IFB. FINAL5.29.03 5/29/03 2:41 PM Page i

The INT E R N AT I O N A L INSURANCE FACT BO OK 2003

Insurance Information Institute IFB. FINAL5.29.03 5/29/03 2:41 PM Page ii

TO THE READER

Forty years ago, recognizing the need for accurate, concise and readily available information about the property/casualty insurance business, the Insurance Information Institute began pub- lishing the I.I.I. Fact Book. This book has now become the definitive resource for reporters, researchers and others looking for facts and figures on the industry. We reached another milestone with the creation of the Financial Services Fact Book, which was launched not long after Congress passed the Gramm-Leach-Bliley Financial Services Modernization Act in November 1999. The Act swept away 1930s legislation preventing insurance companies, banks and securities firms from expanding into other financial services businesses. A few years ago, we developed a Web site for international insurance facts in response to the increasing globalization of the insurance business. This year we decided to expand that mate- rial and produce a book, the I.I.I. International Insurance Fact Book, to coincide with the 39th International Insurance Society seminar being held in New York City. We could not have undertaken this project without help from many organizations that collect international insurance data. We are especially grateful for the generous assistance of Axco, a London-based insurance information service, and Swiss Re, which publishes the interna- tional research journal, sigma. The information included in this book, which covers 90 countries, comes from a variety of sources. We have attempted to standardize the information as much as possible, though prac- tices such as address formats vary widely from country to country and from source to source. Although we have tried to provide comparable information for each country, the availability of data varies, so some items are less complete or up-to-date than others. Most important, however, the Web site version of the International Insurance Fact Book, which can be accessed online at www.iii.org or www.internationalinsurance.org, will be updated as new information becomes available. We hope you find this book and the Web site useful.

Gordon Stewart, President Insurance Information Institute

©2003 Insurance Information Institute. ISBN 0-932387-49-7 IFB. FINAL5.29.03 5/29/03 2:41 PM Page iii

Contents Contents

Chapter 1: World Overview ...... 1

Chapter 2: World Rankings ...... 7

Chapter 3: Country Profiles ...... 13

Algeria...... 14 Finland...... 39 Argentina ...... 15 France...... 40 Australia ...... 16 Germany ...... 41 Austria ...... 17 Greece...... 42 Bahamas...... 18 Guatemala ...... 43 Bahrain...... 19 Honduras...... 44 Bangladesh ...... 20 Hong Kong ...... 45 Barbados...... 21 Hungary...... 46 Belgium ...... 22 Iceland ...... 47 Bermuda...... 23 India...... 48 Brazil ...... 24 Indonesia ...... 49 Bulgaria ...... 25 Iran ...... 50 Canada...... 26 Ireland ...... 51 Chile...... 27 Israel ...... 52 China (People’s Republic of) ...... 28 Italy...... 53 Colombia ...... 29 Ivory Coast ...... 54 Costa Rica...... 30 Jamaica...... 55 Croatia ...... 31 Japan...... 56 Cyprus...... 32 Jordan...... 57 Czech Republic ...... 33 Kenya...... 58 Denmark...... 34 Kuwait ...... 59 Dominican Republic ...... 35 Lebanon...... 60 Ecuador ...... 36 Luxembourg ...... 61 Egypt...... 37 Malaysia...... 62 El Salvador ...... 38 Malta...... 63 IFB. FINAL5.29.03 5/29/03 2:41 PM Page iv

Mauritius ...... 64 South Africa ...... 84 Mexico ...... 65 South Korea ...... 85 Morocco...... 66 Spain...... 86 Netherlands ...... 67 Sri Lanka ...... 87 New Zealand ...... 68 Sweden ...... 88 Nigeria ...... 69 Switzerland ...... 89 Norway ...... 70 Taiwan ...... 90 Oman ...... 71 Thailand...... 91 Pakistan ...... 72 Trinidad and Tobago...... 92 Panama...... 73 Tunisia ...... 93 Peru...... 74 Turkey...... 94 Philippines...... 75 Ukraine ...... 95 Poland...... 76 United Arab Emirates (UAE) ...... 96 Portugal ...... 77 United Kingdom...... 97 Romania ...... 78 United States ...... 98 Russia ...... 79 Uruguay ...... 99 Saudi Arabia...... 80 Venezuela...... 100 Singapore ...... 81 Vietnam ...... 101 Slovakia ...... 82 Yugoslavia...... 102 Slovenia ...... 83 Zimbabwe...... 103

Chapter 4: Appendices ...... 104

Maps...... 104

Resources...... 113

Insurance Information Institute, Affiliated Offices

and Representatives...... 116

Insurance Information Institute Board of Directors ...... Inside back cover IFB. FINAL5.29.03 5/29/03 2:41 PM Page 1

Chapter 1: World Overview

WORLD LIFE AND NONLIFE INSURANCE PREMIUMS, 1992-2001 (Direct premiums written, U.S. $ millions)

Year Nonlife1 Life Total 1992 $697,503 $768,436 $1,465,939 1993 792,087 1,010,490 1,802,731 1994 846,600 1,121,186 1,967,787 1995 906,781 1,236,627 2,143,408 1996 909,100 1,196,736 2,105,838 1997 896,873 1,231,798 2,128,671 1998 891,352 1,275,053 2,166,405 1999 912,749 1,424,203 2,336,952 2000 926,503 1,518,401 2,444,904 2001 969,074 1,439,177 2,408,252 1Includes accident and health insurance.

Source: Swiss Re, sigma, No. 6/2002.

POPULATION AND GROSS DOMESTIC PRODUCT BY COUNTRY, 2001 Gross domestic Gross domestic Population product2 Population product2 Country in 20021 (U.S. $ billions) Country in 20021 (U.S. $ billions) Algeria 32,277,942 $177.0 China, PR 1,284,303,705 5,560.0 Argentina 37,812,817 453.0 Colombia 41,008,227 $255.0 Australia 19,546,792 465.9 Costa Rica 3,834,934 31.9 Austria 8,169,929 220.0 Croatia 4,390,751 36.1 Bahamas 300,529 5.0 Cyprus 767,314 9.1 Bahrain 656,397 8.4 Czech Republic 10,256,760 147.9 Bangladesh 133,376,684 230.0 Denmark 5,368,854 149.8 Barbados 276,607 4.0 Dominican Republic 8,721,594 50.0 Belgium 10,274,595 267.7 Ecuador 13,447,494 39.6 Brazil 176,029,560 1,340.0 Egypt 70,712,345 258.0 Bulgaria 7,621,337 48.0 El Salvador 6,353,681 28.4 Canada 31,902,268 875.0 Finland 5,183,545 133.5 Chile 15,498,930 153.0 France 59,765,983 1,510.0 (table continues)

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WORLD OVERVIEW

POPULATION AND GROSS DOMESTIC PRODUCT BY COUNTRY, 2001 (Cont’d) Gross domestic Gross domestic Population product2 Population product2 Country in 20021 (U.S. $ billions) Country in 20021 (U.S. $ billions) Germany 83,251,851 2,174.0 Panama 2,882,329 16.9 Greece 10,645,343 $189.7 Peru 27,949,639 132.0 Guatemala 13,314,079 48.3 Philippines 84,525,639 335.0 Honduras 6,560,608 17.0 Poland 38,625,478 339.6 Hong Kong 7,303,334 180.0 Portugal 10,084,245 174.1 Hungary 10,075,034 120.9 Romania 22,317,730 152.7 Iceland 279,384 6.9 Russia 144,978,573 1,200.0 India 1,045,845,226 2,500.0 Saudi Arabia 23,513,330 241.0 Indonesia 231,328,092 687.0 Singapore 4,452,732 106.3 Iran 66,622,704 426.0 Slovakia 5,422,366 62.0 Ireland 3,883,159 104.7 Slovenia 1,932,917 31.0 Israel 6,029,529 119.0 South Africa 43,647,658 412.0 Italy 57,715,625 1,402.0 South Korea 48,324,000 865.0 Ivory Coast 16,804,784 25.5 Spain 40,077,100 757.0 Jamaica 2,680,029 9.8 Sri Lanka 19,576,783 62.7 Japan 126,974,628 3,450.0 Sweden 8,876,744 219.0 Jordan 5,307,470 21.6 Switzerland 7,301,994 226.0 Kenya 31,138,735 31.0 Taiwan 22,548,009 386.0 Kuwait 2,111,561 30.9 Thailand 62,354,402 410.0 Lebanon 3,677,780 18.8 Trinidad and Tobago 1,163,724 10.6 Luxembourg 448,569 19.2 Tunisia 9,815,644 64.5 Malaysia 22,662,365 200.0 Turkey 67,308,928 443.0 Malta 397,499 6.0 UAE 2,445,989 51.0 Mauritius 1,200,206 12.9 Ukraine 48,396,470 205.0 Mexico 103,400,165 920.0 United Kingdom 59,778,002 1,470.0 Morocco 31,167,783 112.0 United States 280,562,489 10,082.0 Netherlands 16,067,754 413.0 Uruguay 3,386,575 31.0 New Zealand 3,908,037 75.4 Venezuela 24,287,670 146.2 Nigeria 129,934,911 105.9 Vietnam 81,098,416 168.1 Norway 4,525,116 138.7 Yugoslavia 10,656,929 24.0 Oman 2,713,462 21.5 Zimbabwe 11,376,676 28.0 Pakistan 147,663,429 $299.0 1As of July, 2002. 2Estimated. Source: U.S. Central Intelligence Agency, World Factbook 2002. 2 I.I.I. International Insurance Fact Book 2003 IFB. FINAL5.29.03 5/29/03 2:41 PM Page 3

WORLD OVERVIEW

LIFE AND NONLIFE INSURANCE PREMIUMS, 2001 (Direct premiums written, U.S. $ millions) Total premiums Nonlife Life Percent of total Country premiums1 premiums Amount world premiums Algeria $272 $13 $285 0.01% Argentina 4,418 2,569 6,986 0.29 Australia2 12,311 20,394 32,705 1.36 Austria 5,872 5,177 11,049 0.46 Bahamas* 132 180 312 0.01 Bahrain 121 34 156 0.01 Bangladesh* 81 129 210 0.01 Barbados* 141 58 199 0.01 Belgium+ 8,501 12,023 20,524 0.85 Brazil 8,953 1,822 10,775 0.45 Bulgaria 180 40 220 0.01 Canada3+ 24,342 20,970 45,312 1.88 Chile 837 1,881 2,718 0.11 Colombia 1,465 497 1,962 0.08 Costa Rica 304 26 330 0.01 Croatia 500 111 611 0.03 Cyprus 182 225 407 0.02 Czech Republic+ 1,379 744 2,123 0.09 Denmark 3,902 7,295 11,197 0.46 Dominican Republic 442 44 486 0.02 Ecuador 287 26 313 0.01 Egypt4 388 174 562 0.02 El Salvador 190 59 249 0.01 Finland 2,368 8,511 10,879 0.45 France+ 38,449 75,146 113,596 4.72 Germany 68,051 55,631 123,682 5.14 Greece 1,209 1,156 2,364 0.10 Guatemala 170 41 212 0.01 Honduras 121 47 168 0.01 Hong Kong 1,987 8,404 10,392 0.43 Hungary+ 847 603 1,450 0.06 Iceland 223 18 242 0.01 (table continues)

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WORLD OVERVIEW

LIFE AND NONLIFE INSURANCE PREMIUMS, 2001 (Cont’d) (Direct premiums written, U.S. $ millions) Total premiums Nonlife Life Percent of total Country premiums1 premiums Amount world premiums India5* $2,459 $9,418 $11,877 0.49% Indonesia* 868 773 1,641 0.07 Iran6 653 72 725 0.03 Ireland+ 3,981 11,321 15,302 0.64 Israel 3,171 3,382 6,552 0.27 Italy 27,506 41,481 68,988 2.86 Ivory Coast* 108 47 155 0.01 Jamaica* 188 127 315 0.01 Japan5 89,114 356,731 445,845 18.51 Jordan 145 24 170 0.01 Kenya 205 90 295 0.01 Kuwait 199 60 259 0.01 Lebanon* 392 84 476 0.02 Luxembourg 775 4,845 5,620 0.23 Malaysia5+ 1,636 3,082 4,718 0.20 Malta+ 82 72 154 0.01 Mauritius 71 112 183 0.01 Mexico 5,893 5,283 11,176 0.46 Morocco 681 275 955 0.04 Netherlands+ 15,675 21,534 37,209 1.55 New Zealand 2,048 763 2,810 0.12 Nigeria* 216 54 270 0.01 Norway 4,098 3,910 8,008 0.33 Oman 166 35 201 0.01 Pakistan* 214 168 382 0.02 Panama 246 114 360 0.01 Peru 363 208 571 0.02 Philippines* 414 493 906 0.04 Poland+ 3,529 1,882 5,410 0.22 Portugal 2,869 3,039 5,907 0.25 PR China 9,928 15,556 25,485 1.06 Romania 272 73 344 0.01 Russia 4,687 4,783 9,470 0.39 (table continues) 4 I.I.I. International Insurance Fact Book 2003 IFB. FINAL5.29.03 5/29/03 2:41 PM Page 5

WORLD OVERVIEW

LIFE AND NONLIFE INSURANCE PREMIUMS, 2001 (Cont’d) (Direct premiums written, U.S. $ millions) Total premiums Nonlife Life Percent of total Country premiums1 premiums Amount world premiums Saudi Arabia* $979 $13 $992 0.04% Singapore 1,091 2,914 4,005 0.17 Slovakia 372 287 659 0.03 Slovenia 745 203 948 0.04 South Africa 3,145 17,152 20,297 0.84 South Korea5 14,145 36,392 50,537 2.10 Spain+ 17,077 19,364 36,441 1.51 Sri Lanka* 106 83 188 0.01 Sweden 4,153 12,046 16,199 0.67 Switzerland 11,781 19,661 31,442 1.31 Taiwan 7,299 16,953 24,253 1.01 Thailand* 1,239 2,127 3,366 0.14 Trinidad and Tobago* 133 336 469 0.02 Tunisia 292 28 320 0.01 Turkey 1,660 375 2,034 0.08 UAE7* 652 149 801 0.03 Ukraine 561 3 564 0.02 United Kingdom 65,664 152,717 218,380 9.07 United States8* 460,608 443,413 904,021 37.54 Uruguay+ 314 72 386 0.02 Venezuela 2,639 86 2,726 0.11 Vietnam 146 169 315 0.01 Yugoslavia 277 2 279 0.01 Zimbabwe* 162 153 314 0.01 1Includes accident and health insurance. 2Nonlife insurance: business of private-sector insurers in the period July 1, 2000 - June 30, 2001. 3Life business expressed in net premiums. 4July 11, 2000 - June 30, 2001. 5April 1, 2001 - March 31, 2002. 6March 21, 2001 - March 20, 2002. 7Based on an ARIG (Arab Insurance Group) estimate for the year 2000. 8Life premiums include an estimate of group annuity premiums. *Estimated. +Provisional.

Source: Swiss Re, sigma, No. 6/2002.

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WORLD OVERVIEW

Outside the United States, the insurance industry is divided into life and nonlife sectors. In the United States, the industry is divided into life/health and property/casualty sectors. In 2001, world insurance premium volume, for both sectors combined, totaled $2.41 tril- lion, down from $2.44 trillion in 2000, according to Swiss Re. The number of countries in the survey of world insurance premiums conducted by Swiss Re increased from 66 in 1992 to 89 in 2001. To be included, countries must have had reliable data and direct premiums of over $100 million from 1992 to 1998, and over $150 million thereafter.

THE WORLD’S LEADING INSURANCE COUNTRIES, 2001 (Direct premiums written, U.S. $ billions) Total premiums Percent Percent Nonlife Life change from of total world Rank Country premiums1 premiums Amount prior year premiums 1 United States2 $460.6 $443.4 $904.0 5.2% 37.54% 2 Japan3 89.1 356.7 445.8 -11.5 18.51 3 United Kingdom 65.7 152.7 218.4 -11.6 9.07 4 Germany 68.1 55.6 123.7 0.0 5.14 5 France 38.4 75.1 113.6 -6.0 4.72 6 Italy 27.5 41.5 69.0 9.4 2.86 7 South Korea3 14.1 36.4 50.5 -13.4 2.10 8 Canada4 24.3 21.0 45.3 -1.6 1.88 9 Netherlands 15.7 21.5 37.2 1.0 1.55 10 Spain 17.1 19.4 36.4 5.1 1.51 1Includes accident and health insurance. 2Life premiums include an estimate of group annuity premiums. 3April 1, 2001 - March 31, 2002. 4Life business expressed in net premiums.

Source: Swiss Re, sigma, No. 6/2002.

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Chapter 2: World Rankings

The companies in the chart below are ranked by assets as determined by the Wall Street Journal Market Data Group and FactSet Research Systems Inc. The figures are based on each company's fiscal 2001 results (fiscal 2002 for Japanese companies).

TOP 50 GLOBAL PUBLIC FINANCIAL COMPANIES, 2001 (U.S. $ millions)1

Rank Fiscal 2001 % change Fiscal 2001 % change 2 2001 2000 Company (Country) assets from 20002 net income from 2000 1 1 Mizuho Holdings (Japan) $1,148,917 -7% -$7,411 NA 2 3 Citigroup (U.S.) 1,051,450 17 14,016 5% 3 5 Allianz (Germany) 839,015 2 1,444 NA 4 2 Sumitomo Mitsui Banking (Japan) 820,083 -9 -3,522 NA 5 4 Deutsche Bank (Germany) 813,619 -1 333 -97 6 9 Fannie Mae (U.S.) 799,791 18 5,929 38 7 7 Mitsubishi Tokyo Financial Group (Japan) 755,481 6 -1,157 NA 8 11 UBS (Switzerland) 752,332 15 2,993 -36 9 13 BNP Paribas (France) 733,423 19 3,575 -3 10 12 HSBC Holdings (U.K.) 694,238 6 5,463 -14 11 8 J.P. Morgan Chase (U.S.) 693,575 -3 1,628 -71 12 10 Bayerische Hypo Bank (Germany) 647,926 2 835 -35 13 16 ING Group (Netherlands) 627,415 8 4,054 -62 14 14 Bank of America (U.S.) 621,764 -3 6,787 -10 15 20 Freddie Mac (U.S.) 615,110 34 4,156 76 16 15 Credit Suisse (Switzerland) 607,568 2 955 -73 17 6 UFJ Holdings (Japan) 605,717 -17 -9,320 NA 18 18 Royal Bank of Scotland (U.K.) 536,527 15 2,718 1 19 17 ABN Amro (Netherlands) 530,701 10 2,874 29 20 19 Barclays (U.K.) 518,867 13 3,586 0 21 32 American International Group (U.S.) 3 492,982 16 5,363 -19 22 24 Morgan Stanley (U.S.) 482,628 15 3,578 -34 23 23 Societe Generale de France (France) 456,022 12 1,917 -20 24 27 HBOS (U.K.) 454,310 16 2,385 -6 25 22 Commerzbank (Germany) 446,067 9 91 -92 (table continues)

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WORLD RANKINGS

TOP 50 GLOBAL PUBLIC FINANCIAL COMPANIES, 2001 (Cont’d) (U.S. $ millions)1

Rank Fiscal 2001 % change Fiscal 2001 % change 2 2001 2000 Company (Country) assets from 20002 net income from 2000 26 -- Credit Agricole (France) $440,276 -7% $949 -61% 27 21 AXA (France) 431,651 2 463 -85 28 25 Fortis Group (Belgium/Netherlands) 427,670 10 2,018 -4 29 26 Merrill Lynch (U.S.) 419,419 3 535 -86 30 30 Lloyds TSB Group (U.K.) 344,098 9 3,637 -8 31 37/73 Resona Holdings (Japan) 4 341,325 -11 -7,076 NA 32 29 Wachovia (U.S.) 330,452 1 1,613 91 33 28 Grupo Santander Central Hispano (Spain) 318,671 3 2,212 10 34 33 Abbey National (U.K.) 312,601 5 1,768 -8 35 41 Dexia (Belgium) 312,542 36 1,269 42 36 34 Goldman Sachs (U.S.) 312,218 8 2,310 -25 37 38 Wells Fargo (U.S.) 307,569 13 3,409 -15 38 -- Prudential Financial (U.S.) 293,030 7 -170 NA 39 31 IntesaBci (Italy) 278,564 -5 826 -45 40 35 Aviva (U.K.) 273,855 -3 23 NA 41 36 Banco Bilbao Vizcaya Argentaria (Spain) 271,195 4 2,103 6 42 39 Bank One (U.S.) 268,954 0 2,628 NA 43 40 MetLife (U.S.) 256,898 1 473 -50 44 45 Lehman Brothers (U.S.) 247,816 10 1,161 -31 45 50 Washington Mutual (U.S.) 242,506 25 2,725 43 46 44 Aegon (Netherlands) 234,961 8 2,130 16 47 43 Zurich Financial Services (Switzerland) 231,605 0 -387 NA 48 48 Almanij (Belgium) 230,727 19 614 -50 49 42 Prudential (U.K.) 226,106 1 566 -41 50 49 Royal Bank of Canada (Canada) 224,794 24 1,428 6 1At December 31, 2001 exchange rates. 2Percentage changes based on home currencies. 3Figures reflect the August 2001 acquisition of American General Corporation. 4Figures reflect the March 2002 merger of Daiwa Bank and Asahi Bank.

NA=Not applicable.

Source: Reprinted by permission of the Wall Street Journal, Copyright © 2002, Dow Jones & Company, Inc. All Rights Reserved Worldwide. License number 712561076721.

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WORLD RANKINGS

TOP TEN GLOBAL PROPERTY/CASUALTY INSURANCE COMPANIES, 20011 ($ millions)

Rank Company Revenues2 Country 1 Allianz $85,929 Germany 2 American International Group 62,402 United States 3 State Farm Insurance 46,705 United States 4 Munich Re Group 41,894 Germany 5 Zurich Financial Services 38,650 Switzerland 6 Berkshire Hathaway 37,668 United States 7 Allstate 28,865 United States 8 Royal & Sun Alliance 21,525 United Kingdom 9 Swiss Reinsurance 20,210 Switzerland 10 Loews (CNA Financial Corp.) 18,799 United States 1Ranked by revenues. Based on an analysis of companies in the Global Fortune 500. Includes stock and mutual companies. 2Revenue includes premium and annuity income, investment income and capital gains or losses but excludes deposits; includes consol- idated subsidiaries, excludes excise taxes.

Source: Fortune.

TOP TEN GLOBAL LIFE/HEALTH INSURANCE COMPANIES, 2001 1 ($ millions)

Rank Company Revenues2 Country 1 ING Group $82,999 Netherlands 2 AXA 65,580 France 3 Nippon Life Insurance 63,827 Japan 4 Aviva 52,318 United Kingdom 5 Assicurazioni Generali 51,394 Italy 6 Dai-ichi Mutual Life Insurance 43,145 Japan 7 Prudential 35,821 United Kingdom 8 Asahi Mutual Life Insurance 33,143 Japan 9 Sumitomo Life Insurance 32,549 Japan 10 MetLife 31,928 United States 1Ranked by revenues. Based on an analysis of companies in the Global Fortune 500. Includes stock and mutual companies. 2Revenue includes premium and annuity income, investment income and capital gains or losses but excludes deposits; includes consol- idated subsidiaries, excludes excise taxes.

Source: Fortune.

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WORLD RANKINGS

TOP TEN GLOBAL REINSURERS, 20011 ($ millions)

Rank Company Gross premiums written2 Country 1 Munich Re - Segment Reinsurance $19,666 Germany 2 Swiss Re Group 3 18,569 Switzerland 3 Berkshire Hathaway Group 11,984 United States 4 GE Global Insurance Holdings 10,366 United States 5 Hannover Re 10,195 Germany 6 Lloyd’s of London 8,275 United Kingdom 7 Gerling Global Reinsurance Group 5,183 Germany 8 Scor Group 4,333 France 9 Axa Corporate Solutions Group 3,696 France 10 Converium Group 2,881 Switzerland 1Ranked by gross premiums written. 2Direct premiums plus assumed premiums; data includes pro forma consolidations. 3Includes full year estimate of Lincoln Re acquisition in 2001.

Source: A.M. Best Company, Inc.

TOP TEN GLOBAL BROKERS, 20011 ($ millions)

Rank Company Brokerage revenues2 Country 1 Marsh & McLennan Cos. Inc. $7,312 United States 2 Aon Corp. 5,597 United States 3 Willis Group Holdings Ltd. 1,423 United Kingdom 4 Arthur J. Gallagher & Co. 873 United States 5 Jardine Lloyd Thompson Group P.L.C. 528 United Kingdom 6 Acordia Inc. 4813 United States 7 HLF Group P.L.C. 4254 United Kingdom 8 Alexander Forbes Ltd. 4094 South Africa 9 Brown & Brown Inc. 360 United States 10 Hilb, Rogal & Hamilton Co. 328 United States 1Ranked by brokerage revenues. 2Gross revenues generated by insurance brokerage, consulting and related services. 3Does not include Wells Fargo & Co. subsidiary Wells Fargo Insurance Inc. 4Fiscal year ending 3/31.

Source: Business Insurance.

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WORLD RANKINGS

THE 20 MOST COSTLY WORLD INSURANCE LOSSES IN 20021 ($ millions)

Insured loss in Rank Date Location Event U.S. dollars 1 Aug. 6 Europe Severe flooding $2,500 2 Apr. 27 United States Spring storm with several tornadoes 1,675 3 Oct. 26 Europe Storm Jeanett 845 4 Jul. 31 Europe Rainfall triggers serious flooding 700 5 Sep. 21 Caribbean, United States Hurricane Lili 650 6 Sep. 14 Caribbean, Mexico, United States et al. Tropical Storm Isidore 474 7 Nov. 9 United States Tornadoes, storms, rain and hail 460 8 Sep. 8 France Heavy rainfall results in flooding 398 9 Dec. 4 United States Winterstorm 360 10 Jan. 30 United States Winterstorms 300 11 Feb. 26 Germany, United Kingdom Winterstorm Anna 300 12 Nov. 26 Kazakhstan, space Failed launch of Astra 1K satellite 290 13 Dec. 14 United States Tornadoes and hail 270 14 Mar. 8 United States Storm, tornadoes and hail 210 15 Sep. 20 United States Tornadoes; windspeeds up to 200 km/h 175 16 Apr. 24 United States Strong winds, hail and tornadoes 165 17 Jun. 10 United States Hail, strong winds and tornadoes 160 18 Feb. 19 Mexico Explosion in a steelworks NA 19 Oct. 1 Japan Fire on board luxury cruise ship Diamond Princess NA 20 Nov. 11 Sri Lanka Fire on Hanjin Pennsylvania container ship NA 1Property and business interruption losses, excluding life and liability losses.

NA=Data not available.

Note: Loss data shown here may differ from figures shown elsewhere for the same event due to differences in the date of publication, the geographical area covered and other criteria used by organizations collecting the data.

Source: Swiss Re, sigma, No. 2/2003. Insured losses for natural catastrophes in the United States from Insurance Services Office, Inc. (ISO).

