Non-Life Insurance in Europe - Market Summary, Competitive Analysis and Forecast to 2025

Non-Life Insurance in Europe industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

The non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others. The value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer’s premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer.
The European non-life insurance market had total gross written premiums of $664.2bn in 2020, representing a compound annual growth rate (CAGR) of 3.6% between 2016 and 2020.
The motor segment was the market's most lucrative in 2020, with total gross written premiums of $239.3bn, equivalent to 36% of the market's overall value.
The COVID-19 pandemic, which first took hold in Europe in early 2020, has had a significant impact on the non-life insurance market. Cuts to interest rates have hampered insurance companies’ profits, and there has been a reduction in demand for certain types of insurance, such as motor and travel, amid pandemic-mandated nationwide lockdown restrictions.

Scope

Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in Europe
Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Europe
Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
Add weight to presentations and pitches by understanding the future growth prospects of the Europe non-life insurance market with five year forecasts

Reasons to Buy

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Frequently Asked Questions about the Non-Life Insurance Market in Europe

What is the estimated value of the Non-Life Insurance Market in Europe?

The Non-Life Insurance Market in Europe was estimated to be valued at $664.21 Billion in 2020.

What is the growth rate of the Non-Life Insurance Market in Europe?

The growth rate of the Non-Life Insurance Market in Europe is 3.4%, with an estimated value of $784.94 Billion by 2025.

What is the forecasted size of the Non-Life Insurance Market in Europe?

The Non-Life Insurance Market in Europe is estimated to be worth $784.94 Billion by 2025.

Who are the key companies in the Non-Life Insurance Market in Europe?

Key companies in the Non-Life Insurance Market in Europe include Allianz SE, AXA SA, Zurich Insurance Group Ltd and Talanx AG.

Report Attribute	Details
No. of Pages	50
Published	November 2021
Forecast Period	2020 - 2025
Estimated Market Value ( USD ) in 2020	$ 664.21 Billion
Forecasted Market Value ( USD ) by 2025	$ 784.94 Billion
Compound Annual Growth Rate	3.4%
Regions Covered	Europe

1 Executive Summary

1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive Landscape

2 Market Overview

2.1. Market definition
2.2. Market analysis

3 Market Data

3.1. Market value

4 Market Segmentation

4.1. Category segmentation
4.2. Geography segmentation

5 Market Outlook

5.1. Market value forecast

6 Five Forces Analysis

6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry

7 Competitive Landscape

7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do leading players follow?
7.4. What are the strengths of leading players?
7.5. What has been the rationale behind recent M&A activity?
7.6. How has the COVID - 19 outbreak impacted the market?

8 Company Profiles

8.1. Allianz SE
8.2. AXA SA
8.3. Zurich Insurance Group Ltd
8.4. Talanx AG

9 Macroeconomic Indicators

9.1. Country data

10 Appendix

10.1. Methodology
10.2. Industry associations
10.3. Related Research
10.4. About The Publisher

List of Tables

Table 1: Europe non-life insurance market value: $ billion, 2016 - 20
Table 2: Europe non-life insurance market category segmentation: $ billion, 2020
Table 3: Europe non-life insurance market geography segmentation: $ billion, 2020
Table 4: Europe non-life insurance market value forecast: $ billion, 2020 - 25
Table 5: Europe non-life insurance market share: % share, by value, 2020
Table 6: Allianz SE: key facts
Table 7: Allianz SE: Annual Financial Ratios
Table 8: Allianz SE: Key Employees
Table 9: Allianz SE: Key Employees Continued
Table 10: AXA SA: key facts
Table 11: AXA SA: Annual Financial Ratios
Table 12: AXA SA: Key Employees
Table 13: AXA SA: Key Employees Continued
Table 14: AXA SA: Key Employees Continued
Table 15: Zurich Insurance Group Ltd: key facts
Table 16: Zurich Insurance Group Ltd: Annual Financial Ratios
Table 17: Zurich Insurance Group Ltd: Key Employees
Table 18: Zurich Insurance Group Ltd: Key Employees Continued
Table 19: Talanx AG: key facts
Table 20: Talanx AG: Annual Financial Ratios
Table 21: Talanx AG: Key Employees
Table 22: Europe size of population (million), 2016 - 20
Table 23: Europe gdp (constant 2005 prices, $ billion), 2016 - 20
Table 24: Europe gdp (current prices, $ billion), 2016 - 20
Table 25: Europe inflation, 2016 - 20
Table 26: Europe consumer price index (absolute), 2016 - 20
Table 27: Europe exchange rate, 2016 - 20

List of Figures

Figure 1: Europe non-life insurance market value: $ billion, 2016 - 20
Figure 2: Europe non-life insurance market category segmentation: % share, by value, 2020
Figure 3: Europe non-life insurance market geography segmentation: % share, by value, 2020
Figure 4: Europe non-life insurance market value forecast: $ billion, 2020 - 25
Figure 5: Forces driving competition in the non-life insurance market in Europe, 2020
Figure 6: Drivers of buyer power in the non-life insurance market in Europe, 2020
Figure 7: Drivers of supplier power in the non-life insurance market in Europe, 2020
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Europe, 2020
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Europe, 2020
Figure 10: Drivers of degree of rivalry in the non-life insurance market in Europe, 2020
Figure 11: Europe non-life insurance market share: % share, by value, 2020