The figures, which were published in the federation's annual "European Insurance in Figures", show that - despite an unfavourable economic environment - the European insurance industry paid out 1.6% more than in 2014.
Michaela KOLLER, director general of Insurance Europe, commented: "The volume of claims and benefits paid out by Europe's insurers demonstrates the importance of insurance, which underpins every aspect of European life and business."
The figures also show that:
- Insurers remained Europe's largest institutional investors, with EUR 9,897 billion invested in the economy.
- The European insurance market, which is the largest in the world, continued to grow in 2015, with total premiums increasing by 2% to EUR 1,207 billion.
- However, average insurance penetration (gross written premiums as a percentage of GDP) decreased slightly in Europe from 7.62% in 2014 to 7.41% in 2015.