Expense insurance ratios in Europe 2023, by country
In 2023, the life insurance market in Germany was more profitable than the non-life insurance market based on the expense ratio. Meanwhile, the opposite was true in the Netherlands. The expense ratio, which is the sum of expenses divided by premiums earned, is a measure of profitability used to compare insurance markets. It can be displayed as a measure of one or as a percentage of 100. A ratio of under one means that companies are earning more premiums than they are paying out in expenses.
