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Quick Tour Country Profiles. International Markets Market Intelligence January 2010. FOR MANAGING AGENTS AND BROKERS. Offices. North. Europe. China. Japan. America. India,. Latin. Middle. Asia. America. East and. Pacific. Africa. North America. Latin America. Europe. IMEA.

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Quick tour country profiles

Quick TourCountry Profiles

International Markets

Market IntelligenceJanuary 2010

FOR MANAGING AGENTS AND BROKERS


Offices
Offices

North

Europe

China

Japan

America

India,

Latin

Middle

Asia

America

East and

Pacific

Africa

North America

Latin America

Europe

IMEA

Asia Pacific

Click Box to navigate

QUICK TOUR (Country Profiles)


North America

Latin America

Europe

IMEA

Asia Pacific

North America

Offices

Illinois

Kentucky

New York

Montreal

Toronto

US Virgin Islands

Representation

West Coast

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

US

Profile

  • Key strengths and challenges of the economy

  • Size and growth of the economy

  • Basic economic indicators

  • Key insurers

  • Insurance industry events

  • Basic insurance indicators

Click Box to navigate

  • Lloyd’s office details and contacts

  • Trading position and size of Lloyd’s business

  • Available market intelligence products

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

US

> Back to Country Dashboard

Business Environment > Strengths & Challenges

  • STRENGTHS

  • A large market that attracts investors and companies.

  • Corporate reactivity and flexibility rest on the substantial sector and geographic mobility of the work force and the flexibility of labour legislation.

  • The quality of higher education and universities and the size of the high technology sector contribute to maintaining R&D at a high level and foster the capacity to innovate.

    CHALLENGES

  • The economy is highly dependent on property and financial asset values.

  • The decline in the traditional manufacturing industry tends to keep the current account balance in deficit.

  • Very large energy needs makes it crucial to allocate resources to investments focused on adapting to environmental constraints.

  • Demographic pressures have exposed the inadequacy of health and retirement financing systems.

  • The poor condition of infrastructure tends to undermine corporate competitiveness.

Based on: > http://globaledge.msu.edu/

Business Environment > Basic Indicators

Gross Domestic Product (GDP)(at constant prices; billion USD)

Gross Domestic Product (GDP) Growth(in annual % change)

Rankings

Ease of Doing BusinessUS ranks 3rdout of 181 countriesGlobal CompetitivenessUS ranks 1stout of 134 countries

Quick LinksDoing Business > www.doingbusiness.org

Competitiveness > www.weforum.org

03

US

UK

US

UK

16,000

2

14,265

14,003

1.1%

01

0.7%

1

12,000

0

-1

8,000

-2

-3

2674

4,000

2,007

-2.8%

-4

-4.1%

-5

0

Global Opportunitiesfor business indicators> www.lloyds.com/marketintelligence

2008

2009 Forecast

2008

2009 Forecast

QUICK TOUR (Country Profiles)

Based on: > www.imf.org

Based on: > www.imf.org


Business Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

US

> Back to Country Dashboard

Insurance Environment > Key Stakeholders and Events

  • Major Insurers

  • State Farm > www.statefarm.com

  • AIG > www.aig.com

  • Allstate > www.allstate.com

  • Travelers > www.travelers.com

  • Liberty Mutual > www.libertymutual.com

  • Nationwide > www.nationwide.com

  • Farmers > www.farmers.com

  • Berskshire Hathaway > www.berkshirehathaway.com

  • Progressive > www.progressive.com

  • Zurich > www.zurich.com

Key Industry & Lloyd’s Events

Association Insurance Information Institute > www.iii.org

Regulator National Association of Insurance Commissioners > www.naic.org

> www.lloyds.com/News_Centre/Events

Insurance Environment > Key Statistics

Gross Written Premiums (GWP)(direct non-life GWP at constant prices; million USD)

Density(direct non-life GWP per capita; USD)

Broker PenetrationEstimated broker penetration: 75% – 100%Quick Links

Insurance Information Institute> www.iii.org/international/profiles/

Worldwide Assecuranz Directory> http://assecuranz.kompass.com/

US

UK

US

UK

Based on soft intelligence and Axco, Statistics: > www.axcoinfo.com/

800,000

2,500

2,177

662,432

658,674

2,000

600,000

1,276

1,500

400,000

1,000

200,000

115,725

107,393

500

0

0

2007

2008

2008 Density

QUICK TOUR (Country Profiles)

Based on: > www.swissre.com > “World Insurance in 2008”

Based on: > www.swissre.com > “World Insurance in 2008”

Insurance Environment


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

US

> Back to Country Dashboard

Lloyd’s Business > Office Details

  • Lloyd’s President, North America

    Mr Henry Watkins

    The Museum Office Building

    25 West 53rd Street

    14th Floor

    New York NY 10019

  • TELEPHONE+1 212 382 4090

  • FAX+1 212 382 4070

  • EMAIL> hank.watkins[email protected]

  • WEBSITE> www.lloyds.com/america

  • Offices / Representation

    Illinois

    Ms Maryanne Swaim

  • TELEPHONE+1 312 407 6201

  • EMAIL> [email protected]

  • US Virgin Islands

    Mr Henry L Feuerzeig

  • TELEPHONE+1 340 715 4443

  • EMAIL> [email protected]

Lloyd’s Business > Key Statistics, Trading Position and Market Intelligence

2008 Lloyd’s Gross Written Premiums

Trading Position

Market Intelligence

> www.lloyds.com/crystal

Direct – Licensed:No, except, Illinois, Kentucky and US Virgin IslandsDirect – Surplus Lines:Yes, except Kentucky and the US Virgin IslandsReinsurance: Most syndicates accredited reinsurers in all 50 states

Lloyd’s GWP: USD 11.00bn*

Direct: USD 6.45bn*

Reinsurance: USD 4.56bn*

*at constant prices; million USD

See:Data limitations for detail

Managing Agents have access to information via:www.lloyds.com/REGIONALWATCH> Managing Agent Version> North America > US

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Canada

Profile

  • Key strengths and challenges of the economy

  • Size and growth of the economy

  • Basic economic indicators

  • Key insurers

  • Insurance industry events

  • Basic insurance indicators

Click Box to navigate

  • Lloyd’s office details and contacts

  • Trading position and size of Lloyd’s business

  • Available market intelligence products

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Canada

> Back to Country Dashboard

Business Environment > Strengths & Challenges

  • STRENGTHS

  • The North American Free Trade Agreement, involving Canada, the US and Mexico, has brought a trade boom for Canada.

  • Economically and technologically the nation has developed in parallel with the US.

  • Despite moderate deterioration of their profitability in the current unfavourable economic conditions, companies have in general remained in satisfactory financial health with the several recent good years enabling them to firm up their balance sheets.

    CHALLENGES

  • Canada’s economy suffered due to persistently poor export performance — with a quarter of Canada's growth dependent on economic conditions in the US and the downturn of investment.

  • Canada faces the political challenges of meeting public demands for quality improvements in health care and education services, as well as responding to separatist concerns in predominantly francophone Quebec.

  • Canada also aims to develop its diverse energy resources while maintaining its commitment to the environment.

Based on: > http://globaledge.msu.edu/

Business Environment > Basic Indicators

Gross Domestic Product (GDP)(at constant prices; billion USD)

Gross Domestic Product (GDP) Growth(in annual % change)

Rankings

Ease of Doing BusinessCanada ranks 8thout of 181 countriesGlobal CompetitivenessCanada ranks 10thout of 134 countries

Quick LinksDoing Business > www.doingbusiness.org

Competitiveness > www.weforum.org

08

Canada

UK

Canada

UK

0.7%

0.5%

3,000

1

2674

10

0

2,007

2,000

-1

1,511

1,229

-2

1,000

-3

-2.5%

-4

-4.1%

-5

0

Global Opportunitiesfor business indicators> www.lloyds.com/marketintelligence

2008

2009 Forecast

2008

2009 Forecast

QUICK TOUR (Country Profiles)

Based on: > www.imf.org

Based on: > www.imf.org


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Canada

> Back to Country Dashboard

Insurance Environment > Key Stakeholders and Events

  • Major Insurers

  • Intact > www.intactinsurance.com

  • Aviva > www.avivacanada.com

  • Coperators > www.cooperators.ca

  • TD > www.tdcanadatrust.com

  • Economical > www.economicalinsurance.com

  • State Farm > www.statefarm.ca

  • RSA > www.rsa.ca

  • Lloyd’s > www.lloyds.com

  • Wawanesa > www.wawanesa.com

  • Desjardins General > www.desjardins.com

Key Industry & Lloyd’s Events

Association Insurance Bureau of Canada > www.ibc.ca

Regulator OSFI > www.osfi-bsif.gc.ca

> www.lloyds.com/News_Centre/Events

Insurance Environment > Key Statistics

Gross Written Premiums (GWP)(direct non-life GWP at constant prices; million USD)

Density(direct non-life GWP per capita; USD)

Broker PenetrationEstimated broker penetration: 75% – 100%Quick Links

Insurance Information Institute> www.iii.org/international/profiles/

Worldwide Assecuranz Directory> http://assecuranz.kompass.com/

Canada

UK

Canada

UK

Based on soft intelligence and Axco, Statistics: > www.axcoinfo.com/

200,000

2,500

2,133

2,000

150,000

115,725

107,393

1,276

1,500

100,000

1,000

57,319

55,415

50,000

500

0

0

2007

2008

2008 Density

QUICK TOUR (Country Profiles)

Based on: > www.swissre.com > “World Insurance in 2008”

Based on: > www.swissre.com > “World Insurance in 2008”


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Canada

> Back to Country Dashboard

Lloyd’s Business > Office Details

  • Lloyd’s President for Canada

    Ms Deborah Moor

    1155 Rue Metcalfe

    Suite 2220

    Montreal Quebec H3B 2V6

  • TELEPHONE+1 514 864 5484

  • FAX+1 514 861 0470

  • EMAIL> [email protected]

  • WEBSITE> www.lloyds.com/canada

Lloyd’s Business > Key Statistics, Trading Position and Market Intelligence

2008 Lloyd’s Gross Written Premiums

Trading Position

Market Intelligence

Market Intelligence

> www.lloyds.com/crystal

Direct:Lloyd's is licensed for all classes of insurance except life, title, mortgage, credit protection, home warranty (in the province of British Columbia only) and hail in respect of crop (in the province of Quebec only).Reinsurance: Lloyd's is licensed for all classes of reinsurance except life, title, mortgage, credit protection, home warranty (in the province of British Columbia only) and hail in respect of crop (in the province of Quebec only).

Lloyd’s GWP: USD 1.67bn*

Direct: USD 1.43bn*

Reinsurance: USD 235m*

*at constant prices; million USD

See:Data limitations for detail

Managing Agents have access to information via:www.lloyds.com/REGIONALWATCH> Managing Agent Version> North America > Canada

QUICK TOUR (Country Profiles)


North America

Latin America

Europe

IMEA

Asia Pacific

Europe

TYPE 1

Austria

Denmark

Norway

Portugal

TYPE 2

Greece / Cyprus

Israel

Malta

Netherlands / Belgium

TYPE 3

France

Germany

Ireland

Italy

Poland

Spain

Sweden

Switzerland

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Austria – TYPE 1 Office

Profile

  • Key strengths and challenges of the economy

  • Size and growth of the economy

  • Basic economic indicators

  • Key insurers

  • Insurance industry events

  • Basic insurance indicators

Click Box to navigate

  • Lloyd’s office details and contacts

  • Trading position and size of Lloyd’s business

  • Available market intelligence products

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Austria – TYPE 1 Office

> Back to Country Dashboard

Business Environment > Strengths & Challenges

  • STRENGTHS

  • Despite the deterioration of the economic context, Austrian companies are likely to remain in satisfactory condition. The past few years have allowed them to flesh out their balance sheets and improve their cash positions.

  • Austria country experienced no speculative property bubble and a weakening Euro, if sustained, is likely to enhance their competitiveness.

    CHALLENGES

  • The sectors with nonetheless higher risk profiles include construction, wood, home-appliance and furniture distribution, transport, and notably an automotive subcontracting segment that has particularly suffered from the downturn of vehicle sales on the continent.

  • Household consumption has thus become the bulwark of the economy while nonetheless remaining sluggish affected by weak wage growth and a deteriorating job picture. The rise of unemployment, albeit moderate, is expected to offset the positive effects of easing inflation fiscal stimuli.

  • Corporate investment is also expected to decline as a result of the credit crunch and weak foreign demand.

Based on: > http://globaledge.msu.edu/

Business Environment > Basic Indicators

Gross Domestic Product (GDP)(at constant prices; billion USD)

Gross Domestic Product (GDP) Growth(in annual % change)

Rankings

Ease of Doing BusinessAustria ranks 27th out of 181 countriesGlobal CompetitivenessAustria ranks 14thout of 134 countries

Quick LinksDoing Business > www.doingbusiness.org

Competitiveness > www.weforum.org

27

Austria

UK

Austria

UK

3

3,000

2674

1.8%

14

2

0.7%

2,007

1

2,000

0

-1

-2

1,000

-3

415

362

-3.0%

-4

-4.1%

0

-5

Global Opportunities for business indicators> www.lloyds.com/marketintelligence

2008

2009 Forecast

2008

2009 Forecast

QUICK TOUR (Country Profiles)

Based on: > www.imf.org

Based on: > www.imf.org


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Austria – TYPE 1 Office

> Back to Country Dashboard

Insurance Environment > Key Stakeholders and Events

  • Major Insurers

  • Generali > www.generali.at

  • Wiener Staedtische > www.wienerstaedtische.at

  • UNIQA > www.uniqua.at

  • Allianz > www.allianz.at

  • Donau > www.donauversicherung.at

  • Zurich > www.zurich.at

  • Grazer Wechselseitige > www.grawe.at

  • Oberosterrichische > www.keinesorgen.at

  • Niederoesterreichische > www.noev.at

  • Wuestenrot > www.wuestenrot.at

Key Industry & Lloyd’s Events

Association Verband der Versicherungsunternehmen > www.vvo.at

Regulator Bundesministerium fuer Finanzen > www.fma.gv.at

> www.lloyds.com/News_Centre/Events

Insurance Environment > Key Statistics

Gross Written Premiums (GWP)(direct non-life GWP at constant prices; million USD)

Density(direct non-life GWP per capita; USD)

Broker PenetrationEstimated broker penetration: 25% – 50%Quick Links

Insurance Information Institute> www.iii.org/international/profiles/

Worldwide Assecuranz Directory> http://assecuranz.kompass.com/

Based on soft intelligence and Axco, Statistics: > www.axcoinfo.com/

Austria

UK

Austria

UK

150,000

2,000

1,569

115,725

107,393

120,000

1,500

1,276

90,000

1,000

60,000

500

30,000

13,095

11,876

0

0

Global Opportunities for insurance indicators> www.lloyds.com/marketintelligence

2007

2008

2008 Density

QUICK TOUR (Country Profiles)

Based on: > www.swissre.com > “World Insurance in 2008”

Based on: > www.swissre.com > “World Insurance in 2008”


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Austria – TYPE 1 Office

> Back to Country Dashboard

Lloyd’s Business > Office Details

  • Lloyd’s General representative

    Dr Harald Svoboda

    Kubac, Svoboda & Kirchweger

    Rechtsanwälte (GbR)

    Kantgasse 3

    1010 WienAustria

  • TELEPHONE+43 (0)1 713 07 13

  • FAX+ (43-1) 713 24 21

  • EMAIL> [email protected]

  • WEBSITE> www.lloyds.com/austria

  • Market Relations Manager

    Mr Volker Eutebach

  • TELEPHONE+49 (0)69 5970253

  • FAX+49 (0)69 550926

  • EMAIL> [email protected]

Lloyd’s Business > Key Statistics, Trading Position and Market Intelligence

2008 Lloyd’s Gross Written Premiums

Trading Position

Market Intelligence

> www.lloyds.com/crystal

Lloyd’s GWP: USD 54.6m*

Direct: USD 18.6m*

Reinsurance: USD 36.0m*

*at constant prices; million USD

See:Data limitations for detail

Services:YesEstablishment:YesReinsurance: Yes

Managing Agents have access to information via:www.lloyds.com/REGIONALWATCH> Managing Agent Version> Europe > Eastern Markets

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Belgium – TYPE 2 Office

Profile

  • Key strengths and challenges of the economy

  • Size and growth of the economy

  • Basic economic indicators

  • Key insurers

  • Insurance industry events

  • Basic insurance indicators

Click Box to navigate

  • Lloyd’s office details and contacts

  • Trading position and size of Lloyd’s business

  • Available market intelligence products

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Belgium – TYPE 2 Office

> Back to Country Dashboard

Business Environment > Strengths & Challenges

  • STRENGTHS

  • Multiculturalism and multilingualism, fostered by Belgium's geographic position and the presence of European institutions, have been assets in hosting foreign companies and developing foreign trade.

  • Located at the heart of a major economic area, Belgium is at the crossroads of many communication channels whether road, rail, or water transport.

  • Belgium is the European country where company creation is the speediest.

  • Household net worth ranks among the highest for industrialised countries.

    CHALLENGES

  • By limiting national prerogatives, regionalisation has complicated matters in reducing disparities between regions.

  • A sufficiently competitive product and service offer is lacking in many economic sectors.

  • The limited international scope of service companies is not conducive to innovation and development of high value-added sectors.

  • Inadequate professional training has impeded youth employment, which has contributed to maintaining high structural joblessness.

  • Deterioration of public sector finances has made it more difficult to implement measures intended to deal with the problems posed by an aging population.

Based on: > http://globaledge.msu.edu/

Business Environment > Basic Indicators

Gross Domestic Product (GDP)(at constant prices; billion USD)

Gross Domestic Product (GDP) Growth(in annual % change)

Rankings

Ease of Doing BusinessBelgium ranks 19th out of 181 countriesGlobal CompetitivenessBelgium ranks 19thout of 134 countries

Quick LinksDoing Business > www.doingbusiness.org

Competitiveness > www.weforum.org

19

Belgium

UK

Belgium

UK

2

3,000

2674

1.1%

0.7%

19

1

2,007

0

2,000

-1

-2

1,000

-3

506

434

-4

-3.8%

-4.1%

0

-5

Global Opportunities for business indicators> www.lloyds.com/marketintelligence

2008

2009 Forecast

2008

2009 Forecast

QUICK TOUR (Country Profiles)

Based on: > www.imf.org

Based on: > www.imf.org


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Belgium – TYPE 2 Office

> Back to Country Dashboard

Insurance Environment > Key Stakeholders and Events

  • Major Insurers

  • AXA > www.axa.be

  • BNP Paribas Fortis > www.fortis.be

  • Ethias > www.ethias.be

  • KBC > www.kbc.be

  • Winterthur (AXA) > www.winterthur.com

  • Dexia > www.dexia.be

  • Allianz > www.allianz.be

  • DKV > www.dkv.be

  • Vivium > www.vivium.be

  • Mercator > www.mercator.be

Key Industry & Lloyd’s Events

Association Insurance Companies' Association > www.assuralia.be

Regulator Banking, Finance and Insurance Commission > www.cbfa.be

> www.lloyds.com/News_Centre/Events

Insurance Environment > Key Statistics

Gross Written Premiums (GWP)(direct non-life GWP at constant prices; million USD)

Density(direct non-life GWP per capita; USD)

Broker PenetrationEstimated broker penetration: 50% – 75%Quick Links

Insurance Information Institute> www.iii.org/international/profiles/

Worldwide Assecuranz Directory> http://assecuranz.kompass.com/

Based on soft intelligence and Axco, Statistics: > www.axcoinfo.com/

Belgium

UK

Belgium

UK

1,277

1,276

150,000

1,400

115,725

1,200

107,393

120,000

1,000

90,000

800

600

60,000

400

16,358

30,000

14,527

200

0

0

Global Opportunities for insurance indicators> www.lloyds.com/marketintelligence

2007

2008

2008 Density

QUICK TOUR (Country Profiles)

Based on: > www.swissre.com > “World Insurance in 2008”

Based on: > www.swissre.com > “World Insurance in 2008”


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Belgium – TYPE 2 Office

> Back to Country Dashboard

Lloyd’s Business > Office Details

  • Lloyd’s General representative

    Mr Alexis Fontein

    Underwriters' in Belgium

    c/o D’Hoine & Mackay

    Schalienstraat 30

    2000 Antwerp

    Belgium

  • TELEPHONE+32 3470 2309

  • FAX+32 3470 2317

  • EMAIL> [email protected]

  • WEBSITE> www.lloyds.com/belgium

Lloyd’s Business > Key Statistics, Trading Position and Market Intelligence

2008 Lloyd’s Gross Written Premiums

Trading Position

Market Intelligence

> www.lloyds.com/crystal

Lloyd’s GWP: USD 144.6m*

Direct: USD 119.3m*

Reinsurance: USD 25.2m*

*at constant prices; million USD

See:Data limitations for detail

Services:YesEstablishment:YesReinsurance: Yes

Managing Agents have access to information via:www.lloyds.com/REGIONALWATCH> Managing Agent Version> Europe > Small Markets

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Cyprus – TYPE 2 Office

Profile

  • Key strengths and challenges of the economy

  • Size and growth of the economy

  • Basic economic indicators

  • Key insurers

  • Insurance industry events

  • Basic insurance indicators

Click Box to navigate

  • Lloyd’s office details and contacts

  • Trading position and size of Lloyd’s business

  • Available market intelligence products

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Cyprus – TYPE 2 Office

> Back to Country Dashboard

Business Environment > Strengths & Challenges

  • STRENGTHS

  • Cypriot political and economic situation is stable.

