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28 September 2010

CEA publishes key statistical data on European insurance sector

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The figures do not include the small insurance associations under regional “Land” supervision in Germany, the 45 mutual insurers (“Mutuelles 45”) in France, the Belgian mutuals and the companies under regional supervision in Spain.

·         Life insurers paid out around €530bn in benefits to insure in 2009, providing them with capital, annuities, pension revenue and death benefits.
·         Non-life insurers paid out almost €300bn in claims to insurers in 2009, of which about €100bn was for motor insurance, almost €80bn for health insurance and around €60bn for property insurance claims.
·         Private health insurers accounted for around 12% of all current health expenditure in the European Union in 2008.
·         European insurers invested more than €6 800bn in the global economy in 2009. This is equal to 53% of the GDP of the European Union.
·         The European insurance industry employs more than 1 million people directly.

© CEA - Comité Européen des Assurances

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