Measuring the value of gross written premiums from the largest insurance groups of each of Europe's countries is a good indication of the total size of the countries’ insurance industries. In 2019, Credit Agricole, who was the largest insurer in France had premiums written of approximately **** billion euros respectively. France is in the top three largest insurance markets in Europe.
Gross written premiums
Gross written premiums are used as an accounting term by insurers to display the total amount owed by clients and customers in exchange for the coverage offered by insurance companies. Written premiums can be accounted in gross and net premiums. Gross premiums written does not factor in any deductions made via expenses, for example fees to agents or salaries. In terms of total insurance premiums made (gross) in Europe, 2018 was the best year on record.
Key players
Europe is home to some of the world's largest insurers. The French insurer AXA operates across ** countries to over one hundred million customers and holds assets of over *** billion euros. Allianz of Germany has over *** thousand employees and operates across ** countries worldwide.
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Insurance Europe. (August 5, 2022). Largest insurance group for select European countries in 2019, by gross written premiums (in million euros) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved August 04, 2026, from /statistics/1091819/largest-insurance-companies-in-europe-by-country/
Insurance Europe. "Largest insurance group for select European countries in 2019, by gross written premiums (in million euros)." Chart. August 5, 2022. ÌÇÐÄÆƽâ°æ. Accessed August 04, 2026. /statistics/1091819/largest-insurance-companies-in-europe-by-country/
Insurance Europe. (2022). Largest insurance group for select European countries in 2019, by gross written premiums (in million euros). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: August 04, 2026. /statistics/1091819/largest-insurance-companies-in-europe-by-country/
Insurance Europe. "Largest Insurance Group for Select European Countries in 2019, by Gross Written Premiums (in Million Euros)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 5 Aug 2022, /statistics/1091819/largest-insurance-companies-in-europe-by-country/
Insurance Europe, Largest insurance group for select European countries in 2019, by gross written premiums (in million euros) ÌÇÐÄÆƽâ°æ, /statistics/1091819/largest-insurance-companies-in-europe-by-country/ (last visited August 04, 2026)
Largest insurance group for select European countries in 2019, by gross written premiums (in million euros) [Graph], Insurance Europe, August 5, 2022. [Online]. Available: /statistics/1091819/largest-insurance-companies-in-europe-by-country/