  • Corporate default probability is low on average.

  • Consumption remained relatively strong in 2008, buoyed by wage growth, low interest rates, and renewed confidence associated with the country's entry into the Euro zone.

  • The pace of investment slowed, however, after the exceptional growth achieved these past years.

    CHALLENGES

  • The deterioration of international economic conditions has affected exports of goods and services.

  • Private consumption is expected to suffer from the growth of household debt and the uncertainties stemming from the international financial crisis.

  • Property investment will likely undergo a severe slowdown attributable particularly to the decline of demand from non-residents for housing.

  • The election in February 2008 of Demetris Christofias as president on the promise of a dialogue with representatives of the Turkish community has created a more propitious climate for resolving the Cypriot question. Although negotiations began in September 2008, many difficult issues remain on the table like compensation for despoiled property and withdrawal of the Turkish troops garrisoned in the north of the island.

Based on: > http://globaledge.msu.edu/

Business Environment > Basic Indicators

Gross Domestic Product (GDP)(at constant prices; billion USD)

Gross Domestic Product (GDP) Growth(in annual % change)

Rankings

Ease of Doing BusinessCyprus ranks N/A out of 181 countriesGlobal CompetitivenessCyprus ranks 40thout of 134 countries

Quick LinksDoing Business > www.doingbusiness.org

Competitiveness > www.weforum.org

N/A

Cyprus

UK

Cyprus

UK

6

3,000

2674

40

3.7%

4

2,007

2

2,000

0.7%

0.3%

0

1,000

-2

-4

25

23

-4.1%

0

-6

Global Opportunities for business indicators> www.lloyds.com/marketintelligence

2008

2009 Forecast

2008

2009 Forecast

QUICK TOUR (Country Profiles)

Based on: > www.imf.org

Based on: > www.imf.org


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Cyprus – TYPE 2 Office

> Back to Country Dashboard

Insurance Environment > Key Stakeholders and Events

  • Major Insurers

  • Laiki > www.laiki.com

  • General Insurance of Cyprus > www.gic.com.cy

  • Pancyprian Insurance > www.hellenicbank.com

  • Cosmos > www.cosmosinsurance.com.cy

  • Atlantic > www.atlantic.com.cy

  • Universal Life > www.universallife.com.cy

  • American Home > www.aigcyprus.com

  • Minerva > www.minerva.com.cy

  • Commercial General > www.cgi.com.cy

  • Alpha Insurance > www.alphabank.com.cy

Key Industry & Lloyd’s Events

Association Insurance Association of Cyprus > www.iac.org.cy

Regulator Insurance Companies Control Service > www.mof.gov.cy

> www.lloyds.com/News_Centre/Events

Insurance Environment > Key Statistics

Gross Written Premiums (GWP)(direct non-life GWP at constant prices; million USD)

Density(direct non-life GWP per capita; USD)

Broker PenetrationEstimated broker penetration: 00% – 25%Quick Links

Insurance Information Institute> www.iii.org/international/profiles/

Worldwide Assecuranz Directory> http://assecuranz.kompass.com/

Based on soft intelligence and Axco, Statistics: > www.axcoinfo.com/

Cyprus

UK

Cyprus

UK

1,276

150,000

1,400

115,725

1,200

107,393

120,000

1,000

90,000

800

611

600

60,000

400

30,000

200

455

528

0

0

Global Opportunities for insurance indicators> www.lloyds.com/marketintelligence

2007

2008

2008 Density

QUICK TOUR (Country Profiles)

Based on: > www.swissre.com > “World Insurance in 2008”

Based on: > www.swissre.com > “World Insurance in 2008”


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Cyprus – TYPE 2 Office

> Back to Country Dashboard

Lloyd’s Business > Office Details

  • Lloyd’s General representative

    Ms Marianna Papadakis

    Lloyd's Cyprus Limited

    195 Arch Makarios lll Avenue

    Neocleous House

    Limassol 3030

    Cyprus

  • TELEPHONE+44 0207 327 6802

  • FAX+44 0207 327 5255

  • EMAIL> [email protected]

  • WEBSITE> www.lloyds.com/cyprus

Lloyd’s Business > Key Statistics, Trading Position and Market Intelligence

2008 Lloyd’s Gross Written Premiums

Trading Position

Market Intelligence

> www.lloyds.com/crystal

Lloyd’s GWP: USD 51.5m*

Direct: USD 31.6m*

Reinsurance: USD 19.9m*

*at constant prices; million USD

See:Data limitations for detail

Services:YesEstablishment:YesReinsurance: Yes

Managing Agents have access to information via:www.lloyds.com/REGIONALWATCH> Managing Agent Version> Europe > Small Markets

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Denmark – Type 1 Office

Profile

  • Key strengths and challenges of the economy

  • Size and growth of the economy

  • Basic economic indicators

  • Key insurers

  • Insurance industry events

  • Basic insurance indicators

Click Box to navigate

  • Lloyd’s office details and contacts

  • Trading position and size of Lloyd’s business

  • Available market intelligence products

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Denmark – Type 1 Office

> Back to Country Dashboard

Business Environment > Strengths & Challenges

  • STRENGTHS

  • Denmark has evolved into a modern, prosperous nation that is participating in the general political and economic integration of Europe.

  • Denmark joined NATO in 1949 and the EEC (now the EU) in 1973. At the same time, the country has opted out of certain elements of the European Union's Maastricht Treaty, including the European Economic and Monetary Union (EMU), European defence cooperation, and issues concerning certain justice and home affairs.

  • While Denmark was the first European country to slip into recession in 2008, exports managed to grow thanks to support from sales of services (maritime trading), oil, and natural gas.

    CHALLENGES

  • Bankruptcies accelerated during 2008, particularly in sectors focusing on household consumption (construction and property and related branches, wholesaling, and leisure).

  • Denmark’s financial sector also suffered with company failures up significantly.

Based on: > http://globaledge.msu.edu/

Business Environment > Basic Indicators

Gross Domestic Product (GDP)(at constant prices; billion USD)

Gross Domestic Product (GDP) Growth(in annual % change)

Rankings

Ease of Doing BusinessDenmark ranks 5thout of 181 countriesGlobal CompetitivenessDenmark ranks 3rdout of 134 countries

Quick LinksDoing Business > www.doingbusiness.org

Competitiveness > www.weforum.org

5

Denmark

UK

Denmark

UK

0.7%

1

3,000

2674

3

0

2,007

-1

2,000

-1.1%

-2

1,000

-3

343

290

-4

-4.0%

-4.1%

0

-5

Global Opportunities for business indicators> www.lloyds.com/marketintelligence

2008

2009 Forecast

2008

2009 Forecast

QUICK TOUR (Country Profiles)

Based on: > www.imf.org

Based on: > www.imf.org


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Denmark – Type 1 Office

> Back to Country Dashboard

Insurance Environment > Key Stakeholders and Events

  • Major Insurers

  • Tryg Skade > www.tryg.dk

  • Topdanmark > www.topdanmark.dk

  • Codan (RSA) > www.codan.dk

  • Alm. Brand > www.almbrand.dk

  • Danmark > www.sygeforsikring.dk

  • IHI Denmark (Bupa) > www.ihi.com

  • Alka > www.alka.dk

  • Nykredit > www.nykredit.dk

  • GF-Forsikring > www.gf-forsikring.dk

  • Danske Forsikring > www.danskeforsikring.dk

Key Industry & Lloyd’s Events

Association Forsikring & Pension > www.forsikringenshus.dk

Regulator Insurance Supervisory Authority > www.ftnet.dk

> www.lloyds.com/News_Centre/Events

Insurance Environment > Key Statistics

Gross Written Premiums (GWP)(direct non-life GWP at constant prices; million USD)

Density(direct non-life GWP per capita; USD)

Broker PenetrationEstimated broker penetration: 25% – 50%Quick Links

Insurance Information Institute> www.iii.org/international/profiles/

Worldwide Assecuranz Directory> http://assecuranz.kompass.com/

Based on soft intelligence and Axco, Statistics: > www.axcoinfo.com/

Denmark

UK

Denmark

UK

150,000

2,000

1,750

115,725

107,393

120,000

1,500

1,276

90,000

1,000

60,000

500

30,000

11,367

10,244

0

0

Global Opportunities for insurance indicators> www.lloyds.com/marketintelligence

2007

2008

2008 Density

QUICK TOUR (Country Profiles)

Based on: > www.swissre.com > “World Insurance in 2008”

Based on: > www.swissre.com > “World Insurance in 2008”


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Denmark – Type 1 Office

> Back to Country Dashboard

Lloyd’s Business > Office Details

  • Lloyd’s General representative

    Mr Jes Anker MikkelsenLloyd’s c/o Bech-Bruun

    Langelinie Allé 35

    DK-2100

    Copenhagen

    Denmark

  • TELEPHONE+45 (0)7227 3586

  • FAX+45 (0)7227 0027

  • EMAIL> [email protected]

  • WEBSITE> www.lloyds.com/denmark

  • Nordic Area Manager

    Mr Erik Borjesson

    Stureplan 4c

    4th Floor

    Stockholm

    114 35 Sweden

  • TELEPHONE+00 46 705 399 982

  • EMAIL> [email protected]

Lloyd’s Business > Key Statistics, Trading Position and Market Intelligence

2008 Lloyd’s Gross Written Premiums

Trading Position

Market Intelligence

> www.lloyds.com/crystal

Lloyd’s GWP: USD 166.4m*

Direct: USD 119.5m*

Reinsurance: USD 46.8m*

*at constant prices; million USD

See:Data limitations for detail

Services:Yes, other than aircraft liability

Establishment:Yes, other than life insurance, suretyship, credit or tourist assistanceReinsurance: Yes

Managing Agents have access to information via:www.lloyds.com/REGIONALWATCH> Managing Agent Version> Europe > Nordic Markets

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

France – Type 3 Office

Profile

  • Key strengths and challenges of the economy

  • Size and growth of the economy

  • Basic economic indicators

  • Key insurers

  • Insurance industry events

  • Basic insurance indicators

Click Box to navigate

  • Lloyd’s office details and contacts

  • Trading position and size of Lloyd’s business

  • Available market intelligence products

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

France – Type 3 Office

> Back to Country Dashboard

Business Environment > Strengths & Challenges

  • STRENGTHS

  • Good demographics facilitate generational renewal and spur household spending.

  • Diversification of energy supply sources has resulted in relative energy independence.

  • France boasts a trove of internationalised and completive major groups in many fields including energy, pharmaceuticals, cosmetics, luxury, and distribution.

  • A dynamic banking and financial sector has a strong presence abroad.

  • A highly skilled labour force and high hourly productivity partly compensate for a short work year.

  • Good quality infrastructure contributes to the country's attractiveness to tourists.

    CHALLENGES

  • The public finance deficit and debt are too high, particularly in view of the growth of health and pension spending.

  • The concentration of decision-making authority in Paris and the multiple local administrative levels has not been conducive to reducing geographic inequality.

  • Deficiencies in education and training have not facilitated access to the employment market for youth and the relatively unskilled.

  • The investment effort on R&D remains inadequate.

  • A somewhat unsuitable sectoral specialisation and the limited presence of French companies in high-growth emerging regions have affected foreign trade performance.

Based on: > http://globaledge.msu.edu/

Business Environment > Basic Indicators

Gross Domestic Product (GDP)(at constant prices; billion USD)

Gross Domestic Product (GDP) Growth(in annual % change)

Rankings

Ease of Doing BusinessFrance ranks 31stout of 181 countriesGlobal CompetitivenessFrance ranks 16thout of 134 countries

Quick LinksDoing Business > www.doingbusiness.org

Competitiveness > www.weforum.org

31

France

UK

France

UK

0.7%

0.7%

1

4,000

16

0

2,866

2674

3,000

2,499

-1

2,007

-2

2,000

-3

1,000

-3.0%

-4

-4.1%

0

-5

Global Opportunities for business indicators> www.lloyds.com/marketintelligence

2008

2009 Forecast

2008

2009 Forecast

QUICK TOUR (Country Profiles)

Based on: > www.imf.org

Based on: > www.imf.org


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

France – Type 3 Office

> Back to Country Dashboard

Insurance Environment > Key Stakeholders and Events

  • Major Insurers

  • Covea > www.covea.fr

  • Axa > www.axa.fr

  • Groupama > www.groupama.fr

  • AGF Allianz > www.allianz.fr

  • Generali > www.generali.fr

  • Macif > www.macif.fr

  • MAIF > www.maif.fr

  • ACM > www.acm.fr

  • Credit Agricole / Lyonnais > www.credit-agricole.com

  • Swiss Life > www.swisslife.fr

Key Industry & Lloyd’s Events

Association Federation Française des Societes d'Assurances > www.ffsa.com

Regulator Secrétariat du Comité des entreprises d'assurance > www.ceassur.fr

> www.lloyds.com/News_Centre/Events

Insurance Environment > Key Statistics

Gross Written Premiums (GWP)(direct non-life GWP at constant prices; million USD)

Density(direct non-life GWP per capita; USD)

Broker PenetrationEstimated broker penetration: 00% – 25%Quick Links

Insurance Information Institute> www.iii.org/international/profiles/

Worldwide Assecuranz Directory> http://assecuranz.kompass.com/

Based on soft intelligence and Axco, Statistics: > www.axcoinfo.com/

France

UK

France

UK

150,000

1,360

1,339

115,725

1,340

107,393

120,000

91,861

1,320

83,229

90,000

1,300

60,000

1,276

1,280

30,000

1,260

1,240

0

Global Opportunities for insurance indicators> www.lloyds.com/marketintelligence

2007

2008

2008 Density

QUICK TOUR (Country Profiles)

Based on: > www.swissre.com > “World Insurance in 2008”

Based on: > www.swissre.com > “World Insurance in 2008”


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

France – Type 3 Office

> Back to Country Dashboard

Lloyd’s Business > Office Details

  • Lloyd’s General representative

    Mr Guy-Antoine de La Rochefoucauld Lloyd's France SAS

    4 rue des Petits Pères

    75002 Paris

    France

  • TELEPHONE+33 1 42 60 43 43

  • FAX+33 1 42 60 14 41

  • EMAIL> [email protected]

  • WEBSITE> www.lloyds.com/france

Lloyd’s Business > Key Statistics, Trading Position and Market Intelligence

2008 Lloyd’s Gross Written Premiums

Trading Position

Market Intelligence

> www.lloyds.com/crystal

Lloyd’s GWP: USD 736.3m*

Direct: USD 425.6m*

Reinsurance: USD 310.7m*

*at constant prices; million USD

See:Data limitations for detail

Services:Yes

Establishment:Yes, except life assistanceReinsurance: Yes

Managing Agents have access to information via:www.lloyds.com/REGIONALWATCH> Managing Agent Version> Europe > Large Markets

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Germany – TYPE 3 Office

Profile

  • Key strengths and challenges of the economy

  • Size and growth of the economy

  • Basic economic indicators

  • Key insurers

  • Insurance industry events

  • Basic insurance indicators

Click Box to navigate

  • Lloyd’s office details and contacts

  • Trading position and size of Lloyd’s business

  • Available market intelligence products

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Germany – TYPE 3 Office

> Back to Country Dashboard

Business Environment > Strengths & Challenges

  • STRENGTHS

  • Comparatively sound public accounts means that the German government may have additional room for manoeuvre, particularly at a time of crisis.

  • Public and private efforts on research, already substantial, have been growing significantly.

  • Smaller German companies – the Mittelstand– play a central role in the economy as regards employment, innovation, and competitiveness.

  • "Co-determination" of joint-stock companies, mandatory with over 500 employees, has fostered consensus on strategic decisions and restructuring.

  • Good geographic and sector specialisation in conjunction with high competitiveness has resulted in a large trade surplus that will doubtless begin to grow again once the crisis is over.

  • Geographically nearby Central and Eastern European countries provide companies with a wealth of sales and production opportunities.

    CHALLENGES

  • Heavily dependant on exports, the German economy is closely tied to world economic conditions.

  • The plight of the persistently lagging economies of eastern Länder (federated states) is compounded by severe disparities between a north still dependent on traditional economic sectors and a south highly focused on growth sectors.

  • The family-type businesses prevalent in the Mittelstand complicate matters in obtaining bank financing that must comply with Basle II norms.

  • Despite merger and acquisition activity spurred by the crisis, the banking landscape remains fragmented, which tends to undermine profitability in the sector.

  • The inadequacy of facilities for small children has contributed to the low birth rate and aging of the population, which, in turn, have affected consumption.

  • The high proportion of youth lacking an adequate general education has resulted in less involvement by companies in apprenticeship programmes — which nonetheless concern two-thirds of the target age group – and in a lack of engineers.

Based on: > http://globaledge.msu.edu/

Business Environment > Basic Indicators

Gross Domestic Product (GDP)(at constant prices; billion USD)

Gross Domestic Product (GDP) Growth(in annual % change)

Rankings

Ease of Doing BusinessGermany ranks 25th out of 181 countriesGlobal CompetitivenessGermany ranks 7thout of 134 countries

Quick LinksDoing Business > www.doingbusiness.org

Competitiveness > www.weforum.org

25

Germany

UK

Germany

UK

3,668

1.3%

2

4,000

0.7%

7

1

3,060

2674

0

3,000

-1

2,007

-2

2,000

-3

1,000

-4

-4.1%

-5

0

-6

Global Opportunities for business indicators> www.lloyds.com/marketintelligence

-5.6%

2008

2009 Forecast

2008

2009 Forecast

QUICK TOUR (Country Profiles)

Based on: > www.imf.org

Based on: > www.imf.org


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Germany – TYPE 3 Office

> Back to Country Dashboard

Insurance Environment > Key Stakeholders and Events

  • Major Insurers

  • Allianz > www.allianz.com

  • HDI-Gerling > www.hdi-gerling.com

  • AXA > www.axa.com

  • R + V Allgemeine > www.ruv.de

  • Zurich > www.zurich.com

  • Victoria > www.victoria.de

  • Wuerttembergische > www.wuerttembergische.de

  • Gothaer > www.gothaer.de

  • Huk Coburg > www.huk.de

Key Industry & Lloyd’s Events

Association GDV > www.gdv.de

Regulator Bafin > www.bafin.de

> www.lloyds.com/News_Centre/Events

Insurance Environment > Key Statistics

Gross Written Premiums (GWP)(direct non-life GWP at constant prices; million USD)

Density(direct non-life GWP per capita; USD)

Broker PenetrationEstimated broker penetration: 50% – 75%Quick Links

Insurance Information Institute> www.iii.org/international/profiles/

Worldwide Assecuranz Directory> http://assecuranz.kompass.com/

Based on soft intelligence and Axco, Statistics: > www.axcoinfo.com/

Germany

UK

Germany

UK

150,000

2,000

131,807

121,446

1,573

115,725

107,393

120,000

1,500

1,276

90,000

1,000

60,000

500

30,000

0

0

Global Opportunities for insurance indicators> www.lloyds.com/marketintelligence

2007

2008

2008 Density

QUICK TOUR (Country Profiles)

Based on: > www.swissre.com > “World Insurance in 2008”

Based on: > www.swissre.com > “World Insurance in 2008”


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Germany – TYPE 3 Office

> Back to Country Dashboard

Lloyd’s Business > Office Details

  • Lloyd’s General representative

    Mr Burkard von Siegfried

    Niederlassung für Deutschland

    Gärtnerweg 3

    60322 Frankfurt

    Deutschland

  • TELEPHONE+ 49 (0)69 5970253

  • FAX+ 49 (0)69 550926

  • EMAIL> [email protected]

  • WEBSITE> www.lloyds.com/germany

  • Market Relations Manager

    Mr Volker Eutebach

  • TELEPHONE+49 (0)69 5970253

  • FAX+49 (0)69 550926

  • EMAIL> [email protected]

Lloyd’s Business > Key Statistics, Trading Position and Market Intelligence

2008 Lloyd’s Gross Written Premiums

Trading Position

Market Intelligence

> www.lloyds.com/crystal

Lloyd’s GWP: USD 518.9m*

Direct: USD 252.1m*

Reinsurance: USD 266.9m*

*at constant prices; million USD

See:Data limitations for detail

Services:YesEstablishment:YesReinsurance: Yes

Managing Agents have access to information via:www.lloyds.com/REGIONALWATCH> Managing Agent Version> Europe > Large Markets

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Greece – Type 2 Office

Profile

  • Key strengths and challenges of the economy

  • Size and growth of the economy

  • Basic economic indicators

  • Key insurers

  • Insurance industry events

  • Basic insurance indicators

Click Box to navigate

  • Lloyd’s office details and contacts

  • Trading position and size of Lloyd’s business

  • Available market intelligence products

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Greece – Type 2 Office

> Back to Country Dashboard

Business Environment > Strengths & Challenges

  • STRENGTHS

  • Greece’s political and economic situation is good. A basically stable and efficient business environment nonetheless leaves room for improvement.

