World Ιnsurance Μarket 2009 2015

Dr. Giorgos K. Kassapis

Insurance & Financial Advisory Services

email: [email protected]

bio page: about.me/giorgoskassapis

blog: giorgoskassapis.wordpress.com

linkedin: www.linkedin.com/in/giorgoskassapis

User

Sticky Note

S3 PREMIUM VALUE (total premium value, life premium value, non-life premium value)

S4 INSURANCE PENETRATION (total business, life business, non-life business)

S5 INSURANCE DENSITY (total business, life business, non-life business)

S6 SHARE OF MARKET (total business, life business, non-life business)

S7 SOURCES

World Insurance Market

Total premium volume (in millions of USD)


Life premium volume (in millions of USD)

Region 2009 2010 2011 2012 2013 2014 2015

North America

Latin America &

Caribbean

Europe

Asia

Africa

Oceania

World

536001

43625

953515

732267

32564

33592

2331566

557802

54547

965661

855370

47244

39448

2520072

589737

65197

937168

941958

46298

46810

2626944

589737

65197

937168

941958

46298

46810

2626944

585193

80363

946727

898413

49939

47455

2608091

580358

75245

1002728

892318

45796

58103

2654549

601837

66201

872115

904569

43704

45393

2533818

Region 2009 2010 2011 2012 2013 2014 2015

North America

Latin America &

Caribbean

Europe

Asia

Africa

Oceani

World

1238586

110910

1610620

989451

49287

67241

4066055

1281664

127867

1620437

1161118

66719

81160

4338964

1325890

154275

1650866

1298139

68080

99438

4595123

1393416

168737

1535176

1346223

71891

97071

4612514

1384599

183800

1631699

1278780

72425

89638

4640941

1416816

188225

1697629

1317566

68974

100140

4778248

1431239

158146

1468878

1350974

64123

80426

4553785

Region 2009 2010 2011 2012 2013 2014 2015

North America

Latin America &

Caribbean

Europe

Asia

Africa

Oceania

World

702584

67285

657105

257184

16723

33649

1734529

723861

73320

654775

305748

19475

41713

1818893

736152

89078

713699

356180

21782

52628

1968179

773878

96903

658732

388511

22002

51623

1991650

799407

103437

684972

380366

22485

42182

2032850

825457

112979

694801

425248

23178

42036

2123699

829402

91945

596763

446405

20419

35033

2019967


Non-life premium volume (in millions of USD)

S3


Insurance Penetration (Total business) (premiums in % of GDP)


Insurance Penetration (Life business) (premiums in % of GDP)

Region 2009 2010 2011 2012 2013 2014 2015

North America

Latin America &

Caribbean

Europe

Asia

Africa

Oceania

World

3.40

1.10

4.50

4.50

2.20

3.10

4.00

3.40

1.10

4.50

4.50

2.70

2.80

4.00

3.50

1.20

4.10

4.30

2.50

2.80

3.80

3.57

1.28

3.89

4.09

2.53

2.68

3.69

3.10

1.40

4.00

3.80

2.40

2.70

3.50

3.00

1.20

4.10

3.50

1.90

3.40

3.40

3.06

1.29

4.16

3.59

1.97

3.15

3.47

Region 2009 2010 2011 2012 2013 2014 2015

North America

Latin America &

Caribbean

Europe

Asia

Africa

Oceania

World

7.90

2.80

7.60

6.10

3.30

6.20

7.00

7.90

2.70

7.50

6.20

3.90

5.80

6.90

7.90

2.80

7.10

5.80

3.60

5.90

6.60

8.03

3.00

6.73

5.73

3.65

5.60

6.50

7.40

3.20

6.80

5.40

3.50

5.20

6.30

7.30

3.10

6.80

5.20

2.80

5.90

6.20

7.29

3.09

6.89

5.34

2.90

5.58

6.23

Region 2009 2010 2011 2012 2013 2014 2015

North America

Latin America &

Caribbean

Europe

Asia

Africa

Oceania

World

4.50

1.70

3.10

1.60

1.10

3.10

3.00

4.50

1.50

3.00

1.60

1.10

3.00

2.90

4.40

1.60

3.00

1.60

1.20

3.10

2.80

4.46

1.72

2.84

1.64

1.12

2.98

2.81

4.30

1.80

2.80

1.60

1.10

2.40

2.80

4.30

1.80

2.70

1.70

0.90

2.50

2.70

4.22

1.80

2.73

1.74

0.92

2.43

2.77


Insurance Penetration (Non-life business) (premiums in % of GDP)

