Gross premiums of the insurance industry worldwide 2017

This statistic depicts the gross premiums generated by the insurance industry worldwide from 2000 to 2017. The value of gross premiums generated by the insurance industry amounted to approximately 5.05 trillion U.S. dollars in 2017.

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 5.05 trillion U.S. dollars in 2017. 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 premiums written by the life insurance sector globally in the years 2013 to 2015 were higher than the premiums of the non-life sector.

The leading life and non-life direct premium writing country worldwide in 2017, in terms of the value of written premiums, was the United States. The non-life insurance sector proved to be larger than the life sector in 2017 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 2017. Japan was ranked second with 9.88 percent of the global market share.

The leading global insurance companies in 2017 in terms of revenue were Berkshire Hathaway, AXA and Ping An Insurance.

Gross premiums generated by the insurance industry worldwide 2000 to 2017 (in trillion U.S. dollars)*

Gross premiums in trillion U.S. dollars
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
Exclusive Premium statistic

You need a Premium Account for unlimited access.

  • Full access to 1m statistics

  • Incl. source references

  • Available to download in PNG, PDF, XLS format

Premium Account

only $59 / month *
*Duration: 12 months, billed annually, single license

Access to this and all other statistics on 80,000 topics from

$708 / Year

Show detailed source information?
Register for free
Already a member?
Log in
Source

Release date

May 2019

Region

Worldwide

Survey time period

2000 to 2017

Supplementary notes

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

Statista Accounts: Access All Statistics. Starting from $708 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.
This statistic is not included in your account!

Premium Account
Your perfect start with Statista
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references

$59 / Month *

Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract.
   Prices do not include sales tax.

Statistics on "Insurance industry in Canada"

Statista Accounts: Access All Statistics. Starting from $708 / Year
Learn more about how Statista can support your business.