  • Corporate default probability is low on average.

    CHALLENGES

  • Economic growth ran out of steam in 2008, in phase with the slowdown of domestic demand: household consumption slowed amid rising inflation and investment declined significantly, affected by the collapse of residential construction.

  • The government has outlined policies to cut the country's ballooning budget deficit in an effort to regain the trust of investors after some rating agencies have put the country on negative watch

  • Exports (tourism and merchant navy) suffered from the Euro appreciation, slumping foreign demand, and the slowdown of world trade.

  • Greece’s current account deficit widened slightly again while public sector debt, also disproportionately large, declined substantially thanks to the proceeds from privatisations.

Based on: > http://globaledge.msu.edu/

Business Environment > Basic Indicators

Gross Domestic Product (GDP)(at constant prices; billion USD)

Gross Domestic Product (GDP) Growth(in annual % change)

Rankings

Ease of Doing BusinessGreece ranks 96th out of 181 countriesGlobal CompetitivenessGreece ranks 67thout of 134 countries

Quick LinksDoing Business > www.doingbusiness.org

Competitiveness > www.weforum.org

96

Greece

UK

Greece

UK

4

3,000

2674

2.9%

67

3

2

2,007

0.7%

1

2,000

0

-1

-0.2%

1,000

-2

-3

358

325

-4

-4.1%

0

-5

Global Opportunities for business indicators> www.lloyds.com/marketintelligence

2008

2009 Forecast

2008

2009 Forecast

QUICK TOUR (Country Profiles)

Based on: > www.imf.org

Based on: > www.imf.org


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Greece – Type 2 Office

> Back to Country Dashboard

Insurance Environment > Key Stakeholders and Events

  • Major Insurers

  • Ethniki > www.ethniki-asfalistiki.gr

  • Interamerican > www.interamerican.gr

  • Agrotiki > www.agroins.com

  • Intersalonika > www.intersalonika.gr

  • Aspis > www.aspis.gr

  • Ydrogios > www.ydrogios.gr

  • Commercial Value > www.commercialvalue.gr

  • Groupama > www.groupama.gr

  • International Union

  • General Union

Key Industry & Lloyd’s Events

Association Association of Insurance Companies > www.eaee.gr

Regulator Private Insurance Supervisory Committee > www.pisc.gr

> www.lloyds.com/News_Centre/Events

Insurance Environment > Key Statistics

Gross Written Premiums (GWP)(direct non-life GWP at constant prices; million USD)

Density(direct non-life GWP per capita; USD)

Broker PenetrationEstimated broker penetration: 00% – 25%Quick Links

Insurance Information Institute> www.iii.org/international/profiles/

Worldwide Assecuranz Directory> http://assecuranz.kompass.com/

Based on soft intelligence and Axco, Statistics: > www.axcoinfo.com/

Greece

UK

Greece

UK

1,276

150,000

1,400

115,725

1,200

107,393

120,000

1,000

90,000

800

600

60,000

287

400

30,000

200

3,224

2,912

0

0

Global Opportunities for insurance indicators> www.lloyds.com/marketintelligence

2007

2008

2008 Density

QUICK TOUR (Country Profiles)

Based on: > www.swissre.com > “World Insurance in 2008”

Based on: > www.swissre.com > “World Insurance in 2008”


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Greece – Type 2 Office

> Back to Country Dashboard

Lloyd’s Business > Office Details

  • Lloyd’s General representative

    Ms Marianna Papadakis

    Office in Greece

    25A Boukourestiou Street

    106 71 Athens

    Greece

  • TELEPHONE+44 0207 327 6802

    +30 210 363 9156

  • FAX+44 0207 327 5255

  • EMAIL> [email protected]

  • WEBSITE> www.lloyds.com/greece

Lloyd’s Business > Key Statistics, Trading Position and Market Intelligence

2008 Lloyd’s Gross Written Premiums

Trading Position

Market Intelligence

> www.lloyds.com/crystal

Lloyd’s GWP: USD 221.5m*

Direct: USD 183.9m*

Reinsurance: USD 37.6m*

*at constant prices; million USD

See:Data limitations for detail

Services:Yes

Establishment:Yes

Reinsurance: Yes

Managing Agents have access to information via:www.lloyds.com/REGIONALWATCH> Managing Agent Version> Europe > Small Markets

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Ireland – Type 3 Office

Profile

  • Key strengths and challenges of the economy

  • Size and growth of the economy

  • Basic economic indicators

  • Key insurers

  • Insurance industry events

  • Basic insurance indicators

Click Box to navigate

  • Lloyd’s office details and contacts

  • Trading position and size of Lloyd’s business

  • Available market intelligence products

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Ireland – Type 3 Office

> Back to Country Dashboard

Business Environment > Strengths & Challenges

  • STRENGTHS

  • Ireland boasts a vibrant, globalised economy, with GDP per capita second only to Luxembourg's in the EU.

  • The "Celtic Tiger" period of the mid to late 1990s saw several years of double-digit GDP growth, driven by a progressive industrial policy that boosted large-scale foreign direct investment and exports.

    CHALLENGES

  • The decline of residential investment (11 per cent of GDP), which began as early as 2007 and will continue in 2009, has lopped off about 400 basis points of GDP growth.

  • The trend for corporate investment in both plant and facilities has been just as negative, affecting domestic actors as much as the foreign companies that have contributed so substantially to the prosperity achieved in recent years.

  • The reduction in public spending budgeted for 2009, intended to limit to the extent possible the severe widening of the fiscal deficit, is expected to affect public works.

Based on: > http://globaledge.msu.edu/

Business Environment > Basic Indicators

Gross Domestic Product (GDP)(at constant prices; billion USD)

Gross Domestic Product (GDP) Growth(in annual % change)

Rankings

Ease of Doing BusinessIreland ranks 7thout of 181 countriesGlobal CompetitivenessIreland ranks 22ndout of 134 countries

Quick LinksDoing Business > www.doingbusiness.org

Competitiveness > www.weforum.org

7

Ireland

UK

Ireland

UK

2

3,000

0.7%

2674

22

0

2,007

-2

2,000

-2.3%

-4

-4.1%

1,000

-6

273

218

-8

-8.0%

0

-10

Global Opportunities for business indicators> www.lloyds.com/marketintelligence

2008

2009 Forecast

2008

2009 Forecast

QUICK TOUR (Country Profiles)

Based on: > www.imf.org

Based on: > www.imf.org


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Ireland – Type 3 Office

> Back to Country Dashboard

Insurance Environment > Key Stakeholders and Events

  • Major Insurers

  • Hibernian (Aviva) > www.hibernian.ie

  • Quinn > www.quinn-direct.com

  • Allianz > www.allianz.ie

  • FBD > www.fbd.ie

  • AXA > www.axa.ie

  • RSA > www.rsa.ie

  • Zurich > www.zurich.ie

  • Irish Public Bodies > www.ipb.ie

  • AIG > www.aig.ie

  • Combined > www.combinedinsurance.ie

Key Industry & Lloyd’s Events

Association Irish Insurance Federation > www.iif.ie

Regulator The Financial Regulator > www.ifsra.ie

> www.lloyds.com/News_Centre/Events

Insurance Environment > Key Statistics

Gross Written Premiums (GWP)(direct non-life GWP at constant prices; million USD)

Density(direct non-life GWP per capita; USD)

Broker PenetrationEstimated broker penetration: 75% – 100%Quick Links

Insurance Information Institute> www.iii.org/international/profiles/

Worldwide Assecuranz Directory> http://assecuranz.kompass.com/

Based on soft intelligence and Axco, Statistics: > www.axcoinfo.com/

Ireland

UK

Ireland

UK

150,000

1,400

115,725

107,393

120,000

1,350

1,315

90,000

1,300

1,276

60,000

1,250

30,000

10,863

10,212

1,200

0

Global Opportunities for insurance indicators> www.lloyds.com/marketintelligence

2007

2008

2008 Density

QUICK TOUR (Country Profiles)

Based on: > www.swissre.com > “World Insurance in 2008”

Based on: > www.swissre.com > “World Insurance in 2008”


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Ireland – Type 3 Office

> Back to Country Dashboard

Lloyd’s Business > Office Details

  • Lloyd’s General representative

    Mr Eamonn P Egan Lloyd’s Ireland Representative Limited

    7-8 Wilton Terrace

    Dublin 2

    Ireland

  • TELEPHONE+35 31631 3600

  • EMAIL> [email protected]

  • WEBSITE> www.lloyds.com/ireland

Lloyd’s Business > Key Statistics, Trading Position and Market Intelligence

2008 Lloyd’s Gross Written Premiums

Trading Position

Market Intelligence

> www.lloyds.com/crystal

Brokers have access to information via:www.lloyds.com/MARKETPRESENTATIONS

Lloyd’s GWP: USD 245.5m*

Direct: USD 172.9m*

Reinsurance: USD 72.6m*

*at constant prices; million USD

See:Data limitations for detail

Services:Yes, except permanent health insurance

Establishment:Yes, except permanent health insuranceReinsurance: Yes

Managing Agents have access to information via:www.lloyds.com/REGIONALWATCH> Managing Agent Version> Europe > Large Markets

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Israel – Type 2 Office

Profile

  • Key strengths and challenges of the economy

  • Size and growth of the economy

  • Basic economic indicators

  • Key insurers

  • Insurance industry events

  • Basic insurance indicators

Click Box to navigate

  • Lloyd’s office details and contacts

  • Trading position and size of Lloyd’s business

  • Available market intelligence products

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Israel – Type 2 Office

> Back to Country Dashboard

Business Environment > Strengths & Challenges

  • STRENGTHS

  • With an open and diversified economy, Israel's engagement in the OECD accession process further strengthens its capacity to attract foreign direct investment.

  • The country holds leadership positions on high value-added products integrating advanced and intermediate technology.

  • The work force is highly skilled.

  • Israel can count on political and financial backing from the US and the Diaspora.

    CHALLENGES

  • Israel’s public sector debt, although in decline, is still high.

  • A balkanised political landscape gives rise to shaky government coalitions that often complicate the budgetary process.

  • Exports are dependent on economic conditions in the US.

  • The climate of insecurity associated with the lingering Israeli-Palestinian conflict undermines the country's economic potential.

Based on: > http://globaledge.msu.edu/

Business Environment > Basic Indicators

Gross Domestic Product (GDP)(at constant prices; billion USD)

Gross Domestic Product (GDP) Growth(in annual % change)

Rankings

Ease of Doing BusinessIsrael ranks 30th out of 181 countriesGlobal CompetitivenessIsrael ranks 23rdout of 134 countries

Quick LinksDoing Business > www.doingbusiness.org

Competitiveness > www.weforum.org

30

Israel

UK

Israel

UK

6

3,000

2674

3.9%

23

4

2,007

2

2,000

0.7%

0

-2

1,000

-1.7%

-4

202

204

-4.1%

0

-6

Global Opportunities for business indicators> www.lloyds.com/marketintelligence

2008

2009 Forecast

2008

2009 Forecast

QUICK TOUR (Country Profiles)

Based on: > www.imf.org

Based on: > www.imf.org


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Israel – Type 2 Office

> Back to Country Dashboard

Insurance Environment > Key Stakeholders and Events

  • Major Insurers

  • Harel > www.harel-group.com

  • Clal > www.clalbit.co.il

  • Menorah > www.menoramivt.co.il

  • Phoenix > www.fnx.co.il

  • Migdal > www.migdal.co.il

  • Ayalon > www.ayalon-ins.co.il

  • Eliahu > www.eliahu.co.il

  • IDI > www.555.co.il

  • ILD > www.ildinsur.co.il

  • AIG > www.aig.co.il

Key Industry & Lloyd’s Events

Association Israel Insurance Association > www.igudbit.org.il

Regulator Ministry of Finance > www.mof.gov.il

> www.lloyds.com/News_Centre/Events

Insurance Environment > Key Statistics

Gross Written Premiums (GWP)(direct non-life GWP at constant prices; million USD)

Density(direct non-life GWP per capita; USD)

Broker PenetrationEstimated broker penetration: 00% – 25%Quick Links

Insurance Information Institute> www.iii.org/international/profiles/

Worldwide Assecuranz Directory> http://assecuranz.kompass.com/

Based on soft intelligence and Axco, Statistics: > www.axcoinfo.com/

Israel

UK

Israel

UK

1,276

150,000

1,400

115,725

1,200

107,393

120,000

1,000

764

90,000

800

600

60,000

400

30,000

200

5,381

4,550

0

0

Global Opportunities for insurance indicators> www.lloyds.com/marketintelligence

2007

2008

2008 Density

QUICK TOUR (Country Profiles)

Based on: > www.swissre.com > “World Insurance in 2008”

Based on: > www.swissre.com > “World Insurance in 2008”


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Israel – Type 2 Office

> Back to Country Dashboard

Lloyd’s Business > Office Details

  • Lloyd’s General representative

    Mr Jonathan Gross

    Gibor Sport Bldg.

    7 Menachem Begin Rd.

    Ramat Gan 52521

    Israel

  • TELEPHONE+972 (0)3 612 2233

  • FAX+972 (0)3 612 2233

  • EMAIL> [email protected]

  • WEBSITE> www.lloyds.com/israel

Lloyd’s Business > Key Statistics, Trading Position and Market Intelligence

2008 Lloyd’s Gross Written Premiums

Trading Position

Market Intelligence

> www.lloyds.com/crystal

Lloyd’s GWP: USD 118.8m*

Direct: USD 68.0m*

Reinsurance: USD 50.8m*

*at constant prices; million USD

See:Data limitations for detail

Direct:Yes

Reinsurance: Yes

Managing Agents have access to information via:www.lloyds.com/REGIONALWATCH> Managing Agent Version> Europe > Small Markets

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Italy – TYPE 3 Office

Profile

  • Key strengths and challenges of the economy

  • Size and growth of the economy

  • Basic economic indicators

  • Key insurers

  • Insurance industry events

  • Basic insurance indicators

Click Box to navigate

  • Lloyd’s office details and contacts

  • Trading position and size of Lloyd’s business

  • Available market intelligence products

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Italy – TYPE 3 Office

> Back to Country Dashboard

Business Environment > Strengths & Challenges

  • STRENGTHS

  • The renown of some economic sectors (luxury, home, clothing, food) compensates to some extent for high production costs.

  • The smaller companies comprising some 200 industrial districts have been a major source of sectoral synergy.

  • Italy's exceptional tourist potential enables it to fend off competition from new European destinations.

  • Labour market reform has contributed to increasing employment and reducing unemployment.

    CHALLENGES

  • An inadequate proportion of high value-added products and high technological content has hampered export performance.

  • The insufficient level of productivity gains is attributable to the inadequacy of the resources devoted to research, penetration by high technology in companies, and number of higher education graduates.

  • Tax evasion and the underground economy contribute to maintaining massive public sector debt that limits fiscal room for manoeuvre.

  • Bureaucratic and legal procedures are slow despite the recent improvements in bankruptcy law.

  • Massive subsidies have not sufficed to close the gap between the south and the rest of the country.

Based on: > http://globaledge.msu.edu/

Business Environment > Basic Indicators

Gross Domestic Product (GDP)(at constant prices; billion USD)

Gross Domestic Product (GDP) Growth(in annual % change)

Rankings

Ease of Doing BusinessItaly ranks 65th out of 181 countriesGlobal CompetitivenessItaly ranks 49thout of 134 countries

Quick LinksDoing Business > www.doingbusiness.org

Competitiveness > www.weforum.org

65

Italy

UK

Italy

UK

0.7%

1

3,000

2674

49

2,314

0

2,007

1,988

-1

2,000

-1.0%

-2

1,000

-3

-4

-4.1%

0

-5

-4.5%

Global Opportunities for business indicators> www.lloyds.com/marketintelligence

2008

2009 Forecast

2008

2009 Forecast

QUICK TOUR (Country Profiles)

Based on: > www.imf.org

Based on: > www.imf.org


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Italy – TYPE 3 Office

> Back to Country Dashboard

Insurance Environment > Key Stakeholders and Events

  • Major Insurers

  • Allianz > www.allianz.it

  • Fondiaria-SAI > www.fondiaria-sai.it

  • Generali > www.generali.it

  • Compagnia Di Ass Di Milano > www.milass.it

  • Aurora > www.auroraassicurazioni.it

  • INA > www.auroraassicurazioni.it

  • Unipol > www.unipol.it

  • Toro > www.toroassicurazioni.it

  • AXA > www.axa-italia.it

  • Zurich > www.zurich.it

  • Key Industry & Lloyd’s Events

Association ANIA > www.ania.it

Regulator Insurance Supervisory Institute > www.isvap.it

> www.lloyds.com/News_Centre/Events

Insurance Environment > Key Statistics

Gross Written Premiums (GWP)(direct non-life GWP at constant prices; million USD)

Density(direct non-life GWP per capita; USD)

Broker PenetrationEstimated broker penetration: 25% – 50%Quick Links

Insurance Information Institute> www.iii.org/international/profiles/

Worldwide Assecuranz Directory> http://assecuranz.kompass.com/

Based on soft intelligence and Axco, Statistics: > www.axcoinfo.com/

Italy

UK

Italy

UK

1,276

150,000

1,400

115,725

1,200

107,393

120,000

921

1,000

90,000

800

58,066

54,137

600

60,000

400

30,000

200

0

0

Global Opportunities for insurance indicators> www.lloyds.com/marketintelligence

2007

2008

2008 Density

QUICK TOUR (Country Profiles)

Based on: > www.swissre.com > “World Insurance in 2008”

Based on: > www.swissre.com > “World Insurance in 2008”


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Italy – TYPE 3 Office

> Back to Country Dashboard

Lloyd’s Business > Office Details

  • Lloyd’s General representative

    Mr Enrico Bertagna

    Corso Garibaldi 86

    20121 Milano

    Italy

  • TELEPHONE+ 39 02 637 8881

  • FAX+ 39 02 637 8881

  • EMAIL> [email protected]

  • WEBSITE> www.lloyds.com/italy

Lloyd’s Business > Key Statistics, Trading Position and Market Intelligence

2008 Lloyd’s Gross Written Premiums

Trading Position

Market Intelligence

> www.lloyds.com/crystal

Services:YesEstablishment:Yes, except motor liability, surety and life insurance

Reinsurance: Yes

Lloyd’s GWP: USD 704.4m*

Direct: USD 440.3m*

Reinsurance: USD 264.1m*

*at constant prices; million USD

See:Data limitations for detail

Managing Agents have access to information via:www.lloyds.com/REGIONALWATCH> Managing Agent Version> Europe > Large Markets

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Malta – Type 2 Office

Profile

  • Key strengths and challenges of the economy

  • Size and growth of the economy

  • Basic economic indicators

  • Key insurers

  • Insurance industry events

  • Basic insurance indicators

Click Box to navigate

  • Lloyd’s office details and contacts

  • Trading position and size of Lloyd’s business

  • Available market intelligence products

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Malta – Type 2 Office

> Back to Country Dashboard

Business Environment > Strengths & Challenges

  • STRENGTHS

  • Malta has liberalised its economy since joining the EU in 2004 and joined the Euro zone in January 2008.

  • After three years of strong expansion, economic growth stalled amid a deteriorating international environment.

  • Malta’s very liquid banking sector means that there is little dependence on external financing even with a portfolio concentrated on property.

    CHALLENGES

  • The increase in the cost of living, decline of public sector investment, and lagging pace of new housing starts and investment in the manufacturing sector resulted in a domestic demand slowdown.

