Market share of the total insurance market worldwide 2000-2022, by country

Published by Jennifer Rudden, Nov 1, 2024

Between 2000 and 2022, the United States has consistently held the largest share of the insurance market globally. Alone, the U.S. made up almost 58 percent of the entire insurance market in 2022. The five largest markets in 2022 combined held a market share of more than 80 percent. 

Leading insurers

The companies with largest shares of the market in 2023 were the U.S.-headquartered UnitedHealth, the Chinese Ping An Insurance, and China Life Insurance. No European insurer featured in the top five, though German Allianz was the sixth-largest insurer.

Market share of the total insurance market worldwide from 2000 to 2022, by country

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Source

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Release date

April 2024

Region

Worldwide

Survey time period

2000 to 2022

Supplementary notes

The source added the following information "National insurance market share is defined as a country's national insurance market compared with the OECD insurance market total. It measures the importance of the national insurance market as an index using the OECD insurance market total as base; OECD=100"

* All other OECD countries account for less than one percent of the total market each.
No data provided by the source for South Korea in 2019. No data provided by the source for Canada since 2018.

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