European insurance market in 2020: turnover by country
In millions USD
| Country | Turnover | 2019-2020 evolution | 2020 shares | |
|---|---|---|---|---|
| 2020 | 2019 | |||
United Kingdom | 338 320 | 364 351 | -7.14% | 20.89% |
Germany | 258 566 | 249 207 | 3.76% | 15.97% |
France | 246 500 | 255 300 | -3.45% | 15.22% |
Italy | 161 973 | 167 881 | -3.52% | 10.00% |
Netherlands | 87 529 | 84 179 | 3.98% | 5.41% |
Spain | 72 330 | 71 868 | 0.64% | 4.47% |
Switzerland | 62 669 | 58 868 | 6.46% | 3.87% |
Ireland | 58 089 | 58 646 | -0.95% | 3.59% |
Belgium | 41 236 | 41 372 | -0.33% | 2.55% |
Sweden | 40 939 | 38 026 | 7.66% | 2.53% |
Denmark | 38 045 | 36 468 | 4.32% | 2.35% |
Luxembourg | 37 437 | 41 237 | -9.22% | 2.31% |
Finland | 28 853 | 29 020 | -0.58% | 1.78% |
Russia | 20 799 | 23 989 | -13.30% | 1.28% |
Austria | 20 597 | 19 897 | 3.52% | 1.27% |
Norway | 20 160 | 21 396 | -5.78% | 1.25% |
Poland | 15 511 | 15 871 | -2.27% | 0.96% |
Portugal | 11 422 | 13 804 | -17.26% | 0.70% |
Turkey | 10 803 | 11 233 | -3.83% | 0.67% |
Czech Republic | 7 215 | 7 215 | 0.00% | 0.45% |
Liechtenstein | 5 819 | 5 518 | 5.45% | 0.36% |
Malta | 5 493 | 5 844 | -6.01% | 0.34% |
Greece | 4 881 | 4 975 | -1.89% | 0.30% |
Hungary | 3 868 | 3 916 | -1.23% | 0.24% |
Slovenia | 2 977 | 2 818 | 5.64% | 0.18% |
Romania | 2 710 | 2 591 | 4.59% | 0.17% |
Slovakia | 2 477 | 2 494 | -0.68% | 0.15% |
Ukraine | 2 167 | 2 051 | 5.66% | 0.13% |
Bulgaria | 1 650 | 1 637 | 0.79% | 0.10% |
Croatia | 1 583 | 1 583 | 0.00% | 0.10% |
Serbia | 1 064 | 1 020 | 4.31% | 0.07% |
Cyprus | 1 025 | 998 | 2.71% | 0.06% |
| Total | 1 614 707 | 1 645 273 | -1.86% | 99.72% |
| Rest of the market | 4 605 | 28 454 | -83.82% | 0.28% |
| Total Europe | 1 619 312 | 1 673 727 | -3.25% | 100% |
Sources: Sigma (Swiss Re) and Atlas Magazine
Read also | Global insurance market
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