Based on: > http://globaledge.msu.edu/

Business Environment > Basic Indicators

Gross Domestic Product (GDP)(at constant prices; billion USD)

Gross Domestic Product (GDP) Growth(in annual % change)

Rankings

Ease of Doing BusinessMalta ranks N/Aout of 181 countriesGlobal CompetitivenessMalta ranks 52ndout of 134 countries

Quick LinksDoing Business > www.doingbusiness.org

Competitiveness > www.weforum.org

N/A

Malta

UK

Malta

UK

1.6%

2

3,000

2674

0.7%

52

1

2,007

0

2,000

-1

-2

-1.5%

1,000

-3

-4

8

7

-4.1%

0

-5

Global Opportunities for business indicators> www.lloyds.com/marketintelligence

2008

2009 Forecast

2008

2009 Forecast

QUICK TOUR (Country Profiles)

Based on: > www.imf.org

Based on: > www.imf.org


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Malta – Type 2 Office

> Back to Country Dashboard

Insurance Environment > Key Stakeholders and Events

  • Major Insurers

  • Middlesea > www.middlesea.com

  • Gasan Mamo > www.gasanmamo.com

  • Atlas > www.atlas.com.mt

  • Elmo > www.elmogroup.com

  • Citadel > www.citadelplc.com

Key Industry & Lloyd’s Events

Association Malta Insurance Association > www.maltainsurance.org

Regulator Malta Financial Services Authority > www.mfsa.com.mt

> www.lloyds.com/News_Centre/Events

Insurance Environment > Key Statistics

Gross Written Premiums (GWP)(direct non-life GWP at constant prices; million USD)

Density(direct non-life GWP per capita; USD)

Broker PenetrationEstimated broker penetration: 25% – 50%Quick Links

Insurance Information Institute> www.iii.org/international/profiles/

Worldwide Assecuranz Directory> http://assecuranz.kompass.com/

Based on soft intelligence and Axco, Statistics: > www.axcoinfo.com/

Malta

UK

Malta

UK

1,276

150,000

1,400

115,725

1,200

107,393

120,000

1,000

90,000

800

600

60,000

342

400

30,000

200

697

789

0

0

Global Opportunities for insurance indicators> www.lloyds.com/marketintelligence

2007

2008

2008 Density

QUICK TOUR (Country Profiles)

Based on: > www.swissre.com > “World Insurance in 2008”

Based on: > www.swissre.com > “World Insurance in 2008”


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Malta – Type 2 Office

> Back to Country Dashboard

Lloyd’s Business > Office Details

  • Lloyd’s General representative

    Mr Mark Gollcher

    Lloyd's Malta Ltd

    19 Zachary Street

    PO Box 268

    Valletta VLT1133

    Malta

  • TELEPHONE+356 2569 1500

  • FAX+356 2123 4195

  • EMAIL> [email protected]

  • WEBSITE> www.lloyds.com/malta

Lloyd’s Business > Key Statistics, Trading Position and Market Intelligence

2008 Lloyd’s Gross Written Premiums

Trading Position

Market Intelligence

> www.lloyds.com/crystal

Lloyd’s GWP: USD 20.7m*

Direct: USD 16.0m*

Reinsurance: USD 4.7m*

*at constant prices; million USD

See:Data limitations for detail

Services:Yes

Establishment:Yes, except life

Reinsurance: Yes

Managing Agents have access to information via:www.lloyds.com/GLOBALOPPORTUNITIES> Managing Agent Version > Spreadsheet

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Netherlands – TYPE 2 Office

Profile

  • Key strengths and challenges of the economy

  • Size and growth of the economy

  • Basic economic indicators

  • Key insurers

  • Insurance industry events

  • Basic insurance indicators

Click Box to navigate

  • Lloyd’s office details and contacts

  • Trading position and size of Lloyd’s business

  • Available market intelligence products

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Netherlands – TYPE 2 Office

> Back to Country Dashboard

Business Environment > Strengths & Challenges

  • STRENGTHS

  • The Dutch job market has remained comparatively buoyant in conjunction with a growth in real wages, which has spurred household spending.

  • While exports have decelerated, they have continued to grow at a satisfactory rate underpinned by re-export business that represents 50% of the total and by increasing prices for natural gas and refined oil.

  • The fiscal surplus grew further driven by the earnings from gas.

    CHALLENGES

  • The credit crunch compounded by the world demand slowdown is expected to further undermine weaker companies in the manufacturing sector, particularly electronics, information technology, and metal processing.

  • Companies with labour-intensive or high-technology activities will be particularly vulnerable to the shortage of skilled labour and rising payroll costs. Smaller companies in relatively poor financial health and operating in the domestic market could suffer from the slowdown of household consumption.

  • . Measures in support of the banking sector and to revitalise the economy in conjunction with a slowdown in earnings from gas will get the best of the fiscal surplus the Netherlands has run since 2006 and increase the debt.

Based on: > http://globaledge.msu.edu/

Business Environment > Basic Indicators

Gross Domestic Product (GDP)(at constant prices; billion USD)

Gross Domestic Product (GDP) Growth(in annual % change)

Rankings

Ease of Doing BusinessNetherlands ranks 26th out of 181 countriesGlobal CompetitivenessNetherlands ranks 8thout of 134 countries

Quick LinksDoing Business > www.doingbusiness.org

Competitiveness > www.weforum.org

26

Netherlands

UK

Netherlands

UK

3

3,000

2674

2.0%

2

08

0.7%

1

2,007

0

2,000

-1

-2

869

743

1,000

-3

-4

-4.1%

-5

-4.8%

0

-6

Global Opportunities for business indicators> www.lloyds.com/marketintelligence

2008

2009 Forecast

2008

2009 Forecast

QUICK TOUR (Country Profiles)

Based on: > www.imf.org

Based on: > www.imf.org


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Netherlands – TYPE 2 Office

> Back to Country Dashboard

Insurance Environment > Key Stakeholders and Events

  • Major Insurers

  • Achmea Zorg > www.achmeazorg.nl

  • Achmea > www.achmea.nl

  • Interpols > www.interpolis.nl

  • Nationale > www.nn.nl

  • Fortis > www.holding.fortis.com

  • VGZ > www.vgz.nl

  • Atradius > www.atradius.nl

  • Menzis > www.menzis.nl

  • Delta Lloyd > www.deltalloydgroep.com

  • AEGON > www.aegon.nl

Key Industry & Lloyd’s Events

Association Insurance Companies' Association > www.verzekeraars.nl

Regulator Authority for Financial Markets > www.afm.nl

> www.lloyds.com/News_Centre/Events

Insurance Environment > Key Statistics

Gross Written Premiums (GWP)(direct non-life GWP at constant prices; million USD)

Density(direct non-life GWP per capita; USD)

Broker PenetrationEstimated broker penetration: 25% – 50%Quick Links

Insurance Information Institute> www.iii.org/international/profiles/

Worldwide Assecuranz Directory> http://assecuranz.kompass.com/

Based on soft intelligence and Axco, Statistics: > www.axcoinfo.com/

Netherlands

UK

Netherlands

UK

150,000

5,000

4,484

115,725

107,393

4,000

120,000

3,000

90,000

73,712

66,481

2,000

60,000

1,276

1,000

30,000

0

0

Global Opportunities for insurance indicators> www.lloyds.com/marketintelligence

2007

2008

2008 Density

QUICK TOUR (Country Profiles)

Based on: > www.swissre.com > “World Insurance in 2008”

Based on: > www.swissre.com > “World Insurance in 2008”


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Netherlands – TYPE 2 Office

> Back to Country Dashboard

Lloyd’s Business > Office Details

  • Lloyd’s General representative

    Mr Alexis Fontein

    Underwriters in the Netherlands

    Hudig Veder & Co

    Debussystraat 2

    3161 WD RhoonNetherlands

  • TELEPHONE+31 1050 66600

  • FAX+31 1050 19593

  • EMAIL> [email protected]

  • WEBSITE> www.lloyds.com/netherlands

Lloyd’s GWP: USD 412.7m

Direct: USD 325.5m

Reinsurance: USD 87.2m

Lloyd’s Business > Key Statistics, Trading Position and Market Intelligence

2008 Lloyd’s Gross Written Premiums

Trading Position

Market Intelligence

> www.lloyds.com/crystal

Lloyd’s GWP: USD 412.7m*

Direct: USD 325.5m*

Reinsurance: USD 87.2m*

*at constant prices; million USD

See:Data limitations for detail

Services:YesEstablishment:YesReinsurance: Yes

Managing Agents have access to information via:www.lloyds.com/REGIONALWATCH> Managing Agent Version> Europe > Large Markets

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Norway – TYPE 1 Office

Profile

  • Key strengths and challenges of the economy

  • Size and growth of the economy

  • Basic economic indicators

  • Key insurers

  • Insurance industry events

  • Basic insurance indicators

Click Box to navigate

  • Lloyd’s office details and contacts

  • Trading position and size of Lloyd’s business

  • Available market intelligence products

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Norway – TYPE 1 Office

> Back to Country Dashboard

Business Environment > Strengths & Challenges

  • STRENGTHS

  • Norway is expected to avoid slipping into deep recession, thanks to the traditional positive fallout from the offshore oil and gas activity.

  • The exploitation of hydrocarbons is directly or indirectly generating a quarter of GDP.

    CHALLENGES

  • The poor economic context has been a decisive factor in the deterioration of corporate financial health for Norwegian companies.

  • In 2008, bankruptcies increased 40% after declining for several years. The sectors affected most are expected to include construction, property services, paper and printing, merchandise transport, transport equipment, and specialised commerce.

Based on: > http://globaledge.msu.edu/

Business Environment > Basic Indicators

Gross Domestic Product (GDP)(at constant prices; billion USD)

Gross Domestic Product (GDP) Growth(in annual % change)

Rankings

Ease of Doing BusinessNorway ranks 10th out of 181 countriesGlobal CompetitivenessNorway ranks 15thout of 134 countries

Quick LinksDoing Business > www.doingbusiness.org

Competitiveness > www.weforum.org

10

Norway

UK

Norway

UK

3

3,000

2674

2.0%

15

2

0.7%

2,007

1

2,000

0

-1

-2

1,000

-1.7%

-3

456

341

-4

-4.1%

0

-5

Global Opportunities for business indicators> www.lloyds.com/marketintelligence

2008

2009 Forecast

2008

2009 Forecast

QUICK TOUR (Country Profiles)

Based on: > www.imf.org

Based on: > www.imf.org


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Norway – TYPE 1 Office

> Back to Country Dashboard

Insurance Environment > Key Stakeholders and Events

  • Major Insurers

  • Gjensidige > www.gjensidige.no

  • IF Skade > www.if.no

  • Tryg Vesta > www.trygvesta.no

  • Spare Bank 1 > www.sparebank1.no

  • Terra > www.terra.no

  • AIG > www.aigeurope.no

  • KLP > www.klp.no

  • Jernbarne > www.jfg.no

  • Trygg-Hansa (RSA) > www.codanforsikring.no

  • Bluewater > www.unisonforsikring.no

Key Industry & Lloyd’s Events

Association Insurance Association > www.fnh.no

Regulator Insurance Supervisory Authority > www.kredittilsynet.no

> www.lloyds.com/News_Centre/Events

Insurance Environment > Key Statistics

Gross Written Premiums (GWP)(direct non-life GWP at constant prices; million USD)

Density(direct non-life GWP per capita; USD)

Broker PenetrationEstimated broker penetration: 00% – 25%Quick Links

Insurance Information Institute> www.iii.org/international/profiles/

Worldwide Assecuranz Directory> http://assecuranz.kompass.com/

Based on soft intelligence and Axco, Statistics: > www.axcoinfo.com/

Norway

UK

Norway

UK

150,000

1,500

1,456

115,725

1,450

107,393

120,000

1,400

90,000

1,350

1,276

1,300

60,000

1,250

30,000

8,771

8,003

1,200

1,150

0

Global Opportunities for insurance indicators> www.lloyds.com/marketintelligence

2007

2008

2008 Density

QUICK TOUR (Country Profiles)

Based on: > www.swissre.com > “World Insurance in 2008”

Based on: > www.swissre.com > “World Insurance in 2008”


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Norway – TYPE 1 Office

> Back to Country Dashboard

Lloyd’s Business > Office Details

  • Lloyd’s General representative

    Mr Espen Komnaes

    Komnaes Braaten Skard DA

    Ruseløkkveien 6

    Pb.1661 Vika

    N-0120 Oslo

    Norway

  • TELEPHONE+47 23 11 45 60

  • FAX+47 23 11 45 75

  • EMAIL> [email protected]

  • WEBSITE> www.lloyds.com/austria

  • Nordic Area Manager

    Mr Erik Borjesson

    Stureplan 4c

    4th Floor

    Stockholm

    114 35 Sweden

  • TELEPHONE+00 46 705 399 982

  • EMAIL> [email protected]

Lloyd’s Business > Key Statistics, Trading Position and Market Intelligence

2008 Lloyd’s Gross Written Premiums

Trading Position

Market Intelligence

> www.lloyds.com/crystal

Services:YesEstablishment:Yes, except credit, suretyship and term life.Reinsurance: Yes

Lloyd’s GWP: USD 318.6m*

Direct: USD 198.3m*

Reinsurance: USD 120.3m*

*at constant prices; million USD

See:Data limitations for detail

Managing Agents have access to information via:www.lloyds.com/REGIONALWATCH> Managing Agent Version> Europe > Nordic Markets

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Poland – TYPE 3 Office

Profile

  • Key strengths and challenges of the economy

  • Size and growth of the economy

  • Basic economic indicators

  • Key insurers

  • Insurance industry events

  • Basic insurance indicators

Click Box to navigate

  • Lloyd’s office details and contacts

  • Trading position and size of Lloyd’s business

  • Available market intelligence products

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Poland – TYPE 3 Office

> Back to Country Dashboard

Business Environment > Strengths & Challenges

  • STRENGTHS

  • Integration into the EU and modernisation of the economy has enhanced Poland's growth potential.

  • Inflation has been among the lowest in the region.

  • The current account deficit, over half-covered by foreign direct investment, remains moderate compared to other regional countries.

  • The government debt burden has been stable and external debt ratios have been kept at moderate levels.

    CHALLENGES

  • The investment rate remains inadequate.

  • Employment has been low with payroll costs increasing sharply.

  • Efforts need to continue as regards the regulatory framework, the functioning of the civil service, and infrastructure modernisation.

  • Far-reaching reform of public spending remains to be undertaken.

Based on: > http://globaledge.msu.edu/

Business Environment > Basic Indicators

Gross Domestic Product (GDP)(at constant prices; billion USD)

Gross Domestic Product (GDP) Growth(in annual % change)

Rankings

Ease of Doing BusinessPoland ranks 76th out of 181 countriesGlobal CompetitivenessPoland ranks 53rdout of 134 countries

Quick LinksDoing Business > www.doingbusiness.org

Competitiveness > www.weforum.org

76

Poland

UK

Poland

UK

6

3,000

4.8%

2674

53

4

2,007

2

2,000

0.7%

0

-0.7%

1,000

-2

526

403

-4

-4.1%

0

-6

Global Opportunities for business indicators> www.lloyds.com/marketintelligence

2008

2009 Forecast

2008

2009 Forecast

QUICK TOUR (Country Profiles)

Based on: > www.imf.org

Based on: > www.imf.org


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Poland – TYPE 3 Office

> Back to Country Dashboard

Insurance Environment > Key Stakeholders and Events

  • Major Insurers

  • PZU > www.pzu.pl

  • Warta > www.warta.pl

  • Ergo Hestia > www.hestia.pl

  • Allianz > www.allianz.pl

  • HDI > www.hdi-asekuracja.pl

  • Interrisk (VIG) > www.interrisk.pl

  • Compensa (VIG) > www.compensa.pl

  • Generali > www.generali.pl

  • UNIQA > www.uniqa.pl

  • PTU > www.ptu.pl

  • Key Industry & Lloyd’s Events

Key Industry & Lloyd’s Events

Association Insurance Association > www.piu.org.pl

Regulator Financial Supervision Authority > www.knf.gov.pl

> www.lloyds.com/News_Centre/Events

Insurance Environment > Key Statistics

Gross Written Premiums (GWP)(direct non-life GWP at constant prices; million USD)

Density(direct non-life GWP per capita; USD)

Broker PenetrationEstimated broker penetration: 00% – 25%Quick Links

Insurance Information Institute> www.iii.org/international/profiles/

Worldwide Assecuranz Directory> http://assecuranz.kompass.com/

Based on soft intelligence and Axco, Statistics: > www.axcoinfo.com/

Poland

UK

Poland

UK

1,276

150,000

1,400

115,725

1,200

107,393

120,000

1,000

90,000

800

600

60,000

400

262

30,000

9,933

7,674

200

0

0

Global Opportunities for insurance indicators> www.lloyds.com/marketintelligence

2007

2008

2008 Density

QUICK TOUR (Country Profiles)

Based on: > www.swissre.com > “World Insurance in 2008”

Based on: > www.swissre.com > “World Insurance in 2008”


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Poland – TYPE 3 Office

> Back to Country Dashboard

Lloyd’s Business > Office Details

  • Lloyd’s General representative

    Mr Witold Janusz

    Warsaw Financial Center

    53, Emilii Platter Str.

    00-113 Warsaw

  • TELEPHONE+ 48 602 247 091

  • EMAIL> [email protected]

  • WEBSITE> www.lloyds.com/poland

Lloyd’s Business > Key Statistics, Trading Position and Market Intelligence

2008 Lloyd’s Gross Written Premiums

Trading Position

Market Intelligence

> www.lloyds.com/crystal

Services:Yes, except motor TPLEstablishment:Yes, except motor TPL and lifeReinsurance: Yes

Lloyd’s GWP: USD 21.9m*

Direct: USD 3.4m*

Reinsurance: USD 18.5m*

*at constant prices; million USD

See:Data limitations for detail

Managing Agents have access to information via:www.lloyds.com/REGIONALWATCH> Managing Agent Version> Europe > Poland

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Portugal – TYPE 1 Office

Profile

  • Key strengths and challenges of the economy

  • Size and growth of the economy

  • Basic economic indicators

  • Key insurers

  • Insurance industry events

  • Basic insurance indicators

Click Box to navigate

  • Lloyd’s office details and contacts

  • Trading position and size of Lloyd’s business

  • Available market intelligence products

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Portugal – TYPE 1 Office

> Back to Country Dashboard

Business Environment > Strengths & Challenges

  • STRENGTHS

  • Portugal's membership in the EU contributed to stable economic growth, largely through increased trade and an inflow of EU funds for infrastructure improvements.

  • Portugal's economy is based on traditional industries such as textiles, clothing, footwear, cork and wood products, beverages (wine), porcelain and earthenware, and glass and glassware.

  • More recently, Portugal has increased its role in Europe's automotive sector and has a world-class mold-making industry.

  • Services, particularly tourism, are playing an increasingly important role.

  • Partial privatisation of Portugal's TAP airline, INAPA papermaker, and Energias electricity supplier will moreover facilitate reducing the public debt.

    CHALLENGES

  • Bankruptcies have increased markedly, mainly in conversion industries, construction and wholesale sectors in the current financial climate.

  • The textile-clothing and shoe industries has contended with stiff competition not only from low-cost countries but also from emerging European and Euro-Med countries.

