Top 10 Countries By Life And Nonlife Direct Premiums Written, 2019 (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) $628,522 $1,831,601 $2,460,123 3.9% 39.10%
2 PR China (5) 329,432 287,967 617,399 7.4 9.81
3 Japan (5), (6) 341,328 118,019 459,357 4.8 7.30
4 United Kingdom (5) 264,221 102,022 366,243 -3.8 5.82
5 France (5) 167,588 94,694 262,283 -1.5 4.17
6 Germany (5) 101,550 142,301 243,852 -0.4 3.88
7 South Korea (6) 94,483 80,037 174,520 -3.3 2.77
8 Italy 124,133 43,705 167,838 -1.4 2.67
9 Canada (5), (7) 53,317 79,840 133,157 2.9 2.12
10 Taiwan 97,423 20,401 117,823 -3.4 1.87
(1) Before reinsurance transactions. (2) Includes accident and health insurance. (3) Nonlife premiums now include private medical insurance, which had been included for other countries. (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, 2019 – March 31, 2020. 7) Nonlife premiums are gross premiums, including reinsurance; life premiums are net premiums. Source: Swiss Re, sigma No. 4/2020.