Insurance Industry Overview

Global Insurance Industry




Amount


Units


Year


Source

Total Gross Insurance Premiums


4.061


Tril. US$


2007


SwissRe

Global Premiums as % of Global GDP


7.48


Percent


2007


IMF

Global Life Insurance Premiums


2.393


Tril. US$


2007


SwissRe

Global Non-Life Insurance Premiums


1.668


Tril. US$


2007


SwissRe

Total Direct Premium Growth, 2007-2007


3.3


Percent


2007


SwissRe

Growth in Life Insurance Premiums


5.4


Percent


2007


SwissRe

Growth in Non-Life Insurance Premiums


0.7


Percent


2007


SwissRe

US Insurance Industry

Net Premiums Written by Line of Life Insurance

Life


184.2


Bil. US$


2007


NAIC

Annuity


327.6


Bil. US$


2007


NAIC

Accident and Health


154.8


Bil. US$


2007


NAIC

Total Financial Assets of Life Insurance Companies


4,950.3


Bil. US$


2007


Fed

Net Premiums Written by Line of Property/Casualty Insurance

Private Passenger Auto


159.7


Bil. US$


2007


NAIC

Commercial Auto


25.7


Bil. US$


2007


NAIC

Homeowners Multiple Peril


57.1


Bil. US$


2007


NAIC

Commerical Multiple Peril


31.3


Bil. US$


2007


NAIC

Workers Compensation


40.9


Bil. US$


2007


NAIC

Reinsurance


11.6


Bil. US$


2007


NAIC

Total Property/Casualty Premiums Written (After Reinsurance Transactions, Excludes State Funds)


447.9


Bil. US$


2007


NAIC

Total Financial Assets of Property/Casualty Insurers


1,373.6


Bil. US$


2007


Fed

Specialty Insurance (Net Premiums Written)

Title Insurance


15.61


Bil. US$


2007


ATLA

Surety Bonds (Direct Premiums Written)


5.45


Bil. US$


2007


NAIC

Financial Guarantee Insurance (Direct Premiums Written)


3.56


Bil. US$


2007


NAIC

Mortgage Guaranty Insurance


4.18


Bil. US$


2007


MICA

Total Credit Insurance Premiums


1.77


Bil. US$


2007


NAIC

Health Insurance Coverage and the Uninsured

People with Health Insurance Coverage


259


Million


Oct. 2008


PRE

People without Health Insurance for the Entire Year


46,657


Million


2007


CMS

As Percent of Total Population


15.3


Percent


2007


CMS

Total Number of Medicare Enrollees


43.7


Million


2007


CMS

Total Number of Medicare Advantage Enrollees


9.8


Million


Sep. 2008


CMS

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

Total


2,310.6


Thousand


2008


BLS

Direct Life & Health Insurance Carriers


802.2


Thousand


2008


BLS

Direct Health & Medical Insurance Carriers


440.8


Thousand


2008


BLS

Direct Property & Casualty Insurers


495.0


Thousand


2008


BLS

Reinsurance Carriers


31.8


Thousand


2008


BLS

Insurance Agencies & Brokerages


677.9


Thousand


2008


BLS

IMF = International Monetary Fund; NAIC = National Association of Insurance Commissioners; Fed = Board of Governors of the Federal Reserve System; ALTA = American Land Title Association; MICA = Mortgage Insurance Companies of America; PRE = Plunkett Research estimate; CMS = Centers for Medicare & Medicaid Services; BLS = U.S. Bureau of Labor Statistics.


Source: Plunkett Research, Ltd.

Plunkett's Insurance Industry Almanac 2009, Copyright ©, 2008, All Rights Reserved

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