The Insurance market is a foundational sector in the global economy, providing essential protection for individuals and businesses against financial losses from unforeseen events. Insurance policies, structured as life and non-life insurancces, offer support for a wide range of scenarios, from accidents to health issues and property damage. Gross Written Premium serves as the market’s main performance metric, with the global Insurance market expected to reach a gross written premium of US$8.02 trillion in 2024 and an average per capita spending of US$1.03k. The Non-life Insurance segment is the largest, projected at US$4.46 trillion in 2024.
This report provides an in-depth analysis of the Insurance market, including key statistics such as aggregated gross written premium aggregated for all countries and regions, gross written premium per capita, gross claim payments, loss ratio – calculated as gross claim payments divided by gross written premium, for selected European countries the distribution channels of insurance bookings, and the share of insureds in the total population for over 50 countries for live, health, motor vehicle, property, general liability, and legal insurances. With a CAGR of 2.38% projected through 2029, the market is set to reach a volume of US$9.02 trillion. This report also highlights country-specific insights, with the United States expected to lead in gross written premium, reaching US$3,788.0 billion in 2024.
The Insurances Market
Overview
- Market Structure
- Market Definition
- Market Scopes
- Summary
- Market Numbers
Markets- Life Insurance Market
- Non-life Insurances Market
Appendix and imprintThe Insurances Market
Overview
- Market Structure
- Market Definition
- Market Scopes
- Summary
- Market Numbers
Markets- Life Insurance Market
- Non-life Insurances Market
Appendix and imprint
