Life insurance ownership in the United States slightly declined again in 2024. In that year, ** percent of Americans owned life insurance, up from ** percent in 2023. Life insurance is a contract between an insurer and a policyholder, which is a form of financial protection for named beneficiaries of the insured person in case of their death. In 2023, the most common reason for owning life insurance was to cover burial and final expenses.

The number of life insurance policies in force in the United States has remained below *** million between 2010 and 2023. In 2023, there were approximately ****** million life insurance policies in force in the United States. Impact of 2008 recession on life insurance The year after the 2008 recession, the total number of life insurance policies in force dropped from around *** million to *** million. When money is tight, it appears that consumers think life insurance is something they can’t afford, instead of a tool which can be used to protect their loved ones in an emergency. Furthermore, even though the economy has since improved, the number of life insurance policies which people have has not been able to bounce back to what it was before the crisis. Did the life insurance sector ever fully recover? The face value of individual policies shows an upward trend, as does the face amount of all policies since 1998. They also show a recovery since declining in the 2008 financial crisis. Moreover, the number of life insurance policy purchases seems to have reached its highest number in 2023.

This dataset is a synthetic yet realistic representation of personal auto insurance data, crafted using real-world statistics. While actual insurance data is sensitive and unavailable for public use, this dataset bridges the gap by offering a safe and practical alternative for building robust data science projects.

Why This Dataset? - Realistic Foundation: Synthetic data generated from real-world statistical patterns ensures practical relevance. - Safe for Use: No personal or sensitive information—completely anonymized and compliant with data privacy standards. - Flexible Applications: Ideal for testing models, developing prototypes, and showcasing portfolio projects.

How You Can Use It: - Build machine learning models for predicting customer conversion and retention. - Design risk assessment tools or premium optimization algorithms. - Create dashboards to visualize trends in customer segmentation and policy data. - Explore innovative solutions for the insurance industry using a realistic data foundation.

This dataset empowers you to work on real-world insurance scenarios without compromising on data sensitivity.

Indonesia Life Insurance: Claim and Benefit Paid data was reported at 12,894,827.228 IDR mn in Feb 2025. This records an increase from the previous number of 6,479,331.186 IDR mn for Jan 2025. Indonesia Life Insurance: Claim and Benefit Paid data is updated monthly, averaging 37,931,436.560 IDR mn from Jan 2015 (Median) to Feb 2025, with 122 observations. The data reached an all-time high of 85,699,198.865 IDR mn in Dec 2018 and a record low of 4,640,683.304 IDR mn in Jan 2021. Indonesia Life Insurance: Claim and Benefit Paid 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.RGF002: Insurance Statistics: Life Insurance: Income Statement.

Life Insurance: Decrease (increase) in Premium Reserve And Unearned Premium Reserve data was reported at -2,494,074.698 IDR mn in Feb 2025. This records an increase from the previous number of -2,648,471.612 IDR mn for Jan 2025. Life Insurance: Decrease (increase) in Premium Reserve And Unearned Premium Reserve data is updated monthly, averaging -904,423.607 IDR mn from Jan 2015 (Median) to Feb 2025, with 122 observations. The data reached an all-time high of -11,733.605 IDR mn in Dec 2015 and a record low of -2,838,304.156 IDR mn in Apr 2024. Life Insurance: Decrease (increase) in Premium Reserve And Unearned Premium Reserve 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.RGF002: Insurance Statistics: Life Insurance: Income Statement.

The Asia-Pacific Life and Non-Life Insurance Market is Segmented by Insurance Type (Life Insurance, Non-Life Insurance), Distribution Channel (Agency Force, Bancassurance, Brokers & IFAs, and More), Customer Segment (Retail / Mass Market, High-Net-Worth & Affluent, and More), and Region. The Market Forecasts are Provided in Value (USD).

Japan Life Insurance: Premium data was reported at 32,442.494 JPY bn in 2018. This records a decrease from the previous number of 33,459.133 JPY bn for 2017. Japan Life Insurance: Premium data is updated yearly, averaging 29,530.117 JPY bn from Mar 1976 (Median) to 2018, with 31 observations. The data reached an all-time high of 37,748.110 JPY bn in 2016 and a record low of 3,981.162 JPY bn in 1976. Japan Life Insurance: Premium 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.

