Table of Contents 1 Key Facts and Events 2 Executive Summary 3 Introduction 3.1 What is this Report About? 3.2 Definitions 3.3 Methodology 4 Pakistani Insurance Industry Attractiveness 4.1 Insurance Industry Size, 2009-2018 5 Life Insurance Outlook 5.1 Key Drivers 5.2 Key Trends 5.3 Challenges 5.4 Life Insurance Growth Prospects by Category 5.5 Individual Life Insurance 5.5.1 Individual whole life insurance 5.5.2 Individual pension insurance 5.6 Group Life Insurance 5.6.1 Group whole life insurance 5.6.2 Group superannuation insurance 5.7 Life Insurance Growth Prospects by Customer Segment 5.7.1 Individual single-premium insurance 5.7.2 Individual non-single-premium insurance 5.7.3 Group non-single-premium insurance 5.8 Life Insurance Growth Prospects by Product Type 5.8.1 Total linked insurance business 5.8.2 Total non-linked insurance business 6 Analysis by Distribution Channel 6.1 Direct Marketing 6.2 Bancassurance 6.3 Agencies 6.4 E-Commerce 6.5 Brokers 6.6 Other Channels 7 Governance, Risk and Compliance 7.1 Legislation Overview and Historical Evolution 7.2 Legislation and Market Practice by Type of Insurance 7.2.1 Life insurance 7.2.2 Property insurance 7.2.3 Motor insurance 7.2.4 Liability insurance 7.2.5 Marine, aviation and transit insurance 7.2.6 Personal accident and health insurance 7.3 Compulsory Insurance 7.3.1 Motor third-party liability insurance 7.3.2 Workmen's compensation insurance 7.4 Supervision and Control 7.4.1 International Association of Insurance Supervisors (IAIS) 7.4.2 Securities and Exchange Commission of Pakistan 7.4.3 Insurance Association of Pakistan (IAP) 7.5 Non-Admitted Insurance Regulations 7.5.1 Overview 7.5.2 Intermediaries 7.5.3 Market practices 7.5.4 Fines and penalties 7.6 Company Registration and Operations 7.6.1 Types of insurance organization 7.6.2 Establishing a local company 7.6.3 Foreign ownership 7.6.4 Types of license 7.6.5 Capital requirements 7.6.6 Solvency margins 7.6.7 Reserve requirements 7.6.8 Investment regulations 7.6.9 Statutory return requirements 7.6.10 Fee structure 7.7 Taxation 7.7.1 Insurance premium or policy taxation 7.7.2 Withholding taxes on premium paid overseas 7.7.3 Corporate tax 7.7.4 VAT 7.7.5 Captives 7.8 Legal System 7.8.1 Introduction 7.8.2 Access to court 7.8.3 Alternative dispute resolution (ADR) 8 Competitive Landscape and Strategic Insights 8.1 Overview 8.2 Leading Companies in the Pakistani Life Insurance Segment 8.3 Leading Life Insurers - New Product Launches and Product Portfolio 8.4 Leading Life Insurers - Key Developments 8.5 State Life Insurance Corporation of Pakistan (SLIC) - Company Overview 8.5.1 State Life Insurance Corporation of Pakistan- key facts 8.5.2 State Life Insurance Corporation of Pakistan - key financials 8.6 Jubilee Life Insurance Company Ltd - Company Overview 8.6.1 Jubilee Life Insurance Company Ltd - key facts 8.6.2 Jubilee Life Insurance Company Ltd - key financials 8.7 EFU Life Assurance Ltd - Company Overview 8.7.1 EFU Life Assurance Ltd - key facts 8.7.2 EFU Life Assurance Ltd - key financials 8.8 IGI Life Insurance Ltd - Company Overview 8.8.1 IGI Life Insurance Ltd - key facts 8.8.2 IGI Life Insurance Ltd - key financials 8.9 Adamjee Life Assurance Co. Ltd - Company Overview 8.9.1 Adamjee Life Assurance Co. Ltd - key facts 8.9.2 Adamjee Life Assurance Co. Ltd - key financials 8.10 AsiaCare Health & Life Insurance Company Ltd - Company Overview 8.10.1 AsiaCare Health & Life Insurance Company Ltd - key facts 8.10.2 AsiaCare Health & Life Insurance Company Ltd - key financials 8.11 East West Life Assurance Company Ltd - Company Overview 8.11.1 East West Life Assurance Company Ltd - key facts 8.11.2 East West Life Assurance Company Ltd - key financials 9 Appendix - 1 9.1 Economic Performance 9.1.1 GDP at constant prices (US$) 9.1.2 GDP per capita at constant prices (US$) 9.1.3 GDP at current prices (US$) 9.1.4 GDP per capita at current prices (US$) 9.1.5 GDP by key sector 9.1.6 Agriculture, hunting, forestry and fishing net output at current prices (US$) 9.1.7 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP 9.1.8 Manufacturing net output at current prices (US$) 9.1.9 Manufacturing net output at current prices as a percentage of GDP 9.1.10 Mining, manufacturing and utilities at current prices (US$) 9.1.11 Mining, manufacturing and utilities at current prices, as percentage of GDP 9.1.12 Construction net output at current prices, (US$) 9.1.13 Construction net output at current prices as a percentage of GDP 9.1.14 Inflation rate 9.1.15 Exports as a percentage of GDP 9.1.16 Imports as a percentage of GDP 9.1.17 Annual average exchange rate PKR-US$ 9.2 Infrastructure 9.2.1 Commercial vehicle exports - total value 9.2.2 Commercial vehicle imports - total value 9.2.3 Automotive exports - total value 9.2.4 Automotive imports - total value 9.2.5 Total internet subscribers 9.3 Labor Force 9.3.1 Labor force 9.3.2 Unemployment rate 9.4 Demographics 9.4.1 Household consumption expenditure (US$) 9.4.2 Total population 9.4.3 Urban and rural populations 9.4.4 Age distribution of the total population 10 Appendix - 2 10.1 Methodology 10.2 Contact Timetric 10.3 About Timetric 10.4 Timetric's Services 10.5 Disclaimer List of Tables
