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.
Top 10 countries
In 2024 major markets in the Life Insurance Industry were:
Life Insurance Market Data and Forecasts
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More in Life Insurance MarketGlobal Life Insurance Statistics
- Gross Written Premium 87 countries (Europe, Western Europe, Northern Europe...)
- Life Insurance Gross Written Premium 85 countries (Europe, Western Europe, Northern Europe...)
- Net Written Premium 80 countries (Europe, Latin America, South America...)
- Life Insurance Net Written Premiums 79 countries (Europe, Latin America, Northern Europe...)
- Premiums Written 80 countries (Europe, Latin America, South America...)
- Paid Claims 78 countries (Latin America, Europe, South America...)
- Household Life Insurance And Annuities Assets 49 countries (Europe, Northern Europe, Western Europe...)
- Life Insurance Revenue 44 countries (Europe, Northern Europe, United States...)
- Life Insurance Firms Number 46 countries (Europe, New Zealand, Australasia...)
- Number Of Enterprises 66 countries (Europe, Northern Europe, Southern Europe...)