Topic: Global insurance industry (2024)

Editor’s Picks Current statistics on this topic

InsuranceLife and non-life insurance penetration in selected regions globally 2020-2022
InsuranceGross premiums of the insurance industry worldwide 2000-2020
InsuranceLife and nonlife direct premium writing countries globally 2022, by value of premiums

Further recommended statistics

Market overview

5
  • Premium Statistic Market share of the total insurance market worldwide 2000-2021, by country
  • Premium Statistic Gross premiums of the insurance industry worldwide 2000-2020
  • Premium Statistic Value of global reinsurance capital 2013-2022
  • Premium Statistic Insurance search ad spend worldwide 2020-2021
  • Premium Statistic ESG scores of the worlds' largest insurance companies 2023, by provider

Market overview

  • Premium Statistic Market share of the total insurance market worldwide 2000-2021, by country

    Topic: Global insurance industry (4)

    Market share of the total insurance market worldwide 2000-2021, by country

    Market share of the total insurance market worldwide from 2000 to 2021, by country

  • Premium Statistic Gross premiums of the insurance industry worldwide 2000-2020

    Topic: Global insurance industry (5)

    Gross premiums of the insurance industry worldwide 2000-2020

    Gross premiums written by the insurance industry worldwide 2000 to 2020 (in trillion U.S. dollars)

  • Premium Statistic Value of global reinsurance capital 2013-2022

    Topic: Global insurance industry (6)

    Value of global reinsurance capital 2013-2022

    Value of global reinsurance capital from 2013 to 2022 (in billion U.S. dollars)

  • Premium Statistic Insurance search ad spend worldwide 2020-2021

    Topic: Global insurance industry (7)

    Insurance search ad spend worldwide 2020-2021

    Paid search advertising spending of the insurance industry worldwide in 2020 and 2021 (in million U.S. dollars)

  • Premium Statistic ESG scores of the worlds' largest insurance companies 2023, by provider

    Topic: Global insurance industry (8)

    ESG scores of the worlds' largest insurance companies 2023, by provider

    Comparison of the environmental, social and governance (ESG) scores of the 26 largest insurance companies by market capitalization worldwide in 2023, by ESG score provider

Segments

6
  • Premium Statistic Leading premium writing countries globally 2022, by premiums
  • Premium Statistic Share of insurance direct premiums written globally 2008-2022, by segment
  • Premium Statistic Share of insurance premiums globally 2021, by region
  • Premium Statistic Life and nonlife direct premium writing countries globally 2022, by value of premiums
  • Premium Statistic COVID-19 insurance claims made globally until June 2021, by segment
  • Premium Statistic Share of global population ready for open insurance 2022, by country

Segments

  • Premium Statistic Leading premium writing countries globally 2022, by premiums

    Topic: Global insurance industry (9)

    Leading premium writing countries globally 2022, by premiums

    Leading life and non-life direct premium writing countries globally in 2022, by premiums (in billion U.S. dollars)

  • Premium Statistic Share of insurance direct premiums written globally 2008-2022, by segment

    Topic: Global insurance industry (10)

    Share of insurance direct premiums written globally 2008-2022, by segment

    Distribution of life and health, and property and casualty insurance direct premiums written globally from 2008 to 2022

  • Premium Statistic Share of insurance premiums globally 2021, by region

    Topic: Global insurance industry (11)

    Share of insurance premiums globally 2021, by region

    Distribution of insurance premiums worldwide in 2021, by region

  • Premium Statistic Life and nonlife direct premium writing countries globally 2022, by value of premiums

    Topic: Global insurance industry (12)

    Life and nonlife direct premium writing countries globally 2022, by value of premiums

    Leading life and nonlife direct premium writing countries globally in 2022, by value of premiums (in billion U.S. dollars)

  • Premium Statistic COVID-19 insurance claims made globally until June 2021, by segment

    Topic: Global insurance industry (13)

    COVID-19 insurance claims made globally until June 2021, by segment

    Breakdown of COVID-19 insurance claims worldwide from 2020 to June 2021, by business segment

  • Premium Statistic Share of global population ready for open insurance 2022, by country

    Topic: Global insurance industry (14)

    Share of global population ready for open insurance 2022, by country

    Distribution of open insurance-ready users worldwide in 2022, by country

Leading companies

5
  • Premium Statistic Biggest 50 insurance companies worldwide May 2023, by market cap
  • Premium Statistic Largest life insurance companies globally December 2023, by market capitalization
  • Premium Statistic Leading insurance companies worldwide 2023, by total assets
  • Premium Statistic Leading insurance companies globally 2022, by revenue
  • Premium Statistic Leading global P/C reinsurers 2019-2022, by gross reinsurance premiums written

Leading companies

  • Premium Statistic Biggest 50 insurance companies worldwide May 2023, by market cap

    Topic: Global insurance industry (15)

    Biggest 50 insurance companies worldwide May 2023, by market cap

    Largest insurance companies worldwide as of May 2023, by market capitalization (in billion U.S. dollars)

  • Premium Statistic Largest life insurance companies globally December 2023, by market capitalization