Table 1: Pakistani Life Insurance - Key Facts, 2013 Table 2: Insurance Industry Definitions Table 3: Pakistani Insurance Industry - Gross Written Premium by Segment (PKR Billion), 2009-2013 Table 4: Pakistani Insurance Industry - Gross Written Premium by Segment (US$ Billion), 2009-2013 Table 5: Pakistani Insurance Industry - Gross Written Premium by Segment (PKR Billion), 2013-2018 Table 6: Pakistani Insurance Industry - Gross Written Premium by Segment (US$ Billion), 2013-2018 Table 7: Pakistani Insurance Industry - Gross Written Premium by Segment (Percentage Share), 2009-2018 Table 8: Pakistani Insurance Industry - Direct Written Premium by Segment (PKR Billion), 2009-2013 Table 9: Pakistani Insurance Industry - Direct Written Premium by Segment (US$ Billion), 2009-2013 Table 10: Pakistani Insurance Industry - Direct Written Premium by Segment (PKR Billion), 2013-2018 Table 11: Pakistani Insurance Industry - Direct Written Premium by Segment (US$ Billion), 2013-2018 Table 12: Pakistani Insurance Industry - Direct Written Premium by Segment (Percentage Share), 2009-2018 Table 13: Pakistani Life Insurance - Gross Written Premium by Category (PKR Billion), 2009-2013 Table 14: Pakistani Life Insurance - Gross Written Premium by Category (US$ Million), 2009-2013 Table 15: Pakistani Life Insurance - Gross Written Premium by Category (PKR Billion), 2013-2018 Table 16: Pakistani Life Insurance - Gross Written Premium by Category (US$ Million), 2013-2018 Table 17: Pakistani Life Insurance - New Business Written Premium (PKR Billion), 2009-2013 Table 18: Pakistani Life Insurance - New Business Written Premium (PKR Billion), 2013-2018 Table 19: Pakistani Life Insurance - Earned Premium (PKR Billion), 2009-2013 Table 20: Pakistani Life Insurance - Earned Premium (PKR Billion), 2013-2018 Table 21: Pakistani Life Insurance - Sum Assured (PKR Billion), 2009-2013 Table 22: Pakistani Life Insurance - Sum Assured (PKR Billion), 2013-2018 Table 23: Pakistani Life Insurance - Paid Claims (PKR Billion), 2009-2013 Table 24: Pakistani Life Insurance - Paid Claims (PKR Billion), 2013-2018 Table 25: Pakistani Life Insurance - Incurred Loss (PKR Billion), 2009-2013 Table 26: Pakistani Life Insurance - Incurred Loss (PKR Billion), 2013-2018 Table 27: Pakistani Life Insurance - Loss Ratio (%), 2009-2013 Table 28: Pakistani Life Insurance - Loss Ratio (%), 2013-2018 Table 29: Pakistani Life Insurance - Commissions and Expenses (PKR Billion), 2009-2013 Table 30: Pakistani Life Insurance - Commissions and Expenses (PKR Billion), 2013-2018 Table 31: Pakistani Life Insurance - Combined Ratio (%), 2009-2013 Table 32: Pakistani Life Insurance - Combined Ratio (%), 2013-2018 Table 33: Pakistani Life Insurance - Fraud and Crime (PKR Billion), 2009-2013 Table 34: Pakistani Life Insurance - Fraud and Crime (PKR Billion), 2013-2018 Table 35: Pakistani Life Insurance - Total Assets (PKR Billion), 2009-2013 Table 36: Pakistani Life Insurance - Total Assets (PKR Billion), 2013-2018 Table 37: Pakistani Life Insurance - Total Investment Income (PKR Billion), 2009-2013 Table 38: Pakistani Life Insurance - Total Investment Income (PKR Billion), 2013-2018 Table 39: Pakistani Life Insurance - Retentions (PKR Billion), 2009-2013 Table 40: Pakistani Life Insurance - Retentions (PKR Billion), 2013-2018 Table 41: Pakistani Individual Life Insurance - Gross Written Premium by Category (PKR Billion), 2009-2013 Table 42: Pakistani Individual Life Insurance - Gross Written Premium by Category (US$ Million), 2009-2013 Table 43: Pakistani Individual Life Insurance - Gross Written Premium by Category (PKR Billion), 2013-2018 Table 44: Pakistani Individual Life Insurance - Gross Written Premium by Category (US$ Million), 2013-2018 Table 45: Pakistani Individual Life Insurance - Direct Written Premium by Category (PKR Billion), 2009-2013 Table 46: Pakistani Individual Life Insurance - Direct Written Premium by Category (US$ Billion), 2009-2013 Table 47: Pakistani Individual Life Insurance - Direct Written Premium by Category (PKR Billion), 2013-2018 Table 48: Pakistani Individual Life Insurance - Direct Written Premium by Category (US$ Billion), 2013-2018 Table 49: Pakistani Individual Life Insurance - Policies by Category (Thousand), 2009-2013 Table 50: