Current Table

Insurance In Emerging Markets, 2022

 

  Direct premiums
written, 2022
( US$ millions)
Percent change
from 2021 (1)
Share of
world market
Premiums as
a percent
of GDP (2)
Premiums
per capita
($US)
Total industry          
Advanced markets  $5,496,878 -0.2% 81% 9.5% $5,035
Emerging markets 1,285,367  2.2% 19 3.0 187
     Total 6,782,245  0.3% 100% 6.8% $853
Life          
Advanced markets   2,140,475  -5.9% 76.1% 3.7% $1,973
Emerging markets 672,557  0.9% 23.9 1.6 98
     Total 2,813,032  -4.3% 100% 2.8% $354
Non-life          
Advanced markets   3,356,403  3.8% 84.6% 5.8% $3,061
Emerging markets 612,800  3.6% 15.4 1.4 89
     Total 3,969,203  3.8% 100% 4.0% $499

(1) Inflation-adjusted.
(2) Gross domestic product.

Source: Swiss Re, sigma, No. 4/2022.

 
INSURANCE IN EMERGING MARKETS, 2008
  Direct
premiums
written
(U.S. $ millions)
Percent
change
from
2007 (1)
Share of
world
market
Premiums
as percent
of GDP
Premiums
per capita
Total industry          
Industrialized countries $3,756,939 -3.4% 88.0% 8.8% $3,655.4
Emerging markets 512,799 11.1 12.0 2.7 89.4
World 4,269,737 -2.0 100.0 7.1 633.9
Life           
Industrialized countries 2,218,523 -5.3 89.1 5.2 2,174.4
Emerging markets 271,898 14.6 10.9 1.4 47.4
World 2,490,421 -3.5 100.0 4.1 369.7
Nonlife          
Industrialized countries 1,538,290 -1.9 86.5 3.6 1,481.0
Emerging markets 240,901 7.1 13.5 1.3 42.0
World 1,779,316 -0.8 100.0 3.0 264.2

(1) Inflation-adjusted.

Source: Swiss Re, sigma, No. 3/2008.

 
INSURANCE IN EMERGING MARKETS, 2009

($ millions)

  Direct premiums written, 2009 Percent change from 2008 (1) Share of world market Premiums as percent of GDP Premiums per capita
Total industry          
Industrialized countries $3,532,716 -1.8% 86.9% 8.6% $3,404.9
Emerging markets 533,379 3.5 13.1 2.9 91.5
World 4,066,095 -1.1 100.0 7.0 595.1
Life          
Industrialized countries 2,046,957 -2.8 87.8 5.0 1,979.9
Emerging markets 284,609 4.2 12.2 1.5 48.8
World 2,331,566 -2.0 100.0 4.0 341.1
Nonlife          
Industrialized countries 1,485,759 -0.6 85.7 3.6 1,424.9
Emerging markets 248,770 2.9 14.2 1.4 42.7
World 1,734,529 -0.1 100.0 3.0 253.9

(1) Inflation-adjusted.

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

 
INSURANCE IN EMERGING MARKETS, 2009

($ millions)

  Direct premiums written, 2009 Percent change from 2008 (1) Share of world market Premiums as percent of GDP Premiums per capita
Total industry          
Industrialized countries $3,567,597 -0.9% 86.98% 8.68% $3,431.1
Emerging markets 534,062 3.9 13.02 8.85 91.7
World 4,101,658 -0.3 100.00 7.01 600.3
Life          
Industrialized countries 2,075,290 -1.4 87.96 5.07 2,003.8
Emerging markets 284,057 4.6 12.04 1.52 48.7
World 2,359,346 -0.8 100.00 4.03 345.3
Nonlife          
Industrialized countries 1,492,307 -0.1 85.65 3.10 1,427.3
Emerging markets 250,006 3.3 14.35 1.33 42.9
World 1,742,312 0.4 100.00 2.98 255.0

(1) Inflation-adjusted.

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

 
INSURANCE IN EMERGING MARKETS, 2010

($ millions)

  Direct premiums written, 2010 Percent change from 2009 (1) Share of world market Premiums as percent of GDP Premiums per capita
Total industry          
Industrialized countries $3,688,758 1.4% 85.0% 8.7% $3,526.7
Emerging markets 650,206 11.0 15.0 3.0 110.1
World 4,338,964 2.7 100.0 6.9 627.3
Life          
Industrialized countries 2,156,248 1.8 85.6 5.1 2,068.7
Emerging markets 363,824 13.1 14.4 1.7 61.6
World 2,520,072 3.2 100.0 4.0 364.3
Nonlife          
Industrialized countries 1,532,510 1.0 84.3 3.6 1,458.0
Emerging markets 286,383 8.5 15.7 1.3 48.5
World 1,818,893 2.1 100.0 2.9 263.0

(1) Inflation-adjusted.

Source: Swiss Re, sigma, No. 2/2011.