    Topic: Global insurance industry (16)

    Largest life insurance companies globally December 2023, by market capitalization

    Largest life insurance companies worldwide as of December 2023, by market capitalization (in billion U.S. dollars)

  • Premium Statistic Leading insurance companies worldwide 2023, by total assets

    Topic: Global insurance industry (17)

    Leading insurance companies worldwide 2023, by total assets

    Largest insurance companies worldwide as of May 2023, by total assets (in billion U.S. dollars)

  • Premium Statistic Leading insurance companies globally 2022, by revenue

    Topic: Global insurance industry (18)

    Leading insurance companies globally 2022, by revenue

    Leading global insurance companies worldwide in 2022, by revenue (in billion U.S. dollars)

  • Premium Statistic Leading global P/C reinsurers 2019-2022, by gross reinsurance premiums written

    Topic: Global insurance industry (19)

    Leading global P/C reinsurers 2019-2022, by gross reinsurance premiums written

    Leading property/casualty reinsurers globally, by gross reinsurance premiums written from 2019 to 2022 (in billion U.S. dollars)

Sales metrics/consumption

6
  • Premium Statistic Share of consumers who sought and purchased insurance worldwide 2022
  • Premium Statistic Life and non-life insurance penetration in selected regions globally 2020-2022
  • Premium Statistic Price change in commercial insurance worldwide 2015-2023
  • Premium Statistic Price change in commercial property insurance worldwide 2018-2023
  • Premium Statistic Price change in commercial casualty insurance worldwide 2018-2023
  • Premium Statistic Price change in finpro liability insurance worldwide 2018-2022

Sales metrics/consumption

  • Premium Statistic Share of consumers who sought and purchased insurance worldwide 2022

    Topic: Global insurance industry (20)

    Share of consumers who sought and purchased insurance worldwide 2022

    Share of consumers who searched for and bought insurance in selected countries in 2022

  • Premium Statistic Life and non-life insurance penetration in selected regions globally 2020-2022

    Topic: Global insurance industry (21)

    Life and non-life insurance penetration in selected regions globally 2020-2022

    Life and non-life insurance penetration in selected countries and territories worldwide from 2020 to 2022

  • Premium Statistic Price change in commercial insurance worldwide 2015-2023

    Topic: Global insurance industry (22)

    Price change in commercial insurance worldwide 2015-2023

    Percentage change in commercial insurance pricing worldwide from Q1 2015 to Q4 2023

  • Premium Statistic Price change in commercial property insurance worldwide 2018-2023

    Topic: Global insurance industry (23)

    Price change in commercial property insurance worldwide 2018-2023

    Percentage change in commercial property insurance pricing worldwide from Q2 2018 to Q4 2023

  • Premium Statistic Price change in commercial casualty insurance worldwide 2018-2023

    Topic: Global insurance industry (24)

    Price change in commercial casualty insurance worldwide 2018-2023

    Percentage change in commercial casualty insurance pricing worldwide from Q2 2018 to Q4 2023

  • Premium Statistic Price change in finpro liability insurance worldwide 2018-2022

    Topic: Global insurance industry (25)

    Price change in finpro liability insurance worldwide 2018-2022

    Percentage change in financial and professional liability insurance pricing worldwide from Q2 2018 to Q4 2022

Outlook

5
  • Premium Statistic Estimated size of the global insurance market 2021-2022, with forecasts up until 2026
  • Premium Statistic Hiring freezes, downsizing and outsourcing plans in the global insurance sector 2022
  • Premium Statistic Cyber insurance market size worldwide 2017-2022, with forecast for 2025
  • Basic Statistic Travel insurance market size worldwide in 2021, with forecasts up until 2030
  • Premium Statistic Number of open insurance users globally 2021, with forecasts for 2024 and 2032

Outlook

  • Premium Statistic Estimated size of the global insurance market 2021-2022, with forecasts up until 2026

    Topic: Global insurance industry (26)

    Estimated size of the global insurance market 2021-2022, with forecasts up until 2026

    Forecast of the global insurance market in 2021 and 2022, with forecasts from 2023 to 2026 (in billion U.S. dollars)

  • Premium Statistic Hiring freezes, downsizing and outsourcing plans in the global insurance sector 2022

    Topic: Global insurance industry (27)

    Hiring freezes, downsizing and outsourcing plans in the global insurance sector 2022

    Share of insurance CEOs planning selected actions to prepare for an anticipated recession in the next six months worldwide in 2022

  • Premium Statistic Cyber insurance market size worldwide 2017-2022, with forecast for 2025

    Topic: Global insurance industry (28)

    Cyber insurance market size worldwide 2017-2022, with forecast for 2025

    Global cyber insurance market size from 2017 to 2022, with forecast till 2025 (in billion U.S. dollars)

  • Basic Statistic Travel insurance market size worldwide in 2021, with forecasts up until 2030

    Topic: Global insurance industry (29)

    Travel insurance market size worldwide in 2021, with forecasts up until 2030

    Size of the global travel insurance market in 2021, with forecasts from 2022 to 2030 (in billion U.S. dollars)

  • Premium Statistic Number of open insurance users globally 2021, with forecasts for 2024 and 2032

    Topic: Global insurance industry (30)

    Number of open insurance users globally 2021, with forecasts for 2024 and 2032

    Number of open insurance users worldwide in 2021, with forecasts for 2024 and 2032 (in millions)

Topic: Global insurance industry (2024)

FAQs

What is the overview of global insurance? ›

The global insurance market is a vast ecosystem, encompassing a range of services from life and health insurance to property, casualty, and specialty solutions like cyber and travel insurance.

