Select European Insurance Markets

Table of Contents

1. Central and Eastern Europe

• Market Overview
• Life Insurance Sector Flourishing
• Large Players Losing Hold
• Table 1: Insurance Industry in Eastern Europe (2005): Penetration of Insurance by Life and Non-Life Segments for Select Regions - Russia, Czech Republic, Poland, Hungary, and Ukraine (includes corresponding Graph/Chart)

2. A Peek into Recent Past Market Scenario

• Individual Markets
• Motor Insurance Stimulates Growth in Non-Life
• Market Numbers
• Table 2: Insurance Penetration Rate (In %) by Type for 2001: Central/East European Nations Vs EU-15 (includes corresponding Graph/Chart)
• Table 3: Insurance Premium as % of GDP for 1999-2001: Central/East European Nations Vs EU-15 (includes corresponding Graph/Chart)
• Table 4: Per Capita Premium in US$ for 2000 & 2001: Central/East European Nations Vs EU-15 (includes corresponding Graph/Chart)

3. Unit Linked Business in Scandinavia

• A Prosperous Region
• Good Prospects
• Baltic Countries: Pension Reforms - Agenda for Growth
• Latvia
• 1st Pillar - State Mandatory Non-Funded Social Insurance Pension Scheme (On PAYG base)
• 2nd Pillar - State Mandatory Funded Social Insurance Pension Scheme
• 3rd Pillar - Private Voluntary Pension Scheme
• Lithuania
• Estonia
• Synopsis

4. Key Insurance Markets in Rest of Europe

4a. Austria

• Market Overview
• Austrian National Insurance System
• Table 5: Austrian Insurance Industry (2003): Percentage Share of Expenditure by Sector for Pensions, Health Insurance, and Accident Insurance (includes corresponding Graph/Chart)
• Table 6: Austrian Insurance Industry (2000-2003): pending of Health Insurance Sector by Spending Areas in ? Million (includes corresponding Graph/Chart)
• Life Insurance Sector
• Table 7: Austrian Life Insurance Industry (2003): ROE-1 Market Overview
• Life Insurance Sector Flourishing
• Large Players Losing Hold
• Table 1: Insurance Industry in Eastern Europe (2005): Penetration of Insurance by Life and Non-Life Segments for Select Regions - Russia, Czech Republic, Poland, Hungary, and Ukraine (includes corresponding Graph/Chart)

2. A Peek into Recent Past Market Scenario

• Individual Markets
• Motor Insurance Stimulates Growth in Non-Life
• Market Numbers
• Table 2: Insurance Penetration Rate (In %) by Type for 2001: Central/East European Nations Vs EU-15 (includes corresponding Graph/Chart)
• Table 3: Insurance Premium as % of GDP for 1999-2001: Central/East European Nations Vs EU-15 (includes corresponding Graph/Chart)
• Table 4: Per Capita Premium in US$ for 2000 & 2001: Central/East European Nations Vs EU-15 (includes corresponding Graph/Chart)

3. Unit Linked Business in Scandinavia

• A Prosperous Region
• Good Prospects
• Baltic Countries: Pension Reforms - Agenda for Growth
• Latvia
• 1st Pillar - State Mandatory Non-Funded Social Insurance Pension Scheme (On PAYG base)
• 2nd Pillar - State Mandatory Funded Social Insurance Pension Scheme
• 3rd Pillar - Private Voluntary Pension Scheme
• Lithuania
• Estonia
• Synopsis

4. Key Insurance Markets in Rest of Europe

4a. Austria

• Market Overview
• Austrian National Insurance System
• Table 5: Austrian Insurance Industry (2003): Percentage Share of Expenditure by Sector for Pensions, Health Insurance, and Accident Insurance (includes corresponding Graph/Chart)
• Table 6: Austrian Insurance Industry (2000-2003): pending of Health Insurance Sector by Spending Areas in ? Million (includes corresponding Graph/Chart)
• Life Insurance Sector
• Table 7: Austrian Life Insurance Industry (2003): Gross Written Premium in US$ Million by Leading Companies for Sparkassen Versicherung, Wiener Stadtische, Raifeisen, UNIQA Personenversicherung, Generali Versicherung, Allianz Elementar Leben, Wustenrot, Union, Donau, and Skandia Leben (includes corresponding Graph/Chart)
• Table 8: Top-Five Players in the Austrian Life Insurance Industry (2002) - Gross Written Premium in US$ Million for Sparkassen-Versicherung, Wiener Staedtische, Raiffeisen, Generali Versicherung ,and Wustenrot (includes corresponding Graph/Chart)
• Non-Life Insurance Sector
• Table 9: Austrian Non-Life Insurance Industry (2003): Gross Written Premium in US$ Million by Leading Companies for Allianz Elementar, Uniqa Sach, Wiener Stadtische, Generali, Interunfall, Donau, Grawe, Zurich, Oberosterreichische, and Niederosterreichische (includes corresponding Graph/Chart)
• Table 10: Top-Five Players in the Austrian Non-Life Insurance Industry (2002) - Gross Written Premium in US$ Million for Allianz Elementar, Wiener Stadtische, Generali, Uniqa Sach, and Interunfall (includes corresponding Graph/Chart)

4b. Belgium

• Table 11: Belgian Insurance Industry (2005): Penetration of Insurance and Per Capita Premium in US$ by Category - Life and Non-Life
• Review of the Sectors
• Life Insurance
• Key Players
• Table 12: Belgian Life Insurance Industry (2003): Gross Written Premium in US$ Billion by Leading Companies for ETHIAS Life, Les Assurances de Fortis Banque, AXA Belgium, Fortis AG, KBC Assurances/CBC Assurances, ING Insurance, DEXIA Assurances, AGF Belgium Insurance, Generali Belgium, Winterthur-Europe Assurances (includes corresponding Graph/Chart)
• Table 13: Top-Five Players in the Belgian Life Insurance Industry (2002) - Gross Written Premium in US$ Million for SMAP, FB Assurances, ING, KBC Assurances, and Fortis AG (includes corresponding Graph/Chart)
• Non-Life Insurance
• Table 14: Belgian Non-Life Insurance Industry (2003): Gross Written Premium in US$ Million by Leading Companies for Axa Belgium, Fortis AG, Ethais, KBC Assurances, Winterthur-Europe, AGF Belgium, Mercator, ING, Les Assurances Populaires, and DKV Belgium (includes corresponding Graph/Chart)
• Table 15: Top-Five Players in the Belgian Non-Life Insurance Industry (2002) - Gross Written Premium in US$ Million for AXA Belgium, Fortis AG, SMAP,KBC Assurances, and Winterthur-Europe (includes corresponding Graph/Chart)

