There are seven classes

  • Life Insurance
  • General Accident Insurance
  • Fire insurance
  • Marine insurance
  • Cars Insurance
  • Engineering Insurance
  • health insurance

There are 24 Insurance companies.

 

Change in 2015%
Premiums (US $ million)
Country
No.
Total
Life Insurance
General Insurance
1.30
1,352,385
558,847
793,538
United States of America (1)
1
-5.10
471,295
354,053
117,243
Japan (2(
2
25.00
466,131
262,616
203,515
China
3
3.70
304,208
199,369
104,839
United Kingdom
4
0.1-
237,644
152,817
84,826
France
5
0.00
215,021
94,661
120,360
Germany
6
1.70
170,862
104,169
66,694
South Korea (2)
7
2.8-
162,383
122,438
39,945
Italy
8
2.30
114,523
49,976
64,547
Canada (3)
9
5.60
101,445
84,493
16,952
Taiwan
10
 
3,595,897
1,983,439
1,612,459
Total
                                                                                                                                                                
  • Life Insurance Premiums were supplemented by the estimated premiums for collective pension insurance, which has not been covered in the statistics of some areas since 2001. General Insurance Premiums include Government Financing
  • Financial year 1/4/2015- 31/3/2016
  • Life insurance premiums net.
*Source: Sigma Magazine No. 3 of 2017 issued by Swiss Re

 

(US $ Millions)
Change %
Total
Change %
Life Insurance
Change %
Non-Life Insurance (1)
Year
 
1,967,786
 
1,121,186
 
846,600
1994
8.9
2,143,408
10.3
1,236,627
7
906,781
1995
-1.8
2,105,836
-3.2
1,196,736
0.26
909,100
1996
1
2,128,671
2.9
1,231,798
-1.3
896,873
1997
1.8
2,166,405
3.5
1,275,053
-0.62
891,352
1998
7.9
2,336,952
11.7
1,424,203
2.4
912,749
1999
4.6
2,444,904
6.6
1,518,401
1.5
926,503
2000
-1.2
2,415,721
-4.8
1,445,776
4.7
969,945
2001
9
2,632,473
6.1
1,534,061
13.2
1,098,412
2002
11.7
2,940,671
9
1,672,514
15.5
1,268,157
2003
11
3,264,158
11.6
1,866,636
10.2
1,397,522
2004
4.9
3,425,714
5.7
1,973,703
3.9
1,452,011
2005
7.3
3,674,891
7.7
2,125,791
6.7
1,549,100
2006
12.3
4,127,585
14.9
2,441,823
8.8
1,685,762
2007
2.2
4,220,070
-0.1
2,439,294
5.6
1,780,776
2008
-2.6
4,109,635
-2.9
2,367,442
-2.2
1,742,193
2009
5.58
4,338,965
6.4
2,520,072
4.4
1,818,893
2010
5.98
4,566,163
4.4
2,611,718
8.2
1,954,445
2011
0.7
4,598,951
0.7
2,630,274
0.7
1,968,677
2012
0.9
4,640,941
-0.8
2,608,091
3.3
2,032,850
2013
4.02
4,778,248
4.3
2,654,549
3.7
2,123,699
2014
5.20
4,597,680
2.8
2,546,941
3.1
2,050,739
2015
2.90
4,732,188
2.8
2,617,016
3.1
2,115,172
2016
  • Including Accident and Health Insurance.
Source: Sigma Magazine No. 3 of 2017 issued by Swiss Re.
                                                                                                              

 

Premiums (US $ million)
Insurance Density: premiums Per Capita in (USD)
Insurance  Penetration : premiums as  a % of GDP
GDP Growth Rate (Billion US dollars)
Population
million
Country
No.
Total
Non-life
Life
9,934
9,656
278
309
1.6
640
32.1
Saudi Arabia
1
1,209
1,107
102
30
0.8
152
40.3
Algeria
2
803
711
92
104
2.1
39
7.7
Jordan
3
2,130
1,107
1,023
23
0.6
333
93.3
Egypt
4
1,115
932
183
280
0.9
126
4.0
Kuwait
5
1,574
1,092
482
269
3.3
47
5.9
Lebanon
6
3,560
2,103
1,457
102
3.5
102
34.8
Morocco
7
1,196
1,052
144
262
1.8
65
4.6
Oman
8
2,936
2,889
47
1288
2.0
147
2.3
Qatar
9
824
674
150
73
2.0
42
11.4
Tunisia
10
10,237
7,789
2,448
1102
2.9
357
9.3
United Arab Emirates
11
1,352,385
793,538
558,847
4174
7.5
18,503
324.0
United States of America
12
114,523
64,547
49,976
3161
7.3
1,529
36.2
Canada
13
304,208
104,839
199,369
4064
10.2
2,629
65.7
United Kingdom
14
237,643
84,826
152,817
3395
9.2
2,461
66.9
France
15
215,021
120,360
94,661
2548
6.1
3,460
82.6
Germany
16
162,383
39,945
122,438
2499
8.2
1,852
61.0
Italy
17
68,599
34,140
34,459
1482
5.6
1,233
46.3
Spain
18
33,838
16,672
17,166
2613
6.4
466
11.3
Belgium
19
58,370
27,219
31,151
6934
8.9
660
8.4
Switzerland
20
59,295
8,062
51,233
4408
7.2
287
4.7
Ireland
21
33,667
9,387
24,280
3410
6.6
510
9.9
Sweden
22
31,940
10,613
21,327
5159
9.6
307
5.7
Denmark
23
17,607
14,390
3,217
123
1.4
1,274
143.4
Russia
24
80,131
63,746
16,385
4717
10.4
771
17.0
Netherlands
25
13,702
9,038
4,664
360
2.9
471
38.0
Poland
26
13,084
11,440
1,644
164
1.6
844
79.7
Turkey
27
3,113
1,560
1,553
317
2.5
123
9.8
Hungary
28
471,296
117,243
354,053
3732
9.5
4,954
126.3
Japan
29
170,863
66,694
104,169
3362
12.1
1,414
50.8
South Korea
30
466,131
203,515
262,616
337
4.2
11,234
1382.9
China
31
79,310
17,493
61,817
60
3.5
2,272
1328.8
India
32
101,445
16,952
84,493
4321
20.0
508
23.5
Taiwan
33
13,930
4,741
9,189
452
4.8
292
30.8
Malaysia
34
20,039
4,740
15,299
77
2.2
933
260.9
Indonesia
35
8,297
7,293
1,004
104
2.1
401
80.0
Iran
36
2,520
747
1,773
13
0.9
283
192.8
Pakistan
37
82,159
44,467
37,692
3397
6.5
1,260
24.2
Australia
38
10,015
8,303
1,712
2191
5.5
182
4.6
New Zealand
39
41,962
8,072
33,890
763
14.3
294
55.0
South Africa
40
 
Source: Sigma Magazine No. 3 of 2017 issued by Swiss Re.