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Insurance in the US
According to Swiss Re Sigma report, United States held 27.13% of the world insurance market share in 2013, the third largest contributor besides Europe and Asia. In 2013, the total premiums written in the US is USD$1,259 billion, a decrease of USD$14 billion or 1.10% compares to USD$1,273 billion total premiums written in 2012.
Life insurance premiums written stood at USD$533 billion in 2013, a decrease of USD$36 billion or 6.33% compares to USD$569 billion in 2012.
Whereas non-life insurance premiums written stood at USD$726 billion in 2013, an increase of USD$22 billion or 3.13% compares to USD$704 billion in 2012.
On a per capita basis, an average of USD$3,979 was spent on insurance in the US(insurance density). Whereas insurance penetration(a commonly recognised indicator of insurance activity) in the US is 7.5%(total gross written premiums as a percentage of GDP).

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Historical US Insurance Statistics

According to Swiss Re Sigma report, United States held 27.38% of the world insurance market share in 2012, the third largest contributor behind Europe and Asia. In 2012, the total direct premiums written in the US is USD$1,272 billion, an increase of USD$51 billion or 4.18% compares to USD$1,221 billion total premiums written in 2011.
Life insurance premiums written stood at USD$569 billion in 2012, an increase of USD$25 billion or 4.60% compares to USD$544 billion in 2011.
Whereas non-life insurance premiums written stood at USD$703 billion in 2013, an increase of USD$25 billion or 3.69% compares to USD$678 billion in 2011.
On a per capita basis, an average of USD$4,052 was spent on insurance in the US(insurance density). Whereas insurance penetration(a commonly recognised indicator of insurance activity) in the US is 7.83%(total gross written premiums as a percentage of GDP).

Net insurance premiums written

According to SNL Financial LC, the U.S. insurance industry’s net premiums written totaled USD$1,064 billion in 2013, a decreased of USD$42 billion or 3.80% compares to USD$1,106 billion in 2012. Life/health (L/H) insurance consists primarily of annuities and life insurance, accounted for 55% of premiums written, totaled USD$583 billion in 2013, a decreased of USD$62 billion or 9.61% compares to USD$645 billion in 2012. Property/casualty (P/C) insurance primarily of auto, home and commercial insurance; accounted for 45% of premiums written, totaled USD$481 billion in 2013, an increased of USD$20 billion or 4.34% compares to USD$461 billion in 2012.
As per National Association of Insurance Commissioners (NAIC), there were 6,086 insurance companies in 2013 in the US, including P/C (2,623 companies), life/annuities (904), health (835), fraternal (87), title (58), risk retention groups (256) and other companies (1,323).
The U.S. insurance industry employed 2.3794 million people in 2014, compares to 2.3681 million in 2012. Out of these, 1.4362 million works for insurance companies(812,100 for life, health and medical insurers; 597,100 for P/C; 27,000 for reinsurers) and 943,200 works for insurance agencies, brokers and other insurance-related enterprises(664,400 for insurance agencies and brokers; 278,800 for other insurance-related enterprises).
Total cash and invested assets for P/C companies in 2013 stood at USD$$1.5 trillion in 2013. While L/H companies total cash and invested assets stood at USD$$3.5 trillion in 2013. The majority of these assets were in bonds (63 percent of P/C assets and 75 percent of L/H assets). Insurance carriers and related activities accounted for $413.1 billion, or 2.5 percent of U.S. gross domestic product in 2012, according to the U.S. Bureau of Economic Affairs.
P/C and L/H insurance companies paid $17.4 billion in premium taxes in 2013, or $55 for every person living in the United States, according to the U.S. Department of Commerce. P/C insurers paid out $12.9 billion in property losses related to catastrophes in 2013, compared with $35.0 billion in 2012, according to ISO. There were 28 catastrophes in 2013, compared with 26 in 2012.

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