Tuesday, July 19, 2022
HomeLife InsuranceUnited States Tops Checklist of Largest Life Insurance coverage and Annuity Markets

United States Tops Checklist of Largest Life Insurance coverage and Annuity Markets


America nonetheless has the largest life insurance coverage and annuity market on the planet, and, in 2021, it was one of many faster-growing giant markets.

The Swiss Re Institute, a analysis arm of Swiss Re, has posted country-by-country premium knowledge, expressed each in U.S. {dollars} and in native currencies, in its newest world insurance coverage report.

Researchers on the Zurich-based reinsurer estimate that the world’s life insurance coverage and annuity premium quantity elevated 9.9%, by way of U.S. {dollars}, between 2020 and 2021, to $3 trillion.

That amounted to a median of $382 in premiums for every of the world’s 7.8 billion individuals.

Clients spent 3% of the world’s $99 trillion in gross home product on life and annuity premiums.

(Photograph: NASA)

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