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Top 10 Countries By Life And Nonlife Direct Premiums Written, 2023 (1)
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(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) $714,859 $2,511,826 $3,226,685 8.0% 44.9%
2 PR China  390,400 333,264 723,664 3.7 10.1
3 United Kingdom (5) 236,941 137,995 374,936 11.3 5.2
4 Japan (5), (6) 277,198 85,521 362,719 0.6 5.0
5 France (5) 170,098 112,702 282,800 9.3 3.9
6 Germany (5) 93,325 152,139 245,464 3.6 3.4
7 South Korea (5),(6) 84,364 101,552 185,916 -3.2 2.6
8 Canada (5), (7) 70,319 100,201 170,520 2.8 2.4
9 Italy (5) 110,549 48,892 159,441 3.2 2.2
10 India (5) (6) 100,185 35,773 135,958 4.8 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, 2023 – March 31, 2024.
(7) Life premiums are net premiums.

Source: Swiss Re Institute, sigma, No. 3/2024.

 

Archived Tables

TOP TEN COUNTRIES BY LIFE AND NONLIFE DIRECT PREMIUMS WRITTEN, 2008 (1)
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(U.S. $ 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) $578,211 $662,432 $1,240,643 0.22% 26.09%
2 Japan (4) 367,112 106,085 473,197 20.37 11.08
3 United Kingdom  342,759 107,393 450,152 -16.56 10.54
4 France  181,146 91,861 273,007 0.06 6.39
5 Germany  111,278 131,807 243,085 8.75 5.69
6 PR China  95,831 44,987 140,818 52.26 3.30
7 Italy  82,623 58,066 140,689 -1.20 3.30
8 Netherlands (5) 38,899 73,712 112,611 9.74 2.64
9 Canada (6) 47,855 57,319 105,174 4.38 2.46
10 South Korea (4) 66,417 30,606 97,023 -15.97 2.27

(1) Before reinsurance transactions.
(2) Includes accident and health insurance.
(3) Nonlife premiums include state funds; life premiums include an estimate of group pension business.
(4) April 1, 2008-March 31, 2009.
(5) Nonlife premiums are gross premiums and include a small amount of reinsurance premiums.
(6) Life premiums are net premiums.

Source: Swiss Re, sigma, No. 3/2009.

 
TOP TEN COUNTRIES BY LIFE AND NONLIFE DIRECT PREMIUMS WRITTEN, 2009 (1)
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(U.S. $ 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) $501,675 $648,083 $1,149,758 -7.3 28.03%
2 Japan (4) 410,309 107,762 518,070 7.2 12.63
3 United Kingdom 216,719 95,446 312,165 -21.1 7.61
4 France 194,077 88,993 283,070 2.6 6.90
5 Germany 111,996 127,945 239,941 -0.2 5.85
6 Italy 115,290 54,070 169,360 20.4 4.13
7 China (5) 109,175 53,871 163,046 15.8 3.98
8 Netherlands (6) 33,758 74,385 108,144 -5.6 2.64
9 Canada (7) 45,154 54,342 98,496 -4.7 2.43
10 South Korea 62,461 34,216 96,676 6.7 2.36

(1) Before reinsurance transactions.
(2) Includes accident and health insurance.
(3) Nonlife premiums include state funds; life premiums include an estimate of group pension business.
(4) April 1, 2009-March 31, 2010.
(5) Provisional.
(6) Estimated.
(7) Life premiums are net premiums.

Source: Swiss Re, sigma, No. 2/2010, update December, 2010.