4c. Bulgaria

• Life Insurance Sector
• Table 16: Bulgarian Life Insurance Industry (2004): Gross Written Premium in US$ Million by Leading Companies for DZI, Allianz Bulgaria Life, Orel Life, AIG Life Bulgaria, Bulstrad DSK-Life, Grawe Bulgaria, Vitosha Life, Bulgariski Imoti, DSK Garancia, and Dobrudja-M-Life (includes corresponding Graph/Chart)
• Table 17: Top-Five Players in the Bulgarian Life Insurance Industry (2003) - Gross Written Premium in US$ Million for DZI, Allianz Bulgaria Life, Orel Life, AIG Life Bulgaria, and Bulstrad DSK-Life(includes corresponding Graph/Chart)
• A Peek into the 2000 Market Numbers
• Table 18: Life Insurance Industry in Bulgaria (2000): Leading Companies by Premium Income in Lev Million and Market Share in % (includes corresponding Graph/Chart)
• Non-Life Insurance Sector
• Table 19: Top-Five Players in the Bulgarian Non-Life Insurance Industry (2003) - Gross Written Premium in US$ Million for Bulstrad, DZI General, Allianz Bulgaria, Bul Ins, and Vitosha (includes corresponding Graph/Chart)

4d. Croatia

• Life Insurance Sector
• Table 20: Croatian Life Insurance Industry (2003): Gross Written Premium in US$ Million by Leading Companies for Grawe, Croatia, Merkur, Zagreb, Allianz, Sunce, Kvarner Wiener St., Helios, Euroherc Life, and UNIQA (includes corresponding Graph/Chart)
• Table 21: Top-Five Players in the Croatian Life Insurance Industry (2002) - Gross Written Premium in US$ Million for Grawe Hrvatska, Zagreb, Croatia, Merkur, and Allianz Zagreb (includes corresponding Graph/Chart)
• Non-Life Insurance Sector
• Table 22: Top-Five Players in the Croatian Non-Life Insurance Industry (2002) - Gross Written Premium in US$ Million for Croatia, Euroherc, Jadransko, Allianz Zagreb, and Triglav (includes corresponding Graph/Chart)

4e. Cyprus

• Life Insurance Sector
• Table 23: Cyprian Life Insurance Industry (2003): Gross Written Premium in US$ Million by Leading Companies for Laiki Cyprialife, Eurolife, Universal Life, America Life, Interlife, Liberty Life, Alhpa, Minerva, Aspis Pronia, and Ethniki (includes corresponding Graph/Chart)
• Table 24: Top-Five Players in the Life Insurance Industry of Cyprus (2002) - Gross Written Premium in US$ Million for Eurolife, Laiki Cyprialife, Universal Life, America Life, and Interlife (includes corresponding Graph/Chart)
• Non-Life Insurance Sector
• Table 25: Cyprian Non-Life Insurance Industry (2003): Gross Written Premium in US$ Million by Leading Companies for Laiki, General Insurance of Cyprus, Lloyd' s Underwriters, Pancyprian, Atlantic, Minerva, American Home, Commercial Union Cosmos, and Universal Life (includes corresponding Graph/Chart)
• Table 26: Top-Five Players in the Non-Life Insurance Industry of Cyprus (2002) - Gross Written Premium in US$ Million for Laiki, General Insurance of Cyprus, Minerva, Pancyprian, and American Home (includes corresponding Graph/Chart)

4f. Finland

• Market Overview
• Table 27: Finnish Insurance Industry (2005): Per Capita Premium in US$ by Category - Life and Non-Life
• Financial Services Convergence Takes Wings
• Competitiveness Reaches New Heights
• Forming Alliances: Order of the Day
• Life Insurance Sector
• Table 28: Finnish Life Insurance Industry (2003): Gross Written Premium in US$ Million by Leading Companies for Nordea, OP-Henkivakuutus, Henki-Sampo, Henki-Suomi, Suomi-yhtio, Kaleva, Henki-Tapiola, Henki-Veritas, Henki- Fennia, and Yritysten Henki-Tapiola (includes corresponding Graph/Chart)
• Table 29: Top-Five Players in the Life Insurance Industry of Finland (2002) - Gross Written Premium in US$ Million for Nordea, Henki-Sampo, Aurum, Henki-Suomi, and Suomi-yhtio (includes corresponding Graph/Chart)
• A Recent Past Review
• Table 30: Life Insurance Industry in Finland (1999 & 2000): Insurance Premium Written in FIM Billion by Scheme Type for Individual, Unit-Linked, and Group (includes corresponding Graph/Chart)
• Non-Life Insurance Sector
• Table 31: Finnish Non-Life Insurance Market (2004): Percentage Breakdown of Gross Written Premiums by Category - Credit and Suretyship, Domestic Reinsurance, Foreign Reinsurance, General Liability, Legal Expenses, Marine, Aviation and Transport, Motor Liability, Personal Accident and Health, Workers Compensation, and Other Direct Business (includes corresponding Graph/Chart)
• Table 32: Finnish Non-Life Insurance Industry (2003): Gross Written Premium in US$ Million by Leading Companies for If Vahinkovakuutus, Vahinko-Pohjola, Vahinko-Tapiola, Fennia, Mutual Insurance Associations, Lahivakuutus, A-Vakuutus, Pohjantahti, Turva, and Vahinko-Veritas (includes corresponding Graph/Chart)
• Table 33: Top-Five Players in the Non-Life Insurance Industry of Finland (2002) - Gross Written Premium in US$ Million for If Vahinkovakuutus, Vahinko-Pohjola, Vahinko-Tapiola, If Teollisuusvakuutus, and Fennia (includes corresponding Graph/Chart)

4g. Georgia

• A Historical Perspective
• Year 2000 - Signs of Resurgence
• Participation of Foreign Companies in Georgian Insurance Market during 2000
• Insurance Industry Reforms
• Insurance Industry Progresses
• The Insurance State Supervision Service

4h. Greece

• Market Overview
• Table 34: Insurance Industry in Greece (1993-2002): Number of Insurance Companies by Insurance Class for General Insurance, Life Insurance, and Composite (includes corresponding Graph/Chart)
• Market Share of Top Companies
• Table 35: Insurance Industry in Greece (1998-2002): Percentage Market Share of Top 5, 10, and 20 Companies by Life and Non-Life Sectors (includes corresponding Graph/Chart)
• Life Insurance Sector
• Table 36: Greek Life Insurance Industry (2003): Gross Written Premium in US$ Million by Leading Companies for Ethniki, Interamerican Life, Alico AIG Life, ING Life, Agrotiki, Aspis Pronia General, Allianz Life, Phoenix Metrolife Emporiki, EFG Life, and Alpha Ins (includes corresponding Graph/Chart)
• Table 37: Top-Five Players in the Life Insurance Industry of Greece (2002) - Gross Written Premium in US$ Million for Interamerican Life, Ethniki, ING Life, Alico AIG Life, and Aspis Pronia General (includes corresponding Graph/Chart)
• Non-Life Insurance Sector
• Table 38: Greek Non-Life Insurance Industry (2003): Gross Written Premium in US$ Million by Leading Companies for Ethniki, Phoenix Metrolife Emporiki, Agrotiki Interamerican, Property, Alpha, Allianz, Commercial Value, Intersalonika, International Union, and Egnatia (includes corresponding Graph/Chart)
• Table 39: Top-Five Players in the Non-Life Insurance Industry of Greece (2002) - Gross Written Premium in US$ Million for Ethniki, Phoenix Metrolife Emporiki, Agrotiki, Interamerican Property, and ALPHA (includes corresponding Graph/Chart)
• A Peek into Recent Past Market Numbers
• Table 40: Greek Insurance Industry (1993-2002): Direct Premium in Million Euro by Insurance Class for Life and Non-Life (includes corresponding Graph/Chart)
• Table 41: Greek Insurance Industry (2001): Direct Premium of Non-Life Insurance by Line in Greek Drachmas Million (includes corresponding Graph/Chart)
• Table 42: Greek Insurance Industry (2001): Direct Premium of Life Insurance by Line in Greek Drachmas Million (includes corresponding Graph/Chart)

