A Glimpse into the World’s Biggest Insurance Markets

At $1.7 trillion, the United States by far has the world’s biggest insurance market by premiums. Japan, though still hefty, lags far behind at $655.4 billion. In breaking out the U.S. states individually, California ranks number 6 in the world.

Outside of the United States as a nation, see below for a list of the other top 28 countries or states with the world’s biggest insurance markets.  The list states the rank, the country or state, and the premium in measured in the billions of U.S. dollars, according to 2011 data from the National Association of Insurance Commissioners.

1. Japan $655.4

2. United Kingdom $319.5

3. France $273.1

4. Germany $245.1

5. People’s Republic of China $221.8

6. California $220.0

7. Italy $160.5

8. New York $133.8

9. South Korea $130.3

10. Canada $121.2

11. Netherlands$ 110.9

12. Florida $108.1

13. Texas $106.3

14. Pennsylvania$ 91.8

15. Australia $89.0

16. Spain $79.9

17. Taiwan$ 78.4

18. Brazil $78.2

19. India $72.6

20. Switzerland $63.5

28. Russia $43.3

Karen Joy Fletcher

Our blogger Karen Joy Fletcher is CHA’s Communications Director. With a Masters in Public Health from UC Berkeley, she is the online “public face” of the organization, provides technical expertise, writing and research on Medicare and other health care issues. She is responsible for digital content creation, management of CHA’s editorial calendar, and managing all aspects of CHA’s social media presence. She loves being a “communicator” and enjoys networking and collaborating with the passionate people and agencies in the health advocacy field. See her current articles.