| Industry Outlook |
As of December 13, 2010, Forty-Seven (47) insurance and takaful companies and one reinsurance company are transacting insurance business in Pakistan. |
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| Non-Life (General) Insurance Companies |
Out of the total, Thirty-Five (35) companies are transacting non-life (General) insurance business, including the government owned National Insurance Company Limited. |
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| Life Insurance Companies |
| Seven (7) Insurance Companies are transacting life insurance business, including the government owned State Life Insurance Corporation of Pakistan.
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| Takaful Operators |
| Five (5) Takaful Operators are currently providing Islamic Insurance to the masses of which 2 operators are transacting Family (Life) Takaful business and 3 are transacting Non-Life (General) Takaful business.
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| Reinsurance Company |
| There is one reinsurance company operating in Pakistan, the government owned Pakistan Reinsurance Company Limited (PRCL).
The total premium underwritten by the insurance industry in 2009, amounts to Rs. 86.9 billion. Non-Life (General), Life and Health insurance companies contributed Rs. 42.5 billion, Rs. 41.8 billion and Rs. 1.2 billion respectively. The premium underwritten by Takaful Operators (family and General) amounted to Rs. 1.4 billion.
Insurance Density
Insurance Penetration
Total Premium Volume in Asia (US$) in 2008
Paid-up Capital of Insurance Industry
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| Total Gross & Net Premium |
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2009 |
2008 |
2007 |
2006 |
| Life Insurance Companies |
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|
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Gross Premium (Rs.) |
41,943,140,892 |
34,861,665,680 |
22,879,465,530 |
19,573,853,188 |
Net Premium (Rs.) |
40,770,925,951 |
33,785,860,0580 |
26,817,669,899 |
21,835,775,291 |
| Non-Life Insurance Companies |
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|
|
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Gross Premium (Rs.) |
43,587,925,390 |
41,707,974,027 |
38,196,835,840 |
33,158,267,041 |
Net Premium (Rs.) |
25,367,814,350 |
26,293,979,802 |
23,076,268,1020 |
20,230,460,415 |
| Family Takaful Operators |
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|
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Gross Premium (Rs.) |
516,469,809 |
133,084,084 |
1,267,407 |
0 |
Net Premium (Rs.) |
464,524,432 |
118,293,007 |
1,095,427 |
0 |
| General Takaful Operators |
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|
|
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Gross Premium (Rs.) |
947,138,328 |
666,838,193 |
263,994,189 |
128,968,834 |
Net Premium (Rs.) |
692,611,477 |
312,012,186 |
121,063,212 |
32,587,061 |
| Industry Total |
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Gross Premium (Rs.) |
86,994,674,419 |
77,369,561,984 |
61,341,562,966 |
52,861,089,063 |
Net Premium (Rs.) |
67,295,876,210 |
60,510,145,053 |
50,016,096,640 |
42,098,822,767 |
| PRCL |
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Gross Premium (Rs.) |
5,839,379,221 |
4,555,120,063 |
4,730,554,035 |
4,499,166,025 |
Net Premium (Rs.) |
2,170,949,824 |
1,895,574,584 |
1,694,788,872 |
1,415,505,472 |
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| Paid-up Capital |
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| Life Insurers |
2009 |
2008 |
2007 |
2006 |
Numbers |
7 |
6 |
5 |
5 |
Paid-up Capital(Rs.) |
4,466,971,000 |
33,785,860,0580 |
26,817,669,899 |
21,835,775,291 |
| Non-Life Insurers |
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Numbers |
36 |
32 |
32 |
32 |
Paid-up Capital (Rs.) |
12,791,614,969 |
11,857,615,648 |
9,584,302,727 |
8,148,945,715 |
| Family Takaful Operators |
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Numbers |
2 |
2 |
2 |
0 |
Paid-up Capital (Rs.) |
1,282,971,670 |
1,282,971,670 |
951,772,080 |
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| General Takaful Operators |
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Numbers |
3 |
3 |
3 |
1 |
Paid-up Capital (Rs.) |
1,007,800,080 |
857,800,080 |
857,800,080 |
250,000,000 |
| Pakistan Re-Insurance Company Limited |
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Paid-up Capital (Rs.) |
3,000,000,000 |
3,000,000,000 |
540,000,860 |
450,000,720 |
| Total Insurers |
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Numbers |
48 |
45 |
60 |
57 |
Paid-up Capital (Rs.) |
22,549,357,719 |
20,889,107,398 |
14,812,995,747 |
11,201,066,435 |
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Paid-up Capital (Life & Non-Life Insurance Companies)
Paid-up Capital (General & Family Takaful Companies)
Gross & Net Premium Insurance Companies in Pakistan
Gross & Net Premium/ Contribution Takaful Companies in Pakistan
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