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WORLD RANKINGS

TOP TEN GLOBAL INSURANCE DEALS ANNOUNCED, 2002 ($ millions)

Rank Buyer Target Announced Region Price 1 Manulife Financial Corp. Canada Life Financial Corp.1 Dec. 11 Canada $4,100 2 Anthem Inc. Trigon Healthcare Inc. April 29 United States 4,000 3 DnB Holding ASA Storebrand ASA2 May 28 W. Europe 1,940 4 Societa Assicuratrice IndustriaIe SpA La Fondiaria SpA May 30 W. Europe 1,687 5 Prudential Financial Inc. American Skandia Inc. Dec. 20 United States 1,265 6 Grupo Financiero Banamex Seguros Banamex Aegon 3 Jan. 18 Mexico 1,240 7 HCA Inc. Health Midwest Oct. 16 United States 1,125 8 Insurance Australia Group Ltd. CGU and NZl lnsurance Oct. 17 Asia Pacific 1,020 9 MetLife Inc. Aseguradora Hidgalgo SA May 24 Mexico 965 10 Tryg i Danmark Tryg4 June 19 W. Europe 830 1Hostile bid. 2Terminated transaction. 348 percent stake. 4Deal value includes 760 million euros in cash and 90 million euros in contingency payment.

Source: Thomson Financial Insurance Solutions.

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Country Profiles IFB. FINAL5.29.03 5/29/03 2:41 PM Page 14

POPULATION: Algeria 32,277,942 (est. July 2002)

GDP: $177 billion (est. 2001)

LEADING NONLIFE ASSOCIATION: Le Conseil National des Assurances INSURANCE COMPANIES, 2000 Cooperative Ennadjah II Villa Nº 30, Bois des Cars I Written premiums* Dely-Ibrahim, Algeria Company ALD Mn USD Mn Tel: (213) 021-37-2160 Fax: (213) 021-37-2160 SAA 6,177.0 82.1 CAAR 4,052.0 53.8 ASSOCIATION: General Arab Insurance Federation CAAT 3,813.0 50.7 8, Kaser El Nil Street CNMA 2,330.0 31.0 PO Box 611 TRUST 801.0 10.6 Cairo, 1151, Egypt1 CASH 494.0 6.6 Tel: (20) 2-574-3177 http://www.gaif.org/ CIAR 375.0 5.0 Fax: (20) 2-576-2310 2A 340.0 4.5

MAATEC 16.4 0.2 CURRENCY: Algerian dinar (ALD) SGCI 12.7 0.2 *Gross written premiums. EXCHANGE RATES: Algerian dinars per U.S. dollar — 77.889 (January 2002), 77.215 (2001), 75.260 (2000), 66.574 (1999), LEADING LIFE INSURANCE COMPANIES, 2000 58.739 (1998), 57.707 (1997)

Gross written premiums REGULATORY BODY: Direction des Assurances Company ALD Mn USD Mn Direction Generale du Tresor SAA 642.0 8.5 Ministere des Finances CAAT 237.0 3.1 3 Boulevard Zirout Youcef Algers, Algeria CAAR 177.0 2.4 Tel: (213) 021-73-36-94 TRUST 21.0 0.3 Fax: (213) 021-73-56-16 CIAR 6.0 0.1 2A 5.0 0.1 DIRECT PREMIUMS WRITTEN, 2001

Total premiums: $285 (U.S. $ millions) Nonlife premiums: 272 Life premiums: 13

Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).

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POPULATION: 37,812,817 (est. July 2002) Argentina

GDP: $453 billion (est. 2001)

ASSOCIATION: Argentinean Insurance Cos. LEADING NONLIFE Association INSURANCE COMPANIES, 2001 Calle 25 de Mayo 565 2 Pisco Written premiums* Buenos Aires, Argentina Company ARP Mn USD Mn Tel: (54) 11-4312-7790 Caja Seguros 373.8 373.8 Fax: (54) 11-4312-6300 HSBC - Buenos http://www.aacsra.org.ar/ Aires 261.3 261.3 Provincia 233.1 233.1 CURRENCY: Argentine peso (ARP) Federacion Patronal 229.2 229.2 EXCHANGE RATES: Argentine pesos per U.S. dollar — Lua Portena 210.9 210.9 1.33325 (January 2002), Mapfre Aconagua 155.3 155.3 1.000 (1997-2001); note - fixed rate pegged to the U.S. dollar was Zurich Argentina 140.1 140.1 abandoned in January 2002; Meridional 129.1 129.1 peso now floats AGF Allianz 117.9 117.9 Mercantil Andina 113.6 113.6 REGULATORY BODY: Superintendencia de Seguros de la *Gross written premiums. Nacion Ave. Julio A. Roca 721, Piso 1 LEADING LIFE (C1067ABC) Buenos Aires, Argentina INSURANCE COMPANIES, 2001 Tel: (54) 11-4331-9821 Fax: (54) 11-4343-6653 Gross written premiums Company ARP Mn USD Mn DIRECT PREMIUMS WRITTEN, 2001 Caja Seguros Vida 273.5 273.5 Eagle Star 145.2 145.2 Total premiums: $6,986 (U.S. $ millions) HSBC - Nonlife premiums: 4,418 Buenos Aires 139.1 139.1 Life premiums: 2,569 Siembra Vida 120.8 120.8 Consolidar Vida 78.7 78.7 Internacional Vida 68.9 68.9 ALICO 66.0 66.0 Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data). Nacion Vida 56.6 56.6 ING 56.0 56.0 Metropolitan Life 51.3 51.3

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POPULATION: Australia 19,546,792 (est. July 2002)

GDP: $465.9 billion (est. 2001)

LEADING NONLIFE ASSOCIATION: Insurance Council of Australia INSURANCE COMPANIES, 2000 Level 3 Written premiums* 56 Pitt Street Syndey NSW 2000, Australia Company AUD Mn USD Mn Tel: (61) 2-9253-5100 NRMA Insurance (NRMA Grp) 2,111.0 1,327.7 Fax: (61) 2-9253-5111 Royal & SunAlliance http://www.ica.com.au/ (RSA Grp) 1,264.5 795.3 Insurance Manufacturers CURRENCY: Australian dollar (AUD) (NRMA Grp) 1,194.8 751.4 CGU Insurance EXCHANGE RATES: Australian dollars per U.S. dollar — (CGU Grp) 1,093.5 687.8 1.9354 (January 2002), 1.9320 (2001), QBE Insurance (Australia) (QBE Grp) 878.0 552.2 1.7173 (2000), 1.5497 (1999), GIO General 1.5888 (1998), 1.3439 (1997) (Suncorp Grp) 848.7 533.8 Allianz Australia 814.5 512.3 REGULATORY BODY: Australian Prudential Regulation Suncorp General Authority (APRA) (Suncorp Grp) 787.8 495.5 Australian Level 26, 400 George Street Associated Motor Sydney, NSW 2000, Australia Insurers (RSA Grp) 641.0 403.1 Tel: (61) 2-9210-3000 FAI General (HIH Grp) 556.9 350.2 Fax: (61) 2-9210-3411 *Earned premium income from domestic business, including inwards reinsurance. Excludes public sector DIRECT PREMIUMS WRITTEN, 2001 insurers. Total premiums: $32,705 (U.S. $ millions) LEADING LIFE INSURANCE COMPANIES, 2001 Nonlife premiums: 12,311 Life premiums: 20,394 Gross written premiums Company AUD Mn USD Mn AMP 9,900.4 5,129.7

MLC 5,339.3 2,766.5 Sources: Swiss Re (premium data); Axco (leading cos.); Commonwealth U.S. Central Intelligence Agency (economic/demographic data). Life 2,882.6 1,493.6 Colonial Mutual 2,825.8 1,464.1 ING 2,661.6 1,379.1 Westpac Life 2,401.3 1,244.2 AXA 2,326.8 1,205.6 Macquarie Life 1,846.9 956.9 ANZ Life 1,490.9 772.5 Zurich 1,229.6 637.1

16 I.I.I. International Insurance Fact Book 2003 IFB. FINAL5.29.03 5/29/03 2:41 PM Page 17

POPULATION: 8,169,929 (est. July 2002) Austria

GDP: $220 billion (est. 2001)

ASSOCIATION: Austrian Association of Insurance LEADING NONLIFE Companies INSURANCE COMPANIES, 2001 Schwarzenbergplatz 7 Written premiums* A-1030 Wien, Austria Company ATS Mn USD Mn Tel: (43) 1-711-56-0 Weiner Fax: (43) 1-711-56-270 Stadtische 11,873.8 762.1 http://www.vvo.at/vvoat/vvoat.nsf Allianz Elementar 11,348.0 728.4 Generali 10,361.1 665.0 CURRENCY: euro (EUR); Austrian schilling (ATS) Uniga Personen 9,197.7 590.4 EXCHANGE RATES: euros per U.S. dollar — Uniqa Sach 7,263.6 466.2 1.1324 (January 2002), 1.1175 (2001), Interunfall 6,826.3 438.1 1.0854 (2000), 0.9386 (1999); Donau 4,564.6 293.0 Austrian schillings per U.S. dollar Grawe 3,035.2 194.8 11.86 (January 1999), 12.91 (1999), Merkur 2,644.0 169.7 12.379 (1998), 12.204 (1997) AXA Vers A.G. 2,424.9 155.6 *Premium income earned. REGULATORY BODY: Federal Ministry of Finance Insurance Supervisory Authority Himmelpfortgasse 4-8, Postf. 2 LEADING LIFE 1015 Vienna, Austria INSURANCE COMPANIES, 2001 Tel: (43) 1-512-4678-11 Gross written premiums Fax: (43) 1-512-1785 Company ATS Mn USD Mn DIRECT PREMIUMS WRITTEN, 2001 Sparkassen- Versicherung 10,284.5 660.1 Raiffeisen 9,466.3 607.6 Total premiums: $11,049 (U.S. $ millions) Nonlife premiums: 5,872 Wiener Stadtische 8,062.4 517.5 Life premiums: 5,177 Generali Versicherung 6,201.2 398.0 Wustenrot 6,096.9 391.3 Uniqa Person- enversicherung 5,062.0 324.9 Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data). Allianz-Elementar Leben 4,733.1 303.8 Union 3,674.2 235.8 Interunfall 2,623.3 168.4 Donau 2,478.9 159.1

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POPULATION: Bahamas 300,529 (est. July 2002)

GDP: $5 billion (est. 2001)

LEADING NONLIFE ASSOCIATION: Bahamian General Insurance INSURANCE COMPANIES, 2000 Association Written premiums* Suite 202 Crown Life Building Company BSD Mn USD Mn Rosetta Street, Nassau, Bahamas Bahamas First 42.2 42.2 Tel: (242) 323-2596 RSAI (B) 39.3 39.3 Fax: (242) 328-4354 ICB 32.0 32.0 Summit 24.0 24.0 CURRENCY: Bahamian dollar (BSD) S&G 10.1 10.1 *Gross written premiums. EXCHANGE RATES: Bahamian dollars per U.S. dollar — 1.000 (fixed rate pegged to the dollar)

REGULATORY BODY: The Bahamas Financial Services Board PO Box N-4849 LEADING LIFE Nassau, Bahamas INSURANCE COMPANIES Tel: (242) 326-7001 Data not available. Fax: (242) 326-7007

DIRECT PREMIUMS WRITTEN, 2001

Total premiums: $312 (U.S. $ millions) Nonlife premiums: 132 Life premiums: 180

Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).

18 I.I.I. International Insurance Fact Book 2003 IFB. FINAL5.29.03 5/29/03 2:42 PM Page 19

POPULATION: 656,397 (est. July 2002) Bahrain

GDP: $8.4 billion (est. 2001)

ASSOCIATION: Bahrain Insurance Association LEADING NONLIFE PO Box 2851 INSURANCE COMPANIES, 2001 Manama, Bahrain Written premiums* Tel: (973) 728-003 Company BHD Mn USD Mn Fax: (973) 729-802 http://www.bia-bh.com/ Bahrain National 9.7 25.6 Gulf Union 7.7 20.2 ASSOCIATION: General Arab Insurance Federation Bahrain Kuwait 6.6 17.4 8, Kaser El Nil Street Bahrain Norwich 6.5 17.1 PO Box 611 Al Ahlia 3.7 9.8 Cairo, 11511, Egypt United 2.3 6.0 Tel: (20) 2-574-3177 Fax: (20) 2-576-2310 Takaful 1.9 5.0 http://www.gaif.org/ New India 1.5 3.9 Iran 1.3 3.5 CURRENCY: Bahraini dinar (BHD) RSA 1.2 3.2 *Gross written premiums. EXCHANGE RATES: Bahraini dinars per U.S. dollar — 0.3760 (fixed rate pegged to the LEADING LIFE U.S. dollar) INSURANCE COMPANIES, 2001

REGULATORY BODY: Ministry of Commerce Gross written premiums PO Box 5479 Company BHD Mn USD Mn Manama, Bahrain Eagle Star Life 6.8 17.9 Tel: (973) 523-010 American Life 5.2 13.8 Fax: (973) 530-276 Bahrain National Life 0.9 2.4 DIRECT PREMIUMS WRITTEN, 2001 Arabia 0.1 0.2

Total premiums: $156 (U.S. $ millions) Nonlife premiums: 121 Life premiums: 34

Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).

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POPULATION: Bangladesh 133,376,684 (est. July 2002)

GDP: $230 billion (est. 2001)

LEADING NONLIFE ASSOCIATION: Bangladesh Insurance Association INSURANCE COMPANIES, 2000 Rupali Bima Bhaban Written premiums* 7 Rajuk Avenue Dhaka 1000, Bangladesh Company BDT Mn USD Mn Tel: (880) 2-955-7330 Sadharan Bima Corporation 617.4 11.8 Fax: (880) 2-955-7330 Pragati 301.4 5.8 CURRENCY: taka (BDT) Green Delta 301.3 5.8

Reliance 255.0 4.9 EXCHANGE RATES: taka per U.S. dollar — Rupali 200.2 3.8 57.756 (January 2002), 55.807 (2001), Phoenix 196.2 3.8 52.142 (2000), 49.085 (1999), Peoples 195.1 3.7 46.906 (1998), 43.892 (1997) Bangladesh General 184.1 3.5 REGULATORY BODY: Chief Controller of Insurance Prime 180.3 3.5 Department of Insurance Federal 171.1 3.3 Ministry of Commerce *Gross written premiums. Sadharan Bima Bhaban - 2 139 Mothijheel Commercial Area Dhaka 1000, Bangladesh Tel: (880) 2-956-5548 Fax: (880) 2-956 5056

LEADING LIFE DIRECT PREMIUMS WRITTEN, 2001 INSURANCE COMPANIES

Data not available. Total premiums: $210 (U.S. $ millions) Nonlife premiums: 81 Life premiums: 129

Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).

20 I.I.I. International Insurance Fact Book 2003 IFB. FINAL5.29.03 5/29/03 2:42 PM Page 21

POPULATION: 276,607 (est. July 2002) Barbados

GDP: $4 billion (est. 2001)

ASSOCIATION: Insurance Association of Barbados LEADING NONLIFE c/o N Adams INSURANCE COMPANIES, 1999 Letchworth Complex Written premiums* The Garrison Company BBD Mn USD Mn St. Michaels Plaza St. Michaels Row ICB 51.2 25.6 Bridgetown, Barbados United 45.2 22.6 Tel: (246) 426-4882 Barbados Fire 25.2 12.6 Fax: (246) 429-5804 Clico 18.1 9.0 CGI 15.6 7.8 CURRENCY: Barbadian dollar (BBD) Carribean Home 15.0 7.5 NEMWIL 13.6 6.8 EXCHANGE RATES: Barbadian dollars per U.S. dollar — 2.0000 (fixed rate pegged to Co-Op General 11.0 5.5 the U.S. dollar) Trident 10.0 5.0 Harmony 9.8 4.9 REGULATORY BODY: Supervisor of Insurance *Gross written premiums. 1st Floor Nicholas House Broad Street LEADING LIFE Bridgetown, Barbados INSURANCE COMPANIES, 1999 Tel: (246) 426-3815 Fax: (246) 436-2699 Gross written premiums Company BBD Mn USD Mn DIRECT PREMIUMS WRITTEN, 2001 Barbados Mutual 153.5 76.8 Life of Barbados 81.7 40.8 Total premiums: $199 (U.S. $ millions) Nonlife premiums: 141 Life premiums: 58

Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).

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POPULATION: Belgium 10,274,595 (est. July 2002)

GDP: $267.7 billion (est. 2001)

LEADING NONLIFE ASSOCIATION: Professional Union of Insurance INSURANCE COMPANIES, 2001 Companies Written premiums* Maison de l’Assurance / Huis der Verzekering Company EUR Mn USD Mn Square de Meeûs, 29 AXA Royale Belge 1,043.5 933.7 B-1000 Bruxelles, Belgium Fortis AG 605.2 541.5 Tel: (32) 2-547-5611 KBC Assurances 474.4 424.5 Fax: (32) 2-547-5600 SMAP 468.8 419.4 http://www.upea.be/ AGF Belgium 358.9 321.1 CURRENCY: euro (EUR); Belgian franc (BEF) Mercator 286.7 256.5 Winterthur-Europe 268.5 240.3 EXCHANGE RATES: euros per U.S. dollar — La Patriotique 191.7 171.5 1.1324 (January 2002),1.1175 (2001), Les Assurances 1.0854 (2000), 0.9386 (1999); Populaires 191.2 171.1 Belgian francs per U.S. dollar — FB Assurances 151.8 135.8 34.77 (January 1999), 36.229 (1998), *Total written premiums and taxes, including 35.774 (1997) healthcare.

REGULATORY BODY: Office de Controle des Assurances LEADING LIFE 61 Avenue de Cortenbergh INSURANCE COMPANIES, 2001 B-1000 Brussels, Belgium Tel: (32) 2-737-0700 Gross written premiums Fax: (32) 2-733-5129 Company EUR Mn USD Mn

FB Assurances 2,125.3 1,901.7 DIRECT PREMIUMS WRITTEN, 2001 Fortis AG 1,558.7 1,394.7 AXA Royale Belge 1,525.3 1,364.8 Total premiums: $20,524 (U.S. $ millions) KBC Assurances 1,429.3 1,278.9 Nonlife premiums: 8,501 Life premiums: 12,023 SMAP 1,169.7 1,046.6 BBL Life 931.5 833.5 Dexia Assurances 909.8 814.1 Les Assurances Populaires 528.3 472.7 Sources: Swiss Re (premium data); Axco (leading cos.); AGF Belgium 407.0 364.2 U.S. Central Intelligence Agency (economic/demographic data). La Patriotique 332.5 297.5

22 I.I.I. International Insurance Fact Book 2003 IFB. FINAL5.29.03 5/29/03 2:42 PM Page 23

POPULATION: 63,960 (est. July 2002) Bermuda

GDP: $2.2 billion (est. 2001)

ASSOCIATION: Bermuda Insurance Institute LEADING NONLIFE 48 Cedar Avenue INSURANCE COMPANIES, 2001 PO Box HM 2911 Written premiums* Hamilton HM FX, Bermuda Company USD Mn http://www.bermuda-insurance.org ACE 5,917.2

CURRENCY: Bermudian dollar (BMD) XL Capital 2,779.9 Partner Re 1,633.5 EXCHANGE RATES: Bermudian dollar per U.S. dollar — Inter-Ocean Re 628.6 1.0000 (fixed rate pegged to Overseas Partners 609.4 the U.S. dollar) Commercial Risk Re 536.3 Centre Solutions 523.5 REGULATORY BODY: Office of the Registrar of Companies Government Adminstration Building Max Re 500.9 30 Parliament Street Associated Hamilton HM 12, Bermuda Electric & Gas 360.6 Tel: (441) 297-7574 Annuity & Life Re 341.3 Fax: (441) 292-6640 *Earned premiums of the top companies participating in Deloitte & Touche’s Bermuda Market Surveys for 2001. DIRECT PREMIUMS WRITTEN, 2001

Total premiums: $49,019 * (U.S. $ millions)

*Includes life and nonlife.

LEADING LIFE INSURANCE COMPANIES

Data not available. .

Sources: Bermuda Insurance Institute (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).

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POPULATION: Brazil 176,029,560 (est. July 2002)

GDP: $1.34 trillion (est. 2001)

LEADING NONLIFE ASSOCIATION: Insurers’ Association INSURANCE COMPANIES, 2001 Rua Senador Dantas 74 - 12 andar Written premiums* Rio de Janeiro CEP 20031-201, Brazil Company NPR Mn USD Mn Tel: (55) 21-2510-7777 Sul America Aetna 2,661.0 1,127.5 Fax: (55) 21-220-0046 http://www.fenaseg.org.br/ Porto Seguros 1,595.6 676.1 Bradesco SA 1,567.2 664.1 CURRENCY: real (NPR) Bradesco Seguros 1,521.7 644.8 Sul America 1,378.3 584.0 EXCHANGE RATES: reals per U.S. dollar — Itau 1,126.3 477.2 2.378 (January 2002), 2.358 (2001), Unibanco 975.7 413.4 1.830 (2000), 1.815 (1999), 1.161 (1998), 1.078 (1997) AGF Brasil 796.7 337.6 Real Previdencia 687.3 291.2 REGULATORY BODY: Superintendencia de Seguros Maritima 596.9 252.9 Privados *Gross written premiums, including healthcare. Rua Buenos Aires, 256-4 andar Cep: 20.061-000 Rio de Janeiro-RJ LEADING LIFE Brazil INSURANCE COMPANIES, 2001 Tel: (55) 21-2507-7471 Fax: (55) 21-2224-7830 Gross written premiums

Company NPR Mn USD Mn DIRECT PREMIUMS WRITTEN, 2001 Alianca Do Brasil 503.7 213.4 Bradesco Total premiums: $10,775 (U.S. $ millions) Previdencia 362.3 153.5 Nonlife premiums: 8,953 COSESP 307.8 130.4 Life premiums: 1,822 Bradesco Seguros 293.7 124.5 Unibanco 247.3 104.8 Itau 226.5 96.0 Icatu Hartford 178.2 75.5 Sources: Swiss Re (premium data); Axco (leading cos.); HSBC Seguros 173.5 73.5 U.S. Central Intelligence Agency (economic/demographic data). Sul America 165.0 69.9 Vera Cruz Vida 147.2 62.4

24 I.I.I. International Insurance Fact Book 2003 IFB. FINAL5.29.03 5/29/03 2:42 PM Page 25

POPULATION: 7,621,337 (est. July 2002) Bulgaria

GDP: $48 billion (est. 2001)

ASSOCIATION: Association of Bulgarian Insurers LEADING NONLIFE 7 Sveta Sofia Street INSURANCE COMPANIES, 2000 Sofia, Bulgaria Written premiums* Tel: (359) 2-981-1728 Company BGN Mn USD Mn Fax: (359) 2-980-7533 http://www.abz.bg/ DZI General 68.4 32.2 Bulstrad 67.0 31.6 CURRENCY: lev (BGN) Allianz Bulgaria 59.0 27.8 Bul Ins 50.6 23.9 EXCHANGE RATES: leva per U.S. dollar — Orel 21.2 10.0 2.2147 (January 2002), Energia 18.0 8.5 2.1847 (2001), 2.1233 (2000), 1.8364 (1999), 1,760.36 (1998), Vitosha 16.7 7.9 1,681.88 (1997) Jupiter 8.7 4.1 Bulgarski Imoti 6.9 3.3 REGULATORY BODY: Insurance and Gambling Supervision Armeetz 6.2 2.9 Agency *Gross written premiums. 6, Tzar Osvoboditel Blvd., 5th Floor 1000 Sofia, Bulgaria LEADING LIFE Tel: (359) 2-981-7934 INSURANCE COMPANIES, 2000 Fax: (359) 2-981-7858 Gross written premiums DIRECT PREMIUMS WRITTEN, 2001 Company BGN Mn USD Mn DZI - EAD 20.7 9.8 Total premiums: $220 (U.S. $ millions) Orel Life 14.4 6.8 Nonlife premiums: 180 Allianz Bulgaria Life 2.9 1.4 Life premiums: 40 Vitosha Life 2.1 1.0 Bulstrad DSK Life 1.3 0.6 Bulgarski Imoti 1.2 0.6

Sources: Swiss Re (premium data); Axco (leading cos.); AIG Life Bulgaria 0.5 0.2 U.S. Central Intelligence Agency (economic/demographic data). Grawe Bulgaria 0.2 0.1 Medic Centre 0.5 0.2 Dobrudja - M - Life 0.2 0.1

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POPULATION: Canada 31,902,268 (est. July 2002)

GDP: $875 billion (est. 2001)

LEADING NONLIFE ASSOCIATION: Insurance Bureau of Canada INSURANCE COMPANIES, 2001 151 Yonge Street, Suite 1800 Written premiums* Toronto, Ontario M5C 2W7, Canada Tel: (1) 416-362-2031 Company CAD Mn USD Mn Fax: (1) 416-361-5952 CGU Group Canada 1,957.1 1,262.7 http://www.ibc.ca/ ING Canada 1,890.2 1,219.5 ASSOCIATION: Canadian Life & Health Insurance Co-operators Group 1,379.0 889.7 Association Royal & 1 Queen Street East SunAlliance 1,342.8 866.3 Suite 1700 Economical Ins Toronto, Ontario M5C 2X9, Canada Group 1,101.6 710.7 Tel: (1) 416-777-2221 Lloyds Fax: (1) 416-777-1895 Underwriters 918.2 592.4 http://www.clhia.ca/ Groupe Desjardins 915.3 590.5

AXA Canada 903.6 583.0 CURRENCY: Canadian dollar (CAD) State Farm 885.3 571.1 Zurich Canada 841.3 542.7 EXCHANGE RATES: Canadian dollars per U.S. dollar — *Net written premiums. 1.6003 (January 2002), 1.5488 (2001), 1.4851 (2000), 1.4857 (1999), 1.4835 (1998), 1.3846 (1997) LEADING LIFE INSURANCE COMPANIES, 2001 REGULATORY BODY: Office of the Superintendent of Gross written premiums Financial Institutions Company CAD Mn USD Mn 255 Albert Street, 13th floor Clarica Life 2,048.7 1,321.8 Ottawa, Ontario K1A 0H2, Canada Manufacturers Tel: (1) 613-990-7788 Life 1,744.3 1,125.4 Fax: (1) 613-952-8219 London Life 1,392.6 898.4 Sun Life 1,343.3 866.7 DIRECT PREMIUMS WRITTEN, 2001 Canada Life 1,241.4 800.9 Total premiums: $45,312 (U.S. $ millions) Great West Life 1,013.7 654.0 Nonlife premiums: 24,342 Desjardins Life premiums: 20,970 Financial 770.2 496.9 Maritime Life 703.7 454.0 Industrial Alliance 689.4 444.8 Transamerica Life 484.3 312.5 Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).

