In 2023, the global insurance industry wrote life premiums worth approximately *** trillion U.S. dollars, and non-life premiums to the value of around *** trillion U.S. dollars.

Description: This dataset contains 1,000 rows of synthetic data simulating car insurance premiums, calculated using a linear formula. It incorporates key features such as driver age, driving experience, accident history, annual mileage, and car manufacturing year to predict the insurance premium. The dataset is ideal for exploring linear regression models, feature importance analysis, and predictive modeling in the insurance industry. It was inspired by real-world factors influencing insurance premiums, ensuring realistic patterns and meaningful insights.

This file contains premium data taken from the private motor National Claims Information Database (NCID). Premiums and policy numbers are presented on a “written” and “earned” policy basis and further broken down by different levels of cover - comprehensive and third party. To view the detailed NCID report refer to the Central Bank publication link under Additional Info.

It is forecast that the global insurance market will grow by about ************ U.S. dollars between 2024 and 2029, reaching almost ** trillion U.S. dollars. How have gross premiums written evolved? Gross premiums written signify the total premiums collected by an insurer before deducting reinsurance and other related expenses. Between 2000 and 2020, the value of gross premiums written worldwide had more than doubled. The value of premiums written hit its peak in 2017, at approximately **** billion U.S. dollars, after which it continued to decline for the following years until 2019. However, in 2020, this figure grew by nearly **** percent as compared to the previous year. Which companies dominate the insurance market? In 2022, the leading global insurance companies by revenue were Berkshire Hathaway, Ping An Insurance and China Life Insurance. Considering the market capitalization of the largest insurance companies, Allianz occupied the first position with a valuation of nearly *** billion U.S. dollars. These industry titans, along with others such as AXA, AIA, MetLife, Chubb, etc., collectively shape the global insurance narrative through their extensive reach, diverse offerings, and significant market influence.

Total insurance premium income statistics for health insurance in the property and casualty insurance market in the last five years (Insurance Regulatory and Development Authority of India)

The global life insurance market reached its all-time peak in 2021 before contracting in 2022. In 2023, total direct premiums in the life insurance industry amounted to approximately **** trillion U.S. dollars, a slight increase compared to the previous year. Nevertheless, total direct premiums written in the global life insurance industry more than doubled between 2006 and 2023.

Germany Insurance: Gross Written Premium data was reported at 226,041.000 EUR mn in 2023. This records an increase from the previous number of 223,169.320 EUR mn for 2022. Germany Insurance: Gross Written Premium data is updated yearly, averaging 167,974.500 EUR mn from Dec 1950 (Median) to 2023, with 30 observations. The data reached an all-time high of 226,041.000 EUR mn in 2023 and a record low of 1,174.000 EUR mn in 1950. Germany Insurance: Gross Written Premium data remains active status in CEIC and is reported by German Insurance Association. The data is categorized under Global Database’s Germany – Table DE.RG001: Insurance: Premium.

Japan Life Insurance: Premium: Individual: Monthly Payment in Group data was reported at 2,088.115 JPY bn in 2018. This records a decrease from the previous number of 2,137.161 JPY bn for 2017. Japan Life Insurance: Premium: Individual: Monthly Payment in Group data is updated yearly, averaging 2,833.628 JPY bn from Mar 1999 (Median) to 2018, with 20 observations. The data reached an all-time high of 4,191.305 JPY bn in 1999 and a record low of 2,088.115 JPY bn in 2018. Japan Life Insurance: Premium: Individual: Monthly Payment in Group data remains active status in CEIC and is reported by The Life Insurance Association of Japan. The data is categorized under Global Database’s Japan – Table JP.Z021: Life Insurance Statistics.

Graph and download economic data for Non-Life Insurance Premium Volume to GDP for Israel (DDDI10ILA156NWDB) from 1990 to 2020 about premium, Israel, life, insurance, and GDP.

