20 December 2019

Top 20 EEA insurers by gross written premiums 2018

Germany's Allianz Group has maintained its position as the number one insurer by gross written premiums, according to InsuranceERM's data arm, Insurance Risk Data.

Top 20 EEA insurance groups, according to Total Gross Written Premiums (€ '000), 2018

 Gross written premiums 2018 (€ 000)  Ranking
Allianz SE Group  129,925,497 1
AXA Group 96,369,255
Generali Group 71,090,781 3
Legal & General Group plc 65,191,676 4
Prudential plc 53,986,105 5
Munich Re Group 49,393,000
Aviva plc 43,958,962
Lloyd's of London 41,280,481
Talanx (HDI Group) 33,880,361
Credit Agricole Assurances Group 33,760,926 10 
CNP Assurances Group 33,496,993 11 
Blackrock Life Ltd 26,119,870 12
BNP Paribas Cardif Group 23,947,841 13 
MAPFRE S.A. 22,537,100 14 
Aegon N.V.. 22,142,687 15 
Intesa Sanpaolo Vita Group 19,783,338 16 
Achmea BV 19,515,440 17 
Covea SGAM 17,011,044 18 
Poste Vita Insurance Group 16,797,071 19 
R+V Group 16,247,108 20
     

Methodology

The total gross written premiums were taken for all solos and all groups as the sum of their life direct gross written premiums, plus non-life direct gross written premiums, plus non-life gross proportional and non-proportional reinsurance accepted. All figures are standardised to euros, using the appropriate exchange rate on the last day of the reporting period for companies that report in currencies other then euros. For 2018, total premiums were calculated for 2,362 group and solo insurance entities. Any solo entities whose parents were
higher on the list were stripped out. The top 20 were then ranked.

Source:Insurance Risk Data

 

Of the top 20 EEA insurance groups in 2018 by total gross written premiums, Allianz Group was first with €129.9bn ($144.3bn). This represented a 4% year-on-year rise compared with 2017.

France's Axa Group came second with €96.4bn of gross written premiums in 2018, up from €92bn in 2017. In third place was Italy's Generali Group with premiums of €71bn, flat compared with the previous year.

Insurance Risk Data

Insurers' solvency and financial condition reports, and associated data, are available to users of Insurance Risk Data, a database from Field Gibson Media, InsuranceERM's publisher.

The database combines European insurers' financial and regulatory filings, including the Solvency II SFCR disclosures, into a single, comprehensive and user-friendly database. It is ideal for market/peer/prospect analysis, research and benchmarking.

To find out more about Insurance Risk Data, please email [email protected]