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Insurance premiums written on the European market 2018, by country

Insurance premiums are the amount paid to an insurance company for an insurance policy and make up the primary revenue source for insurers. In 2018, the United Kingdom (UK), France and Germany were the three largest European markets.

Insurance penetration

The insurance penetration rate shows how the sector relates to the economy of the country and is calculated as the ratio of insurance premiums written to the GDP of the country. In the UK, insurance penetration was 14.3 percent, the highest in Europe.

Market concentration

The importance of the sector to the economy can also be seen in the market concentration. Bigger markets are less concentrated, meaning that the largest companies make up a smaller share of the market. In Germany, for instance, the leading three life and non-life insurers made up 24 and 26 percent of the market share, respectively. Germany also led the ranking by number of domestic insurers.

Leading countries for total premiums written on the insurance market in Europe in 2018, by country

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Release date

August 2020



Survey time period


Supplementary notes

Figures have been rounded.

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Statistics on "KPI's of Europe's largest insurers"

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