In 2022, the United States was the largest insurance market worldwide with 2.96 trillion U.S. dollars in premiums written. The People's Republic of China and the United Kingdom followed behind with direct premiums worth approximately 698 billion and 363 billion U.S. dollars, respectively.
Leading life and nonlife direct premium writing countries globally in 2022, by value of premiums
(in billion U.S. dollars)
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.
India: Estimated or provisional; April 1, 2022 to March 31, 2023.
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Insurance Information Institute. (October 1, 2023). Leading life and nonlife direct premium writing countries globally in 2022, by value of premiums (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/273287/top-10-countries-by-volume-of-gross-insurance-premiums/
Insurance Information Institute. "Leading life and nonlife direct premium writing countries globally in 2022, by value of premiums (in billion U.S. dollars)." Chart. October 1, 2023. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/273287/top-10-countries-by-volume-of-gross-insurance-premiums/
Insurance Information Institute. (2023). Leading life and nonlife direct premium writing countries globally in 2022, by value of premiums (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/273287/top-10-countries-by-volume-of-gross-insurance-premiums/
Insurance Information Institute. "Leading Life and Nonlife Direct Premium Writing Countries Globally in 2022, by Value of Premiums (in Billion U.S. Dollars)." Statista, Statista Inc., 1 Oct 2023, https://www.statista.com/statistics/273287/top-10-countries-by-volume-of-gross-insurance-premiums/
Insurance Information Institute, Leading life and nonlife direct premium writing countries globally in 2022, by value of premiums (in billion U.S. dollars) Statista, https://www.statista.com/statistics/273287/top-10-countries-by-volume-of-gross-insurance-premiums/ (last visited December 21, 2024)
Leading life and nonlife direct premium writing countries globally in 2022, by value of premiums (in billion U.S. dollars) [Graph], Insurance Information Institute, October 1, 2023. [Online]. Available: https://www.statista.com/statistics/273287/top-10-countries-by-volume-of-gross-insurance-premiums/
