In 2023, France and Germany were the largest insurance markets in Europe. However, France had a larger life insurance market and Germany led the way for non-life insurance. In that year, life insurance premiums written in France reached ****** billion euros.

Written premiums account for the amount that customers pay insurance companies for the coverage provided and are, therefore, the main source of revenue for the sector. The insurance penetration rate shows how the sector relates to the economy of the country and is calculated as the ratio of insurance premiums written to the GDP of the country. Insurance penetration in Europe Among all European countries in 2023, the insurance sector was most developed in Luxembourg, with a penetration rate of **** percent. The United Kingdom and Sweden completed the top three with approximately **** and **** percent penetration, respectively. In total, ** countries in Europe had an insurance penetration rate of **** percent or higher Insurance companies on the European market As of November 2024, the largest life and health insurance company in Europe by market capitalization was headquartered in Germany. Nevertheless, France was the country with the largest volume of domestic insurance companies in Europe. More in-depth information on the topic can be found in the Statista dossier on the European insurance market.

The Europe Pet Insurance Market Report is Segmented by Policy Type (Pet Health Insurance, Pet Liability Insurance), Animal Type (Dogs, Cats), Sales Channel (Direct To Consumer, Broker/Agent, Bancassurance, Online Aggregators & Insurtech Platforms), and Geography (UK, Germany, France, Spain, Italy, BENELUX, NORDICS, Rest of Europe). The Market Forecasts are Provided in Terms of Value (USD).

A total of ** countries in Europe reported gross direct premiums in the life insurance sector amounting to more than ** billion euros in 2023. France had the highest amount at almost *** billion euros, followed by Germany and Italy at approximately *** and **** billion euros respectively. The top three countries accounted for almost ** percent of the total life insurance market in Europe. In 2023, the total amount of direct gross written premiums on the European life insurance market was over *** billion euros.

In 2023, Europe Travel Insurance Market reached a value of USD 6.51 billion, and it is projected to surge to USD 14.56 billion by 2030

Historical series of financial data from European insurance enterprises updated on a annual basis.

EIOPA’s new insurance statistics are based on Solvency II regular reporting information from insurance undertakings and groups in the European Union and the European Economic Area (EEA). These statistics provide the most up-to-date and comprehensive picture of the European insurance sector, including country breakdowns and distributions of key variables, allowing for the comparability of high-quality data. Every publication is accompanied by a description of key aspects of the published statistics.

The Group annually publication provide indicators based on insurance group reporting. It includes "Solvency II balance sheet", "own funds/Solvency Capital Requirement (SCR)", and "premiums, claims and expenses" data . The information is available at EEA level.

The Europe Embedded Insurance Report is Segmented by Insurance Line (Electronics, Furniture, Sports Equipment, Travel Insurance, Others), Distribution Channel (Online, Offline), End-User Industry (Personal/Consumer, Business), and Geography (United Kingdom, Germany, France, Spain, Italy, BENELUX, NORDICS, Rest of Europe). The Market Forecasts are Provided in Terms of Value (USD).

Historical series of financial data from European insurance enterprises updated on a quarterly basis.

EIOPA’s new insurance statistics are based on Solvency II regular reporting information from insurance undertakings and groups in the European Union and the European Economic Area (EEA). These statistics provide the most up-to-date and comprehensive picture of the European insurance sector, including country breakdowns and distributions of key variables, allowing for the comparability of high-quality data. Every publication is accompanied by a description of key aspects of the published statistics.

The Solo Quarterly publication provide statistics about individual insurance undertakings (solo undertakings) based on solo prudential reporting data. It includes "Solvency II balance sheet", "own funds/Solvency Capital Requirement (SCR)", "premiums, claims and expenses" and "Asset exposure" data. This information is available on a country-by-country basis.

United States Supplemental Insurance: Europe: Premiums Received: Reinsurance data was reported at 8.079 USD bn in 2016. This records a decrease from the previous number of 8.158 USD bn for 2015. United States Supplemental Insurance: Europe: Premiums Received: Reinsurance data is updated yearly, averaging 6.595 USD bn from Dec 1999 (Median) to 2016, with 18 observations. The data reached an all-time high of 8.232 USD bn in 2004 and a record low of 2.436 USD bn in 1999. United States Supplemental Insurance: Europe: Premiums Received: Reinsurance data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.JA023: Trade Statistics: Services: Europe.

In 2023, the United Kingdom was the largest life insurance market in Europe, followed by France and Italy. In that year, the value of direct life insurance premiums in the UK reached 267.89 billion U.S. dollars. France had a value of approximately 169.5 billion U.S. dollars in direct premiums written.

