Preliminary 2021 European insurance figures show that economies reopening after COVID-19 led to rebounds in insurance premiums. Premiums grew beyond pre-pandemic levels in most of the 27 markets included in a new report by Insurance Europe, “European insurance: Preliminary figures 2021”.
The largest increases were in life insurance, but many markets also booked growth in health and in property and casualty premiums.
The gradual return to normal brought with it higher claims in some countries, although not everywhere and not in all lines of business; health and property claims generally increased, while the figures for life benefits paid and motor claims were more mixed.
Final 2020 figures from all Insurance Europe’s member associations will be published as soon as they are available.