Swiss Re figures show US pays more than half all premiums
Swiss Re says businesses spent $142bn in 2008 on liability insurance with more than half ($77bn) paid by businesses in America, the Economist reports.
$11 billion was paid by doctors insuring themselves against lawsuits for malpractice. America also spent the largest share of its GDP on liability insurance, followed by Britain and Australia.
The Chinese market has grown at an average annual rate of 22% since 2000. It is the world’s tenth largest but is a smaller share of GDP.
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The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
