Industry Statistics, Trends and In-depth Analysis of Top Companies

 
     

Insurance Industry Overview

 

See the complete list of statistics that we provide.

Insurance Industry Overview

Global Insurance Industry

Amount

Units

Year

Source

Total Gross Insurance Premiums

4.270

Tril. US$

2008

SwissRe

Global Premiums as % of Global GDP

6.18

Percent

2008

IMF

Global Life Insurance Premiums

2.490

Tril. US$

2008

SwissRe

Global Non-Life Insurance Premiums

1.779

Tril. US$

2008

SwissRe

Total Direct Premium Growth, Worldwide, 2007-2008

-2.0

Percent

2008

SwissRe

Growth in Life Insurance Premiums

-3.5

Percent

2008

SwissRe

Growth in Non-Life Insurance Premiums

-0.8

Percent

2008

SwissRe

Total Insurance Growth in Emerging Markets, 2007-2008

11.1

Percent

2008

SwissRe

US Insurance Industry

Life Insurance Net Premiums

165

Bil. US$

2009

PRE

Total Financial Assets of Life Insurance Companies

4,515.5

Bil. US$

2008

Fed

Property/Casualty Net Premiums

450

Bil. US$

2009

PRE

Total Financial Assets of Property/Casualty Insurers

1,305.5

Bil. US$

2008

Fed

Specialty Insurance Net Premiums

26

Bil. US$

2009

PRE

Health Insurance Coverage & the Uninsured

Private Health Insurance Benefits Paid

854.4

Bil. US$

2009

PRE

People with Health Insurance Coverage

254.6

Million

2008

PRE

People without Health Insurance for the Entire Year

46.3

Million

2009

Census

As Percent of Total Population

15.4

Percent

2008

Census

Total Number of Medicare Enrollees

44.5

Million

2008

CMS

Total Number of Medicare Advantage Enrollees

9.3

Million

2008

CMS

Total Number of Medicaid Enrollees

59.0

Million

2009

CHCS

Federal Spending on Medicare

452.0

Bil. US$

2008

USOMB

Federal Spending on Medicaid

201.4

Bil. US$

2008

USOMB

Employment in the Insurance Industry (As of August; Preliminary Estimates; Not Seasonally Adjusted)

Total

2,309

Million

2008

BLS

Direct Life & Health Insurance Carriers

804.2

Thousand

2008

BLS

Direct Health & Medical Insurance Carriers

449.0

Thousand

2008

BLS

Direct Property & Casualty Insurers

489.2

Thousand

2008

BLS

Reinsurance Carriers

28.4

Thousand

2008

BLS

Insurance Agencies & Brokerages

670.1

Thousand

2008

BLS

IMF = International Monetary Fund; Fed = Board of Governors of the Federal Reserve System; PRE = Plunkett Research estimate; Census = U.S. Census Bureau; CMS = Centers for Medicare & Medicaid Services; CHCS = Ctr. for Health Care Strategies; U.S. Office of Management & Budget; BLS = U.S. Bureau of Labor Statistics.

Source: Plunkett Research, Ltd.

Plunkett's Insurance Industry Almanac 2010, Copyright ©, 2009, All Rights Reserved


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