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Insurance penetration - value of premiums to GDP in Europe by country 2018

Written premiums account for the amount that customers pay insurance companies for the coverage provided and are, therefore, the main source of revenue for the sector. The insurance penetration rate shows how the sector relates to the economy of the country and is calculated as the ratio of insurance premiums written to the GDP of the country.

Insurance penetration in Europe

Among all European countries in 2018, the insurance sector was most developed in the United Kingdom (UK), with a penetration rate of 14.3 percent. Denmark and Finland completed the top three with approximately 11 and 10 percent. In total, 14 countries in Europe had an insurance penetration rate of more than five percent.

Insurance companies on the European market

As of May 2019, three of the largest life and health insurance companies in Europe by market capitalization were UK companies. Nevertheless, Germany was the country with the largest volume of domestic insurance companies in Europe. More in-depth information on the topic can be found in the Statista dossier on the European insurance market.

Value of domestic market insurance premiums to GDP in Europe in 2018, by country

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Release date

August 2020



Survey time period


Special properties

domestic market.

Supplementary notes

Constant exchange rates.

Domestic market.

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