Insurance Statistics Yearbook 2011
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Insurance Statistics Yearbook 2011

The insurance industry is a key component of the economy by virtue of the amount of premiums it collects, the scale of its investment and, more fundamentally, the essential social and economic role it plays in covering personal and business risks.

This annual publication provides major official insurance statistics for all OECD countries. The reader will find information on the diverse activities of this industry and on international insurance market trends.

The data, which are standardised as far as possible, are broken down under numerous sub-headings, and a series of indicators makes the characteristics of the national markets more readily comprehensible. This publication is an essential tool for civil servants, professionals and academics working in the insurance field.

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From chapter Iceland
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Table
 

Table 1 – Main selected aggregates: Iceland You or your institution have access to this content

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Insurance Statistics Yearbook, Volume 2011 - © OECD 2011

Iceland
‌1Main selected aggregates
Million ISK
‌‌
2003
2004
2005
2006
2007
2008
2009
2010
1.1 Insurance business written in the reporting country
 
 
 
 
 
 
 
 
1.1.1 Insurance business, by ownership
 
 
 
 
 
 
 
 
Gross premiums
 
 
 
 
 
 
 
 
Domestic undertakings
27 070
 
26 486
 
28 416
 
33 165
 
37 519
 
41 724
 
34 293
 
46 636
 
Foreign controlled undertakings
0
 
0
 
..
 
0
 
0
 
0
 
3 732
 
4 082
 
Foreign companies (branches)
667
 
930
 
..
 
0
 
0
 
0
 
0
 
0
 
All undertakings
27 737
 
27 416
 
2 774
 
32 601
 
37 435
 
41 721
 
34 293
 
46 636
 
Premiums ceded
 
 
 
 
 
 
 
 
Domestic undertakings
4 654
 
4 521
 
4 487
 
4 621
 
3 127
 
3 061
 
2 546
 
3 621
 
Foreign controlled undertakings
0
 
0
 
..
 
0
 
0
 
0
 
260
 
476
 
Foreign companies (branches)
0
 
0
 
..
 
..
 
0
 
0
 
0
 
0
 
All undertakings
4 114
 
4 007
 
..
 
..
 
2 696
 
3 061
 
2 546
 
3 621
 
Net written premiums
 
 
 
 
 
 
 
 
Domestic undertakings
22 526
 
21 965
 
23 654
 
28 322
 
34 392
 
38 663
 
31 747
 
43 015
 
Foreign controlled undertakings
0
 
0
 
..
 
0
 
0
 
0
 
3 472
 
3 606
 
Foreign companies (branches)
0
 
0
 
..
 
..
 
0
 
0
 
0
 
0
 
All undertakings
22 526
 
21 965
 
2 223
 
2 138
 
34 944
 
38 674
 
31 747
 
43 015
 
1.1.2 Insurance business, by type of risk, gross premiums
 
 
 
 
 
 
 
 
Life
 
 
 
 
 
 
 
 
Domestic risks
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
Foreign risks
0
 
..
 
0
 
..
 
..
 
0
 
6 786
 
3 510
 
Total
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
Non-life
 
 
 
 
 
 
 
 
Domestic risks
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
Foreign risks
15
 
..
 
178
 
..
 
521
 
2 215
 
41 886
 
43 506
 
Total
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
Composite total
x
 
x
 
x
 
x
 
x
 
x
 
x
 
x
 
Total
 
 
 
 
 
 
 
 
Domestic risks
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
Foreign risks
15
 
..
 
178
 
..
 
521
 
2 215
 
48 673
 
47 016
 
Total
..
 
..
 
..
 
..
 
..
 
..
 
..
 
..
 
1.1.3 Life insurance payments, by class, gross premiums
 
 
 
 
 
 
 
 
Annuities
..
 
..
 
..
 
..
 
36
 
0
 
47
 
65
 
Unit linked
..
 
..
 
..
 
..
 
562
 
185
 
108
 
104
 
Other life insurance
..
 
..
 
..
 
..
 
2 398
 
2 867
 
3 118
 
3 216
 
Total life insurance
..
 
