Insurers.globalAsia-Pacific

10 classes

What insurers are licensed to write

Each of the 2,528 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)

995 entities in 49 of 55 countries

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

Code L

Life

597 entities in 44 of 55 countries

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

Code C

Composite

222 entities in 26 of 55 countries

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

Code X

Specialty / Credit / Captive

173 entities in 23 of 55 countries

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

Code R

Reinsurer

165 entities in 31 of 55 countries

Carriers that accept risk ceded by primary insurers.

Code U

Not stated in register

121 entities in 13 of 55 countries

The source does not establish a class of business for this entry.

Code T

Takaful / Islamic

116 entities in 17 of 55 countries

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

Code H

Health / Medical

62 entities in 14 of 55 countries

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

Code M

Microinsurer

53 entities in 3 of 55 countries

Low-premium covers for low-income households and small businesses.

Code K

Captive / Risk retention group

24 entities in 2 of 55 countries

Captives, risk retention groups, sponsored cells and special-purpose reinsurers licensed in a captive domicile to insure their owners’ risks.