Market share of insurance industry by country 2022

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In 2022, over 43 percent of life and non-life premiums worldwide were written in the United States, which was approximately four times greater than the market share held by China. Since 2010, the value of insurance premiums written in the U.S. has exceeded one trillion U.S. dollars annually.

Market share of leading life and non-life direct premium writing territories globally in 2022

Characteristic	Market share by premiums
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Release date

December 2023

More information

Region

Worldwide

Survey time period

2022

Special properties

Before reinsurance transactions. Non-life insurance premiums include accident and health insurance.

Supplementary notes

United States: Nonlife premiums include private medical insurance and state funds; life premiums include an estimate of group pension business; Life premiums are estimated.
Japan: Estimated or provisional; April 1, 2022 to March 31, 2023.
United Kingdom: Estimated or provisional.
France: Estimated or provisional.
Germany: Estimated or provisional.
Italy: Estimated or provisional.
South Korea: Estimated or provisional; April 1, 2022 to March 31, 2023.
Canada: Estimated or provisional; Life premiums are net premiums.

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