Commercial Insurance

World Life And Nonlife Insurance Direct Premiums Written, 2019-2021 (1)

(US$ millions)

Year Life Nonlife (2) Total
2019 $2,812,769 $3,413,769 $6,226,248
2020 2,727,176 3,564,658 6,291,834
2021 2,997,569 3,863,029 6,860,598

(1) Before reinsurance transactions.
(2) Includes accident and health insurance.

Source: Swiss Re, sigma database.

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Top 10 Countries By Life And Nonlife Direct Premiums Written, 2021 (1)

(US$ millions)

        Total premiums
Rank Country Life premiums Nonlife premiums (2) Amount Percent change
from prior year
Percent of total
world premiums
1 United States (3), (4), (5) $609,642 $2,109,057 $2,718,699 8.1% 39.6%
2 PR China  365,456 330,672 696,128 6.1 10.1
3 Japan (5), (6) 295,850 107,741 403,592 -2.6 5.9
4 United Kingdom (5) 284,284 114,858 399,142 16.7 5.8
5 France (5) 185,445 110,935 296,380 24.0 4.3
6 Germany (5) 109,961 165,818 275,779 5.9 4.0
7 South Korea (5), (6) 101,866 91,142 193,008 1.5 2.8
8 Italy  146,001 46,480 192,481 11.5 2.8
9 Canada (5), (7) 64,917 96,372 161,289 15.8 2.4
10 India (5), (6) 96,679 30,296 126,974 13.5 1.9

(1) Before reinsurance transactions.
(2) Includes accident and health insurance.
(3) Nonlife premiums include private medical insurance.
(4) Nonlife premiums include state funds; life premiums are net premiums and are supplemented by estimated premiums for group pension business.
(5) Estimated or provisional.
(6) Financial year April 1, 2021 – March 31, 2022.
(7) Life premiums are net premiums.

Source: Swiss Re, sigma, No. 4/2022.

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World Life And Nonlife Insurance Direct Premiums Written, 2021 (1)

(US$ billions)

(1) Before reinsurance transactions.
(2) Includes accident and health insurance.

Source: Swiss Re, sigma, 4/2022.

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