In 2022, premiums written worldwide in the property and casualty (P&C) insurance segment were higher than those in life and health (L&H) insurance. The P&C segment overtook the the L&H segment for the first time in at least a decade in 2018, accounting for about 52 percent global direct insurance premiums written from 2017 to 2022. Prior to this, L&H insurance premiums account for between 51 and 59 percent of premiums written worldwide since 2008.
Distribution of life and health, and property and casualty insurance direct premiums written globally from 2008 to 2022
Characteristic
Property/casualty
Life/health
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Insurance Information Institute. (August 14, 2023). Distribution of life and health, and property and casualty insurance direct premiums written globally from 2008 to 2022 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1192942/world-share-life-and-nonlife-insurance-premiums-written/
Insurance Information Institute. "Distribution of life and health, and property and casualty insurance direct premiums written globally from 2008 to 2022." Chart. August 14, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1192942/world-share-life-and-nonlife-insurance-premiums-written/
Insurance Information Institute. (2023). Distribution of life and health, and property and casualty insurance direct premiums written globally from 2008 to 2022. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1192942/world-share-life-and-nonlife-insurance-premiums-written/
Insurance Information Institute. "Distribution of Life and Health, and Property and Casualty Insurance Direct Premiums Written Globally from 2008 to 2022." Statista, Statista Inc., 14 Aug 2023, https://www.statista.com/statistics/1192942/world-share-life-and-nonlife-insurance-premiums-written/
Insurance Information Institute, Distribution of life and health, and property and casualty insurance direct premiums written globally from 2008 to 2022 Statista, https://www.statista.com/statistics/1192942/world-share-life-and-nonlife-insurance-premiums-written/ (last visited July 22, 2024)
Distribution of life and health, and property and casualty insurance direct premiums written globally from 2008 to 2022 [Graph], Insurance Information Institute, August 14, 2023. [Online]. Available: https://www.statista.com/statistics/1192942/world-share-life-and-nonlife-insurance-premiums-written/