12th October 2021: Global P&C (Non-Life) Insurance Segments
In 2020, State Farm had a clear lead over PICC and Allianz in the global market for P&C (non-life) insurance
According to Insuramore’s global rankings, the top ten P&C (non-life) insurer groups accounted for 25.3% of total P&C gross direct premiums written worldwide in 2020. In descending order, the leading five were State Farm, PICC, Allianz, AXA and Berkshire Hathaway Insurance. Read the full press release here.
7th October 2021: Global Bancassurance Groups
Bancassurance groups accounted for over 8% of the value of the global insurance market in 2020
According to Insuramore’s global rankings, and with a combined total of USD 535 billion, the top 100 insurers owned by banking or postal service groups accounted for 8.3% of gross direct premiums written and related inflows worldwide across all types of insurance (i.e. life / annuity, health and P&C / non-life) in 2020. Read the full press release here.
14th September 2021: Global MGAs / MGUs
Revenues earned worldwide by MGA, MGU and cover-holder groups had a value of around USD 12.5 billion in 2020
According to Insuramore’s global rankings, the world’s top 250 MGA / MGU / cover-holder groups, itself a highly diverse cohort, accounted for 79.5% of these revenues in the same year, although no group had a share of revenues of more than 5%. Read the full press release here.
8th June 2021: Global Insurance Brokers
Worldwide, total revenues earned from insurance broking activity were worth around USD 117.7 billion in 2020
According to Insuramore’s global rankings, the world’s top 20 insurance broking groups accounted for just over a half of global insurance broking revenues worth approximately USD 117.7 billion in 2020. However, significant further consolidation is taking place during 2021. Read the full press release here.
10th November 2020: Global Life, Health and P&C (Non-Life) Insurance
The combined share of direct business of the top 20 insurer groups in the global market fell slightly in 2019 relative to the previous year
According to global rankings published recently by Insuramore, the leading 20 insurer groups accounted for a combined 26.8% of total direct business worldwide in 2019, itself worth just over USD 6.4 trillion, down a little from an equivalent figure of 27.3% for the top 20 groups in the previous year. Read the full press release here.