Pakistani Individual Life Insurance - Policies by Category (Thousand), 2013-2018 Table 51: Pakistani Individual Whole Life Insurance - Number of Active Policies (Thousand), 2009-2013 Table 52: Pakistani Individual Whole Life Insurance - Number of Active Policies (Thousand), 2013-2018 Table 53: Pakistani Individual Whole Life Insurance - Gross Written Premium (PKR Billion), 2009-2013 Table 54: Pakistani Individual Whole Life Insurance - Gross Written Premium (PKR Billion), 2013-2018 Table 55: Pakistani Individual Pension Insurance - Number of Active Policies (Thousand), 2009-2013 Table 56: Pakistani Individual Pension Insurance - Number of Active Policies (Thousand), 2013-2018 Table 57: Pakistani Individual Pension Insurance - Gross Written Premium (PKR Billion), 2009-2013 Table 58: Pakistani Individual Pension Insurance - Gross Written Premium (PKR Billion), 2013-2018 Table 59: Pakistani Group Life Insurance - Gross Written Premium by Category (PKR Billion), 2009-2013 Table 60: Pakistani Group Life Insurance - Gross Written Premium by Category (US$ Million), 2009-2013 Table 61: Pakistani Group Life Insurance - Gross Written Premium by Category (PKR Billion), 2013-2018 Table 62: Pakistani Group Life Insurance - Gross Written Premium by Category (US$ Million), 2013-2018 Table 63: Pakistani Group Life Insurance - Direct Written Premium by Category (PKR Billion), 2009-2013 Table 64: Pakistani Group Life Insurance - Direct Written Premium by Category (US$ Million), 2009-2013 Table 65: Pakistani Group Life Insurance - Direct Written Premium by Category (PKR Billion), 2013-2018 Table 66: Pakistani Group Life Insurance - Direct Written Premium by Category (US$ Million), 2013-2018 Table 67: Pakistani Group Life Insurance - Policies by Category (Thousand), 2009-2013 Table 68: Pakistani Group Life Insurance - Policies by Category (Thousand), 2013-2018 Table 69: Pakistani Group Whole Life Insurance - Number of Active Policies (Thousand), 2009-2013 Table 70: Pakistani Group Whole Life Insurance - Number of Active Policies (Thousand), 2013-2018 Table 71: Pakistani Group Whole Life Insurance - Gross Written Premium (PKR Billion), 2009-2013 Table 72: Pakistani Group Whole Life Insurance - Gross Written Premium (PKR Billion), 2013-2018 Table 73: Pakistani Group Superannuation Insurance - Number of Active Policies (Thousand), 2009-2013 Table 74: Pakistani Group Superannuation Insurance - Number of Active Policies (Thousand), 2013-2018 Table 75: Pakistani Group Superannuation Insurance - Gross Written Premium (PKR Billion), 2009-2013 Table 76: Pakistani Group Superannuation Insurance - Gross Written Premium (PKR Billion), 2013-2018 Table 77: Pakistani Individual Single-Premium Insurance - Number of Active Policies (Thousand), 2009-2013 Table 78: Pakistani Individual Single-Premium Insurance - Number of Active Policies (Thousand), 2013-2018 Table 79: Pakistani Individual Single-Premium Insurance - Gross Written Premium (PKR Billion), 2009-2013 Table 80: Pakistani Individual Single-Premium Insurance - Gross Written Premium (PKR Billion), 2013-2018 Table 81: Pakistani Individual Single-Premium Insurance - Direct Written Premium (PKR Billion), 2009-2013 Table 82: Pakistani Individual Single-Premium Insurance - Direct Written Premium (PKR Billion), 2013-2018 Table 83: Pakistani Individual Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2009-2013 Table 84: Pakistani Individual Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2013-2018 Table 85: Pakistani Individual Non-Single-Premium Insurance - Gross Written Premium (PKR Billion), 2009-2013 Table 86: Pakistani Individual Non-Single-Premium Insurance - Gross Written Premium (PKR Billion), 2013-2018 Table 87: Pakistani Individual Non-Single-Premium Insurance - Direct Written Premium (PKR Billion), 2009-2013 Table 88: Pakistani Individual Non-Single-Premium Insurance - Direct Written Premium (PKR Billion), 2013-2018 Table 89: Pakistani Group Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2009-2013 Table 90: Pakistani Group Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2013-2018 Table 91: Pakistani Group Non-Single-Premium Insurance - Gross Written Premium (PKR Billion), 2009-2013 Table 92: Pakistani Group Non-Single-Premium Insurance - Gross Written Premium (PKR Billion), 2013-2018 Table 93: Pakistani Group Non-Single-Premium Insurance - Direct Written Premium (PKR Billion), 2009-2013 Table 94: Pakistani Group Non-Single-Premium Insurance - Direct Written Premium (PKR Billion), 2013-2018 Table 95: Pakistani Linked Insurance Business- Number of Active Policies (Thousand), 2009-2013 Table 96: Pakistani Linked Insurance Business - Number of Active Policies (Thousand), 2013-2018 Table 97: Pakistani Linked Insurance Business - Gross