Insurance

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.

 

FUM

31 Dec 22 £bn

31 Dec 21 £bn

31 Dec 20 £bn

31 Dec 19 £ bn

31 Dec 18 £ bn

Insurers - life sector

79.0

 81.6 74.8 72.8 66.2
Insurers - non life sector 5.5 5.1 5.82 5.63

6.30

 
Insurance Sector 84.5 86.7 80.6 78.43 72.5

 

Gross Premium

31 Dec 22

£ bn

31 Dec 21

£ bn

31 Dec 20

£ bn

31 Dec 19

£ bn

31 Dec 18

£ bn

Insurers - life sector

5.6

 6.5 4.9 5.49 5.34
Insurers - non life sector 1.1 1.0 1.07 1.1 1.24
Insurance Sector 6.7 7.5 5.97 6.59 6.58

 

Insurance Registrations 31 Mar 23 31 Mar  22 31 Mar 21 31 Mar 20 31 Mar 19 31 Mar 18
Authorised Insurers -life 13 13 13 13 13 13
Authorised Insurers - non life 96 100 100 100 104 107
Authorised insurers- Insurance Special Purpose Vehicle: 1 0 0 0 0 0
Authorised Insurers total 110 113 113 113 117 120
Permitted insurers 14 12 14 14 16 17
Insurance Manager 16 18 18 20 21 22
Fully Registered intermediaries 17 20 20 21 21 21
Partially Exempt intermediaries 13 11 11 0 0 0
Insurance sector 170 174  176 168 175 180