Financial Services Commission_Financial Statistics Life Insurance Information is data that provides information on the general status, financial structure, management performance, and main business activities of life insurance companies based on the base year and month and company name. This data consists of four operations. Each operation is as follows. ① Life Insurance Company General Status Inquiry: Provides information such as company name, date of establishment, head office location, and distribution of branches. ② Life Insurance Company Financial Status Inquiry: You can inquire about financial status-related statistics such as assets, liabilities, and capital. ③ Life Insurance Company Key Management Indicator Inquiry: Provides key management performance indicators such as ROA, ROE, and premium return. ④ Life Insurance Company Key Business Activities Inquiry: Provides main business performance such as insurance payment amount, number of contracts, and new contract guaranteed premiums.

The Life Insurance Institution-level Statistics publication contains individual insurer level information about financial performance, position, and capital base and solvency data.

Thailand Life Insurance Premiums: Direct data was reported at 303,378.348 THB mn in Jun 2018. This records an increase from the previous number of 155,534.111 THB mn for Mar 2018. Thailand Life Insurance Premiums: Direct data is updated quarterly, averaging 91,664.891 THB mn from Mar 1994 (Median) to Jun 2018, with 98 observations. The data reached an all-time high of 591,410.706 THB mn in Dec 2017 and a record low of 8,863.336 THB mn in Mar 1994. Thailand Life Insurance Premiums: Direct data remains active status in CEIC and is reported by Office of Insurance Commission. The data is categorized under Global Database’s Thailand – Table TH.Z030: Life Insurance Statistics.

Insurance Statistic: Gross Claim: Sharia Non Life Insurance & Reinsurance: Market Share data was reported at 3.490 % in 2023. This records a decrease from the previous number of 4.050 % for 2022. Insurance Statistic: Gross Claim: Sharia Non Life Insurance & Reinsurance: Market Share data is updated yearly, averaging 3.120 % from Dec 2008 (Median) to 2023, with 16 observations. The data reached an all-time high of 4.080 % in 2017 and a record low of 1.820 % in 2008. Insurance Statistic: Gross Claim: Sharia Non Life Insurance & Reinsurance: Market Share 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.

Indonesia Insurance Statistics: Number of Registered Insurers: Life Insurers data was reported at 57.000 Unit in 2023. This records a decrease from the previous number of 59.000 Unit for 2022. Indonesia Insurance Statistics: Number of Registered Insurers: Life Insurers data is updated yearly, averaging 55.000 Unit from Dec 2003 (Median) to 2023, with 21 observations. The data reached an all-time high of 61.000 Unit in 2017 and a record low of 45.000 Unit in 2011. Indonesia Insurance Statistics: Number of Registered Insurers: Life Insurers 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.RGA001: Insurance Statistics: Key Indicators.

Life Insurance Premium Income Statistics (Life Insurance Performance Statistics) (Life Insurance Association)

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.

The Malaysia Life Insurance Market Report is Segmented by Product Type (Term Life Insurance, Whole Life Insurance, Endowment Insurance, and More), Distribution Channel (Agents, Brokers, Banks, and More), Premium Type (Regular Premium, Single Premium), Customer Age Group (0–24 Years, 25–44 Years, and More), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

Life insurance is more than just a policy; it’s a promise. Imagine the relief of a family securing their future after an unexpected loss, knowing they are financially covered. This sense of security underscores why life insurance continues to be an essential part of financial planning. With evolving trends and...

The Ireland Life and Non-Life Insurance Market is Segmented by Insurance Type (Life Insurance and Non-Life Insurance), Distribution Channel (Brokers & Independent Financial Advisers, Direct (Insurer-Owned) Sales, Bancassurance, and More), End-User (Individuals and Corporate/SME), and Region. The Market Forecasts are Provided in Value (USD).

Denmark was the the OECD country with the highest reinsurance retention rate for life insurance in 2021, with **** percent. This means that **** percent of life insurance premiums taken on by Danish insurers were kept on their books, rather that being passed to reinsurers. This compares to an OECD average of **** percent, a ratio of **** percent in the United States, and **** percent in the United Kingdom.

Japan Life Insurance: Number of Policies: Individual data was reported at 17,415.000 Unit tt in May 2018. This records an increase from the previous number of 17,355.000 Unit tt for Apr 2018. Japan Life Insurance: Number of Policies: Individual data is updated monthly, averaging 11,756.000 Unit tt from Apr 2002 (Median) to May 2018, with 194 observations. The data reached an all-time high of 17,415.000 Unit tt in May 2018 and a record low of 10,913.000 Unit tt in May 2004. Japan Life Insurance: Number of Policies: Individual 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.

New registered life insurance agents' statistics by age (Life Insurance Association, Republic of China)