United States Supplemental Insurance: Europe: Premiums Received: Direct data was reported at 382.000 USD mn in 2016. This records a decrease from the previous number of 726.000 USD mn for 2015. United States Supplemental Insurance: Europe: Premiums Received: Direct data is updated yearly, averaging 823.000 USD mn from Dec 1999 (Median) to 2016, with 18 observations. The data reached an all-time high of 1.322 USD bn in 2006 and a record low of 163.000 USD mn in 1999. United States Supplemental Insurance: Europe: Premiums Received: Direct data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.JA023: Trade Statistics: Services: Europe.

Insurance and financial services (% of commercial service imports) in European Union was reported at 7.067 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. European Union - Insurance and financial services (% of commercial service imports) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Graph and download economic data for Harmonized Index of Consumer Prices: Insurance Connected with Health for Euro Area (19 Countries) (CP1253EZ19M086NEST) from Dec 2000 to Aug 2025 about health, insurance, Euro Area, harmonized, Europe, CPI, price index, indexes, and price.

United States Supplemental Insurance: Europe: Premiums Paid: Reinsurance data was reported at 43.091 USD bn in 2016. This records an increase from the previous number of 35.728 USD bn for 2015. United States Supplemental Insurance: Europe: Premiums Paid: Reinsurance data is updated yearly, averaging 29.249 USD bn from Dec 1999 (Median) to 2016, with 17 observations. The data reached an all-time high of 43.091 USD bn in 2016 and a record low of 7.958 USD bn in 1999. United States Supplemental Insurance: Europe: Premiums Paid: Reinsurance data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.JA023: Trade Statistics: Services: Europe.

Supplemental Insurance: Europe: Premiums Paid data was reported at 44.981 USD bn in 2016. This records an increase from the previous number of 37.726 USD bn for 2015. Supplemental Insurance: Europe: Premiums Paid data is updated yearly, averaging 32.069 USD bn from Dec 1999 (Median) to 2016, with 17 observations. The data reached an all-time high of 44.981 USD bn in 2016 and a record low of 9.147 USD bn in 1999. Supplemental Insurance: Europe: Premiums Paid data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.JA023: Trade Statistics: Services: Europe.

Supplemental Insurance: Europe: Premiums Paid: Direct data was reported at 1.890 USD bn in 2016. This records a decrease from the previous number of 1.999 USD bn for 2015. Supplemental Insurance: Europe: Premiums Paid: Direct data is updated yearly, averaging 2.133 USD bn from Dec 1999 (Median) to 2016, with 17 observations. The data reached an all-time high of 2.820 USD bn in 2012 and a record low of 1.189 USD bn in 1999. Supplemental Insurance: Europe: Premiums Paid: Direct data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.JA023: Trade Statistics: Services: Europe.

The Europe Car Insurance Market Report is Segmented by Vehicle Type (Personal, Commercial), Insurance Type (Third-Party, Comprehensive), Distribution Channel (Direct, Agents, Brokers, Banks, Other Distribution Channels), and Geography (United Kingdom, Germany, France, Spain, Italy, BENELUX, NORDICS, Rest of Europe). The Market Forecasts are Provided in Terms of Value (USD).

United States Supplemental Insurance: Europe: Losses Paid data was reported at 4.702 USD bn in 2016. This records a decrease from the previous number of 6.150 USD bn for 2015. United States Supplemental Insurance: Europe: Losses Paid data is updated yearly, averaging 4.685 USD bn from Dec 1999 (Median) to 2016, with 18 observations. The data reached an all-time high of 8.160 USD bn in 2011 and a record low of 2.438 USD bn in 1999. United States Supplemental Insurance: Europe: Losses Paid data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.JA023: Trade Statistics: Services: Europe.

As of July 2025, Allianz was the leading life and health insurer in Europe, with a market value of about ***** billion U.S. dollars. The second-largest European life and health insurance company, with a market value of approximately ****billion U.S. dollars, was Swiss insurer Chubb. Allianz was also the largest European insurance company by total assets. Market capitalization Market capitalization, also known as stock market value, is the total value of issued shares of a publicly traded company. It is equal to the share price multiplied by the number of shares outstanding. It applies only to publicly traded companies or companies that have made their stock market debut, also known as the initial public offering, or an IPO. Due to the practice of buying and selling stock in public markets, market capitalization can be used as a proxy for the wider public’s opinion of a company’s net worth. The insurance industry in the United Kingdom (UK) Although the largest insurers hailed from Germany and Switzerland, France was still the largest insurance market. The UK is the largest insurance industry in Europe by premiums written. In the same year, the ratio of premiums to GDP, also referred to as insurance penetration, was ***** percent.

Graph and download economic data for Harmonized Index of Consumer Prices: Insurance Connected with the Dwelling for European Union (27 Countries from 2020) (CP1252EU272020M086NEST) from Dec 2000 to Aug 2025 about EU, insurance, harmonized, Europe, CPI, housing, price index, indexes, and price.