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OECD Insurance
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2009-2016
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2017

OECD Insurance Statistics
2017
ThisworkispublishedundertheresponsibilityoftheSecretary-GeneraloftheOECD.The
opinionsexpressedandargumentsemployedhereindonotnecessarilyreflecttheofficial
viewsofOECDmembercountries.
Thisdocument,aswellasanydataandanymapincludedherein,arewithoutprejudiceto
thestatusoforsovereigntyoveranyterritory,tothedelimitationofinternationalfrontiers
andboundariesandtothenameofanyterritory,cityorarea.
Pleasecitethispublicationas:
OECD(2018),OECDInsuranceStatistics2017,OECDPublishing,Paris.
https://doi.org/10.1787/ins_stats-2017-en
ISBN978-92-64-30342-3(print)
ISBN978-92-64-30343-0(PDF)
Series:OECDInsuranceStatistics
ISSN2307-8421(print)
ISSN2307-843X(online)
ThestatisticaldataforIsraelaresuppliedbyandundertheresponsibilityofthe relevantIsraeliauthorities.Theuse
ofsuchdatabytheOECDiswithoutprejudicetothestatusoftheGolanHeights,EastJerusalemandIsraeli
settlementsintheWestBankunderthetermsofinternationallaw.
CorrigendatoOECDpublicationsmaybefoundonlineat:www.oecd.org/publishing/corrigenda.
©OECD2018
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[email protected].
TABLEOFCONTENTS
Table of contents
Conventionalsignsandabbreviations ...................................................... 5
Commondefinitionsandnotes ............................................................ 7
PartI. Internationalcomparisons
Table1. Balancesheetandincome,directinsurance(Allinsurancecompanies)............... 10
Table2. Balancesheetandincome,directinsurance(Lifeinsurancecompanies).............. 11
Table3. Balancesheetandincome,directinsurance(Non-lifeinsurancecompanies).......... 12
Table4. Portfolioallocation,directinsurance(Allinsurancecompanies) ..................... 13
Table5. Portfolioallocation,directinsurance(Lifeinsurancecompanies) .................... 14
Table6. Portfolioallocation,directinsurance(Non-lifeinsurancecompanies) ................ 15
Table7. Totalgrosspremiums(LifeandNon-life)......................................... 16
Table8. Totalgrosspremiums(Life)..................................................... 17
Table9. Totalgrosspremiums(Non-life)................................................. 18
Table10. MarketshareinOECD(LifeandNon-life)......................................... 19
Table11. MarketshareinOECD(Life) .................................................... 20
Table12. MarketshareinOECD(Non-life) ................................................ 21
Table13. Density(LifeandNon-life) ..................................................... 22
Table14. Density(Life)................................................................. 23
Table15. Density(Non-life)............................................................. 24
Table16. Penetration(LifeandNon-life).................................................. 25
Table17. Penetration(Life).............................................................. 26
Table18. Penetration(Non-life).......................................................... 27
Table19. Lifeinsuranceshare........................................................... 28
Table20. Directtotalgrosspremiumsperinsurancecompanyemployee...................... 29
Table21. Retentionratio(LifeandNon-life)............................................... 30
Table22. Retentionratio(Life)........................................................... 31
Table23. Retentionratio(Non-life)....................................................... 32
Table24. Ratioofreinsuranceaccepted(LifeandNon-life).................................. 33
Table25. Ratioofreinsuranceaccepted(Life).............................................. 34
Table26. Ratioofreinsuranceaccepted(Non-life).......................................... 35
Table27. Marketshareofforeigncompaniesinthedomesticmarket(Life).................... 36
Table28. Marketshareofforeignundertakingsintotaldomesticbusiness(Life) ............... 37
Table29. Marketshareofforeigncompaniesinthedomesticmarket(Non-life)................ 38
Table30. Marketshareofforeignundertakingsintotaldomesticbusiness(Non-life) ........... 39
PartII. Countrytables
Australia ................................................................................ 42
Austria.................................................................................. 45
Belgium ................................................................................. 49
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TABLEOFCONTENTS
Canada.................................................................................. 53
Chile.................................................................................... 57
CzechRepublic ........................................................................... 60
Denmark ................................................................................ 63
Estonia.................................................................................. 67
Finland.................................................................................. 70
France................................................................................... 73
Germany ................................................................................ 77
Greece .................................................................................. 80
Hungary................................................................................. 84
Iceland.................................................................................. 88
Ireland .................................................................................. 91
Israel.................................................................................... 94
Italy..................................................................................... 98
Japan.................................................................................... 102
Korea ................................................................................... 105
Latvia ................................................................................... 108
Luxembourg ............................................................................. 111
Mexico .................................................................................. 115
Netherlands.............................................................................. 119
NewZealand............................................................................. 122
Norway.................................................................................. 126
Poland .................................................................................. 129
Portugal ................................................................................. 132
SlovakRepublic........................................................................... 136
Slovenia................................................................................. 140
Spain ................................................................................... 144
Sweden.................................................................................. 148
Switzerland.............................................................................. 151
Turkey................................................................................... 154
UnitedKingdom.......................................................................... 158
UnitedStates............................................................................. 162
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CONVENTIONALSIGNSANDABBREVIATIONS
Conventional signs and abbreviations
Signs and abbreviations
c Confidential.