Written Premium (PKR Billion), 2009-2013 Table 98: Pakistani Linked Insurance Business - Gross Written Premium (PKR Billion), 2013-2018 Table 99: Pakistani Linked Insurance Business - Direct Written Premium (PKR Billion), 2009-2013 Table 100: Pakistani Linked Insurance Business - Direct Written Premium (PKR Billion), 2013-2018 Table 101: Pakistani Non-Linked Insurance Business - Number of Active Policies (Thousand), 2009-2013 Table 102: Pakistani Non-Linked Insurance Business - Number of Active Policies (Thousand), 2013-2018 Table 103: Pakistani Non-Linked Insurance Business - Gross Written Premium (PKR Billion), 2009-2013 Table 104: Pakistani Non-Linked Insurance Business - Gross Written Premium (PKR Billion), 2013-2018 Table 105: Pakistani Non-Linked Insurance Business - Direct Written Premium (PKR Billion), 2009-2013 Table 106: Pakistani Non-Linked Insurance Business - Direct Written Premium (PKR Billion), 2013-2018 Table 107: Pakistani Life Insurance - Direct Marketing Commission Paid (PKR Billion), 2009-2013 Table 108: Pakistani Life Insurance - Direct Marketing Commission Paid (PKR Billion), 2013-2018 Table 109: Pakistani Life Insurance - New Business Gross Written Premium (PKR Billion), 2009-2013 Table 110: Pakistani Life Insurance - New Business Gross Written Premium (PKR Billion), 2013-2018 Table 111: Pakistani Life Insurance - New Policies Sold Through Direct Marketing (Thousand),2009-2013 Table 112: Pakistani Life Insurance - New Policies Sold Through Direct Marketing (Thousand),2013-2018 Table 113: Pakistani Life Insurance - Number of Direct Marketing Distributors, 2009-2013 Table 114: Pakistani Life Insurance - Number of Direct Marketing Distributors, 2013-2018 Table 115: Pakistani Life Insurance - Bancassurance Commission Paid(PKR Billion), 2009-2013 Table 116: Pakistani Life Insurance - Bancassurance Commission Paid(PKR Billion), 2013-2018 Table 117: Pakistani Life Insurance - New Business Gross Written Premium (PKR Billion), 2009-2013 Table 118: Pakistani Life Insurance - New Business Gross Written Premium (PKR Billion), 2013-2018 Table 119: Pakistani Life Insurance - New Policies Sold Through Bancassurance (Thousand), 2009-2013 Table 120: Pakistani Life Insurance - New Policies Sold Through Bancassurance (Thousand), 2013-2018 Table 121: Pakistani Life Insurance - Number of Bancassurance Distributors, 2009-2013 Table 122: Pakistani Life Insurance - Number of Bancassurance Distributors, 2013-2018 Table 123: Pakistani Life Insurance - Commission Paid to Agencies (PKR Billion), 2009-2013 Table 124: Pakistani Life Insurance - Commission Paid to Agencies (PKR Billion), 2013-2018 Table 125: Pakistani Life Insurance - New Business Gross Written Premium (PKR Billion), 2009-2013 Table 126: Pakistani Life Insurance - New Business Gross Written Premium (PKR Billion), 2013-2018 Table 127: Pakistani Life Insurance - New Policies Sold Through Agencies (Thousand), 2009-2013 Table 128: Pakistani Life Insurance - New Policies Sold Through Agencies (Thousand), 2013-2018 Table 129: Pakistani Life Insurance - Number of Agencies, 2009-2013 Table 130: Pakistani Life Insurance - Number of Agencies, 2013-2018 Table 131: Pakistani Life Insurance - E-Commerce Commission Paid (PKR Billion), 2009-2013 Table 132: Pakistani Life Insurance - E-Commerce Commission Paid(PKR Billion), 2013-2018 Table 133: Pakistani Life Insurance - New Business Gross Written Premium (PKR Billion), 2009-2013 Table 134: Pakistani Life Insurance - Gross Written Premium New Business (PKR Billion), 2013-2018 Table 135: Pakistani Life Insurance - New Policies Sold Through E-Commerce (Thousand), 2009-2013 Table 136: Pakistani Life Insurance - New Policies Sold Through E-Commerce (Thousand), 2013-2018 Table 137: Pakistani Life Insurance - Number of E-Commerce Distributors, 2009-2013 Table 138: Pakistani Life Insurance - Number of E-Commerce Distributors, 2013-2018 Table 139: Pakistani Life Insurance - Commission Paid to Brokers (PKR Billion), 2009-2013 Table 140: Pakistani Life Insurance - Commission Paid to Brokers (PKR Billion), 2013-2018 Table 141: Pakistani Life Insurance - New Business Gross Written Premium (PKR Billion), 2009-2013 Table 142: Pakistani Life Insurance - New Business Gross Written Premium (PKR Billion), 2013-2018 Table 143: Pakistani Life Insurance - New Policies Sold Through Brokers (Thousand), 2009-2013 Table 144: Pakistani Life Insurance - New Policies Sold Through Brokers (Thousand), 2013-2018 Table 145: Pakistani Life Insurance - Number of Brokers, 2009-2013 Table 146: Pakistani Life Insurance - Number of Brokers, 2013-2018 Table 147: Pakistani Life Insurance - Commission Paid to Other Channels (PKR Billion), 2009-2013 Table 148: Pakistani Life Insurance - Commission Paid to Other