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Gross premiums of the insurance industry worldwide 2017

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

by Jennifer Rudden, last edited Jul 17, 2019
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.
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Gross premiums generated by the insurance industry worldwide 2000 to 2017 (in trillion U.S. dollars)*

Gross premiums in trillion U.S. dollars
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by Jennifer Rudden, last edited Jul 17, 2019
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.
Show more
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