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 20 

£ bn

31 Dec 19

£ bn

31 Dec 18

£ bn

31 Dec 17

£ bn 

31 Dec 16

£ bn

 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 74.8 72.8 66.2 68.9 66.6 58.8 58.0 56.5 53.1 49.8 49.8 41.3 36.7 37.7
Insurers - non life sector 5.82 5.63 6.30 6.48 6.56 6.26 5.9 4.7 5.5 5.5 5.4 5.8 6.0 5.2
Insurance sector 80.6 78.43
72.5
75.35  73.16 65.06 63.9 61.2 58.6 55.3 55.2 47.1 42.7 42.9

Gross premium income

Gross premium

31 Dec 20

£ bn 

31 Dec 19

£ bn

31 Dec 18

£ bn

31 Dec 17

£ bn 

 

31 Dec 16

£ bn

 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 4.9 5.49 5.34 6.7  5.8 6.5 6.3 6.6 6.4 7.7 8.9 5.8 8.0 8.5
Insurers - non life sector 1.07 1.1 1.24  1.41 1.53 1.43 1.5 1.0 1.1 1.2 1.2 1.6 1.2 1.4
                             
Insurance sector 5.97 6.59
6.58
 8.11  7.33 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 20

no.

31 Mar 19

no.

31 Mar 18

no.

31 Mar 17

£ bn 

 

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   13 13 13 16  16 16 16 16 16 16 16 17 17 17
Authorised Insurers - non life   100 104 107 111  118 121 122 127 132 140 144 155 159 166
Authorised Insurers total   113
117
 120  127 134 137 138 143 148 156 160 172 176 183
                               
Permitted insurers   14
16
17  18  17 19 19  16  15  15  17  19  19  20 
Insurance Managers   20
21
22  22  22  22 22  22 21  21  21  23  23  24
General insurance intermediaries   21
21
21  22  24  25 29 33  33  33  36  36  35  38 
                               
Insurance sector   168
175
180  190   197 203  206  214  217  225  234  250  253  265