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Market share of the total insurance market worldwide 2000-2018, by country

Between 2000 and 2018, the United States has consistently held the largest share of the insurance market globally. Alone, the USA made up almost fifty percent of the entire insurance market as of 2018. The five largest markets in 2018 combined held a market share of almost 79 percent.

Leading insurers

The companies with largest shares of the market during the period were the U.S. headquartered Berkshire Hathaway, the Chinese Ping An Insurance, and AIA Group from Hong Kong. The only European insurer in the top five was Germany’s Allianz in fourth place.

European insurance

Another measurement of the insurance sector and its biggest players is the value of gross premiums written. In 2018, Europe’s insurance sector was worth over 1.3 trillion euros and Europe’s top three markets - the United Kingdom (UK), Germany and France, accounted for over 760 billion euros.

Market share of the total insurance market worldwide from 2000 to 2018, by country

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Release date

July 2020



Survey time period

2000 to 2018

Supplementary notes

The source added the following information "National insurance market share is defined as a country's national insurance market compared with the OECD insurance market total. It measures the importance of the national insurance market as an index using the OECD insurance market total as base; OECD=100"

* All other OECD countries account for less than one percent of the total market each.

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Statistics on "Insurance industry in the United Kingdom"

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