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