USA: Non-life insurance premium volume
* indicates monthly or quarterly data series
USA |
Non-life insurance premium volume, percent of GDP |
---|---|
Latest value | 3.39 |
Year | 2020 |
Measure | percent |
Data availability | 1996 - 2020 |
Average | 3.26 |
Min - Max | 2.94 - 3.72 |
Source | Swiss Re |
The latest value from 2020 is 3.39 percent, an increase from 3.24 percent in 2019. In comparison, the world average is 1.37 percent, based on data from 96 countries. Historically, the average for the USA from 1996 to 2020 is 3.26 percent. The minimum value, 2.94 percent, was reached in 2000 while the maximum of 3.72 percent was recorded in 2003.
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Definition: Ratio of non-life insurance premium volume to GDP. Premium volume is the insurer's direct premiums earned (if Property/Casualty) or received (if Life/Health) during the previous calendar year. Premium data are taken from various issues of Sigma reports (Swiss Re). Data on GDP in US dollars is from the electronic version of the World Development Indicators.
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Non-life insurance premium volume | 3.39 | 2020 | percent |
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