26 I.I.I. International Insurance Fact Book 2003 IFB. FINAL5.29.03 5/29/03 2:42 PM Page 27

POPULATION: 15,498,930 (est. July 2002) Chile

GDP: $153 billion (est. 2001)

ASSOCIATION: Chilean Insurance Association LEADING NONLIFE La Concepción 322 INSURANCE COMPANIES, 2001 Oficina 501 Written premiums* 322 Providencia, Santiago, Chile Company CLP Bn USD Mn Tel: (56) 2-236-2596 Fax: (56) 2-235-1502 Cruz del Sur 75.0 118.0 http://www.aach.cl/ Chilena 49.5 77.9 Royal & SunAlliance 44.9 70.7 CURRENCY: Chilean peso (CLP) Las Americas 43.1 67.9 AGF Allianz 42.9 67.5 EXCHANGE RATES: Chilean pesos per U.S. dollar — Mapfre 34.2 53.9 651.90 (January 2002), 618.70 (2001), 535.47 (2000), 508.78 (1999), ING 33.9 53.5 460.29 (1998), 419.30 (1997) Interamericana 33.7 53.0 Magallanes 27.8 43.7 REGULATORY BODY: Superintendencia de Valores y AXA 19.6 30.9 Seguros *Gross written premiums. Teatinos 120, Piso 6 Santiago, Chile LEADING LIFE Tel: (56) 2-549-5900 INSURANCE COMPANIES, 2001 Fax: (56) 2-549-5965 Gross written premiums DIRECT PREMIUMS WRITTEN, 2001 Company CLP Bn USD Mn Consorcio 180.9 284.9 Total premiums: $2,718 (U.S. $ millions) ING 180.9 284.9 Nonlife premiums: 837 Construccion 98.4 155.0 Life premiums: 1,881 Chilena 88.4 139.2 Principal 79.6 125.3 Santander 77.3 121.8

Sources: Swiss Re (premium data); Axco (leading cos.); Corp Vida 69.4 109.3 U.S. Central Intelligence Agency (economic/demographic data). Bice Vida 57.4 90.4 ISE Americas 49.7 78.2 Interrenta 44.9 70.6

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POPULATION: China, 1,284,303,705 (est. July 2002) (People’s Republic of) GDP: $5.56 trillion (est. 2001)

LEADING NONLIFE ASSOCIATION: Insurance Association of China INSURANCE COMPANIES, 2001 Xicheng District Written premiums* Beijing, China Company RMB Mn USD Mn Tel: (86) 010-606-9334 Fax: (86) 010-6605-4641 PICC 50,735.2 6,127.4

China Pacific 8,513.0 1,028.1 CURRENCY: yuan (RMB) Ping An 6,421.8 775.6 Huatai 634.8 76.7 EXCHANGE RATES: yuan per U.S. dollar — Dazhong 398.0 48.1 8.2767 (January 2002), 8.2771 (2001), 8.2785 (2000), 8.2783 (1999), Tianan 397.2 48.0 8.2790 (1998), 8.2898 (1997) China United 389.0 47.0

Sinosafe 346.0 41.8 REGULATORY BODY: China Insurance Regulatory Ming An (Shenzhen) 162.5 19.6 Commission Yongan 162.2 19.6 401 Fu Cheng Men Nei Street *Direct nonlife premiums. West City Beijing 10034, China Tel: (86) 10-6602-1549 LEADING LIFE INSURANCE COMPANIES, 2001 Fax: (86) 10-6601-1869

Gross written premiums DIRECT PREMIUMS WRITTEN, 2001 Company RMB Mn USD Mn China Life 81,313.6 9,820.5 Total premiums: $25,485 (U.S. $ millions) Nonlife premiums: 9,928 Ping An 39,699.0 4,794.6 Life premiums: 15,556 China Pacific Life 14,343.0 1,732.2 New China Life 2,298.3 277.6 Taikang Life 1,615.8 195.1 AIA (Shanghai) 1,406.0 169.8 Sources: Swiss Re (premium data); Axco (leading cos.); AIA (Guanghou) 598.0 72.2 U.S. Central Intelligence Agency (economic/demographic data). Manulife-Sinochem 275.0 33.2 ING Pacific 210.0 25.4 Prudential-Citic 121.0 14.6

28 I.I.I. International Insurance Fact Book 2003 IFB. FINAL5.29.03 5/29/03 2:42 PM Page 29

POPULATION: 41,008,227 (est. July 2002) Colombia

GDP: $255 billion (est. 2001)

ASSOCIATION: Colombian Insurers Association LEADING NONLIFE Carrera 7 No 26-20, Piso 11 INSURANCE COMPANIES, 2000 Santafe de Bogota, Colombia Written premiums* Tel: (57) 1-287-6611 Company COP Bn USD Mn Fax: (57) 1-287-5764 http://www.fasecolda.com/ Colseguros 310.2 148.6 Suramericana 252.5 120.9 CURRENCY: Colombian peso (COP) La Previsora 233.5 111.8 Estado 153.8 73.7 EXCHANGE RATES: Colombian pesos per U.S. dollar — Liberty 149.8 71.7 2,275.89 (January 2002), Agricola 126.3 60.5 2,299.63 (2001), 2,087.90 (2000), 1,756.23 (1999), 1,426.04 (1998), Colpatria 121.1 58.0 1,140.96 (1997) Bolivar 113.8 54.5 Central 112.1 53.7 REGULATORY BODY: Superintendencia Bancaria de Royal & SunAlliance 102.4 49.0 Colombia *Gross written premiums. Delegatura para Seguros y Capitalizacion LEADING LIFE Calle 7N No 4-49, Zona B,Oficina 217 INSURANCE COMPANIES, 2000 Bogota D.C., Colombia Tel: (57) 1-350-6026 Gross written premiums Fax: (57) 1-350-7999 Company COP Bn USD Mn Suramericana 387.9 185.8 DIRECT PREMIUMS WRITTEN, 2001 Bolivar 189.6 90.8 Colseguros 186.2 89.2 Total premiums: $1,962 (U.S. $ millions) Nonlife premiums: 1,465 Alfa 123.4 59.1 Life premiums: 497 Colpatria 87.9 42.1 BBV Seguros Ganadero 79.0 37.8 Suratep 73.6 35.2 Colmena ARP 62.9 30.1 Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data). La Equidad 49.4 23.7 Royal & SunAlliance 48.7 23.3

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POPULATION: Costa Rica 3,834,934 (est. July 2002)

GDP: $31.9 billion (est. 2001)

LEADING NONLIFE ASSOCIATION: Instituto Nacional de Seguros INSURANCE COMPANIES, 2001 Calle 9 y 11 Written premiums* Avenida 7a San Jose, Costa Rica Company CRC Mn USD Mn Tel: (506) 223-5800 The Instituto Nacional de Fax: (506) 221-2809 Seguros (INS) 101,239.6 307.8 http://www.ins.go.cr/ *Gross written premiums, including personal accident. CURRENCY: Costa Rican colon (CRC) Note: INS is the only authorized insurer in Costa Rica. EXCHANGE RATES: Costa Rican colones per U.S. dollar — 343.08 (January 2002), 328.87 (2001), 308.19 (2000), 285.68 (1999), 257.23 (1998), 232.60 (1997)

LEADING LIFE REGULATORY BODY: Superintendencia General de INSURANCE COMPANIES Entidades Financieras Calle 2, ent. Ave. 4 y 6; Apartado Data not available. 2762-1000 San Jose, Costa Rica Tel: (506) 243-4848 Fax: (506) 243-4849

DIRECT PREMIUMS WRITTEN, 2001

Total premiums: $330 (U.S. $ millions) Nonlife premiums: 304 Life premiums: 26

Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).

30 I.I.I. International Insurance Fact Book 2003 IFB. FINAL5.29.03 5/29/03 2:42 PM Page 31

POPULATION: 4,390,751 (est. July 2002) Croatia

GDP: $36.1 billion (est. 2001)

ASSOCIATION: Croatian Insurance Bureau LEADING NONLIFE Marticeva 73/1 INSURANCE COMPANIES, 2001 10000 Zagreb, Croatia Written premiums* Tel: (385) 01-46-16-755 Company HRK Mn USD Mn Fax: (385) 01-46-16-757 http://www.huo.hr/ Croatia Osiguranje 2,378.6 285.2 Euroherc 458.2 54.9 CURRENCY: kuna (HRK) Jadransko 286.8 34.4 Allianz Zagreb 270.0 32.4 EXCHANGE RATES: kuna per U.S. dollar — Triglav 167.6 20.1 8.452 (January 2002), 8.340 (2001), Zagreb 147.1 17.6 8.277 (2000), 7.112 (1999), 6.362 (1998), 6.101 (1997) Grawe 87.1 10.4 Aurum 79.0 9.5 REGULATORY BODY: Insurance Supervisory Authority Helios 71.9 8.6 Miramarska 28 Sunce 67.5 8.1 Zagreb 10000, Croatia *Gross written premiums. Tel: (385) 01-611-9530 Fax: (385) 01-611-9533 LEADING LIFE INSURANCE COMPANIES, 2001 DIRECT PREMIUMS WRITTEN, 2001 Gross written premiums Total premiums: $611 (U.S. $ millions) Company HRK Mn USD Mn Nonlife premiums: 500 Grawe 172.4 20.7 Life premiums: 111 Croatia Osiguranje 154.6 18.5 Zagreb 139.6 16.7 Merkur 133.2 16.0 Sunce 74.9 9.0 Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data). Allianz Zagreb 63.4 7.6 Helios 48.3 5.8 Euroherc Life 28.6 3.4 Kvarner Weiner Stadtische 26.6 3.2 Aurum 24.5 2.9

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POPULATION: Cyprus 767,314 (est. July 2002)

GDP: $9.1 billion (est. 2001)

LEADING NONLIFE ASSOCIATION: Insurance Association of Cyprus INSURANCE COMPANIES, 2001 23, Zenon Sozos Street, 1st floor Written premiums* PO Box 22030 1516 Nicosia, Cyprus Company CYP Mn USD Mn Tel: (357) 2-276-3913 Laiki 18.7 29.2 Fax: (357) 2-237-4288 General Insurance http://www.iac.org.cy/ of Cyprus 13.8 21.5 Minerva 7.2 11.2 CURRENCY: Cypriot pound (CYP) Pancyprian 6.6 10.3 Lloyds Underwriters 6.3 9.8 EXCHANGE RATES: Cypriot pounds per U.S. dollar — American Home 5.8 9.0 0.6518 (January 2002), 0.6427 (2001), Atlantic 5.2 8.1 0.6208 (2000), 0.5423 (1999), 0.5170 (1998), 0.5135 (1997); Comercial Union 4.3 6.7 Turkish liras per U.S. dollar — Royal Crown 4.0 6.2 1,370,629 (January 2002), Universal Life 3.3 5.2 1,223,140 (2001), 625,219 (2000), *Provisional total written premiums net of local 418,783 (1999), 260,724 (1998), reinsurance, including healthcare. 151,865 (1997)

LEADING LIFE REGULATORY BODY: Ministry of Finance INSURANCE COMPANIES, 2001 Insurance Companies Control Service PO Box 23364 Gross written premiums 1682 Nicosia, Cyprus Company CYP Mn USD Mn Tel: (357) 2-303-256 Laiki Cyprialife 38.5 60.2 Fax: (357) 2-302-938 Eurolife 37.0 57.9 Universal Life 33.9 53.0 DIRECT PREMIUMS WRITTEN, 2001 American Life 14.0 21.9 Total premiums: $407 (U.S. $ millions) Interlife 4.9 7.7 Nonlife premiums: 182 Liberty Life 4.6 7.2 Life premiums: 225 Alpha 2.8 4.3 Minerva 2.5 3.8 Ethniki 2.1 3.3 Allianz Life 2.1 3.2 Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).

32 I.I.I. International Insurance Fact Book 2003 IFB. FINAL5.29.03 5/29/03 2:42 PM Page 33

POPULATION: 10,256,760 (est. July 2002) Czech Republic

GDP: $147.9 billion (est. 2001)

ASSOCIATION: Czech Insurance Association LEADING NONLIFE Na Porici 12 INSURANCE COMPANIES, 2001 11530 Prague 1, Czech Republic Written premiums* Tel: (420) 2-2487-5611 Company CZK Mn USD Mn Fax: (420) 2-2487-5612 http://www.cap.cz/ Ceska Pojistovna 19,019.5 500.0 Kooperativa Pojistovna 11,483.7 301.9 CURRENCY: Czech koruna (CZK) Allianz Pojistovna 6,079.3 159.8

EXCHANGE RATES: koruny per U.S. dollar — Pojistovna CS 2,618.4 68.8 36.325 (January 2002), 38.035 (2001), IPB Pojistovna 2,350.6 61.8 38.598 (2000), 34.569 (1999), Komercni 32.281 (1998), 31.698 (1997) Pojistovna 1,536.9 40.4 Generali Pojistovna 1,491.5 39.2 REGULATORY BODY: Office of the State Supervision for EGAP 1,282.5 33.7 Insurance and Pension Funds Letenska 15 UNIQA Pojistovna 1,176.5 30.9 11810 Prague 1, Czech Republic Ceska Podnikatelska Tel: (420) 2-5704-2132 Pojistovna 1,002.8 26.4 Fax: (420) 2-5704-3049 *Gross written premiums.

DIRECT PREMIUMS WRITTEN, 2001 LEADING LIFE INSURANCE COMPANIES, 2001 Total premiums: $2,123 (U.S. $ millions) Nonlife premiums: 1,379 Gross written premiums Life premiums: 744 Company CZK Mn USD Mn Ceska Pojistovna 12,009.4 315.7 ING Nationale Nederlanden 4,227.1 111.1 Sources: Swiss Re (premium data); Axco (leading cos.); IPB Pojistovna 3,163.0 83.1 U.S. Central Intelligence Agency (economic/demographic data). Kooperativa Pojistovna 2,085.9 54.8 Allianz Pojistovna 1,198.1 31.5 Pojistovna CS 1,041.5 27.4 Komercni Pojistovna 1,029.8 27.1 Amcico 994.8 26.2 Winterthur 780.3 20.5 Generali Pojistovna 609.1 16.0

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POPULATION: Denmark 5,368,854 (est. July 2002)

GDP: $149.8 billion (est. 2001)

LEADING NONLIFE ASSOCIATION: Council of Danish Insurance and INSURANCE COMPANIES, 1999 Pensions Written premiums* Amaliegade 10 1256 København K, Denmark Company DKK Mn USD Mn Tel: (45) 33-43-55-00 Tryg-Baltica 6,055.0 868.0 Fax: (45) 33-43-55- 01 Topdanmark 5,417.0 776.5 http://www.forsikringenshus.dk/ Codan 3,676.0 526.9 Alm. Brand 2,556.0 366.4 CURRENCY: Danish krone (DKK) Sygeforsikringen Danmark 2,138.0 306.5 EXCHANGE RATES: Danish kroner per U.S. dollar — Alka 1,028.0 147.4 8.418 (January 2002), 8.323 (2001), Laererstanden 808.0 115.8 8.083 (2000), 6.976 (1999), 6.701 (1998), 6.604 (1997); Kommunernes 686.0 98.3 note - the Danes rejected the euro in Ostifterne 682.0 97.8 a 28 September 2000 referendum GF-Forsikring 651.0 93.3 *Gross written premiums. REGULATORY BODY: Danish Financial Supervisory Authority LEADING LIFE Gl. Kongevej 74A INSURANCE COMPANIES, 1999 1850 Frederiksberg C, Denmark Tel: (45) 33-55-8282 Gross written premiums Fax: (45) 33-55-8200 Company DKK Mn USD Mn PFA Pension 9,501.0 1,362.0 DIRECT PREMIUMS WRITTEN, 2001 Danica 6,707.0 961.4 Tryg-Baltica Liv 4,063.0 582.4 Total premiums: $11,197 (U.S. $ millions) Kommunernes Nonlife premiums: 3,902 Pensionforsikring 3,550.0 508.9 Life premiums: 7,295 Codan Liv 2,554.0 366.1 Industriens Pension 2,072.0 297.0 Topdanmark Liv 1,979.0 283.7 Pen-Sam Liv 1,955.0 280.2 Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data). Bygge og Anlaeg 1,293.0 185.3 Sygeplejersker 1,120.0 160.6

34 I.I.I. International Insurance Fact Book 2003 IFB. FINAL5.29.03 5/29/03 2:42 PM Page 35

POPULATION: 8,721,594 (est. July 2002) Dominican Republic GDP: $50 billion (est. 2001)

ASSOCIATION: Dominican Association of Insurers LEADING NONLIFE and Reinsurers INSURANCE COMPANIES, 2000 PO Box 601 Written premiums* Avenida Winston Churchill Company DOP Mn USD Mn Santo Domingo, Dominican Republic Compania Tel: (809) 566-0014 Nacional de Seguros 1,491.6 90.9 Fax: (809) 566-2600 La Universal de http://www.cadoar.org.do/ Seguros 1,178.0 71.8 Intercontinental de Seguros 761.2 46.4 CURRENCY: Dominican peso (DOP) Seguros America 447.5 27.3 EXCHANGE RATES: Dominican pesos per U.S. dollar — La Colonial de Seguros 331.6 20.2 17.310 (January 2002), 16.952 (2001), Magna, Compania 16.415 (2000), 16.033 (1999), de Seguros 269.1 16.4 15.267 (1998), 14.265 (1997) Seguros La Antilla 200.9 12.2 Cia de Seguros Palic 128.7 7.8 REGULATORY BODY: Superintendencia de Seguros Avenida Mexico No. 54; Apartado Seguros Pepin 116.1 7.1 Postal Transglobal de Seguros 112.1 6.8 Santo Domingo, Dominican Republic *Gross written premiums, including personal Tel: (809) 686-1316 accident. Fax: (809) 685-5096 LEADING LIFE DIRECT PREMIUMS WRITTEN, 2001 INSURANCE COMPANIES, 2000 Gross written premiums Total premiums: $486 (U.S. $ millions) Company DOP Mn USD Mn Nonlife premiums: 442 Life premiums: 44 Cia de Seguros Palic 142.0 8.7 La Universal de Seguros 119.7 7.3 Caribbean American Life & General 110.1 6.7 Sources: Swiss Re (premium data); Axco (leading cos.); Compania Nacional de Seguros 109.5 6.7 U.S. Central Intelligence Agency (economic/demographic data). Seguros San Rafael 77.1 4.7 Intercontinental de Seguros 58.2 3.5 La Colonial 56.1 3.4 La Americana 32.9 2.0 Seguros La Antilla 18.0 1.1 Transglobal de Seguros 13.8 0.8

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POPULATION: Ecuador 13,447,494 (est. July 2002)

GDP: $39.6 billion (est. 2001)

LEADING NONLIFE ASSOCIATION: Insurance Companies’ Association INSURANCE COMPANIES, 2001 of Ecuador Written premiums* Edificio Sevilla Juan Leon Mera 565 Company USD Mn Quito, Ecuador Colonial 32.0 Tel: (593) 2-256-9554 Ace Seguros 24.9 Fax: (593) 2-255-0270 Interoceanica 19.8 Equinoccial 19.7 CURRENCY: US dollar (USD) Rocafuerte 17.3 EXCHANGE RATES: sucres per U.S. dollar — AIG Metropolitana 13.9 25,000.0 (January 2002), Bolivar 12.1 25,000.0 (2001), 24,988.4 (2000), Integral 12.1 11,786.8 (1999), 5,446.6 (1998), Panamerica 11.4 3,988.3 (1997) La Union 11.3 *Gross written premiums. REGULATORY BODY: Superintendencia de Bancos Av. 12 de Octubre N24-185 y Madrid Piso 6 LEADING LIFE Quito, Ecuador INSURANCE COMPANIES, 2001 Tel: (593) 2-541-326 Gross written premiums Fax: (593) 2-506-812 Company USD Mn Pan American Life 6.3 DIRECT PREMIUMS WRITTEN, 2001 Equivida 4.3 Total premiums: $313 (U.S. $ millions) Bolivar 2.9 Nonlife premiums: 287 Seguros del Life premiums: 26 Pichincha 2.8 Panamericana 1.6 Memorias 1.3 Rocafuerte 1.2 Sources: Swiss Re (premium data); Axco (leading cos.); Colvida 0.9 U.S. Central Intelligence Agency (economic/demographic data). Filanseguros 0.8 Interoceanica 0.8

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POPULATION: 70,712,345 (est. July 2002) Egypt

GDP: $258 billion (est. 2001)

ASSOCIATION: Insurance Federation of Egypt LEADING NONLIFE 10 Iran Street INSURANCE COMPANIES, 2001 Dokki, Giza, Egypt Written premiums* Tel: (20) 202-338-8471 Company EGP Mn USD Mn Fax: (20) 202-338-8474 Misr 538.2 119.9

ASSOCIATION: General Arab Insurance Federation Al Chark 314.3 70.0 8, Kaser El Nil Street National 191.1 42.6 PO Box 611 Suez Canal 132.2 29.4 Cairo, 11511, Egypt Pharaonic 83.3 18.5 Tel: (20) 2-574-3177 Mohandes 72.3 16.1 Fax: (20) 2-576-2310 http://www.gaif.org/ Delta 61.7 13.7 AMIG 28.9 6.4 CURRENCY: Egyptian pound (EGP) Cooperative 5.6 1.2 Egyptian Export EXCHANGE RATES: Egyptian pounds per U.S. dollar — Credit 0.8 0.2 market rate - 4.5000 (January 2002), *Gross written premiums. 4.4900 (2001), 3.6900 (2000), 3.4050 (1999), 3.3880 (1998), LEADING LIFE 3.3880 (1997) INSURANCE COMPANIES, 2001

Gross written premiums REGULATORY BODY: Egyptian Insurance Supervisory Authority Company EGP Mn USD Mn 28 Talaat Harb Street; PO Box 2545 Al Chark 244.1 54.4 Cairo, Egypt Misr 210.5 46.9 Tel: (20) 2-575-8682 National 72.6 16.2 Fax: (20) 2-575-8645 Alico 46.3 10.3 Mohandes 38.0 8.5 DIRECT PREMIUMS WRITTEN, 2001 Delta 33.3 7.4 Total premiums: $562 (U.S. $ millions) Suez Canal 12.3 2.7 Nonlife premiums: 388 CIL 7.7 1.7 Life premiums: 174

Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).

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POPULATION: El Salvador 6,353,681 (est. July 2002)

GDP: $28.4 billion (est. 2001)

LEADING NONLIFE ASSOCIATION: Asociacion Salvadoreña de Empresas INSURANCE COMPANIES, 2001 de Seguros (ASES) Written premiums* Condominio Plaza Suiza Local L-A17 Company SAC Mn USD Mn Aseguradora Colonia San Benito, AP 2236 Suiza Salvadorena 378.9 43.3 San Salvador, El Salvador SISA, Vida S.A. 343.4 39.2 Tel: (503) 298-0209 Seguros e Fax: (503) 298-0212 Inversiones 286.4 32.7 http://www.ases.com.sv/ La Centro Americana 233.6 26.7 Compania CURRENCY: Salvadoran colon (SAC); General de Seguros 207.0 23.7 US dollar (USD) Aseguradora Agricola, S.A. 205.1 23.4 Internacional EXCHANGE RATES: Salvadoran colones per U.S. dollar — de Seguros 119.9 13.7 8.750 (fixed since January 2001), La Principal S.A. 115.4 13.2 8.755 (fixed rate since 1993) AIG, Union y Desarollo 112.6 12.9 REGULATORY BODY: Superintendencia del Sistema Pan American Life 67.5 7.7 Financiero *Life and nonlife business. Separate figures Colonia Flor Blanca not available. 4a. Calle Poniente No 2223 San Salvador, El Salvador LEADING LIFE Tel: (503) 260-7199 INSURANCE COMPANIES, 1999 Fax: (503) 260-7511 Gross written premiums DIRECT PREMIUMS WRITTEN, 2001 Company SAC Mn USD Mn Seguros e Inversiones 351.6 40.2 Total premiums: $249 (U.S. $ millions) Aseguradora Nonlife premiums: 190 Suiza Salvadorena 247.4 28.3 Life premiums: 59 La Centro Americana 180.7 20.6 AIG Union y Desarrollo 144.2 16.5 Compania General de Seguros 135.6 15.5 Sources: Swiss Re (premium data); Axco (leading cos.); Aseguradora Agricola Comercial 114.8 13.1 U.S. Central Intelligence Agency (economic/demographic data). Seguros Universales 100.8 11.5 Internacional de Seguros 80.5 9.2 Pan American Life 70.0 8.0 Aseguradora Popular 33.2 3.8

38 I.I.I. International Insurance Fact Book 2003 IFB. FINAL5.29.03 5/29/03 2:42 PM Page 39

POPULATION: 5,183,545 (est. July 2002) Finland

GDP: $133.5 billion (est. 2001)

ASSOCIATION: Federation of Finnish Insurance LEADING NONLIFE Companies INSURANCE COMPANIES, 2000 Bulevardi 28 Written premiums* PO Box 214 Company FIM Mn USD Mn Helsinki, FIN-00120, Finland Tel: (358) 9-680-401 Vahinko-Pohjola 2,952.4 457.0 Fax: (358) 9-680-40216 Vahinko-Tapiola 2,027.6 313.9 http://www2.vakes.fi/svk/english/ Sampo 1,987.1 307.6 Teollisuusvakuutus 1,408.9 218.1 CURRENCY: markka (FIM); euro (EUR) Yritys-Sampo 1,372.9 212.5 Yrittajain Fennia 1,304.6 201.9 EXCHANGE RATES: euros per U.S. dollar — Mutual Insurance 1.1324 (January 2002), 1.1175 (2001), Associations 682.6 105.7 1.0854 (2000), 0.9386 (1999); A-Vakuutus 433.4 67.1 markkaa per U.S. dollar — 5.3441 (1998), 5.1914 (1997) Lahivakuutus 417.0 64.6 Pohjantahti 275.2 42.6 REGULATORY BODY: Insurance Supervisory Authority *Gross written premiums. PO Box 449 Mikonkatu 8 LEADING LIFE FIN-00101 Helsinki, Finland INSURANCE COMPANIES, 2000 Tel: (358) 9-4155-9510 Fax: (358) 9-4155-9660 Gross written premiums Company FIM Mn USD Mn DIRECT PREMIUMS WRITTEN, 2001 Merita 11,333.8 1,754.5 Henki-Sampo 3,412.2 528.2 Total premiums: $10,879 (U.S. $ millions) Aurum 2,291.3 354.7 Nonlife premiums: 2,368 Henki-Pohoja 1,990.3 308.1 Life premiums: 8,511 Suomi 1,713.3 265.2 Leonia 1,100.0 170.3 Henki-Tapiola 1,008.5 156.1

Sources: Swiss Re (premium data); Axco (leading cos.); Kaleva 779.3 120.6 U.S. Central Intelligence Agency (economic/demographic data). Henki-Fennia 478.5 74.1 Henki-Verdandi 398.5 61.7

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POPULATION: France 59,765,983 (est. July 2002)

GDP: $1.51 trillion (est. 2001)

LEADING NONLIFE ASSOCIATION: Federation of French Insurance INSURANCE COMPANIES, 2001 Companies Written premiums* 26 Boulevard Haussman 75009 Paris, France Company FRF Bn USD Bn Tel: (33) 1-42-47-9000 AXA 36.4 5.0 Fax: (33) 1-42-47-9311 Groupama GAN 34.3 4.7 http://www.ffsa.com/ AGF Allianz 32.7 4.5 MACIF 15.2 2.1 CURRENCY: euro (EUR); French franc (FRF) Azur GMF 13.3 1.8 EXCHANGE RATES: euros per U.S. dollar — Mutual du Mans 13.1 1.8 1.1324 (January 2002), 1.1175 (2001), Generali 11.4 1.6 1.0854 (2000), 0.9386 (1999); MAIF 11.4 1.6 French francs per U.S. dollar — MAAF 10.7 1.5 5.65 (January 1999), 5.8995 (1998), CGNU 9.3 1.3 5.8367 (1997) *Gross written premiums. REGULATORY BODY: Commission de Controle des Assurances LEADING LIFE 54 rue de Chateaudun INSURANCE COMPANIES, 2001 75436 Paris Cedex 09, France Gross written premiums Tel: (33) 1-44-83-1183 Company FRF Bn USD Bn Fax: (33) 1-47-70-0375 CNP 102.1 13.9 DIRECT PREMIUMS WRITTEN, 2001 Credit Agricole 60.8 8.3 AXA France 58.1 7.9 Total premiums: $113,596 (U.S. $ millions) BNP Paribas 40.3 5.5 Nonlife premiums: 38,449 Credit Mutuel - CIC 32.9 4.5 Life premiums: 75,146 Generali 30.2 4.1 AGF 29.9 4.1 Sogecap 28.2 3.9 Union des Ass. Sources: Swiss Re (premium data); Axco (leading cos.); Federales 23.1 3.2 U.S. Central Intelligence Agency (economic/demographic data). CGNU 22.3 3.0

