Skip to main content

Market Overview

Global Insurance Industry Almanac 2021: Market Share, Market Size Value 2016-20, and Forecast to 2025


Dublin, May 04, 2021 (GLOBE NEWSWIRE) -- The "Insurance Global Industry Almanac 2016-2025" report has been added to's offering.

Global Insurance industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

  • The insurance market consists of the non-life and life insurance sectors. The value of the market is shown in terms of gross premium incomes.
  • The life insurance sector consists of mortality protection and annuity.
  • The non-life insurance sector consists of accident and health, and property and casualty insurance segments.
  • All currency conversions have been calculated at constant annual 2019 average exchange rates.
  • The total impact of the COVID-19 pandemic on the Insurance industry is currently uncertain, but early indications show that gross premium income was adversely affected in 2020. There is no way of knowing the length of the pandemic, though announcements of vaccines bring hope that there is an end in sight, and as a result, the likes of the Insurance industry will return to positive growth in 2021.
  • The global insurance market is expected to generate total gross written premiums of $5,825.4bn in 2020, representing a compound annual growth rate (CAGR) of 2.2% between 2016 and 2020.
  • The non-life insurance segment is expected to be the market's most lucrative in 2020, with total gross written premiums of $3,093.3bn, equivalent to 53.1% of the market's overall value.
  • One of the main drivers of insurance spending is consumer confidence.


  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the global insurance market.
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global insurance market.
  • Leading company profiles reveal details of key insurance market players' global operations and financial performance.
  • Add weight to presentations and pitches by understanding the future growth prospects of the global insurance market with five year forecasts.

Companies Mentioned

  • OP Financial Group
  • LocalTapiola General Mutual Insurance Company
  • Sampo plc
  • Fennia-ryhma
  • CNP Assurances SA
  • Credit Agricole SA
  • BNP Paribas Cardif
  • R+V Versicherung AG
  • ICICI Lombard General Insurance Co Ltd
  • The New India Assurance Co Ltd
  • SBI Life Insurance Co Ltd
  • HDFC Bank Ltd
  • Assicurazioni Generali SpA
  • Intesa Sanpaolo SpA
  • Poste Italiane Group
  • Meiji Yasuda Life Insurance Co
  • Japan Post Insurance Co., Ltd.
  • Nippon Life Insurance Company
  • Dai-ichi Life Holdings Inc
  • Qualitas Controladora SAB de CV
  • Grupo Nacional Provincial SAB
  • Achmea BV
  • ASR Nederland NV
  • Nationale-Nederlanden Levensverzekering Maatschappij N.V.
  • Gjensidige Forsikring ASA
  • SpareBank 1 Nord-Norge
  • Protector Forsikring ASA
  • Sberbank Rossii
  • VTB Insurance Ltd
  • Alfa Group Consortium (Wealth Management)
  • Rosgosstrakh
  • The Great Eastern Life Assurance Company Ltd
  • AIA Group Limited
  • Manulife (Singapore) Pte Ltd
  • Santam Ltd
  • Hollard Insurance Group
  • Guardrisk Insurance Company Ltd
  • Old Mutual Investment Group (Pty) Ltd
  • Samsung Fire & Marine Insurance Co Ltd
  • Hyundai Marine & Fire Insurance Co Ltd
  • Hanwha Life Insurance Co Ltd
  • VidaCaixa, S.A.U. de Seguros y Reaseguros
  • Lansforsakringar AB
  • Svenska Handelsbanken AB
  • Folksam
  • Anadolu Anonim Turk Sigorta Sirketi
  • AXA SA
  • Aksigorta AS
  • Prudential Plc
  • Lloyds Banking Group Plc
  • Zurich Insurance Group Ltd
  • State Farm Mutual Automobile Insurance Co
  • Berkshire Hathaway Inc
  • MetLife Inc
  • The Northwestern Mutual Life Insurance Co
  • Suncorp Group Ltd
  • Insurance Australia Group Ltd
  • QBE Insurance Group Limited
  • Allianz SE
  • Banco Bradesco SA
  • Banco do Brasil SA
  • Mapfre SA
  • Chubb Ltd
  • Intact Financial Corp
  • Desjardins Group
  • Aviva Plc
  • Ping An Insurance (Group) Company of China, Ltd.
  • China Life Insurance Co Ltd
  • The People's Insurance Company (Group) of China Ltd
  • Tryg A/S
  • Topdanmark AS
  • Alm. Brand A/S
  • Codan Forsikring AS

For more information about this report visit

         Laura Wood, Senior Press Manager
         For E.S.T Office Hours Call 1-917-300-0470
         For U.S./CAN Toll Free Call 1-800-526-8630
         For GMT Office Hours Call +353-1-416-8900

Primary Logo

View Comments and Join the Discussion!

Latest Ratings

RIDERF LaffertyDowngrades
RAPTCantor FitzgeraldMaintains71.0
VRTXPiper SandlerMaintains261.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at