Life market overview

• Author: European Insurance and Occupational Pensions Authority (EU body or agency)
• Pages: 5-8

2. LIFE MARKET OVERVIEW

For the majority of EEA countries (19) GWP increased in 2019. The Life market remains

largely dominated by the Index-linked and Unit-linked insurance & Insurance with prof‌it

participation lines of business.

Figure 1: Concentration per country

10 Undertakings 5 Undertakings 3 Undertakings

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

AT

BE

BG

CY

CZ

DE

DK

EE

ES

FI

FR

GR

HR

HU

IE

IS

IT

LI

LT

LU

LV

MT

NL

NO

PL

PT

RO

SE

SI

SK

UK

The concentration indica tor is ameasure of the market share of the national GW P that the 3, 5, and 10 b iggest premium

writers account for.

Figure 2: Aggregate GWP growth per country

Life GWP 2018 Life GWP 2019 Delta

-50%

-30%

-10%

10%

30%

50%

70%

90%

110%

130%

150%

-100

-60

-20

20

60

100

140

180

220

260

300

UK

FR

DE

IT

IE

ES

LU

DK

SE

BE

NL

NO

AT

PT

FI

PL

LI

MT

GR

CZ

HU

SK

SI

RO

HR

CY

EE

BG

LT

LV

IS

Billions

The aggregated GWP for b oth 2018 and 2019 are displayed pe r country (left axis). “D elta” displays the increase/

decrease in % GWP of this year compare d to last on the right axis.

-EE, IS, LT & LV all show a3

undertaking market concen tration

above 80%. This is are sult of the

small number of companies in thes e

countries.

-Overall, DE remains as th e least

concentrated country foll owed by

IT, IE & FR.

UK, FR, DE & IT continu e to be the

largest Life underwriters.

LV have the largest increase year on

year at 147%; with FI repor ting the

second largest increase at 3 8%.

LT have the largest decrease

at-24%.

SOLO UNDERTAKINGS  YEAREND 

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