40 I.I.I. International Insurance Fact Book 2003 IFB. FINAL5.29.03 5/29/03 2:42 PM Page 41

POPULATION: 83,251,851 (est. July 2002) Germany

GDP: $2.174 trillion (est. 2001)

ASSOCIATION: German Insurance Association LEADING NONLIFE Friedrichstrasse 191 INSURANCE COMPANIES, 2000 10117 Berlin, Germany Written premiums* Tel: (49) 030-2020-5117 Company DEM Mn USD Mn Fax: (49) 030-2020-6604 http://www.gdv.de/ Allianz Vers. 13,170.0 6,212.3 AXA Vers. 5,571.0 2,627.8 CURRENCY: euro (EUR); deutsche mark (DEM) Gerling-K. Allgemeine 4,748.0 2,239.6 R+V Allgemeine EXCHANGE RATES: euros per U.S. dollar — Vers. 3,580.0 1,688.7 1.1324 (January 2002), 1.1175 (2001), HDI Haftpflichtv 2,797.0 1,319.3 1.0854 (2000), 0.9386 (1999); deutsche marks per U.S. dollar — HUK-Coburg 2,704.0 1,275.5 1.69 (January 1999), 1.7597 (1998), Wurtt. Vers. 2,599.0 1,225.9 1.7341 (1997) Zurich Agrip. Vers. AG. 2,574.0 1,214.2 Gothaer Vers. REGULATORY BODY: Bundesaufsichtsamt fur das Bank 2,565.0 1,209.9 Versicherungswesen Victoria Vers. 2,484.0 1,171.7 Graurheindorfer Strasse 108 *Total gross earned premiums, including personal 53117 Bonn, Germany accident and inwards reinsurance. Tel: (49) 228-422-7301 Fax: (49) 228-422-7399 LEADING LIFE INSURANCE COMPANIES, 2000 DIRECT PREMIUMS WRITTEN, 2001 Gross written premiums Total premiums: $123,682 (U.S. $ millions) Company DEM Mn USD Mn Nonlife premiums: 68,051 Allianz Leben 16,530.0 9,392.0 Life premiums: 55,631 Hamb. Mannheimer LV 5,547.0 3,151.7 R+V Lebenvers. AG 5,020.0 2,852.3 Aachener/Mchn. Sources: Swiss Re (premium data); Axco (leading cos.); Leben 4,988.0 2,834.1 U.S. Central Intelligence Agency (economic/demographic data). DT. Herold Leben 4,722.0 2,683.0 Volksfursorge DT. Leben 4,356.0 2,475.0 Victoria Leben 4,104.0 2,331.8 AXA Leben 3,861.0 2,193.8 Debeka Leben 3,379.0 1,919.9 Bayern-Vers. 3,113.0 1,768.8

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POPULATION: Greece 10,645,343 (est. July 2002)

GDP: $189.7 billion (est. 2001)

LEADING NONLIFE ASSOCIATION: Greek Association of Insurance INSURANCE COMPANIES, 2000 Companies Written premiums* Xenophontos 10 10557 Athens, Greece Company GRD Bn USD Mn Tel: (30) 1-333-4100 Ethniki 87.5 239.5 Fax: (30) 1-333-4149 Phoenix 40.2 110.0 http://www.add.gr/comp/eaee/ Agrotiki General 26.8 73.3 Interamerican CURRENCY: euro (EUR); drachma (GRD) Property 24.0 65.7 Allianz General 21.9 60.0 EXCHANGE RATES: euros per U.S. dollar — Alpha Ins. 20.4 55.8 1.1324 (January 2002), 1.1175 (2001); Nordstern drachmae per U.S. dollar — Colonia Hellas 13.9 37.9 380.21 (December 2000), Aspis Pronia 365.40 (2000), 305.65 (1999), Non-Life 11.2 30.6 295.53 (1998), 273.06 (1997) Generali Hellas 9.6 26.2 International Union 9.4 25.6 REGULATORY BODY: Ministry of Development *Nonlife direct business. Insurance Department Kanigos Square LEADING LIFE 10181 Athens, Greece INSURANCE COMPANIES, 2000 Tel: (30) 1-382-7734 Fax: (30) 1-382-7734 Gross written premiums Company GRD Bn USD Mn DIRECT PREMIUMS WRITTEN, 2001 Interamerican Life 102.0 279.1 Ethniki 72.1 197.3 Total premiums: $2,364 (U.S. $ millions) Nationale - Nonlife premiums: 1,209 Nederlanden Life 65.7 179.9 Life premiums: 1,156 Aspis Pronia General 39.1 107.1 ALICO AIG 36.4 99.5 Allianz Life 25.0 68.3 Agrotiki Life 18.9 51.7 Sources: Swiss Re (premium data); Axco (leading cos.); Metrolife - U.S. Central Intelligence Agency (economic/demographic data). Emporiki Life 18.5 50.6 Alpha Ins. 13.9 38.1 Commercial Union Life 11.1 30.3

42 I.I.I. International Insurance Fact Book 2003 IFB. FINAL5.29.03 5/29/03 2:42 PM Page 43

POPULATION: 13,314,079 (est. July 2002) Guatemala

GDP: $48.3 billion (est. 2001)

ASSOCIATION: Guatemalan Insurance Association LEADING NONLIFE Edificio Torre Professional I, Oficina INSURANCE COMPANIES, 2001 703 Written premiums* 6a Avenida 0-60 Company GTQ Mn USD Mn Zona 4, Guatemala City, 01004, Guatemala GYT 337.7 43.0 Tel: (502) 335-2140 Roble 249.9 31.8 Fax: (502) 335-2357 General 217.2 27.6 http://www.agis.centroamerica.com/ Occidente 160.3 20.4 Universales 104.9 13.3 CURRENCY: quetzal (GTQ), US dollar (USD), Seguridad 99.2 12.6 others allowed Casa 92.1 11.7

EXCHANGE RATES: quetzales per U.S. dollar — Panamerica 69.4 8.8 8.0165 (January 2002), 7.8586 (2001), Cigna 52.1 6.6 7.7632 (2000), 7.3856 (1999), De La Nacion 51.7 6.6 6.3947 (1998), 6.0653 (1997) *Gross written premiums.

REGULATORY BODY: Superintendencia de Bancos de Guatemala 9a. Av. 22-00, Zona 1 Guatemala City, Guatemala 01001 LEADING LIFE Tel: (502) 232-5302 INSURANCE COMPANIES Fax: (502) 232-5301 Data not available. DIRECT PREMIUMS WRITTEN, 2001

Total premiums: $212 (U.S. $ millions) Nonlife premiums: 170 Life premiums: 41

Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).

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POPULATION: Honduras 6,560,608 (est. July 2002)

GDP: $17 billion (est. 2001)

LEADING NONLIFE ASSOCIATION: Honduran Insurance Association INSURANCE COMPANIES, 2001 Edificio Los Jarros Written premiums* Local 313, 3 Piso Boulevard Morazan Company HOL Mn USD Mn Tegucigalpa, Honduras Ahorro 373.8 24.2 Tel: (504) 239-0342 Atlantida 346.0 22.4 Fax: (504) 239-6020 Interamericana 303.2 19.6 Aseguradora 140.0 9.0 CURRENCY: lempira (HOL) Continental 99.4 6.4 EXCHANGE RATES: lempiras per U.S. dollar — Crefisa 94.1 6.1 16.0256 (January 2002), American 66.5 4.3 15.9197 (2001), 15.1407 (2000), Capital 63.4 4.1 14.5039 (1999), 13.8076 (1998), Previsa 41.0 2.7 13.0942 (1997) Equidad 3.5 0.2 *Gross written premiums. REGULATORY BODY: Comision Nacional de Bancos y Seguros Edificio Anexo del Banco Central de LEADING LIFE Honduras INSURANCE COMPANIES, 2001 Apartado Postal 3165 Gross written premiums Comayaguela M.D.C., Honduras, C.A. Company HOL Mn USD Mn Tel: (504) 237-7979 Pan American 233.8 15.8 Fax: (504) 237-5933 Aseguradora 110.4 7.4 DIRECT PREMIUMS WRITTEN, 2001 Ahorro 75.6 5.1

Atlantida 61.4 4.1 Total premiums: $168 (U.S. $ millions) Capital 52.5 3.5 Nonlife premiums: 121 Crefisa 33.2 2.2 Life premiums: 47 Previsa 28.7 1.9 Interamericana 28.3 1.9 Continental 21.1 1.4 Sources: Swiss Re (premium data); Axco (leading cos.); Equidad 14.0 0.9 U.S. Central Intelligence Agency (economic/demographic data).

44 I.I.I. International Insurance Fact Book 2003 IFB. FINAL5.29.03 5/29/03 2:42 PM Page 45

POPULATION: 7,303,334 (est. July 2002) Hong Kong

GDP: $180 billion (est. 2001)

ASSOCIATION: Hong Kong Federation of Insurers LEADING NONLIFE 353 Lockhart Road INSURANCE COMPANIES, 2001 29/F Sunshine Plaza Written premiums* Wanchai, Hong Kong Company HKD Mn USD Mn Tel: (852) 2520-1868 Fax: (852) 2520-1967 Ming An 1,376.5 176.5 http://www.hkfi.org.hk/ Bank of China Group 1,109.3 142.2 American Home 985.6 126.4 CURRENCY: Hong Kong dollar (HKD) AXA General 777.9 99.7 EXCHANGE RATES: Hong Kong dollars per U.S. dollar — HSBC Insurance 698.1 89.5 7.798 (January 2002), 7.7994 (2001), QBE HKSI 627.6 80.5 7.7918 (2000), 7.7589 (1999), CGU 487.1 62.4 7.7462 (1998), 7.7425 (1997); Hang Seng note - the Hong Kong dollar is linked Insurance 434.3 55.7 to the U.S. dollar at a rate of Asia Insurance 430.3 55.2 about 7.8 Hong Kong dollars HSBC Medical 426.7 54.7 per U.S. dollar *Gross written premiums, including inwards reinsurance business. REGULATORY BODY: Office of the Commissioner of Insurance 21st. Floor, Queensway Government LEADING LIFE INSURANCE COMPANIES, 2001 Offices 66 Queensway, Hong Kong Gross written premiums Tel: (852) 2867-2546 Company HKD Mn USD Mn Fax: (852) 2501-0798 AIA (Bermuda) 10,335.6 1,325.1 AXA China DIRECT PREMIUMS WRITTEN, 2001 (Bermuda) 6,751.3 865.5 Manulife Total premiums: $10,392 (U.S. $ millions) (International) 5,980.0 766.7 Nonlife premiums: 1,987 HSBC Life 5,606.6 718.8 Life premiums: 8,404 Prudential (UK) 3,534.9 453.2 CMG Asia 2,140.5 274.4 CMI 2,122.6 272.1 Pacific Century 1,979.7 253.8 Sources: Swiss Re (premium data); Axco (leading cos.); Principal 1,631.7 209.2 U.S. Central Intelligence Agency (economic/demographic data). BOC Group Life 1,617.2 207.3

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POPULATION: Hungary 10,075,034 (est. July 2002)

GDP: $120.9 billion (est. 2001)

LEADING NONLIFE ASSOCIATION: Association of Hungarian Insurance INSURANCE COMPANIES, 2001 Budapest V. Deák F. u. 10. Written premiums* Budapest, Hungary Tel: (36) 1-318-3473 Company HUF MN USD Mn Fax: (36) 1-337-5394 Allianz Hungaria 106,738.0 372.6 http://www.mabisz.hu/english/ Generali- index.html Providencia 50,635.0 176.7 AB Aegon 21,785.0 76.0 CURRENCY: forint (HUF) OTP-Garancia 20,759.0 72.5 AXA-Colonia 16,365.0 57.1 EXCHANGE RATES: forints per U.S. dollar — Argosz 7,789.0 27.2 275.920 (January 2002), QBE-Atlasz 4,760.0 16.6 286.490 (2001), 282.179 (2000), 237.146 (1999), 214.402 (1998), AHICO 3,778.0 13.2 186.789 (1997) Winterthur 2,332.0 8.1

Zurich 1,834.0 6.4 REGULATORY BODY: Hungarian Financial Supervisory *Gross written premiums. Authority Krisztina krt. 39 LEADING LIFE Budapest, Hungary 1013-H INSURANCE COMPANIES, 2001 Mail: 114. Pf.: 777; 1535 Budapest Hungary Gross written premiums Tel: (36) 1-489-9100 Company HUF Mn USD Mn Fax: (36) 1-489-9102 ING N-N 52,644.0 183.8 AB Aegon 31,815.0 111.1 DIRECT PREMIUMS WRITTEN, 2001 OTP-Garancia 21,515.0 75.1 Generali- Total premiums: $1,450 (U.S. $ millions) Providencia 21,101.0 73.7 Nonlife premiums: 847 Allianz Hungaria 13,278.0 46.3 Life premiums: 603 MEBIT 6,505.0 22.7 AXA-Colonia 5,253.0 18.3 Signal 4,625.0 16.1 Sources: Swiss Re (premium data); Axco (leading cos.); Union 3,938.0 13.7 U.S. Central Intelligence Agency (economic/demographic data). AHICO 3,840.0 13.4

46 I.I.I. International Insurance Fact Book 2003 IFB. FINAL5.29.03 5/29/03 2:42 PM Page 47

POPULATION: 279,384 (est. July 2002) Iceland

GDP: $6.85 billion (est. 2000)

ASSOCIATION: Insurance Association of Iceland LEADING NONLIFE Sudurlandsbraut 6 INSURANCE COMPANIES, 2000 108 Reykjavik, Iceland Written premiums* Tel: (354) 568-1612 Company ISK Mn USD Mn Fax: (354) 568-9664 Sjova-Almennar 6,432.2 81.8

CURRENCY: Icelandic krona (ISK) VIS hf. 5,837.5 74.3 Tryggingamidstodin 4,614.9 58.7 EXCHANGE RATES: Icelandic kronur per U.S. dollar — Vidlagatr. Islands 747.1 9.5 102.430 (January 2002), 97.425 Vordur 220.1 2.8 (2001), 78.616 (2000), Samabyrgd 62.7 0.8 72.335 (1999), 70.958 (1998), 70.904 (1997) Althjoda 39.3 0.5 Ísfirdinga 37.5 0.5 REGULATORY BODY: The Financial Supervisory Authority Grotta 34.1 0.4 (FME) Sameinada 27.7 0.4 Sudurlandsbraut 32 *Gross written premiums for nonlife insurers and the IS-108 Reykjavik, Iceland nonlife premiums of life insurers. Tel: (354) 525-2700 Fax: (354) 525-2727 LEADING LIFE INSURANCE COMPANIES, 2000 DIRECT PREMIUMS WRITTEN, 2001 Gross written premiums Total premiums: $242 (U.S. $ millions) Company ISK Mn USD Mn Nonlife premiums: 223 Sameinada 654.6 8.3 Life premiums: 18 LIFIS 425.5 5.4 Althjoda 333.4 4.2

Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).

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POPULATION: India 1,045,845,226 (est. July 2002)

GDP: $2.5 trillion (est. 2001)

LEADING NONLIFE ASSOCIATION: Insurance Institute of India INSURANCE COMPANIES, 2001 Universal Insurance Building Written premiums* P Mehta Road Mumbai 400 001, India Company INR Mn USD Mn Tel: (91) 22-287-2923 New India 30,411.7 644.5

United India 24,410.9 517.3 CURRENCY: Indian rupee (INR) Oriental 21,996.7 466.1 National 21,178.8 448.8 EXCHANGE RATES: Indian rupees per U.S. dollar — GIC 2,800.8 59.4 48.336 (January 2002), 47.186 (2001), 44.942 (2000), 43.055 (1999), IFFCO-Tokio 58.3 1.2 41.259 (1998), 36.313 (1997) Reliance General 10.7 0.2

Royal Sundaram REGULATORY BODY: Ministry of Finance Alliance 2.4 0.0 *Gross written premiums. Insurance Regulatory Authority 13-B, Sagar; Apartment 6 Tilak Marg New Delhi 110001, India Tel: (91) 11-338-6609 Fax: (91) 11-338-6621 LEADING LIFE INSURANCE COMPANIES DIRECT PREMIUMS WRITTEN, 2001 Data not available. Total premiums: $11,877 (U.S. $ millions) Nonlife premiums: 2,459 Life premiums: 9,418

Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).

48 I.I.I. International Insurance Fact Book 2003 IFB. FINAL5.29.03 5/29/03 2:42 PM Page 49

POPULATION: 231,328,092 (est. July 2002) Indonesia

GDP: $687 billion (est. 2001)

ASSOCIATION: Insurance Council of Indonesia LEADING NONLIFE Jl. Majapahit 34 Blok V/29 INSURANCE COMPANIES, 2000 Jakarta 10160, Indonesia Written premiums* Tel: (62) 21-345-4387 Company IDR Bn USD Mn Fax: (62) 21-345-4307 Tugo Pratama http://www.dai.or.id/ Indonesia 721.6 85.7 Jasa Indonesia 506.3 60.1 CURRENCY: Indonesian rupiah (IDR) Central Asia 443.5 52.7

EXCHANGE RATES: Indonesian rupiahs per U.S. dollar — Sinar Mas 409.4 48.6 10,377.3 (January 2002), Astra Buana 393.4 46.7 10,260.9 (2001), 8,421.8 (2000), Allianz Utama 7,855.2 (1999), 10,013.6 (1998), Indonesia 305.9 36.3 2,909.4 (1997) AIU Indonesia 262.3 31.2 Mitsui Marine Indonesia 230.3 27.3 REGULATORY BODY: Ministry of Finance Tokio Marine Directorate General of Financial Indonesia 219.7 26.1 Institutions Wahana Tata 216.6 25.7 Directorate of Insurance *Gross written premiums. Gedung A/Lt. 8, Jl. Dr. Wahidin Jakarta, Indonesia 10710 Tel: (62) 21-350-9118 LEADING LIFE Fax: (62) 21-350-9117 INSURANCE COMPANIES, 2000 Gross written premiums DIRECT PREMIUMS WRITTEN, 2001 Company IDR Bn USD Mn Bumiputera 1912 1,326.1 157.5 Total premiums: $1,641 (U.S. $ millions) Nonlife premiums: 868 AIG Lippo Life 1,240.4 147.3 Life premiums: 773 Jiwasraya 809.7 96.1 Indolife Pensiontama 693.7 82.4 Jiwa Manulife Indonesia 448.4 53.2 Sewu New York Life 355.2 42.2 Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data). AIA Indonesia 273.8 32.5 Bringin Jiwa Sejahtera 206.3 24.5 Central Asia Raya 170.1 20.2 Prudential Bancbali Life 146.3 17.4

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POPULATION: Iran 66,622,704 (est. July 2002)

GDP: $426 billion (est. 2001)

LEADING NONLIFE CURRENCY: Iranian rial (IRR) INSURANCE COMPANIES, 1995/96

Written premiums* EXCHANGE RATES: from 1997 to 2001, Iran had a multi- exchange-rate system; one of these Company IRR Mn USD Mn rates, the official floating exchange Bimeh Iran 501,163.0 167.0 rate, by which most essential goods Bimeh Asia 205,694.0 68.6 were imported, averaged 1,750 rials Bimeh Alborz 99,456.0 33.2 per U.S. dollar; in March 2002, the Bimeh Dana 80,764.0 26.9 multi-exchange-rate system was con- *Direct market gross written premiums for both life verged into one rate at about 7,900 and nonlife business. rials per U.S. dollar

REGULATORY BODY: Central Insurance of Iran 72 Africa Avenue, PO Box 19395-5588 19157 Tehran, Iran LEADING LIFE INSURANCE COMPANIES Tel: (98) 21-205-0001-4 Fax: (98) 21-205-4099 Data not available. DIRECT PREMIUMS WRITTEN, 2001

Total premiums: $725 (U.S. $ millions) Nonlife premiums: 653 Life premiums: 72

Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).

50 I.I.I. International Insurance Fact Book 2003 IFB. FINAL5.29.03 5/29/03 2:42 PM Page 51

POPULATION: 3,883,159 (est. July 2002) Ireland

GDP: $104.7 billion (est. 2001)

ASSOCIATION: Irish Insurance Federation LEADING NONLIFE 39 Molesworth Street INSURANCE COMPANIES, 2001 Dublin 2, Ireland Written premiums* Tel: (353) 1-676-1820 Company IRP Mn USD Mn Fax: (353) 1-676-1943 http://www.iif.ie Hibernian 572.7 650.8 AXA 360.1 409.3 CURRENCY: euro (EUR); Irish pound (IRP) Royal & SunAlliance 267.4 303.9 Eagle Star Ireland 190.3 216.2 EXCHANGE RATES: euros per U.S. dollar — Allianz Ireland 179.6 204.1 1.1324 (January 2002), 1.1175 (2001), FBD 161.2 183.1 1.0854 (2000), 0.9386 (1999); Allianz Corporate Irish pounds per U.S. dollar — Ireland 149.2 169.6 0.7014 (1998), 0.6588 (1997) Quinn-Direct 123.9 140.8 St. Paul 74.0 84.1 REGULATORY BODY: Department of Enterprise, Trade & Employment AIG Europe 53.9 61.3 Insurance Section, Earlsfort Centre *Net written premiums less reinsurance. Earlsfort Terrace Dublin 2, Ireland LEADING LIFE Tel: (353) 1-631-2677 INSURANCE COMPANIES, 2001 Fax: (353) 1-631-2550 Gross written premiums

DIRECT PREMIUMS WRITTEN, 2001 Company IRP Mn USD Mn Irish Life 969.4 1,101.6 Total premiums: $15,302 (U.S. $ millions) Hibernian Life & Pensions 834.8 948.6 Nonlife premiums: 3,981 Life premiums: 11,321 Ark 620.3 704.9 Standard Life 527.5 599.5 Lifetime Assurance 503.4 572.0 Friends First Life Ass. 435.2 494.6 Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data). New Ireland 405.1 460.3 Canada Life Ass. (Ireland) 383.8 436.1 Eagle Star Life 308.2 350.2 Royal Liver 152.6 173.4

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POPULATION: Israel 6,029,529 (est. July 2002)

GDP: $119 billion (est. 2001)

LEADING NONLIFE ASSOCIATION: Israel Insurance Association INSURANCE COMPANIES, 2001 39 Rothschild Boulevard Written premiums* Tel Aviv 66883, Israel Tel: (972) 3-567-7324 Company NIS Mn USD Mn Fax: (972) 3-528-5030 Clal 1,790.3 425.3

Sahar-Zion 1,355.2 321.9 CURRENCY: new Israeli shekel (NIS) Migdal 944.0 224.2 Is. Phoenix 929.2 220.7 EXCHANGE RATES: new Israeli shekels per U.S. dollar — Aryeh 760.2 180.6 4.2757 (December 2001), 4.2057 (2001), 4.0773 (2000), Menora 695.1 165.1 4.1397 (1999), 3.8001 (1998), Hadar 693.8 164.8 3.4494 (1997) Ayalon 670.6 159.3 Shiloach 605.4 143.8 REGULATORY BODY: Ministry of Finance Eliahu 564.7 134.1 1 Kaplan Street, Hakirya; *Gross written premiums. Policy fees, charged by the PO Box 13195 insurer to the policyholder, have not been included. 91008 Jerusalem, Israel Tel: (972) 2-531-7218 Fax: (972) 2-652-1857 LEADING LIFE INSURANCE COMPANIES, 2001 DIRECT PREMIUMS WRITTEN, 2001 Gross written premiums Company NIS Mn USD Mn Total premiums: $6,552 (U.S. $ millions) Migdal 4,016.5 954.0 Nonlife premiums: 3,171 Life premiums: 3,382 Clal 2,895.2 687.7 Shiloach 1,426.6 338.9 Menora 1,346.7 319.9 Is. Phoenix 1,299.9 308.8 Sources: Swiss Re (premium data); Axco (leading cos.); Hadar 985.1 234.0 U.S. Central Intelligence Agency (economic/demographic data). The Magen 743.8 176.7 Sahar-Zion 518.0 123.0 Aryeh 347.2 82.5 I.L.D 278.0 66.0

52 I.I.I. International Insurance Fact Book 2003 IFB. FINAL5.29.03 5/29/03 2:42 PM Page 53

POPULATION: 57,715,625 (est. July 2002) Italy

GDP: $1.402 trillion (est. 2001)

ASSOCIATION: Italian Association of Insurance LEADING NONLIFE Companies INSURANCE COMPANIES, 2001 Piazza S Babila 1 Written premiums* 20122 Milan, Italy Company ITL Bn USD Mn Tel: (39) 2-776-41 Fax: (39) 2-780-870 Ras 4,917.6 2,274.9 http://www.ania.it Generali 4,566.3 2,112.4 Sai 4,281.0 1,980.4 CURRENCY: euro (EUR); Italian lira (ITL) Assitalia 3,472.7 1,606.5 Milano 2,939.0 1,359.6 EXCHANGE RATES: euros per U.S. dollar — Winterthur 2,378.8 1,100.4 1.1324 (January 2002), 1.1175 (2001), 1.0854 (2000), 0.9386 (1999); Lloyd Adriatico 2,276.6 1,053.1 Italian lire per U.S. dollar — Fondaria 2,218.9 1,026.5 1,688.7 (January 1999), AXA 2,169.7 1,003.7 1,736.2 (1998), 1,703.1 (1997) Unipol 2,151.3 995.2 *Total premiums written, including personal accident REGULATORY BODY: ISVAP - Ist. per la Vigilanza sulle and healthcare. Assicurazioni Via del Quirinale 21 LEADING LIFE 00187 Rome, Italy INSURANCE COMPANIES, 2001 Tel: (39) 6-421-331 Fax: (39) 6-421-332-06 Gross written premiums Company ITL Bn USD Mn DIRECT PREMIUMS WRITTEN, 2001 Alleanza 6,448.8 2,983.2 Creditras 5,390.6 2,493.7 Total premiums: $68,988 (U.S. $ millions) Generali 4,704.1 2,176.1 Nonlife premiums: 27,506 Life premiums: 41,481 Roma 4,520.5 2,091.2 INA 4,311.8 1,994.6 Sanpaolo 4,203.7 1,944.6 Poste 4,151.2 1,920.4 Sources: Swiss Re (premium data); Axco (leading cos.); Montepaschi 3,464.9 1,602.9 U.S. Central Intelligence Agency (economic/demographic data). Mediolanum 3,102.2 1,435.1 Commercial Union 2,654.4 1,227.9

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POPULATION: Ivory Coast 16,804,784 (est. July 2002)

GDP: $25.5 billion (est. 2001)

LEADING NONLIFE ASSOCIATION: Association des Societes d’Assurances INSURANCE COMPANIES, 2000 de Cote d’Ivoire Written premiums* 01 BP 3873 Abidjan 01, Ivory Coast Tel: (225) 20-21-62-96 Company CFA Mn USD Mn Fax: (225) 20-21-18-35 AXA 11,766.3 16.5

NSIA/AGCI 10,526.1 14.8 CURRENCY: Communaute Financiere Africaine COLINA 8,974.2 12.6 franc (CFA) CAN 7,318.8 10.3 SIDAM 7,109.2 10.0 EXCHANGE RATES: Communaute Financiere Africaine francs (CFA) per U.S. dollar — TISSERINS 6,335.7 8.9 742.79 (January 2002), 733.04 (2001), SAFARRIV 5,954.8 8.4 711.98 (2000), 615.70 (1999), MAI 5,690.8 8.0 589.95 (1998), 583.67 (1997) MACI 3,852.8 5.4 MCA 2,995.2 4.2 REGULATORY BODY: Direction des Assurances *Gross written premiums. Imm SCIAM 11eme etage 04 BP 2362 Abidjan 04, Ivory Coast Tel: (225) 20-21-46-93 LEADING LIFE Fax: (225) 20-21-46-09 INSURANCE COMPANIES, 2000

Gross written premiums DIRECT PREMIUMS WRITTEN, 2001 Company CFA Mn USD Mn GROUPAMA VIE 10,130.5 14.2 Total premiums: $155 (U.S. $ millions) Nonlife premiums: 108 AXA VIE 7,667.4 10.8 Life premiums: 47 SAFARRIV VIE 4,890.0 6.9 STAMVIE 2,335.6 3.3 AGCI VIE 2,098.1 2.9

SOMA VIE 2,035.5 2.9 Sources: Swiss Re (premium data); Axco (leading cos.); BENEFICIAL LIFE 1,741.0 2.4 U.S. Central Intelligence Agency (economic/demographic data). MAI VIE 1,553.0 2.2 PRELUXCIA VIE 438.7 0.6 A.A.A. VIE 426.4 0.6

54 I.I.I. International Insurance Fact Book 2003 IFB. FINAL5.29.03 5/29/03 2:42 PM Page 55

POPULATION: 2,680,029 (est. July 2002) Jamaica

GDP: $9.8 billion (est. 2001)

ASSOCIATION: Jamaica Association of General LEADING NONLIFE Insurance Companies INSURANCE COMPANIES, 2000 c/o 58 Half Way Tree Road Written premiums* Kingston 10, Jamaica Company JMD Mn USD Mn Tel: (876) 929-8404 Fax: (876) 929-1074 United General 1,969.3 46.1 NEM 1,237.4 29.0 CURRENCY: Jamaican dollar (JMD) British Caribbean 743.5 17.4 Insurance Co. of EXCHANGE RATES: Jamaican dollars per U.S. dollar — W. Indies 738.6 17.3 47.277 (December 2001), Dyoll 718.8 16.8 45.996 (2001), 42.701 (2000), American Home 717.2 16.8 39.044 (1999), 36.550 (1998), West Indies Alliance 476.6 11.2 35.404 (1997) Globe 431.0 10.1 Jamaican REGULATORY BODY: Office of the Superintendent of International 428.3 10.0 Insurance Jamaica General 369.3 8.6 51 St. Lucia Avenue *Gross written premiums. PO Box 800 Kingston 5, Jamaica Tel: (876) 926-1790 LEADING LIFE INSURANCE COMPANIES, 2000 Fax: (876) 968-4346 Gross written premiums DIRECT PREMIUMS WRITTEN, 2001 Company JMD Mn USD Mn Life of Jamaica 3,098.2 72.6 Total premiums: $315 (U.S. $ millions) Scotia Life 1,584.3 37.1 Nonlife premiums: 188 Life premiums: 127 Guardian Life 1,416.1 33.2 First Life 1,362.6 31.9 Island Life 438.6 10.3 Omni Insurance 327.7 7.7 Sources: Swiss Re (premium data); Axco (leading cos.); Cuna Mutual 144.4 3.4 U.S. Central Intelligence Agency (economic/demographic data).

