Insurers.globalNorth America

8 classes

What insurers are licensed to write

Each of the 4,517 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)

2,113 entities in 4 of 5 countries

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

Code K

Captive / Risk retention group

940 entities in 1 of 5 countries

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

Code L

Life

774 entities in 4 of 5 countries

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

Code H

Health / Medical

384 entities in 3 of 5 countries

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

Code R

Reinsurer

199 entities in 3 of 5 countries

Carriers that accept risk ceded by primary insurers.

Code X

Specialty / Credit / Captive

89 entities in 3 of 5 countries

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

Code C

Composite

16 entities in 2 of 5 countries

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

Code U

Not stated in register

2 entities in 1 of 5 countries

Solvency II undertakings whose register entry carries no class of business; usually non-life or composite.