NU Online News Service, Sept. 13, 1:21 p.m. EDT

With global gross written premium for the property and casualty insurance industry standing at $1.15 trillion, the United States still ranks number one in gross written premium, but expansion of the marketplace remains a challenge for insurers, according to Aon Benfield.

In its 6th annual Insurance Risk Study, the reinsurance broker ranks the top 50 global markets by gross written premium, and finds that the U.S. leads the way with $456 billion in P&C GWP, which translates into slightly more than 3 percent insurance penetration (defined as the ratio of premium to GDP).

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Commercial Lines
E&S/Specialty
Personal Lines
Reinsurance
Workers' Comp