Europe pet insurance market size is expected to show robust growth of over 6.7% during the forecast timeframe led by high penetration of insurance coverage for companion animals. Countries such as UK and Sweden witnessed market penetration of more than 25% and 40%, respectively, in 2017 and play a major role in fueling the regional market demand. Insurance Europe is the European (re)insurance federation. COVID-19: Insurance Europe remains fully operational. In line with Belgian government requirements, Insurance Europe’s offices are closed until further notice. The federation remains fully operational, with all staff working remotely and meetings taking place via video/conference calls.
Car insurance by the numbers. $285 billion • The amount the auto industry was predicted to have generated in 2019 1. $1,099 • The average annual cost of auto insurance in the U.S. 2. 13% • The percentage of all U.S. drivers who were uninsured in 2015, that’s one in eight drivers 3. 26.7% • The percentage of drivers without car insurance in Florida, the state with the highest.
Insurance europe statistics. Life insurance represented the leading market segment in 2015 at almost $2.5 billion, or about 55% of the overall market. The US market is the single largest insurance market in the world with 30% of all premiums. The world motor insurance industry expanded by almost 4.8% from 2012 to 2016 and is worth over $866 billion, reports MarketLine. Insurance Europe has published a database with figures on the European insurance industry for the period 2004 to 2017. The database includes information on insurers’ investment portfolio, benefits and claims paid, distribution channels and the market structure for the life, non-life and health insurance sectors in Europe. Access new updated reports and statistics for the Insurance Industry in Europe. Get the latest trends and understand the impact of the crisis on the market.
The insurance penetration degree at European level, calculated as GWP percentage from GDP, was 7.46%, up by 0.21 pp. year-on-year, ranging from 0.5% in Liechtenstein to 14.3% in UK. The insurance density was EUR 2,170 per capita, up by 5.9% y-o-y, most of this sum being directed towards life insurance (EUR 1,264), then P&C (EUR 673, of which EUR 238 on motor and EUR 174 on property) and health. Main statistical findings Employment. The number of persons employed in the EU-27's insurance and pension funding sector (NACE Division 66) was 1.2 million in 2007 according to Labour force survey data. This equated to 18.5 % of those employed in all financial and insurance services (NACE Section J). Main statistical findings Structural profile. Note that within the other structural business statistics sectors, the benchmark used for comparison is the non-financial business economy, which by definition excludes the activities that are covered in this article.To show the relative importance of financial and insurance services within the business economy as a whole, sources other than.
3 Western Europe includes Belgium, France, Germany, Italy, Netherlands, Portugal, Spain, and United Kingdom. Source: National statistics, McKinsey Global Insurance Pools N/A N/A 2 4 5 7 7 7 6 6 6 7 7 OECD Insurance Statistics The insurance industry is a key component of the economy by virtue of the amount of premiums it collects, the scale of its investment and, more fundamentally, the essential social and economic role it plays by covering personal and business risks. About EIOPA insurance statistics. These statistics are published on a quarterly basis. Every publication is accompanied by a note describing the key aspects of the statistics published. The tables and charts are available in PDF and Excel format and are based on information from the statistics at the publication date.
This annual report analyses insurance market statistics collected by the OECD to monitor the insurance industry’s overall performance and health. It covers all OECD countries plus selected Asian, African and Latin American countries. 23 million UK households (41%) have a pet. Out of these, the most popular pet is a dog. 59% of pet owners have called or visited a vet in the last 12 months.; 13% of dog owners paid more than £750 for their furry friend.; 33% of all pet owners in the UK think it should be mandatory to have pet insurance.; Insuring a cat with standard insurance will cost you an average of £10 per month. Online and direct channels are the fastest growing business models in both life and non-life insurance industry in Europe. The market share of the online/direct channel business was, in 2015, 8.2% of the total business, while the total gross written premiums of this channel throughout all Europe reached 99.3 billion EUR.
23.7 million protection insurance policies in place in the UK – 1.5 million fewer than last year.; 442,000 collective life policies – in addition to the 23.7 million protection policies already in place.; 2.5 million new collective and individual life policies taken out in 2018.; 11.6 million members of group life insurance cover of some form in the UK in 2018 – 500,00 fewer than last year. This annual publication provides major official insurance statistics for all OECD countries, including data on number of companies, number of employees, premiums by type of insurance, market share by foreign companies in each country, business written abroad, premiums in terms of risk destination (foreign or domestic risks), foreign and domestic investments, gross claims payments, gross. Insurance Europe has published a database with figures on the European insurance industry for the period 2004 to 2018. The database includes information on insurers’ investment portfolio, benefits and claims paid, distribution channels and the market structure for the life, non-life and health insurance sectors in Europe.
In 2018, There were almost 7 thousand insurance companies operating in Europe. In terms of domestic companies, only Germany and the United Kingdom had more than 400 hundred companies operating. Endnotes. 1 Matthew Lerner, “Economic growth helps insurers, reinsurers in 2018,” Business Insurance, August 14, 2018. 2 Deloitte Center for Financial Services analysis of consolidated insurance industry statistics from S&P Global through June 30, 2018. 3 Neil Spector and Robert Gordon, “Property/Casualty Insurance Results: 2017,” ISO/PCI, May 14, 2018. “Euro area statistics” – The ECB website "Euro area statistics" is about euro area and national central bank statistics, and presents a sub-set of available statistics. The main objective of the webpage is to provide professional users with the possibility to compare core national statistics using graphical presentations.
This particular storm occurred in Eastern Europe with damages over 50 million euros, as local statistics reveal. According to the report, mostly homes, roofs, and vehicles in the Bulgarian capital were affected.. as predicting its size is quite difficult. Hail damage statistics report therefore getting insurance coverage might be a good plan. Following list shows the top 50 insurance companies in Europe based on total assets. AXA, a France-based company, is the largest insurance company in Europe and globally. It is also one of the world's largest asset managers with total assets under management of over €1.4 trillion. View yearly insurance statistics, including key financial indicators, industry data, and life and general insurance returns. Quarterly Unaudited Statistics View quarterly data for life and general insurance, including premiums, retention ratios, new business, business in force and net investment income..
The most important key figures provide you with a compact summary of the topic of "Insurance market in Europe" and take you straight to the corresponding statistics. Non-life insurance Europe