Is insurance the biggest industry in the world? ›

Insurance is one of the largest industries in the world, with a global market value greater than the gross domestic product (GDP) of many countries.

What is the biggest threat to the insurance industry? ›

As the insurance sector grapples with multifaceted challenges, identifying and understanding these risk factors is the first step in crafting a resilient strategy for the future.
  1. Compliance changes. ...
  2. Cybersecurity threats. ...
  3. Technology changes. ...
  4. Climate change & other environmental factors. ...
  5. Talent shortage. ...
  6. Financial risks.
Mar 21, 2024

Why am I interested in the insurance industry? ›

Despite its reputation, insurance offers a variety of rewarding aspects including helping others, job security, engaging work, transferable skills, and the opportunity to connect your career with your passions.

What does Global insurance cover? ›

In the broadest terms, global insurance protects U.S. companies that do business abroad. In many cases, standard business insurance policies do not typically provide coverage outside of the United States.

What is the number 1 global insurance brand? ›

Allianz is the #1 insurance brand globally.

What is the global value of the insurance industry? ›

The global market for insurance was valued at $9.8 trillion in 2021 and is estimated to grow from $5.6 trillion in 2022 to $9.8 trillion 2027, with a compound annual growth rate (CAGR) of 12% for the period of 2022-2027.

What is the role of insurance in the world? ›

Protecting against economic risks

Insurance acts as society's financial safety net, providing a backstop against financial loss for countless risks worldwide and providing guidance and expertise to help customers understand their vulnerabilities and strengthen their resilience.

Which is the richest industry in the world? ›

Biggest industries in the world
  • Technology and information technology (it) Undoubtedly, the technology sector continues to dominate the global landscape. ...
  • Healthcare and pharmaceuticals. ...
  • Automotive. ...
  • Energy. ...
  • Retail and e-commerce.

What are the three biggest issues facing the insurance industry? ›

This article examines the top 5 challenges facing the insurance industry today and how insurers can overcome them.
  • 1) Digital Disruption. ...
  • 2) Regulatory Compliance. ...
  • 3) Climate Change. ...
  • 4) Changing Customer Needs. ...
  • 5) Cybersecurity Threats.
Feb 15, 2024

Is the insurance industry in trouble? ›

The business of insurance, which once was stable and predictable, isn't that way anymore. Growth without sacrificing profitability is challenging, climate change is irrevocably impacting certain risk profiles, distribution needs have become truly omnichannel and customers expect products tailored just for them.

What do insurance companies fear the most? ›

Legitimate Denials

People have successfully fooled insurance companies into paying out for false injuries, so these insurers are often paranoid about paying out for a false claim.

What motivates you in the insurance industry? ›

Sample Answer: I've always been interested in helping people and making sure that they are protected. Insurance is a great way to do that. I want to help people understand how insurance works and why it's important to have it.

Is insurance a high paying industry? ›

Insurance Industry Salary in California. $47,400 is the 25th percentile. Salaries below this are outliers. $65,600 is the 75th percentile.

What is a global insurance program? ›

Global insurance program refers to a multinational insurance program with a coverage territory encompassing the entire world, including the country in which the insured is domiciled.

What does global mean in health insurance? ›

A global health insurance plan is much broader cover than standard holiday or business travel insurance. Aetna provides access to local health care services, emergency cover, maternity care, treatment of ongoing conditions and repatriation if needed.

How does global life insurance work? ›

Globe Life's final expense insurance policies are structured as term policies, with death benefits ranging between $5,000 to $100,000. The application process is also the same as its term life insurance options, with no waiting periods and instant online applications for most people who apply.

What does global travel insurance cover? ›

International travel medical insurance typically offers benefits that cover emergency medical, dental and evacuation services. Some plans, like those with added travel protection benefits, cover specific travel-related circ*mstances, like trip cancellation, trip interruptions or lost baggage.

Top Articles
Latest Posts
Article information

Author: Trent Wehner

Last Updated:

Views: 5736

Rating: 4.6 / 5 (56 voted)

Reviews: 87% of readers found this page helpful

Author information

Name: Trent Wehner

Birthday: 1993-03-14

Address: 872 Kevin Squares, New Codyville, AK 01785-0416

Phone: +18698800304764

Job: Senior Farming Developer

Hobby: Paintball, Calligraphy, Hunting, Flying disc, Lapidary, Rafting, Inline skating

Introduction: My name is Trent Wehner, I am a talented, brainy, zealous, light, funny, gleaming, attractive person who loves writing and wants to share my knowledge and understanding with you.