AMICE and ICMIF have today published the European Mutual Market Share 2023 report.

A comprehensive statistical study, the European Mutual Market Share 2023 report documents the size and the market share of mutual and cooperative insurance in Europe. The report shows that Europe’s mutual and cooperative insurers have seen a steady growth in business in recent years, and in 2022 experienced a growth in premium volume of 1.5% (in euro terms) from the previous year. This marked the second successive year of premium growth for the region following a 9.1% contraction in 2020 and comprises a 4.9% growth in non-life business and a 1.1% contraction in life business.

KEY FIGURES & FINDINGS

• EUR 509 billion in premium income;
• 33.0% share of the European insurance market;
• EUR 3.67 trillion in total assets;
• Over 487,000 people employed;
• Approximately 507 million members/policyholders served.
• Statistical data was sourced and analysed for this report by ICMIF.

Read the press release.
Read the full report.