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Gross premiums of the insurance industry worldwide 2018

This statistic depicts the gross premiums generated by the insurance industry worldwide from 2000 to 2018. The value of gross premiums generated by the insurance industry amounted to approximately 5.3 trillion U.S. dollars in 2018.

Premiums of the insurance industry – additional information

The value of gross premiums generated by the insurance industry worldwide increased from 2.51 trillion U.S. dollars in 2000 to 5.3 trillion U.S. dollars in 2018. The whole insurance industry is divided into two broad categories – life insurance and non-life insurance (in the United States and Canada called property and casualty insurance). The leading global insurance companies in 2018 in terms of revenue were Berkshire Hathaway, Ping An Insurance, and Allianz.

The leading life and non-life direct premium writing country worldwide is the United States, in terms of the value of written premiums. The non-life insurance sector proved to be larger than the life sector in the United States. The value of both life and non-life insurance premiums in the United States accounted for approximately 28 percent of the global market share in 2018. China was ranked second with 11 percent of the global market share.

Gross premiums generated by the insurance industry worldwide 2000 to 2018 (in trillion U.S. dollars)*

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Source

Release date

June 2020

Region

Worldwide

Survey time period

2000 to 2018

Supplementary notes

*This data only includes gross premiums generated by OECD member countries.

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Statistics on "MetLife"

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