Channels (PKR Billion), 2013-2018 Table 149: Pakistani Life Insurance - New Business Gross Written Premium (PKR Billion), 2009-2013 Table 150: Pakistani Life Insurance - New Business Gross Written Premium (PKR Billion), 2013-2018 Table 151: Pakistani Life Insurance - New Policies Sold Through Other Channels (Thousand), 2009-2013 Table 152: Pakistani Life Insurance - New Policies Sold Through Other Channels (Thousand), 2013-2018 Table 153: Pakistani Life Insurance - Number of Distributors in Other Channels, 2009-2013 Table 154: Pakistani Life Insurance - Number of Distributors in Other Channels, 2013-2018 Table 155: Pakistan - Life Insurance Regulatory Framework Table 156: Pakistan - Property Insurance Regulatory Framework Table 157: Pakistan - Motor Insurance Regulatory Framework Table 158: Pakistan - Liability Insurance Regulatory Framework Table 159: Pakistan - Corporate Tax Rates for the Financial Year 2014 Table 160: Shares of Key Insurers in the Pakistani Life Insurance Segment (%), 2013 Table 161: Pakistani State Life Insurance Corporation of Pakistan - Key Facts Table 162: State Life Insurance Corporation of Pakistan - Key Financials (PKR Billion), 2009-2013 Table 163: Jubilee Life Insurance Company Ltd- Key Facts Table 164: Jubilee Life Insurance Company Ltd - Key Financials (PKR Billion), 2009-2013 Table 165: Pakistani EFU Life Assurance Ltd - Key Facts Table 166: EFU Life Assurance Ltd - Key Financials (PKR Billion), 2009-2013 Table 167: IGI Life Insurance Ltd - Key Facts Table 168: IGI Life Insurance Ltd - Key Financials (PKR Million), 2009-2013 Table 169: Adamjee Life Assurance Co. Ltd - Key Facts Table 170: Adamjee Life Assurance Co. Ltd - Key Financials (PKR Million), 2010-2013 Table 171: Pakistani AsiaCare Health & Life Insurance Company Ltd - Key Facts Table 172: AsiaCare Health & Life Insurance Company Ltd- Key Financials (PKR Million), 2010-2013 Table 173: Pakistani East West Life Assurance Company Ltd - Key Facts Table 174: IGI Life Insurance Ltd - Key Financials (PKR Million), 2009-2013 List of Figures
Figure 1: Pakistani Insurance Industry - Gross Written Premium by Segment (PKR Billion), 2009-2018 Figure 2: Pakistani Insurance Industry - Gross Written Premium Dynamics by Segment, (2009-2018) Figure 3: Pakistani Insurance Industry - Direct Written Premium by Segment (PKR Billion), 2009-2018 Figure 4: Pakistani Insurance Industry - Direct Written Premium Dynamics by Segment (2009-2018) Figure 5: Pakistani Life Insurance - Gross Written Premium by Category (PKR Billion), 2009-2018 Figure 6: Pakistani Life Insurance - Gross Written Premium by Category (Percentage Share), 2013 and 2018 Figure 7: Pakistani Life Insurance - Gross Written Premium Dynamics by Segment (2009-2018) Figure 8: Pakistani Life Insurance - New Business Written Premium (PKR Billion), 2009-2013 Figure 9: Pakistani Life Insurance - New Business Written Premium (PKR Billion), 2013-2018 Figure 10: Pakistani Life Insurance - Earned Premium (PKR Billion), 2009-2013 Figure 11: Pakistani Life Insurance - Earned Premium (PKR Billion), 2013-2018 Figure 12: Pakistani Life Insurance - Sum Assured (PKR Billion), 2009-2013 Figure 13: Pakistani Life Insurance - Sum Assured (PKR Billion), 2013-2018 Figure 14: Pakistani Life Insurance - Paid Claims (PKR Billion), 2009-2013 Figure 15: Pakistani Life Insurance - Paid Claims (PKR Billion), 2013-2018 Figure 16: Pakistani Life Insurance - Incurred Loss (PKR Billion), 2009-2013 Figure 17: Pakistani Life Insurance - Incurred Loss (PKR Billion), 2013-2018 Figure 18: Pakistani Life Insurance - Loss Ratio (%), 2009-2013 Figure 19: Pakistani Life Insurance - Loss Ratio (%), 2013-2018 Figure 20: Pakistani Life Insurance - Commissions and Expenses (PKR Billion), 2009-2013 Figure 21: Pakistani Life Insurance - Commissions and Expenses (PKR Billion), 2013-2018 Figure 22: Pakistani Life Insurance - Combined Ratio (%), 2009-2013 Figure 23: Pakistani Life Insurance - Combined Ratio (%), 2013-2018 Figure 24: Pakistani Life Insurance - Fraud and Crime (PKR Billion), 2009-2013 Figure 25: Pakistani Life Insurance - Fraud and Crime (PKR Billion), 2013-2018 Figure 26: Pakistani Life Insurance - Total Assets (PKR Billion), 2009-2013 Figure 27: Pakistani Life Insurance - Total Assets (PKR Billion), 2013-2018 Figure 28: Pakistani Life Insurance - Total Investment Income (PKR Billion), 2009-2013 Figure 29: Pakistani Life Insurance - Total Investment Income (PKR Billion), 2013-2018 Figure 30: Pakistani Life Insurance - Retentions (PKR Billion), 2009-2013 Figure 31: Pakistani Life Insurance - Retentions (PKR Billion), 2013-2018 Figure 32: Pakistani Life Insurance - Investment Portfolio (PKR Billion), 2009-2013 Figure 33: Pakistani Life Insurance - Investment Portfolio, 