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Insurance Industry Overview
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Amount
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Units
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Year
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Source
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Global Insurance Industry
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Total Gross Insurance Premiums
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4.339
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Tril. US$
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2010
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SwissRe
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Global Premiums as % of Global GDP
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6.89
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Percent
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2010
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SwissRe
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Industrialized Countries
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8.65
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Percent
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2010
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SwissRe
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Emerging Markets
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2.99
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Percent
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2010
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SwissRe
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Global Life Insurance Premiums
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2.520
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Tril. US$
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2010
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SwissRe
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Global Non-Life Insurance Premiums
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1.819
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Tril. US$
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2010
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SwissRe
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Total Direct Premium Growth, Worldwide
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2.7
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Percent
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2010
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SwissRe
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Growth in Life Insurance Premiums
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3.2
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Percent
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2010
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SwissRe
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Growth in Non-Life Insurance Premiums
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2.1
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Percent
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2010
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SwissRe
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Total Insurance Growth in Emerging Markets
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11.0
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Percent
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2010
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SwissRe
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U.S. Insurance Industry
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Life Insurance Direct Premiums Written
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158.1
|
Bil. US$
|
2010
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NAIC
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Annuities Direct Premiums Written
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299.3
|
Bil. US$
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2010
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SNL
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Total Financial Assets of Life Insurance Companies
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5,276.4
|
Bil. US$
|
Q1 2011
|
Fed
|
|
Property/Casualty Direct Premiums Written
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448.7
|
Bil. US$
|
2010
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SNL
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Total Financial Assets of Property/Casualty Insurers
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1,427.4
|
Bil. US$
|
Q1 2011
|
Fed
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Health Insurance Direct Premiums Written
|
387.8
|
Bil. US$
|
2010
|
NAIC
|
|
Health Insurance Coverage & the Uninsured
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|
People with Health Insurance Coverage
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256.2
|
Million
|
2010
|
Census
|
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People without Health Insurance for the Entire Year
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49.9
|
Million
|
2010
|
Census
|
|
As Percent of Total Population
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16.3
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Percent
|
2010
|
Census
|
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Total Number of Medicare Beneficiaries
|
47.7
|
Million
|
2011
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Kaiser
|
|
Total Number of Medicare Advantage Enrollees
|
11.5
|
Million
|
2011
|
Kaiser
|
|
Total Number of Medicaid Enrollees
|
52.9
|
Million
|
2010
|
CMS
|
|
Federal Spending on Medicare
|
446.6
|
Bil. US$
|
2010
|
HHS
|
|
Federal Spending on Medicaid
|
280.6
|
Bil. US$
|
2010
|
USOMB
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|
Employment in the Insurance Industry (As of August; Preliminary Estimates; Not Seasonally Adjusted)
|
|
Total
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2.238
|
Million
|
2010
|
BLS
|
|
Direct Life Insurance Carriers
|
375.8
|
Thousand
|
2010
|
BLS
|
|
Direct Health & Medical Insurance Carriers
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431.5
|
Thousand
|
2010
|
BLS
|
|
Direct Property & Casualty Insurers
|
465.3
|
Thousand
|
2010
|
BLS
|
|
Reinsurance Carriers
|
27.1
|
Thousand
|
2010
|
BLS
|
|
Insurance Agencies & Brokerages
|
638.3
|
Thousand
|
2010
|
BLS
|
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SwissRe = Swiss Reinsurance Company, Ltd.; SNL = SNL Financial; Fed = Board of Governors of the Federal Reserve System; NAIC = National Association of Insurance Commissioners; Census = U.S. Census Bureau; Kaiser = Kaiser Family Foundation; USOMB = U.S. Office of Management & Budget; BLS = U.S. Bureau of Labor Statistics; CMS = Centers for Medicare & Medicaid Services; U.S. Dept. of Health & Human Services.
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Source: Plunkett Research, Ltd. Copyright © 2011, All Rights Reserved
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www.plunkettresearch.com
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