Top 10 Countries By Life And Nonlife Direct Premiums Written, 2018 (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) $593,391 $875,984 $1,469,375 5.0% 28.29%
2 PR China (4) 313,365 261,512 574,877 6.2 11.07
3 Japan (4), (5) 334,243 106,405 440,648 3.8 8.49
4 United Kingdom (4) 235,501 101,009 336,510 5.2 6.48
5 France (4) 165,075 92,888 257,963 5.6 4.97
6 Germany (4) 96,439 145,046 241,485 6.3 4.65
7 South Korea (5) 98,072 80,951 179,024 -1.2 3.45
8 Italy 125,341 44,933 170,273 6.9 3.28
9 Canada (4), (6) 54,070 73,833 121,181 5.5 2.46
10 Taiwan 102,044 19,864 121,908 3.8 2.35
(1) Before reinsurance transactions. (2) Includes accident and health insurance. (3) Nonlife premiums include state funds; life premiums are net premiums and include an estimate of group pension business. (4) Estimated or provisional. (5) Financial year April 1, 2018 – March 31, 2019. (6) Nonlife premiums are gross premiums, including reinsurance. Source: Swiss Re, sigma, No. 3/2019.