The motor insurance market in Europe in terms of gross written premiums was worth approximately 149.4 billion euros in 2020. Combined, Europe's three largest markets accounted for almost half of the total amount. As of 2020, the largest motor insurance market for gross premiums written in Europe was Germany at a value of 28.8 billion euros.
Largest motor insurance markets in gross written premiums in Europe from 2004 to 2020, by country
(in billion euros)
Rest of Europe figures are calculated by Statista using values provided by the source.
Gross written premiums: gross premiums written comprise all amounts due during the financial year in respect of insurance contracts regardless of the fact that such amounts may relate in whole or in part to a later financial year, and shall include inter alia: (i) premiums yet to be written, where the premium calculation can be done only at the end of the year; (ii) single premiums; (iii) additional premiums in the case of half-yearly, quarterly or monthly payments and additional payments from policyholders for expenses borne by the insurance undertaking; (iv) in the case of co-insurance, the undertaking's portion of total premiums. The above amounts shall not include the amounts of taxes or charges levied with premiums (from Article 35 of Directive EC 91/674/EEC). Accepted reinsurance is excluded (ie corresponds to direct business).
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Insurance Europe. (August 5, 2022). Largest motor insurance markets in gross written premiums in Europe from 2004 to 2020, by country (in billion euros) [Graph]. In Statista. Retrieved November 02, 2024, from https://www.statista.com/statistics/1062857/motor-insurance-written-premiums-in-europe-by-leading-countries/
Insurance Europe. "Largest motor insurance markets in gross written premiums in Europe from 2004 to 2020, by country (in billion euros)." Chart. August 5, 2022. Statista. Accessed November 02, 2024. https://www.statista.com/statistics/1062857/motor-insurance-written-premiums-in-europe-by-leading-countries/
Insurance Europe. (2022). Largest motor insurance markets in gross written premiums in Europe from 2004 to 2020, by country (in billion euros). Statista. Statista Inc.. Accessed: November 02, 2024. https://www.statista.com/statistics/1062857/motor-insurance-written-premiums-in-europe-by-leading-countries/
Insurance Europe. "Largest Motor Insurance Markets in Gross Written Premiums in Europe from 2004 to 2020, by Country (in Billion Euros)." Statista, Statista Inc., 5 Aug 2022, https://www.statista.com/statistics/1062857/motor-insurance-written-premiums-in-europe-by-leading-countries/
Insurance Europe, Largest motor insurance markets in gross written premiums in Europe from 2004 to 2020, by country (in billion euros) Statista, https://www.statista.com/statistics/1062857/motor-insurance-written-premiums-in-europe-by-leading-countries/ (last visited November 02, 2024)
Largest motor insurance markets in gross written premiums in Europe from 2004 to 2020, by country (in billion euros) [Graph], Insurance Europe, August 5, 2022. [Online]. Available: https://www.statista.com/statistics/1062857/motor-insurance-written-premiums-in-europe-by-leading-countries/