In 2022, Brazil was the country in Latin America with the highest premium volume in the life insurance industry. That year, the country earned premiums amounting to more than ** billion U.S. dollars. Mexico and Chile followed with approximately ** billion and *** billion U.S. dollars' worth of life insurance premiums, respectively. Brazil was also the Latin American country with the highest volume of non-life premiums that year.

The statistic shows the number of individuals covered by life insurance on the domestic market in Italy from 2004 to 2020. Throughout the period under observation, the number of insured individuals increased overall, growing from approximately ** to over **** million insureds. However, the highest value was registered in 2010 when **** million people were covered by a life insurance.

The life insurance type with the highest premium income in Finland in 2020 was capital redemption contracts, reaching a value of around **** billion euros. Individual life insurance accounted for the second highest written premiums, which was around *** billion euros.

Half of American Millennials believed that term life insurance cost ************ U.S. dollars or more per year in *****, whereas only ** percent of non-Millennials said the same. The average cost of such a policy is about *** U.S. dollars annually, according to the source, which shows that many Americans, especially Millennials, overestimate the cost of term life insurance.

The value of life insurance policy purchases in the United States has remained relatively constant over the past two decades. In 2023, the aggregate face amount of life insurance policy purchases amounted to *** trillion U.S. dollars in the United States, up from *** trillion U.S. dollars in the previous year.

This statistic shows the life insurance density in Italy from 2004 to 2020. Insurance density is used as an indicator for the development of insurance within a country and is calculated as the ratio of total insurance premiums to whole population of a given country. In 2020, the life insurance premiums amounted to ***** euros per capita in Italy.

In 2024, the total value of the sum assured of the life insurance industry in Indonesia amounted to approximately *** quadrillion Indonesian rupiah. This reflects a significant increase from the previous year's total of around *** quadrillion Indonesian rupiah.

During the period under observation, the value of gross written premiums by life insurance companies on the domestic market in Greece fluctuated, reaching a value of approximately 2.1 billion euros in 2020, which was the second highest value in the period under observation after 2019. The lowest value registered was in 2013 at approximately 1.7 billion euros.

The United Kingdom had the highest value of life insurance premiums among all European counties in 2020, followed by France and Italy. Together, the top three countries accounted for nearly 60 percent of the European market.

The distribution of life insurance products carried out by brokers was responsible for over 13 percent of all life insurance premiums in France between 2020 and 2023. During this period, premiums originating from life insurance schemes sold by banks partnered with insurance companies accounted for more than 60 percent of life insurance premiums in France.

The highest value of premiums written for life insurance in Finland in 2020 was by Nordea Life Assurance, reaching almost two billion euros. Mandatum Life Insurance Company accounted for the second highest life insurance premiums written, which was around **** billion euros.

The life insurance company which generated the highest gross premiums written for individual life insurance in Finland in 2020 was OP Life Assurance. The company's gross written premiums for individual life insurance reached *** million euros that year. Nordea Life Assurance had the second highest gross written premiums for individual life insurance in the country, reaching *** million euros.

In 2020, direct index- and unit-linked insurance was the largest business line in the life insurance sector in Europe, accounting for 40 percent of premiums. The next largest segment was insurance with profit participation. Unit- and index-linked insurance combines coverage with an investment exposure, while insurance with profit participation includes coverage with dividend payment.

In 2024, the number of life insurance policies amounted to approximately **** million. In comparison, there were around ** million life insurance policies in 2020.

In Latin America, the value of total non-life insurance premiums was highest for automobile insurance in 2021. Total automobile insurance premiums amounted to a value of almost ** billion U.S. dollars that year. Health insurance followed, with total premiums amounting to a value of over ** billion dollars. That year, Brazil's insurance industry registered the highest total premiums within Latin America.

The highest value of life insurance benefits in Denmark was paid out for work-related life insurance contracts, where the benefits were around ** billion Danish krone in 2021. The benefits paid out for private life insurance contracts that year were around ** billion Danish krone.

This statistic shows the life insurance penetration in Italy from 2004 to 2020. Insurance penetration is defined as insurance premiums as a percentage of GDP, and is deemed the standard measure to check the development of a country's insurance market. In 2020, Italy reached a life insurance penetration of approximately **** percent.

In 2015, after several years of year-on-year increase, the value of gross written premiums by life insurance companies on the domestic market in Switzerland reached over 30 billion euros. This was the highest value registered during the observation period. Between 2015 and 2020 the value of premiums fluctuated, with life insurance premiums in Switzerland declining to approximately 23 billion euros in 2020.

The United Kingdom had the highest value of life insurance premiums among all European counties in 2020, followed by France and Italy. Together, the top three countries accounted for nearly 60 percent of the European market.

Most of the gross premium income in life insurance in Denmark in 2020 came from work-related contracts. The gross premiums written for these contracts amounted to around ***** billion Danish kronor, and the total amount that year was around ***** billion Danish kroner.

Between 2011 and 2020, the value of gross written premiums by life insurance companies on the domestic market in Denmark saw a year-on-year increase, reaching a value of more than 25 billion euros in 2020. This was the highest value registered during the observation period. In comparison, in 2011 the value was at its lowest at approximately 15.87 billion euros.

The United Kingdom had the highest value of life insurance premiums among all European counties in 2020, followed by France and Italy. Together, the top three countries accounted for nearly 60 percent of the European market.

Individual and group life insurances accounted for more than ** percent of all Latin American insurance premiums in 2022. Meanwhile, from the non-life segment, auto insurance held the highest market share, at **** percent of total premiums. Also during this time, non-life insurance constituted nearly ** percent of Latin America's insurance industry.