| Top 10 Countries By Life And Nonlife Direct Premiums Written, 2023 (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) |
$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. |
|