Insurers.globalAsia-Pacific

7 classes

What insurers are licensed to write

Each of the 1,549 entities carries one licence class as recorded by its supervisor, or inferred from its name where the register does not state one (the EIOPA register for EU/EEA undertakings). Composite licences, which allow both life and non-life business, survive mainly in markets that have not yet mandated separation.

Code G

General (Non-life)

665 entities in 42 of 48 countries

Short-term property, casualty, motor, marine and other non-life covers.

Code L

Life

444 entities in 37 of 48 countries

Long-term life assurance, annuities, pensions and savings products.

Code C

Composite

169 entities in 25 of 48 countries

Licensed to write both life and non-life business under one entity.

Code R

Reinsurer

123 entities in 33 of 48 countries

Carriers that accept risk ceded by primary insurers.

Code T

Takaful / Islamic

61 entities in 16 of 48 countries

Sharia-compliant risk-sharing operators (takaful, participation and retakaful).

Code H

Health / Medical

57 entities in 13 of 48 countries

Medical, health and hospital cash insurers licensed separately from life.

Code X

Specialty / Credit / Captive

30 entities in 15 of 48 countries

Credit, trade, legal-expenses, captive, agricultural, statutory-scheme or other specialist carriers.