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Swiss Re Institute has published its Sigma study No. 2/2025, entitled “World insurance: a riskier, more fragmented world order”.
Global insurance premiums reached 7 799 billion USD in 2024, up 7.2% on the 7 276 billion USD recorded in 2023.
The industry remains dominated by the United States, which accounted for 44.8% of global turnover in 2024.
China maintains its second position, with a market share of 10.2%. The UK follows in third place, with premiums totalling 485 billion USD.
Top 20 global insurance markets: ranking by 2024 turnover
Figures in billions USD| Ranking | Country | Premiums | Evolution 2024-2023 | Market shares 2024 | |
|---|---|---|---|---|---|
| 2024 | 2023 | ||||
| 1 | United States | 3 497 | 3 233 | 8.10% | 44.80% |
| 2 | China | 792 | 724 | 9.40% | 10.20% |
| 3 | United Kingdom | 485 | 454 | 6.80% | 6.20% |
| 4 | Japan | 339 | 363 | -6.60% | 4.30% |
| 5 | France | 292 | 264 | 10.80% | 3.70% |
| 6 | Germany | 266 | 254 | 5% | 3.40% |
| 7 | Canada | 181 | 172 | 4.70% | 2.30% |
| 8 | Italy | 180 | 157 | 14.60% | 2.30% |
| 9 | South Korea | 176 | 177 | -0.80% | 2.30% |
| 10 | India | 141 | 136 | 4% | 1.80% |
| 11 | Netherlands | 99 | 92 | 7% | 1.30% |
| 12 | Brazil | 89 | 86 | 3.80% | 1.10% |
| 13 | Taiwan | 84 | 78 | 8.20% | 1.10% |
| 14 | Spain | 81 | 83 | -1.40% | 1% |
| 15 | Australia | 75 | 75 | 0.30% | 1% |
| 16 | Hong Kong | 74 | 67 | 11.30% | 1% |
| 17 | Switzerland | 63 | 61 | 3.20% | 0.80% |
| 18 | Sweden | 53 | 44 | 18.90% | 0.70% |
| 19 | Mexico | 51 | 45 | 13.50% | 0.70% |
| 20 | Belgium | 50 | 47 | 5% | 0.60% |
| Total top 20 | 7 068 | 6 612 | 6.90% | 90.60% | |
| Rest of the market | 731 | 664 | 10.10% | 9.40% | |
| Total | 7 799 | 7 276 | 7.20% | 100% | |
