Incurred losses for commercial insurance in the United States rose year-on-year between 2013 and 2023. In 2023, the commercial insurance losses reached 222.5 billion U.S. dollars, up from 110.4 billion U.S. dollars in 2013.

In 2023, insurance premiums written in the United States amounted to 1.54 trillion U.S. dollars, which includes property/casualty premiums in addition to life/annuity premiums. This market has been steadily expanding since 2009, however saw a decline in 2020 owing to the economic effects of the coronavirus (COVID-19) pandemic. The amount of money charged to the organization or person for the insurance coverage is known as the premium. Between 2021 and 2022, the value of gross premiums written in all 38 OECD countries grew by 100 billion U.S. dollars. Which country leads the global insurance market? The United States was the leading direct premium writing country worldwide in terms of the value of written premiums. The non-life insurance sector turned out to be larger than the life sector in the United States. In 2023, the value of both life and non-life insurance premiums in the United States was estimated to account for approximately 55 percent of the global market share. China was ranked second with a 12 percent share of the global market. Leading insurance companies globally by revenue The Berkshire Hathaway Corporation, which is owned by Warren Buffett and has its headquarters in the United States state of Nebraska, ranked as the largest insurance company globally in 2023, with revenues exceeding 364 billion U.S. dollars. Nonetheless, the subsequent largest insurer was Ping An Insurance, which is situated in the rapidly expanding Chinese city of Shenzhen.

Oregon workers' compensation data about insurers and self-insured employers. The data is presented in the Department of Consumer and Business Services report at https://www.oregon.gov/dcbs/reports/compensation/Pages/index.aspx. The attached pdf provides definitions of the data.

This statistic presents the net written premiums for non-MAT (marine, aviation and transport) reinsurances of the general business insurance market in the United Kingdom (UK) from 2007 to 2018. In 2018, the net written reinsurances premiums amounted to 776 million British pounds (GBP).

Hong Kong Gross Premium: RB: Year to Date: General Liability data was reported at 878,969.000 HKD th in Jun 2018. This records an increase from the previous number of 489,746.000 HKD th for Mar 2018. Hong Kong Gross Premium: RB: Year to Date: General Liability data is updated quarterly, averaging 776,475.000 HKD th from Mar 2007 (Median) to Jun 2018, with 46 observations. The data reached an all-time high of 1,597,517.000 HKD th in Dec 2013 and a record low of 230,580.000 HKD th in Mar 2009. Hong Kong Gross Premium: RB: Year to Date: General Liability data remains active status in CEIC and is reported by Office of the Commissioner of Insurance. The data is categorized under Global Database’s Hong Kong SAR – Table HK.Z023: Insurance Statistics: General Business: Reinsurance Inward Business (Provisional).

In 2023, Chubb Ltd led the commercial lines insurance market in the United States, ahead of Travelers Companies Inc. In that year, with direct commercial lines insurance premiums written amounting to 25.5 billion U.S. dollars, Chubb Ltd. had a market share of 5.5 percent. Insurance and commercial lines insurance The general definition of insurance is the transfer of a risk of a loss that could be incurred from one entity to another entity in exchange for payment. In the face of uncertain loss, insurance manages risk, ensuring some degree of financial security should an unforeseen event result in loss. The institution or individual that purchases the insurance from the company that offers it is known as the ‘insured’ or the ‘policy holder’. The amount of money charged to the insured is known as the premium. The premium is determined by the level of risk that is posed. If a catastrophic event such as a natural disaster was to occur and the insured suffered, as a result the insurer would have to pay out. In order that risk may be shared between companies, reinsurers often purchase insurance from the insurance company. This displacement of risk reduces expose and allows the insurer to take on more risk from other clients as a result.Commercial lines insurance are insurance products designed for and bought by businesses. The major forms of coverage include machinery, general liability, fire, business interruption, product liability and workers compensation among many others. Most of the different forms of coverage can be purchased separately, with the exception of business interruption which must be purchased as part of the fire insurance policy.

