Allianz – Global Insurance Report: Rising Demand for Protection, 2025
Summary
The main theme of the report is the rising demand for insurance protection on a global scale.
In 2024, the global insurance industry grew by 8.6%, adding 557 billion euros to the global premium pool. Insurance penetration (premiums as a percentage of GDP) increased to 7.4% in 2024. The P&C segment (property and casualty insurance) grew by 7.7%, with the main growth coming from North America. The life segment grew by 10.4% in 2024, with the main contribution from North America. The healthcare segment is dominated by the US market, with premium growth of 7.0% in 2024. Global GDP growth is expected to slow to 2.3% in 2025 due to the US trade war and high global uncertainty.
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