In 2020, the United States was the largest insurance market worldwide with 2.53 trillion U.S. dollars in premiums written. The People's Republic of China and Japan followed behind with direct premiums worth approximately 656 billion and 415 billion U.S. dollars, respectively.
Leading life and nonlife direct premium writing countries globally in 2020, by value of premiums
(in billion U.S. dollars)
United States: Nonlife premiums include private medical insurance and state funds; life premiums include an estimate of group pension business; Life premiums are estimated.
Japan: Estimated or provisional; April 1, 2020 to March 31, 2021.
United Kingdom: Estimated or provisional.
France: Estimated or provisional.
Germany: Estimated or provisional.
Italy: Estimated or provisional.
South Korea: Estimated or provisional; April 1, 2020 to March 31, 2021.
Canada: Estimated or provisional; Life premiums are net premiums.
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Insurance Information Institute. (September 16, 2021). Leading life and nonlife direct premium writing countries globally in 2020, by value of premiums (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 02, 2022, from https://www.statista.com/statistics/273287/top-10-countries-by-volume-of-gross-insurance-premiums/
Insurance Information Institute. "Leading life and nonlife direct premium writing countries globally in 2020, by value of premiums (in billion U.S. dollars)." Chart. September 16, 2021. Statista. Accessed July 02, 2022. https://www.statista.com/statistics/273287/top-10-countries-by-volume-of-gross-insurance-premiums/
Insurance Information Institute. (2021). Leading life and nonlife direct premium writing countries globally in 2020, by value of premiums (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 02, 2022. https://www.statista.com/statistics/273287/top-10-countries-by-volume-of-gross-insurance-premiums/
Insurance Information Institute. "Leading Life and Nonlife Direct Premium Writing Countries Globally in 2020, by Value of Premiums (in Billion U.S. Dollars)." Statista, Statista Inc., 16 Sep 2021, https://www.statista.com/statistics/273287/top-10-countries-by-volume-of-gross-insurance-premiums/
Insurance Information Institute, Leading life and nonlife direct premium writing countries globally in 2020, by value of premiums (in billion U.S. dollars) Statista, https://www.statista.com/statistics/273287/top-10-countries-by-volume-of-gross-insurance-premiums/ (last visited July 02, 2022)