Based on: > http://globaledge.msu.edu/

Business Environment > Basic Indicators

Gross Domestic Product (GDP)(at constant prices; billion USD)

Gross Domestic Product (GDP) Growth(in annual % change)

Rankings

Ease of Doing BusinessPortugal ranks 48th out of 181 countriesGlobal CompetitivenessPortugal ranks 43rdout of 134 countries

Quick LinksDoing Business > www.doingbusiness.org

Competitiveness > www.weforum.org

48

Portugal

UK

Portugal

UK

0.7%

1

3,000

2674

0.0%

43

0

2,007

-1

2,000

-2

1,000

-3

244

209

-4

-4.1%

-4.1%

0

-5

Global Opportunities for business indicators> www.lloyds.com/marketintelligence

2008

2009 Forecast

2008

2009 Forecast

QUICK TOUR (Country Profiles)

Based on: > www.imf.org

Based on: > www.imf.org


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Portugal – TYPE 1 Office

> Back to Country Dashboard

Insurance Environment > Key Stakeholders and Events

  • Major Insurers

  • Fidelidade Mundial > www.fidelidademundial.pt

  • Imperio Bonanca > www.imperiobonanca.pt

  • AXA > www.imperiobonanca.pt

  • Tranquilidade > www.tranquilidade.pt

  • Zurich > www.zurichportugal.com

  • Allianz > www.allianz.pt

  • Ocidental > www.ocidentalseguros.pt

  • Acoreana > www.acornet.pt

  • Lusitania > www.lusitania.pt

  • Global > www.global-seguros.pt

Key Industry & Lloyd’s Events

Association Associacao Portuguesa de Seguradores > www.apseguradores.pt

Regulator Portuguese Insurance Institute > www.isp.pt

> www.lloyds.com/News_Centre/Events

Insurance Environment > Key Statistics

Gross Written Premiums (GWP)(direct non-life GWP at constant prices; million USD)

Density(direct non-life GWP per capita; USD)

Broker PenetrationEstimated broker penetration: 00% – 25%Quick Links

Insurance Information Institute> www.iii.org/international/profiles/

Worldwide Assecuranz Directory> http://assecuranz.kompass.com/

Based on soft intelligence and Axco, Statistics: > www.axcoinfo.com/

Portugal

UK

Portugal

UK

1,276

150,000

1,400

115,725

1,200

107,393

120,000

1,000

90,000

800

598

600

60,000

400

30,000

200

6,423

6,047

0

0

Global Opportunities for insurance indicators> www.lloyds.com/marketintelligence

2007

2008

2008 Density

QUICK TOUR (Country Profiles)

Based on: > www.swissre.com > “World Insurance in 2008”

Based on: > www.swissre.com > “World Insurance in 2008”


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Portugal – TYPE 1 Office

> Back to Country Dashboard

Lloyd’s Business > Office Details

  • Lloyd’s General representative

    Mr Juan Arsuaga

    c/o Simmons & Simmons

    Lloyd’s Sucursal em Portugal

    Rua D. Francisco Manuel de Melo, 21

    1070-085 Lisbon

    Portugal

  • TELEPHONE+351 21 388 34 79

  • FAX+351 21 313 20 01

  • EMAIL> [email protected]

  • WEBSITE> www.lloyds.com/portugal

Lloyd’s Business > Key Statistics, Trading Position and Market Intelligence

2008 Lloyd’s Gross Written Premiums

Trading Position

Market Intelligence

> www.lloyds.com/crystal

Lloyd’s GWP: USD 32.6m*

Direct: USD 19.1m*

Reinsurance: USD 13.5m*

*at constant prices; million USD

See:Data limitations for detail

Services:YesEstablishment:YesReinsurance: Yes

Managing Agents have access to information via:www.lloyds.com/REGIONALWATCH> Managing Agent Version> Europe > Small Markets

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Spain – TYPE 3 Office

Profile

  • Key strengths and challenges of the economy

  • Size and growth of the economy

  • Basic economic indicators

  • Key insurers

  • Insurance industry events

  • Basic insurance indicators

Click Box to navigate

  • Lloyd’s office details and contacts

  • Trading position and size of Lloyd’s business

  • Available market intelligence products

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Spain – TYPE 3 Office

> Back to Country Dashboard

Business Environment > Strengths & Challenges

  • STRENGTHS

  • Spain is strong in the development of renewable energy technologies like solar panels and wind turbines (22% of electricity production).

  • Close ties with much of the Americas and the use of a common language have contributed to expanding the presence abroad of players in banking, hospitality, construction, and other sectors.

  • The banking system has remained strong as a result of the limited development of private banking and the tight supervision exercised by the central bank.

  • Growth of the working population due to the higher proportion of working women and to immigration constitutes a reservoir of economic expansion.

  • Continued development of regional autonomy has fostered greater awareness by local actors of their responsibilities and brought public decision-makers closer to those they serve.

  • Spain remains a leading tourist destination.

    CHALLENGES

  • Heavy household and corporate debt constitutes a major vulnerability in times of crisis.

  • There is currently no economic driver on the horizon capable of standing in for construction as a major source of growth.

  • Excessive regulations and a lack of civil service efficiency, especially in the legal system, have weighed on trade relations.

  • A deficient education system, vast reserves of temporary, relatively unskilled workers, have resulted in limited productivity gains.

  • Productivity gains not large enough to offset production-cost increases.

  • The outlook for many sectors will depend on decisions made by foreign multinationals increasingly attracted by more competitive locations

  • Water management continues to pose problems due its immoderate use in agriculture and unequal regional distribution.

Based on: > http://globaledge.msu.edu/

Business Environment > Basic Indicators

Gross Domestic Product (GDP)(at constant prices; billion USD)

Gross Domestic Product (GDP) Growth(in annual % change)

Rankings

Ease of Doing BusinessSpain ranks 49th out of 181 countriesGlobal CompetitivenessSpain ranks 29thout of 134 countries

Quick LinksDoing Business > www.doingbusiness.org

Competitiveness > www.weforum.org

49

Spain

UK

Spain

UK

2

3,000

2674

1.2%

0.7%

29

1

2,007

0

2,000

1,612

-1

1,397

-2

1,000

-3

-3.0%

-4

-4.1%

0

-5

Global Opportunities for business indicators> www.lloyds.com/marketintelligence

2008

2009 Forecast

2008

2009 Forecast

QUICK TOUR (Country Profiles)

Based on: > www.imf.org

Based on: > www.imf.org


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Spain – TYPE 3 Office

> Back to Country Dashboard

Insurance Environment > Key Stakeholders and Events

  • Major Insurers

  • Mapfre > www.mapfre.es

  • AXA > www.axa.es

  • Allianz > www.allianz.es

  • Zurich > www.zurich.es

  • Caser > www.caser.es

  • Mutua Madrilena > www.mutua-mad.es

  • Adeslas > www.adeslas.es

  • Sanitas > www.sanitas.es

  • Key Industry & Lloyd’s Events

    AGERS Conference

  • Location: Madrid

  • Time: 12 November 2009Semana Mundial del Seguro

  • Location: Barcelona

  • Time 12 November 2009

Association Insurance Company Association (UNESPA) > www.unespa.es

Regulator General Directorate of Insurance> www.dgsfp.mineco.es

> www.lloyds.com/News_Centre/Events

Insurance Environment > Key Statistics

Gross Written Premiums (GWP)(direct non-life GWP at constant prices; million USD)

Density(direct non-life GWP per capita; USD)

Broker PenetrationEstimated broker penetration: 25% – 50%Quick Links

Insurance Information Institute> www.iii.org/international/profiles/

Worldwide Assecuranz Directory> http://assecuranz.kompass.com/

Based on soft intelligence and Axco, Statistics: > www.axcoinfo.com/

Spain

UK

Spain

UK

1,276

150,000

1,400

115,725

1,200

1,051

107,393

120,000

1,000

90,000

800

600

47,906

60,000

43,042

400

30,000

200

0

0

Global Opportunities for insurance indicators> www.lloyds.com/marketintelligence

2007

2008

2008 Density

QUICK TOUR (Country Profiles)

Based on: > www.swissre.com > “World Insurance in 2008”

Based on: > www.swissre.com > “World Insurance in 2008”


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Spain – TYPE 3 Office

> Back to Country Dashboard

Lloyd’s Business > Office Details

  • Lloyd’s General representative

    Mr Juan Arsuaga

    Calle José Ortega y Gasset 7

    Edificio Serrano 49

    1a Planta

    28006 Madrid

    Spain

  • TELEPHONE+34 91 426 2312

  • FAX+34 91 426 2394

  • EMAIL> [email protected]

  • WEBSITE> www.lloyds.com/spain

Lloyd’s Business > Key Statistics, Trading Position and Market Intelligence

2008 Lloyd’s Gross Written Premiums

Trading Position

Market Intelligence

> www.lloyds.com/crystal

Brokers have access to information via:www.lloyds.com/MARKETPRESENTATIONS

Services:YesEstablishment:Yes, except assistance, life and death insurance

Reinsurance: Yes

Lloyd’s GWP: USD 282.5m*

Direct: USD 129.4m*

Reinsurance: USD 153.1m*

*at constant prices; million USD

See:Data limitations for detail

Managing Agents have access to information via:www.lloyds.com/REGIONALWATCH> Managing Agent Version> Europe > Large Markets

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Sweden – TYPE 3 Office

Profile

  • Key strengths and challenges of the economy

  • Size and growth of the economy

  • Basic economic indicators

  • Key insurers

  • Insurance industry events

  • Basic insurance indicators

Click Box to navigate

  • Lloyd’s office details and contacts

  • Trading position and size of Lloyd’s business

  • Available market intelligence products

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Sweden – TYPE 3 Office

> Back to Country Dashboard

Business Environment > Strengths & Challenges

  • STRENGTHS

  • Sweden is a highly industrialised country. Agriculture, once accounting for nearly all of Sweden's economy, now employs less than 2% of the labour force.

  • Extensive forests, rich iron ore deposits, and hydroelectric power are the natural resources which, through the application of technology and efficient organisation, have enabled Sweden to become a leading producing and exporting nation.

    CHALLENGES

  • Exports have declined in the current global economic climate.

  • In this context of feeble demand, corporate investment is expected to fall as will household investment in property.

Based on: > http://globaledge.msu.edu/

Business Environment > Basic Indicators

Gross Domestic Product (GDP)(at constant prices; billion USD)

Gross Domestic Product (GDP) Growth(in annual % change)

Rankings

Ease of Doing BusinessSweden ranks 17th out of 181 countriesGlobal CompetitivenessSweden ranks 4thout of 134 countries

Quick LinksDoing Business > www.doingbusiness.org

Competitiveness > www.weforum.org

17

Sweden

UK

Sweden

UK

0.7%

1

3,000

2674

04

0

2,007

-0.2%

-1

2,000

-2

1,000

-3

485

359

-4

-4.1%

-4.3%

0

-5

Global Opportunities for business indicators> www.lloyds.com/marketintelligence

2008

2009 Forecast

2008

2009 Forecast

QUICK TOUR (Country Profiles)

Based on: > www.imf.org

Based on: > www.imf.org


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Sweden – TYPE 3 Office

> Back to Country Dashboard

Insurance Environment > Key Stakeholders and Events

  • Major Insurers

  • Lansforsakringar > www.lansforsakringar.se

  • IF Skade > www.ifs.se

  • Trygg-Hansa > www.trygghansa.se

  • Folksam > www.folksam.se

  • Zurich > www.zurich.se

  • Moderna (TryggVesta) > www.modernaforsakringar.se

  • Solid > www.solidab.se

  • Key Industry & Lloyd’s Events

Association Swedish Insurance Federation > www.forsakringsforbundet.com

Regulator Financial Supervisory Authority > www.fi.se

> www.lloyds.com/News_Centre/Events

Insurance Environment > Key Statistics

Gross Written Premiums (GWP)(direct non-life GWP at constant prices; million USD)

Density(direct non-life GWP per capita; USD)

Broker PenetrationEstimated broker penetration: 00% – 25%Quick Links

Insurance Information Institute> www.iii.org/international/profiles/

Worldwide Assecuranz Directory> http://assecuranz.kompass.com/

Based on soft intelligence and Axco, Statistics: > www.axcoinfo.com/

Sweden

UK

Sweden

UK

150,000

1,300

1,276

115,725

107,393

120,000

1,250

90,000

1,200

1,155

1,150

60,000

1,100

30,000

3,996

2,941

1,050

0

Global Opportunities for insurance indicators> www.lloyds.com/marketintelligence

2007

2008

2008 Density

QUICK TOUR (Country Profiles)

Based on: > www.swissre.com > “World Insurance in 2008”

Based on: > www.swissre.com > “World Insurance in 2008”


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Sweden – TYPE 3 Office

> Back to Country Dashboard

Lloyd’s Business > Office Details

  • Lloyd’s General representative

    Ms Eva Lindberg

    Stureplan 4c

    4th Floor

    Stockholm

    114 35 Sweden

  • TELEPHONE+46 (0)8 463 1111

  • FAX+46 (0)8 463 1010

  • EMAIL> [email protected]

  • WEBSITE> www.lloyds.com/sweden

  • Nordic Area Manager

    Mr Erik Borjesson

    Stureplan 4c

    4th Floor

    Stockholm

    114 35 Sweden

  • TELEPHONE+00 46 705 399 982

  • EMAIL> [email protected]

Lloyd’s Business > Key Statistics, Trading Position and Market Intelligence

2008 Lloyd’s Gross Written Premiums

Trading Position

Market Intelligence

> www.lloyds.com/crystal

Services:YesEstablishment:Yes, except assistance, life and death insurance

Reinsurance: Yes

Lloyd’s GWP: USD 129.5m*

Direct: USD 73.6m*

Reinsurance: USD 55.9m*

*at constant prices; million USD

See:Data limitations for detail

Managing Agents have access to information via:www.lloyds.com/REGIONALWATCH> Managing Agent Version> Europe > Nordic Markets

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Switzerland – Type 3 Office

Profile

  • Key strengths and challenges of the economy

  • Size and growth of the economy

  • Basic economic indicators

  • Key insurers

  • Insurance industry events

  • Basic insurance indicators

Click Box to navigate

  • Lloyd’s office details and contacts

  • Trading position and size of Lloyd’s business

  • Available market intelligence products

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Switzerland – Type 3 Office

> Back to Country Dashboard

Business Environment > Strengths & Challenges

  • STRENGTHS

  • A privileged geographic location, political and social stability, quality financial services, and a moderate tax system have attracted investors.

  • The presence of large industrial and financial groups that are among the world leaders has underpinned the current account surplus.

  • The high density of cantonal and regional bank networks has fostered the development of smaller companies.

  • The high level of R&D has spurred corporate competitiveness.

  • Limited taxation of legal entities has fostered the creation of new companies.

    CHALLENGES

  • Non-membership in the EU, even tempered by bilateral agreements, tends to undermine trade in products and services.

  • The lack of coordination between the confederation and the cantons on financial and administrative matters hinders reforms.

  • Public and private regulations impede the foreign competition that might otherwise spur productivity improvement by Swiss companies.

  • Public sector financial equilibrium will depend on continued efforts on the structural reforms needed to cope with increases in social services.

Based on: > http://globaledge.msu.edu/

Business Environment > Basic Indicators

Gross Domestic Product (GDP)(at constant prices; billion USD)

Gross Domestic Product (GDP) Growth(in annual % change)

Rankings

Ease of Doing BusinessSwitzerland ranks 21stout of 181 countriesGlobal CompetitivenessSwitzerland ranks 2ndout of 134 countries

Quick LinksDoing Business > www.doingbusiness.org

Competitiveness > www.weforum.org

21

Switzerland

UK

Switzerland

UK

1.6%

3,000

2

2674

0.7%

02

1

2,007

0

2,000

-1

-2

1,000

-3

493

359

-3.0%

-4

-4.1%

-5

0

Global Opportunities for business indicators> www.lloyds.com/marketintelligence

2008

2009 Forecast

2008

2009 Forecast

QUICK TOUR (Country Profiles)

Based on: > www.imf.org

Based on: > www.imf.org


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Switzerland – Type 3 Office

> Back to Country Dashboard

Insurance Environment > Key Stakeholders and Events

  • Major Insurers

  • AXA (incl. Winterthur) > www.axa.ch

  • Zurich > www.zurich.ch

  • Schweizerische Mobiliar > www.mobi.ch

  • Allianz > www.allianz.ch

  • Helsana > www.helsana.ch

  • Basler > www.basler.ch

  • CSS > www.css.ch

  • Visana > www.visana.ch

  • Generali > www.generali.ch

  • Vaudoise > www.vaudoise.ch

  • Key Industry & Lloyd’s Events

Association Schweizerischer Versicherungsverband > www.svv.ch

Regulator FINMA > www.finma.ch

> www.lloyds.com/News_Centre/Events

Insurance Environment > Key Statistics

Gross Written Premiums (GWP)(direct non-life GWP at constant prices; million USD)

Density(direct non-life GWP per capita; USD)

Broker PenetrationEstimated broker penetration: 50% – 75%Quick Links

Insurance Information Institute> www.iii.org/international/profiles/

Worldwide Assecuranz Directory> http://assecuranz.kompass.com/

Based on soft intelligence and Axco, Statistics: > www.axcoinfo.com/

Switzerland

UK

Switzerland

UK

2,828

150,000

3,000

115,725

2,500

107,393

120,000

2,000

90,000

1,276

1,500

60,000

1,000

21,596

19,390

30,000

500

0

0

Global Opportunities for insurance indicators> www.lloyds.com/marketintelligence

2007

2008

2008 Density

QUICK TOUR (Country Profiles)

Based on: > www.swissre.com > “World Insurance in 2008”

Based on: > www.swissre.com > “World Insurance in 2008”


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Switzerland – Type 3 Office

> Back to Country Dashboard

Lloyd’s Business > Office Details

  • Lloyd’s General representative

    Mr Graham WestLloyd's Versicherer

    Zweigniederlassung Zurich

    Seefeldstrasse 7

    8008 Zurich

    Switzerland

  • TELEPHONE+41 (0) 7966 90099

  • FAX+ 41 44 266 6079

  • EMAIL> [email protected]

  • WEBSITE> www.lloyds.com/switzerland

Lloyd’s Business > Key Statistics, Trading Position and Market Intelligence

2008 Lloyd’s Gross Written Premiums

Trading Position

Market Intelligence

> www.lloyds.com/crystal

Lloyd’s GWP: USD 346.1m*

Direct: USD 162.5m*

Reinsurance: USD 183.6m*

*at constant prices; million USD

See:Data limitations for detail

Direct:Yes, except life and legal expenses Reinsurance: Yes

Managing Agents have access to information via:www.lloyds.com/REGIONALWATCH> Managing Agent Version> Europe > Large Markets

QUICK TOUR (Country Profiles)


North America

Latin America

Europe

IMEA

Asia Pacific

Asia Pacific

TYPE 2

New Zealand

TYPE 3

Australia

Hong Kong

TYPE 4

China

Japan

SINGAPORE

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Australia– Type 3 Office

Profile

  • Key strengths and challenges of the economy

  • Size and growth of the economy

  • Basic economic indicators

  • Key insurers

  • Insurance industry events

  • Basic insurance indicators

Click Box to navigate

  • Lloyd’s office details and contacts

  • Trading position and size of Lloyd’s business

  • Available market intelligence products

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Australia– Type 3 Office

> Back to Country Dashboard

Business Environment > Strengths & Challenges

  • STRENGTHS

  • Australia's advanced market economy is dominated by its services sector (72% of GDP), yet it is the agricultural and mining sectors (8% of GDP combined) that account for the bulk of Australia's exports (52%).

  • Australia's comparative advantage in the export of primary products is a reflection of the natural wealth of the Australian continent and its small domestic market.

  • Since the 1980s, Australia has undertaken significant structural reform of its economy and has transformed itself from an inward-looking, highly protected, and regulated marketplace to an open, internationally competitive, export-oriented economy.

    CHALLENGES

  • In 2009, the world financial and economic turbulence has also affected the Australian economy.

  • Government measures to provide direct aid to households in conjunction with a lower benchmark interest rate will, however, be unlikely to revive consumption.

  • Private individuals are expected to continue to exercise great caution in making purchases, giving preference to building up emergency saving or paying off debt as long as the job picture remains gloomy.

Based on: > http://globaledge.msu.edu/

Business Environment > Basic Indicators

Gross Domestic Product (GDP)(at constant prices; billion USD)

Gross Domestic Product (GDP) Growth(in annual % change)

Rankings

Ease of Doing BusinessAustralia ranks 9thout of 181 countriesGlobal CompetitivenessAustralia ranks 18thout of 134 countries

Quick LinksDoing Business > www.doingbusiness.org

Competitiveness > www.weforum.org

09

Australia

UK

Australia

UK

3,000

3

2674

2.1%

18

2

0.7%

2,007

1

2,000

0

-1

1,011

-2

755

1,000

-3

-3.0%

-4

-4.1%

-5

0

Global Opportunitiesfor business indicators> www.lloyds.com/marketintelligence

2008

2009 Forecast

2008

2009 Forecast

QUICK TOUR (Country Profiles)

Based on: > www.imf.org

Based on: > www.imf.org


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Australia– Type 3 Office

> Back to Country Dashboard

Insurance Environment > Key Stakeholders and Events

  • Major Insurers

  • Vero > www.vero.com.au

  • IAG > www.iag.com.au

  • QBE > www.qbe.com.au

  • Allianz > www.allianz.com.au

  • AAMI > www.aami.com.au

  • CGU > www.cgu.com.au

  • GIO > www.gio.com.au

  • Suncorp Metway > www.suncorp.com.au

  • Zurich > www.zurich.com.au

  • Key Industry & Lloyd’s Events

Association Insurance Council of Australia > www.insurancecouncil.com.au

Regulator APRA > www.apra.gov.au

> www.lloyds.com/News_Centre/Events

Insurance Environment > Key Statistics

Gross Written Premiums (GWP)(direct non-life GWP at constant prices; million USD)

Density(direct non-life GWP per capita; USD)

Broker PenetrationEstimated broker penetration: 50% – 75%Quick Links

Insurance Information Institute> www.iii.org/international/profiles/

Worldwide Assecuranz Directory> http://assecuranz.kompass.com/

Based on soft intelligence and Axco, Statistics: > www.axcoinfo.com/

Australia

UK

Australia

UK

1,349

150,000

1,360

115,725

1,340

107,393

120,000

1,320

90,000

1,300

1,276

1,280

60,000

1,260

28,254

27,514

30,000

1,240

Global Opportunitiesfor insurance indicators> www.lloyds.com/marketintelligence

1,220

0

QUICK TOUR (Country Profiles)

2007

2008

2008 Density

Based on: > www.swissre.com > “World Insurance in 2008”

Based on: > www.swissre.com > “World Insurance in 2008”


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Australia– Type 3 Office

> Back to Country Dashboard

Lloyd’s Business > Office Details

  • Lloyd’s General representative

    Mr Keith SternLloyd's Australia Limited

    Level 21

    Angel Place 123 Pitt Street

    Sydney NSW 2000

    Australia

  • TELEPHONE+61 2 9223 1433

  • FAX+61 2 9223 1466

  • EMAIL> [email protected]

  • WEBSITE> www.lloyds.com/australia

Lloyd’s Business > Key Statistics, Trading Position and Market Intelligence

2008 Lloyd’s Gross Written Premiums

Trading Position

Market Intelligence

> www.lloyds.com/crystal

Brokers have access to information via:www.lloyds.com/REGIONALWATCH> Broker Version> Asia Pacific > Established Markets

Lloyd’s GWP: USD 1.06bn*

Direct: USD 856.7m*

Reinsurance: USD 205.3m*

*at constant prices; million USD

See:Data limitations for detail

Direct:Yes, except certain compulsory classes, life, certain health insurances and stand-alone funeral expenses

Reinsurance: Yes, except life and certain health insurances

Managing Agents have access to information via:www.lloyds.com/REGIONALWATCH> Managing Agent Version> Asia Pacific > Established Markets

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

China– Type 4 Office

Profile

  • Key strengths and challenges of the economy

  • Size and growth of the economy

  • Basic economic indicators

  • Key insurers

  • Insurance industry events

  • Basic insurance indicators

Click Box to navigate

  • Lloyd’s office details and contacts

  • Trading position and size of Lloyd’s business

  • Available market intelligence products

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

China– Type 4 Office

> Back to Country Dashboard

Business Environment > Strengths & Challenges

  • STRENGTHS

  • China's external financial position has benefited from its competitive and diversified industry.

