The Underwriting Signal Insurance market data read as an economic and geopolitical indicator

Global Rate Cycle

These series track the insurance capital cycle — premium volumes, commercial rate movement, underwriting profitability. The cycle can fully mask risk: global commercial rates fell for eight straight quarters through the 2026 Iran war while reinsurer capital hit records.

At a glance

US non-life gross direct premiums written (OECD)

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USD millions · annual · methodology · JSON

Source: oecd_sdmx. Tap or hover for values and per-point source links.

Data table (13 observations)
DateValueRangeSource
2012-12-31 977228.0 — oecd_sdmx
2013-12-31 1016571.0 — oecd_sdmx
2014-12-31 1113379.0 — oecd_sdmx
2015-12-31 1196733.0 — oecd_sdmx
2016-12-31 1266131.0 — oecd_sdmx
2017-12-31 1326068.0 — oecd_sdmx
2018-12-31 1408663.0 — oecd_sdmx
2019-12-31 1495079.0 — oecd_sdmx
2020-12-31 1565690.0 — oecd_sdmx
2021-12-31 1732648.0 — oecd_sdmx
2022-12-31 1921087.0 — oecd_sdmx
2023-12-31 2094904.0 — oecd_sdmx
2024-12-31 2274544.0 — oecd_sdmx

US marine, aviation & transport gross direct premiums (OECD)

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USD millions · annual · methodology · JSON

Source: oecd_sdmx. Tap or hover for values and per-point source links.

Data table (13 observations)
DateValueRangeSource
2012-12-31 1900.0 — oecd_sdmx
2013-12-31 1732.0 — oecd_sdmx
2014-12-31 1658.0 — oecd_sdmx
2015-12-31 1592.0 — oecd_sdmx
2016-12-31 3156.0 — oecd_sdmx
2017-12-31 1606.0 — oecd_sdmx
2018-12-31 1659.0 — oecd_sdmx
2019-12-31 1923.0 — oecd_sdmx
2020-12-31 2211.0 — oecd_sdmx
2021-12-31 2531.0 — oecd_sdmx
2022-12-31 2831.0 — oecd_sdmx
2023-12-31 3030.0 — oecd_sdmx
2024-12-31 3032.0 — oecd_sdmx

UK non-life gross direct premiums written (OECD)

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USD millions · annual · methodology · JSON

Source: oecd_sdmx. Tap or hover for values and per-point source links.

Data table (13 observations)
DateValueRangeSource
2012-12-31 80388.883 — oecd_sdmx
2013-12-31 83702.009 — oecd_sdmx
2014-12-31 85101.928 — oecd_sdmx
2015-12-31 77328.83 — oecd_sdmx
2016-12-31 94604.217 — oecd_sdmx
2017-12-31 102012.36 — oecd_sdmx
2018-12-31 103503.253 — oecd_sdmx
2019-12-31 81336.977 — oecd_sdmx
2020-12-31 80856.41 — oecd_sdmx
2021-12-31 91685.063 — oecd_sdmx
2022-12-31 115678.255 — oecd_sdmx
2023-12-31 125352.599 — oecd_sdmx
2024-12-31 138922.988 — oecd_sdmx

UK marine, aviation & transport gross direct premiums (OECD)

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USD millions · annual · methodology · JSON

Source: oecd_sdmx. Tap or hover for values and per-point source links.

Data table (13 observations)
DateValueRangeSource
2012-12-31 5029.258 — oecd_sdmx
2013-12-31 5504.037 — oecd_sdmx
2014-12-31 4536.926 — oecd_sdmx
2015-12-31 3470.545 — oecd_sdmx
2016-12-31 8479.573 — oecd_sdmx
2017-12-31 9699.009 — oecd_sdmx
2018-12-31 9721.529 — oecd_sdmx
2019-12-31 7848.342 — oecd_sdmx
2020-12-31 7942.308 — oecd_sdmx
2021-12-31 8267.486 — oecd_sdmx
2022-12-31 10303.192 — oecd_sdmx
2023-12-31 11949.279 — oecd_sdmx
2024-12-31 12662.533 — oecd_sdmx

EEA non-life gross direct premiums written, year-to-date (EIOPA)

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EUR millions (year-to-date) · quarterly · methodology · JSON

Source: eiopa. Tap or hover for values and per-point source links.

