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.
Half of American Millennials believed that term life insurance cost one thousand U.S. dollars or more per year in 20120, whereas only 28 percent of non-Millennials said the same. The average cost of such a policy is about 160 U.S. dollars annually, according to the source, which shows that many Americans, especially Millennials, overestimate the cost of term life insurance.
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 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.
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.
Allianz Leben and R+V Lebensversicherung AG were the leading life insurance companies in Germany in 2023 with gross written premiums. The premium volume of Allianz amounted to ***** billion euros, a slight decline when compared to 2022. R+V also generated less revenue from insurance premiums in comparison to the previous year, falling to **** billion euros in 2023.
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.
Individual and group life insurances accounted for more than 40 percent of all Latin American insurance premiums in 2022. Meanwhile, from the non-life segment, auto insurance held the highest market share, at 17.1 percent of total premiums. Also during this time, non-life insurance constituted nearly 58 percent of Latin America's insurance industry.
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 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.
In 2024, the number of life insurance policies amounted to approximately **** million. In comparison, there were around ** million life insurance policies in 2020.
As of 2023, pension funds were the most common way for life insurance companies in Germany to invest their money. In that year, pension funds accounted for ** percent of all capital investments.
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.
In 2023, French insurance group Crédit Agricole Assurances was the market leader in the life insurance segment and wrote ***** percent of all French life insurance premiums. Caisse Nationale de Prévoyance (CNP) followed and accounted for ***** percent of the market.
The statistic displays the leading mutual life and health insurance companies in the United States in 2020, by revenue. New York Life Insurance company was ranked first, with revenues of approximately 46.7 billion U.S. dollars.
A higher value of life insurance benefits in Norway was paid out in cases of death than in case of disability during the whole period from 2015 to 2020. In 2020, around *** billion Norwegian kroner in benefits were paid out for cases of death, and *** million kroner due to disability. The total amount of life insurance benefits paid out that year was around *** billion Norwegian kroner.
The value of the premium income for life insurances of the Swedish insurance company Folksam Life Group increased with fluctuation from 2014 to 2020. The value of premiums peaked in 2019 at around 41.4 billion Swedish kronor. In 2020, the value of premiums amounted to approximately 39.5 billion Swedish kronor.
The premium income from life insurance of the Finnish company OP Life Assurance peaked in 2015, when it reached around *** billion euros. The premium income fluctuated the following years but was significantly lower than in 2015. The value reached around *** billion euros in 2020.
The highest claims paid for life insurance in Finland in 2020 was for endowment insurance, with a value of around 1.7 billion euros. The second highest value paid out was for capital redemption contracts, with just over one billion euros.
In 2024, the largest life insurance company in Portugal was Fidelidade, followed by Ocidental Vida. Fidelidade reached a market share of approximately ** percent in the life segment in 2024. The second-largest life insurance group was Ocidental Vida with a market share of approximately ** percent, having increased from the almost ** percent registered in 2023.
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.