 
INSURANCE IN EMERGING MARKETS, 2011

($ millions)

  Direct premiums written, 2011 Percent change from 2010 (1) Share of world market Premiums as percent of GDP Premiums per capita
Total industry          
Advanced markets  $3,897,175 -1.1% 84.8% 8.6% $3,711.6
Emerging markets 699,512 1.3 15.2 2.7 117.8
World 4,596,687 -0.8 100.0 6.6 661.0
Life          
Advanced markets  2,261,740 -2.3 86.1 5.0 2,168.1
Emerging markets 365,428 -5.1 13.9 1.4 61.5
World 2,627,168 -2.7 100.0 3.8 377.7
Nonlife          
Advanced markets  1,635,435 0.5 83.1 3.6 1,543.5
Emerging markets 33,084 9.1 17.0 1.3 56.3
World 1,969,519 1.9 100.0 2.8 283.2

(1) Inflation-adjusted.

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

 
INSURANCE IN EMERGING MARKETS, 2013

($ millions)

  Direct premiums
written, 2013
Percent change
from 2012 (1)
Share of world
market
Premiums as a
percent of GDP
Premiums
per capita
Total industry          
Advanced markets  $3,853,267 0.3% 83.0% 8.3% $3,621
Emerging markets 787,674 7.4 17.0 2.7 129
World $4,640,941 1.4% 100.0% 6.3% $652
Life          
Advanced markets  $2,200,249 -0.2 84.4 4.7 $2,074
Emerging markets 407,842 6.4 15.6 1.4 67
World $2,608,091 0.7% 100.0% 3.5% $366
Nonlife          
Advanced markets  $1,653,018 1.1 81.3 3.5 $1,547
Emerging markets 379,832 8.3 18.7 1.3 62
World $2,032,850 2.3% 100.0% 2.8% $286

(1) Inflation-adjusted.

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

 
INSURANCE IN EMERGING MARKETS, 2014

($ millions)

  Direct premiums
written, 2014
Percent change
from 2013 (1)
Share of world
market
Premiums as a
percent of GDP (2)
Premiums
per capita
Total industry          
Advanced markets $3,939,311 2.9% 82.4% 8.2% $3,666
Emerging markets 838,936 7.4 17.6 2.7 136
World $4,778,248 3.7% 100.0% 6.2% $662
Life          
Advanced markets 2,232,524 3.8 84.1 4.7 2,090
Emerging markets 422,025 6.9 15.9 1.4 68
World $2,654,549 4.3% 100.0% 3.4% $368
Nonlife          
Advanced markets 1,706,787 1.8 80.4 3.5 1,576
Emerging markets 416,912 8.0 19.6 1.4 67
World $2,123,699 2.9% 100.0% 2.7% $294

(1) Inflation-adjusted.
(2) Gross domestic product.

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

 
Insurance In Emerging Markets, 2015

 

  Direct premiums
written, 2015 (1)
Percent change
from 2014 (2)
Share of world
market
Premiums as a
percent of GDP (3)
Premiums
per capita
Total industry          
Advanced markets  $3,704,063 2.5% 81.34% 8.12% $3,440
Emerging markets 849,723 9.8 18.66 2.92 135
   Total $4,553,785 3.8% 100.00% 6.23% $621
Life          
Advanced markets  2,089,765 2.5 82.47 4.61 1,954
Emerging markets 444,052 11.7 17.53 1.52 71
   Total $2,533,818 4.0% 100.00% 3.47% $346
Nonlife          
Advanced markets  1,614,298 2.6 79.92 3.51 1,486
Emerging markets 405,670 7.8 20.08 1.39 64
   Total $2,019,967 3.6% 100.00% 2.77% $276

(1) Expressed in millions of U.S. dollars.
(2) Inflation-adjusted.
(3) Gross domestic product.

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

 
Insurance In Emerging Markets, 2016

 

  Direct premiums
written, 2016 (1)
Percent change
from 2015 (2)
Share of world
market
Premiums as a
percent of GDP (3)
Premiums
per capita
Total industry          
Advanced markets  $3,798,652 0.7% 80.3% 8.0% $3,505
Emerging markets 933,536 13.5 19.7 3.2 $149
   Total $4,732,188 3.1% 100.0% 6.3% $638
Life          
Advanced markets  2,110,534 -0.5 80.6 4.5 1,954
Emerging markets 506,482 16.9 19.4 1.7 $80
   Total $2,617,016 2.5% 100.0% 3.5% $353
Nonlife          
Advanced markets  1,688,119 2.3 79.8 3.6 1,550
Emerging markets 427,054 9.6 20.2 1.5 $69
   Total $2,115,172 3.7% 100.0% 2.8% $285

(1) Expressed in millions of U.S. dollars.
(2) Inflation-adjusted.
(3) Gross Domestic Product.

