In 2022, over 43 percent of life and non-life premiums worldwide were written in the United States, which was approximately four times greater than the market share held by China. Since 2010, the value of insurance premiums written in the U.S. has exceeded one trillion U.S. dollars annually.
Market share of leading life and non-life direct premium writing territories globally in 2022
Before reinsurance transactions. Non-life insurance premiums include accident and health insurance.
Supplementary notes
United States: Nonlife premiums include private medical insurance and state funds; life premiums include an estimate of group pension business; Life premiums are estimated.
Japan: Estimated or provisional; April 1, 2022 to March 31, 2023.
United Kingdom: Estimated or provisional.
France: Estimated or provisional.
Germany: Estimated or provisional.
Italy: Estimated or provisional.
South Korea: Estimated or provisional; April 1, 2022 to March 31, 2023.
Canada: Estimated or provisional; Life premiums are net premiums.
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Insurance Information Institute. (December 6, 2023). Market share of leading life and non-life direct premium writing territories globally in 2022 [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/217269/leading-countries-by-percent-of-total-world-life-and-nonlife-premiums-written/
Insurance Information Institute. "Market share of leading life and non-life direct premium writing territories globally in 2022." Chart. December 6, 2023. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/217269/leading-countries-by-percent-of-total-world-life-and-nonlife-premiums-written/
Insurance Information Institute. (2023). Market share of leading life and non-life direct premium writing territories globally in 2022. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/217269/leading-countries-by-percent-of-total-world-life-and-nonlife-premiums-written/
Insurance Information Institute. "Market Share of Leading Life and Non-life Direct Premium Writing Territories Globally in 2022." Statista, Statista Inc., 6 Dec 2023, https://www.statista.com/statistics/217269/leading-countries-by-percent-of-total-world-life-and-nonlife-premiums-written/
Insurance Information Institute, Market share of leading life and non-life direct premium writing territories globally in 2022 Statista, https://www.statista.com/statistics/217269/leading-countries-by-percent-of-total-world-life-and-nonlife-premiums-written/ (last visited December 21, 2024)
Market share of leading life and non-life direct premium writing territories globally in 2022 [Graph], Insurance Information Institute, December 6, 2023. [Online]. Available: https://www.statista.com/statistics/217269/leading-countries-by-percent-of-total-world-life-and-nonlife-premiums-written/