The 2012 version of the ICMIF Members Key Statistics report analyses in detail the financial data about member companies at a global and regional level between 2007 and 2012.
For the first time, three separate reports have been published analysing different aspects of members’ financial performance in 2012: Premium Growth, Product Lines and Balance Sheets.
The Premium Growthreport highlights how the premium income of ICMIF members increased by 2.5% in 2012 compared with the previous year, as members have collectively increased their global market share from 4.8% in 2007 to 5.5% in 2012. A similar growth was experienced in life and non-life premiums of member companies, with a market share in 2012 of 4.75% (2007: 3.95%) and 6.42% (2007: 6.15%) respectively.
Once again, the largest and fastest-growing ICMIF members in 2012 (as well as the fastest-growing members since 2007) are shown in premium tables, split between developed and developing nations, and for life and non-life business.
The two new reports produced by ICMIF’s Shared Intelligence department provide an analysis of members’ insurance product lines for life and non-life business, and an analysis of their balance sheets (total assets, investments and capital/policyholder surplus).
These reports are member-only reports and require members to register/login to the website to view them.
Highlights of the collective performance of ICMIF members in 2012 are below.
- USD 252 billion in premium income
- 5.5% share of the global insurance market
- USD 1.53 trillion in total assets
- 250,000 people employed by member companies
- Serve over 190 million policyholders/members