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POPULATION: Japan 126,974,628 (est. July 2002)

GDP: $3.45 trillion (est. 2001)

LEADING NONLIFE ASSOCIATION: The General Insurance Association of INSURANCE COMPANIES, 2000 Japan Written premiums* Non-Life Insurance Building 9 Kanda Awajicho 2-Chome Company YEN Bn USD Mn Chiyoda-Ku Tokio 1,718.8 15,948.6 Tokyo 101-8335, Japan Yasuda 1,237.4 11,482.0 Tel: (81) 3-3255-1703 Mitsui 841.4 7,807.1 Fax: (81) 3-3255-1234 Sumitomo 819.2 7,601.0 http://www.sonpo.or.jp/english/ Nippon 564.8 5,241.1 english.html Dai-Tokyo 537.7 4,989.4 ASSOCIATION: Life Insurance Association of Japan Nichido 504.1 4,677.5 3rd floor, Shin Kokusai Building Chiyoda 453.6 4,208.7 4-1 Marunouchi 3-chome Fuji 416.4 3,863.5 Chiyoda-ku Koa 367.9 3,413.8 Tokyo 100-0005, Japan *Direct premium incomes net of cancellations and returns but including the savings element in maturity- CURRENCY: yen (JPY) refund policies. EXCHANGE RATES: yen per U.S. dollar — 132.66 (January 2002), 121.53 (2001), LEADING LIFE INSURANCE COMPANIES, 2001 107.77 (2000), 113.91 (1999), 130.91 (1998), 120.99 (1997) Gross written premiums Company YEN Bn USD Mn REGULATORY BODY: Insurance Supervisory Division Nippon 5,668.3 46,641.3 Supervisory Department Dai-Ichi 4,044.1 33,276.3 Financial Services Agency Chuo Godo Chousha, 4th Bldg. Sumitomo 2,915.4 23,989.3 3-1-1 Kasumigaseki, Chiyoda-ku Meiji 2,276.4 18,730.9 Tokyo 100, Japan Yasuda 1,375.5 11,318.3 Tel: (81) 3-3580-4811 Asahi 1,084.4 8,922.5 Daido 1,057.9 8,704.7 DIRECT PREMIUMS WRITTEN, 2001 Mitsui 1,031.3 8,485.6 Total premiums: $445,845 (U.S. $ millions) Taiyo 1,019.0 8,384.7 Nonlife premiums: 89,114 American Family 787.1 6,476.3 Life premiums: 356,731

Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data). 56 I.I.I. International Insurance Fact Book 2003 IFB. FINAL5.29.03 5/29/03 2:42 PM Page 57

POPULATION: 5,307,470 (est. July 2002) Jordan

GDP: $21.6 billion (est. 2001)

ASSOCIATION: Jordan Insurance Federation LEADING NONLIFE PO Box 1990 INSURANCE COMPANIES, 1998 Jabal Al-Hussein-Taiser Thubian St Written premiums* Amman 11118, Jordan Company JOD Mn USD Mn Tel: (962) 6-568-9266 Fax: (962) 6-568-9510 Jordan Insurance 11.0 15.6 http://www.jor-insurancefed.org Middle East 8.1 11.4 Arab Life & Accident 7.4 10.4 ASSOCIATION: General Arab Insurance Federation Arab German 6.9 9.7 8, Kaser El Nil Street Jerusalem 6.1 8.6 PO Box 611 Jordan French 6.0 8.5 Cairo, 11511, Egypt Tel: (20) 2-574-3177 Arab Eagle 4.3 6.1 Fax: (20) 2-576-2310 National Ahlia 3.8 5.3 http://www.gaif.org/ United 3.6 5.0 Jordan Gulf 3.5 4.9 CURRENCY: Jordanian dinar (JOD) *Gross written premiums.

EXCHANGE RATES: Jordanian dinars per U.S. dollar — 0.7090 (1996-present )

REGULATORY BODY: Insurance Regulatory Commission LEADING LIFE PO Box 940829 INSURANCE COMPANIES Amman 11194, Jordan Tel: (962) 6-565-6327 Data not available. Fax: (962) 6-565-6329

DIRECT PREMIUMS WRITTEN, 2001

Total premiums: $170 (U.S. $ millions) Nonlife premiums: 145 Life premiums: 24

Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).

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POPULATION: Kenya 31,138,735 (est. July 2002)

GDP: $31 billion (est. 2001)

LEADING NONLIFE ASSOCIATION: Association of Kenya Insurers INSURANCE COMPANIES, 2000 Transnational Plaza, 4th Floor Written premiums* Mama Ngina Street PO Box 45338 Company KES Mn USD Mn Nairobi, Kenya Kenindia 2,108.5 27.7 Tel: (254) 2-220-212 ALICO 1,247.0 16.4 Fax: (254) 2-338-315 United 892.0 11.7 Heritage All 854.3 11.2 CURRENCY: Kenyan shilling (KES) UAP Provincial 753.7 9.9 EXCHANGE RATES: Kenyan shillings per U.S. dollar — ICEA 610.9 8.0 78.597 (January 2002), 78.563 (2001), Kenyan Alliance 589.3 7.7 76.176 (2000), 70.326 (1999), Pan Africa 535.1 7.0 60.367 (1998), 58.732 (1997) Lion of Kenya 529.3 6.9 Occidental 520.9 6.8 REGULATORY BODY: Department of Insurance *Gross written premiums. Ministry of Finance Anniversary Towers, 10th Floor University Way LEADING LIFE PO Box 43505 INSURANCE COMPANIES, 2000 Nairobi, Kenya Gross written premiums Tel: (254) 2-330-428 Company KES Mn USD Mn Fax: (254) 2-211-711 ICEA 1,374.8 18.0 DIRECT PREMIUMS WRITTEN, 2001 British American 1,010.5 13.3 ALICO 951.9 12.5 Total premiums: $295 (U.S. $ millions) Madison 516.2 6.8 Nonlife premiums: 205 Jubilee 372.3 4.9 Life premiums: 90 Kenindia 354.7 4.7 Pan Africa 245.9 3.2 Old Mutual 151.3 2.0 Heritage All 137.2 1.8 Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data). Pioneer 83.4 1.1

58 I.I.I. International Insurance Fact Book 2003 IFB. FINAL5.29.03 5/29/03 2:42 PM Page 59

POPULATION: 2,111,561 (est. July 2002) Kuwait

GDP: $30.9 billion (est. 2001)

CURRENCY: Kuwaiti dinar (KWD) LEADING NONLIFE INSURANCE COMPANIES, 2000

EXCHANGE RATES: Kuwaiti dinars per U.S. dollar — Written premiums* 0.3075 (January 2002), 0.3066, (2001), Company KWD Mn USD Mn 0.3067 (2000), 0.3044 (1999), 0.3047 (1998), 0.3033 (1997) Ahlia Insurance 11.7 37.7 Gulf Insurance 11.1 35.7 REGULATORY BODY: Ministry of Commerce & Industry Kuwait Insurance 10.7 34.6 Insurance Supervisory Authority Warba Insurance 7.5 24.2 PO Box 2944 Hawally Bahrain Kuwait 3.8 12.3 Kuwait City, Kuwait Lebanese Insurance 1.6 5.2 Tel: (965) 246-6976 Fax: (965) 243-6832 Oriental Insurance 1.5 4.9 Guardian R.E.A 1.4 4.4 DIRECT PREMIUMS WRITTEN, 2001 Ittihad Al-Watani 1.0 3.3 New India 0.9 3.0 Total premiums: $259 (U.S. $ millions) *Gross written premiums. Nonlife premiums: 199 Life premiums: 60 LEADING LIFE INSURANCE COMPANIES, 2000

Gross written premiums Company KWD Mn USD Mn Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data). Al-Ahlia 3.2 10.4 Gulf 3.2 10.3 Kuwait 2.8 9.0 American Life 2.6 8.4 Warba 0.7 2.3 AL-itihad Al-Watani 0.2 0.7

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POPULATION: Lebanon 3,677,780 (est. July 2002)

GDP: $18.8 billion (est. 2001)

LEADING NONLIFE ASSOCIATION: Insurance Companies Association of INSURANCE COMPANIES, 2001 Lebanon Written premiums* SNA Building PO Box 11-8878 Company LEP Mn USD Mn Place Tabaris Medgulf 58,867.9 39.1 Beirut, Lebanon Bankers 53,870.5 35.7 Tel: (961) 1-200-385 AXA Middle East 34,589.6 22.9 Fax: (961) 1-338-276 SNA 27,677.7 18.4 http://www.acal.org.lb Libano Suisse 27,361.1 18.2 ASSOCIATION: General Arab Insurance Federation ALICO 23,471.8 15.6 8, Kaser El Nil Street Al Mashrek 21,738.2 14.4 PO Box 611 Cumberland 18,708.1 12.4 Cairo, 11511, Egypt Fidelity 16,906.6 11.2 Tel: (20) 2-574-3177 Libano Arabe 15,564.9 10.3 Fax: (20) 2-576-2310 *Gross written premiums, including healthcare. http://www.gaif.org/

CURRENCY: Lebanese pound (LEP) LEADING LIFE INSURANCE COMPANIES, 2001 EXCHANGE RATES: Lebanese pounds per U.S. dollar — Gross written premiums 1,507.5 (January 2002), Company LEP Mn USD Mn 1,507.5 (2001), 1,507.5 (2000), ALICO 84,608.4 56.1 1,507.8 (1999), 1,516.1 (1998), 1,539.5 (1997) SNA 20,245.7 13.4 Bancassurance 8,543.0 5.7 REGULATORY BODY: Insurance Supervisory Authority Libano Suisse 4,273.8 2.8 Insurance Control Commission Adir 3,256.2 2.2 Ministry of Economy and Trade Libano Arabe 3,128.1 2.1 PO Box 113-5245 Sogecap 2,608.0 1.7 Beirut, Lebanon Medgulf 2,502.5 1.7 DIRECT PREMIUMS WRITTEN, 2001 Arope 2,261.3 1.5

Bankers 2,246.2 1.5 Total premiums: $476 (U.S. $ millions) Nonlife premiums: 392 Life premiums: 84

Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).

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POPULATION: 448,569 (est. July 2002) Luxembourg

GDP: $19.2 billion (est. 2001)

ASSOCIATION: Insurance Company Association LEADING NONLIFE 75 Rue de Mamer INSURANCE COMPANIES, 2000 LU- 8081 BERTRANGE, Luxembourg Written premiums* Tel: (352) 44-21-44-1 Company LUF Mn USD Mn Fax: (352) 44-02-89 Le Foyer http://www.assurances.lu/ Assurances 6,975.1 159.7 La CURRENCY: euro (EUR); Luxembourg franc (LUF) Luxembourgeoise 4,504.2 103.1 AXA 2,141.5 49.0 EXCHANGE RATES: euros per U.S. dollar — Zurich 1,409.0 32.3 1.1324 (January 2002), 1.1175 (2001), Baloise 882.2 20.2 1.0854 (2000), 0.9386 (1999); Luxembourg francs per U.S. dollar — Fortis Assurances 582.0 13.3 34.77 (January 1999), 36.299 (1998), AGF Assurances 440.3 10.1 35.774 (1997) DKV 372.5 8.5 P+V Assurances 313.6 7.2 REGULATORY BODY: Commissariat aux Assurances Winterthur 293.8 6.7 7 Boulevard Royal *Gross written premiums, including healthcare. L - 2449 Luxembourg Tel: (352) 22-69-11-1 Fax: (352) 22-69-11-444 LEADING LIFE INSURANCE COMPANIES, 2000

DIRECT PREMIUMS WRITTEN, 2001 Gross written premiums Company LUF Mn USD Mn Total premiums: $5,620 (U.S. $ millions) Swiss Life 2,393.2 54.8 Nonlife premiums: 775 Sogelife 1,879.5 43.0 Life premiums: 4,845 La Foyer Vie 1,815.4 41.6 La Luxem- bougeoise-Vie 1,724.5 39.5 AGF Luxembourg 863.8 19.8 Sources: Swiss Re (premium data); Axco (leading cos.); Fortis U.S. Central Intelligence Agency (economic/demographic data). Luxembourg Vie 788.2 18.0 AXA Assurances Vie 723.4 16.6 Baloise-Vie 416.8 9.5 GeneraLife 348.4 8.0 A.M.E. Life Luxembourg 332.3 7.6

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POPULATION: Malaysia 22,662,365 (est. July 2002)

GDP: $200 billion (est. 2001)

LEADING NONLIFE ASSOCIATION: General Insurance Association of INSURANCE COMPANIES, 2000 Malaysia Written premiums* 3rd Floor, Wisma PIAM 150, Jalan Tun Sambathan Company MYR Mn USD Mn 50782 Kuala Lumpur, Malaysia Kurnia 684.2 180.1 Tel: (60) 3-2274-7399 MBA 310.6 81.7 Fax: (60) 3-2274-5910 Hong Leong 282.1 74.2 http://www.piam.org.my/ MAA 269.5 70.9 MNI 268.7 70.7 CURRENCY: ringgit (MYR) Sea 242.0 63.7 EXCHANGE RATES: ringgits per U.S. dollar — CGU 228.3 60.1 3.8000 (January 2002), 3.8000 (2001), American Home 211.2 55.6 3.8000 (2000), 3.8000 (1999), People's 154.4 40.6 3.9244 (1998), 2.8133 (1997) Jerneh 152.6 40.2 *Written premiums net of returns and local REGULATORY BODY: Insurance Regulation Department reinsurance. Central Bank of Malaysia 15th Floor, Block A, Bank Negara Malaysia LEADING LIFE INSURANCE COMPANIES, 2000 PO Box 10922, Jalan Dato’Onn 50929 Kuala Lumpur, Malaysia Gross written premiums Tel: (60) 3-2691-6108 Company MYR Mn USD Mn Fax: (60) 3-2694-5986 Great Eastern 2,128.0 560.0 AIA 1,303.8 343.1 DIRECT PREMIUMS WRITTEN, 2001 Prudential 724.7 190.7 Total premiums: $4,718 (U.S. $ millions) Aetna Universal 720.9 189.7 Nonlife premiums: 1,636 MAA 491.7 129.4 Life premiums: 3,082 OAC 465.5 122.5 Hong Leong 346.8 91.3 Asia Life 250.8 66.0 John Hancock 209.6 55.2 Sources: Swiss Re (premium data); Axco (leading cos.); MNI 186.3 49.0 U.S. Central Intelligence Agency (economic/demographic data).

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POPULATION: 397,499 (est. July 2002) Malta

GDP: $5.95 billion (est. 2001)

ASSOCIATION: Malta Insurance Association 43a/2 St Paul’s Buildings LEADING NONLIFE West Street INSURANCE COMPANIES Valletta VLT 12, Malta Data not available. Tel: (356) 21-23-26-40 Fax: (356) 21-24-83-88

CURRENCY: Maltese lira (MTL)

EXCHANGE RATES: Maltese liri per U.S. dollar — 0.4542 (January 2002), 0.4499 (2001), LEADING LIFE 0.4376 (2000), 0.3994 (1999), INSURANCE COMPANIES 0.3885 (1998), 0.3857 (1997) Data not available. REGULATORY BODY: Malta Financial Services Centre Attard, Malta Tel: (356) 44-11-55 Fax: (356) 44-11-88

DIRECT PREMIUMS WRITTEN, 2001

Total premiums: $154 (U.S. $ millions) Nonlife premiums: 82 Life premiums: 72

Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).

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POPULATION: Mauritius 1,200,206 (est. July 2002)

GDP: $12.9 billion (est. 2001)

LEADING NONLIFE ASSOCIATION: Insurers’ Association of Mauritius INSURANCE COMPANIES, 2001 c/o Mauritius Employers’ Federation Written premiums* Cerne House 13 La Chaussee Company MUR Mn USD Mn Port Louis, Mauritius Sicom 931.8 38.8 Tel: (230) 212-4298 British American 856.5 35.7 Fax: (230) 212-6725 Anglo Mauritius 777.4 32.4 LIC 176.7 7.4 CURRENCY: Mauritian rupee (MUR) Mauritius Union 153.5 6.4 EXCHANGE RATES: Mauritian rupees per U.S. dollar — Albatross 105.7 4.4 30.345 (January 2002), 29.129 (2001), La Prudence 83.3 3.5 26.250 (2000), 25.186 (1999), Island Life 53.7 2.2 22.993 (1998), 21.057 (1997) Sun 40.1 1.7 Mauritian Eagle 32.0 1.3 REGULATORY BODY: Insurance Division *Gross written premiums. Ministry of Economic Development, Financial Services & Corporate Affairs LEADING LIFE 7 Leoville L’Homme Street INSURANCE COMPANIES, 2001 Port Louis, Mauritius Gross written premiums Tel: (230) 212-5946 Company MUR Mn USD Mn Fax: (230) 212-2614 Sicom 931.8 38.8 DIRECT PREMIUMS WRITTEN, 2001 BAI 856.5 35.7 Anglo Mauritius 777.4 32.4 Total premiums: $183 (U.S. $ millions) LIC 176.7 7.4 Nonlife premiums: 71 Mauritius Union 153.5 6.4 Life premiums: 112 Albatross 105.7 4.4 La Prudence 83.3 3.5 Island Life 53.7 2.2 Sun 40.1 1.7 Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data). Mauritian Eagle 32.0 1.3

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POPULATION: 103,400,165 (est. July 2002) Mexico

GDP: $920 billion (est. 2001)

ASSOCIATION: Mexican Association of Insurance LEADING NONLIFE Institutions INSURANCE COMPANIES, 2000 Francisco, Madero 21 Written premiums* Colonia Tlacopac San Angel Company MXN Mn USD Mn 01040 Mexico, D.F., Mexico Comercial Tel: (52) 5-662-61-61 America 12,234.2 1,293.9 Fax: (52) 5-662-80-36 GNP 6,391.7 676.0 http://www.amis.com.mx Inbursa 2,794.3 295.5

CURRENCY: Mexican peso (MXN) Tepeyac 1,968.0 208.1 Aba Seguros 1,515.7 160.3 EXCHANGE RATES: Mexican pesos per U.S. dollar — Zurich 1,333.3 141.0 9.1614 (January 2002), 9.3423 (2001), Bancomer 1,201.7 127.1 9.4556 (2000), 9.5604 (1999), Allianz Mexico 954.3 100.9 9.1360 (1998), 7.9185 (1997) AIG Mexico 880.7 93.1

REGULATORY BODY: Comision Nacional de Seguros y Atlas 848.4 89.7 Fianzas *Gross written premiums, including personal accident. Figures adjusted for inflation, as required by Av. Insurgentes Sur No. 1971 law. Torre Norte 2, Piso 1 Colonia Guadalupe Inn 01020 Mexico, D.F., Mexico LEADING LIFE Tel: (52) 5-724-7495 INSURANCE COMPANIES, 2001 Fax: (52) 5-661-5301 Gross written premiums Company MXN Mn USD Mn DIRECT PREMIUMS WRITTEN, 2001 Hidalgo 10,317.1 1,104.6 Total premiums: $11,176 (U.S. $ millions) GNP 6,789.7 726.9 Nonlife premiums: 5,893 Comercial America 3,561.9 381.4 Life premiums: 5,283 Monterrey New York Life 2,700.1 289.1 Genesis 2,466.8 264.1 Inbursa 2,321.2 248.5 Sources: Swiss Re (premium data); Axco (leading cos.); Principal 1,314.3 140.7 U.S. Central Intelligence Agency (economic/demographic data). Banamex Aegon 1,282.0 137.3 Bancomer 877.9 94.0 Interacciones 874.2 93.6

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POPULATION: Morocco 31,167,783 (est. July 2002)

GDP: $112 billion (est. 2001)

LEADING NONLIFE ASSOCIATION: Fédération Marocaine des Sociétés INSURANCE COMPANIES, 1998 d’Assurances et de Réassurances Written premiums* 154, Boulevard d’Anfa Casablanca, Morocco Company MDH Mn USD Mn Tel: (212) 02-391-850 Al Wataniya 1,161.7 121.0 Fax: (212) 02-391-854 Wafa Assurances 1,107.8 115.3 CAA 961.7 100.1 ASSOCIATION: General Arab Insurance Federation AXA Al Amane 876.3 91.2 8, Kaser El Nil Street CNIA 836.2 87.1 PO Box 611 Cairo, 11511, Egypt RMA 702.2 73.1 Tel: (20) 2-574-3177 Atlanta 606.8 63.2 Fax: (20) 2-576-2310 Sanad 455.0 47.4 http://www.gaif.org/ Es Saada 433.0 45.1 CAT 403.5 42.0 CURRENCY: Moroccan dirham (MDH) *Gross written premiums. EXCHANGE RATES: Moroccan dirhams per U.S. dollar — 11.584 (January 2002), 11.303 (2001), 10.626 (2000), 9.804 (1999), 9.604 (1998), 9.527 (1997)

LEADING LIFE INSURANCE COMPANIES REGULATORY BODY: Ministere de l’economie et des finances Data not available. Direction des assurances et de la prevoyance sociale Avenue Mohammed V-Quartier administratif Rabat Chellah, Morocco Tel: (212) 37-762-427

DIRECT PREMIUMS WRITTEN, 2001

Total premiums: $955 (U.S. $ millions) Nonlife premiums: 681 Life premiums: 275

Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).

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POPULATION: 16,067,754 (est. July 2002) Netherlands

GDP: $413 billion (est. 2001)

ASSOCIATION: Insurance Company Association LEADING NONLIFE Bordewijklaan 2 INSURANCE COMPANIES, 2000 2591 XR Den Haag, Netherlands Written premiums* Tel: (31) 70-333-8500 Company NLG Mn USD Mn Fax: (31) 70-333-8510 http://www.verzekeraars.nl Achema 4,281.6 1,791.5 Nationale- Nederlanden 2,439.2 1,020.6 CURRENCY: euro (EUR); Netherlands guilder Interpolis 1,886.5 789.3 (NLG) Delta Lloyd 1,297.9 543.1 EXCHANGE RATES: euros per U.S. dollar — AEGON 1,185.9 496.2 1.1324 (January 2002), 1.1175 (2001), AMEV 1,122.5 469.7 1.0854 (2000), 0.9386 (1999); VGZ Netherlands guilders per U.S. Zorgverzekeraar 939.5 393.1 dollar —1.9837 (1998), 1.9513 (1997) Royal Nederlanden 801.7 335.5 Delta Lloyd Zorg 801.6 335.4 REGULATORY BODY: Sociaal-Economische Raad NCM (Nederlanden) 789.3 330.3 Bezuidenhoutseweg 60 *Gross written premiums. Postbus 90405 2509 LK The Hague, Netherlands Tel: (31) 70-349-9499 LEADING LIFE INSURANCE COMPANIES, 2000 Fax: (31) 70-383-2535 Gross written premiums DIRECT PREMIUMS WRITTEN, 2001 Company NLG Mn USD Mn Nationale- Total premiums: $37,209 (U.S. $ millions) Nederlanden Nonlife premiums: 15,675 Leven 10,768.5 4,505.7 Life premiums: 21,534 Aegon Leven 5,907.2 2,471.6 Interpolis BTL 4,134.1 1,729.7 Centraal Beheer Pensioen 3,217.4 1,346.2 Delta Lloyd Leven 2,909.8 1,217.5 Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data). Amev Leven 2,379.3 995.5 Zwitserleven 2,020.1 845.2 Stad Rotterdam Leven 1,784.6 746.7 ABN Amro Leven 1,737.0 726.8 AXA Leven 1,518.8 635.5

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POPULATION: New Zealand 3,908,037 (est. July 2002)

GDP: $75.4 billion (est. 2001)

LEADING NONLIFE ASSOCIATION: Insurance Council of New Zealand INSURANCE COMPANIES, 2000 Inc. Written premiums* Guardian Assurance House 111-115 Customhouse Quay Company NZD Mn USD Mn PO Box 474 State Insurance 388.3 177.3 Wellington, New Zealand NZI 330.2 150.8 Tel: (64) 4-472-5230 Royal & SunAlliance 239.2 109.2 Fax: (64) 4-473-3011 AMI 158.0 72.2 http://www.icnz.org.nz HIH 147.2 67.2 CURRENCY: New Zealand dollar (NZD) Lumley General 138.6 63.3 Tower 119.8 54.7 EXCHANGE RATES: New Zealand dollars per American Home 88.8 40.6 U.S. dollar — AMP General 81.4 37.2 2.3535 (January 2002), 2.3776 (2001), Allianz (NZ) 67.0 30.6 2.1863 (2000), 1.8886 (1999), *Gross written premiums. 1.8632 (1998), 1.5083 (1997)

REGULATORY BODY: Operations Branch LEADING LIFE Ministry of Economic Development INSURANCE COMPANIES, 2000 PO Box 10843 Gross written premiums Level 11, 33 Bowen Street Company NZD Thou USD Thou Wellington, New Zealand Soveriegn Group 449,381.0 205,196.8 Tel: (64) 4-470-2501 Fax: (64) 4-471-1534 AXA 221,571.0 101,174.0 AMP 194,580.0 88,849.3 DIRECT PREMIUMS WRITTEN, 2001 Royal & SunAlliance 122,492.0 55,932.4 Total premiums: $2,810 (U.S. $ millions) Tower Health 52,806.0 24,112.3 Nonlife premiums: 2,048 Fidelity 45,200.0 20,639.3 Life premiums: 763 Tower 42,262.0 19,297.7 Westpac Trust 31,275.0 14,280.8 NPF 29,195.0 13,331.1 BNZ 24,203.0 11,051.6 Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).