4i. Hungary

• Market Overview
• Retaining Agents a Herculean Task
• Life Insurance Sector
• Table 43: Top-Five Players in the Hungarian Life Insurance Industry (2003) - Gross Written Premium in US$ Million for ING, AB Aegon, OTP-Garancia, Generali Providencia, and Allianz (includes corresponding Graph/Chart)
• Non-Life Insurance Sector
• Table 44: Hungarian Non-Life Insurance Industry (2006): Percentage Breakdown of Premiums by Segment - Accident, Financial Losses, Fire & Elemental Risks, General Liability, Health, MAT, Motor Own Damage, MTPL, and Others (includes corresponding Graph/Chart)
• Major Players
• Table 45: Top-Five Players in the Hungarian Non-Life Insurance Industry (2003) - Gross Written Premium in US$ Million for Allianz, Generali Providencia, OTP-Garancia, AB Aegon, and UNIQA (AXA) (includes corresponding Graph/Chart)
• A Recent Past Market Scenario
• Life Insurance Witnesses Upswing
• Table 46: Life Insurance Industry in Hungary (2000): Leading Players by Earned Premium in HUF Billions (includes corresponding Graph/Chart)
• Group Life Insurance Schemes Fuel Growth
• Hungarian Government Probes Insurance Companies

4j. Iceland

• Life Insurance Sector
• Table 47: Life Insurance Industry in Iceland (2003): Gross Written Premium in US$ Million by Leading Companies for Sjova-Almennar, Althjoda, LIFIS, and Liftryggingamidsrodin (includes corresponding Graph/Chart)
• Table 48: Leading Players in the Life Insurance Industry of Iceland (2002) - Gross Written Premium in US$ Million for Sameinada, Althjoda, and LIFIS (includes corresponding Graph/Chart)
• Non-Life Insurance Sector
• Table 49: Non-Life Insurance Industry in Iceland (2002): Gross Written Premium in US$ Million by Leading Companies for Sjova-Almennar, Vidlagatr Islands, Tryggingamidstodin, VIS hf., Islands-Trygginh, Vordur, and Althjoda (includes corresponding Graph/Chart)

4k. Ireland

• Market Overview
• Table 50: Irish Recent Past, Current & Future Analysis for Insurance Industry by Segment - Life & Non-Life Markets Independently Analyzed with Annual Premium Income in Euro Billion for the Years 2005 through 2010 (includes corresponding Graph/Chart)
• Table 51: Irish 6-Year Perspective for Insurance Industry by Segment - Percentage Breakdown of Premium Income for Life and Non-Life Markets for 2005, 2008, and 2010 (includes corresponding Graph/Chart)
• Table 52: Insurance Industry in Ireland (2006): Per Capita Premium in US$ by Category - Life and Non-Life
• Regulatory Environment
• Potential Problems
• Personal Retirement Savings Accounts (PRSAs)
• Understanding PRSA
• Limitations on Charges
• Restrictions on Investment
• PRSA Providers
• Regulation of PRSA
• Suitable for Investment Managers
• Life Insurers Caught in a Tight Spot
• Distribution of PRSA
• Encouraging Lapses
• With-Profits Funds Deployment by Life Insurers
• Outlook
• Life Insurance Industry
• Table 53: Irish Life Assurance Market (2006 & 2007): Percentage Breakdown of Gross Premium Income by Policy Type - Individual Assurances and Annuities, Pension Scheme Business, Self-Employed Pensions & Associated Business (Including PRSAs), Permanent Health Insurance (PHI), and Industrial Branch (IB) Business (includes corresponding Graph/Chart)
• Table 54: Irish Life Assurance Market (2006 & 2007): Percentage Breakdown of Benefits and Claims Paid by Policy Type (includes corresponding Graph/Chart)
• Table 55: Irish Life and Pension Insurance Market: Gross Premiums US$ Billion for the Years 2001 through 2005 (includes corresponding Graph/Chart)
• Table 56: Irish Life Assurance Market (2005): Percentage Breakdown of Gross Premium Income by Policy Type - Individual Assurances and Annuities, Industrial Branch Business, Permanent Health Insurance, Pension Scheme Business, and Self-Employed Pensions & Associated Business (includes corresponding Graph/Chart)
• Table 57: Irish Life Assurance Market (2005): Percentage Breakdown of Benefits and Claims Paid by Policy Type - Critical Illness, Individual Assurances and Annuities, Industrial Branch Business, Permanent Health Insurance, Pension Scheme Business, and Self-Employed Pensions & Associated Business (includes corresponding Graph/Chart)
• Table 58: Irish Life Assurance Market (2005): Percentage Breakdown of Distribution Channel for Annual and Single Premium Generation by Segment - Agents, Brokers, Direct, Employee & Company Representatives, and Tied Agents (includes corresponding Graph/Chart)
• Leading Players
• Table 59: Leading Players in Irish Life Insurance Market (2006 & 2007): Percentage Market Share of Gross Premium Income by Company - BoI Life (Bank of Ireland Life - Includes New Ireland Assurances), Irish Life, Hibernian Life Holdings Ltd. (Includes Ark Life), Eagle Star Life, Friends First Life and Others (includes corresponding Graph/Chart)
• Table 60: Leading Players in Irish Pensions Market (2006 & 2007): Percentage Market Share of Gross Premium Income by Company - Irish Life, BoI Life (Bank of Ireland Life - Includes New Ireland Assurances), Hibernian Life Holdings Ltd. (Includes Ark Life), Eagle Star Life, Standard Life, Friends First Life, Canada Life and Others (includes corresponding Graph/Chart)
• Table 61: Leading Players in Irish Life Insurance and Pensions Market (2006 & 2007): Percentage Breakdown of Total Market Share (Life and Pension Businesses) of Gross Premium Income by Company - BoI Life (Bank of Ireland Life - Includes New Ireland Assurances), Irish Life, Hibernian Life Holdings Ltd. (Includes Ark Life), Eagle Star Life, Friends First Life, and Others (includes corresponding Graph/Chart)
• Table 62: Irish Life Assurance Market (2005): Gross Premium Income for Life and Pension Business by Company - Ark Life, BoI Life, Canada Life, Eagle Star Life, Friends First Life, Hibernian Life, Irish Life, Standard Life, Royal Liver, and Others (includes corresponding Graph/Chart)
• Table 63: Irish Life Insurance Industry (2003): Gross Written Premium in US$ Million by Leading Companies for Irish Life, New Ireland, Ark, Hibernian Life & Pens, Eagle Star Life, Standard Life, Canada Life Ass. (Irl), Friends ' First Life Ass., Friends First Man. Pen, and Anglo Irish Assurance (includes corresponding Graph/Chart)
• Table 64: Top-Five Players in the Life Insurance Industry of Ireland (2002) - Gross Written Premium in US$ Million for Irish Life, New Ireland, Ark, Hibernian Life & Pensions, and Standard Life (includes corresponding Graph/Chart)
• Non-Life Insurance Industry
• Table 65: Irish Non-Life Insurance Market (2005): Percentage Breakdown of Gross Written Premiums by Category - Liability, Motor, PA/Travel, Property, and Other Business (includes corresponding Graph/Chart)
• Leading Players
• Table 66: Leading Players in Irish Motor Insurance Market (2006 & 2007): Percentage Breakdown of Premiums by Company - Hibernian, Quinn-Direct, AXA, FBD, Eagle Star, Allianz and Others (includes corresponding Graph/Chart)
• Table 67: Leading Players in Irish Property Insurance Market (2006 & 2007): Percentage Breakdown of Premiums by Company - Hibernian, Royal & Sun Alliance, Allianz, Eagle Star, AXA and Others (includes corresponding Graph/Chart)
• Table 68: Irish Non-Life Insurance Industry (2003): Gross Written Premium in US$ Million by Leading Companies for Hibernian General, AXA, Royal & SunAlliance, Eagle Star Ireland, Allianz Ireland, FBD, Allianz Corporate Ireland, Quinn-Direct, AIG Europe, and Irish Public Bodies (includes corresponding Graph/Chart)
• Table 69: Top-Five Players in the Non-Life Insurance Industry of Ireland (2002) - Gross Written Premium in US$ Million for Hibernian, AXA, Royal & SunAlliance, Eagle Star Ireland, and Allianz Ireland (includes corresponding Graph/Chart)
• Captive Market in Ireland: A Recent Past Perspective
• Table 70: Captive Market in Ireland (1999 & 2000): Captive Managers in Dublin by Premium Volume in US$ Million
• The Cry for PCC (Protected Cell Companies)
• Traditional and Non-Traditional Programs
• Changing Regulations