S4


Insurance Density (Total business) (premiums per capita in USD)


Insurance Density (Life business) (premiums per capita in USD)

Region 2009 2010 2011 2012 2013 2014 2015

North America

Latin America &

Caribbean

Europe

Asia

Africa

Oceania

World

1572.8

75.6

1111.0

180.3

32.3

930.7

341.2

1620.9

93.5

1110.6

208.1

45.8

1109.7

364.3

1697.0

110.0

1083.0

229.0

44.0

1299.0

378.0

1776.8

120.0

996.0

229.8

46.7

1245.5

372.6

1664.0

131.0

1076.0

213.0

46.0

1286.0

366.0

1638.0

122.0

1138.0

209.0

41.0

1509.0

368.0

1684.9

105.1

987.2

209.8

37.3

1165,.5

345.7

Region 2009 2010 2011 2012 2013 2014 2015

North America

Latin America &

Caribbean

Europe

Asia

Africa

Oceania

World

3634.5

192.2

1861.5

243.1

48.8

1862.9

595.1

3724.4

219.1

1850.2

281.5

64.7

2.283.1

627.3

3815.0

261.0

1886.0

314.0

65.0

2.759.0

661.0

3996.3

281.9

1724.4

321.7

67.3

2.660.2

655.7

3938.0

300.0

1833.0

303.0

66.0

2429.0

652.0

3969.0

304.0

1902.0

307.0

61.0

2600.0

662.0

4006.9

251.0

1634.4

311.7

54.7

2065.0

621.2


Insurance Density (Non-life business) (premiums per capita in USD)

Region 2009 2010 2011 2012 2013 2014 2015

North America

Latin America &

Caribbean

Europe

Asia

Africa

Oceania

World

2061.7

116.6

750.6

62.8

16.6

932.2

253.9

2103.5

125.6

739.6

73.5

18.9

1173.4

263.0

2118.0

150.0

802.0

85.0

21.0

1460.0

283.0

2219.5

161.9

728.3

91.9

20.6

1414.7

283.1

2273.0

169.0

758.0

91.0

21.0

1143.0

285.0

2330.0

183.0

764.0

98.0

21.0

1092.0

294.0

2322.0

145.9

647.7

102.0

17.4

899.2

275.8

S5


Share of Market (Total business) (in %)


Share of Market (Life business) (in %)

Region 2009 2010 2011 2012 2013 2014 2015

North America

Latin America &

Caribbean

Europe

Asia

Africa

Oceania

World

22.99

1.87

40.90

31.41

1.40

1.44

100.00

22.13

2.16

38.32

33.94

1.87

1.57

100.00

23.64

2.74

33.44

36.54

1.90

1.73

100.00

22.44

3.08

36.30

34.45

1.91

1.82

100.00

21.86

2.83

37.77

33.61

1.73

2.19

100.00

23.75

2.61

34.42

35.70

1.72

1.79

100.00

Region 2009 2010 2011 2012 2013 2014 2015

North America

Latin America &

Caribbean

Europe

Asia

Africa

Oceania

World

30.46

2.73

39.61

24.33

1.21

1.65

100.00

29.54

2.95

37.35

26.76

1.54

1.87

100.00

22.45

2.48

35.68

35.85

1.76

1.78

100.00

30.21

3.66

33.28

29.19

1.56

2.10

100.00

29.83

3.96

35.16

27.55

1.56

1.93

100.00

29.42

3.94

35.53

27.57

1.44

2.10

100.00

31.43

3.47

32.26

29.67

1.41

1.77

100.00

Region 2009 2010 2011 2012 2013 2014 2015

North America

Latin America &

Caribbean

Europe

Asia

Africa

Oceania

World

40.51

3.88

37.88

14.83

0.96

1.94

100.00

39.80

4.03

36.00

16.81

1.07

2.29

100.00

37.40

4.53

36.26

18.08

1.11

2.67

100.00

38.86

4.87

33.07

19.51

1.10

2.59

100.00

39.32

5.09

33.70

18.71

1.11

2.08

100.00

38.87

5.32

32.72

20.02

1.09

1.98

100.00

41.06

4.55

29.54

22.10

1.01

1.73

100.00


Share of Market (Non-life business) (in %)

S6

Sources

Swiss Re, Sigma Series, No 2/2010







S7

World Ιnsurance Μarket 2009 2015

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