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

 
Insurance In Emerging Markets, 2017

 

  Direct premiums
written, 2017 (1)
Percent change
from 2016 (2)
Share of world
market
Premiums as a
percent of GDP (3)
Premiums
per capita
(US $)
Total industry          
Advanced markets  $3,819,644 -0.6% 78.1% 7.8% $3,517
Emerging markets 1,072,050 10.3 21.9 3.3 166
     Total $4,891,694 1.5% 100.0% 6.1% $650
Life          
Advanced markets  $2,059,481 –2.7%  77.5% 4.2% $1,899
Emerging markets 597,790 13.8 22.5 1.9 92
     Total $2,657,270 0.5% 100.0% 3.3% $353
Nonlife          
Advanced markets  $1,760,163 1.9% 78.8% 3.6% $1,618
Emerging markets 474,261 6.1 21.2 1.5 73
   Total $2,234,424 2.8% 100.0% 2.8% $297

(1) Expressed in millions of U.S. dollars.
(2) Inflation-adjusted.
(3) Gross Domestic Product.

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

 
Insurance In Emerging Markets, 2018

 

  Direct premiums
written, 2018 (1)
Percent change
from 2017 (2)
Share of world
market
Premiums as a
percent of GDP (3)
Premiums
per capita
Total industry          
Advanced markets  $4,086,137 1.3% 78.68% 7.81% $3,737
Emerging markets 1,107,088 2.1 21.32 3.18 169
     Total $5,193,225 1.5% 100.00% 6.09% $682
Life          
Advanced markets  $2,231,352 0.8% 79.12% 4.27% $2,042
Emerging markets 588,822 -2.0 20.90 1.69 90
     Total $2,820,175 0.2% 100.00% 3.31% $370
Nonlife          
Advanced markets  $1,854,785 1.9% 78.16% 3.54% $1,694
Emerging markets 518266 7.1 21.84 1.49 79
     Total $2,373,050 3.0% 100.00% 2.78% $312

(1) Expressed in millions of U.S. dollars.
(2) Inflation-adjusted.
(3) Gross domestic product.

Source: Swiss Re, sigma, No. 3/2019.

 
Insurance In Emerging Markets, 2019

 

  Direct premiums
written, 2019 (1)
Percent change
from 2018 (2)
Share of world
market
Premiums as a
percent of GDP (3)
Premiums
per capita (US$)
Total industry          
Advanced markets  $5,130,924 2.1% 81.54% 9.63% $4,664
Emerging markets 1,161,675 6.6 18.46 3.25 175
     Total $6,292,600 2.9% 100.00% 7.23% $818
Life          
Advanced markets  $2,298,700 1.3% 78.82% 4.25% $2,056
Emerging markets 617,566 5.6 21.18 1.73 93
     Total $2,916,267 2.2% 100.00% 3.35% $379
Nonlife          
Advanced markets  $2,832,224 2.7% 83.88% 5.39% $2,608
Emerging markets 544,109 7.7 16.12 1.52 82
     Total $3,376,333 3.5% 100.00% 3.88% $439

(1) Expressed in millions of U.S. dollars.
(2) Inflation-adjusted.
(3) Gross domestic product.

Source: Swiss Re, sigma, No. 4/2020.

 
Insurance In Emerging Markets, 2020

 

  Direct premiums
written, 2020
( US$ millions)
Percent change
from 2019 (1)
Share of
world market
Premiums as
a percent
of GDP (2)
Premiums
per capita
($US)
Total industry          
Advanced markets  $5,118,118 -1.8% 81.4% 9.9% $4,695
Emerging markets 1,168,926 0.8 18.6 3.4 174
     Total $6,287,044 -1.3% 100.0% 7.4% $809
Life          
Advanced markets  $2,179,260 -5.7% 77.9% 4.2% $1,994
Emerging markets 618,177 0.3 22.1 1.8 92
     Total $2,797,436 4.4% 100.0% 3.3% $360
Nonlife          
Advanced markets  $2,938,858 1.5% 84.2% 5.7% $2,700
Emerging markets 550,749 1.3 15.8 1.6 82
     Total $3,489,608 1.5% 100.0% 4.1% $449

(1) Inflation-adjusted.
(2) Gross domestic product.

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

 
Insurance In Emerging Markets, 2021

 

  Direct premiums
written, 2021
( US$ millions)
Percent change
from 2020 (1)
Share of
world market
Premiums as
a percent
of GDP (2)
Premiums
per capita
($US)
Total industry          
Advanced markets  $5,564,319 8.7% 81.1% 9.7% $5,073
Emerging markets 1,296,279 10.9 18.9 3.0 191
     Total $6,860,598 9.1% 100.0% 7.0% $874
Life          
Advanced markets  $2,323,195 6.6% 77.5% 4.0% $2,110
Emerging markets 674,374 9.1 22.5 1.6 100
     Total $2,997,569 7.2% 100.0% 3.0% $382
Nonlife          
Advanced markets $3,241,124 10.3% 83.9% 5.7% $2,963
Emerging markets 621,904 12.9 16.1 1.4 91
     Total $3,863,028 10.7% 100.0% 3.9% $492

(1) Inflation-adjusted.
(2) Gross domestic product.

Source: Swiss Re, sigma, No. 4/2022.