Insurance business written by class of insurance — Premiums ceded in Iceland
Iceland: Insurance business written by class of insurance — Premiums ceded was 1.11 Euro in 2024. ◆ Volatile
Insurance business written by class of insurance — Premiums ceded 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 — premiums ceded in Iceland stood at 1.11 Euro.
The figure is up 3.6% on the previous year and up 11.1% over ten years.
Over the whole period, insurance business written by class of insurance — premiums ceded in Iceland peaked at 8.06 Euro in 2004 and was at its lowest, 0.782 Euro, in 2013.
That places Iceland 38th 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 — Premiums ceded in Iceland, year by year
| Year | Euro | Change |
|---|---|---|
| 1987 | 5.65 Euro | — |
| 1988 | 6.58 Euro | +16.6% |
| 1989 | 5.71 Euro | -13.3% |
| 1990 | 6.21 Euro | +8.8% |
| 1991 | 6.91 Euro | +11.3% |
| 1992 | 7.58 Euro | +9.6% |
| 1993 | 7.22 Euro | -4.7% |
| 1994 | 7.64 Euro | +5.7% |
| 1995 | 6.99 Euro | -8.4% |
| 1996 | 6.29 Euro | -10.1% |
| 1997 | 7.15 Euro | +13.7% |
| 1998 | 7.59 Euro | +6.2% |
| 1999 | 6.47 Euro | -14.7% |
| 2000 | 7.53 Euro | +16.4% |
| 2001 | 3.47 Euro | -53.9% |
| 2003 | 4.75 Euro | +36.6% |
| 2004 | 8.06 Euro | +69.9% |
| 2005 | 6.24 Euro | -22.6% |
| 2006 | 4.75 Euro | -24.0% |
| 2008 | 2.05 Euro | -56.8% |
| 2009 | 1.5 Euro | -26.9% |
| 2010 | 1.62 Euro | +8.4% |
| 2011 | 0.793 Euro | -51.2% |
| 2012 | 0.961 Euro | +21.2% |
| 2013 | 0.782 Euro | -18.6% |
| 2014 | 1 Euro | +28.4% |
| 2015 | 0.854 Euro | -14.9% |
| 2016 | 1.09 Euro | +28.2% |
| 2017 | 1.06 Euro | -3.2% |
| 2018 | 0.97 Euro | -8.5% |
| 2019 | 1.18 Euro | +21.2% |
| 2020 | 0.801 Euro | -31.9% |
| 2021 | 1.13 Euro | +41.2% |
| 2022 | 1.08 Euro | -4.9% |
| 2024 | 1.11 Euro | +3.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 5.98 Euro | 5.65 Euro | 6.58 Euro | 3 |
| 1990s | 7 Euro | 6.21 Euro | 7.64 Euro | 10 |
| 2000s | 4.79 Euro | 1.5 Euro | 8.06 Euro | 8 |
| 2010s | 1.03 Euro | 0.782 Euro | 1.62 Euro | 10 |
| 2020s | 1.03 Euro | 0.801 Euro | 1.13 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)
- Final consumption expenditure (constant 2015 US$), per capita 45,300 constant 2015 US$ per person (2025)
- Gross national expenditure (current US$), annual growth rate 17.4 % change on previous year (2025)
- Gross national expenditure (current US$), per unit of GDP 1.02 current US$ per US$ of GDP (2025)
- Gross national expenditure (current US$), per capita 100,546 current US$ per person (2025)
- Gross national expenditure (current LCU), annual growth rate 9.3 % change on previous year (2025)
- Gross national expenditure (current LCU), per unit of GDP 131.34 current LCU per US$ of GDP (2025)
- Gross national expenditure (current LCU), per capita 12.91 million current LCU per person (2025)
- Gross national expenditure (constant 2015 US$), annual growth rate 3.92 % change on previous year (2025)
Frequently asked questions
- What is insurance business written by class of insurance — premiums ceded in Iceland?
- Insurance business written by class of insurance — premiums ceded in Iceland was 1.11 Euro in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest insurance business written by class of insurance — premiums ceded recorded in Iceland?
- The highest recorded value was 8.06 Euro in 2004.
- What is the lowest insurance business written by class of insurance — premiums ceded recorded in Iceland?
- The lowest recorded value was 0.782 Euro in 2013.
- How does Iceland rank for insurance business written by class of insurance — premiums ceded?
- Iceland ranks 38th out of 40 countries with data for 2024.
- Is insurance business written by class of insurance — premiums ceded rising or falling in Iceland?
- Over the last ten years it is up 11.1%. 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 — Premiums ceded. 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.