Premium gaps, defense investments, and extreme events drive pricing transformation
The global insurance sector recorded an estimated growth of +8.6% in 2024, according to Allianz Research’s newly released report.
The figure marks a second consecutive year of strong expansion, following the +8.2% increase seen in 2023.
Total global premium income grew by €557 billion to reach €7.0 trillion in 2024. Life insurance accounted for the largest share of thi…