 
TOP TEN COUNTRIES BY LIFE AND NONLIFE DIRECT PREMIUMS WRITTEN, 2010 (1)
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(U.S. $ 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) $506,228 $659,915 $1,166,142 1.4% 26.88%
2 Japan (4), (5) 440,950 116,489 557,439 6.8 12.85
3 United Kingdom (6) 213,831 96,191 310,022 -0.7 7.15
4 France (6) 192,428 87,654 280,082 -1.4 6.46
5 Germany (6) 114,868 124,949 239,817 -0.1 5.53
6 China (4) 142,999 71,628 214,626 31.6 4.95
7 Italy (6) 122,063 52,285 174,347 2.9 4.02
8 Canada (6), (7) 51,574 63,947 115,521 16.1 2.66
9 South Korea (4), (5) 71,131 43,291 114,422 16.3 2.64
10 Netherlands (6) 25,102 71,954 97,057 -6.1 2.24

(1) Before reinsurance transactions.
(2) Includes accident and health insurance. Does not correspond to grouping of U.S. data shown elsewhere in this book.
(3) Life premiums include an estimate of group pension business; nonlife premiums include state funds.
(4) Provisional.
(5) April 1, 2010-March 31, 2011.
(6) Estimated.
(7) Life premiums are net premiums.

Source:  Swiss Re, sigma, No. 2/2011.

 
TOP TEN COUNTRIES BY LIFE AND NONLIFE DIRECT PREMIUMS WRITTEN, 2011 (1)
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(U.S. $ 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) $537,570 $667,107 $1,204,677 3.7% 26.2%
2 Japan (4),(6) 524,668 130,741 655,408 14.7 14.26
3 United Kingdom (4) 210,067 109,486 319,553 6.4 6.95
4 France (4) 174,753 98,359 273,112 -3.6 5.94
5 Germany (5) 113,869 131,292 245,162 4.3 5.34
6 P.R. China (5) 134,539 87,319 221,858 3.4 4.83
7 Italy 105,089 55,426 160,514 -7.9 3.49
8 South Korea (6) 79,161 51,223 130,383 13.3 2.84
9 Canada (4),(7) 52,167 69,045 121,213 6.6 2.64
10 Netherlands 31,210 79,722 110,931 8.5 2.41

(1) Before reinsurance transactions.
(2) Includes accident and health insurance. Does not correspond to grouping of U.S. data shown elsewhere in the book.
(3) Life premiums include an estimate of group pension business; nonlife premiums include state funds.
(4) Estimated.
(5) Provisional.
(6) April 1, 2011 to March 31, 2012.
(7) Life insurance premiums are net premiums.

Source: Swiss Re, sigma, No. 3/2012.

 
TOP TEN COUNTRIES BY LIFE AND NONLIFE DIRECT PREMIUMS WRITTEN, 2013 (1)
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(U.S. $ 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) $532,858 $726,397 $1,259,255 -1.1% 27.13%
2 Japan (5), (6) 422,733 108,773 531,506 -15.2 11.45
3 United Kingdom (6) 222,893 106,750 329,643 2.4 7.10
4 P.R. China (4) 152,121 125,844 277,965 13.3 5.99
5 France (7) 160,156 94,598 254,754 7.2 5.49
6 Germany (7) 114,349 132,813 247,162 6.3 5.33
7 Italy (4) 117,978 50,576       168,554 17.1 3.63
8 South Korea (5), (6) 91,204 54,223 145,427 -4.9 3.13
9 Canada (6), (8) 52,334 73,010 125,344 0.6 2.70
10 Netherlands (4) 26,005 75,135 101,140 5.5 2.18

(1) Before reinsurance transactions.
(2) Includes accident and health insurance.
(3) Nonlife premiums include state funds; life premiums include an estimate of group pension business.
(4) Provisional.
(5) April 1, 2013-March 31, 2014.
(6) Estimated.
(7) Life premiums are estimated; nonlife premiums are provisional.
(8) Life premiums are net premiums.

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

 
TOP 10 COUNTRIES BY LIFE AND NONLIFE DIRECT PREMIUMS WRITTEN, 2014 (1)
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(U.S. $ 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) $528,221 $752,222 $1,280,443 2.1% 26.80%
2 Japan (5), (6) 371,588 108,174 479,762 -3.7 10.04
3 United Kingdom (5) 235,321 115,945 351,266 7.9 7.35
4 P.R. China (7) 176,950 151,490 328,439 17.3 6.90
5 France (8) 172,761 97,759 270,520 5.1 5.66
6 Germany (7) 118,475 136,170 254,644 2.8 5.33
7 Italy (9) 145,292 49,443       194,735 15.3 4.08
8 South Korea (6) 101,572 57,943 159,515 9.4 3.34
9 Canada (10), (11) 52,138 73,235 125,373 -2.0 2.62
10 Netherlands (5) 21,855 74,100 95,956 -3.5 2.01