4l. Latvia

• Life Insurance Sector
• Table 71: Latvian Life Insurance Industry (2004): Gross Written Premium in US$ Million by Leading Companies for Ergo Latvija Dziviba, Balta Dziviba, Seesam Life, Latvia, Sampo Dziviba, and Baltikums Dziviba (includes corresponding Graph/Chart)
• Non-Life Insurance Sector
• Table 72: Latvian Non-Life Insurance Industry (2003): Gross Written Premium in US$ Million by Leading Companies for Balta, BTA, Balva, Ergo Latvija, Parekss, Baltikums, If Latvia, Rigas Slimokase, Baltijas Apdrosinasanas Nams, and Seesam Latvia (includes corresponding Graph/Chart)

4m. Lithuania

• Table 73: Lithuanian Recent Past, Current & Future Analysis for Insurance Industry by Segment - Life & Non-Life Markets Independently Analyzed with Annual Premium Income in US$ Million for the Years 2006 through 2010 (includes corresponding Graph/Chart)
• Table 74: Lithuanian 5-Year Perspective for Insurance Industry by Segment - Percentage Breakdown of Premium Income for Life and Non-Life Markets for 2006, 2008, and 2010 (includes corresponding Graph/Chart)
• Life Insurance Sector
• Table 75: Lithuanian Life Insurance Industry (2004): Gross Written Premium in US$ Million by Leading Companies for Hansa Gyvybes Draudimas, ERGO Lietuvus Gyvybes Draudimus, VB Gyvybes Draudimas, Commercial Union, Sampo Gyvybes Draudimas, Lietuvos Draudimas, Bonum Publicum, Seesam Lietuva Gyvybes Draudimas, PZU Lietuva Gyvybes Draudimas, and Lindra - Gyvybes Draudimas (includes corresponding Graph/Chart)
• Non-Life Insurance Sector
• Table 76: Lithuanian Non-Life Insurance Market (2006 & 2007): Percentage Market Share of Premiums by Category - Motor, Property, PA & Health, Liability, Surety, Bonds & Credit, and Marine, Aviation & Transit (includes corresponding Graph/Chart)
• Table 77: Lithuanian Non-Life Insurance Industry (2003): Gross Written Premium in US$ Million by Leading Companies for Lietuvos Draudimas, ERGO Lietuva, Lindra, IF Draudimas, NORD/LB Draudimas, Baltikums Draudimas, Baltik Garant, BTA Draudimas, Snoro Garantas, and Baltijos Garantas (includes corresponding Graph/Chart)
• Compulsory Auto Insurance
• Table 78: Lithuanian Compulsory Auto Insurance Market (2005): Percentage Share Breakdown of Premiums Written by Leading Players for Lietuvos Draudimas, PZU Lietuva, Baltikums Draudimas, BTA Draudimas, Ergo Lietuva, Reso Europa, IF Draudimas, Baltic Polis and Others (includes corresponding Graph/Chart)

4n. Luxembourg

• Life Insurance Sector
• Table 79: Top-Five Players in the Life Insurance Industry of Luxembourg (2002) - Gross Written Premium in US$ Million for Swisslife, La Luxembourgeoise-Vie, Le Foyer-Vie, Fortis Luxembourg Vie, and AGF Life Luxembourg (includes corresponding Graph/Chart)
• Non-Life Insurance Sector
• Table 80: Top-Five Players in the Non-Life Insurance Industry of Luxembourg (2001) - Gross Written Premium in US$ Million for Le Foyer Assurances, La Luxembourgeoise, AXA, Zurich, and Baloise (includes corresponding Graph/Chart)

4o. Malta

4p. Norway

• Environmental Responsibilities of Insurance Firms
• Life Insurance Industry
• Table 81: Norwegian Life Insurance Industry (2004):Gross Written Premium in US$ Million by Leading Companies for Vital, Storebrand, KLP, Nordea, Sparebank Liv, Gjensidige NOR Forsikring, Vesta Forsikring, Danica Pensjon, Handelsbanken Liv, and Danica Fonds forsikring (includes corresponding Graph/Chart)
• Table 82: Top-Five Players in the Life Insurance Industry of Norway (2001) - Gross Written premium in US$ Million for KLP, Storebrand, Vital, Gjensidige NOR Spare, and Sparebank(includes corresponding Graph/Chart)
• Non-Life Insurance Industry
• Table 83: Norwegian Non-Life Insurance Industry (2003): Gross Written Premium in US$ Million by Leading Companies for If Skadeforsikring, Gjensidige NOR, Vesta, Sparebank 1 Skadeforsikring, Terra Skadeforsikring, KLP Skadeforsikring, Jernbanepersonalets Forsikring, AIG Europe, Zurich Forsikring, and Vital (includes corresponding Graph/Chart)
• Table 84: Top-Five Players in the Non-Life Insurance Industry of Norway (2001) - Gross Written Premium in US$ Million for if Skadeforsikring, Gjensidige NOR, Vesta, Sparebank, and Terra (includes corresponding Graph/Chart)
• Marine Insurance Industry
• Important Facts
• Market Initiatives - 2000

