Insurance business written by class of insurance — Gross written in Iceland
Iceland: Insurance business written by class of insurance — Gross written was 63.28 Euro in 2024. ▲ Rising
Insurance business written by class of insurance — Gross written in Iceland, 1987–2024
Source: Organisation for Economic Co-operation and Development. Measured in Euro.
Analysis
In 2024, insurance business written by class of insurance — gross written in Iceland stood at 63.28 Euro. That is the highest value across all 35 years on record.
The figure is up 10.0% on the previous year and up 98.4% over ten years.
Over the whole period, insurance business written by class of insurance — gross written in Iceland peaked at 63.28 Euro in 2024 and was at its lowest, 12.11 Euro, in 1987.
That places Iceland 39th out of 44 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 35 years of available data.
Insurance business written by class of insurance — Gross written in Iceland, year by year
| Year | Euro | Change |
|---|---|---|
| 1987 | 12.11 Euro | — |
| 1988 | 13.48 Euro | +11.4% |
| 1989 | 13.51 Euro | +0.2% |
| 1990 | 14.93 Euro | +10.5% |
| 1991 | 17.43 Euro | +16.7% |
| 1992 | 19.98 Euro | +14.6% |
| 1993 | 18.88 Euro | -5.5% |
| 1994 | 19.44 Euro | +3.0% |
| 1995 | 18.66 Euro | -4.0% |
| 1996 | 18.04 Euro | -3.3% |
| 1997 | 19.69 Euro | +9.1% |
| 1998 | 21.09 Euro | +7.1% |
| 1999 | 22.14 Euro | +5.0% |
| 2000 | 25.8 Euro | +16.5% |
| 2001 | 21.05 Euro | -18.4% |
| 2003 | 27.91 Euro | +32.6% |
| 2004 | 36.39 Euro | +30.4% |
| 2005 | 34.28 Euro | -5.8% |
| 2006 | 35.75 Euro | +4.3% |
| 2008 | 32.02 Euro | -10.4% |
| 2009 | 27.3 Euro | -14.7% |
| 2010 | 30.93 Euro | +13.3% |
| 2011 | 32.95 Euro | +6.5% |
| 2012 | 31.78 Euro | -3.5% |
| 2013 | 31.44 Euro | -1.1% |
| 2014 | 31.89 Euro | +1.4% |
| 2015 | 38.57 Euro | +21.0% |
| 2016 | 44.57 Euro | +15.5% |
| 2017 | 53.93 Euro | +21.0% |
| 2018 | 55.46 Euro | +2.8% |
| 2019 | 54.69 Euro | -1.4% |
| 2020 | 48.53 Euro | -11.3% |
| 2021 | 49.94 Euro | +2.9% |
| 2022 | 57.55 Euro | +15.2% |
| 2024 | 63.28 Euro | +10.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 13.03 Euro | 12.11 Euro | 13.51 Euro | 3 |
| 1990s | 19.03 Euro | 14.93 Euro | 22.14 Euro | 10 |
| 2000s | 30.06 Euro | 21.05 Euro | 36.39 Euro | 8 |
| 2010s | 40.62 Euro | 30.93 Euro | 55.46 Euro | 10 |
| 2020s | 54.83 Euro | 48.53 Euro | 63.28 Euro | 4 |
Countries ranked near Iceland
More economy & growth data for Iceland
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.96 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.48 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -851.71 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0221 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -2,170 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -201.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -107.12 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0052 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -514.02 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is insurance business written by class of insurance — gross written in Iceland?
- Insurance business written by class of insurance — gross written in Iceland was 63.28 Euro in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest insurance business written by class of insurance — gross written recorded in Iceland?
- The highest recorded value was 63.28 Euro in 2024.
- What is the lowest insurance business written by class of insurance — gross written recorded in Iceland?
- The lowest recorded value was 12.11 Euro in 1987.
- How does Iceland rank for insurance business written by class of insurance — gross written?
- Iceland ranks 39th out of 44 countries with data for 2024.
- Is insurance business written by class of insurance — gross written rising or falling in Iceland?
- Over the last ten years it is up 98.4%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Insurance business written by class of insurance — Gross written premiums. Statizoid updates them automatically from the source API.
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About this data
This dataset covers the breakdown of premiums by insurance class for life and non-life insurance.