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Written premiums account for the amount that customers pay insurance companies for the coverage provided and are, therefore, the main source of revenue for the sector. The insurance penetration rate shows how the sector relates to the economy of the country and is calculated as the ratio of insurance premiums written to the GDP of the country.

Insurance penetration in Europe

Among all European countries in 2024, the insurance sector was most developed in Luxembourg, with a penetration rate of ** percent. The United Kingdom and Sweden completed the top three with approximately **** and **** percent penetration, respectively. In total, ** countries in Europe had an insurance penetration rate of **** percent or higher 

Insurance companies on the European market

As of March 2026, the largest life and health insurance company in Europe by market capitalization was headquartered in Germany. Nevertheless, France was the country with the largest volume of domestic insurance companies in Europe. More in-depth information on the topic can be found in the ÌÇÐÄÆƽâ°æ dossier on the European insurance market.