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POPULATION: 129,934,911 (est. July 2002) Nigeria

GDP: $105.9 billion (est. 2001)

ASSOCIATION: Nigeria Insurers Association (NIA) LEADING NONLIFE 42 Saka Tinubu Street INSURANCE COMPANIES, 1999 Victoria Island Written premiums* PO Box 9551 Company NGN Mn USD Mn Lagos, Nigeria NICON Insurance Tel: (234) 1-616-371 Corporation 4,784.0 51.8 Fax: (234) 1-263-1460 A&G Insurance 1,100.5 11.9 UNIC Insurance 1,018.9 11.0 CURRENCY: naira (NGN) Leadway Insurance 1,011.9 11.0 EXCHANGE RATES: nairas per U.S. dollar — Industrial & General 905.4 9.8 115 (January 2002), 101.697 (2000), 92.338 (1999), 21.886 (1998), The Lion of Africa 569.4 6.2 21.886 (1997) Aiico Insurance 517.8 5.6 Goldlink Insurance 499.9 5.4 REGULATORY BODY: Federal Ministry of Trade & Tourism Royal Exchange 476.5 5.2 Alagbon Close, Ikoyi; P.M.B. 88 Unitrust Insurance 417.2 4.5 Lagos, Nigeria *Gross written premiums. Tel: (234) 1-225-7779

DIRECT PREMIUMS WRITTEN, 2001 LEADING LIFE INSURANCE COMPANIES, 1999

Total premiums: $270 (U.S. $ millions) Gross written premiums Nonlife premiums: 216 Company NGN Mn USD Mn Life premiums: 54 NICON Insurance Corporation 1,456.8 15.8 Industrial & General 1,028.3 11.1 Aiico Insurance 947.0 10.3 Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data). Crusader Insurance 444.3 4.8 African Alliance 251.9 2.7 Niger Insurance 230.3 2.5 Great Nigeria Insurance 116.9 1.3 Royal Exchange Assurance 80.5 0.9 Elmac Insurance 49.2 0.5 Amicable Insurance 48.6 0.5

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POPULATION: Norway 4,525,116 (est. July 2002)

GDP: $138.7 billion (est. 2001)

LEADING NONLIFE ASSOCIATION: Norwegian Financial Services INSURANCE COMPANIES, 2000 Association Written premiums* Hansteensgate 2 Postboks 2473 Solli Company NOK Mn USD Mn Oslo 0202, Norway Gjensidige NOR 7,686.0 873.2 Tel: (47) 23-28-4200 Vesta 4,366.0 496.0 Fax: (47) 23-28-4201 Sparebanken 1 2,700.0 306.8 http://www.fnh.no *Gross written premiums. CURRENCY: Norwegian krone (NOK)

LEADING LIFE INSURANCE COMPANIES, 2000 EXCHANGE RATES: Norwegian kroner per U.S. dollar — 8.9684 (January 2002), 8.9917 (2001), Gross written premiums 8.8018 (2000), 7.7992 (1999), Company NOK Mn USD Mn 7.5451 (1998), 7.0734 (1997) Storebrand 6,990.4 794.2 KLP 6,931.2 787.5 REGULATORY BODY: Kredittilsynet The Banking, Insurance and Vital 4,132.7 469.5 Securities Commission of Gjensidige NOR Spare 3,868.3 439.5 Norway Gjensidige NOR Ostensjovn. 43; PO Box 100 Bryn Fors 1,132.4 128.7 N-0611 Oslo, Norway Vesta Liv 1,065.4 121.0 Tel: (47) 22-93-9800 VAR 915.5 104.0 Fax: (47) 22-63-0226 Vital Fondsforsikring 788.1 89.5 DIRECT PREMIUMS WRITTEN, 2001 Norske Liv 700.2 79.6

Gjensidige NOR Total premiums: $8,008 (U.S. $ millions) Fond 441.9 50.2 Nonlife premiums: 4,098 Life premiums: 3,910

Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).

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POPULATION: 2,713,462 (est. July 2002) Oman

GDP: $21.5 billion (est. 2001)

ASSOCIATION: General Arab Insurance Federation LEADING NONLIFE 8, Kaser El Nil Street INSURANCE COMPANIES, 1999 PO Box 611 Written premiums* Cairo, 11511, Egypt Company OMR Mn USD Mn Tel: (20) 2-574-3177 Fax: (20) 2-576-2310 Oman National 22.4 58.2 http://www.gaif.org/ Muscat 2.7 7.1 *Gross written premiums. CURRENCY: Omani rial (OMR) LEADING LIFE EXCHANGE RATES: Omani rials per U.S. dollar — INSURANCE COMPANIES, 1999 0.3845 (fixed rate since 1986) Gross written premiums REGULATORY BODY: Ministry of Commerce & Industry Company OMR Mn USD Mn General Director of Commerce National Life 7.0 18.3 Insurance Department Muscat Life 2.1 5.5 PO Box 550 Dhofar Insurance 0.9 2.4 113 Muscat, Oman Al Ahlia Insurance 0.8 1.9 Tel: (968) 774-129 Fax: (968) 771-2030 Oman United 0.7 1.8

DIRECT PREMIUMS WRITTEN, 2001

Total premiums: $201 (U.S. $ millions) Nonlife premiums: 166 Life premiums: 35

Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).

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POPULATION: Pakistan 147,663,429 (est. July 2002)

GDP: $299 billion (est. 2001)

LEADING NONLIFE ASSOCIATION: Insurance Association of Pakistan INSURANCE COMPANIES, 2001 Jamshed Katrak Chambers Written premiums* G Allana Road PO Box 4932 Company PKR Mn USD Mn Karachi 74000, Pakistan Adamjee 3,375.5 55.1 Tel: (92) 21-231-1782 EFU 2,062.5 33.6 Fax: (92) 21-231-0798 New Jubilee 775.2 12.6 Premier 326.6 5.3 CURRENCY: Pakistani rupee (PKR) CGU 315.9 5.2 EXCHANGE RATES: Pakistani rupees per U.S. dollar — New Hampshire 297.0 4.8 60.719 (January 2002), 61.927 (2001), Habib 242.1 3.9 53.648 (2000), 49.118 (1999), Universal 228.6 3.7 44.943 (1998), 40.918 (1997) Askari 220.1 3.6 IGI 217.0 3.5 REGULATORY BODY: Department of Insurance, Head Office *Gross written premiums. 11th Floor, State Life Building 5, Blue Area Islamabad, Pakistan LEADING LIFE Tel: (92) 51-920-8887 INSURANCE COMPANIES, 2001 Fax: (92) 51-920-8955 Gross written premiums Company PKR Mn USD Mn DIRECT PREMIUMS WRITTEN, 2001 State Life 6,944.7 113.3 Total premiums: $382 (U.S. $ millions) EFU Life 570.3 9.3 Nonlife premiums: 214 Commercial Union 363.3 5.9 Life premiums: 168 ALICO 149.5 2.4 Metropolitan Life 40.0 0.7

Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).

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POPULATION: 2,882,329 (est. July 2002) Panama

GDP: $16.9 billion (est. 2001)

ASSOCIATION: Panamanian Insurance Association LEADING NONLIFE Apartado Postal 7465 INSURANCE COMPANIES, 2001 Calle Venezuela 46-113, Panama 5 Written premiums* Tel: (507) 225-4445 Company USD Mn Fax: (507) 225-8259 ASSA 44.9

CURRENCY: balboa (PAB); US dollar (USD) Compania Internacional 37.6 Compania Nacional 35.0 EXCHANGE RATES: balboas per U.S. dollar — Aseguradora Mundial 19.7 1.000 (fixed rate) Assicurazioni Generali 11.0 National Union Fire 10.8 REGULATORY BODY: Ministerio de Comercio e Industrias Superintendencia de Seguros y Aseguradora Ancon 9.6 Reaseguros Compania Interoceanica 9.5 Apartado 832-1683 Aseguradora Comercial 5.0 World Trade Center Aseguradora del Atlantico 4.2 Panama, Panama *Gross written premiums. Tel: (507) 214-7484 Fax: (507) 214-7482 LEADING LIFE INSURANCE COMPANIES, 2001 DIRECT PREMIUMS WRITTEN, 2001 Gross written premiums Total premiums: $360 (U.S. $ millions) Company USD Mn Nonlife premiums: 246 Aseguradora Mundial 33.5 Life premiums: 114 Compania Internacional 27.0 ASSA 25.2 American Life 23.1 Compania Nacional 11.7 Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data). Pan American 11.2 Assicurazioni Generali 8.4 Pan American Life 5.8 Compania Istema 5.4 British American 4.0

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POPULATION: Peru 27,949,639 (est. July 2002)

GDP: $132 billion (est. 2001)

LEADING NONLIFE ASSOCIATION: Insurance Companies’ Association of INSURANCE COMPANIES, 2001 Peru Written premiums* Arias Araguez 146 Miraflores, Aptdo 1684 Company PEN Mn USD Mn Lima, Peru El Pacifico Peruano Suiza 423.8 120.7 Tel: (51) 1-444-2294 Fax: (51) 1-446-8538 Rimac International 297.6 84.8 Weise Aetna 103.4 29.5 CURRENCY: nuevo sol (PEN) La Positiva 99.8 28.4 Generali Peru 95.9 27.3 EXCHANGE RATES: nuevo sol per U.S. dollar — Royal & SunAlliance 95.1 27.1 3.4400 (November 2001), Mapfre Peru 86.9 24.8 3.509 (2001), 3.4900 (2000), 3.3833 (1999), 2.9300 (1998), Sul America 56.6 16.1 2.6642 (1997) Mapfre Peru Vida 34.9 9.9

El Pacifico Vida 8.4 2.4 REGULATORY BODY: Superintendencia de Banca y Seguros *Gross written premiums, including composite Los Laureles 214, San Isidro companies. Includes personal accident and workers Lima 27, Peru compensation. Tel: (51) 1-221-8990 Fax: (51) 1-441-7760 LEADING LIFE INSURANCE COMPANIES, 2001 DIRECT PREMIUMS WRITTEN, 2001 Gross written premiums Total premiums: $571 (U.S. $ millions) Company PEN Mn USD Mn Nonlife premiums: 363 El Pacifico Vida 206.2 61.0 Life premiums: 208 Weise Aetna Vida 140.1 41.5 Rimac International 121.5 35.9 Interseguro 64.5 19.1 La Positiva 60.8 18.0 Sources: Swiss Re (premium data); Axco (leading cos.); Mapfre Peru Vida 34.8 10.3 U.S. Central Intelligence Agency (economic/demographic data). Royal & SunAlliance Vida 19.4 5.7 Generali Peru 15.5 4.6 Atlas Cumbres 12.1 3.6 Santander Vida 7.6 2.2

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POPULATION: 84,525,639 (est. July 2002) Philippines

GDP: $335 billion (est. 2001)

ASSOCIATION: Insurance & Surety Association LEADING NONLIFE of the Philippines INSURANCE COMPANIES, 2000 Regina Building Written premiums* Escolta Company PHP Mn USD Mn Manila, Philippines Tel: (63) 2-241-5847 Malayan Ins. 1,647.5 42.1 Fax: (63) 2-241-6587 Prudential Gtee. 1,574.5 40.3 FGU Ins. 979.2 25.0 CURRENCY: Philippine peso (PHP) PHILAM Ins. 835.1 21.4 Federal Phoenix 798.0 20.4 EXCHANGE RATES: Philippine pesos per U.S. dollar — Standard 773.9 19.8 51.201 (January 2002), 50.993 (2001), 44.192 (2000), Pioneer Ins. 669.1 17.1 39.089 (1999), 40.893 (1998), Phil. Charter 632.5 16.2 29.471 (1997) UCPB Gen. 604.3 15.5 CGU Int'l. 532.8 13.6 REGULATORY BODY: Insurance Commission, Department *Gross written premiums. of Finance Insurance Commission Building LEADING LIFE 1071 United Nations Avenue INSURANCE COMPANIES, 2000 PO Box 3589 Manila, Philippines Gross written premiums Tel: (63) 2-525-2015 Company PHP Mn USD Mn Fax: (63) 2-522-1434 Philam Life & Gen. 7,126.8 161.3 Sun Life 5,112.4 115.7 DIRECT PREMIUMS WRITTEN, 2001 Insular Life 4,342.5 98.3

Total premiums: $906 (U.S. $ millions) Manulife 1,302.0 29.5 Nonlife premiums: 414 Prumerica Life 1,281.0 29.0 Life premiums: 493 Ayala Life 1,204.3 27.3 Unicoco Life 945.2 21.4 Great Pacific Life 843.7 19.1 Phil. Axa Life 564.2 12.8 Sources: Swiss Re (premium data); Axco (leading cos.); CMG Life 489.3 11.1 U.S. Central Intelligence Agency (economic/demographic data).

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POPULATION: Poland 38,625,478 (est. July 2002)

GDP: $339.6 billion (est. 2001)

LEADING NONLIFE ASSOCIATION: Polish Chamber of Insurance INSURANCE COMPANIES, 2001 Palace of Culture and Science, 11th Written premiums* Floor 1 Defilad Sq. Company PLN Mn USD Mn 00-901 Warsaw, Poland PZU 7,522.6 1,839.3 Tel: (48) 22-656-79-88 Warta 1,705.1 416.9 Fax: (48) 22-656-67-90 Ergo Hestia 728.3 178.1 http://www.punu.gov.pl/piu_eng.html Allianz Polska 503.7 123.2 Samopomoc 312.2 76.3 CURRENCY: zloty (PLN) Polonia 309.1 75.6 EXCHANGE RATES: zlotych per U.S. dollar — Daewoo 288.4 70.5 4.0144 (December 2001), Nordea 240.3 58.7 4.0939 (2001), 4.3461 (2000), Compensa 178.6 43.7 3.9671 (1999), 3.4754 (1998), Filar 169.2 41.4 3.2793 (1997) *Gross written premiums. REGULATORY BODY: Ministry of Finance Financial Institution Department LEADING LIFE Swietokrzyska 12 INSURANCE COMPANIES, 2001 09-916 Warsaw, Poland Gross written premiums Tel: (48) 22-694-3338 Company PLN Mn USD Mn Fax: (48) 22-694-3950 PZU Zycie 4,711.7 1,152.0 DIRECT PREMIUMS WRITTEN, 2001 Commercial Union 1,744.6 426.6 Amplico Life 964.4 235.8 Total premiums: $5,410 (U.S. $ millions) ING Nationale Nonlife premiums: 3,529 Nederlanden 950.9 232.5 Life premiums: 1,882 Allianz Polska Zycie 141.8 34.7 Winterthur Zycie 113.3 27.7 Zurich NA Zycie 109.2 26.7 Ergo Hestia Zycie 88.1 21.5 Sources: Swiss Re (premium data); Axco (leading cos.); Warta Vita 78.1 19.1 U.S. Central Intelligence Agency (economic/demographic data). Gerling Polska Zycie 49.5 12.1

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POPULATION: 10,084,245 (est. July 2002) Portugal

GDP: $174.1 billion (est. 2001)

ASSOCIATION: Portuguese Insurers Association LEADING NONLIFE Rua Rodrigo da Fonseca 41 INSURANCE COMPANIES, 2000 1250-190 Lisbon, Portugal Written premiums* Tel: (351) 21-384-8100 Company ESC Bn USD Mn Fax: (351) 21-383-1422 http://www.apseguradores.pt Fidelidade 73.8 340.1 Imperio 64.7 298.0 CURRENCY: euro (EUR); Tranquilidade 63.3 291.8 Portuguese escudo (ESC) Axa Portugal Seguros 61.9 285.4 Mundial Confianca 61.5 283.4 EXCHANGE RATES: euros per U.S. dollar — Bonanca 58.7 270.6 1.1324 (January 2002), 1.1175 (2001), 1.0854 (2000), 0.9386 (1999); Allianz Portugal 48.1 221.9 Portuguese escudos per U.S. dollar — Zurich 32.3 148.8 180.10 (1998), 175.31 (1997) Ocidental Seguros 25.9 119.1 Europeia 19.7 90.7 REGULATORY BODY: Instituto de Seguros de Portugal *Provisional gross written premiums. Av. de Berna 19 1050-037 Lisbon, Portugal LEADING LIFE Tel: (351) 21-790-3100 INSURANCE COMPANIES, 2001 Fax: (351) 21-793-8568 Gross written premiums DIRECT PREMIUMS WRITTEN, 2001 Company ESC Bn USD Mn Occidental Vida 273.8 1,195.9 Total premiums: $5,907 (U.S. $ millions) Tranquilidade Vida 163.1 712.4 Nonlife premiums: 2,869 Fidelidade 140.9 615.4 Life premiums: 3,039 Santander Vida 56.1 245.0 AXA Vida 29.2 127.5 Imperio Bonanca 29.2 127.5

Sources: Swiss Re (premium data); Axco (leading cos.); BPI Vida 25.2 110.1 U.S. Central Intelligence Agency (economic/demographic data). Mundial Confianca 24.6 107.5 Acoreana 18.4 80.4 Victoria Vida 14.3 62.5

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POPULATION: Romania 22,317,730 (est. July 2002)

GDP: $152.7 billion (est. 2001)

LEADING NONLIFE ASSOCIATION: National Union of Insurance and INSURANCE COMPANIES, 2000 Reinsurance Companies of Written premiums* Romania Bd. Libertatii 12 Company ROL Mn USD Mn Bl. 113, Sc. 3, Ap. 68, Sector 4 Asirom 1,504,192.2 69.3 Bucharest, Romania Omniasig 717,112.9 33.0 Tel: (40) 1-335-1269 Allianz Tiriac 679,597.0 31.3 Fax: (40) 1-337-2243 Astra 511,607.9 23.6 http://www.unsar.ro Ardaf 356,140.9 16.4 CURRENCY: leu (ROL) Grup AS 225,477.9 10.4 Asiban 171,046.5 7.9 EXCHANGE RATES: lei per U.S. dollar — Anglo-Romana 170,568.6 7.9 35,052.0 (January 2002), Generali 169,664.4 7.8 29,060.8 (2001), 21,708.7 (2000), Unita 154,045.8 7.1 15,332.8 (1999), 8,875.6 (1998), *Direct nonlife premiums. 7,167.9 (1997); note - lei is the plural form of leu

LEADING LIFE REGULATORY BODY: Insurance Supervisory INSURANCE COMPANIES, 2000 Commission - CSA Gross written premiums (Comisia de Supraveghere a Company ROL Mn USD Mn Asigurarilor) ING 602,108.0 27.7 Str. Zossima Demarat 8 Sector 3 Asirom 232,818.2 10.7 Bucharest, Romania Sara Merkur 67,898.1 3.1 Tel: (40) 1-326-6210 Unita 56,183.2 2.6 AIG Life 47,476.0 2.2 DIRECT PREMIUMS WRITTEN, 2001 Asiban 16,740.0 0.8 Lukoil 9,902.2 0.5 Total premiums: $344 (U.S. $ millions) Nonlife premiums: 272 Interamerican 9,418.5 0.4 Life premiums: 73 Metropol 5,635.5 0.3 Omniasig Viata 5,468.3 0.3

Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).

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POPULATION: 144,978,573 (est. July 2002) Russia

GDP: $1.2 trillion (est. 2001)

ASSOCIATION: All Russia Insurance Association LEADING NONLIFE Tverskaya 20 INSURANCE COMPANIES, 2000 Moscow 103009, Russia Written premiums* Tel: (7) 095-232-1225 Company RUR Mn USD Mn Fax: (7) 095-232-1226 http://www.ins-union.ru Interros-Soglasie 4,823.4 171.5 Rosno 3,762.1 133.7 CURRENCY: Russian ruble (RUR) Ingosstrakh 3,490.6 124.1 Sogaz 2,249.9 80.0 EXCHANGE RATES: Russian rubles per U.S. dollar — LUKoil 2,085.2 74.1 30.4669 (January 2002), Reso-Garantiya 1,757.0 62.5 29.1685 (2001), 28.1292 (2000), 24.6199 (1999), 9.7051 (1998), Progress-Garant 1,575.5 56.0 5,785 (1997) Promeshlenno 1,451.2 51.6 Gasprommedstrakh 1,346.5 47.9 REGULATORY BODY: Department of Insurance Supervision Spasskie Vorota 1,313.6 46.7 Ministry of Finance *Gross written premiums, excluding compulsor y 20, Tverskaya Street insurance. 103009 Moscow, Russian Federation Tel: (7) 095-209-5777 LEADING LIFE Fax: (7) 095-209-5649 INSURANCE COMPANIES, 2000

DIRECT PREMIUMS WRITTEN, 2001 Gross written premiums Company RUR Mn USD Mn Total premiums: $9,470 (U.S. $ millions) PSK 21,236.4 755.0 Nonlife premiums: 4,687 Spasskie Vorota 10,394.8 369.5 Life premiums: 4,783 Yakor 5,096.2 181.2 Rosno 4,478.3 159.2 VEStA 4,298.1 152.8 Natsionalnaya 3,002.5 106.7 Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data). Novaya 3,000.5 106.7 LKSiti 2,727.2 97.0 Ingosstrakh- Rossiya 2,672.3 95.0 Kontinent-Polis 1,721.4 61.2

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POPULATION: Saudi Arabia 23,513,330 (est. July 2002)

GDP: $241 billion (est. 2001)

LEADING NONLIFE ASSOCIATION: General Arab Insurance Federation INSURANCE COMPANIES 8, Kaser El Nil Street PO Box 611 Data not available. Cairo, 11511, Egypt Tel: (20) 2-574-3177 Fax: (20) 2-576-2310 http://www.gaif.org/

CURRENCY: Saudi riyal (SAR) LEADING LIFE INSURANCE COMPANIES EXCHANGE RATES: Saudi riyals per U.S. dollar — 3.7450 (fixed rate since June 1986) Data not available.

REGULATORY BODY: Ministry of Commerce Riyadh, Saudi Arabia

DIRECT PREMIUMS WRITTEN, 2001

Total premiums: $992 (U.S. $ millions) Nonlife premiums: 979 Life premiums: 13

Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).

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POPULATION: 4,452,732 (est. July 2002) Singapore

GDP: $106.3 billion (est. 2001)

ASSOCIATION: General Insurance Association of LEADING NONLIFE Singapore INSURANCE COMPANIES, 2000 48 Amoy Street Written premiums* Singapore 069874 Company SGD Mn USD Mn Tel: (65) 622-18-788 Fax: (65) 622-72-051 NTUC Income 173.8 101.1 http://www.gia.org.sg American Home 110.9 64.5 ICS 101.9 59.3 CURRENCY: Singapore dollar (SGD) China 94.0 54.6 AXA Singapore 91.3 53.1 EXCHANGE RATES: Singapore dollars per U.S. dollar — CGU 75.7 44.0 1.8388 (January 2002), 1.7917 (2001), 1.7240 (2000), 1.6950 (1999), Asia 70.2 40.8 1.6736 (1998), 1.4848 (1997) AIA 58.0 33.7 India International 57.9 33.7 REGULATORY BODY: Monetary Authority of Singapore Mitsui (Asia) 56.4 32.8 Insurance Dept., Financial *Gross written premiums, including personal Supervision Group accident and healthcare. 10 Shenton Way, MAS Building Singapore 079117 LEADING LIFE Tel: (65) 229-91-43 INSURANCE COMPANIES, 2000 Fax: (65) 229-96-94 Gross written premiums DIRECT PREMIUMS WRITTEN, 2001 Company SGD Mn USD Mn AIA 1,720.8 1,000.5 Total premiums: $4,005 (U.S. $ millions) Great Eastern Life 1,411.5 820.6 Nonlife premiums: 1,091 Prudential 752.1 437.3 Life premiums: 2,914 NTUC Income 609.2 354.2 ICS 117.5 68.3 OAC 113.4 65.9

Sources: Swiss Re (premium data); Axco (leading cos.); AXA Life Singapore 91.4 53.1 U.S. Central Intelligence Agency (economic/demographic data). John Hancock 73.6 42.8 OUB Manulife 63.6 37.0 Asia Life 59.7 34.7

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POPULATION: Slovakia 5,422,366 (est. July 2002)

GDP: $62 billion (est. 2001)

LEADING NONLIFE ASSOCIATION: Slovak Insurance Association INSURANCE COMPANIES, 2000 Drienova 34, PO Box 51 Written premiums* 820 09 Bratislava 29, Slovakia Tel: (421) 2-4342-9985 Company SKK Mn USD Mn Fax: (421) 2-4342-9984 Slovenska poistovna 9,040.4 196.4 http://www.slaspo.sk Kooperativa poistovna 1,693.2 36.8 CURRENCY: Slovak koruna (SKK) Allianz poistovna 1,479.1 32.1 Ceska poistovna 776.5 16.9 EXCHANGE RATES: koruny per U.S. dollar — 47.792 (September 2001), UNIQA poistovna 681.4 14.8 46.035 (2000), 41.363 (1999), Union 554.7 12.0 35.233 (1998), 33.616 (1997) Univerzalna Bankova 273.7 5.9 QBE poistovna 255.7 5.6 REGULATORY BODY: Financial Market Authority ERGO 251.0 5.5 Insurance Section Komunalna Radlinskeho ul., PO Box 37 poistovna 191.4 4.2 81318 Bratislava 1, Slovakia *Gross written premiums. Tel: (421) 2-5726-2700 Fax: (421) 2-5726-2703 LEADING LIFE INSURANCE COMPANIES, 2000 DIRECT PREMIUMS WRITTEN, 2001

Gross written premiums Total premiums: $659 (U.S. $ millions) Company SKK Mn USD Mn Nonlife premiums: 372 Slovenska Life premiums: 287 poistovna 4,130.5 89.7 AMSLICO AIG Life 2,141.5 46.5 ING Nationale Nederlanden 1,643.0 35.7 Kooperativa Sources: Swiss Re (premium data); Axco (leading cos.); poistovna 813.2 17.7 U.S. Central Intelligence Agency (economic/demographic data). KONTINUITA 543.8 11.8 Allianz poistovna 541.6 11.8 ERGO 403.8 8.8 QBE poistovna 336.3 7.3 Prva Ceska - Slovenska 192.8 4.2 UNIQA poistovna 167.8 3.6

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POPULATION: 1,932,917 (est. July 2002) Slovenia

GDP: $31 billion (est. 2001)

