The United States is by far the largest insurance market globally. Alone, the United States made up over 57 percent of the entire insurance market in 2022. The six largest markets combined held a market share of 85 percent.
Market share of the total insurance market worldwide in 2022, by country
All other OECD countries account for less than one percent of the total market each.
No data provided by the source for Canada since 2018 when it accounted for 1.6 percent of the global insurance market.
The source added the following information "National insurance market share is defined as a country's national insurance market compared with the OECD insurance market total. It measures the importance of the national insurance market as an index using the OECD insurance market total as base; OECD=100".
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OECD. (February 21, 2024). Market share of the total insurance market worldwide in 2022, by country [Graph]. In Statista. Retrieved January 24, 2025, from https://www.statista.com/statistics/1045195/market-share-of-insurance-worldwide-by-country/?__sso_cookie_checker=failed
OECD. "Market share of the total insurance market worldwide in 2022, by country." Chart. February 21, 2024. Statista. Accessed January 24, 2025. https://www.statista.com/statistics/1045195/market-share-of-insurance-worldwide-by-country/?__sso_cookie_checker=failed
OECD. (2024). Market share of the total insurance market worldwide in 2022, by country. Statista. Statista Inc.. Accessed: January 24, 2025. https://www.statista.com/statistics/1045195/market-share-of-insurance-worldwide-by-country/?__sso_cookie_checker=failed
OECD. "Market Share of The Total Insurance Market Worldwide in 2022, by Country." Statista, Statista Inc., 21 Feb 2024, https://www.statista.com/statistics/1045195/market-share-of-insurance-worldwide-by-country/?__sso_cookie_checker=failed
OECD, Market share of the total insurance market worldwide in 2022, by country Statista, https://www.statista.com/statistics/1045195/market-share-of-insurance-worldwide-by-country/?__sso_cookie_checker=failed (last visited January 24, 2025)
Market share of the total insurance market worldwide in 2022, by country [Graph], OECD, February 21, 2024. [Online]. Available: https://www.statista.com/statistics/1045195/market-share-of-insurance-worldwide-by-country/?__sso_cookie_checker=failed