(1) Before reinsurance transactions.
(2) Includes accident and health insurance.
(3) Nonlife premiums include state funds; life premiums include an estimate of group pension business.
(4) Life premiums are estimated.
(5) Estimated.
(6) April 1, 2014, to March 31, 2015.
(7) Provisional.
(8) Life premiums are provisional; nonlife premiums are estimated.
(9) Nonlife premiums are estimated.
(10) Life premiums are net premiums.
(11) Life premiums are estimated; nonlife premiums are provisional.

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

 
Top 10 Countries By Life And Nonlife Insurance Direct Premiums Written, 2015 (1)
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(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) $552,506 $763,766 $1,316,721 3.6% 28.90%
2 Japan (5), (6) 343,816 105,891 449,707 -5.6 9.88
3 P.R. China (7) 210,763 175,737 386,500 17.7 8.49
4 United Kingdom (5) 214,492 105,685 320,176 -5.2 7.03
5 France (7) 150,143 80,402 230,545 -14.5 5.06
6 Germany (8) 96,725 116,538 213,263 -16.4 4.68
7 Italy (5) 124,848 40,189 165,037 -15.3 3.62
8 South Korea (6) 98,218 55,402 153,620 -3.3 3.37
9 Canada (5), (9) 49,331 65,637 114,968 -9.5 2.52
10 Taiwan 79,627 16,352 95,979 0.4 2.11

(1) Before reinsurance transactions.
(2) Includes accident and health insurance.
(3) Nonlife premiums include state funds; life premiums include an estimate of group pension business.
(4) Life premiums are provisional.
(5) Estimated.
(6) April 1, 2015, to March 31, 2016.
(7) Provisional.
(8) Nonlife premiums are provisional.
(9) Life premiums are net premiums.

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

 
Top 10 Countries By Life And Nonlife Direct Premiums Written, 2016 (1)
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(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) $558,847 $793,538 $1,352,385 2.6% 25.58%
2 Japan (4), (5) 354,053 117,243 471,295 5.1 9.96
3 P.R. China (6) 262,616 203,515 466,131 20.6 9.85
4 United Kingdom (7) 199,369 104,839 304,208 -7.5 6.43
5 France (8) 152,817 84,826 237,644 -0.2 5.02
6 Germany (8), (9) 94,661 120,360 215,021 0.2 4.54
7 South Korea (4), (5) 104,169 66,694 170,862 3.6 3.61
8 Italy (4) 122,438 39,945 162,383 -3.2 3.43
9 Canada (8), (10) 49,976 64,547 114,523 0.1 2.42
10 Taiwan 84,493 16,952 101,445 5.7 2.14

(1) Before reinsurance transactions.
(2) Includes accident and health insurance.
(3) Nonlife premiums include state funds; life premiums include an estimate of group pension business.
(4) Estimated.
(5) April 1, 2016 to March 31, 2017.
(6) Provisional.
(7) Nonlife premiums are estimated.
(8) Life premiums are estimated.
(9) Nonlife premiums are provisional.
(10) Life premiums are net premiums.

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

 
Top 10 Countries By Life And Nonlife Direct Premiums Written, 2012 (1)
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(U.S. $ 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) $567,756 $703,128 $1,270,884 4.0% 27.55%
2 Japan (4), (6) 524,372 129,740 654,112 2.5 14.18
3 United Kingdom (6) 205,918 105,500 311,418 -0.5 6.75
4 P.R. China (4) 141,208 104,302 245,511 10.7 5.32
5 France (6) 149,346 93,112 242,459 -11.1 5.26
6 Germany (4) 106,411 125,497 231,908 -5.6 5.03
7 Italy 93,273 50,945 144,218 -10.3 3.13
8 South Korea (4), (6) 78,920 60,376 139,296 10.7 3.02
9 Canada (6), (7) 51,783 70,750 122,532 1.2 2.66
10 Netherlands (6) 29,338 71,005 100,342 -7.8 2.18

(1) Before reinsurance transactions.
(2) Includes accident and health insurance.
(3) Nonlife premiums include state funds; life premiums include an estimate of group pension business.
(4) Provisional.
(5) April 1, 2012-March 31, 2013.
(6) Estimated.
(7) Life premiums are net premiums.