ASSOCIATION: Slovenian Insurance Association LEADING NONLIFE PO Box 2512 INSURANCE COMPANIES, 2001 Zelezna cesta 14 Written premiums* 1001 Ljubljana, Slovenia Company SIT Mn USD Mn Tel: (386) 1-473-5699 Fax: (386) 1-473-5692 Triglav 72,746.0 299.7 http://www.zav-zdruzenje.si Health Insurance Mutual 47,878.0 197.2 Maribor 20,657.0 85.1 CURRENCY: tolar (SIT) Adriatic 20,375.0 83.9 EXCHANGE RATES: tolars per U.S. dollar — Slovenica 8,795.0 36.2 251.40 (January 2002), 242.75 (2001), Tilia 5,463.0 22.5 222.66 (2000), 181.77 (1999), Generali 1,784.0 7.3 166.13 (1998), 159.69 (1997) Grawe 941.0 3.9 Merkur 878.0 3.6 REGULATORY BODY: Insurance Supervision Agency Slovene Export Trg republike 3 Corporation 840.0 3.5 Ljubljana, Slovenia *Gross written premiums. Tel: (386) 1-476-3400 Fax: (386) 1-476-3417 LEADING LIFE INSURANCE COMPANIES, 2001 DIRECT PREMIUMS WRITTEN, 2001 Gross written premiums Total premiums: $948 (U.S. $ millions) Company SIT Mn USD Mn Nonlife premiums: 745 Triglav 21,339.0 87.9 Life premiums: 203 Maribor 9,085.0 37.4 Merkur 4,620.0 19.0 Grawe 2,645.0 10.9

Sources: Swiss Re (premium data); Axco (leading cos.); Adriatic 1,550.0 6.4 U.S. Central Intelligence Agency (economic/demographic data). Slovenica 1,492.0 6.1 Generali 1,025.0 4.2 Tilia 606.0 2.5 Krekova 88.0 0.4 Concordia 12.0 0.0

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POPULATION: South Africa 43,647,658 (est. July 2002)

GDP: $412 billion (est. 2001)

LEADING NONLIFE ASSOCIATION: South African Insurance Association INSURANCE COMPANIES, 2000 JCC House, 3rd Floor Written premiums* 27 Owl Street, Milpark 2029 PO Box 30619 Company SAR Mn USD Mn Braamfontein 2017, South Africa Santam 4,028.6 580.5 Tel: (27) 11- 726-5381 Mutual & Federal 2,602.6 375.0 Fax: (27) 11-726-5352 S A Eagle 1,384.1 199.4 http://www.sainsurance.co.za CGU 954.7 137.6 Hollard 852.1 122.8 CURRENCY: rand (SAR) Sanlam Health 668.2 96.3 EXCHANGE RATES: rand per U.S. dollar — ABSA 461.8 66.5 11.58786 (January 2002), Guardrisk 436.9 62.9 8.60918 (2001), 6.93983 (2000), Rand Mutual 340.5 49.1 6.10948 (1999), 5.52828 (1998), Escap 338.5 48.8 4.60796 (1997) *Net written premiums. REGULATORY BODY: Registrar — Financial Services Board PO Box 35655; 446 Rigel Avenue LEADING LIFE South Erasmusrand 0181 INSURANCE COMPANIES, 2000 Menlo Park 0102, South Africa Gross written premiums Tel: (27) 12-428-8081 Company SAR Mn USD Mn Fax: (27) 12-347-0219 Old Mutual 28,609.2 4,122.5 DIRECT PREMIUMS WRITTEN, 2001 Sanlam 23,545.3 3,392.8 Momentum Group 14,525.2 2,093.0 Total premiums: $20,297 (U.S. $ millions) Investment Nonlife premiums: 3,145 Solutions 13,482.8 1,942.8 Life premiums: 17,152 Liberty Group 11,644.3 1,677.9 PSG Life 9,280.5 1,337.3 Fedsure Life 8,289.4 1,194.5 Metropolitan 5,826.8 839.6 Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data). Investec 5,283.1 761.3 Boe Life 5,051.7 727.9

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POPULATION: 48.324 million (est. July 2002) South Korea

GDP: $865 billion (est. 2001)

ASSOCIATION: Korea Insurance Development LEADING NONLIFE Institute INSURANCE COMPANIES, 2001 35-4 Yoido-dong Written premiums* Youngdeungpo-gu Company WON Bn USD Mn Seoul, South Korea Tel: (82) 2-368-4230 Samsung 5,269.9 4,082.1 Fax: (82) 2-368-4044 Hyundai 2,592.4 2,008.1 http://www.kidi.or.kr Dongbu 2,415.4 1,871.0 LG 2,316.5 1,794.3 CURRENCY: South Korean won (WON) Oriental 1,513.3 1,172.2 First 776.3 601.3 EXCHANGE RATES: South Korean won per U.S. dollar — 1,317.01 (January 2002), Shindongah 719.2 557.1 1,290.99 (2001), 1,130.96 (2000), Ssangyong 718.3 556.4 1,188.82 (1999), 1,401.44 (1998), Seoul Guarantee 665.0 515.1 951.29 (1997) Daehan 474.3 367.4 *Gross written premiums, year ending March 31, REGULATORY BODY: Financial Supervisory Service 2002. 27 Yoido-dong Youngdeungpo-Gu LEADING LIFE Seoul, Korea 150-743 INSURANCE COMPANIES, 2001 Tel: (82) 2-3771-5394 Fax: (82) 2-725-5723 Gross written premiums Company WON Bn USD Mn DIRECT PREMIUMS WRITTEN, 2001 Samsung Life 18,815.3 14,574.3 Korea Life 9,391.3 7,274.5 Total premiums: $50,537 (U.S. $ millions) Kyobo Life 8,730.2 6,762.4 Nonlife premiums: 14,145 Life premiums: 36,392 Allianz 1,982.9 1,535.9 Hungkuk Life 1,318.7 1,021.5 SK Life 1,292.2 1,001.0 Tong Yang Life 1,191.1 922.7 Sources: Swiss Re (premium data); Axco (leading cos.); Kumho Life 992.8 769.0 U.S. Central Intelligence Agency (economic/demographic data). Shinhan Life 847.2 656.2 ING 651.8 504.8

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POPULATION: Spain 40,077,100 (est. July 2002)

GDP: $757 billion (est. 2001)

LEADING NONLIFE ASSOCIATION: Spanish Insurance Company INSURANCE COMPANIES, 2001 Association (UNESPA) Written premiums* Nuniez de Balboa 101 28006 Madrid, Spain Company PTA Bn USD Mn Tel: (34) 91-745-1530 MAPFRE Mutualidad 254.6 1,369.0 Fax: (34) 91-745-1531 Allianz 202.4 1,088.8 AXA Aurora Iberica 155.5 836.1 CURRENCY: euro (EUR); Spanish peseta (PTA) Zurich Espana 143.3 770.6 Winterthur 128.4 690.4 EXCHANGE RATES: euros per U.S. dollar — 1.1324 (January 2002), 1.1175 (2001), Mutua Madrilena Automovilista 96.3 518.0 1.0854 (2000), 0.9386 (1999); Estrella 93.9 504.9 pesetas per U.S. dollar — 149.40 (1998), 146.41 (1997) Catalana Occidente 93.6 503.6 Adeslas 90.0 483.8 REGULATORY BODY: Ministerio de Economia Santa Lucia 88.7 477.0 Direccion General de Seguros y *Gross written premiums. Fondos, de Pensiones Paseo de la Castellana, No. 44 LEADING LIFE 28046 Madrid, Spain INSURANCE COMPANIES, 2001 Tel: (34) 1-339-7110 Fax: (34) 1-339-7113 Gross written premiums

Company PTA Bn USD Mn DIRECT PREMIUMS WRITTEN, 2001 MAPFRE Vida 427.9 2,301.0 Vida Caixa 326.9 1,758.3 Total premiums: $36,441 (U.S. $ millions) SCH Seguros 285.8 1,536.9 Nonlife premiums: 17,077 Life premiums: 19,364 BBVA Seguros 278.6 1,498.5 Aseval 211.0 1,134.6 Bansabadell Vida 197.7 1,063.2 Ascat-Vida 138.7 746.0 Sources: Swiss Re (premium data); Axco (leading cos.); Allianz 127.5 685.9 U.S. Central Intelligence Agency (economic/demographic data). Caser 124.2 667.7 Seguros de Vida y Pensiones Antares 110.7 595.4

86 I.I.I. International Insurance Fact Book 2003 IFB. FINAL5.29.03 5/29/03 2:42 PM Page 87

POPULATION: 19,576,783 (est. July 2002) Sri Lanka

GDP: $62.7 billion (est. 2001)

ASSOCIATION: Insurance Association of Sri Lanka LEADING NONLIFE c/o Union Assurance Ltd. INSURANCE COMPANIES, 2001 Union Assurance Centre Written premiums* 20 St Michaels Rd. Company SLR Mn USD Mn Colombo 3, Sri Lanka Tel: (94) 1-343-061 Sri Lanka 3,961.2 44.3 Ceylinco 1,895.2 21.2 CURRENCY: Sri Lankan rupee (SLR) Union 1,132.7 12.7 Eagle 730.5 8.2 EXCHANGE RATES: Sri Lankan rupees per U.S. dollar — Janashakthi 718.2 8.0 93.383 (January 2002), 89.383 (2001), National 549.8 6.2 77.005 (2000), 70.635 (1999), 64.450 (1998), 58.995 (1997) Asian Alliance 244.7 2.7 Hayleys AIG 61.6 0.7 REGULATORY BODY: Ministry of Finance, Insurance Co-operative 60.7 0.7 Division HNB 11.8 0.1 Lady Lochore Building *Gross written premiums. 100 Sir Chittampatam A. Gardiner Mawatha LEADING LIFE Colombo 02, Sri Lanka INSURANCE COMPANIES, 2001 Tel: (94) 1-342-595 Fax: (94) 1-449-823 Gross written premiums Company SLR Mn USD Mn DIRECT PREMIUMS WRITTEN, 2001 Sri Lanka 2,526.8 28.3 Ceylinco 2,091.9 23.4 Total premiums: $188 (U.S. $ millions) Eagle 1,616.8 18.1 Nonlife premiums: 106 Life premiums: 83 Union 730.4 8.2 Janashakthi 284.0 3.2 National 184.3 2.1 Asian Alliance 45.9 0.5 Sources: Swiss Re (premium data); Axco (leading cos.); Co-operative 11.7 0.1 U.S. Central Intelligence Agency (economic/demographic data). Hayleys AIG 2.3 0.0

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POPULATION: Sweden 8,876,744 (est. July 2002)

GDP: $219 billion (est. 2001)

LEADING NONLIFE ASSOCIATION: Swedish Insurance Association INSURANCE COMPANIES, 2001 Klara Norra Kyrkogata 33 Written premiums* S-111 22 Stockholm, Sweden Tel: (46) 8-783-9890 Company SEK Mn USD Mn Fax: (46) 8-783- 9895 If Skade 8,467.7 924.2 http://www.sff.a.se Folksam Sak 6,765.0 738.4 Trygg-Hansa 5,030.2 549.0 CURRENCY: Swedish krona (SEK) AFA Sjuk 4,867.9 531.3 LF Sak 2,670.1 291.4 EXCHANGE RATES: Swedish kronor per U.S. dollar — 10.4381 (January 2002), LF Stokholm 991.2 108.2 10.3291 (2001), 9.1622 (2000), LF Skane 701.4 76.6 8.2624 (1999), 7.9499 (1998), Holmia 654.6 71.5 7.6349 (1997) SvAngAss 640.1 69.9 AGRIA 578.7 63.2 REGULATORY BODY: Finansinspektionen *Gross earned premiums, including inwards Regeringsgatan 48; PO Box 7831 reinsurance but excluding direct insurance of foreign 10398 Stockholm, Sweden risks. Tel: (46) 8-787-8000 Fax: (46) 8-24-1335

LEADING LIFE INSURANCE COMPANIES, 2001 DIRECT PREMIUMS WRITTEN, 2001

Gross written premiums Total premiums: $16,199 (U.S. $ millions) Company SEK Mn USD Mn Nonlife premiums: 4,153 Alecta 19,146.3 1,853.5 Life premiums: 12,046 Skandia Liv 15,212.5 1,472.7 SkandiaLink 10,156.1 983.2 SPP Liv 9,633.4 932.6 Sources: Swiss Re (premium data); Axco (leading cos.); AMF Pension 9,285.2 898.9 U.S. Central Intelligence Agency (economic/demographic data). SEB TL Fond 9,263.7 896.8 Robur Fors 8,935.3 865.0 KPA Pension 5,447.6 527.4 LF Liv 5,403.7 523.1 Folksam Liv 4,991.6 483.2

88 I.I.I. International Insurance Fact Book 2003 IFB. FINAL5.29.03 5/29/03 2:42 PM Page 89

POPULATION: 7,301,994 (est. July 2002) Switzerland

GDP: $226 billion (est. 2001)

ASSOCIATION: Swiss Insurance Association LEADING NONLIFE CF Meyer-Strasse 14 INSURANCE COMPANIES, 2001 8002 Zurich, Switzerland Written premiums* Tel: (41) 1-208-2828 Company CHF Mn USD Mn Fax: (41) 1-208-2800 http://www.svv.ch Winterthur 2,731.7 1,616.4 Zurich 2,172.8 1,285.7 CURRENCY: Swiss franc (CHF) Swiss Mobilar 1,625.6 961.9 Helsana 1,147.5 679.0 EXCHANGE RATES: Swiss francs per U.S. dollar — Basler 1,123.6 664.9 1.6668 (January 2002), 1.6876 (2001), Elvia 847.5 501.5 1.6888 (2000), 1.5022 (1999), 1.4498 (1998), 1.4513 (1997) CSS 839.2 496.6 Visana 743.2 439.8 REGULATORY BODY: Bundesamt fur Privatversicherungen Generali 580.3 343.4 (Federal Office of Private Insurance) Swiss National 538.1 318.4 Friedheimweg 14 *Gross written premiums. 3003 Bern, Switzerland Tel: (41) 31-322-7911 LEADING LIFE Fax: (41) 31-323-7156 INSURANCE COMPANIES, 2001

DIRECT PREMIUMS WRITTEN, 2001 Gross written premiums Company CHF Mn USD Mn Total premiums: $31,442 (U.S. $ millions) Winterthur Leben 8,321.8 4,927.7 Nonlife premiums: 11,781 Rentenanstalt 8,025.1 4,752.0 Life premiums: 19,661 Zurich Leben 3,350.9 1,984.2 Basler Leben 2,885.9 1,708.9 Patria 2,169.8 1,284.8

Sources: Swiss Re (premium data); Axco (leading cos.); Generali 1,267.2 750.3 U.S. Central Intelligence Agency (economic/demographic data). Providentia 1,021.5 604.9 Elvia Leben 940.6 557.0 Genevoise Vie 848.5 502.4 Pax 762.2 451.3

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POPULATION: Taiwan 22,548,009 (est. July 2002)

GDP: $386 billion (est. 2001)

LEADING NONLIFE ASSOCIATION: Taipei Insurance Association INSURANCE COMPANIES, 2001 2, Taipei, Taiwan Written premiums* Tel: (886) 2-2507-1566 Fax: (886) 2-2507-4095 Company TWD Mn USD Mn Fubon 17,943.5 530.9 ASSOCIATION: Life Insurance Association of the Mingtai 8,286.3 245.2 Republic of China Shin Kong 6,774.5 200.4 152, Sung Chiang Road Central 5,594.5 165.5 Taipei, Taiwan Taian 5,019.9 148.5 Tel: (886) 2-25612144 Fax: (886) 2-2567294 Tong Tai 4,718.0 139.6 http://www.lia-roc.org.tw/ Zurich 4,640.9 137.3

Chung Kuo 4,349.6 128.7 CURRENCY: new Taiwan dollar (TWD) First 4,103.5 121.4 Union 4,101.4 121.3 EXCHANGE RATES: new Taiwan dollars per U.S. dollar — *Gross written premiums. 34.494 (yearend 2001), 33.082 (yearend 2000), 31.395 (yearend 1999), 32.216 (1998), LEADING LIFE 32.052 (1997), 27.5 (1996) INSURANCE COMPANIES, 2000

Gross written premiums REGULATORY BODY: Department of Insurance, Ministry of Company TWD Mn USD Mn Finance Cathay Life 204,840.0 6,557.0 2, Ai-kuo West Rd. Taipei, Taiwan Nan Shan Life 107,610.3 3,444.6 Tel: (886) 2-322-8236 Shin Kong Life 100,820.5 3,227.3 Fax: (886) 2-393-5097 Aetna 46,748.1 1,496.4 Kuo Hua Life 31,593.6 1,011.3 DIRECT PREMIUMS WRITTEN, 2001 Mercuries Life 18,851.1 603.4 Taiwan Life 18,729.8 599.5 Total premiums: $24,253 (U.S. $ millions) Nonlife premiums: 7,299 Fubon Life 14,930.0 477.9 Life premiums: 16,953 China Life 11,763.3 376.5 Life Ins. Dept. of CTC 10,871.8 348.0

Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).

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POPULATION: 62,354,402 (est. July 2002) Thailand

GDP: $410 billion (est. 2001)

ASSOCIATION: General Insurance Association LEADING NONLIFE 223 Soi Ruam Rudee INSURANCE COMPANIES, 2000 Wireless Road Written premiums* Bangkok 10330, Thailand Company THB Mn USD Mn Tel: (66) 256-6032-8 Fax: (66) 256-6039-40 Viriyah 6,783.1 169.1 http://www.gaif.org/ Bangkok 3,747.8 93.4 Dhipaya 3,423.4 85.3 CURRENCY: baht (THB) Synmunkong 2,016.4 50.3 The Safety 1,773.3 44.2 EXCHANGE RATES: baht per U.S. dollar — CGU Insurance 1,520.6 37.9 43.982 (January 2002), 43.432 (2001), 40.112 (2000), 37.814 (1999), Sampanth 1,431.7 35.7 41.359 (1998), 31.364 (1997) New Hampshire 1,400.9 34.9 South East 1,327.2 33.1 REGULATORY BODY: Department of Insurance Liberty 1,318.7 32.9 Ministry of Commerce *Gross written premiums. 44/100 Sanambinnam Road Nonthaburi, 11000 Thailand LEADING LIFE Tel: (66) 254-7454-4 INSURANCE COMPANIES, 2000 Fax: (66) 254-7454-6 Gross written premiums DIRECT PREMIUMS WRITTEN, 2001 Company THB Mn USD Mn A.I.A. 37,068.0 924.1 Total premiums: $3,366 (U.S. $ millions) Thai Life 14,590.8 363.8 Nonlife premiums: 1,239 Ayudhya CMG 6,085.6 151.7 Life premiums: 2,127 Ocean 5,569.1 138.8 Muang Thai 3,941.6 98.3 Bangkok 2,713.3 67.6

Sources: Swiss Re (premium data); Axco (leading cos.); South East 1,104.5 27.5 U.S. Central Intelligence Agency (economic/demographic data). Thai Prasit 1,079.3 26.9 Siam Commercial 841.7 21.0 Interlife John Hancock 489.3 12.2

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POPULATION: Trinidad 1,163,724 (est. July 2002) and Tobago GDP: $10.6 billion (est. 2001)

LEADING NONLIFE ASSOCIATION: Association of Trinidad and Tobago INSURANCE COMPANIES, 2000 Insurance Companies Written premiums* 22 Cotton Hill Company TTD Mn USD Mn St. Claire Port of Spain, Trinidad ALGICO 206.8 32.8 Tel: (868) 622-6883 CHIC 130.8 20.8 Fax: (868) 622-2111 NEMWIL 102.6 16.3 COLFIRE 90.5 14.4 CURRENCY: Trinidad and Tobago dollar (TTD) Maritime 85.5 13.6 EXCHANGE RATES: Trinidad and Tobago dollars per TATIL 80.3 12.7 U.S. dollar — Royal 28.2 4.5 6.2466 (January 2002), Capital 26.6 4.2 6.2332 (2001), 6.2998 (2000), Gulf 17.1 2.7 6.2989 (1999), 6.2983 (1998), Presidential 15.0 2.4 6.2517 (1997) *Gross written premiums. REGULATORY BODY: Office of the Supervisor of Insurance Eleventh Floor, Eric Williams Finance LEADING LIFE INSURANCE COMPANIES, 2000 Building St. Vincent Street Gross written premiums Port of Spain, Trinidad Company TTD Mn USD Mn CLICO 946.1 150.2 DIRECT PREMIUMS WRITTEN, 2001 Guardian Life 245.4 39.0 Total premiums: $469 (U.S. $ millions) The Mutual 150.3 23.9 Nonlife premiums: 133 ALGICO 76.8 12.2 Life premiums: 336 Maritime Life 76.2 12.1 TATIL 72.4 11.5 CUNA 22.4 3.6 Life of Barbados 19.2 3.1 Sources: Swiss Re (premium data); Axco (leading cos.); Bancassurance 10.3 1.6 U.S. Central Intelligence Agency (economic/demographic data). Nationwide 8.3 1.3

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POPULATION: 9,815,644 (est. July 2002) Tunisia

GDP: $64.5 billion (est. 2001)

ASSOCIATION: Federation Tunisienne des Societes LEADING NONLIFE d’Assurance (FTUSA) INSURANCE COMPANIES, 2000 9 bis Rue de Nouvelle Delhi Written premiums* 1002 Tunis, Tunisia Company TND Mn USD Mn Tel: (216) 071-285-533 Fax: (216) 071-286-473 STAR 147.2 107.4 COMAR 42.0 30.6 ASSOCIATION: General Arab Insurance Federation GAT 38.3 27.9 8, Kaser El Nil Street MAGHREBIA 30.5 22.2 PO Box 611 ASTREE 30.0 21.9 Cairo, 11511, Egypt CARTE 28.2 20.6 Tel: (20) 2-574-3177 Fax: (20) 2-576-2310 EL-ITTIHAD 27.9 20.3 http://www.gaif.org/ LLOYD 16.1 11.8 MAE 14.6 10.6 CURRENCY: Tunisian dinar (TND) CTAMA 12.9 9.4 *Gross written premiums. EXCHANGE RATES: Tunisian dinars per U.S. dollar — 1.44 (January 2002), 1.3753 (2001), LEADING LIFE 1.3707 (2000), 1.1862 (1999), INSURANCE COMPANIES, 2000 1.1387 (1998), 1.1059 (1997) Gross written premiums REGULATORY BODY: Ministere des Finances Company TND Mn USD Mn Direction Generale des Assurances SALIM 6.6 4.8 113 Avenue de la Liberte HAYETT 6.3 4.6 Tunis, Tunisia Tel: (216) 1-795-210 MAGHREBIA 5.5 4.0 Fax: (216) 1-795-821 GAT 3.8 2.8 STAR 2.6 1.9 DIRECT PREMIUMS WRITTEN, 2001 COMAR 2.6 1.9 ASTREE 2.1 1.6 Total premiums: $320 (U.S. $ millions) CARTE 1.9 1.4 Nonlife premiums: 292 AMINA 1.8 1.3 Life premiums: 28 EL-ITTIHAD 1.1 0.8 MAE 0.9 0.7 MGA 0.5 0.4 Sources: Swiss Re (premium data); Axco (leading cos.); LLOYD 0.4 0.3 U.S. Central Intelligence Agency (economic/demographic data).

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POPULATION: Turkey 67,308,928 (est. July 2002)

GDP: $443 billion (est. 2001)

LEADING NONLIFE ASSOCIATION: Association of Insurance and INSURANCE COMPANIES, 2001 Reinsurance Companies of Written premiums* Turkey Buyukdere Cad. Company TRL Bn USD Mn Buyukdere Plaza No 195 Kat 1-2 AXA Oyak 210,814.8 172.0 80620 Levant Koc Allianz 188,495.0 153.8 Istanbul, Turkey Anadolu Tel: (90) 212-324-1950 Anonim Turk 176,382.0 143.9 Fax: (90) 212-325-6108 Yapi Kredi 171,738.0 140.1 http://www.tsrsb.org.tr/private/ Aksigorta 144,823.0 118.2 eng/index.html Gunes 129,577.0 105.7 Basak 105,462.0 86.1 CURRENCY: Turkish lira (TRL) Isvicre 104,675.0 85.4 EXCHANGE RATES: Turkish liras per U.S. dollar — Ray 72,770.0 59.4 1,223,140 (January 2002), Commercial 1,223,140 (2001), 625,219 (2000), Union 68,265.0 55.7 *Gross written premiums. For some companies, 418,783 (1999), 260,724 (1998), healthcare business is written by a separate company 151,865 (1997) and therefore not included. REGULATORY BODY: Insurance Supervisory Board Prime Ministry, Undersecretariat of LEADING LIFE Treasury INSURANCE COMPANIES, 2001 Inonu Cad. Hazine Binasi, D-Blok kat Gross written premiums 06510 Emek Company TRL Bn USD Mn Ankara, Turkey Tel: (90) 312-212-8206 Anadolu Hayat 109,324.0 89.2 Fax: (90) 312-212-0265 Yapi Kredi Yasam 81,329.0 66.4 Commercial Union Hayat 52,543.0 42.9 DIRECT PREMIUMS WRITTEN, 2001 Koc Allianz Hayat 37,352.0 30.5 Total premiums: $2,034 (U.S. $ millions) AXA Oyak Hayat 33,667.0 27.5 Nonlife premiums: 1,660 Gunes Hayat 22,515.0 18.4 Life premiums: 375 American Life Hayat 20,483.0 16.7 Basak Hayat 16,320.0 13.3 Genel Yasam 12,751.0 10.4 Sources: Swiss Re (premium data); Axco (leading cos.); Garanti Hayat 11,814.0 9.6 U.S. Central Intelligence Agency (economic/demographic data).

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POPULATION: 48,396,470 (est. July 2002) Ukraine

GDP: $205 billion (est. 2001)

CURRENCY: hryvnia (HRY) LEADING NONLIFE INSURANCE COMPANIES, 2001

EXCHANGE RATES: hryvnia per U.S. dollar — Written premiums* 5.3126 (January 2002), 5.3722 (2001), Company HRY Mn USD Mn 5.4402 (2000), 4.1304 (1999), 2.4495 (1998), 1.8617 (1997) Lemma 252.5 47.0 Oranta 190.2 35.4 REGULATORY BODY: Insurance Supervisory Authority Motor-Garant 139.6 26.0 Dept of Financial Markets and AKB Garant 108.2 20.2 Organisations Credo-Classic 105.8 19.7 Marini Raskovoi, 11 IG "TAS" 93.0 17.3 02002 Kiev, Ukraine Tel: (380) 044-516-8763 Ostra-Kyiv 70.5 13.1 Fax: (380) 044-516-8763 Garant Auto 67.9 12.6 ASKA 56.3 10.5 DIRECT PREMIUMS WRITTEN, 2001 Veksel-FSA 47.2 8.8 *Gross written premiums for direct business only. Total premiums: $564 (U.S. $ millions) Nonlife premiums: 561 LEADING LIFE Life premiums: 3 INSURANCE COMPANIES, 2001

Gross written premiums Company HRY Mn USD Mn Sources: Swiss Re (premium data); Axco (leading cos.); Grawe Ukraina 6.7 3.6 U.S. Central Intelligence Agency (economic/demographic data). Nadiya 1.6 0.9 Ekko 1.5 0.8 TAS 1.4 0.8 Jupiter 1.1 0.6 Aska Zhittya 0.7 0.4 Arta 0.3 0.2 Garant Life 0.3 0.2 UPSK Zhittya 0.1 0.0

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POPULATION: United Arab 2,445,989 (est. July 2002) Emirates (UAE) GDP: $51 billion (est. 2001)

LEADING NONLIFE ASSOCIATION: Emirates Insurance Association INSURANCE COMPANIES, 2001 Al-Dhafra Insurance Building, Zayed 2 Street Note: The market leader is Abu Dhabi PO Box 7755 National Insurance Co. (ADNIC). Its premi- Abu Dhabi, United Arab Emirates um income in 2001 was 418.66 AED Mn. Tel: (971) 2-6771-444 Fax: (971) 2-6772-444

ASSOCIATION: General Arab Insurance Federation 8, Kaser El Nil Street PO Box 611 LEADING LIFE Cairo, 11511, Egypt INSURANCE COMPANIES Tel: (20) 2-574-3177 Data not available. Fax: (20) 2-576-2310 http://www.gaif.org/

CURRENCY: Emirati dirham (AED)

EXCHANGE RATES: Emirati dirhams per U.S. dollar — central bank mid-point rate: 3.6725 (since 1997), 3.6710 (1995-96)

REGULATORY BODY: The Ministry of Economy & Commerce PO Box 901 Abu Dhabi, United Arab Emirates Tel: (971) 2-205-000 Fax: (971) 2-215-339

DIRECT PREMIUMS WRITTEN, 2001

Total premiums: $801 (U.S. $ millions) Nonlife premiums: 652 Life premiums: 149

Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).