Myanmar Non Life Insurance: Premiums: Comprehensive data was reported at 893.560 MMK mn in 2017. This records an increase from the previous number of 864.900 MMK mn for 2016. Myanmar Non Life Insurance: Premiums: Comprehensive data is updated yearly, averaging 136.410 MMK mn from Mar 1986 (Median) to 2017, with 24 observations. The data reached an all-time high of 1,508.160 MMK mn in 2013 and a record low of 5.600 MMK mn in 1986. Myanmar Non Life Insurance: Premiums: Comprehensive data remains active status in CEIC and is reported by Central Statistical Organization. The data is categorized under Global Database’s Myanmar – Table MM.Z002: Insurance Statistics.

Japan Life Insurance: Premium: Group Annuity data was reported at 2,953.431 JPY bn in 2018. This records a decrease from the previous number of 3,057.696 JPY bn for 2017. Japan Life Insurance: Premium: Group Annuity data is updated yearly, averaging 4,562.867 JPY bn from Mar 1976 (Median) to 2018, with 31 observations. The data reached an all-time high of 8,896.304 JPY bn in 1995 and a record low of 299.507 JPY bn in 1976. Japan Life Insurance: Premium: Group Annuity data remains active status in CEIC and is reported by The Life Insurance Association of Japan. The data is categorized under Global Database’s Japan – Table JP.Z021: Life Insurance Statistics.

Reinsurance: Premium Adequacy to Claim Paid Ratio data was reported at 0.000 % mn in Feb 2025. This records a decrease from the previous number of 0.000 % mn for Jan 2025. Reinsurance: Premium Adequacy to Claim Paid Ratio data is updated monthly, averaging 0.000 % mn from Jan 2016 (Median) to Feb 2025, with 110 observations. The data reached an all-time high of 0.001 % mn in Jan 2024 and a record low of 0.000 % mn in Dec 2020. Reinsurance: Premium Adequacy to Claim Paid Ratio data remains active status in CEIC and is reported by Indonesia Financial Services Authority. The data is categorized under Indonesia Premium Database’s Insurance Sector – Table ID.RGA006: Insurance Statistics: Claim Ratio.

Dataset

This dataset was created by Saravanan G

Released under Apache 2.0

Contents

This dataset contain information on various aspects of the insurance industry, including types of insurance products offered, premium rates, claims processing statistics, market share among insurance providers, and demographic profiles of policyholders.

Taiwan Insurance Premium Income: Life: Individual data was reported at 3,398.919 NTD bn in 2017. This records an increase from the previous number of 3,112.540 NTD bn for 2016. Taiwan Insurance Premium Income: Life: Individual data is updated yearly, averaging 1,286.065 NTD bn from Dec 1991 (Median) to 2017, with 27 observations. The data reached an all-time high of 3,398.919 NTD bn in 2017 and a record low of 164.011 NTD bn in 1991. Taiwan Insurance Premium Income: Life: Individual data remains active status in CEIC and is reported by Taiwan Insurance Institute. The data is categorized under Global Database’s Taiwan – Table TW.Z028: Insurance Statistics: Premium Income (Annual).

Total premium income statistics for the accident insurance in the property insurance market in the last five years (Insurance Authority)

The non-life insurance market in Sweden increased in size every year since 2010, reaching its peak in 2023. In 2023, non-life insurance companies generated approximately *** billion Swedish kronor in revenue from premiums.

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 Aug 2025 about property-casualty, premium, insurance, commercial, PPI, industry, inflation, price index, indexes, price, and USA.

Graph and download economic data for Producer Price Index by Industry: Premiums for Property and Casualty Insurance: Premiums for Other Property and Casualty Insurance (PCU9241269241267) from Dec 2003 to Sep 2025 about property-casualty, premium, insurance, PPI, industry, inflation, price index, indexes, price, and USA.

Graph and download economic data for Non-Life Insurance Premium Volume to GDP for Iceland (DDDI10ISA156NWDB) from 1990 to 2020 about Iceland, premium, life, insurance, and GDP.