In 2018, the property and casualty insurance market in North America generated 723 billion U.S. dollars in premiums. As for the size of the African market, it was valued at only 17 billion U.S. dollars. The size of the global property and casualty insurance market reached 1.6 trillion U.S. dollars in that year.
Value of property and casualty insurance premiums written worldwide in 2018, by region
(in billion U.S. dollars)
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McKinsey & Company. (April 1, 2020). Value of property and casualty insurance premiums written worldwide in 2018, by region (in billion U.S. dollars) [Graph]. In Statista. Retrieved February 13, 2025, from https://www.statista.com/statistics/1132539/size-property-casualty-insurance-market-global/?__sso_cookie_checker=failed
McKinsey & Company. "Value of property and casualty insurance premiums written worldwide in 2018, by region (in billion U.S. dollars)." Chart. April 1, 2020. Statista. Accessed February 13, 2025. https://www.statista.com/statistics/1132539/size-property-casualty-insurance-market-global/?__sso_cookie_checker=failed
McKinsey & Company. (2020). Value of property and casualty insurance premiums written worldwide in 2018, by region (in billion U.S. dollars). Statista. Statista Inc.. Accessed: February 13, 2025. https://www.statista.com/statistics/1132539/size-property-casualty-insurance-market-global/?__sso_cookie_checker=failed
McKinsey & Company. "Value of Property and Casualty Insurance Premiums Written Worldwide in 2018, by Region (in Billion U.S. Dollars)." Statista, Statista Inc., 1 Apr 2020, https://www.statista.com/statistics/1132539/size-property-casualty-insurance-market-global/?__sso_cookie_checker=failed
McKinsey & Company, Value of property and casualty insurance premiums written worldwide in 2018, by region (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1132539/size-property-casualty-insurance-market-global/?__sso_cookie_checker=failed (last visited February 13, 2025)
Value of property and casualty insurance premiums written worldwide in 2018, by region (in billion U.S. dollars) [Graph], McKinsey & Company, April 1, 2020. [Online]. Available: https://www.statista.com/statistics/1132539/size-property-casualty-insurance-market-global/?__sso_cookie_checker=failed