..
 
..
 
..
 
2 996
 
3 052
 
3 273
 
3 385
 
of which:Pension contracts
..
 
..
 
..
 
..
 
0
 
..
 
0
 
0
 
1.1.4 Non-life insurance payments, by class, gross premiums
 
 
 
 
 
 
 
 
Motor vehicle insurance
12 234
 
11 521
 
12 343
 
14 396
 
..
 
19 153
 
20 424
 
20 479
 
Marine, aviation and other transport insurance
1 563
 
1 393
 
1 307
 
1 284
 
..
 
2 691
 
2 204
 
2 483
 
Freight insurance
408
 
447
 
466
 
503
 
..
 
703
 
577
 
602
 
Fire and other property damage insurance
6 288
 
5 285
 
6 792
 
7 681
 
..
 
8 182
 
11 557
 
12 193
 
Pecuniary loss insurance
42
 
56
 
59
 
79
 
..
 
164
 
58
 
77
 
General liability insurance
1 558
 
1 655
 
1 873
 
2 530
 
..
 
2 316
 
2 452
 
2 372
 
Accident and health
2 422
 
3 177
 
2 686
 
3 150
 
..
 
4 141
 
4 707
 
5 012
 
of which:Health
..
 
717
 
439
 
556
 
..
 
1 912
 
717
 
..
 
Other non-life insurance
0
 
0
 
0
 
0
 
..
 
0
 
0
 
12
 
Treaty reinsurance
0
 
0
 
0
 
0
 
..
 
0
 
0
 
0
 
Total non-life insurance
24 515
 
23 535
 
25 526
 
29 623
 
..
 
39 262
 
41 980
 
43 230
 
1.2 Gross claims payments
 
 
 
 
 
 
 
 
Life
 
 
 
 
 
 
 
 
Domestic undertakings
613
 
735
 
816
 
1 971
 
1 075
 
1 003
 
1 101
 
882
 
Foreign controlled undertakings
0
 
0
 
..
 
0
 
0
 
0
 
26
 
15
 
Foreign companies (branches)
..
 
..
 
..
 
..
 
..
 
0
 
..
 
0
 
All undertakings
..
 
..
 
..
 
..
 
..
 
1 003
 
1 101
 
882
 
Non-life
 
 
 
 
 
 
 
 
Domestic undertakings
15 469
 
17 883
 
19 473
 
20 532
 
25 048
 
29 986
 
33 871
 
27 092
 
Foreign controlled undertakings
0
 
0
 
..
 
0
 
0
 
0
 
2 858
 
2 859
 
Foreign companies (branches)
0
 
0
 
..
 
0
 
0
 
0
 
0
 
0
 
All undertakings
15 469
 
17 883
 
..
 
20 532
 
25 048
 
29 986
 
33 871
 
27 092
 
Composite, all undertakings
x
 
x
 
x
 
x
 
x
 
x
 
x
 
x
 
Total
 
 
 
 
 
 
 
 
Domestic undertakings
16 082
 
18 618
 
20 289
 
22 503
 
26 123
 
30 989
 
34 972
 
27 974
 
Foreign controlled undertakings
0
 
0
 
..
 
0
 
0
 
0
 
2 884
 
2 874
 
Foreign companies (branches)
0
 
0
 
..
 
0
 
0
 
0
 
0
 
0
 
All undertakings
15 469
 
17 883
 
..
 
20 532
 
25 048
 
30 989
 
34 972
 
27 974
 
1.3 Commissions
 
 
 
 
 
 
 
 
Life
 
 
 
 
 
 
 
 
Domestic undertakings
103
 
54
 
89
 
95
 
59
 
47
 
57
 
41
 
Foreign controlled undertakings
0
 
0
 
..
 
0
 
0
 
0
 
4
 
6
 
Foreign companies (branches)
..
 
..
 
..
 
..
 
..
 
0
 
..
 
0
 
All undertakings
..
 
..
 
..
 
..
 
..
 