4q. Poland

• Life Insurance Sector
• Table 85: Polish Life Insurance Industry (2003): Gross Written Premium in US$ Million by Leading Companies for PZU Zycie, Commercial Union, Amplico Life, ING Nationale Nederlanden, Warta Vita, Allianz Polska, Prumerica, Nationwide, Europa, and Cardif Polska (includes corresponding Graph/Chart)
• Table 86: Top-Five Players in Polish Life Insurance Industry (2002) - Gross Written Premium in US$ Million for PZU Zycie, Commercial Union, Amplico Life, ING Nationale Nederlanden, and Warta Vita (includes corresponding Graph/Chart)
• Polish Pension Market
• Compulsory Pension (Contributory)
• Safety Net Pension (Non-Contributory)
• Occupational Pensions (Voluntary)
• Personal Pension and Other Retirement Savings (Voluntary)
• Non-Life Insurance Sector
• Table 87: Polish Non-Life Insurance Industry (2005): Percentage Breakdown of Premium by Segment - Accident, Health, Liability (excluding Motor & MAT), MOD, MTPL, Property (excluding Motor), Legal & Financial Risks, and Others (includes corresponding Graph/Chart)
• Table 88: Polish Non-Life Insurance Industry (2003): Gross Written Premium in US$ Million by Leading Companies for PZU, Warta, Ergo Hestia, Allianz Polska, Samopomic, Uniqa, Tryg Polska, CIGNA STU, PTU, and Filar (includes corresponding Graph/Chart)

4r. Portugal

• Portuguese Insurance Industry - Current Market Trends
• Life Insurance Sector
• Life Products and Retirement Savings Drive the Portuguese Insurance Sector
• Table 89: Portuguese Life Insurance Industry (2003): Gross Written Premium in US$ Million by Leading Companies for Occidental Vida, Fidelidade Vida, Tranquilidade Vida, BPI Vida, Totta Seguros, Acoreana, AXA VidaImperio Bonanca, Real Vida, and Eurovida (includes corresponding Graph/Chart)
• Table 90: Top-Five Players in the Life Insurance Industry of Portugal (2002) - Gross Written Premium in US$ Million for Occidental Vida, Fidelidade Vida, Tranquilidade Vida, Totta Seguros, and BPI Vida (includes corresponding Graph/Chart)
• Non-Life Insurance Sector
• Table 91: Portuguese Non-Life Insurance Industry (2003): Gross Written Premium in US$ Million by Leading Companies for Fidelidade-Mundial, Imperio Bonanca, Axa Portugal Seguros, Tranquilidade, Allianz Portugal, Zurich, ICI, Acoreana, Ocidental Seguros, and Lusitania (includes corresponding Graph/Chart)
• Table 92: Top-Five Players in the Non-Life Insurance Industry of Portugal (2002) - Gross Written Premium in US$ Million for Fidelidade Mundial, Imperio Bonanca, AXA Portugal Seguros, Tranquilidade, and Allianz Portugal (includes corresponding Graph/Chart)

4s. Romania

• Market Overview
• Awareness Among Public Revitalizes the Market
• Foreign Banks Queuing Up
• Domenia Credit
• Challenges Facing Mortgage Sector
• Key Players
• Life Insurance Industry
• Table 93: Romanian Life Insurance Industry (2003): Gross Written Premium in US$ Million by Leading Companies for ING Life, Asirom, Omniasig Viata, AIG Life, Asiban, Aviva, Allianz-TiriacLukoil Asito, Interamerican, and Unita (includes corresponding Graph/Chart)
• Table 94: Top-Five Players in the Romanian Non-Life Insurance Industry (2002) - Gross Written Premium in US$ Million for Allianz-Tiriac, Asirom, Omniasig, Astra, and Ardaf (includes corresponding Graph/Chart)
• Non-Life Insurance Industry
• Table 95: Romanian Non-Life Insurance Industry (2003): Direct Written Premium in US$ Million by Leading Companies for Allianz-Tiriac, Asirom, Omniasig, Astra, Asiban, Unita, Ardaf, Generali, BCR Asigurari, and AIG Romania (includes corresponding Graph/Chart)
• Table 96: Top-Five Players in the Romanian Life Insurance Industry (2002) - Gross Written Premium in US$ Million for ING Nederlanden, Asirom, AIG Life, Aviva, and Omniasig Viata (includes corresponding Graph/Chart)
• Health Care Sector
• Health Care Delivery
• Family Planning Sector
• Ambulatory Secondary Care Segment
• Health Care Market - A Historic Review
• Transformation of Health Care System
• Primary Health Care Services

4t. Serbia and Montenegro

• Life Insurance Sector
• Table 97: Life Insurance Industry of Serbia and Montenegro (2003): Gross Written Premium in US$ Million by Leading Companies for SERBIA, Zepter, Grawe, Dunav, DDOR Novi Sad, and Delta (includes corresponding Graph/Chart)
• Non-Life Insurance Sector
• Table 98: Non-Life Insurance Industry of Serbia and Montenegro (2003): Gross Written Premium in US$ Million by Leading Companies for Dunav, DDOR Novi Sad, Imperial, Delta, Evropa, AMS, Ekos, SIM, Takovo, and Kopaonik (includes corresponding Graph/Chart)