Data table (39 observations)
DateValueRangeSource
2016-09-30 280535.685533 — eiopa
2016-12-31 351145.086539 — eiopa
2017-03-31 146366.651904 — eiopa
2017-06-30 216167.717909 — eiopa
2017-09-30 292699.857354 — eiopa
2017-12-31 367965.660077 — eiopa
2018-03-31 141649.481637 — eiopa
2018-06-30 225137.528297 — eiopa
2018-09-30 301688.013294 — eiopa
2018-12-31 385210.483493 — eiopa
2019-03-31 150535.248443 — eiopa
2019-06-30 239545.692309 — eiopa
2019-09-30 330186.951736 — eiopa
2019-12-31 419773.203212 — eiopa
2020-03-31 157428.569364 — eiopa
2020-06-30 249687.337104 — eiopa
2020-09-30 337857.83711 — eiopa
2020-12-31 431087.607069 — eiopa
2021-03-31 163029.942693 — eiopa
2021-06-30 261999.69411 — eiopa
2021-09-30 356090.821794 — eiopa
2021-12-31 452672.481697 — eiopa
2022-03-31 173778.263143 — eiopa
2022-06-30 279382.350112 — eiopa
2022-09-30 379662.634939 — eiopa
2022-12-31 483931.019352 — eiopa
2023-03-31 185796.134018 — eiopa
2023-06-30 298636.402894 — eiopa
2023-09-30 405349.86719 — eiopa
2023-12-31 516645.496977 — eiopa
2024-03-31 198523.796918 — eiopa
2024-06-30 321092.605546 — eiopa
2024-09-30 435319.093144 — eiopa
2024-12-31 555112.537718 — eiopa
2025-03-31 212767.298366 — eiopa
2025-06-30 340038.942925 — eiopa
2025-09-30 463528.312094 — eiopa
2025-12-31 588231.66387 — eiopa
2026-03-31 221503.667933 — eiopa

EEA non-life net combined ratio, year-to-date (EIOPA)

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ratio (year-to-date) · quarterly · methodology · JSON

Source: eiopa. Tap or hover for values and per-point source links.

Data table (37 observations)
DateValueRangeSource
2017-03-31 0.89 — eiopa
2017-06-30 0.9 — eiopa
2017-09-30 0.94 — eiopa
2017-12-31 0.94 — eiopa
2018-03-31 0.94 — eiopa
2018-06-30 0.95 — eiopa
2018-09-30 0.94 — eiopa
2018-12-31 0.95 — eiopa
2019-03-31 0.95 — eiopa
2019-06-30 0.94 — eiopa
2019-09-30 0.95 — eiopa
2019-12-31 0.96 — eiopa
2020-03-31 0.96 — eiopa
2020-06-30 0.94 — eiopa
2020-09-30 0.94 — eiopa
2020-12-31 0.95 — eiopa
2021-03-31 0.92 — eiopa
2021-06-30 0.93 — eiopa
2021-09-30 0.94 — eiopa
2021-12-31 0.95 — eiopa
2022-03-31 0.95 — eiopa
2022-06-30 0.94 — eiopa
2022-09-30 0.95 — eiopa
2022-12-31 0.96 — eiopa
2023-03-31 0.95 — eiopa
2023-06-30 0.96 — eiopa
2023-09-30 0.97 — eiopa
2023-12-31 0.97 — eiopa
2024-03-31 0.96 — eiopa
2024-06-30 0.96 — eiopa
2024-09-30 0.96 — eiopa
2024-12-31 0.96 — eiopa
2025-03-31 0.97 — eiopa
2025-06-30 0.95 — eiopa
2025-09-30 0.94 — eiopa
2025-12-31 0.94 — eiopa
2026-03-31 0.93 — eiopa

US PPI: premiums for property & casualty insurance (BLS via FRED)

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index · monthly · methodology · JSON

Source: fred. Tap or hover for values and per-point source links.

