Insurance Statistic: Policy Insured: Life Insurance data was reported at 0.000 NA tn in 2023. This records a decrease from the previous number of 0.000 NA tn for 2022. Insurance Statistic: Policy Insured: Life Insurance data is updated yearly, averaging 0.000 NA tn from Dec 2008 (Median) to 2023, with 16 observations. The data reached an all-time high of 0.000 NA tn in 2015 and a record low of 0.000 NA tn in 2011. Insurance Statistic: Policy Insured: Life Insurance 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.RGA004: Insurance Statistics: Market Share.

The Asia Pacific Life & Non-Life Insurance Market report segments the industry into By Insurance Type (Life Insurance, Non-Life Insurance), By Distribution Channel (Direct, Agency, Banks, Other Distribution Channels), and By Geography (China, Japan, India, Rest of Asia-Pacific). Five years of historical data and five-year projections are included.

It is forecast that the global insurance market will grow by about one trillion U.S. dollars between 2024 and 2029, reaching almost 10 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 5.31 billion U.S. dollars, after which it continued to decline for the following years until 2019. However, in 2020, this figure grew by nearly four 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 103 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.

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.

Insurance Statistic: Gross Contribution: Life Insurance data was reported at 175.790 IDR tn in 2023. This records a decrease from the previous number of 190.740 IDR tn for 2022. Insurance Statistic: Gross Contribution: Life Insurance data is updated yearly, averaging 151.150 IDR tn from Dec 2008 (Median) to 2023, with 16 observations. The data reached an all-time high of 204.780 IDR tn in 2021 and a record low of 50.370 IDR tn in 2008. Insurance Statistic: Gross Contribution: Life Insurance 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.RGA004: Insurance Statistics: Market Share.

In 2023, there were approximately 3 million people employees in the insurance sector in the United States. Employment in the insurance industry Employment within the insurance industry has shown significant growth since 1960. Each decade, between 1960 and 2000, there was an increase in the number of employees which were employed in the industry – increasing by around 300,000 employees each decade. However, between 2000 and 2010, the number of employees declined from 2.35 million to 2.34 million. Some recovery and growth within employment can be seen to have occurred in 2014. This growth is likely the result of increasing numbers of agents, brokers and service employees in the insurance industry, which has been positive since 2010. Variation between segments The number of health insurance employees has also seen growth, but the number of employees in life insurance saw a significant decrease between 2000 and 2005 and stagnation ever since. Stagnation within industry employment is believed to be the result of many health insurance professionals entering retirement and these positions being left vacant or being replaced by increasing automation within the industry. The number of employees in the U.S. reinsurance industry has experienced an increasing trend in the last years, however, a lack of job growth within the industry is also seen as a threat to the business model of insurance companies.

The US Travel Insurance Market is Segmented by Cover Type (Single-Trip, Annual Multi-Trip, Long/Extended Stay), Benefit (Medical, Trip Cancellation, Baggage and More), Distribution Channel (Direct, Insurance Intermediaries, Banks, Online Aggregators, Travel Agencies, Airlines and Cruise Lines), End Users (Senior Citizens, Family Travellers, Business Travellers and More). The Market Forecasts are Provided in Terms of Value (USD).

In 2023, eight percent of the total population of the United States were uninsured. However, half of all individuals in the United States had employer-sponsored health coverage. This statistic depicts the distribution of health insurance status of the total population in the United States for 2023

Over the five years through 2024, the insurance industry’s revenue is forecast to edge downwards at a compound annual rate of 1.7%. Bulk annuities have boomed in popularity, fuelled by pension funds de-risking. Performance from the private client or the retail market is mixed and unequal across product segments, with life coverage facing the brunt of lacklustre growth in income as people consider where to save money. Despite the less-than-bright outlook, opportunities remain. Commercial and speciality lines have boomed thanks to digitisation and geopolitics. The frequency and severity of natural catastrophes intensify with climate change, and inflation only adds to the cost of payouts, depleting reserves and pushing up premiums. In 2024, revenue is expected to increase by 2% to €1.5 trillion and profit is anticipated to reach 5.4%%. Over the five years through 2029, revenue is forecast to grow at a compound annual rate of 5.3% to €1.9 trillion. Rising sales for speciality commercial lines like Natural Catastrophe, cyber and clean energy will drive growth. As weather events become more severe and frequent across Europe, premiums will continue to rise and NatCat coverages become a more attractive opportunity. Regulation will focus on societal outcomes, with the European Parliament following in similar footsteps to the UK, relaxing capital reserve requirements and countries introducing national guarantee schemes.