4u. Slovakia

• Market Overview
• Key Trends and Issues
• Consolidation and Liberalization Mark the Market
• Low Level of Insurance Penetration
• Rise in Illegal Transactions
• Legislative Reforms - Set to Alter the Market
• Key Changes
• Amendments to Insurance Act
• The New Millennium Market Highlights
• The Environment
• Brimming with Insurance Companies
• Table 99: Insurance Industry in Slovakia (1999 & 2000): Premiums Written by Type of Insurance (In %) (includes corresponding Graph/Chart)
• Table 100: Insurance Industry in Slovakia (1999-2001): Growth in Insurance Market (In %) (includes corresponding Graph/Chart)
• Leading Players
• Slovenska Poistovna, A.S.
• Kooperativa Poistovna, AS
• Allianz Poistovna, AS
• Foreign Companies - Highly Active
• Review of Sectors
• Life Insurance
• Table 101: Top-Five Players in the Slovakian Life Insurance Industry (2003) - Gross Written Premium in US$ Million for Allianz poistovna, Amslico AIG Life, Kooperativa poistovna, Nationale Nederlanden, and Kontinuita poistovna (includes corresponding Graph/Chart)
• A Recent Past Perspective of the Sector
• Table 102: Insurance Industry in Slovakia (1999-2001): Life Insurance Premium in SKK Billion and Market Share in % (includes corresponding Graph/Chart)
• Table 103: Insurance Industry in Slovakia (1999-2001): Per Capita Premium for Life Insurance in US$ (includes corresponding Graph/Chart)
• Table 104: Insurance Industry in Slovakia (1999-2001): Life Premium Written in US$ Million and as Percentage of GDP (includes corresponding Graph/Chart)
• Major Players
• Amslico AIG Life
• ING Nationale-Nederlanden Poistovna
• Table 105: Insurance Industry in Slovakia (2001): Leading Life Insurers by Written Premium in US$ Million (includes corresponding Graph/Chart)
• Non-Life Insurance
• Table 106: Top-Five Players in the Slovakian Non-Life Insurance Industry (2003) - Gross Written Premium in US$ Million for Allianz poistovna, Kooperativa poistovna, Ceska poistovna, UNIQA poistovna, and Generali poistovna (includes corresponding Graph/Chart)
• A Recent Past Perspective of the Sector
• Table 107: Insurance Industry in Slovakia (1999-2001): Non-Life Premiums in SKK Billion and % Share (includes corresponding Graph/Chart)
• Table 108: Insurance Industry in Slovakia (1999 &2000): Non-Life Premium in US$ Million by Type of Insurance (includes corresponding Graph/Chart)
• Table 109: Insurance Industry in Slovakia (2001): Leading Non-Life Insurers by Premium Written in US$ Million (includes corresponding Graph/Chart)
• Motor Third-Party Liability (MTPL) Leads the Segment
• Personal Accident Insurance
• Social Insurance

4v. Slovenia

• Industry Overview
• Market Leaders
• Table 110: Slovenian Insurance Market (2004): Percentage Share Breakdown of Leading Players by Written Premiums for Triglav, Health Insurance Mutual, Maribor, Adriatic, Pension Fund Management (PFM), Slovenica, Tilia, Merkur, Generali, Grawe and Others (includes corresponding Graph/Chart)
• Life Insurance Sector
• Table 111: Slovenian Life Insurance Industry (2004):Gross Written Premium in US$ Million by Leading Companies for Triglav, Pension Fund Management (PFM), Maribor, Merkur, NLB Vita, Grawe, Slovenica, Generali, Adriatic, and Fund for Craftsmen and Entrepreneurs (FCE) (includes corresponding Graph/Chart)
• Table 112: Slovenian Life Insurance Industry (2003): Gross Written Premium in US$ Million by Leading Companies for Triglav, Maribor, Pension Fund Management, Merkur, Grawe, Slovenica, Generali SKB, NLB VITA, Adriatic, and Fund for Craftsman and Entrepreneurs (includes corresponding Graph/Chart)
• Table 113: Top-Five Players in the Life Insurance Industry of Slovenia (2002) - Gross Written Premium in US$ Million for Triglav, Maribor, Merkur, Grawe, and Adriatic (includes corresponding Graph/Chart)
• Life Insurance by Type
• Table 114: Slovenian Life Insurance Market (2004): Percentage Share Breakdown by Insurance Type for Death and Endowment-Mixed Insurance, Life Under ZPIZ-1, Life Under ZZavar, Additional Insurance, Annuity and Others (includes corresponding Graph/Chart)
• Non-Life Insurance Sector
• Table 115: Slovenian Non-Life Insurance Market (2004): Percentage Share Breakdown by Insurance Type for Liability, Health, Property, Casco, Accident, Credit and Others (includes corresponding Graph/Chart)
• Liability Insurance
• Table 116: Slovenian Non-Life Insurance Market (2004): Percentage Share Breakdown of Liability Insurance by Insurance Type for Land Motor Vehicles Liability, General Liability and Others (includes corresponding Graph/Chart)
• Property Insurance
• Table 117: Slovenian Non-Life Insurance Market (2004): Percentage Share Breakdown of Property Insurance by Insurance Type for Fire, Machinery Breakdown, Household, Livestock, Crops & Fruit, Theft, Computers, Building and Others (includes corresponding Graph/Chart)
• Casco Insurance
• Table 118: Slovenian Non-Life Insurance Market (2004): Percentage Share Breakdown of Casco Insurance by Insurance Type for Land Motor Vehicles, Aircraft, Railway Rolling Stock and Ships (includes corresponding Graph/Chart)
• Accident Insurance
• Table 119: Slovenian Non-Life Insurance Market (2004): Percentage Share Breakdown of Accident Insurance by Insurance Type for Personal Insurance at Work & Outside, Driver & Car Owner Acc Insurance, Insurance for Passengers in Motor Vehicles, Children & School Children Accident Insuranc ze and Others (includes corresponding Graph/Chart)
• Suretyship Insurance & Miscellaneous Financial Loss Insurance
• Table 120: Slovenian Non-Life Insurance Market (2004): Percentage Share Breakdown of Suretyship Insurance & Miscellaneous Financial Loss Insurance by Insurance Type for Loss-of-Profits Fire, Deposits, MB Loss-of-Profits, Cancellation of Tourist Trips, Shows & Events and Others(includes corresponding Graph/Chart)
• Legal Expenses and Tourist Assistance Insurance
• Table 121: Slovenian Non-Life Insurance Market (2004): Percentage Share Breakdown of Legal Expenses and Tourist Assistance Insurance by Insurance Type for Automobile Assistance, Legal Expenses, Medical Assistance and Others (includes corresponding Graph/Chart)
• Non-Life: Market Leaders
• Table 122: Top-Five Players in the Non-Life Insurance Market of Slovenia (2002) - Gross Written Premium in US$ Million for Triglav, Health Insurance Mutual, Maribor, Adriatic, and Slovenica (includes corresponding Graph/Chart)
• The Reinsurance Sector
• Table 123: Slovenian Reinsurance Market (2000-2003): Premium and Claims in SIT Million and Claims Ratio in Percentage for Life and Non-Life Reinsurance (includes corresponding Graph/Chart)

