Market concentration of insurance companies in European countries 2018, by segment

Market concentration is an easy way to illustrate how the market within an industry is distributed among companies of various sizes. In 2018, Germany, Sweden and Italy were the counties with the least concentrated life insurance market in Europe. In all three countries, the combined market share of the three largest life insurance companies did not exceed 35 percent. In terms of the non-life segment, France led the ranking with the top three insurers making up for 14 percent of the market. In contrast, in Latvia, 100 percent of the life market and 95 percent of the non-life market was dominated by the three largest insurers.