In 2023, Prudential Financial was the largest life insurance company in the United States with assets amounting to approximately 532 billion U.S. dollars. Life insurance - additional information Life insurance is an important component of basic financial planning and acts as a form of protection against the loss of income resulting from the death of an insured individual. The person named as the beneficiary of the deceased receives the proceeds and is therefore protected against any financial impact that may result from the death.There are different forms of life insurance offered by life insurance companies. Some life insurance policies provide coverage at fixed payments for a length of time that it defined when the policy is initially taken out. After expiration of the fixed period, the previous rate of premiums can be no longer guaranteed to the insured and they are required to either forgo their coverage or accept different terms or conditions. This form of insurance is known as term insurance. Permanent or whole life insurance, on the other hand, is a form which provides the insured with life-long coverage. Term insurance is cheaper than whole life insurance as it is not designed to pay out in all cases. Many people decide to take out fixed-term policies due to their low-cost nature.

The United States Motor Insurance Market is Segmented by Coverage Type (Liability, Collision, Comprehensive, Personal Injury Protection (PIP) and More), Vehicle Type (Passenger Cars, Light Commercial Vehicles, Motorcycles, and More), Policy Type (Commercial, Personal), Distribution Channel (Agency, Direct, Bancassurance, and More), and Region. The Market Forecasts are Provided in Terms of Value (USD).

The U.S. Insurance Market size was at USD 1.48 trillion in 2023 and is projected to reach USD 2.39 trillion by 2030, with a CAGR of 6.6% from 2024-2030.

It is estimated that the global cyber insurance market will reach 29 billion U.S. dollars in size by 2027. Generally, cyber insurance is designed to protect businesses from risks arising from the use of data and technology in business operations.

This statistic shows life and non-life insurance direct premiums written globally from 2006 to 2023. In 2023, the global insurance industry wrote life premiums worth approximately 2.9 trillion U.S. dollars, and non-life premiums to the value of around 4.3 trillion U.S. dollars.

The Quarterly Life Insurance Performance Statistics publication provides industry aggregate summaries of financial performance, financial position, solvency, capital adequacy and management capital, as well as details of the performance of individual product groups.

New life insurance (against periodic and one-off premiums) payments) and new subscriptions in savings banks.

Data available from: January 1993 Frequency: discontinued

This statistic has been taken over by the Centre for Insurance Statistics of the Association of Insurers.

Infoservice: https://www.cbs.nl/infoservice”>http://www.cbs.nl/infoservice”. Copyright (c) Central Bureau of Statistics. Reproduction is permitted, provided that CBS is listed as the source.

Global Life Insurance Market by The Business Research Company is segmented as Term Life Insurance, Whole Life Insurance, Variable Life Insurance, Equity Indexed Life Insurance, Accidental Death Insurance, Other Life Insurance, Agency, Brokers, Bancassuran

In 2023, around 61 percent of people in the United States had private health insurance. This represents a steady decrease since 2015. This statistic contains data on the number of U.S. Americans with private health insurance coverage from 1997 to 2023.

In 2024, UnitedHealthcare Group was the largest health insurance company in the United States by revenue with over 189 billion U.S. dollars, followed by Elevance Health (Anthem) and Kaiser Permanente. This statistic shows the ten largest healthcare companies in the U.S. in 2024, by revenue.

Global Motor Insurance market size is expected to reach $1390.63 billion by 2029 at 9.7%, segmented as by types, treaty reinsurance, facultative reinsurance