4w. Sweden

• Industry Overview
• Table 124: Swedish Recent Past, Current & Future Analysis for Insurance Industry by Segment - Life & Non-Life Markets Independently Analyzed with Annual Premium Income in SEK Billion for the Years 2006 through 2010 (includes corresponding Graph/Chart)
• Table 125: Swedish 5-Year Perspective for Insurance Industry by Segment - Percentage Breakdown of Premium Income for Life and Non-Life Markets for 2006, 2008, and 2010 (includes corresponding Graph/Chart)
• Table 126: Leading Players in the Swedish Insurance Market (2006 & 2007): Percentage Market Share of Total Assets by Company - Alecta, Skandia, SEB Trygg Liv, AMF Pension, LF Insurance Group and Others (includes corresponding Graph/Chart)
• Insurers Enter Banking
• Demographic Changes and the Pension System
• Life Insurance Industry
• Table 127: Swedish Life Insurance Market (2007 & 2008): Percentage Market Share of Premiums for Unit Linked and Other Life Insurance by Category - Occupational Pension, Endowment, Private Pension, Accident and Health, Group Life and Others (includes corresponding Graph/Chart)
• Table 128: Swedish Insurance Market (2006 & 2007): Percentage Market Share of Assets of Life Insurance Companies by Category - Shares, Bonds, Real Estate and Others (includes corresponding Graph/Chart)
• Table 129: Leading Players in Swedish Life Insurance Market (2006 & 2007): Percentage Market Share of Premiums for Unit Linked and Life Insurance by Company - Skandia, SEB, Folksam, Handelsbanken, AMF Pension, Swedbank Forsakr., Lansforsakringar and Others (includes corresponding Graph/Chart)
• Life Insurance - A Past Perspective
• Table 130: Swedish Life Insurance Industry (2003): Gross Written Premium in US$ Billion by Leading Companies for Alecta, Skandia Liv, AMF Pension, SEB TL Fond, Skandia Link, SPP Liv, Robur Fors, Folksam Liv, LF Liv, and SHB Liv (includes corresponding Graph/Chart)
• Table 131: Top-Five Players in the Swedish Life Insurance Industry (2002) - Gross Written Premium in US$ Million for Alecta, Skandia Liv, AMF Pension, Skandia Link, and SPP Liv (includes corresponding Graph/Chart)
• Non-Life Insurance Industry
• Table 132: Swedish Non-Life Insurance Market (2007 & 2008): Percentage Breakdown of Premium Income by Category - Business and Houseowner, Householder and Homeowner, Motor Vehicle, Motor Third Party, Accident and health and Others (includes corresponding Graph/Chart)
• Table 133: Leading Players in the Swedish Non-Life Insurance Market (2006 & 2007): Percentage Market Share of Premium Income by Company - LF Insurance Group, If Skadeforsakring, Trygg-Hansa, Folksam, Dina and Others (includes corresponding Graph/Chart)
• Table 134: Swedish Insurance Market (2006 & 2007): Percentage Market Share of Assets of Non-Life Insurance Companies by Category - Shares, Bonds, Real Estate and Others (includes corresponding Graph/Chart)
• Non-Life Insurance - A Past Perspective
• Table 135: Swedish Non-Life Insurance Industry (2003): Gross Written Premium in US$ Million by Leading Companies for IF Skade, AFA Sjuk, Trygg-Hansa, Folksam Sak, LF Sak, LF Stockholm, LF Skane, AGRIA, LF Goteborg, and SvKonsument includes corresponding Graph/Chart)
• Table 136: Top-Five Players in the Swedish Non-Life Insurance Industry (2002) - Gross Written Premium in US$ Million for If Skade, Trygg Hansa, Folksam Sak, AFA Sjuk, and LF Sak (includes corresponding Graph/Chart)

4x. Switzerland

• Table 137: Swiss Recent Past, Current & Future Analysis for Insurance Industry by Segment - Life & Non-Life Markets Independently Analyzed with Annual Premium Income in CHF Billion for the Years 2006 through 2010 (includes corresponding Graph/Chart)
• Table 138: Swiss 5-Year Perspective for Insurance Industry by Segment - Percentage Breakdown of Premium Income for Life and Non-Life Markets for 2006, 2008, and 2010 (includes corresponding Graph/Chart)
• Table 139: Insurance Industry in Switzerland (2006): Per Capita Premium in US$, and Penetration of Insurance by Category - Life and Non-Life
• Market Highlights
• Table 140: Swiss Insurance Market (2005): Premium Volumes in US$ Billion for Leading Swiss Private Insurers Worldwide (includes corresponding Graph/Chart)
• Industry Overview
• Outlook
• Table 141: Swiss Insurance Market (2007 & 2008): Percentage Market Share of Premiums by Category - Life, Medical, Motor, Fire, Accident and Others (includes corresponding Graph/Chart)
• Table 142: Swiss Insurance Market (2006 & 2007): Percentage Market Share of Gross Claims by Category - Life, Medical, Motor, Fire, Accident and Others (includes corresponding Graph/Chart)
• Review of Sectors
• Life Insurance
• Table 143: Swiss Life Insurance Market (2006 & 2007): Percentage Market Share of Premiums by Segment - Occupational Pensions, Endowment Insurance, Unit- Linked Life Insurance and Annuity Insurance (includes corresponding Graph/Chart).
• Table 144: Swiss Life Insurance Market (2005): Percentage Breakdown by Claims Paid by Segment - Annuity Insurance, Endowment Insurance, Occupational Pensions, and Unit-Linked Life Insurance (includes corresponding Graph/Chart)
• Key Players
• Table 145: Leading Players in the Swiss Group Life Market (2006 & 2007): Percentage Breakdown of Market Share by Company - Swiss Life, Winterthur/ AXA, ZFS, Baloise, Helvetia and Others (includes corresponding Graph/Chart)
• Table 146: Leading Players in the Swiss Domestic Life Market (2006 & 2007): Percentage Breakdown of Market Share by Company - Swiss Life, AXA, Baloise, ZFS (Zurich Leben), Patria, and Others (includes corresponding Graph/Chart)
• Table 147: Leading Players in the Swiss Non-Life Insurance Market (2002-2004): Percentage Breakdown of Market Value by Company for ZFS, Winterthur, Mobiliar, Allianz, Baloise and Others (includes corresponding Graph/Chart)
• Non-Life Insurance
• Table 148: Swiss Property & Casualty Insurance Market (2007 & 2008): Percentage Market Share of Premiums by Category - Motor & Liability Insurance, Medical Insurance, Fire & Property Insurance, Accident Insurance, and Others (includes corresponding Graph/Chart)
• Table 149: Swiss Medical Insurance Market (2007 & 2008): Percentage Market Share of Premiums by Segment - Voluntary Individual Medical Insurance and Group Medical Insurance
• Table 150: Swiss Fire and Property Insurance Market (2007 & 2008): Percentage Market Share of Premiums by Category - Fire Insurance, Natural Hazard Insurance and Other Property Insurance (includes corresponding Graph/Chart)
• Table 151: Swiss Liability and Motor Insurance Market (2007 & 2008): Percentage Market Share of Premiums by Category - Motor Insurance (Motor Liability & Other Motor), Comprehensive General Liability, Ocean Marine, Aviation and Transport (includes corresponding Graph/Chart)
• Key Players
• Table 152: Leading Players in the Swiss Non-Life Insurance Market (2002-2004): Percentage Breakdown of Market Value by Company for ZFS, Winterthur, Mobiliar, Allianz, Baloise and others (includes corresponding Graph/Chart)