  • Foreign investments have facilitated a gradual move upmarket.

  • The development of infrastructure, galvanised by the 2008 Olympic Games in Beijing, provided support for long-term growth.

  • A high corporate savings rate has enabled companies to fund most investments.

    CHALLENGES

  • China has experienced growing income disparity.

  • Overcapacity has jeopardised several industrial and commercial sectors.

  • Despite progress on prudential regulations and the entry of foreign investors, Chinese banks have remained comparatively weak in view of the rapid credit expansion and uncertainties over the extent of non-performing loans.

  • Rapid industrialisation poses a challenge for sustainable growth.

Based on: > http://globaledge.msu.edu/

Business Environment > Basic Indicators

Gross Domestic Product (GDP)(at constant prices; billion USD)

Gross Domestic Product (GDP) Growth(in annual % change)

Rankings

Ease of Doing BusinessChina ranks 53rdout of 181 countriesGlobal CompetitivenessChina ranks 30thout of 134 countries

Quick LinksDoing Business > www.doingbusiness.org

Competitiveness > www.weforum.org

83

China

UK

China

UK

9.0%

6,000

10

30

4,833

6.5%

8

5,000

4,402

6

4,000

4

2674

0.7%

3,000

2

2,007

0

2,000

-2

1,000

-4

-4.1%

-6

0

Global Opportunitiesfor business indicators> www.lloyds.com/marketintelligence

2008

2009 Forecast

2008

2009 Forecast

QUICK TOUR (Country Profiles)

Based on: > www.imf.org

Based on: > www.imf.org


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

China– Type 4 Office

> Back to Country Dashboard

Insurance Environment > Key Stakeholders and Events

  • Major Insurers

  • PICC > www.picc.cn

  • China Pacific > www.cpic.com.cn

  • Ping An > www.pingan.com.cn

  • China United > www.cicsh.com

  • China Continent > www.ccic-net.com.cn

  • Tian An > www.tianan-insurance.com

  • An Bang > www.ab95569.com

  • Yong An > www.yaic.com.cn

  • Sunshine Insurance > www.sinosig.com

  • Taiping > www.ctih.cntaiping.com

  • Key Industry & Lloyd’s Events

Association Insurance Association of China > www.iachina.cn

Regulator CIRC > www.circ.gov.cn

> www.lloyds.com/News_Centre/Events

Insurance Environment > Key Statistics

Gross Written Premiums (GWP)(direct non-life GWP at constant prices; million USD)

Density(direct non-life GWP per capita; USD)

Broker PenetrationEstimated broker penetration: 00% – 25%Quick Links

Insurance Information Institute> www.iii.org/international/profiles/

Worldwide Assecuranz Directory> http://assecuranz.kompass.com/

Based on soft intelligence and Axco, Statistics: > www.axcoinfo.com/

China

UK

China

UK

1,276

150,000

1,400

115,725

1,200

107,393

120,000

1,000

90,000

800

600

60,000

44,987

33,810

400

30,000

200

34

Global Opportunitiesfor insurance indicators> www.lloyds.com/marketintelligence

0

0

QUICK TOUR (Country Profiles)

2007

2008

2008 Density

Based on: > www.swissre.com > “World Insurance in 2008”

Based on: > www.swissre.com > “World Insurance in 2008”


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

China– Type 4 Office

> Back to Country Dashboard

Lloyd’s Business > Office Details

  • Lloyd’s General representative

    Mr Eric GaoLloyd’s Reinsurance Company (China) Ltd

    33rd floor, Azia Center

    1233 Lujiazui Ring Road

    Pudong

    Shanghai 200120

  • TELEPHONE+86 21 6162 8206

  • FAX+86 21 6162 8258

  • EMAIL> [email protected]

  • WEBSITE> www.lloyds.com/china

  • Market Development Manager

    Mr Tom Birbeck

  • TELEPHONE+86 21 6162 8207

  • EMAIL> [email protected]

Participants on the Platform

Shanghai: (5) ACE, Catlin, Navigators, Starr, Travelers

London: (11) Amlin, Arch, Atrium, Beazley, Brit, Chaucer, Kiln, Markel, Marlborough, Meacock, Sportscover (Argenta)

Lloyd’s Business > Key Statistics, Trading Position and Market Intelligence

2008 Lloyd’s Gross Written Premiums

Trading Position

Market Intelligence

> www.lloyds.com/crystal

Lloyd’s GWP: USD 105.8m

Direct: USD 6.8m*

Reinsurance: USD 99.0m*

*at constant prices; million USD

See:Data limitations for detail

Direct:No

Reinsurance: Yes, onshore reinsurance business can be written via Lloyd’s Reinsurance Company (China) Ltd. (LRCCL) and offshore reinsurance permitted

Managing Agents have access to information via:www.lloyds.com/REGIONALWATCH> Managing Agent Version> Asia Pacific > China

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Hong Kong– Type 3 Office

Profile

  • Key strengths and challenges of the economy

  • Size and growth of the economy

  • Basic economic indicators

  • Key insurers

  • Insurance industry events

  • Basic insurance indicators

Click Box to navigate

  • Lloyd’s office details and contacts

  • Trading position and size of Lloyd’s business

  • Available market intelligence products

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Hong Kong– Type 3 Office

> Back to Country Dashboard

Business Environment > Strengths & Challenges

  • STRENGTHS

  • Hong Kong's specialisation in services, which represent 92% of its GDP, remains a major asset for the special administrative region.

  • The banking system is solid and transparent.

  • The good governance practices and efficient prudential regulations inherited from British law constitute major competitive advantages in Asia.

  • Hong Kong boasts quality infrastructure including the world's second largest container port, an essential air traffic hub for Asia, and the world's second largest cargo airport.

  • Hong Kong has a unique status given its role in Renmimbi Settlement System

    CHALLENGES

  • Increasingly integrated with mainland China, the Hong Kong economy is becoming vulnerable to economic downturns on the mainland.

  • The future role of Hong Kong as an international financial centre for China

  • The linkage between nearly half of fiscal revenues and the property sector constitutes a source of vulnerability.

  • Corporate financial information can be very sparse for unlisted companies, which have no obligation to publish their balance sheet.

Based on: > http://globaledge.msu.edu/

Business Environment > Basic Indicators

Gross Domestic Product (GDP)(at constant prices; billion USD)

Gross Domestic Product (GDP) Growth(in annual % change)

Rankings

Ease of Doing BusinessHong Kong ranks 4thout of 181 countriesGlobal CompetitivenessHong Kong ranks 11thout of 134 countries

Quick LinksDoing Business > www.doingbusiness.org

Competitiveness > www.weforum.org

04

Hong Kong

UK

Hong Kong

UK

2.5%

3,000

3

2674

11

2

0.7%

2,007

1

2,000

0

-1

-2

1,000

-3

216

206

-4

-4.1%

-5

0

Global Opportunitiesfor business indicators> www.lloyds.com/marketintelligence

-4.5%

2008

2009 Forecast

2008

2009 Forecast

QUICK TOUR (Country Profiles)

Based on: > www.imf.org

Based on: > www.imf.org


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Hong Kong– Type 3 Office

> Back to Country Dashboard

Insurance Environment > Key Stakeholders and Events

  • Major Insurers

  • HSBC > www.hsbc.hk

  • American Home > www.aiu.com.hk

  • BOC > www.bochk.com

  • Ming An > www.mingan.com

  • QBE > www.qbe.hk

  • AXA > www.axa-insurance.com.hk

  • Wing Lung > www.winglungbank.com.hk

  • Zurich > www.zurich.hk

  • Asia Insurance > www.asiainsurance.hk

  • AIA > www.aia.hk

  • Key Industry & Lloyd’s Events

Association Hong Kong Federation of Insurers> www.hkfi.org.hk

Regulator Office of the Commissioner of Insurance> www.oci.gov.hk

> www.lloyds.com/News_Centre/Events

Insurance Environment > Key Statistics

Gross Written Premiums (GWP)(direct non-life GWP at constant prices; million USD)

Density(direct non-life GWP per capita; USD)

Broker PenetrationEstimated broker penetration: 25% – 50%Quick Links

Insurance Information Institute> www.iii.org/international/profiles/

Worldwide Assecuranz Directory> http://assecuranz.kompass.com/

Based on soft intelligence and Axco, Statistics: > www.axcoinfo.com/

Hong Kong

UK

Hong Kong

UK

1,276

150,000

1,400

115,725

1,200

107,393

120,000

1,000

90,000

800

600

60,000

381

400

30,000

200

2,772

2,480

Global Opportunitiesfor insurance indicators> www.lloyds.com/marketintelligence

0

0

QUICK TOUR (Country Profiles)

2007

2008

2008 Density

Based on: > www.swissre.com > “World Insurance in 2008”

Based on: > www.swissre.com > “World Insurance in 2008”


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Hong Kong– Type 3 Office

> Back to Country Dashboard

Lloyd’s Business > Office Details

  • Lloyd’s General representative

    Ms Alex FarisSuite 1220

    Two Pacific Place

    88 Queensway

    Hong Kong SAR

  • TELEPHONE+852 2918 9911

  • FAX+852 2918 9918

  • EMAIL> [email protected]

  • WEBSITE> www.lloyds.com/hongkong

Lloyd’s Business > Key Statistics, Trading Position and Market Intelligence

2008 Lloyd’s Gross Written Premiums

Trading Position

Market Intelligence

> www.lloyds.com/crystal

Lloyd’s GWP: USD 150.9m*

Direct: USD 122.5m*

Reinsurance: USD 28.4m*

*at constant prices; million USD

See:Data limitations for detail

Direct:Yes, except life business

Reinsurance: Yes

Managing Agents have access to information via:www.lloyds.com/REGIONALWATCH> Managing Agent Version> Asia Pacific > Established Markets

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Japan – Type 4 Office

Profile

  • Key strengths and challenges of the economy

  • Size and growth of the economy

  • Basic economic indicators

  • Key insurers

  • Insurance industry events

  • Basic insurance indicators

Click Box to navigate

  • Lloyd’s office details and contacts

  • Trading position and size of Lloyd’s business

  • Available market intelligence products

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Japan– Type 4 Office

> Back to Country Dashboard

Business Environment > Strengths & Challenges

  • STRENGTHS

  • The current account surplus relies on the competitiveness of export industries in the electronic and automotive sectors.

  • Restructuring has enabled large banks and companies to reduce their debt.

  • Research and Development spending is a strategic component of corporate industrial policy.

    CHALLENGES

  • The rapid ageing of the population lends strategic importance to public sector financial consolidation.

  • Social inequality, regional disparities, and bureaucratic dysfunction contribute to keeping household consumption low.

  • Smaller companies often suffer from low productivity.

  • There is a heavy dependence on imports of raw materials and food products.

Based on: > http://globaledge.msu.edu/

Business Environment > Basic Indicators

Gross Domestic Product (GDP)(at constant prices; billion USD)

Gross Domestic Product (GDP) Growth(in annual % change)

Rankings

Ease of Doing BusinessJapan ranks 12thout of 181 countriesGlobal CompetitivenessJapan ranks 9thout of 134 countries

Quick LinksDoing Business > www.doingbusiness.org

Competitiveness > www.weforum.org

12

Japan

UK

Japan

UK

6,000

8

6.5%

4,924

9

4,833

6

5,000

4

4,000

0.7%

2

2674

3,000

2,007

0

2,000

-2

-0.6%

1,000

-4

-4.1%

-6

0

Global Opportunitiesfor business indicators> www.lloyds.com/marketintelligence

2008

2009 Forecast

2008

2009 Forecast

QUICK TOUR (Country Profiles)

Based on: > www.imf.org

Based on: > www.imf.org


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

JAPAN– Type 4 Office

> Back to Country Dashboard

Insurance Environment > Key Stakeholders and Events

  • Major Insurers

  • Tokio Marine Nichido > www.tokiomarinehd.com

  • Mitsui Sumitomo > www.msilm.com

  • Sompo Japan > www.sompo-japan.co.jp

  • Aioi > www.ioi-sonpo.co.jp

  • Nippon Koa > www.nipponkoa.co.jp

  • Nissay Dowa > www.nissaydowa.co.jp

  • Fuji > www.fujikasai.co.jp

  • AIU > www.aiu.co.jp

  • Kyoei > www.kyoeikasai.co.jp

  • Nisshin > www.nisshinfire.co.jp

  • Key Industry & Lloyd’s Events

Association General Insurance Association of Japan > www.sonpo.or.jp

Regulator Financial Services Agency > http://www.fsa.go.jp

> www.lloyds.com/News_Centre/Events

Insurance Environment > Key Statistics

Gross Written Premiums (GWP)(direct non-life GWP at constant prices; million USD)

Density(direct non-life GWP per capita; USD)

Broker PenetrationEstimated broker penetration: 00% – 25%Quick Links

Insurance Information Institute> www.iii.org/international/profiles/

Worldwide Assecuranz Directory> http://assecuranz.kompass.com/

Based on soft intelligence and Axco, Statistics: > www.axcoinfo.com/

Japan

UK

Japan

UK

1,276

150,000

1,400

115,725

1,200

107,393

120,000

96,084

1,000

829

90,000

800

600

60,000

44,987

400

30,000

200

Global Opportunitiesfor insurance indicators> www.lloyds.com/marketintelligence

0

0

QUICK TOUR (Country Profiles)

2007

2008

2008 Density

Based on: > www.swissre.com > “World Insurance in 2008”

Based on: > www.swissre.com > “World Insurance in 2008”


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

JAPAN– Type 4 Office

> Back to Country Dashboard

Lloyd’s Business > Office Details

  • Lloyd’s General representative

    Mr Iain Ferguson

    Lloyd's Japan Inc.

    Otemachi Financial Center 17F

    1-5-4 Otemachi, Chiyoda-ku, Tokyo,

    Japan 100-0004

  • TELEPHONE+ 81 3 3215 5297

  • FAX+ 81 3 3215 5292

  • EMAIL> [email protected]

  • WEBSITE> www.lloyds.com/japan

Participants on the Platform

Tokyo: (7) Amlin, Beazley, Cassidy Davis, Catlin, Hardy, Kiln and Travellers

Lloyd’s Business > Key Statistics, Trading Position and Market Intelligence

2008 Lloyd’s Gross Written Premiums

Trading Position

Market Intelligence

> www.lloyds.com/crystal

Lloyd’s GWP: USD 535.7m

Direct: USD 35.9*

Reinsurance: USD 499.8m*

*at constant prices; million USD

See:Data limitations for detail

Direct:Yes, vial Lloyd’s Japan Inc.; other than certain exempt class

Reinsurance: Yes

Managing Agents have access to information via:www.lloyds.com/REGIONALWATCH> Managing Agent Version> Asia Pacific > Japan

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

New Zealand– Type 2 Office

Profile

  • Key strengths and challenges of the economy

  • Size and growth of the economy

  • Basic economic indicators

  • Key insurers

  • Insurance industry events

  • Basic insurance indicators

Click Box to navigate

  • Lloyd’s office details and contacts

  • Trading position and size of Lloyd’s business

  • Available market intelligence products

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

New Zealand– Type 2 Office

> Back to Country Dashboard

Business Environment > Strengths & Challenges

  • STRENGTHS

  • New Zealand’s leading agricultural exports include dairy products, meat, forest products, fruit and vegetables, fish, and wool.

  • New Zealand was a direct beneficiary of many of the reforms achieved under the Uruguay Round of trade negotiations, with agriculture in general and the dairy sector in particular enjoying many new trade opportunities.

  • The country has substantial hydroelectric power and reserves of natural gas.

  • Leading manufacturing sectors are food processing, wood and paper products, and metal fabrication.

  • Service industries, particularly financial, insurance, and business services, form a significant part of New Zealand's economy.

    CHALLENGES

  • New Zealand economy has been sharply decelerating since the spring of 2008 as a result of woeful export performance and less buoyant domestic demand amid rising energy and raw material costs and a marked tightening of monetary policy.

  • Downturns in non-residential construction and corporate capital spending has compounded the negative effects of the persistent weakness in residential construction.

Based on: > http://globaledge.msu.edu/

Business Environment > Basic Indicators

Gross Domestic Product (GDP)(at constant prices; billion USD)

Gross Domestic Product (GDP) Growth(in annual % change)

Rankings

Ease of Doing BusinessNew Zealand ranks 2ndout of 181 countriesGlobal CompetitivenessNew Zealand ranks 24hout of 134 countries

Quick LinksDoing Business > www.doingbusiness.org

Competitiveness > www.weforum.org

02

New Zealand

UK

New Zealand

UK

0.7%

3,000

1

2674

0.3%

24

0

2,007

-1

2,000

-2

-2.0%

1,000

-3

-4

128

91

-4.1%

-5

0

Global Opportunitiesfor business indicators> www.lloyds.com/marketintelligence

2008

2009 Forecast

2008

2009 Forecast

QUICK TOUR (Country Profiles)

Based on: > www.imf.org

Based on: > www.imf.org


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

New Zealand– Type 2 Office

> Back to Country Dashboard

Insurance Environment > Key Stakeholders and Events

  • Major Insurers

  • IAG > www.iag.co.nz

  • Vero > www.vero.co.nz

  • Lumley > www.lumley.co.nz

  • AMI > www.ami.co.nz

  • Tower > www.tower.co.nz

  • AIG > www.aig.co.nz

  • Farmers’ Mutual > www.fmg.co.nz

  • Allianz > www.allianz.co.nz

  • Ace > www.aceinsurance.co.nz

  • Medical Insurance Society > www.medicals.co.nz

  • Key Industry & Lloyd’s Events

Association Insurance Council of New Zealand > www.icnz.org.nz

Regulator Reserve Bank of New Zealand > www.rbnz.govt.nz

> www.lloyds.com/News_Centre/Events

Insurance Environment > Key Statistics

Gross Written Premiums (GWP)(direct non-life GWP at constant prices; million USD)

Density(direct non-life GWP per capita; USD)

Broker PenetrationEstimated broker penetration: 75% – 100%Quick Links

Insurance Information Institute> www.iii.org/international/profiles/

Worldwide Assecuranz Directory> http://assecuranz.kompass.com/

Based on soft intelligence and Axco, Statistics: > www.axcoinfo.com/

New Zealand

UK

New Zealand

UK

1,316

150,000

1,320

115,725

1,310

107,393

120,000

1,300

90,000

1,290

1,276

1,280

60,000

1,270

30,000

1,260

5,489

5,547

Global Opportunitiesfor insurance indicators> www.lloyds.com/marketintelligence

1,250

0

QUICK TOUR (Country Profiles)

2007

2008

2008 Density

Based on: > www.swissre.com > “World Insurance in 2008”

Based on: > www.swissre.com > “World Insurance in 2008”


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

New Zealand– Type 2 Office

> Back to Country Dashboard

Lloyd’s Business > Office Details

  • Lloyd’s General representative

    Mr Scott Gallowayc/o Hazelton Law

    Level 3

    101 Molesworth Street

    Wellington

    New Zealand

  • TELEPHONE+64 4 472 7582

  • FAX+ 64 4 472 7571

  • EMAIL> [email protected]

  • WEBSITE> www.lloyds.com/newzealand

Lloyd’s Business > Key Statistics, Trading Position and Market Intelligence

2008 Lloyd’s Gross Written Premiums

Trading Position

Market Intelligence

> www.lloyds.com/crystal

Lloyd’s GWP: USD 97.5m*

Direct: USD 62.1m*

Reinsurance: USD 35.4m*

*at constant prices; million USD

See:Data limitations for detail

Direct:Yes, except life

Reinsurance: Yes, except life

Managing Agents have access to information via:www.lloyds.com/REGIONALWATCH> Managing Agent Version> Asia Pacific > Established Markets

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Singapore– Type 4 Office

Profile

  • Key strengths and challenges of the economy

  • Size and growth of the economy

  • Basic economic indicators

  • Key insurers

  • Insurance industry events

  • Basic insurance indicators

Click Box to navigate

  • Lloyd’s office details and contacts

  • Trading position and size of Lloyd’s business

  • Available market intelligence products

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Singapore– Type 4 Office

> Back to Country Dashboard

Business Environment > Strengths & Challenges

  • STRENGTHS

  • Singapore'squality and competitiveness is among the most advanced in Asia.

