Statistics
The Isle of Man Financial Services Authority (“the Authority”) publishes statistics on a regular basis, which summarise the size and level of activity within the various sectors of the finance industry in the Isle of Man.
As well as current figures, some historical figures are also included to show how the sectors have developed over recent years.
The Authority’s policy is, subject to the availability of data, to be transparent with industry statistics so that the users of the Island’s products and services can make informed judgements about the markets in which they are dealing.
Funds under management
|
FUM |
31 Dec 15
£ bn |
31 Dec 14
£ bn |
31 Dec 13
£ bn |
31 Dec 12
£ bn |
31 Dec 11
£ bn |
31 Dec 10
£ bn |
31 Dec 09
£ bn |
31 Dec 08
£ bn |
31 Dec 07
£ bn |
| Insurers - life sector | 58.8 | 58.0 | 56.5 | 53.1 | 49.8 | 49.8 | 41.3 | 36.7 | 37.7 |
| Insurers - non life sector | 6.26 | 5.9 | 4.7 | 5.5 | 5.5 | 5.4 | 5.8 | 6.0 | 5.2 |
| Insurance sector | 65.06 | 63.9 | 61.2 | 58.6 | 55.3 | 55.2 | 47.1 | 42.7 | 42.9 |
| Pensions sector | 7.2 | 7.0 | 2.4 | 2.1 | 1.9 | 1.7 | 1.4 | 1.3 | 1.5 |
| Combined sectors | 72.26 | 70.9 | 63.6 | 60.7 | 57.2 | 56.9 | 48.5 | 44.0 | 44.4 |
Gross premium income
| Gross premium | 31 Dec 15
£ bn |
31 Dec 14
£ bn |
31 Dec 13
£ bn |
31 Dec 12
£ bn |
31 Dec 11
£ bn |
31 Dec 10
£ bn |
31 Dec 09
£ bn |
31 Dec 08
£ bn |
31 Dec 07
£ bn |
| Insurers - life sector | 6.5 | 6.3 | 6.6 | 6.4 | 7.7 | 8.9 | 5.8 | 8.0 | 8.5 |
| Insurers - non life sector | 1.43 | 1.5 | 1.0 | 1.1 | 1.2 | 1.2 | 1.6 | 1.2 | 1.4 |
| Insurance sector | 7.93 | 7.8 | 7.6 | 7.5 | 8.9 | 10.1 | 7.4 | 9.2 | 9.9 |
Summary of registrations under the Insurance Act 2008
|
Insurance registrations |
31 Mar 16 no. |
31 Mar 15
no. |
31 Mar 14 no. |
31 Mar 13
no. |
31 Mar 12 no. |
31 Mar 11 no. |
31 Mar 10
no. |
31 Mar 09
no. |
31 Mar 08 no. |
31 Mar 07
no. |
| Authorised Insurers - life | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 17 | 17 | 17 |
| Authorised Insurers - non life | 118 | 121 | 122 | 127 | 132 | 140 | 144 | 155 | 159 | 166 |
| Authorised Insurers total | 134 | 137 | 136 | 143 | 148 | 156 | 160 | 172 | 176 | 183 |
| Permitted insurers | 16 | 16 | 19 | 16 | 15 | 15 | 17 | 19 | 19 | 20 |
| Insurance Managers | 22 | 22 | 22 | 22 | 21 | 21 | 21 | 23 | 23 | 24 |
| General insurance intermediaries | 24 | 25 | 29 | 33 | 33 | 33 | 36 | 36 | 35 | 38 |
| Insurance sector | 196 | 200 | 208 | 214 | 217 | 225 | 234 | 250 | 253 | 265 |