Gross premiums of the insurance industry worldwide 2000-2020
share of the global insurance market over the past two decades.
Which companies are the global leaders?
The value of gross premiums generated by the insurance industry worldwide increased from 2.51 trillion U.S. dollars in 2000 to 5.23 trillion U.S. dollars in 2020. The whole insurance industry is divided into two broad categories – life insurance and non-life insurance (in the United States and Canada called property and casualty insurance). The leading global insurance companies in 2020 in terms of revenue were Berkshire Hathaway, Ping An Insurance, and China Life Insurance.
Between 2019 and 2020, the value of gross premiums written in all 38 OECD member countries grew by 200 billion U.S. dollars. In 2020, this figure reached approximately 5.23 trillion U.S. dollars, up from 5.03 trillion U.S. dollars in the previous year. OECD member countries held the lion's Which companies are the global leaders?
The value of gross premiums generated by the insurance industry worldwide increased from 2.51 trillion U.S. dollars in 2000 to 5.23 trillion U.S. dollars in 2020. The whole insurance industry is divided into two broad categories – life insurance and non-life insurance (in the United States and Canada called property and casualty insurance). The leading global insurance companies in 2020 in terms of revenue were Berkshire Hathaway, Ping An Insurance, and China Life Insurance.