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

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      <subfield code="a">Global insurance spending to hit almost $10 trillion by 2028, $900 billion more than this year</subfield>
      <subfield code="c">By Jastra Kranjec</subfield>
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      <subfield code="a">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</subfield>
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      <subfield code="t"> Stocklytics.com</subfield>
      <subfield code="g">August 21, 2024 ; 3 p.</subfield>
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      <subfield code="u">https://stocklytics.com/content/global-insurance-spending-to-hit-almost-10-trillion-by-2028-900-billion-more-than-this-year/</subfield>
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