Outside the United States, the insurance industry is divided into life and nonlife (or general insurance), rather than life/annuity and property/casualty. Swiss Re’s 2018 world insurance study is based on direct premium data from 147 countries, with detailed information on the largest 88 markets. World insurance premiums rose 1.5 percent in 2017, adjusted for inflation, reaching the $5 trillion mark for the first time, at $5.2 trillion. 2018’s rise was above the 1.2 percent growth recorded in 2008 to 2017. Nonlife premiums grew 3.0 percent in 2018, adjusted for inflation, faster than the 2.2 percent growth from 2008 to 2017. Life insurance premiums grew 0.2 percent in 2018, falling behind the 0.6 percent rise in 2008 to 2017, adjusted for inflation.