asia Insurance532,933387,617107,40170,394119,61873,336-16,149
6Askari Gen. Insc.1,569,260989,631451,175-13,228235,024150,68593,225
7Atlas Insurance1,848,940977,757320,117-109,992317,29555,533311,607
8Century Insurance859,794426,466190,539-14,823104,244103,298128,940
9Cooperative Ins.6,0893,9811907666,020-6,4742,831
10Crescent Star79,69089,86126,38111,27659,65848,550138,104
11East West Insc.1,876,716819,599365,346162,966136,53172,45816,099
12EFU Gen. Ins. Ltd.15,276,6215,984,2292,296,697430,6331,752,66288,874761,732
13Excel Insurance3,6081,84717-18410,70510,7754,692
14Habib Insurance899,651437,790282,963-54,585191,12061,241160,084
15IGI Insurance2,322,0001,164,712632,487-123,895273,269151,14562,017
16Jubilee General Ins.6,366,3543,462,4191,835,201310,5801,029,19254,353808,524
17New Hampshire Ins.-11,5016,4669,101-63,48622885,28859,945
18Pakistan Gen. Ins.201,098218,7832,58342,437108,69650,03510,643
19Premier Ins.679,612404,167246,49962,952176,21474,12898,435
20Reliance Insurance845,493260,79869,60944,52191,63140,714-25,782
21SPI Insurance515,933410,246127,37161,025118,74472,00110,572
22Security Gen. Insc.1,777,360373,02868,49911,29156,56884,872806,042
23Shaheen Ins.275,000214,87872,69540,06550,62545,19921,415
24Sindh Insurance2,762,6122,028,5921,855,545102,58138,116720128,447
25TPL Insurance Ltd.1,053,794997,301422,323-123,648443,515220,35319,426
26UBL Insurer2,360,699698,916307,152-57,111249,28190,49837,796
27United Ins.3,681,9662,156,9181,285,706177,463437,726442,27271,247
28Universal Ins.19,5238,318-5,211-17648,1974,62017,365
Source: Insurance Association of Pakistan
STATISTICS FOR THE NINE MONTH PERIOD ENDED 30 SEPTEMBER 2017 (Life Members) (Rs in ‘000)
S.NoCompanyTotal Gross PremiumTotal Net PremiumNet ClaimTotal Gross Acq. costsGross Admin. ExpCommission from ReinsurersInvestment
1Adamjee Life8,702,5898,337,9123,159,2431,206,875699,5840-104,750
2East West Life26,97922,34928,2852,39820,439-29510,613
3EFU Life22,613,63422,103,22910,956,7983,641,8844,829,91712,7552,059,051
4IGI Life4,321,7604,210,2243,264,621520,590314,00218,197620,418
5Jubilee Life32,693,52231,656,5509,980,7845,875,4851,855,886-87,341-2,739,414
6State Life50,963,12650,899,33129,229,71510,096,3655,501,208-9,48347,597,849
7TPL Life212,747201,97823,75630,372174,95906,110
Source: Insurance Association of Pakistan

 

ISLAMIC FINANCE COUNTRY RANKINGS
CountryIslamic Finance IndicatorIslamic Finance Country Index (IFCI)Islamic Banking Share in Total Banking Assets
Malaysia118
Iran1221
Saudi Arabia434
UAE249
Kuwait655
Pakistan7614
Indonesia9721
Bahrain3813
Qatar897
Bangladesh111010
Sudan12112
Jordan101312
Brunei14153
Oman51616
Singapore152534
Source: Author’s compilation based on Thomson Reuters, 2017; Dubai Islamic Bank, 2017b, and IFSB, 2017.

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