Size Of Market

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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