Data table (122 observations)
DateValueRangeSource
2016-07-01 145.5 — fred
2016-08-01 145.8 — fred
2016-09-01 145.5 — fred
2016-10-01 146.9 — fred
2016-11-01 147.1 — fred
2016-12-01 147.3 — fred
2017-01-01 147.4 — fred
2017-02-01 147.5 — fred
2017-03-01 147.5 — fred
2017-04-01 149.2 — fred
2017-05-01 149.3 — fred
2017-06-01 150.4 — fred
2017-07-01 150.4 — fred
2017-08-01 150.4 — fred
2017-09-01 150.7 — fred
2017-10-01 150.9 — fred
2017-11-01 150.9 — fred
2017-12-01 152.1 — fred
2018-01-01 151.9 — fred
2018-02-01 152.0 — fred
2018-03-01 152.1 — fred
2018-04-01 152.6 — fred
2018-05-01 152.8 — fred
2018-06-01 152.6 — fred
2018-07-01 153.1 — fred
2018-08-01 153.3 — fred
2018-09-01 153.5 — fred
2018-10-01 153.5 — fred
2018-11-01 153.5 — fred
2018-12-01 154.1 — fred
2019-01-01 154.0 — fred
2019-02-01 154.2 — fred
2019-03-01 154.3 — fred
2019-04-01 154.4 — fred
2019-05-01 155.1 — fred
2019-06-01 155.0 — fred
2019-07-01 155.4 — fred
2019-08-01 155.5 — fred
2019-09-01 155.7 — fred
2019-10-01 156.0 — fred
2019-11-01 156.0 — fred
2019-12-01 156.3 — fred
2020-01-01 156.3 — fred
2020-02-01 156.4 — fred
2020-03-01 156.4 — fred
2020-04-01 156.1 — fred
2020-05-01 156.4 — fred
2020-06-01 156.8 — fred
2020-07-01 156.8 — fred
2020-08-01 156.8 — fred
2020-09-01 157.0 — fred
2020-10-01 156.9 — fred
2020-11-01 156.8 — fred
2020-12-01 157.1 — fred
2021-01-01 155.1 — fred
2021-02-01 154.7 — fred
2021-03-01 154.6 — fred
2021-04-01 154.6 — fred
2021-05-01 154.8 — fred
2021-06-01 155.3 — fred
2021-07-01 155.965 — fred
2021-08-01 155.965 — fred
2021-09-01 156.092 — fred
2021-10-01 155.994 — fred
2021-11-01 156.038 — fred
2021-12-01 156.455 — fred
2022-01-01 156.595 — fred
2022-02-01 157.223 — fred
2022-03-01 157.384 — fred
2022-04-01 157.821 — fred
2022-05-01 158.05 — fred
2022-06-01 158.657 — fred
2022-07-01 159.711 — fred
2022-08-01 159.832 — fred
2022-09-01 160.115 — fred
2022-10-01 160.091 — fred
2022-11-01 160.199 — fred
2022-12-01 161.804 — fred
2023-01-01 163.187 — fred
2023-02-01 163.397 — fred
2023-03-01 163.719 — fred
2023-04-01 164.076 — fred
2023-05-01 164.912 — fred
2023-06-01 168.065 — fred
2023-07-01 168.326 — fred
2023-08-01 168.454 — fred
2023-09-01 169.555 — fred
2023-10-01 169.573 — fred
2023-11-01 170.112 — fred
2023-12-01 170.507 — fred
2024-01-01 170.9 — fred
2024-02-01 171.555 — fred
2024-03-01 172.152 — fred
2024-04-01 172.968 — fred
2024-05-01 174.447 — fred
2024-06-01 175.102 — fred
2024-07-01 175.49 — fred
2024-08-01 175.788 — fred
2024-09-01 177.52 — fred
2024-10-01 177.649 — fred
2024-11-01 177.82 — fred
2024-12-01 177.713 — fred
2025-01-01 177.864 — fred
2025-02-01 178.388 — fred
2025-03-01 180.565 — fred
2025-04-01 180.634 — fred
2025-05-01 181.014 — fred
2025-06-01 181.145 — fred
2025-07-01 181.295 — fred
2025-08-01 181.939 — fred
2025-09-01 184.483 — fred
2025-10-01 184.485 — fred
2025-11-01 184.532 — fred
2025-12-01 185.116 — fred
2026-01-01 185.198 — fred
2026-02-01 185.186 — fred
2026-03-01 185.809 — fred
2026-04-01 185.735 — fred
2026-05-01 185.754 — fred
2026-06-01 185.6 — fred
2026-07-01 185.616 — fred
2026-08-01 185.642 — fred

Marsh global composite commercial rate change

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% change, quarter over quarter · quarterly · methodology · JSON

Source: marsh. Tap or hover for values and per-point source links.

Data table (8 observations)
DateValueRangeSource
2024-09-30 -1.0 — Marsh Global Insurance Market Index via Insurance Journal
2024-12-31 -2.0 — Marsh Global Insurance Market Index via Insurance Journal
2025-03-31 -3.0 — Marsh Global Insurance Market Index via Insurance Journal
2025-06-30 -4.0 — Marsh Global Insurance Market Index via Insurance Journal
2025-09-30 -4.0 — Marsh Global Insurance Market Index via Insurance Journal
2025-12-31 -4.0 — Marsh Global Insurance Market Index via Insurance Journal
2026-03-31 -5.0 — Marsh press release
2026-06-30 -6.0 — Marsh press release

Catastrophe bond market outstanding (Artemis)

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USD billions outstanding · quarterly · methodology · JSON

Source: artemis. Tap or hover for values and per-point source links.

Data table (1 observations)
DateValueRangeSource
2026-06-30 65.6 — Artemis.bm

Global reinsurer capital (Aon)

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USD billions · renewal seasons · methodology · JSON

Source: aon. Tap or hover for values and per-point source links.

Data table (1 observations)
DateValueRangeSource
2026-04-01 785.0 — Aon Reinsurance Market Dynamics, April 2026