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.

This statistic illustrates the total value of life claims paid on the European insurance market in 2020, by country. The highest total amount paid on life claims is in the United Kingdom (UK), with approximately 120.6 billion euros. The second highest was France with nearly 117 billion euros, followed by Germany with just over 82 billion 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.

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 1,996 euros per capita in Italy.

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.

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.

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 statistic illustrates the amount of life insurance benefits paid on domestic market in the United Kingdom (UK) from 2004 to 2020. During the observation period, the amount of benefits fluctuated. The lowest value was reported in 2004 and amounted to approximately *** billion euros. 2018 was the year with highest value of life insurance benefits paid at over *** billion euros.

In 2023, insurance penetration was highest in the South Africa where the value of insurance premiums accounted for almost ** percent of GDP. Insurance penetration is used as an indicator of insurance sector development within a country and is calculated as the ratio of total insurance premiums to gross domestic product in a given year. In 2023, the insurance penetration in United States equaled **** percent of its GDP. Thus, the value of insurance premiums written in United States in that year equaled more than one **th of its GDP. Auto insurance leads the U.S. P&C marketIn 2023, private passenger auto insurance held the largest share of net premiums written by property and casualty insurance companies in the United States. Additionally, commercial auto insurance also accounted for a significant portion of net premiums. Combined, these two insurance lines made up about ** percent of the property and casualty insurance market.United States' life insurance market Households often rely on life insurance to ensure financial stability for dependents and to cover obligations like debts, mortgages, and education costs. The number of life insurance companies in the United States has remained steady over the past five years. The United States' population has been gradually climbing during this time, which means that the number of potential insurance customers has also been increasing.

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.

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.

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.

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.

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.

Among the top ten non-life insurance companies in Finland in 2020, based on gross premiums written, A-Insurance had the highest loss ratio, of 92.5 percent. The loss ratio is the total amount of claims paid out as a percentage of total premiums earned, and among the top ten companies, Fennia Mutual had the lowest, which was 62.3 percent.

Less than ** percent of households in Great Britain owned life insurance in 2023, though life insurance ownership rose between 2020 and 2023. In 2020, ** percent of households in Great Britain did not have life insurance and this number dropped to **** percent by 2023. Two companies combined accounted for ** percent of life insurance providers among British households in 2023.

The largest life insurance company in Denmark in 2023 was PFA Pension with a market share of approximately ** percent. The following leading life insurance companies that year were Velliv, with a market share of **** percent, and Danica Pension, with a market share of **** percent.

The highest non-life insurance premium income in Sweden as of the third quarter 2020 came from traffic and auto insurance, and amounted to **** billion Swedish kronor. It was followed by corporate and property insurance, which was **** billion Swedish kronor.

The highest value of gross premiums written by a non-life insurance company in Finland in 2020 was around *** billion euros, and was by OP Group. LocalTapioca had gross premiums written by the second highest value, which was around *** billion euros.