The European insurance federation, which gathers 34 national associations, has published a market overview for the year 2011. The report found that the premium collection by European insurers dwindled down by 1.5% at 1 100 billion EUR (1 424 billion USD). Assets under management amounted to 7 700 billion EUR (9 971 billion USD). Premiums decrease is accounted for by the bad performance of life insurance which reported a premiums volume of 650 billion EUR (841 billion USD), that is, a 4% fall in comparison with 2010. Out of the four most important markets (United Kingdom, France, Germany and Italy), only United Kingdom has posted an +8% growth while Italy and France went down respectively with (-18%) and (-14%). Non-life insurance, which witnessed tariff increases, has maintained a good level by reporting a 3% growth at 439 billion EUR (568 billion USD). It is mainly the motor class that drives the market with remarkable performance in the United Kingdom (+13%).
