Insurance makes a major contribution to economic growth and development:

  • It facilitates economic transactions by providing risk transfer and indemnification.
  • It encourages risk management and the promotion of safe practices.
  • It promotes financial stability by providing long-term investment in the economy.
  • And it encourages stable and sustainable savings and pension provision.

The insurance industry is the largest institutional investor in Europe, making insurers important providers of the investments needed for economic growth. Insurance and reinsurance are global businesses, and European (re)insurers are an international success story. Today, around a third of all internationally active insurance groups are headquartered in the EU, and Europe is the global leader in reinsurance, writing around half of the world’s reinsurance business. The European insurance sector is also a significant employer, both in terms of direct and indirect employment.

Insurance Europe collects and analyses data about the European insurance sector. It publishes yearly reports with an overview of the European insurance market, as well as on specific insurance business lines. The data is collected from Insurance Europe members in the European Union (excluding Lithuania), Switzerland, Iceland, Norway, Liechtenstein and Turkey. A full dataset is available below.

5 key facts about the European insurance industry

European Insurance in Figures

Insurance Europe's annual "European Insurance in Figures" report is based on yearly data collected by Insurance Europe from its member associations (see database below). The latest report provides detailed 2020 statistics showing European insurers’ life, health and property & casualty (P&C) insurance premiums and benefits paid. Furthermore, it includes figures on insurers' investment portfolio and information on the market structure.

European insurance industry database

Insurance Europe has published a database with figures on the European insurance industry for the period 2004 to 2020. The tables and charts are available in Excel format and can be downloaded by clicking on the buttons below. The methodological notes are available here.

Last update: 5 August 2021