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POPULATION: 59,778,002 (est. July 2002) United Kingdom

GDP: $1.47 trillion (est. 2001)

ASSOCIATION: Association of British Insurers LEADING NONLIFE 51 Gresham Street INSURANCE COMPANIES, 2000 London EC2V 7HQ, United Kingdom Written premiums* Tel: (44) 207-600-3333 Company GBP Mn USD Mn Fax: (44) 207-600-8999 http://www.abi.org.uk CGNU 3,844.0 5,824.2 Royal & SunAlliance 3,119.0 4,725.8 CURRENCY: British pound (GBP) AXA 1,786.0 2,706.1

EXCHANGE RATES: British pounds per U.S. dollar — ZFS Group 1,688.0 2,557.6 0.6981 (January 2002), 0.6944 (2001), Cornhill 992.0 1,503.0 0.6596 (2000), 0.6180 (1999), Credit Suisse 930.0 1,409.1 0.6037 (1998), 0.6106 (1997) BUPA 879.0 1,331.8 NFU Group 616.0 933.3 REGULATORY BODY: Insurance and Firms Division The Financial Services Authority Direct Line 526.0 797.0 25 The North Colonnade GE Insurance 492.0 745.5 Canary Wharf *Net premiums written. London E14 5H5, United Kingdom Tel: (44) 207-676-1000 LEADING LIFE Fax: (44) 207-676-1099 INSURANCE COMPANIES, 2000

DIRECT PREMIUMS WRITTEN, 2001 Gross written premiums Company GBP Mn USD Mn Total premiums: $218,380 (U.S. $ millions) Barclays 31,408.0 50,658.1 Nonlife premiums: 65,664 CGNU 8,421.0 13,582.3 Life premiums: 152,717 Prudential 7,675.0 12,379.0 Lloyds TSB 5,672.0 9,148.4 Standard Life 4,892.0 7,890.3 Abbey National Sources: Swiss Re (premium data); Axco (leading cos.); Group 4,242.0 6,841.9 U.S. Central Intelligence Agency (economic/demographic data). American Life 3,925.0 6,330.6 AXA Sun Life 3,757.0 6,059.7 AEGON Group 3,716.0 5,993.5 Morgan Grenfell 3,702.0 5,971.0

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POPULATION: United States 280,562,489 (est. July 2002)

GDP: $10.082 trillion (est. 2001)

LEADING NONLIFE ASSOCIATION: Insurance Information Institute INSURANCE COMPANIES, 2001 110 William Street Written premiums* New York, NY 10038 United States Company USD Mn Tel: (212) 346-5500 State Farm Group 37,526.6 Fax: (212) 791-1807 Zurich/Farmers Group 21,315.8 http://www.iii.org Allstate Insurance Group 20,512.9 American International ASSOCIATION: American Council of Life Insurers Group 15,454.8 101 Constitution Avenue, NW CNA Insurance Companies 12,357.7 Washington, DC 20001-2133 Travelers/Citigroup United States Companies 11,933.5 Tel: (202) 624-2000 Nationwide Group 10,948.9 Fax: (202 )624-2000 Liberty Mutual http://www.acli.org Insurance Cos. 9,544.5 The Hartford Insurance Group 7,664.7 CURRENCY: US dollar (USD) Berkshire Hathaway Ins. Group 7,404.6 REGULATORY BODY: National Association of Insurance *Direct preimums written (before reinsurance Commissioners transactions, excluding state funds). Executive Headquarters 2301 McGee Street, Suite 800 Kansas City, MO 64108-2604 LEADING LIFE INSURANCE COMPANIES, 2001 United States Tel: (816) 842-3600 Gross written premiums Fax: (816) 783-8175 Company USD Mn AIG 23,330.2 DIRECT PREMIUMS WRITTEN, 2001 Metropolitan Life & Affiliated 23,228.1 Total premiums: $904,021 (U.S. $ millions) ING 18,893.1 Nonlife premiums: 460,608 AEGON 18,013.0 Life premiums: 443,413 Hartford Life Inc 17,454.4 Prudential of America 15,005.4 Nationwide 14,496.3 Sources: Swiss Re (premium data); A.M. Best Company/Insurance Information New York Life 13,805.6 Institute (leading cos.); U.S. Central Intelligence Agency (economic/ GE Financial 11,376.9 demographic data). MassMutual Financial 11,193.7

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POPULATION: 3,386,575 (est. July 2002) Uruguay

GDP: $31 billion (est. 2001)

ASSOCIATION: Uruguayan Association of Insurance LEADING NONLIFE Companies INSURANCE COMPANIES, 1999 Juncal 1305 Written premiums* 11.000 Montevideo, Uruguay Company UGY Mn USD Mn Tel: (598) 2-916-1465 Banco de Seguros Fax: (598) 2-916-5991 del Estado 2,929.9 258.4 Royal & SunAlliance 295.4 26.1 CURRENCY: Uruguayan peso (UGY) Porto Seguro- Seguros 171.8 15.2 EXCHANGE RATES: Uruguayan pesos per U.S. dollar — Mapfre Uruguay 112.8 9.9 14.3325 (January 2002), FAR 57.5 5.1 13.3191 (2001), 12.0996 (2000), 11.3393 (1999), 10.4719 (1998), Sul America Surinvest 50.4 4.4 9.4418 (1997) Guardian Insurance 47.6 4.2 Real Uruguaya 45.5 4.0 REGULATORY BODY: Superintendencia de Seguros y AIG Uruguay 41.8 3.7 Reaseguros AXA Seguros 27.3 2.4 Banco Central de Uruguay *Gross written premiums. Paysandu Esq. Florida, Piso 8 Montevideo, Uruguay Tel: (598) 2-903-0651 LEADING LIFE INSURANCE COMPANIES, 1999 Fax: (598) 2-902-8713 Gross written premiums DIRECT PREMIUMS WRITTEN, 2001 Company UGY Mn USD Mn Banco de Seguros Total premiums: $386 (U.S. $ millions) del Estado 406.9 38.9 Nonlife premiums: 314 Real Uruguaya 113.0 10.8 Life premiums: 72 ITT Hartford 103.5 9.9 Cooperativa de Seguros Surco 46.5 4.4 Santander 20.2 1.9 Sources: Swiss Re (premium data); Axco (leading cos.); ALICO Compania 17.7 1.7 U.S. Central Intelligence Agency (economic/demographic data). Metroplitan Life 9.0 0.9 Jefferson Pilot Omega 1.8 0.2

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POPULATION: Venezuela 24,287,670 (est. July 2002)

GDP: $146.2 billion (est. 2001)

LEADING NONLIFE ASSOCIATION: Association of Insurance Companies INSURANCE COMPANIES, 2000 of Venezuela Written premiums* Torre Taeca, Piso 2 Av Guaicaipuro Company VEB Bn USD Mn Urbanizacion El Rosal Caracas C.A. Seguros (Liberty Mutual) 83.7 123.2 Caracas, Venezuela Seguridad, C.A. Tel: (58) 2-12-952-4411 Seguros La 75.5 111.0 Fax: (58) 2-12-951-3268 Multinacional, C.A. http://www.camaraseg.org/ de Seguros 71.5 105.2 Adriatica, C.A. de Seguros 67.5 99.3 CURRENCY: bolivar (VEB) Orinoco, C.A. Seguros 59.6 87.6 Mercantil, C.A. Seguros 51.8 76.1 EXCHANGE RATES: bolivares per U.S. dollar — 761.225 (January 2002), Panamerican, C.A. Seguros 45.3 66.6 723.666 (2001), 679.960 (2000), Sud America, S.A. Seguros 44.4 65.3 605.717 (1999), 547.556 (1998), Nuevo Mundo, C.A. Seguros 42.7 62.8 488.635 (1997) Catatumbo, C.A. Seguros 32.7 48.1 *Gross written premiums. REGULATORY BODY: Superintendencia de Seguros Avenida Venzuela LEADING LIFE Torre del Desarrollo INSURANCE COMPANIES, 2001 El Rosal, Caracas D.F., 1060, Venezuela Gross written premiums Tel: (58) 2-12-954-0943 Company VEB Bn USD Mn Multinacional de DIRECT PREMIUMS WRITTEN, 2001 Seguros C.A. 98.6 136.3

Horizonte, C.A. Seguros 85.4 118.1 Total premiums: $2,726 (U.S. $ millions) Seguridad C.A. Nonlife premiums: 2,639 Seguros La 74.0 102.3 Life premiums: 86 Caracas C.A. Seguros (Liberty Mutual) 68.4 94.5 Previsora, C.N.A. de Seguros La 61.4 84.8

Bancentro C.A. Seguros 61.3 84.6 Sources: Swiss Re (premium data); Axco (leading cos.); Banvalor C.A. Seguros 48.1 66.4 U.S. Central Intelligence Agency (economic/demographic data). Capitolio, C.A. de Seguros 39.8 55.0 Panamerican C.A. Seguros (Liberty Mutual) 38.5 53.2 Orinoco C.A. Seguros 26.2 36.3

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POPULATION: 81,098,416 (est. July 2002) Vietnam

GDP: $168.1 billion (est. 2001)

ASSOCIATION: Vietnam Insurance Association LEADING NONLIFE 8th Floor, 141 Le Duan INSURANCE COMPANIES, 2001 Hanoi, Vietnam Written premiums* Tel: (84) 4-942-2602 Company VND Bn USD Mn Fax: (84) 4-942-2601 Bao Viet 1,111.3 75.5

CURRENCY: dong (VND) Bao Minh 574.7 39.0 PVIC 176.3 12.0 EXCHANGE RATES: dong per U.S. dollar — PJICO 139.2 9.5 15,085 (January 2002), 14,725 (2001), PTI 92.1 6.3 14,168 (2000), 13,943 (1999). UIC 60.0 4.1 13,268 (1998), 11,683 (1997) Allianz/AGF 53.5 3.6

REGULATORY BODY: Insurance and Reinsurance VIA 36.4 2.5 Supervisory Authority Boa Long 25.7 1.7 Ministry of Finance Insurance Viet Uc 12.9 0.9 Supervisory Division *Gross written premiums. Socialist Republic of Vietnam Phan Huy Chu Street LEADING LIFE Hanoi, Vietnam INSURANCE COMPANIES, 2001 Tel: (84) 4-826-0705 Fax: (84) 4-824-1429 Gross written premiums Company VND Bn USD Mn DIRECT PREMIUMS WRITTEN, 2001 Bao Viet 1,507.4 102.4 Prudential 828.9 56.3 Total premiums: $315 (U.S. $ millions) Manulife 302.0 20.5 Nonlife premiums: 146 Life premiums: 169 AIA 106.8 7.3 Baominh CMG 40.7 2.8

Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).

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POPULATION: Yugoslavia 10,656,929 (est. July 2002)

GDP: $24 billion (est. 2001)

LEADING NONLIFE ASSOCIATION: Assocation of Yugoslav Insurance INSURANCE COMPANIES, 1999 Companies Written premiums* 29 Novembra 68b, Mezanin II 11000 Belgrade, Yugoslavia Company YUD Mn USD Mn Tel: (381) 011-767-199 Dunav 1,747.2 158.8 Fax: (381) 011-752-936 DDOR Novi Sad 1,744.5 158.6 Evropa 360.8 32.8 CURRENCY: new Yugoslav dinar (YUD); note - in Lovcen 213.6 19.4 Montenegro the euro is legal tender; Globos 127.0 11.5 in Kosovo both the euro and the Yugoslav dinar are legal (2002) Sim 108.6 9.9 Kopaonik 94.0 8.5 EXCHANGE RATES: new Yugoslav dinars per Stari Grad 88.7 8.1 U.S. dollar — Takovo 56.7 5.2 official rate: 65 (January 2002), Ekos 53.2 4.8 10.0 (December 1998), *Invoiced premiums. 5.85 (December 1997), 5.02 (September 1996); black market rate: 14.5 (December1998), 8.9 (December 1997)

LEADING LIFE INSURANCE COMPANIES REGULATORY BODY: Federal Ministry of Finance Insurance Supervisory Department Data not available. Bulevar Lenjina 2/V New Belgrade, Yugoslavia Tel: (381) 011-222-4240 Fax: (381) 011-311-1702

DIRECT PREMIUMS WRITTEN, 2001

Total premiums: $279 (U.S. $ millions) Nonlife premiums: 277 Life premiums: 2

Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).

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POPULATION: 11,376,676 (est. July 2002) Zimbabwe

GDP: $28 billion (est. 2001)

ASSOCIATION: Insurance Council of Zimbabwe LEADING NONLIFE Bothwell House INSURANCE COMPANIES, 2000 66 Jason Moyo Avenue Written premiums* Harare, Zimbabwe Company ZWD Mn USD Mn Tel: (263) 4-708-031 Fax: (263) 4-706-568 Zimnat Lion 1,281.4 29.6 RM Insurance 849.6 19.6 CURRENCY: Zimbabwean dollar (ZWD) NICOZ 753.3 17.4 Diamond 552.5 12.8 EXCHANGE RATES: Zimbabwean dollars AIG 549.7 12.7 per U.S. dollar — CGU 433.4 10.0 54.9451 (December 2001), 54.9451 (2001), 43.2900 (2000), Eagle 328.3 7.6 38.3142 (1999), 21.4133 (1998), Standard Fin Gen 256.8 5.9 11.8906 (1997) Heritage 175.7 4.1 *Gross written premiums. REGULATORY BODY: Commissioner of Insurance Sanders House LEADING LIFE Cnr First St./J. Moyo Ave. INSURANCE COMPANIES, 2000 Private Bag 7705, Causeway Harare, Zimbabwe Gross written premiums Tel: (263) 4-757730 Company ZWD Mn USD Mn Fax: (263) 4-757734 Old Mutual 5,523.8 127.6 First Mutual Life 981.8 22.7 DIRECT PREMIUMS WRITTEN, 2001 Zimnat Life 477.5 11.0 Southampton 426.9 9.9 Total premiums: $314 (U.S. $ millions) Nonlife premiums: 162 Fidelity Life 212.6 4.9 Life premiums: 153 IGI Life 21.1 0.5 CU 17.0 0.4 Southern Life 9.3 0.2

Sources: Swiss Re (premium data); Axco (leading cos.); U.S. Central Intelligence Agency (economic/demographic data).

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AFRICA

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ASIA

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AUSTRAL- ASIA

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CENTRAL AMERICA

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EUROPE

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NORTH AMERICA

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SOUTH AMERICA

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Resources

IN T E R N A TIONAL

Association of Superintendents of Insurance of Latin America • c/o Superintendencia de Val o r es y Seguros, Chile, Av. Libertador Berna r do O’Higgins 1449, PISO 11, 834-0518 Santiago, Chile. Tel. 56-2-473 4000. Fax. 56-2-473 4101 http://www.a s s a l w e b . o r g/ — In t e r national body that brings together the highest reg u l a t o r y authorities in the Latin American insurance field. Comprised of 20 Latin American countries in addition to two associate members, Spain and Portu g a l .

Axco • 1250 24th Street NW, Suite 350, Washington DC 20037. Tel. 202-776-7704. Fax. 202-248-6935 http://www.axcoinfo.com/ — Research firm providing detailed insurance, he a l t h c a r e and pensions market information on 140 countries.

Be s t ’ s Insight - Global • c/o A.M. Best Company Inc. • Ambest Rd., Oldwick, NJ 08858. Tel. 908-439-2200. Fax. 908-439-2237. http://www.ambest.com – A comprehensive direc t o r y of over 2,300 international insurance companies produced on CD ROM.

Captive Insurance Companies Association • 4248 Park Glen Rd. Minneapolis, MN 55416 Tel. 952-928-4655. Fax. 952-929-1318. http://www.captiveassociation.com — Orga n i z a t i o n that disseminates information useful to firms that utilize the captive insurance company concept to solve corporate insurance prob l e m s .

Comité Européen des Assurances • 3 bis, rue de la chaussée d’Antin, 75009 Paris, France. Tel. 33-1-44-83-11-83. Fax. 33-1-47-70-03-75. http://www.c e a . a s s u r. o r g/ — Membership or ganization of 30 national associations, rep r esenting the common interests of Europ e a n in s u r ers. Publishes European Insurance Data, an annual statistical review of the Europ e a n ma r k e t .

Geneva Association • 53 Route de Malagnou, CH-1208 Geneva, Switzerland. Tel. 41-22-707 66 00. Fax. 41-22-736 75 36. http://www.g e n e v a a s s o c i a t i o n . o r g/ — Wor l d or ganization formed by some 80 chief executive officers of leading insurance companies in Eu r ope, North America, South America, Asia, Africa and Australia. Its main goal is to res e a r ch the growing economic importance of worldwide insurance activities in the major sectors of the economy. Produces The Geneva Papers and other publications.

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RESOURCES

Insurance Services Network • PO Box 455, Lake Forest, IL 60045. Tel. 847-234-4762. Fax. 847-295-2608. http://www.isn-inc.com/ — Independent insurance information company of fering international industry news and analyses of the reg u l a t o r y climate in dozens of countries. Publishes Insurance Research Letter.

In t e r national Association of Insurance Supervisors • c/o Bank for Interna t i o n a l Settlements, CH-4002 Basel, Switzerland. Tel. 41-61-225-73-00. Fax. 41-61-280-91-51. ht t p : / / w w w. i a i s w e b . o r g — Represents insurance supervi s o r y authorities of some 100 jurisdictions. Promotes cooperation among members and sets international standards for insurance supervision.

In t e r national Federation of Risk and Insurance Management Associations, Inc. • c/o Risk and Insurance Management Society, Inc., 655 Third Ave., 2nd Fl., New York, NY 10017. Tel. 212-286-9292. Fax. 212-986-9716. http://www.r i m s . o r g/ifrima/ — Wor l d w i d e um b r ella organization dedicated to the advancement of risk management and its practice th r ough education and interaction.

In t e r national Insurance Society, Inc. • 101 Murray St., New York, NY 10007. Tel. 212-815-9290. Fax. 212-815-9297. http://www.i i s o n l i n e . o r g — Nonprofit membership or ganization whose mission is to facilitate international understanding, the transfer of ideas and innovations and the development of personal networks across insurance markets th r ough a joint effo r t of leading executives and academics throughout the world.

In t e r national Social Security Association • c/o PREVENT, Rue Gachardstraat 88 b 4, 1050 Brussels, Belgium. Tel. 32-2-643-44-92. Fax. 32-2-643-44-90. ht t p : / / i n f o rm a t i o n . p r evention.issa.int/ — Nonprofit international organization consisting of institutions and administrative bodies dealing with one or more aspects of social security in di ff e r ent countries of the world.

In t e r national Trade Administration • U.S. Department of Commerce, 1401 Constitution Ave., Washington, DC 20230. Tel. 800-872-8723. Fax. 202-482-6097. ht t p : / / w w w .ita.doc.gov — Division of the U.S. Department of Commerce that helps U.S. businesses participate in the growing global marketplace.

Or ganisation for Economic Co-operation and Development (OECD) • 2, rue André Pascal, 75775 Paris Cedex 16, France. Tel. 33-1-45-24-82-00. Fax. 33-1-45-24-19-50. ht t p : / / w w w. o e c d . o r g/ — International organization of the industrialized, market-economy countries. The OECD publishes numerous rep o r ts, including the Insurance Statistics Yea r b o o k .

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RESOURCES

Or ganisation for Economic Co-operation and Development (OECD), Washington Center • 2001 L St., NW, Suite 650, Washington, DC 20036-4922. Tel. 202-785-6323. Fax. 202-785- 0350. http://www.o e c d w a s h . o r g — Set up in 1966 to market the publications of the OECD in the United States and to serve as an information center for the U.S. market. The Center is engaged in public outreach activities and acts as a liaison office to the U.S. legislative and executive branches.

Overseas Private Investment Corporation • 1100 New York Ave., NW, Washington, DC 20527. Tel. 202-336-8400. Fax. 202-408-5142. http://www.opic.gov — Self-sustaining U.S. go v e r nment agency providing political risk insurance and finance services for U.S. investment in developing countries.

sigma • c/o Swiss Re, Mythenquai 50/60, PO Box 8022, Zurich, Switzerland. Tel. 41-43-285-2121. Fax. 41-43-285-2999. http://www.s w i s s r e.com — The si g m a pu b l i c a t i o n series provides comprehensive information on the international insurance markets and in- depth analyses of economic trends and strategic issues in insurance, reinsurance and financial services, covering life and nonlife business.

TOPICS • c/o Munich Re, 80791 Munich, Germa n y . Tel. 49-89-38-91-0. ht t p : / / w w w. m u n i c h r e.com — This semi-annual publication looks at current topics and tren d s in the insurance industry.

Weather Risk Management Association • 1156 15th St., NW, Suite 900, Washington, DC 20005. Tel. 202-289-3800. Fax. 202-393-0336. http://wrma . o r g — The goal of this association is to serve the weather risk management industry by providing forums for discussion and interaction with others associated with financial weather prod u c t s .

World Fact Book • c/o Central Intelligence Agency (CIA), Washington, DC 20505. Tel. 703-482-0623. Fax. 703-482-1739. http://www.c i a . g o v / c i a / p u b l i c a t i o n s / factbook/index.html — Produced by the CIA’s Directorate of Intelligence, the fact book is a co m p r ehensive res o u r ce of facts and statistics on more than 250 countries and other entities.

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RESOURCES

U.S. ORGANIZA TI O N S

Alliance of American Insurers • 3025 Highland Pkwy., Suite 800, Downers Grove, IL 60515. Tel. 630-724-2131. Fax. 630-724-2190. http://www.a l l i a n c e a i . o r g — Trade association of pro p e r ty/casualty insurers providing educational, legislative, promotional, and safety servi c e s to its members.

American Council of Life Insurers (ACLI) • 101 Constitution Ave., NW, Washington, DC 20001-2133. Tel. 202-624-2000. Fax. 202-624-2317. http://www.acli.com/ — Trade association responsible for the public affairs, government, legislative and res e a r ch aspects of the life insurance business.

American Insurance Association (AIA) • 1130 Connecticut Ave. NW, Suite 1000, Washington, DC 20036. Tel. 202-828-7100. Fax. 202-293-1219. http://www.a i a d c . o r g — Trade and service organization for prop e r ty/casualty insurance companies. Provides a forum for the discussion of problems; provides safety, promotional and legislative services.

Health Insurance Association of America • 1201 F Street, NW Suite 500, Washington, DC 20004-1204. Tel. 202-824-1600. Fax. 202-824-1722. http://www.h i a a . o r g/ — Central source of health insurance information, responsible for public relations, government rel a t i o n s , legislation and res e a r ch on behalf of the private commercial health insurance industry.

Insurance Information Institute (I.I.I.) • 110 William St., New York, NY 10038. Tel. 212-346-5500. Fax. 212-791-1807. http://www.i i i . o r g — A primary source for informa t i o n , analysis, and ref e r ence on insurance subjects.

Insurance Services Office, Inc. (ISO) • 545 Washington Blvd., Jersey City, NJ 07310-1686. Tel. 800-888-4476. Fax. 201-748-1472. http://www.iso.com — Provides statistical informa t i o n , actuarial analyses and consulting, policy language, and related information and technical se r vices to participants in the prop e r ty/casualty insurance market. Through its American Insurance Services Group (AISG) unit, ISO also provides claims informa t i o n . ht t p : / / w w w .aisg.com

LIMRA • 300 Day Hill Rd., Win d s o r , CT 06095-4761. Tel. 860-688-3358. Fax. 860-298-9555. ht t p : / / w w w .limra.com/ — Principal source of life insurance industry sales and marketing statistics.

LOMA (Life Office Management Association) • 2300 Windy Ridge Pkwy., Suite 600, Atlanta, GA 30339-8443. Tel. 770-951-1770. Fax. 770-984-0441. http://www.l o m a . o r g — Worldwide association of insurance companies specializing in res e a r ch and education, with a primary focus on home office management.

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RESOURCES

National Association of Independent Insurers (NAII) • 2600 River Rd., Des Plaines, IL 60018. Tel. 847-297-7800. Fax. 847-297-5064. http://www.n a i i . o r g — Trade association of fire, pro p e r ty/casualty and surety insurers.

National Association of Mutual Insurance Companies (NAMIC) • 3601 Vincennes Rd., PO Box 68700, Indianapolis, IN 46268. Tel. 317-875-5250. Fax. 317-879-8408. http://www.namic.org — Trade association of property/casualty mutual insurance companies.

Reinsurance Association of America • 1301 Pennsylvania Ave. NW, Suite 900, Was h i n g t o n , DC 20004. Tel: 202-638-3690. Fax: 202-638-0936. http://www.re i n s u r a n c e . o r g — Tra d e association of prop e r ty/casualty rei n s u r ers; provides legislative services for members.

Risk and Insurance Management Society, Inc. (RIMS) • 655 3rd Ave, 2nd Fl., New York, NY 10017. Tel. 212-286-9292. Fax. 212-989-9716. http://www.rims.org — Organization of corporate buyers of insurance which makes known to insurers the insurance needs of business and industry, supports loss prevention, and provides a forum for the discussion of common objectives and problems.

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Insurance Information Institute 110 William Street New York, NY 10038 Tel. 212-346-5500. Fax. 212-791-1807. www.i i i . o r g or www.i n s u r a n c e . i n f o

Pre s i d e n t – Go r don Stewart

Senior Vice Pres i d e n t – Pr ograms and Operations – Ca r y Schneider Senior Vice President and Chief Economist – Ro b e r t P. Hartwig, Ph.D., CPCU Vice Pres i d e n t – Public Affa i r s – P.J. Crow l e y

Fact Book Senior Vice President and Editor – Issues Analysis – Ruth Gastel, CPCU Vice President – Information Services and Research – Madine Singer Publications Editor – Neil Liebman Research and Production – Mary-Anne Firneno Web and Information Services Manager – Shorna Lewis Production Assistant – Dolores Sanchirico

Media Offices Washington, D.C. Media Office: Vice President – Carolyn Gorman Tel. 202-833-1580. Fax. 202-223-5779.

West Coast Media Offices: Insurance Information Network of California: Executive Director – Candysse Miller Tel. 213-738-5333. Fax. 213-738-7556. Northern California: Communications Specialist – Omar Morales Tel. 925-969-2223. Fax. 925-969-2188.

Insurance Information Institute Representatives

Special Counsel William E. Bailey Tel. 617-884-2461. Fax. 617-884-2593.

Davis Communications William Davis, Atlanta Tel. 770-321-5150. Fax. 770-321-5150.

Chartrand Communications David V. Chartrand, Kansas City Tel. 913-768-4700. Fax. 913-768-4900.

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