Global motor insurance market: premiums written by country

October 31, 2024
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In millions USD

Country2023 motor insurance premiums% of non-life business
in 2023
% of life and non-life
business in 2023
2023 non-life premiums2023 life and non-life premiums
United States1 308 00052%41%2 511 8263 226 684
China198 80060%27%333 264723 664
Japan42 90050%12%85 521362 719
Germany38 00025%15%152 139245 464
France28 91526%10%112 702282 800
United Kingdom18 70014%5%137 995374 936
Spain13 20030%16%43 50983 442
India9 8922 8%7%35 773135 958
Russia7 00049%31%14 14422 310
Turkey6 73547%42%14 31916 223
Belgium4 70023%12%20 79639 222
Saudi Arabia3 80823%22%16 76117 445
South Africa3 40040%8%8 52043 354
Morocco1 42847%25%3 0665 641
United Arab Emirates1 40011%10%12 74314 568
Lebanon80033%20%2 4004 000
Algeria48846%41%1 0701 202
Egypt40031%16%1 3052 550
Kuwait39121%19%1 8312 053
Kenya34929%15%1 2112 287
JordanND40% (1)33% (1)8541 049
Oman28822%20%1 2901 465
Bahrain20630%27%692771
Ghana15243%23%353673
Angola4311%9%401460
TanzaniaND32% (1)25% (1)385489
Cameroon ND34% (1)22% (1)271413
Burkina Faso ND39% (1)22% (1)130233
MauritiusND31% (1)16% (1)314595
Total countries1 689 99648%30%3 515 5845 612 669
Rest of the market230 00429%15%781 5921 573 505
Total world1 920 00045%27%4 297 1767 186 174

(1) 2022 data
Sources: Statista, Swiss Re and Atlas Magazine

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