4y. Ukraine

• Table 153: Insurance Industry in Ukraine (2005): Percentage Breakdown of Gross Written Premium by Category - Life, and Non-Life (includes corresponding Graph/Chart)
• Life Insurance Sector
• Table 154: Life Insurance Industry in Ukraine (2003): Gross Written Premium in US$ Million by Leading Companies for Grawe Ukraina, Alico AIG Life, TAS, Aska Zhittya, Ekko, Jupiter, Blakitniy Polis, Nadiya, Garant Life, and Universalnaya (includes corresponding Graph/Chart)
• Table 155: Top-Five Players in the Life Insurance Market of Ukraine (2002) - Gross Written Premium in US$ Million for Grawe, TAS, Ekko, Jupiter, and Aska (includes corresponding Graph/Chart)
• Non-Life Insurance Sector
• Table 156: Non-Life Insurance Industry in Ukraine (2003): Gross Written Premium in US$ Million by Leading Companies for Lemma, Kremen, Zemskaya, Oranta, Credo-Classic, Etalon, Aura, Ostra-Kiev, Pozharno- Strakhovaya, and TAS (includes corresponding Graph/Chart)
• Table 157: Top-Five Players in the Non-Life Insurance Industry of Ukraine (2002) - Gross Written Premium in US$ Million for Lemma, Oranta, Credo-Classic, Municipal, and Veksel (includes corresponding Graph/Chart)
• Reinsurance Market

4z. Yugoslavia

5. Product/Service Launch

• TrygVesta & Nordea Enters Finnish Insurance Market
• Allianz Elementar Offers Savings Products

6. Product/Service Launches in Recent Past

• Inora Life Introduces Dynamic Income Plus Fund Series 3
• Skandia Insurance AB Launches Skandia Global Funds
• Swiss Life Re-Introduces Critical Illness Products
• Nationale-Nederlanden Launches New Program

7. Recent Industry Activity

• Kardan Acquires Stake in Sigma Albania
• Yugoriya Insurance Company Signs Deal with Ural Precision
• Generali Receives Approval to Acquire PPF' s Insurance Business
• TBIH Acquires Ukrainian Insurance Group
• UkrSibbank to Acquire Stake in Vesko Insurance
• Vienna Insurance Acquires Stake in Asirom
• Unipol to Acquire Stake in ING Insurance
• ING Divests Insurance Belgium
• Storebrand to Acquire SPP
• KBC to Acquire Stake in DZI Insurance
• Wiener Staedtische Acquires Sigma
• Sagicor Takes Over Gerling
• Allianz Acquires ATF-Polis
• Aviva Enters into Joint Venture with Bank Zachodni WBK
• Zurich Beteiligungs to Acquire Real Garant
• Vienna Acquires Majority Stake in Sigma
• Zurich Acquires Wrightway Underwriting
• Vienna Insurance Acquires Majority Stake in Asirom
• Bank Austria Creditanstalt and UNION Versicherungs Merge
• KBC Takes Over DZI Insurance
• Uniqa Increases its Share in Vitosha
• MFS Holdings Acquires Stake in Universal Life
• Pohjola Group Merges with Parent Company
• Alpha Bank Sells Alpha Insurance
• Quinn to Take Over BUPA Ireland
• Aviva Enters Motor Insurance Business
• Aegon and Banca Transilvania to Establish New Pension Firm
• Uniqa Signs an Agreement with Sigal
• Zurich Enters Belgium and Italian Markets
• Swiss Life to Acquire CapitalLeben
• Zurich Enters into Collaboration
• Unipol to Acquire Stake in ING Insurance
• BRE Bank and AEGON to Unite Respective Pension Funds
• Poland' s Ministry of Treasury to Merge PKO BP and PZU
• Wiener Staedtische to Acquire Stake in Asirom
• Ukraine Puts 25%+1 Share in Oranta for Sale
• Generali Enters Bulgarian Insurance Market
• ING to Commence Life Insurance Business in Bulgaria
• AXA to Acquire Alpha Insurance
• Euler Hermes to Enter Irish Market
• Allianz and Axa Joins Race to Buy DDOR
• Winterthur Sells Health Insurance Business
• Fortis Enters Ukrainian Life Insurance Market
• AXA to Take Over Winterthur
• Zurich Insurance Ireland Expands in Europe
• Swiss Re Snaps Up GE Insurance Solutions
• BUPA to Withdraw From Ireland
• Forties AG Merges with FB Verzekeringen to Form Fortis Insurance Belgium
• Veritas Life Insurance Merges with Aktia Life Insurance
• Willis Group to Take Over Link Forsikringsmegling
• CableTel Enters into Partnership with Lev Ins
• K+H Bank' s General and Life Insurance Units Merge to Form K+H Biztosito
• Swiss Re Snaps up GE Insurance Solutions
• Aon Jauch Acquires VMHWG
• Schweizerische to Acquire Employers Reinsurance and GE Insurance Solutions
• Wiener Staedtische Buys Majority Interest in Royal Polska
• Ark Life and Hibernian in a Life Insurance Venture
• Old Mutual Eyes Purchase of Skandia
• Zurich Financial to Divest Universal Underwriters Group
• BCP Completes Sale of Insurance Units
• Volkswagen Enters Athens With the Establishment of Banking and Insurance Units (ROE)
• Pohjola Group Reorganizes Non-Life Operations
• Willis Group Agrees to Acquire Nicon
• Storebrand Life Targets Swedish Pension Market
• Vesta USK Acquires Garant-Pharm
• Swiss Reinsurance Co. Acquires Valley Forge Life Insurance Co
• Union Biztosito Proposes to Step into Travel Insurance Market

8. Strategic Corporate Developments in Recent Past

• Hansabank Acquires LDGD
• White Mountains Acquires Sirius International
• Universal American Buys Marketing Business of GRLIC
• Bank One Corp. Acquires Zurich Life
• XL Capital and Five European Insurers form Joint Venture for Terrorism Coverage
• Special Risk Insurance and Reinsurance Luxembourg Commences Operations
• Credit Suisse Divests 3.5% Stake in Swiss Reinsurance
• ING Re Leaves Cat Market
• Skandia Restructures Business Operations
• Alea Group Purchases Seven Hills Insurance
• Swiss Buys Research Operations of Conning
• Eureko Purchases Foreign and Colonial Management Ltd.
• Bancassurer KBC Expands Operations in Central Europe
• ABG and Sanpaolo Establish New Bancassurance Venture
• CGNU Acquires ABN Amro Magyar Elet es Nyugdijbiztosito Reszvenytarsasag
• Credit Suisse First Boston Acquires CGU
• ABG and Sanpaolo IMI Establish New Bancassurance Venture
• Zurich Launches New Reinsurance Company
• Copenhagen Reinsurance Sets Up Office in Spain
• Societe Generale Creates Inora Life
• Prudential Divests General Insurance Business to Winterthur

9. Focus on Select Players

• Aegon AB, Hungary
• Bulstrad DSK Life, Bulgaria
• Converium Group, Switzerland
• Fennia Group, Finland
• Generali-Providencia, Hungary
• Irish Life Assurance PLC, Ireland
• Nordea Group, Finland
• Sampo Insurance Co., Finland
• Skandia Insurance Company Ltd, Sweden
• Swiss Reinsurance, Switzerland - Leading P&C Insurer in the World
• Tapiola, Finland
• Zurich Financial Services, Switzerland