In nominal terms, global insurance premiums are expected to exceed $7 trillion for the first time in 2022, driven by 6.1 percent growth, solid employment, income growth, a hardening P&C market environment, and increased risk awareness for mortality and health risks as a result of the COVID-19 pandemic. The Swiss Re Institute’s most recent world… Continue reading Swiss Re Says Global Insurance Premiums Will Exceed $7 Trillion this Year
Tag: global insurance premiums
As Risks Mount, Insurers Aim to Augment Protection with Prevention: Bain & Co
Global insurance premiums could reach $10 trillion by 2030, according to Bain & Company’s new report, Insurance 2030: As Risks Mount, Insurers Aim to Augment Protection with Prevention. This new research explores the evolving risk landscape for insurers, showing risks declining or flat lining in mature areas, such as personal auto and mortality; expanding in… Continue reading As Risks Mount, Insurers Aim to Augment Protection with Prevention: Bain & Co
Global Commercial Insurance Pricing Increased 19% in Second Quarter
Global commercial insurance pricing increased for the eleventh consecutive quarter in the second quarter of 2020, according to Marsh’s quarterly Global Insurance Market Index, a proprietary measure of global commercial insurance premium pricing change at renewal, representing the world’s major insurance markets and comprising nearly 90% of Marsh’s premium. The increase, the largest since the… Continue reading Global Commercial Insurance Pricing Increased 19% in Second Quarter
Insurance Markets Will Grow Despite Weakening Global Economic Growth: SIGMA
Insurance markets continue to support resilience, with global premiums forecast to increase by 3% annually in real terms in 2020 and 2021, despite a slowing world economy. In its latest sigma, “Sustaining resilience amid slowing growth: global economic and insurance market outlook 2020/21,” Swiss Re Institute (SRI) forecasts US and euro area growth next year… Continue reading Insurance Markets Will Grow Despite Weakening Global Economic Growth: SIGMA