Global Insurance Report 2024: Transformative years ahead for the insurance sector

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Executive Summary
Exceptionally strong growth
The global insurance industry grew by an estimated 7.5% in 2023, clocking the fastest growth since 2006, the year before the GFC
Insurability gets into the focus
As risks are rising worldwide, the limits of insurability get into the focus.
Closing the gap
Over the next decade, the global insurance market is expected to grow by an annual rate of 5.5%, i.e., with exact the same rate as the global GDP
The next frontier
Artificial Intelligence (AI) stands to disrupt industries on fundamental levels – from business model to value chain.