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Insurance In Emerging Markets, 2023

  Direct premiums
written, 2023
( US$ millions)		 Percent change
from 2022 (1)		 Share of
world market		 Premiums as
a percent
of GDP (2)		 Premiums
per capita
($US)
Total industry          
Advanced markets  $5,841,092 6.2% 81.3% 9.5% $5,339
Emerging markets 1,345,082 5.5% 18.7 3.3 195
     Total $7,186,174 6.1% 100% 7.0% $889
Life          
Advanced markets  $2,185,584 3.2% 75.7% 3.6% $2,020
Emerging markets 703,414 6.1% 24.3 1.7 103
     Total $2,888,998 3.9% 100% 2.9% $361
Non-life          
Advanced markets  $3,655,508 8.1% 85.1% 5.9% $3,320
Emerging markets 641,668 4.9% 14.9 1.6 93
     Total $4,297,176 7.6% 100% 4.2% $528

(1) Inflation-adjusted.
(2) Gross domestic product.

Source: Swiss Re Institute, sigma 3/2024.

Insurance In Emerging Markets, 2021

  Direct premiums
written, 2021
( US$ millions)		 Percent change
from 2020 (1)		 Share of
world market		 Premiums as
a percent
of GDP (2)		 Premiums
per capita
($US)
Total industry          
Advanced markets  $5,564,319 8.7% 81.1% 9.7% $5,073
Emerging markets 1,296,279 10.9 18.9 3.0 191
     Total $6,860,598 9.1% 100.0% 7.0% $874
Life          
Advanced markets  $2,323,195 6.6% 77.5% 4.0% $2,110
Emerging markets 674,374 9.1 22.5 1.6 100
     Total $2,997,569 7.2% 100.0% 3.0% $382
Nonlife          
Advanced markets $3,241,124 10.3% 83.9% 5.7% $2,963
Emerging markets 621,904 12.9 16.1 1.4 91
     Total $3,863,028 10.7% 100.0% 3.9% $492

(1) Inflation-adjusted.
(2) Gross domestic product.

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

Insurance In Emerging Markets, 2020

  Direct premiums
written, 2020
( US$ millions)		 Percent change
from 2019 (1)		 Share of
world market		 Premiums as
a percent
of GDP (2)		 Premiums
per capita
($US)
Total industry          
Advanced markets  $5,118,118 -1.8% 81.4% 9.9% $4,695
Emerging markets 1,168,926 0.8 18.6 3.4 174
     Total $6,287,044 -1.3% 100.0% 7.4% $809
Life          
Advanced markets  $2,179,260 -5.7% 77.9% 4.2% $1,994
Emerging markets 618,177 0.3 22.1 1.8 92
     Total $2,797,436 4.4% 100.0% 3.3% $360
Nonlife          
Advanced markets  $2,938,858 1.5% 84.2% 5.7% $2,700
Emerging markets 550,749 1.3 15.8 1.6 82
     Total $3,489,608 1.5% 100.0% 4.1% $449

(1) Inflation-adjusted.
(2) Gross domestic product.

Source: Swiss Re, sigma, No. 3/2021.

Insurance In Emerging Markets, 2019

  Direct premiums
written, 2019 (1)		 Percent change
from 2018 (2)		 Share of world
market		 Premiums as a
percent of GDP (3)		 Premiums
per capita (US$)
Total industry          
Advanced markets  $5,130,924 2.1% 81.54% 9.63% $4,664
Emerging markets 1,161,675 6.6 18.46 3.25 175
     Total $6,292,600 2.9% 100.00% 7.23% $818
Life          
Advanced markets  $2,298,700 1.3% 78.82% 4.25% $2,056
Emerging markets 617,566 5.6 21.18 1.73 93
     Total $2,916,267 2.2% 100.00% 3.35% $379
Nonlife          
Advanced markets  $2,832,224 2.7% 83.88% 5.39% $2,608
Emerging markets 544,109 7.7 16.12 1.52 82
     Total $3,376,333 3.5% 100.00% 3.88% $439

(1) Expressed in millions of U.S. dollars.
(2) Inflation-adjusted.
(3) Gross domestic product.

Source: Swiss Re, sigma, No. 4/2020.

Insurance In Emerging Markets, 2018

  Direct premiums
written, 2018 (1)		 Percent change
from 2017 (2)		 Share of world
market		 Premiums as a
percent of GDP (3)		 Premiums
per capita
Total industry          
Advanced markets  $4,086,137 1.3% 78.68% 7.81% $3,737
Emerging markets 1,107,088 2.1 21.32 3.18 169
     Total $5,193,225 1.5% 100.00% 6.09% $682
Life          
Advanced markets  $2,231,352 0.8% 79.12% 4.27% $2,042
Emerging markets 588,822 -2.0 20.90 1.69 90
     Total $2,820,175 0.2% 100.00% 3.31% $370
Nonlife          
Advanced markets  $1,854,785 1.9% 78.16% 3.54% $1,694
Emerging markets 518266 7.1 21.84 1.49 79
     Total $2,373,050 3.0% 100.00% 2.78% $312

(1) Expressed in millions of U.S. dollars.
(2) Inflation-adjusted.
(3) Gross domestic product.

Source: Swiss Re, sigma, No. 3/2019.