2009 and 2013 Figure 34: Pakistani Life Insurance - Penetration (%), 2009-2013 Figure 35: Pakistani Life Insurance - Density (Number of Policies per Capita), 2009-2013 Figure 36: Pakistani Life Insurance - Number of Active Policies (Thousand), 2009-2013 Figure 37: Pakistani Life Insurance - Number of Active Policies (Thousand), 2013-2018 Figure 38: Pakistani Life Insurance - Number of New Policies Sold (Thousand), 2009-2013 Figure 39: Pakistani Life Insurance - Number of New Policies Sold (Thousand), 2013-2018 Figure 40: Pakistani Life Insurance - Premium Per Capita (PKR), 2009-2013 Figure 41: Pakistani Individual Life Insurance - Gross Written Premium by Category (PKR Billion), 2009-2018 Figure 42: Pakistani Individual Life Insurance - Gross Written Premium by Category (Percentage Share), 2013 and 2018 Figure 43: Pakistani Individual Life Insurance - Gross Written Premium Dynamics by Category, 2009-2018 Figure 44: Pakistani Individual Life Insurance - Direct Written Premium by Category (PKR Billion), 2009-2018 Figure 45: Pakistani Individual Life Insurance - Direct Written Premium by Category (Percentage Share), 2013 and 2018 Figure 46: Pakistani Individual Life Insurance - Direct Written Premium Dynamics by Category, 2009-2018 Figure 47: Pakistani Individual Life Insurance - Policies by Category (Thousand), 2009-2018 Figure 48: Pakistani Individual Life Insurance - Policies by Category (Percentage Share), 2013 and 2018 Figure 49: Pakistani Individual Life Insurance - Policies Dynamics by Category, 2009-2018 Figure 50: Pakistani Individual Whole Life Insurance - Number of Active Policies (Thousand), 2009-2013 Figure 51: Pakistani Individual Whole Life Insurance - Number of Active Policies (Thousand), 2013-2018 Figure 52: Pakistani Individual Whole Life Insurance - Gross Written Premium (PKR Billion), 2009-2013 Figure 53: Pakistani Individual Whole Life Insurance - Gross Written Premium (PKR Billion), 2013-2018 Figure 54: Pakistani Individual Pension Insurance - Number of Active Policies (Thousand), 2009-2013 Figure 55: Pakistani Individual Pension Insurance - Number of Active Policies (Thousand), 2013-2018 Figure 56: Pakistani Individual Pension Insurance - Gross Written Premium (PKR Billion), 2009-2013 Figure 57: Pakistani Individual Pension Insurance - Gross Written Premium (PKR Billion), 2013-2018 Figure 58: Pakistani Group Life Insurance - Gross Written Premium by Category (PKR Billion), 2009-2018 Figure 59: Pakistani Group Life Insurance - Gross Written Premium by Category (Percentage Share), 2013 and 2018 Figure 60: Pakistani Group Life Insurance - Gross Written Premium Dynamics by Category, 2009-2018 Figure 61: Pakistani Group Life Insurance - Direct Written Premium by Category (PKR Billion), 2009-2018 Figure 62: Pakistani Group Life Insurance - Direct Written Premium by Category (Percentage Share), 2013 and 2018 Figure 63: Pakistani Group Life Insurance - Direct Written Premium Dynamics by Category, 2009-2018 Figure 64: Pakistani Group Life Insurance - Policies by Category (Thousand), 2009-2018 Figure 65: Pakistani Group Life Insurance - Policies by Category (Percentage Share), 2013 and 2018 Figure 66: Pakistani Group Life Insurance - Policies Dynamics by Category, 2009-2018 Figure 67: Pakistani Group Whole Life Insurance - Number of Active Policies (Thousand), 2009-2013 Figure 68: Pakistani Group Whole Life Insurance - Number of Active Policies (Thousand), 2013-2018 Figure 69: Pakistani Group Whole Life Insurance - Gross Written Premium (PKR Billion), 2009-2013 Figure 70: Pakistani Group Whole Life Insurance - Gross Written Premium (PKR Billion), 2013-2018 Figure 71: Pakistani Group Superannuation Insurance - Number of Active Policies (Thousand), 2009-2013 Figure 72: Pakistani Group Superannuation Insurance - Number of Active Policies (Thousand), 2013-2018 Figure 73: Pakistani Group Superannuation Insurance - Gross Written Premium (PKR Billion), 2009-2013 Figure 74: Pakistani Group Superannuation Insurance - Gross Written Premium (PKR Billion), 2013-2018 Figure 75: Pakistani Individual Single-Premium Insurance - Number of Active Policies (Thousand), 2009-2013 Figure 76: Pakistani Individual Single-Premium Insurance - Number of Active Policies (Thousand), 2013-2018 Figure 77: Pakistani Individual Single-Premium Insurance - Gross Written Premium (PKR Billion), 2009-2013 Figure 78: Pakistani Individual Single-Premium Insurance - Gross Written Premium (PKR Billion), 2013-2018 Figure 79: Pakistani Individual Single-Premium Insurance - Direct Written Premium (PKR Billion), 2009-2013 Figure 80: Pakistani Individual Single-Premium Insurance - Direct Written Premium (PKR Billion), 2013-2018 Figure 81: Pakistani Individual Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2009-2013 