Global insurance forecast: what to expect in 2025 and 2026
Global insurance forecast: what to expect in 2025 and 2026
the global primary Insurance Market is expected to see above average growth over the next 2 years overall we’re forecasting 2.6% in total Global real premium growth on average in 2025 and 2026 Global non-life premium growth will slow to around 2.3% on average in 2025 to 2026 as pricing conditions become less favorable still Rising Insurance penetration will support growth especially in areas like natural catastrophes and in Emerging Markets life insurers are seeing Global premium growth Peak this year at 5% in real terms that’s the highest rate in a decade we expect the industry to grow at more than double the historical average of the last decade in the next 2 years in addition we see the demand for savings products to stay elevated and the focus also to shift increasingly to indexed annuities non-life underwriting profitability is improving thanks to easing inflation and the recent repricing of risk life insurers will also benefit from the ongoing gains in operating results next year investment yields should continue to improve for our insurers as portfolio yields are still below Market yields and we also see upside risks to long-dated bond yields especially in the US we expect real premium growth of around 1.9% on average in 2025 and 2026 in North America in non-life growth will slow as competition returns in personal lines in life insurance we expect the focus to shift to indexed annuities following two years of record growth in fixed rate savings products real premium growth in advanced Europe should be around 1.8% on average annually in 2025 and 2026 in non-life premium growth will slow in the next two years years whereas in life insurance the key story that we expect is that unit link sales will rise with spillovers to risk protection business in non-life primary Insurance the spotlight is on India which is expected to outperform all major Emerging Markets meanwhile in life insurance however will continue to be the key drivers of growth in 2025 and 2026.
- What is the projected growth rate for the global insurance market in 2025 and 2026?
- How are life and non-life insurance sectors expected to perform during this period?
- What impact will climate change have on insurance premiums and coverage availability?
- How are insurers adapting to technological advancements like AI and digital transformation?
- What role will emerging markets play in the global insurance industry’s growth?
- How might regulatory changes affect the insurance landscape in the coming years?
- What are the anticipated trends in reinsurance and catastrophe coverage?
