Insurance business written by class of insurance — Net written in Iceland
Iceland: Insurance business written by class of insurance — Net written was 62.17 Euro in 2024. ◆ Volatile
Insurance business written by class of insurance — Net written in Iceland, 1987–2024
Source: Organisation for Economic Co-operation and Development. Measured in Euro.
Analysis
Iceland recorded 62.17 Euro for insurance business written by class of insurance — net written in 2024. That is the highest value across all 35 years on record.
Compared with earlier readings it is up 10.1% on the previous year and up 101.3% over ten years.
Over the whole period, insurance business written by class of insurance — net written in Iceland peaked at 62.17 Euro in 2024 and was at its lowest, 6.46 Euro, in 1987.
That places Iceland 34th out of 40 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance business written by class of insurance — Net written in Iceland, year by year
| Year | Euro | Change |
|---|---|---|
| 1987 | 6.46 Euro | — |
| 1988 | 6.9 Euro | +6.8% |
| 1989 | 7.81 Euro | +13.2% |
| 1990 | 8.72 Euro | +11.7% |
| 1991 | 10.51 Euro | +20.6% |
| 1992 | 12.4 Euro | +17.9% |
| 1993 | 11.65 Euro | -6.0% |
| 1994 | 11.8 Euro | +1.3% |
| 1995 | 11.67 Euro | -1.1% |
| 1996 | 11.76 Euro | +0.7% |
| 1997 | 12.54 Euro | +6.7% |
| 1998 | 13.5 Euro | +7.7% |
| 1999 | 15.67 Euro | +16.1% |
| 2000 | 18.28 Euro | +16.6% |
| 2001 | 17.58 Euro | -3.8% |
| 2003 | 23.17 Euro | +31.8% |
| 2004 | 28.32 Euro | +22.3% |
| 2005 | 28.05 Euro | -1.0% |
| 2006 | 31 Euro | +10.5% |
| 2008 | 29.97 Euro | -3.3% |
| 2009 | 25.8 Euro | -13.9% |
| 2010 | 29.3 Euro | +13.6% |
| 2011 | 32.16 Euro | +9.7% |
| 2012 | 30.82 Euro | -4.1% |
| 2013 | 30.66 Euro | -0.5% |
| 2014 | 30.89 Euro | +0.7% |
| 2015 | 37.72 Euro | +22.1% |
| 2016 | 43.47 Euro | +15.3% |
| 2017 | 52.87 Euro | +21.6% |
| 2018 | 54.49 Euro | +3.1% |
| 2019 | 53.52 Euro | -1.8% |
| 2020 | 47.73 Euro | -10.8% |
| 2021 | 48.81 Euro | +2.3% |
| 2022 | 56.48 Euro | +15.7% |
| 2024 | 62.17 Euro | +10.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 7.05 Euro | 6.46 Euro | 7.81 Euro | 3 |
| 1990s | 12.02 Euro | 8.72 Euro | 15.67 Euro | 10 |
| 2000s | 25.27 Euro | 17.58 Euro | 31 Euro | 8 |
| 2010s | 39.59 Euro | 29.3 Euro | 54.49 Euro | 10 |
| 2020s | 53.8 Euro | 47.73 Euro | 62.17 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)
- Total reserves minus gold (current US$), annual growth rate 19.51 % change on previous year (2025)
- Total reserves minus gold (current US$), per unit of GDP 0.1932 current US$ per US$ of GDP (2025)
- Total reserves minus gold (current US$), per capita 18,994 current US$ per person (2025)
- General government final consumption expenditure (current US$) 16.88 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 0.2606 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (current US$), per 25,628 current US$ per person (2025)
- General government final consumption expenditure (current LCU) 8.82 % change on previous year (2025)
- General government final consumption expenditure (current LCU), per 33.48 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is insurance business written by class of insurance — net written in Iceland?
- Insurance business written by class of insurance — net written in Iceland was 62.17 Euro in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest insurance business written by class of insurance — net written recorded in Iceland?
- The highest recorded value was 62.17 Euro in 2024.
- What is the lowest insurance business written by class of insurance — net written recorded in Iceland?
- The lowest recorded value was 6.46 Euro in 1987.
- How does Iceland rank for insurance business written by class of insurance — net written?
- Iceland ranks 34th out of 40 countries with data for 2024.
- Is insurance business written by class of insurance — net written rising or falling in Iceland?
- Over the last ten years it is up 101.3%. The long-run trend across the full record is volatile.
- 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 — Net 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.