Top 10 Largest Commercial Liability Markets, 2013

($ billions)

    Direct premiums written, 2013   Liability as a percentage of
Rank Country Liability Total nonlife GDP (1) Total nonlife GDP (1)
1 U.S. $84.0 $531.2 $16,802 15.8% 0.50%
2 U.K. 9.9 99.2 2,521 10.0 0.39
3 Germany 7.8 90.4 3,713 8.6 0.21
4 France 6.8 83.1 2,750 8.2 0.25
5 Japan 6.0 81.0 4,964 7.4 0.12
6 Canada 5.2 50.5 1,823 10.3 0.29
7 Italy 5.0 47.6 2,073 10.5 0.24
8 Australia 4.8 32.7 1,506 14.7 0.32
9 China 3.5 105.5 9,345 3.3 0.04
10 Spain 2.2 31.0 1,361 7.1 0.16
  World $160.0 $1,550.0 $61,709 10.3% 0.26%
(1) Gross Domestic Product. Source: Swiss Re, sigma, No. 4/2014.