Source: Swiss Re, sigma, No. 3/2013.

 
Top 10 Countries By Life And Nonlife Direct Premiums Written, 2017 (1)
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(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) $546,800 $830,315 $1,377,114 -0.1% 28.15%
2 P.R. China (5) 317,570 223,876 541,466 16.2 11.07
3 Japan (4), (6) 307,232 114,818 422,050 –6.5 8.63
4 United Kingdom (4) 189,833 93,499 283,331 –2.6 5.79
5 France (8) 153,520 88,083 241,603 1.8 4.94
6 Germany (7), (8) 96,973 126,005 222,978 3.8 4.56
7 South Korea (4), (6) 102,839 78,378 181,218 2.4 3.70
8 Italy (4) 113,947 41,562 155,509 –2.6 3.18
9 Canada (4), (9) 51,592 67,927 119,520 5.5 2.44
10 Taiwan 98,602 18,873 117,474 15.8 2.40

(1) Before reinsurance transactions.
(2) Includes accident and health insurance.
(3) Nonlife premiums include state funds; life premiums include an estimate of group pension business.
(4) Estimated.
(5) Provisional.
(6) April 1, 2017 to March 31, 2018.
(7) Life premiums are estimated.
(8) Nonlife premiums are provisional.
(9) Life premiums are net premiums.

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

 
Top 10 Countries By Life And Nonlife Direct Premiums Written, 2018 (1)
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(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.

 
Top 10 Countries By Life And Nonlife Direct Premiums Written, 2019 (1)
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(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.

 
Top 10 Countries By Life And Nonlife Direct Premiums Written, 2020 (1)
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(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) $632,687 $1,897,883 $2,530,570 1.8% 40.3%
2 PR China  347,545 308,330 655,874 6.2 10.4
3 Japan (5), (6) 294,497 120,308 414,805 -3.0 6.6
4 United Kingdom (5) 238,890 99,430 338,321 -7.1 5.4
5 Germany (5) 106,571 151,995 258,566 3.8 4.1
6 France (5) 136,611 94,736 231,347 -11.2 3.7
7 South Korea (5),(6) 106,143 87,565 193,709 8.2 3.1
8 Italy (5) 118,612 43,361 161,973 -3.5 2.6
9 Canada (5), (7) 58,234 85,234 143,468 6.4 2.3
10 Taiwan 91,155 22,150 113,304 -3.8 1.8

(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, 2020 – March 31, 2021.
(7) Life premiums are net premiums.

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

 
Top 10 Countries By Life And Nonlife Direct Premiums Written, 2021 (1)
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(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.

 
Top 10 Countries By Life And Nonlife Direct Premiums Written, 2022 (1)
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(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) $672,006 $2,287,801 $2,959,807 8.6% 43.7%
2 PR China  364,359 333,448 697,807 0.2 10.3
3 United Kingdom (5) 248,240 114,769 363,009 -2.8 5.4
4 Japan (5), (6) 243,892 93,920 337,812 -15.1 5.0
5 France (5) 157,179 104,075 261,254 -10.7 3.9
6 Germany (5) 99,164 142,469 241,633 -11.3 3.6
7 South Korea (5), (6) 88,026 94,820 182,846 -5.3 2.7
8 Canada (5), (7) 71,639 99,332 170,971 2.8 2.5
9 Italy (5) 115,938 44,229 160,167 -16.5 2.4
10 India (5) (6) 99,503 31,538 131,041 6.5 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, 2022 – March 31, 2023.
(7) Life premiums are net premiums.

Source: Swiss Re, sigma, No. 3/2023.