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.
Market share of leading three life and non-life insurance companies in Europe in 2018, by country
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EIOPA. (December 20, 2019). Market share of leading three life and non-life insurance companies in Europe in 2018, by country [Graph]. In Statista. Retrieved May 25, 2022, from https://www.statista.com/statistics/1116178/market-share-life-non-life-insurance-companies-europe-by-country/
EIOPA. "Market share of leading three life and non-life insurance companies in Europe in 2018, by country ." Chart. December 20, 2019. Statista. Accessed May 25, 2022. https://www.statista.com/statistics/1116178/market-share-life-non-life-insurance-companies-europe-by-country/
EIOPA. (2019). Market share of leading three life and non-life insurance companies in Europe in 2018, by country . Statista. Statista Inc.. Accessed: May 25, 2022. https://www.statista.com/statistics/1116178/market-share-life-non-life-insurance-companies-europe-by-country/
EIOPA. "Market Share of Leading Three Life and Non-life Insurance Companies in Europe in 2018, by Country ." Statista, Statista Inc., 20 Dec 2019, https://www.statista.com/statistics/1116178/market-share-life-non-life-insurance-companies-europe-by-country/
EIOPA, Market share of leading three life and non-life insurance companies in Europe in 2018, by country Statista, https://www.statista.com/statistics/1116178/market-share-life-non-life-insurance-companies-europe-by-country/ (last visited May 25, 2022)