EUR 3.91 trillion or 5.4 percent of global economic output. Preliminary estimates suggest that this is the volume of the gross written premiums generated by insurers across the globe last year (excl. health insurance). In a year-on-year comparison, the nominal increase in premium income – after adjustments to reflect foreign currency translation effects – comes to an estimated 4.3%. For the first time since 2015, life insurance outgrew the P&C segment, albeit by a very thin margin (4.4% vs 4.3%).
With the interactive “Allianz Global Insurance Map”, readers can navigate through the particularities of national markets by themselves. Simply choose a country and retrieve data, from premium growth and volume per capita to general economic growth and inflation; data cover not only the last year but the entire period since 2000 – for a comprehensive overview of each market.