Figure 82: Pakistani Individual Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2013-2018 Figure 83: Pakistani Individual Non-Single-Premium Insurance - Gross Written Premium (PKR Billion), 2009-2013 Figure 84: Pakistani Individual Non-Single-Premium Insurance - Gross Written Premium (PKR Billion), 2013-2018 Figure 85: Pakistani Individual Non-Single-Premium Insurance - Direct Written Premium (PKR Billion), 2009-2013 Figure 86: Pakistani Individual Non-Single-Premium Insurance - Direct Written Premium (PKR Billion), 2013-2018 Figure 87: Pakistani Group Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2009-2013 Figure 88: Pakistani Group Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2013-2018 Figure 89: Pakistani Group Non-Single-Premium Insurance - Gross Written Premium (PKR Billion), 2009-2013 Figure 90: Pakistani Group Non-Single-Premium Insurance - Gross Written Premium (PKR Billion), 2013-2018 Figure 91: Pakistani Group Non-Single-Premium Insurance - Direct Written Premium (PKR Billion), 2009-2013 Figure 92: Pakistani Group Non-Single-Premium Insurance - Direct Written Premium (PKR Billion), 2013-2018 Figure 93: Pakistani Linked Insurance Business - Number of Active Policies (Thousand), 2009-2013 Figure 94: Pakistani Linked Insurance Business - Number of Active Policies (Thousand), 2013-2018 Figure 95: Pakistani Linked Insurance Business - Gross Written Premium (PKR Billion), 2009-2013 Figure 96: Pakistani: Pakistani Linked Insurance Business - Gross Written Premium (PKR Billion), 2013-2018 Figure 97: Pakistani: Pakistani Linked Insurance Business - Direct Written Premium (PKR Billion), 2009-2013 Figure 98: Pakistani Linked Insurance Business - Direct Written Premium (PKR Billion), 2013-2018 Figure 99: Pakistani Non-Linked Insurance Business - Number of Active Policies (Thousand), 2009-2013 Figure 100: Pakistani Non-Linked Insurance Business - Number of Active Policies (Thousand), 2013-2018 Figure 101: Pakistani Non-Linked Insurance Business - Gross Written Premium (PKR Billion), 2009-2013 Figure 102: Pakistani Non-Linked Insurance Business - Gross Written Premium (PKR Billion), 2013-2018 Figure 103: Pakistani Non-Linked Insurance Business - Direct Written Premium (PKR Billion), 2009-2013 Figure 104: Pakistani Non-Linked Insurance Business - Direct Written Premium (PKR Billion), 2013-2018 Figure 105: Pakistani Life Insurance - New Business Gross Written Premium by Distribution Channel (Percentage Share), 2013 and 2018 Figure 106: Pakistani Life Insurance -Direct Marketing Commission Paid (PKR Billion), 2009-2013 Figure 107: Pakistani Life Insurance - Direct Marketing Commission Paid (PKR Billion), 2013-2018 Figure 108: Pakistani Life Insurance - New Business Gross Written Premium (PKR Billion), 2009-2013 Figure 109: Pakistani Life Insurance - New Business Gross Written Premium (PKR Billion), 2013-2018 Figure 110: Pakistani Life Insurance - New Policies Sold Through Direct Marketing (Thousand), 2009-2013 Figure 111: Pakistani Life Insurance - New Policies Sold Through Direct Marketing (Thousand), 2013-2018 Figure 112: Pakistani Life Insurance - Number of Direct Marketing Distributors, 2009-2013 Figure 113: Pakistani Life Insurance - Number of Direct Marketing Distributors, 2013-2018 Figure 114: Pakistani Life Insurance - Bancassurance Commission Paid (PKR Billion), 2009-2013 Figure 115: Pakistani Life Insurance - Bancassurance Commission Paid (PKR Billion), 2013-2018 Figure 116: Pakistani Life Insurance - New Business Gross Written Premium (PKR Billion), 2009-2013 Figure 117: Pakistani Life Insurance - New Business Gross Written Premium (PKR Billion), 2013-2018 Figure 118: Pakistani Life Insurance - New Policies Sold Through Bancassurance (Thousand),2009-2013 Figure 119: Pakistani Life Insurance - New Policies Sold Through Bancassurance (Thousand), 2013-2018 Figure 120: Pakistani Life Insurance - Number of Bancassurance Distributors, 2009-2013 Figure 121: Pakistani Life Insurance - Number of Bancassurance Distributors, 2013-2018 Figure 122: Pakistani Life Insurance - Commission Paid to Agencies (PKR Billion), 2009-2013 Figure 123: Pakistani Life Insurance - Commission Paid to Agencies (PKR Billion), 2013-2018 Figure 124: Pakistani Life Insurance - New Business Gross Written Premium (PKR Billion), 2009-2013 Figure 125: Pakistani Life Insurance - New Business Gross Written Premium (PKR Billion), 2013-2018 Figure 126: Pakistani Life Insurance - New Policies Sold Through Agencies (Thousand), 2009-2013 Figure 127: Pakistani Life Insurance - New Policies Sold Through Agencies (Thousand), 2013-2018 Figure 128: Pakistani Life Insurance - Number of Agencies, 2009-2013 Figure 129: Pakistani Life Insurance - Number of Agencies, 2013-2018 