Abstract copyright UK Data Service and data collection copyright owner. The Organisation for Economic Co-operation and Development (OECD) Insurance Statistics are presented in the following tables: Balance sheet and income The balance sheet and income dataset shows data for direct insurance and reinsurance by life, non-life and composite categories shown in US dollars or national currency. Data are available from 2008 onwards. Business written in the reporting country This dataset contains business written in the reporting country on a gross and net premium basis. It contains a breakdown by ownership between domestic companies, foreign-controlled companies and branches and agencies or foreign companies. It also comprises various type of premiums (gross premiums, premiums ceded, net written premium) as well as insurance type (life, non-life, composite) and facultative reinsurance may be included under (direct business or reinsurance accepted) according to practice in the reporting country. Data are expressed in national currency, USD or Euro (in millions) and presented from 1983 onwards. Commissions This dataset includes statistics related to commissions in the reporting country, containing a breakdown between domestic companies, foreign-controlled companies and branches and agencies of foreign companies. The commissions in the reporting country can then be compared by ownership (domestic undertakings, foreign controlled undertakings, branches and agencies of foreign undertakings) by insurance type (life, non-life, composite) and facultative reinsurance (direct business, reinsurance accepted). Data are expressed in national currency, USD or Euro (in millions) and presented from 1993 onwards. Gross claims payments This dataset contains data related to gross claims payments in the reporting country, containing a breakdown between domestic companies, foreign-controlled companies and branches and agencies of foreign companies. The core variable can be further analysed by type of insurance (life, non-life, composite). Data are expressed in national currency, USD or Euro (in millions) and starting from 1993 onwards. Gross operating expenses This dataset contains gross operating expenses in the reporting country, with a breakdown between domestic companies, foreign-controlled companies and branches and agencies of foreign companies. This table also compares the core variable by type of insurance (life, non-life, composite) and currency (euro, USD). Data are available starting from 1993. Insurance activity indicators This comparative table comprises statistics on the insurance industry indicators as this sector is a key component of the economy by virtue of the amount of premiums it collects, the scale of its investment and the essential social and economic role it plays on personal and business risk coverage. This dataset includes insurance activity indicators such as market share, density, penetration, life insurance share, premiums per employee, retention ratio, ratio of reinsurance accepted, market share of foreign companies and market share of branches/agencies. Data are presented from 1983 onwards with annual datapoints. Insurance business by domestic and foreign risks This subset of OECD Insurance Statistics presents statistics on the insurance industry with a focus on domestic and foreign business risk. The type of risk can be further analysed by type of premium (net written premium, gross premiums, premium ceded), ownership (domestic company, foreign controlled undertakings, branches and agencies of foreign undertakings) and type of insurance (life, non-life, composite). Data are expressed in different currency terms and are presented from 1983 onwards. Insurance business written abroad by branches This dataset includes statistics pertaining to the insurance business written abroad by branches. It also includes variables such as premium type (gross premium, premium ceded, net written premium), branches and agencies, subsidiaries, insurance type (life, non-life, composite), partner country, direct business and reinsurance accepted. Data are expressed in national currency, USD or Euro (in millions) and are presented from 1983 onwards. Insurance business written in the reporting country This dataset includes statistics on business written in the reporting country by premiums (gross premium, premium ceded, net written premium), by classes of non-life insurance (freight insurance, general liability insurance, treaty reinsurance). Business should include all business written in the reporting country, whether in respect of domestic or foreign (worldwide) risks. Data are presented from 1987 onwards. General Insurance Statistics This dataset provides information on number of insurance companies and employees within the sector. The number of insurance undertakings is then examined by ownership (domestic undertakings, foreign controlled undertakings, branches and agencies of foreign undertakings) and by insurance type (life, non-life, composite, reinsurance). Number of insurance employees is also available by employer type (insurance undertakings, intermediaries). Data is available starting from 1983. Destinations of investments by direct insurance or reinsurance companies This dataset includes statistics related to outstanding investment by direct insurance companies, classified by investment category (real estate, mortgage loans, shares, bonds, loans, other investment), companies nationality, destination (foreign or domestic), ownership, insurance type, insurer type (direct insurer, reinsurer). Data are expressed in different currencies and are available from 1988 onwards. These data were first provided by the UK Data Service in October 2014.

Graph and download economic data for Producer Price Index by Industry: Premiums for Property and Casualty Insurance: Premiums for Commercial Auto Insurance (PCU9241269241263) from Jun 1998 to May 2025 about property-casualty, premium, insurance, vehicles, commercial, PPI, industry, inflation, price index, indexes, price, and USA.

In 2019, ** percent of commercial insurance purchased via broker in the United States. In contrast, ** percent of commercial insurance policies were sold by non-brokers in the developing Asia-Pacific market.

In 2022, "public liability insurance" was the most searched business insurance term on Google in the United Kingdom (UK), according to Pi Datametrics.That search term was used ****** times on average per month. This was followed by "van insurance" with ****** monthly searches and "insurance quote for van" with ****** monthly searches on average.

Number of Businesses statistics on the Business Insurance industry in the US

Key Statistics on Business Performance and Operating Characteristics of the Financing and Insurance, Professional and Business Services Sectors - Table 645-75020 : Principal Statistics for All Establishments in the Insurance Industry by Detailed Industry

Business Analyst Report

Dataset

This dataset was created by Bunty Shah

Contents

Number of Businesses statistics on the Property, Casualty and Direct Insurance industry in the US

In 2023, property insurance premiums accounted for over ** percent of all commercial non-life insurance premiums written in the United Kingdom. Professional liability insurance and maritime, aviation, and transport insurance completed the top three, making up almost ** percent of commercial non-life gross written premiums in the UK.

Graph and download economic data for Producer Price Index by Industry: Premiums for Property and Casualty Insurance: Premiums for Commercial Multiple Peril Insurance (PCU9241269241265) from Jun 1998 to May 2025 about property-casualty, premium, insurance, commercial, PPI, industry, inflation, price index, indexes, price, and USA.

Gross Premium: DB: ytd: Accident and Health: Non-Medical data was reported at 687,920.000 HKD th in Mar 2018. This records a decrease from the previous number of 2,790,547.000 HKD th for Dec 2017. Gross Premium: DB: ytd: Accident and Health: Non-Medical data is updated quarterly, averaging 1,276,198.000 HKD th from Mar 2011 (Median) to Mar 2018, with 29 observations. The data reached an all-time high of 3,265,371.000 HKD th in Dec 2015 and a record low of 405,124.000 HKD th in Mar 2011. Gross Premium: DB: ytd: Accident and Health: Non-Medical data remains active status in CEIC and is reported by Office of the Commissioner of Insurance. The data is categorized under Global Database’s Hong Kong – Table HK.Z022: Insurance Statistics: General Business: Direct Business (Provisional).

This dataset presents estimates of intermediate goods consumed by insurance companies operating in Qatar, disaggregated by company nationality and type of goods. Values are reported in thousands of Qatari Riyals (QR).

This statistic shows the level of underwriting automation in the large and national markets commercial insurance industry in 2016. In that survey, 39 percent of the respondents said that their company was struggling or had no plans to implement underwriting automation.