Global insurance spending to hit almost $10 trillion by 2028, $900 billion more than this year

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<namePart>Kranjec, Jastra</namePart>
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<abstract displayLabel="Summary">The global insurance market, including life and non-life insurance, has grown by 25% in the past four years, with the total value of insurance premiums rising from just under $8 trillion in 2018 to over $9 trillion this year. Although the annual growth rate significantly slowed after the 2021 peak, the entire market is still on the brink of setting a new record and reaching a spending record in the following years.
According to data presented by Stocklytics.com, global insurance spending is expected to grow by a further 10% and hit almost $10 trillion by 2028</abstract>
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<title> Stocklytics.com</title>
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<text>August 21, 2024 ; 3 p.</text>
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