  • A strategy of diversification, especially to high value-added sectors (chemicals, pharmaceuticals, and finance), constitutes a definite asset to the Singapore

    economy.

  • The country attracts substantial inflows of foreign direct investment due to an advantageous tax regime, excellent business environment and political stability.

  • Singapore has become a major investor within Asia, in many sectors including finance, telecommunications and transport via the state-controlled holding

    company Temasek.

    CHALLENGES

  • The open economy in Singapore is vulnerable to the current economic downturn.

  • Shortages of skilled labour have hampered the growth outlook of certain sectors in Singapore

  • An ageing population could ultimately undermine the future economy.

  • Social tensions could emerge in as a result of increasing long-term unemployment among less-skilled jobseekers.

Based on: > http://globaledge.msu.edu/

Business Environment > Basic Indicators

Gross Domestic Product (GDP)(at constant prices; billion USD)

Gross Domestic Product (GDP) Growth(in annual % change)

Rankings

Ease of Doing BusinessSingapore ranks 1stout of 181 countriesGlobal CompetitivenessSingapore ranks 5thout of 134 countries

Quick LinksDoing Business > www.doingbusiness.org

Competitiveness > www.weforum.org

01

Singapore

UK

Singapore

UK

1.1%

3,000

2

0.7%

2674

5

0

2,007

-2

2,000

-4

-4.1%

-6

1,000

-8

182

177

-10

-10.0%

-12

0

Global Opportunitiesfor business indicators> www.lloyds.com/marketintelligence

2008

2009 Forecast

2008

2009 Forecast

QUICK TOUR (Country Profiles)

Based on: > www.imf.org

Based on: > www.imf.org


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Singapore– Type 4 Office

> Back to Country Dashboard

Insurance Environment > Key Stakeholders and Events

  • Major Insurers

  • American Home > www.aiu.com.sg

  • NTUC Income > www.income.com.sg

  • AXA > www.axa.com.sg

  • First Capital > www.first-insurance.com.sg

  • MSIG > www.msig.com.sg

  • AIA > www.aia.sg

  • QBE > www.qbe.com.sg

  • Mitsui Sumitomo > www.ms-ins.com.sg

  • Tokio Marine & Fire > www.tokiomarine.com.sg

  • Ace > www.aceinsurance.com.sg

  • Key Industry & Lloyd’s Events

  • Key Industry & Lloyd’s Events

Association General Insurance Association of Singapore > www.gia.org.sg

Regulator Insurance and Reinsurance Supervisory Authority > www.mas.gov.sg

> www.lloyds.com/News_Centre/Events

Insurance Environment > Key Statistics

Gross Written Premiums (GWP)(direct non-life GWP at constant prices; million USD)

Density(direct non-life GWP per capita; USD)

Broker PenetrationEstimated broker penetration: 50% – 75%Quick Links

Insurance Information Institute> www.iii.org/international/profiles/

Worldwide Assecuranz Directory> http://assecuranz.kompass.com/

Based on soft intelligence and Axco, Statistics: > www.axcoinfo.com/

Singapore

UK

Singapore

UK

1,276

150,000

1,400

115,725

1,200

107,393

120,000

1,000

90,000

800

630

600

60,000

400

30,000

200

5,083

4,204

Global Opportunitiesfor insurance indicators> www.lloyds.com/marketintelligence

0

0

QUICK TOUR (Country Profiles)

2007

2008

2008 Density

Based on: > www.swissre.com > “World Insurance in 2008”

Based on: > www.swissre.com > “World Insurance in 2008”


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Singapore– Type 4 Office

> Back to Country Dashboard

Lloyd’s Business > Office Details

  • Lloyd’s General representative

    Mr Jon SongLloyd’s Asia

    One George Street

    #15-04/05

    Singapore 049145

  • TELEPHONE+65 6538 7862

  • FAX+65 6538 7768

  • EMAIL> [email protected]

  • WEBSITE> www.lloyds.com/singapore

Participants on the Platform

Singapore: (15) Amlin, Argenta, Ascot, Atrium, Beazley, Canopius, Catlin, Chaucer, Kiln, Markel, Newline Asia, QBE, Talbot, Travelers, Watkins

Lloyd’s Business > Key Statistics, Trading Position and Market Intelligence

2008 Lloyd’s Gross Written Premiums

Trading Position

Market Intelligence

> www.lloyds.com/crystal

Lloyd’s GWP: USD 206.9m*

Direct: USD 116.0m*

Reinsurance: USD 90.9m*

Lloyd’s Asia:USD 163.8m♦*at constant prices; million USD; ♦Lloyd’s Asia premium refers to the premium written by Lloyd’s Asia participants only, the domicile of this risk is not restricted to Singapore See:Data limitations for detail

Direct:Yes, except life and compulsory classes

Reinsurance: Yes, except life

Managing Agents have access to information via:www.lloyds.com/REGIONALWATCH> Managing Agent Version> Asia Pacific > Singapore

QUICK TOUR (Country Profiles)


North America

Latin America

Europe

IMEA

Asia Pacific

Latin America

TYPE 1

ARGENTINA

Belize

Chile

TYPE 3

BRAZIL

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

ARGENTINA– Type 1 Office

Profile

  • Key strengths and challenges of the economy

  • Size and growth of the economy

  • Basic economic indicators

  • Key insurers

  • Insurance industry events

  • Basic insurance indicators

Click Box to navigate

  • Lloyd’s office details and contacts

  • Trading position and size of Lloyd’s business

  • Available market intelligence products

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

ARGENTINA– Type 1 Office

> Back to Country Dashboard

Business Environment > Strengths & Challenges

  • STRENGTHS

  • With abundant natural, energy, mineral and agricultural resources, Argentina has benefited from the strong world demand and high prices for raw

    materials.

  • The undervalued local currency has benefited BOTH domestic production and export competitiveness.

  • The country's education level and human development indicators have been above the Latin American average.

  • The work force is skilled and adaptable.

    CHALLENGES

  • The economy continues to be partially dependent on raw materials and suffers from insufficient investment particularly in the energy sector and

    infrastructure.

  • Despite the restructuring of its bond debt on favourable terms in June 2005 and early IMF repayment in January 2006, foreign debt is still high.

  • Sustained improvement in public finances will depend on implementation of genuinely tight fiscal policy.

  • Increase in inequality and social tensions have persisted.

Based on: > http://globaledge.msu.edu/

Business Environment > Basic Indicators

Gross Domestic Product (GDP)(at constant prices; billion USD)

Gross Domestic Product (GDP) Growth(in annual % change)

Rankings

Ease of Doing BusinessArgentina ranks 88thout of 181 countriesGlobal CompetitivenessArgentina ranks 64thout of 134 countries

Quick LinksDoing Business > www.doingbusiness.org

Competitiveness > www.weforum.org

88

Argentina

UK

Argentina

UK

7.0%

3,000

8

2674

64

6

2,007

4

2,000

0.7%

2

0

1,000

-2

-1.5%

326

310

-4

-4.1%

-6

0

Global Opportunitiesfor business indicators> www.lloyds.com/marketintelligence

2008

2009 Forecast

2008

2009 Forecast

QUICK TOUR (Country Profiles)

Based on: > www.imf.org

Based on: > www.imf.org


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

ARGENTINA– Type 1 Office

> Back to Country Dashboard

Insurance Environment > Key Stakeholders and Events

  • Major Insurers

  • Fedaracion Patronal > www.fedpat.com.ar

  • Caja Seguros > www.lacaja.com.ar

  • Mapfre Argentina > www.mapfre.com.ar

  • HSBC Buesnos Aires > www.hsbc.com.ar/ar/seguros

  • Sancor > www.sancor.com.ar

  • Meridional > www.lameridional.com

  • San Cristobal > www.sancristobal.com.ar

  • Prevencion Art > www.seguros-art.com.ar

  • Provincia > www.provinciaseguros.com.ar

  • Segunda CSL > www.lasegunda.com.ar

  • Key Industry & Lloyd’s Events

Association Asociacion Argentina de Companias de Seguros> www.aacrsa.org.ar

Regulator Superintendencia de Seguros de la Nacion> www.ssn.gov.ar

> www.lloyds.com/News_Centre/Events

Insurance Environment > Key Statistics

Gross Written Premiums (GWP)(direct non-life GWP at constant prices; million USD)

Density(direct non-life GWP per capita; USD)

Broker PenetrationEstimated broker penetration: 25% – 50%Quick Links

Insurance Information Institute> www.iii.org/international/profiles/

Worldwide Assecuranz Directory> http://assecuranz.kompass.com/

Based on soft intelligence and Axco, Statistics: > www.axcoinfo.com/

Argentina

UK

Argentina

UK

1,276

150,000

1,400

115,725

1,200

107,393

120,000

1,000

90,000

800

600

60,000

400

162

30,000

200

6,476

4,947

Global Opportunities for insurance indicators> www.lloyds.com/marketintelligence

0

0

QUICK TOUR (Country Profiles)

2007

2008

2008 Density

Based on: > www.swissre.com > “World Insurance in 2008”

Based on: > www.swissre.com > “World Insurance in 2008”


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

ARGENTINA– Type 1 Office

> Back to Country Dashboard

Lloyd’s Business > Office Details

  • Lloyd’s General representative

    Mr John Wilson

    Las Heras 1274

    Acassuso 1640

    Buenos Aires

    Argentina

  • TELEPHONE+ 54 11 4798 8975

  • FAX+ 54 11 4798 8975

  • EMAIL> [email protected]

Lloyd’s Business > Key Statistics, Trading Position and Market Intelligence

2008 Lloyd’s Gross Written Premiums

Trading Position

Market Intelligence

> www.lloyds.com/crystal

Lloyd’s GWP: USD 7.1m

Direct: USD 1.6m*

Reinsurance: USD 5.5*

*at constant prices; million USD

See:Data limitations for detail

Direct:Yes, through a local registered intermediary except life, industrial life and bond investmentReinsurance: Yes, through a local intermediary

Managing Agents have access to information via:www.lloyds.com/REGIONALWATCH> Managing Agent Version> Latin America > Small Markets

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

brazil– Type 3 Office

Profile

  • Key strengths and challenges of the economy

  • Size and growth of the economy

  • Basic economic indicators

  • Key insurers

  • Insurance industry events

  • Basic insurance indicators

Click Box to navigate

  • Lloyd’s office details and contacts

  • Trading position and size of Lloyd’s business

  • Available market intelligence products

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

brazil– Type 3 Office

> Back to Country Dashboard

Business Environment > Strengths & Challenges

  • STRENGTHS

  • Brazil is endowed with extensive and varied natural resources and its economy has been diversifying for a while

  • Manufactured products represent a growing proportion of production and exports.

  • Macroeconomic stability is assured due to the continuity in Governmental Policy

  • The capacity to cope effectively with the volatile international financial market has been increasing

  • Brazil's domestic market potential and competitive labour costs enhance its attractiveness to foreign investors. .

    CHALLENGES

  • To achieve sustainable growth, structural reforms will be necessary — notably in education, social security, the employment market, taxation, and the

    regulatory framework — but political obstacles remain.

  • A lack of investment has resulted in deficient energy, rail, road, port and airport infrastructure with public/private partnership difficult to set up.

  • Brazil remains exposed to fluctuations in world prices for various commodities.

  • Public debt remains high

Based on: > http://globaledge.msu.edu/

Business Environment > Basic Indicators

Gross Domestic Product (GDP)(at constant prices; billion USD)

Gross Domestic Product (GDP) Growth(in annual % change)

Rankings

Ease of Doing BusinessBrazil ranks 125thout of 181 countriesGlobal CompetitivenessBrazil ranks 64thout of 134 countries

Quick LinksDoing Business > www.doingbusiness.org

Competitiveness > www.weforum.org

125

Brazil

UK

Brazil

UK

5.1%

3,000

6

2674

64

4

2,007

2,000

2

0.7%

1,573

1,269

0

1,000

-2

-1.3%

-4

-4.1%

-6

0

Global Opportunitiesfor business indicators> www.lloyds.com/marketintelligence

2008

2009 Forecast

2008

2009 Forecast

QUICK TOUR (Country Profiles)

Based on: > www.imf.org

Based on: > www.imf.org


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

brazil– Type 3 Office

> Back to Country Dashboard

Insurance Environment > Key Stakeholders and Events

  • Major Insurers

  • Porto Seguro CIA > www.portoseguro.com.br

  • Unibanco AIG Seguros > www.unibancoaig.com.br

  • Seguradi Liderdo > www.dpvatseguro.com.br

  • Mapfre Ver Cruz > www.mapfre.com.br

  • Sul America > www.sulamerica.com.br

  • Itau > www.itauseguros.com.br

  • Atlantida > www.atlantidaseguros.com.br

  • Allianz > www.allianz.com.br

  • Bradesco > www.bradescoautore.com.br

  • Brasilveiculos > www.bbseguroauto.com.br

  • Key Industry & Lloyd’s Events

Association Federacao Nacional das Empresas deSeguros> www.fenaseg.org.br

Regulator Superintendencia de Seguros Privados –SUSEP > www.susep.gov.br

> www.lloyds.com/News_Centre/Events

Insurance Environment > Key Statistics

Gross Written Premiums (GWP)(direct non-life GWP at constant prices; million USD)

Density(direct non-life GWP per capita; USD)

Broker PenetrationEstimated broker penetration: 75% – 100%Quick Links

Insurance Information Institute> www.iii.org/international/profiles/

Worldwide Assecuranz Directory> http://assecuranz.kompass.com/

Based on soft intelligence and Axco, Statistics: > www.axcoinfo.com/

Brazil

UK

Brazil

UK

1,276

150,000

1,400

115,725

1,200

107,393

120,000

1,000

90,000

800

600

60,000

400

25,074

20,508

30,000

129

200

Global Opportunities for insurance indicators> www.lloyds.com/marketintelligence

0

0

QUICK TOUR (Country Profiles)

2007

2008

2008 Density

Based on: > www.swissre.com > “World Insurance in 2008”

Based on: > www.swissre.com > “World Insurance in 2008”


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

brazil– Type 3 Office

> Back to Country Dashboard

Lloyd’s Business > Office Details

  • Lloyd’s General representative

    Mr Marco Castro

    Lloyd’s Brazil, Avenida Almirante Barroso

    No.52 Sala 2401 (Parte) Centro

    Rio de Janeiro , CEP 20031-918/RJ

    Brazil

  • TELEPHONE+ 55 (21) 2220 8446

  • EMAIL> [email protected]

  • WEBSITE> www.lloyds.com/brazil

MANAGING AGENT REPRESENTATIVES

Rio de Janeiro: (6) Ace, Catlin, Kiln, Liberty, Marlborough, Max

Lloyd’s Business > Key Statistics, Trading Position and Market Intelligence

2008 Lloyd’s Gross Written Premiums

Trading Position

Market Intelligence

> www.lloyds.com/crystal

Lloyd’s GWP: USD 176.2m

Direct: USD 5.0m*

Reinsurance: USD 171.2m*

*at constant prices; million USD

See:Data limitations for detail

Direct:No, permission / explicit approval required, except marine cargoReinsurance: Yes, Lloyd’s is registered as an 'Admitted' reinsurer in Brazil

Managing Agents have access to information via:www.lloyds.com/REGIONALWATCH> Managing Agent Version> Latin America > Brazil

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Belize– Type 1 Office

Profile

  • Key strengths and challenges of the economy

  • Size and growth of the economy

  • Basic economic indicators

  • Key insurers

  • Insurance industry events

  • Basic insurance indicators

Click Box to navigate

  • Lloyd’s office details and contacts

  • Trading position and size of Lloyd’s business

  • Available market intelligence products

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Belize– Type 1 Office

> Back to Country Dashboard

Business Environment > Strengths & Challenges

  • STRENGTHS

  • The service sector and nascent petroleum sector lead Belize's economic growth.

  • A combination of natural factors – climate the longest barrier reef in the Western Hemisphere, numerous islands, excellent fishing, safe waters for boating, jungle wildlife, and Mayan ruins--support the thriving tourist industry.

    CHALLENGES

  • Domestic industry is limited, constrained by relatively high-cost labourand energy and a small domestic market.

  • A major constraint on the economic development of Belize continues to be the scarcity of infrastructure investments.

  • Belize's economic performance is highly susceptible to external market changes.

Based on: > http://globaledge.msu.edu/

Business Environment > Basic Indicators

Gross Domestic Product (GDP)(at constant prices; billion USD)

Gross Domestic Product (GDP) Growth(in annual % change)

Rankings

Ease of Doing BusinessBelize ranks 78thout of 181 countriesGlobal CompetitivenessBelize ranks N/A out of 134 countries

Quick LinksDoing Business > www.doingbusiness.org

Competitiveness > www.weforum.org

78

Belize

UK

Belize

UK

3,000

4

2674

3.0%

N/A

3

2

2,007

1.0%

0.7%

2,000

1

0

-1

1,000

-2

-3

-4

1

1

-4.1%

-5

0

Global Opportunitiesfor business indicators> www.lloyds.com/marketintelligence

2008

2009 Forecast

2008

2009 Forecast

QUICK TOUR (Country Profiles)

Based on: > www.imf.org

Based on: > www.imf.org


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Belize– Type 1 Office

> Back to Country Dashboard

Insurance Environment > Key Stakeholders and Events

  • Major Insurers

  • Atlantic > www.atlanticinsurancebz.com

  • Guardian > www.ggil.biz

  • Home Protector Insurance > www.homeprotector.bz

  • ICB > www.icbinsurance.com

  • RF & G > www.rfginsurancebelize.com

  • Key Industry & Lloyd’s Events

Association The Organization of Insurance Companies of Belize

Regulator Office of the Supervisor of Insurance> www.governmentofbelize.gov.bz

> www.lloyds.com/News_Centre/Events

Insurance Environment > Key Statistics

Gross Written Premiums (GWP)(direct non-life GWP at constant prices; million USD)

Density(direct non-life GWP per capita; USD)

Broker PenetrationEstimated broker penetration: N/AQuick Links

Insurance Information Institute> www.iii.org/international/profiles/

Worldwide Assecuranz Directory> http://assecuranz.kompass.com/

Based on soft intelligence and Axco, Statistics: > www.axcoinfo.com/

N/A

N/A

Global Opportunities for insurance indicators> www.lloyds.com/marketintelligence

QUICK TOUR (Country Profiles)

Based on: > www.swissre.com > “World Insurance in 2008”

Based on: > www.swissre.com > “World Insurance in 2008”


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Belize– Type 1 Office

> Back to Country Dashboard

Lloyd’s Business > Office Details

  • Lloyd’s General representative

    Mr Derek Courtenay

    W H Courtenay & Co

    187 Hutson Street

    P O Box 214

    Belize City

    Belize

  • TELEPHONE+501 223 5701

  • FAX

    +501 223 9962

  • EMAIL> whc&[email protected]

Lloyd’s Business > Key Statistics, Trading Position and Market Intelligence

2008 Lloyd’s Gross Written Premiums

Trading Position

Market Intelligence

> www.lloyds.com/crystal

Lloyd’s GWP: USD 7.1m

Direct: USD 1.6m*

Reinsurance: USD 5.5m*

*at constant prices; million USD

See:Data limitations for detail

Direct:Yes, through a local registered intermediary except life, industrial life and bond investment

Reinsurance: Yes, through a local intermediary

Managing Agents have access to information via:www.lloyds.com/GLOBALOPPORTUNITIES> Managing Agent Version > Spreadsheet

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Chile– Type 1 Office

Profile

  • Key strengths and challenges of the economy

  • Size and growth of the economy

  • Basic economic indicators

  • Key insurers

  • Insurance industry events

  • Basic insurance indicators

Click Box to navigate

  • Lloyd’s office details and contacts

  • Trading position and size of Lloyd’s business

  • Available market intelligence products

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Chile– Type 1 Office

> Back to Country Dashboard

Business Environment > Strengths & Challenges

  • STRENGTHS

  • The world leading copper producer, Chile is endowed with abundant mining, agricultural, piscicultural (notably salmon) and forestry resources, as well as comparative advantages in those areas.