Figure 130: Pakistani Life Insurance - E-Commerce Commission Paid (PKR Billion), 2009-2013 Figure 131: Pakistani Life Insurance - E-Commerce Commission Paid (PKR Billion), 2013-2018 Figure 132: Pakistani Life Insurance - New Business Gross Written Premium (PKR Billion), 2009-2013 Figure 133: Pakistani Life Insurance - Gross Written Premium New Business (PKR Billion), 2013-2018 Figure 134: Pakistani Life Insurance - New Policies Sold Through E-Commerce (Thousand), 2009-2013 Figure 135: Pakistani Life Insurance - New Policies Sold Through E-Commerce (Thousand), 2013-2018 Figure 136: Pakistani Life Insurance - Number of E-Commerce Distributors, 2009-2013 Figure 137: Pakistani Life Insurance - Number of E-Commerce Distributors, 2013-2018 Figure 138: Pakistani Life Insurance - Commission Paid to Brokers (PKR Billion), 2009-2013 Figure 139: Pakistani Life Insurance - Commission Paid to Brokers (PKR Billion), 2013-2018 Figure 140: Pakistani Life Insurance - New Business Gross Written Premium (PKR Billion), 2009-2013 Figure 141: Pakistani Life Insurance - New Business Gross Written Premium (PKR Billion), 2013-2018 Figure 142: Pakistani Life Insurance - New Policies Sold Through Brokers (Thousand), 2009-2013 Figure 143: Pakistani Life Insurance - New Policies Sold Through Brokers (Thousand), 2013-2018 Figure 144: Pakistani Life Insurance - Number of Brokers, 2009-2013 Figure 145: Pakistani Life Insurance - Number of Brokers, 2013-2018 Figure 146: Pakistani Life Insurance - Commission Paid to Other Channels (PKR Billion), 2009-2013 Figure 147: Pakistani Life Insurance - Commission Paid to Other Channels (PKR Billion), 2013-2018 Figure 148: Pakistani Life Insurance - New Business Gross Written Premium (PKR Billion), 2009-2013 Figure 149: Pakistani Life Insurance - New Business Gross Written Premium (PKR Billion), 2013-2018 Figure 150: Pakistani Life Insurance - New Policies Sold Through Other Channels (Thousand), 2009-2013 Figure 151: Pakistani Life Insurance - New Policies Sold Through Other Channels (Thousand), 2013-2018 Figure 152: Pakistani Life Insurance - Number of Distributors in Other Channels, 2009-2013 Figure 153: Pakistani Life Insurance - Number of Distributors in Other Channels, 2013-2018 Figure 154: Pakistan - Insurance Regulatory Framework Figure 155: Pakistan - Insurance Supervision and Control at Various Levels Figure 156: Pakistan - Insurance Regulatory Frameworks for Company Registration and Operation Figure 157: Shares of Key Insurers in the Pakistani Life Insurance Segment (%), 2013 Figure 158: Pakistani GDP at Constant Prices (US$ Billion), 2009-2013 Figure 159: Pakistani GDP Per Capita at Constant Prices (US$), 2009-2013 Figure 160: Pakistani GDP at Current Prices (US$ Billion), 2009-2013 Figure 161: Pakistani GDP Per Capita at Current Prices (US$), 2009-2013 Figure 162: Pakistani GDP by Key Sector (%) 2009 and 2013 Figure 163: Pakistani Agriculture, Hunting, Forestry and Fishing Net Output at Current Prices (US$ Billion), 2009-2013 Figure 164: Pakistani Agriculture, Hunting, Forestry and Fishing Net Output at Current Prices as a Percentage of GDP (%), 2009-2013 Figure 165: Pakistani Manufacturing Net Output at Current Prices (US$ Billion), 2009-2013 Figure 166: Pakistani Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2009-2013 Figure 167: Pakistani Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2009-2013 Figure 168: Pakistani Mining, Manufacturing and Utilities Net Output at Current Prices as a percentage of GDP (%), 2009-2013 Figure 169: Pakistani Construction Net Output at Current Prices (US$ Billion), 2009-2013 Figure 170: Pakistani Construction Output at Current Prices as a Percentage of GDP (%), 2009-2013 Figure 171: Pakistani Inflation Rate (%), 2009-2013 Figure 172: Pakistani Exports as a Percentage of GDP (%), 2009-2013 Figure 173: Pakistani Imports as a Percentage of GDP (%), 2009-2013 Figure 174: Pakistani Annual Average Exchange Rate US$-PKR, 2009-2013 Figure 175: Pakistani Commercial Vehicle Exports - Total Value (US$ Million), 2009-2013 Figure 176: Pakistani Commercial Vehicle Imports - Total Value (US$ Million), 2009-2013 Figure 177: Pakistani Automotive Exports - Total Value (US$ Million), 2009-2013 Figure 178: Pakistani Automotive Imports - Total Value (US$ Billion), 2009-2013 Figure 179: Pakistani Internet Subscriptions (Millions), 2009-2013 Figure 180: Pakistani Size of Labor Force (Million), 2009-2013 Figure 181: Pakistani Unemployment Rate (%), 2009-2013 Figure 182: Pakistani Household Consumption Expenditure(US$ Billion), 2009-2013 Figure 183: Pakistani Total Population (Million), 2009-2013 Figure 184: Pakistani Urban and Rural Populations (%), 2009-2013 Figure 185: Pakistani Population Distribution by Age (%), 2009-2013
|