Insurance In Emerging Markets, 2017

  Direct premiums
written, 2017 (1)		 Percent change
from 2016 (2)		 Share of world
market		 Premiums as a
percent of GDP (3)		 Premiums
per capita
(US $)
Total industry          
Advanced markets  $3,819,644 -0.6% 78.1% 7.8% $3,517
Emerging markets 1,072,050 10.3 21.9 3.3 166
     Total $4,891,694 1.5% 100.0% 6.1% $650
Life          
Advanced markets  $2,059,481 –2.7%  77.5% 4.2% $1,899
Emerging markets 597,790 13.8 22.5 1.9 92
     Total $2,657,270 0.5% 100.0% 3.3% $353
Nonlife          
Advanced markets  $1,760,163 1.9% 78.8% 3.6% $1,618
Emerging markets 474,261 6.1 21.2 1.5 73
   Total $2,234,424 2.8% 100.0% 2.8% $297

(1) Expressed in millions of U.S. dollars.
(2) Inflation-adjusted.
(3) Gross Domestic Product.

Source: Swiss Re, sigma, No. 3/2018.

Insurance In Emerging Markets, 2016

  Direct premiums
written, 2016 (1)		 Percent change
from 2015 (2)		 Share of world
market		 Premiums as a
percent of GDP (3)		 Premiums
per capita
Total industry          
Advanced markets  $3,798,652 0.7% 80.3% 8.0% $3,505
Emerging markets 933,536 13.5 19.7 3.2 $149
   Total $4,732,188 3.1% 100.0% 6.3% $638
Life          
Advanced markets  2,110,534 -0.5 80.6 4.5 1,954
Emerging markets 506,482 16.9 19.4 1.7 $80
   Total $2,617,016 2.5% 100.0% 3.5% $353
Nonlife          
Advanced markets  1,688,119 2.3 79.8 3.6 1,550
Emerging markets 427,054 9.6 20.2 1.5 $69
   Total $2,115,172 3.7% 100.0% 2.8% $285

(1) Expressed in millions of U.S. dollars.
(2) Inflation-adjusted.
(3) Gross Domestic Product.

Source: Swiss Re, sigma, No. 3/2017.

Insurance In Emerging Markets, 2015

  Direct premiums
written, 2015 (1)		 Percent change
from 2014 (2)		 Share of world
market		 Premiums as a
percent of GDP (3)		 Premiums
per capita
Total industry          
Advanced markets  $3,704,063 2.5% 81.34% 8.12% $3,440
Emerging markets 849,723 9.8 18.66 2.92 135
   Total $4,553,785 3.8% 100.00% 6.23% $621
Life          
Advanced markets  2,089,765 2.5 82.47 4.61 1,954
Emerging markets 444,052 11.7 17.53 1.52 71
   Total $2,533,818 4.0% 100.00% 3.47% $346
Nonlife          
Advanced markets  1,614,298 2.6 79.92 3.51 1,486
Emerging markets 405,670 7.8 20.08 1.39 64
   Total $2,019,967 3.6% 100.00% 2.77% $276

(1) Expressed in millions of U.S. dollars.
(2) Inflation-adjusted.
(3) Gross domestic product.

Source: Swiss Re, sigma, No. 3/2016.

INSURANCE IN EMERGING MARKETS, 2014

($ millions)
  Direct premiums
written, 2014		 Percent change
from 2013 (1)		 Share of world
market		 Premiums as a
percent of GDP (2)		 Premiums
per capita
Total industry          
Advanced markets $3,939,311 2.9% 82.4% 8.2% $3,666
Emerging markets 838,936 7.4 17.6 2.7 136
World $4,778,248 3.7% 100.0% 6.2% $662
Life          
Advanced markets 2,232,524 3.8 84.1 4.7 2,090
Emerging markets 422,025 6.9 15.9 1.4 68
World $2,654,549 4.3% 100.0% 3.4% $368
Nonlife          
Advanced markets 1,706,787 1.8 80.4 3.5 1,576
Emerging markets 416,912 8.0 19.6 1.4 67
World $2,123,699 2.9% 100.0% 2.7% $294

(1) Inflation-adjusted.
(2) Gross domestic product.

Source: Swiss Re, sigma, No. 4/2015.

INSURANCE IN EMERGING MARKETS, 2013

($ millions)
  Direct premiums
written, 2013		 Percent change
from 2012 (1)		 Share of world
market		 Premiums as a
percent of GDP		 Premiums
per capita
Total industry          
Advanced markets  $3,853,267 0.3% 83.0% 8.3% $3,621
Emerging markets 787,674 7.4 17.0 2.7 129
World $4,640,941 1.4% 100.0% 6.3% $652
Life          
Advanced markets  $2,200,249 -0.2 84.4 4.7 $2,074
Emerging markets 407,842 6.4 15.6 1.4 67
World $2,608,091 0.7% 100.0% 3.5% $366
Nonlife          
Advanced markets  $1,653,018 1.1 81.3 3.5 $1,547
Emerging markets 379,832 8.3 18.7 1.3 62
World $2,032,850 2.3% 100.0% 2.8% $286

(1) Inflation-adjusted.

Source: Swiss Re, sigma, No. 3/2014.