Insurers paid out EUR 2.8 billion a day in claims in 2017

Insurance Europe's latest statistics show that gross written premiums in Europe increased 4.7% year-on-year to EUR 1,213 billion in 2017, with the highest growth in the general liability and life business lines. Claims and benefits paid increased 8.8% to EUR 1,014 billion, equivalent to EUR 2.8 billion a day. With the total investment portfolio growing 1.2% to EUR 10,226 billion, the industry retained its position as Europe's largest institutional investor. - Read full story

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