Non-life Insurance: market data & analysis

Market Insights Report

Non-life Insurance: market data & analysis

The Non-life Insurance market is witnessing substantial growth, driven by increasing awareness and demand for financial protection across various sectors. Factors contributing to this growth include the demand for customizable non-life insurance plans that can protect against a broad range of risks, from property damage to health and liability coverage.

Despite its potential, the market also faces challenges, such as adapting to evolving regulatory requirements and meeting customer expectations for digital, convenient services. Economic stability and growth, as well as advancements in technology, play a significant role in shaping the market, creating opportunities for innovation and efficiency. Overall, the Non-life Insurance market offers a valuable opportunity for insurers to provide comprehensive and flexible coverage solutions, with gross written premium expected to reach US$5.18 trillion by 2029, underscoring its importance in safeguarding assets and supporting financial resilience.

What's included?

  • All relevant Non-life Insurance data, including market size & forecasts until 2029
  • Overview and worldwide comparison
  • Trends and market developments

Inhaltsverzeichnis

The Non-life Insurance market encompasses a broad range of insurance products designed to protect individuals and businesses from financial losses related to events other than death. This includes coverage for areas such as health, motor vehicles, property, and general liability, offering policyholders financial security in various circumstances, from accidents to property damage. Gross Written Premium is the primary metric for assessing market performance, with the global Non-life Insurance market projected to reach a gross written premium of US$4.46 trillion in 2024, and an average spending per capita of US$575.60.

This report provides a detailed overview of the Non-life Insurance market, including key statistics on market growth and a forecast extending to 2029. It includes important KPIs such as gross written premium aggregated for all countries and regions, gross written premium per capita, gross claim payments, and the loss ratio – calculated as gross claim payments divided by gross written premium. The Non-life Insurance market is expected to grow at a CAGR of 3.04%, reaching US$5.18 trillion by 2029, with the United States generating the highest gross written premium at US$2,500.0 billion in 2024.

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