.. Notavailable.
. Decimalpoint.
| Breakinseries.
ISO country codes and abbreviations for currency
ISOcode Currency Abbreviation
Australia AUS dollar AUD
Austria AUT euro EUR
Belgium BEL euro EUR
Canada CAN dollar CAD
Chile CHL peso CLP
CzechRepublic CZE koruna CZK
Denmark DNK krone DKK
Estonia EST euro EUR
Finland FIN euro EUR
France FRA euro EUR
Germany DEU euro EUR
Greece GRC euro EUR
Hungary HUN forint HUF
Iceland ISL króna ISK
Ireland IRL euro EUR
Israel ISR sheqel ILS
Italy ITA euro EUR
Japan JPN yen JPY
Korea KOR won KRW
Latvia LVA euro EUR
Luxembourg LUX euro EUR
Mexico MEX peso MXN
Netherlands NLD euro EUR
NewZealand NZL dollar NZD
Norway NOR krone NOK
Poland POL zloty PLN
Portugal PRT euro EUR
SlovakRepublic SVK euro EUR
Slovenia SVN euro EUR
Spain ESP euro EUR
Sweden SWE krona SEK
Switzerland CHE franc CHF
Turkey TUR lira TRY
UnitedKingdom GBR pound GBP
UnitedStates USA dollar USD
OECDINSURANCESTATISTICS2017–©OECD2018
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COMMONDEFINITIONSANDNOTES
Common definitions and notes
Notes on data sources
Allthedatainthestatisticaltablesofeachcountryhavebeenreportedbytherelevant
national insurance authorities. Regarding comparative tables of indicators, the data are
mainly drawn from the tables by country. The economic data on exchange rates,
populationandGDParetakenfromtheOECDpublicationMainEconomicIndicators.
Toachievegreaterclarity,thenumberofvariablesselectedanddisplayedinthispublicationhas
beenlimited.DatahavebeenextractedfromtheGlobalInsuranceStatisticsDatabase.The
completedatabasecanbeaccessedonlineatthefollowinglink:
OECD Insurance Statistics,http://dx.doi.org/10.1787/ins-data-en.
A significant effort has been made to achieve comparability among countries.
Definitions,classifications,calculationmethods,andunitshavebeenstandardisedasfar
aspossible.
General notes
a)Life and non life categories follow the definitions used in national law. However, the
premiumsforaccidentandsicknessinsuranceunderwrittenbylifecompaniesshould
beincludedinnonlifefigures.
b)Upuntil2008,theinsurancebusinessisbrokendownbetweenlifeandnon-lifebusiness.
Asof2009,theinsurancebusinessisbrokendownbetweenthebusinessofpurelife,pure
non-life and composite undertakings and composite undertakings' business is further
broken down between life and non-life business. Some countries do not allow for
insurance undertakings to be active in both life and non-life insurance business and
therefore composite insurance undertakings do not exist in these countries. In other
countries (e.g., Austria, Belgium, Hungary, Italy, Mexico, Portugal, Spain) however, the
shareofemploymentincompositeinsuranceundertakingsaccountsformorethanhalf
ofthewholedomesticinsurancesector.Therefore,tohavecomparabledataacrossyears
forlifebusinessdata(respectivelynon-life),onehastosumupthelife(respectivelynon-
life) business of pure life (respectively non-life) undertakings and the life (respectively
non-life)businessofcompositeundertakingsasof2009.
c)Figures provided for the number of companies and for insurance premiums should
include all insurance companies licensed or authorised in the reporting country,
includingprofessionalreinsurers,whetherornotthesearecontrolled,butexcludingany
statutorysystemofsocialsecurityadministeredbytheState.
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COMMONDEFINITIONSANDNOTES
d)Domestic companies means those companies incorporated under national law, together
withthosecompaniesinthereportingcountrywhichareunincorporated,butexcluding
thebranchesandagenciesofforeigncompanies.
e)Foreign controlled companies means those domestic companies controlled by foreign
interests, such“control” being defined according to national law (see the definition of
foreigncontrolledcompaniesinnotesbycountry).Thedataofforeigncontrolledcompanies
arepartofthoseofDomesticcompanies.
f)Foreigncompaniesmeanscompaniesincorporatedoutsidethereportingcountry.
International comparisons
Detailedmetadataat:http://metalinks.oecd.org/ins/20180621/57fd.
Country tables
In this part, the main insurance statistics are presented through separate tables for
each OECD member country. Figures refer to the calendar year.The premiums and other
amountsaredescribedinmillionsofthenationalcurrencyunit.
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