  • The country has benefited from economic expansion for the past twenty years, coupled with a relative consensus on the orthodox economic policy pursued.

  • The growing number of free-trade agreements has facilitated geographic and sectoral diversification of exports.

  • Political stability, quality institutions and infrastructure, and a solid financial system have fostered foreign investment in the country and its development as a regional platform.

    CHALLENGES

  • The economy remains too dependent on copper exports (half total sales abroad) and low added-value sectors.

  • To meet its energy needs the country remains dependent on foreign sources, particularly Argentine gas, pending the production start-up of a liquefied natural gas facility in 2009/2010.

  • The income gap — still among the world's highest due especially to disparities in the education system — has been a source of social tensions.

Based on: > http://globaledge.msu.edu/

Business Environment > Basic Indicators

Gross Domestic Product (GDP)(at constant prices; billion USD)

Gross Domestic Product (GDP) Growth(in annual % change)

Rankings

Ease of Doing BusinessChile ranks 40thout of 181 countriesGlobal CompetitivenessChile ranks 28thout of 134 countries

Quick LinksDoing Business > www.doingbusiness.org

Competitiveness > www.weforum.org

40

Chile

UK

Chile

UK

3.2%

3,000

4

2674

28

2

0.7%

2,007

0.1%

2,000

0

-2

1,000

-4

170

136

-4.1%

-6

0

Global Opportunitiesfor business indicators> www.lloyds.com/marketintelligence

2008

2009 Forecast

2008

2009 Forecast

QUICK TOUR (Country Profiles)

Based on: > www.imf.org

Based on: > www.imf.org


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Chile– Type 1 Office

> Back to Country Dashboard

Insurance Environment > Key Stakeholders and Events

  • Major Insurers

  • RSA > www.rsagroup.cl

  • Chilena (Zurich) > www.chilena.cl

  • Penta > www.pentasecurity.cl

  • Interamericana > www.interamericana.cl

  • Mapfre > www.mapfreseguros.cl

  • Cardif (BNP Paribas) > www.cardif.cl

  • Liberrty > www.liberty.cl

  • Magallanes > www.magallanes.cl

  • BCI > www.bci.cl

  • ACE > www.acelimited.com

  • Key Industry & Lloyd’s Events

Association Chilean Insurance Association > www.aach.cl

Regulator Insurance Superintendency > www.svs.cl

> www.lloyds.com/News_Centre/Events

Insurance Environment > Key Statistics

Gross Written Premiums (GWP)(direct non-life GWP at constant prices; million USD)

Density(direct non-life GWP per capita; USD)

Broker PenetrationEstimated broker penetration: 75% – 100%Quick Links

Insurance Information Institute> www.iii.org/international/profiles/

Worldwide Assecuranz Directory> http://assecuranz.kompass.com/

Based on soft intelligence and Axco, Statistics: > www.axcoinfo.com/

Chile

UK

Chile

UK

1,276

150,000

1,400

115,725

1,200

107,393

120,000

1,000

90,000

800

600

60,000

400

30,000

138

200

2,377

2,325

Global Opportunities for insurance indicators> www.lloyds.com/marketintelligence

0

0

QUICK TOUR (Country Profiles)

2007

2008

2008 Density

Based on: > www.swissre.com > “World Insurance in 2008”

Based on: > www.swissre.com > “World Insurance in 2008”


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Chile– Type 1 Office

> Back to Country Dashboard

Lloyd’s Business > Office Details

  • Lloyd’s General representative

    Mr Emilio SahurieEstudio Carvallo

    Coyancura 2283, Pisco 9

    Santiago

    Chile

  • TELEPHONE+56 2 676 9358

  • FAX+56 2 234 4167

  • EMAIL> [email protected]

Lloyd’s Business > Key Statistics, Trading Position and Market Intelligence

2008 Lloyd’s Gross Written Premiums

Trading Position

Market Intelligence

> www.lloyds.com/crystal

Lloyd’s GWP: USD 106.5m

Direct: USD 5.7m*

Reinsurance: USD 108.8*

*at constant prices; million USD

See:Data limitations for detail

Direct:Lloyd's is approved to transact marine, aviation, and transport of international goods business. Although, Lloyd's underwriters cannot offer any other classes of insurance within Chile, a Chilean citizen or entity is free to buy insurance abroad and to approach a foreign insurer, with the exception for compulsory classes.Reinsurance:Yes.

Managing Agents have access to information via:www.lloyds.com/REGIONALWATCH> Managing Agent Version> Latin America > Small Markets

QUICK TOUR (Country Profiles)


North America

Latin America

Europe

IMEA

Asia Pacific

India, Middle East and Africa (IMEA)

TYPE 1

Namibia

Zimbabwe

TYPE 3

SOUTH AFRICA

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Namibia– Type 1 Office

Profile

  • Key strengths and challenges of the economy

  • Size and growth of the economy

  • Basic economic indicators

  • Key insurers

  • Insurance industry events

  • Basic insurance indicators

Click Box to navigate

  • Lloyd’s office details and contacts

  • Trading position and size of Lloyd’s business

  • Available market intelligence products

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Namibia – Type 1 Office

> Back to Country Dashboard

Business Environment > Strengths & Challenges

  • STRENGTHS

  • Namibia has enjoyed remarkable political and social stability since independence from South Africa in 1990.

  • Good ethnic intermixing due to large migrations from rural area to cities and a strong feeling of national identity forged during the struggle for independence

  • Namibia boasts extensive ore resources including diamonds, uranium, zinc and copper.

  • Namibia belongs to SACU (Southern Africa Customs Union) and has benefited from the redistribution of Union customs revenues underpinned by South Africa's performance.

    CHALLENGES

  • Namibia has suffered from an insufficiently diversified productive fabric with its economy largely resting on raw material exploitation and thus vulnerable to external shocks.

  • Economic growth was not sufficiently strong to significantly reduce a high unemployment and poverty rate.

  • A 20% AIDS prevalence rate has impeded Namibia's development.

Based on: > http://globaledge.msu.edu/

Business Environment > Basic Indicators

Gross Domestic Product (GDP)(at constant prices; billion USD)

Gross Domestic Product (GDP) Growth(in annual % change)

Rankings

Ease of Doing BusinessNamibia ranks 51st out of 181 countriesGlobal CompetitivenessNamibia ranks 80thout of 134 countries

Quick LinksDoing Business > www.doingbusiness.org

Competitiveness > www.weforum.org

51

Namibia

UK

Namibia

UK

3,000

4

2674

2.9%

3

80

2

2,007

0.7%

2,000

1

0

-1

-0.7%

-2

1,000

-3

-4

8

7

-4.1%

-5

0

Global Opportunitiesfor business indicators> www.lloyds.com/marketintelligence

2008

2009 Forecast

2008

2009 Forecast

QUICK TOUR (Country Profiles)

Based on: > www.imf.org

Based on: > www.imf.org


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Namibia – Type 1 Office

> Back to Country Dashboard

Insurance Environment > Key Stakeholders and Events

  • Major Insurers

  • Mutual & Federal > www.mf.co.na

  • Santam > www.santam.co.na

  • Hollard > www.hollard.co.na

  • Legal Shield > www.legalshield.na

  • Swabou > www.outsurance.com.na

  • NASRIA > www.nasria.com.na

  • Key Industry & Lloyd’s Events

Association Namibia Insurance Association

Regulator Namibia Financial Supervisory Authority

> www.lloyds.com/News_Centre/Events

Insurance Environment > Key Statistics

Gross Written Premiums (GWP)(direct non-life GWP at constant prices; million USD)

Density(direct non-life GWP per capita; USD)

Broker PenetrationEstimated broker penetration: 50% – 75%Quick Links

Insurance Information Institute> www.iii.org/international/profiles/

Worldwide Assecuranz Directory> http://assecuranz.kompass.com/

Based on soft intelligence and Axco, Statistics: > www.axcoinfo.com/

N/A

N/A

Global Opportunitiesfor insurance indicators> www.lloyds.com/marketintelligence

QUICK TOUR (Country Profiles)

Based on: > www.swissre.com > “World Insurance in 2008”

Based on: > www.swissre.com > “World Insurance in 2008”


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Namibia– Type 1 Office

> Back to Country Dashboard

Lloyd’s Business > Office Details

  • Lloyd’s General representative

    Mr Peter Gruttemeyer

    Ohlthaver & List Trust Company (Pty) Ltd

  • Carl List Haus No. 27 Fidel Castro Street PO Box 16 Windhoek

  • Namibia

  • TELEPHONE+264 61 207 5236

  • EMAIL> [email protected]

Lloyd’s Business > Key Statistics, Trading Position and Market Intelligence

2008 Lloyd’s Gross Written Premiums

Trading Position

Market Intelligence

> www.lloyds.com/crystal

Lloyd’s GWP: USD 7.6m*

Direct: USD 5.9m*

Reinsurance: USD 1.7m*

*at constant prices; million USD

See:Data limitations for detail

Direct:Yes, through a local intermediary

Reinsurance: Yes, through a local intermediary

Managing Agents have access to information via:www.lloyds.com/GLOBALOPPORTUNITIES> Managing Agent Version > Spreadsheet

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

SOUTH AFRICA– Type 3 Office

Profile

  • Key strengths and challenges of the economy

  • Size and growth of the economy

  • Basic economic indicators

  • Key insurers

  • Insurance industry events

  • Basic insurance indicators

Click Box to navigate

  • Lloyd’s office details and contacts

  • Trading position and size of Lloyd’s business

  • Available market intelligence products

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

SOUTH AFRICA– Type 3 Office

> Back to Country Dashboard

Business Environment > Strengths & Challenges

  • STRENGTHS

  • With the country generating 33 per cent of African GDP, its economic and political influence is influential on the continent.

  • South Africa boasts extensive mining resources, diversified industry, and a high-performance tertiary sector (banks, telecommunications, transport).

  • Public sector finances have been under control

  • The government has enjoyed substantial capacity to contract new loans to other countries due to its creditworthiness in the current economic climate

  • Tight economic management and the quality of the business environment represent a major asset to South Africa

    CHALLENGES

  • Under-investment in the infrastructure of energy has given rise to a chronic energy crisis likely to last for the next five years.

  • A lack of skilled labour hinders implementation of vast investment projects in sectors such as transport and energy.

  • Although South Africa is one of the main beneficiaries of foreign direct investment in sub-Saharan Africa, the investments falls short of covering its growing

    finance needs.

  • An increasing wage gap reflects the social and economic dualism inherited from apartheid with Black Economic Empowerment policies thus far not

    contributing much to reducing the inequality that stirs social and political tensions

Based on: > http://globaledge.msu.edu/

Business Environment > Basic Indicators

Gross Domestic Product (GDP)(at constant prices; billion USD)

Gross Domestic Product (GDP) Growth(in annual % change)

Rankings

Ease of Doing BusinessHong Kong ranks 32ndout of 181 countriesGlobal CompetitivenessHong Kong ranks 45thout of 134 countries

Quick LinksDoing Business > www.doingbusiness.org

Competitiveness > www.weforum.org

32

South Africa

UK

South Africa

UK

3,000

4

3.1%

2674

45

3

2

2,007

0.7%

2,000

1

0

-1

-0.3%

1,000

-2

-3

277

243

-4

-4.1%

-5

0

Global Opportunitiesfor business indicators> www.lloyds.com/marketintelligence

2008

2009 Forecast

2008

2009 Forecast

QUICK TOUR (Country Profiles)

Based on: > www.imf.org

Based on: > www.imf.org


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

SOUTH AFRICA– Type 3 Office

> Back to Country Dashboard

Insurance Environment > Key Stakeholders and Events

  • Major Insurers

  • Santam > www.santam.co.za

  • Mutual & Federal > www.mf.co.za

  • Hollard > www.hollard.co.za

  • Zurich Insurance > www.zurich.co.za

  • Outsurance > www.outsurance.co.za

  • Guardrisk > www.guardrisk.co.za

  • Absa > www.absa.co.za

  • Regent > www.regent.co.za

  • Auto & General > www.autogen.co.za

  • Standard > www.standardbank.co.za

  • Key Industry & Lloyd’s Events

Association South African Insurance Association> www.saia.co.za

Regulator Financial Services Board > www.fsb.co.za

> www.lloyds.com/News_Centre/Events

Insurance Environment > Key Statistics

Gross Written Premiums (GWP)(direct non-life GWP at constant prices; million USD)

Density(direct non-life GWP per capita; USD)

Broker PenetrationEstimated broker penetration: 75% – 100%Quick Links

Insurance Information Institute> www.iii.org/international/profiles/

Worldwide Assecuranz Directory> http://assecuranz.kompass.com/

Based on soft intelligence and Axco, Statistics: > www.axcoinfo.com/

South Africa

UK

South Africa

UK

1,276

150,000

1,400

115,725

1,200

107,393

120,000

1,000

90,000

800

600

60,000

400

164

30,000

8,345

7,990

200

Global Opportunitiesfor insurance indicators> www.lloyds.com/marketintelligence

0

0

QUICK TOUR (Country Profiles)

2007

2008

2008 Density

Based on: > www.swissre.com > “World Insurance in 2008”

Based on: > www.swissre.com > “World Insurance in 2008”


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

SOUTH AFRICA– Type 3 Office

> Back to Country Dashboard

Lloyd’s Business > Office Details

  • Lloyd’s General representative

    Mr Amit Khilosia

    General Manager

    Lloyd's South Africa (Pty) Ltd

    7th Floor , The Forum

    2 Maude Street, Sandton 2196

    South Africa

  • TELEPHONE+27 11 884 0486

  • FAX+27 11 884 0384

  • EMAIL> [email protected]

  • WEBSITE>www.lloyds.com/southafrica

  • General Representative & Non-Executive Chairman

    Mr John Sibanda

  • TELEPHONE+27 11 884 0486

  • EMAIL> [email protected]

Lloyd’s Business > Key Statistics, Trading Position and Market Intelligence

2008 Lloyd’s Gross Written Premiums

Trading Position

Market Intelligence

> www.lloyds.com/crystal

Lloyd’s GWP: USD 252.1m*

Direct: USD 177.8m*

Reinsurance: USD 74.3m*

*at constant prices; million USD

See:Data limitations for detail

Direct:Yes, except compulsory classes, funeral expenses and life

Reinsurance: Yes

Managing Agents have access to information via:www.lloyds.com/REGIONALWATCH> Managing Agent Version> Latin America > South Africa

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Zimbabwe– Type 1 Office

Profile

  • Key strengths and challenges of the economy

  • Size and growth of the economy

  • Basic economic indicators

  • Key insurers

  • Insurance industry events

  • Basic insurance indicators

Click Box to navigate

  • Lloyd’s office details and contacts

  • Trading position and size of Lloyd’s business

  • Available market intelligence products

QUICK TOUR (Country Profiles)


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Zimbabwe – Type 1 Office

> Back to Country Dashboard

Business Environment > Strengths & Challenges

  • STRENGTHS

  • The world's second-largest platinum producer, Zimbabwe brims with mineral wealth (palladium, gold, nickel).

  • Zimbabwe boasts considerable farm potential.

  • Varied geological environments — with some, like Lake Victoria, classified as world heritage sites by UNESCO — endow Zimbabwe with substantial tourism development potential.

  • An extensive road network should be propitious to economic recovery in the medium term.

  • A skilled Diaspora would likely constitute an asset in the framework of efforts to consolidate the economy.

    CHALLENGES

  • The effects of the current crisis will take considerable time to overcome given the dire economic and financial position of Zimbabwe.

  • A lack of investment contributes to the gradual disintegration of transport and energy infrastructure.

  • Hyperinflation has sealed the disorganisation of commerce and production

  • Deterioration of the food and sanitary situation has compounded the dilapidation of the economy, with most of the population dependent on international aid for subsistence.

  • With a 16% AIDS prevalence rate, the proportion of the population infected in Zimbabwe is amongst the highest in Africa and the world.

Based on: > http://globaledge.msu.edu/

Business Environment > Basic Indicators

Gross Domestic Product (GDP)(at constant prices; billion USD)

Gross Domestic Product (GDP) Growth(in annual % change)

Rankings

Ease of Doing BusinessZimbabwe ranks 158th out of 181 countriesGlobal CompetitivenessZimbabwe ranks 133rd out of 134 countries

Quick LinksDoing Business > www.doingbusiness.org

Competitiveness > www.weforum.org

158

133

NA

NA

Global Opportunitiesfor business indicators> www.lloyds.com/marketintelligence

QUICK TOUR (Country Profiles)

Based on: > www.imf.org

Based on: > www.imf.org


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Zimbabwe – Type 1 Office

> Back to Country Dashboard

Insurance Environment > Key Stakeholders and Events

  • Major Insurers

  • Nicoz Diamond > www.nicozdiamond.co.zw

  • RM Insurance > www.rminsurance.co.zw

  • Cell Insurance Zimbabwe > www.cellinsurance.co.zw

  • Altfin > www.altfininsurance.co.zw

  • Tristar > www.tristarinsurance.co.zw

  • Heritage > www.heritage.co.zw

  • Key Industry & Lloyd’s Events

Association Insurance Association of Zimbabwe > www.zimtreasury.org

Regulator Insurance Council of Zimbabwe

> www.lloyds.com/News_Centre/Events

Insurance Environment > Key Statistics

Gross Written Premiums (GWP)(direct non-life GWP at constant prices; million USD)

Density(direct non-life GWP per capita; USD)

Broker PenetrationEstimated broker penetration: 50% – 75%Quick Links

Insurance Information Institute> www.iii.org/international/profiles/

Worldwide Assecuranz Directory> http://assecuranz.kompass.com/

Based on soft intelligence and Axco, Statistics: > www.axcoinfo.com/

N/A

N/A

Global Opportunitiesfor insurance indicators> www.lloyds.com/marketintelligence

QUICK TOUR (Country Profiles)

Based on: > www.swissre.com > “World Insurance in 2008”

Based on: > www.swissre.com > “World Insurance in 2008”


Business Environment

Insurance Environment

Lloyd’s Business

North America

Latin America

Europe

IMEA

Asia Pacific

Zimbabwe– Type 1 Office

> Back to Country Dashboard

Lloyd’s Business > Office Details

  • Lloyd’s General representative

  • Ms Emilia Chisango

  • c/o KPMG

  • Mutual Gardens

  • 100 The Chase (West) Emerald Hill

  • Harare

  • Zimbabwe

  • TELEPHONE+263 430 2600

  • EMAIL> [email protected]

Lloyd’s Business > Key Statistics, Trading Position and Market Intelligence

2008 Lloyd’s Gross Written Premiums

Trading Position

Market Intelligence

> www.lloyds.com/crystal

Lloyd’s GWP: USD 3.1m*

Direct: USD 1.5m*

Reinsurance: USD 1.6m*

*at constant prices; million USD

See:Data limitations for detail

Direct:Yes, through a local intermediary

Reinsurance: Yes, through a local intermediary

Managing Agents have access to information via:www.lloyds.com/GLOBALOPPORTUNITIES> Managing Agent Version > Spreadsheet

QUICK TOUR (Country Profiles)


North America

Latin America

Europe

IMEA

Asia Pacific

  • Data limitations:

  • Please note the information contained in this document is based upon data collected from Xchanging and may be incomplete for some classes of business; for instance a substantial figure, which is missing from the REG 258 data set is comprised of UK Motor, which is not processed by Xchanging.

  • Gross Premiums: Original and additional inward premiums, plus any amount in respect of administration fees or policy expenses remitted with a premium but before the deduction of outward reinsurance premiums. Lloyd’s figures are based on gross written premiums based on figures processed by Xchanging by processing year and country of origin.

    • Country of Origin: denotes the country from where demand for the insurance / reinsurance emanates; i.e. the coverholder or policyholder, irrespective of the country to which the risk is classified for regulatory reporting purposes.

    • Processing Year: relates to the calendar year in which the premium, additional or return premium is processed by Xchanging, irrespective of the actual underwriting year of account of the risks (which is determined by the inception date of each risk).

  • Example: A policy holder in the UK insuring a holiday home in France would be classified as a UK risk by Country Of Origin, but French for regulatory reporting purposes. Similarly a risk incepting on 1st December 2007 would be classified at 2007 underwriting year of account but may not be processed by Xchanging until 2008 and so be allocated to the 2008 processing year.

QUICK TOUR (Country Profiles)



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