47
 
57
 
41
 
Non-life
 
 
 
 
 
 
 
 
Domestic undertakings
413
 
684
 
432
 
403
 
126
 
125
 
168
 
121
 
Foreign controlled undertakings
0
 
0
 
..
 
0
 
0
 
0
 
20
 
0
 
Foreign companies (branches)
0
 
0
 
..
 
0
 
0
 
0
 
0
 
0
 
All undertakings
413
 
684
 
..
 
403
 
126
 
125
 
168
 
121
 
Composite, all undertakings
x
 
x
 
x
 
x
 
x
 
x
 
x
 
x
 
Total
 
 
 
 
 
 
 
 
Domestic undertakings
517
 
737
 
521
 
498
 
185
 
172
 
224
 
162
 
Foreign controlled undertakings
0
 
0
 
..
 
0
 
0
 
0
 
24
 
6
 
Foreign companies (branches)
0
 
0
 
..
 
0
 
0
 
0
 
0
 
0
 
All undertakings
413
 
684
 
..
 
403
 
126
 
172
 
224
 
162
 
1.4 Gross operating expenses
 
 
 
 
 
 
 
 
Life
 
 
 
 
 
 
 
 
Domestic undertakings
767
 
684
 
868
 
865
 
792
 
873
 
782
 
851
 
Foreign controlled undertakings
0
 
0
 
..
 
0
 
..
 
0
 
43
 
52
 
Foreign companies (branches)
..
 
..
 
..
 
..
 
..
 
0
 
..
 
0
 
All undertakings
..
 
..
 
..
 
..
 
792
 
873
 
782
 
851
 
Non-life
 
 
 
 
 
 
 
 
Domestic undertakings
5 196
 
6 149
 
6 310
 
5 541
 
6 210
 
7 224
 
7 646
 
8 563
 
Foreign controlled undertakings
0
 
0
 
..
 
0
 
..
 
0
 
785
 
859
 
Foreign companies (branches)
0
 
0
 
..
 
0
 
..
 
0
 
0
 
0
 
All undertakings
5 196
 
6 149
 
..
 
5 541
 
6 210
 
7 224
 
7 646
 
8 563
 
Composite, all undertakings
x
 
x
 
x
 
x
 
x
 
x
 
x
 
x
 
Total
 
 
 
 
 
 
 
 
Domestic undertakings
5 962
 
6 833
 
7 178
 
6 405
 
7 002
 
8 098
 
8 428
 
9 414
 
Foreign controlled undertakings
0
 
0
 
..
 
0
 
..
 
0
 
828
 
911
 
Foreign companies (branches)
0
 
0
 
..
 
0
 
..
 
0
 
0
 
0
 
All undertakings
5 196
 
6 149
 
..
 
5 541
 
7 002
 
8 098
 
8 428
 
9 414
 
1.5 Insurance business written abroad by branches, gross premiums
 
 
 
 
 
 
 
 
Life
 
 
 
 
 
 
 
 
Branches and agencies
0
 
0
 
0
 
0
 
0
 
0
 
0
 
0
 
Subsidiaries
0
 
0
 
0
 
0
 
0
 
..
 
0
 
0
 
Total
0
 
0
 
0
 
0
 
0
 
..
 
0
 
0
 
Non-life
 
 
 
 
 
 
 
 
Branches and agencies
0
 
0
 
0
 
0
 
0
 
0
 
0
 
277
 
Subsidiaries
0
 
0
 
0
 
19
 
0
 
..
 
0
 
0
 
Total
0
 
0
 
0
 
19
 
0
 
..
 
0
 
277
 
Composite total
x
 
x
 
x
 
x
 
x
 
x
 
x
 
x
 
Total
 
 
 
 
 
 
 
 
Branches and agencies
0
 
0
 
0
 
0
 
0
 
0
 
0
 
277
 
Subsidiaries
0
 
0
 
0
 
19
 
0
 
..
 
0
 
0
 
Total
0
 
0
 
0
 
19
 
0
 
..
 
0
 
277
 
..
Not available
x
Not applicable
Disclaimer: http://oe.cd/disclaimer

 
Countries Covered:
Iceland
 
Visit the OECD web site