World Life and Nonlife Insurance Premiums

By: EconomyWatch   Date: 26 May 2010

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Country Nonlife Insurance
 Life Insurance
(Direct premiums written, U.S. $ millions)
Algeria $454 $26
Angola 297 9
Argentina 2,752 1,345
Australia (2) 23,714 25,689
Austria 9,701 7,695
Bangladesh 111 210
Belgium 14,741 24,112
Botswana 97 216
Brazil 9,843 8,199
Bulgaria 401 64
Canada (3) 40,232 29,509
Chile 1,410 2,617
Colombia 1,691 645
Costa Rica 320 28
Croatia 838 260
Cyprus 317 352
Czech Republic 2,673 1,720
Denmark 7,060 12,453
Dominican Republic 333 33
Ecuador 432 59
Egypt (4) 400 211
El Salvador 246 105
Estonia 188 64
Finland 3,507 12,823
France 65,811 128,813
Germany 106,261 84,535
Greece 2,410 1,913
Guatemala 246 44
Hong Kong 2,291 12,969
Hungary 1,708 1,179
Iceland 341 37
India (5) 4,330 16,919
Indonesia 1,754 1,626
Iran (6) 1,727 153
Ireland 8,815 19,068
Israel 3,916 3,178
Italy 46,728 82,083
Jamaica 269 162
Japan (5) 105,587 386,839
Jordan 251 32
Kenya 289 119
Kuwait 298 95
Lebanon 397 180
Lithuania 245 85
Luxembourg 1,333 8,203
Malaysia (5) 2,245 4,208
Malta 144 147
Mauritius 108 165
Mexico 7,019 5,213
Morocco 1,049 323
Namibia 143 313
Netherlands (7) 27,064 31,512
New Zealand 4,297 1,284
Nigeria 455 104
Norway 6,037 7,850
Oman 236 38
Pakistan 339 224
Panama 269 153
Peru 483 400
Philippines 509 783
Poland 4,604 2,828
Portugal 5,351 7,823
PR China 16,765 35,407
Qatar 271 12
Romania 818 251
Russia 12,809 3,544
Saudi Arabia 1,146 50
Serbia and Montenegro 444 34
Singapore 3,237 6,459
Slovakia 885 603
Slovenia 1,278 531
South Africa (3) 6,301 24,381
South Korea (5) 19,944 48,680
Spain 32,311 23,592
Sri Lanka 153 120
Sweden 8,285 15,790
Switzerland 17,939 24,067
Taiwan 9,385 33,851
Thailand 2,581 3,167
Trinidad and Tobago 232 642
Tunisia 511 43
Turkey (8) 3,763 857
Ukraine 2,894 29
United Arab Emirates 1,239 254
United Kingdom 105,241 189,591
United States (9) 603,018 494,818
Venezuela 2,550 79
Vietnam 302 601
(1) Includes accident and health insurance.
(2) Nonlife insurance: July 1, 2002 - June 30, 2003.
(3) Life business expressed in net premiums.
(4) July 1, 2002 - June 30, 2003.
(5) April 1, 2003 - March 31, 2004.
(6) March 21, 2003 - March 20, 2004.
(7) Nonlife insurance is gross premiums including a small amount of reinsurance premiums.
(8) Premium in local currency in TRL billions.
(9) Life premiums include an estimate of group pension premiums. Nonlife insurance includes state funds.

Source: Swiss Re, sigma, No. 2, 2005.

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