The insurance density is the average amount spent on insurance by a person in a given territory. It is calculated by dividing the gross written insurance premiums of a country (or other areas) for a given period (usually one year) by the population of the country. The ID of Europe for 2018 was EUR 2.170, with the bulk of about 60% allocated to life insurance, about 10% to health insurance and about 30% to property and car insurance.
The split between insurance coverage as well as the The insurance density is the average... More differs greatly among countries and is a measure of the development of the insurance industry. In emerging economies, the The insurance density is the average... More is lower (EUR 150 for Bulgaria), and the split between insurance coverage is dominated by legally required insurance coverage (such as MTPL) and “property and car” insurance coverage (the majority of which are made compulsory by the lessors).