Life Insurance Market Outlook 2024 - 2028

Daily Updated Industry Statistics and Top Emerging Trends about the Life Insurance Industry

Global Life Insurance Trends in 2024

Life Insurance is part of Insurance and includes a number of sub-sectors such as Term Life Insurance, Disability Insurance, Accidental Death And Dismemberment Insurance, Critical Illness Insurance and Permanent Life Insurance. You may also be interested in Auto Insurance.

Global Life Insurance Gross Written Premium is projected to climb to $2.66 trillion by 2028, up from $2.64 trillion in 2023, marking a modest annual growth rate of 0.2%. This trend reflects a consistent increase in global supply since 2015, which also grew at an average of 0.2% per year. In contrast, European Life Insurance Revenue is expected to decline significantly. Forecasts predict a drop to €2.1 trillion by 2028 from €764 billion in 2023, translating to an average annual decline of 4.2%. The European market has seen a sharp contraction since 2019, with an annual decrease of 51%. France leads the European Life Insurance Revenue rankings with €193 billion in 2023. Following France, Denmark, Germany, and Italy occupy the second, third, and fourth spots, respectively. Notably, Finland experienced a 6.9% year-on-year increase, while Denmark saw a drastic reduction of 64.2% annually since 2019.

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Top 10 countries

In 2024 major markets in the Life Insurance Industry were:

Life Insurance Market Data and Forecasts

How much the Life Insurance industry is expected to grow to 2028?

Forecast: World Gross Premium Income of Life Insurance
Forecast: European Turnover of Life Insurance
Forecast: Turnover of Life Insurance in France
Forecast: Turnover of Life Insurance in Italy
Forecast: Turnover of Life Insurance in Germany
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What are the world's biggest Life Insurance markets?

European Turnover of Life Insurance by Country
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Global Life Insurance Statistics

Global Life Insurance Industry Database