In 2020, the year Covid-19 plunged the world economy into its deepest recession since the Second World War, the insurance industry escaped with a black eye: global premium income fell by only 2.1%. Property insurance even recorded a small increase of 1.1%, while life business slumped by 4.1%. Total premium income was thus around EUR 80bn lower than before the crisis, adding up to EUR 3,730bn or 5.5 percent of global economic output.
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.