As the competition is heating up and only four teams remain, it's time for the next edition of FIFA World Cup facts you didn't know...
World Cup Facts: Group E
Brazil is by far the largest insurance market in Latin America, despite a relatively low insurance penetration rate which stands at 2.13%. Brazilian legend Pelé has won the FIFA World Cup more times than that figure, being the only man in history to win 3 times (1958, 1962 and 1970).
Costa Rica’s all-time leading scorer, Paulo Wanchope, had a 4-year stint with English football club Manchester City. Between his signing in 2000 and his departure in 2004, the total Costa Rican insurance market experienced a contraction of 2.89%, based on CAGR.
In 1976, a law was passed forcing the separation of insurance and reinsurance activities. In the same year, Dunav Re was established in Belgrade. At this year’s 2018 FIFA World Cup, only 3 players in the 23-man Serbian squad play their club football in Belgrade for either Red Star or Partizan (Stojkovic, Rodic and Radonjic).
One of the most famous FIFA World Cup matches of all time, both hosted by and involving Switzerland in 1954, ended in the highest-scoring game in the competition’s history. The match is known as 'Hitzeschlacht von Lausanne' (or the ‘The Heat Battle of Lausanne’). In 40-degree Celsius heat (109 degrees Fahrenheit), Austria beat Switzerland 7-5. 60 years later in 2014, Switzerland can claim a victory by writing a total of EUR 31,257.19mn more premiums than Austria did.
World Cup Facts: Group F
Marine insurance was first introduced into Hamburg by the Dutch in the 16th century. The Germany-Netherlands rivalry is one of the fieriest affairs found in international football. One of the most notable games in the derby’s history is referred to by the Dutch as 'de moeder aller nederlagen', or ‘the mother of all defeats’, in which they lost the FIFA World Cup final in 1974 to West Germany, the nations’ first competitive meeting following World War Two.
A disastrous combination of two storm systems - Ingrid and Manuel - affected over half of Mexico's surface area in September 2013. Economic loss was eventually estimated at USD 5.9bn, of which less than 20% was insured. This estimated loss is over 200 times more than the cost of the current most valuable Mexican player, Hirving Lozano, at an estimated EUR 29mn.
South Korea co-hosted the 2002 FIFA World Cup with Japan, the first ever instance of the competition to be held in Asia. The Insurance Business Law was comprehensively revised a year later to encourage greater competition and market diversity. Banks became able to sell insurance and the 'third sector' was opened to life and non-life companies.
The Insurance Brokers Act was passed in 1989, the first legislation on insurance brokers. One year later, at the 1990 FIFA World Cup, Sweden finished bottom of Group C after losing three consecutive games by 2 goals to 1 against Brazil, Costa Rica and Scotland.