Global insurance premiums to increase

statisticsAccording to Swiss Re, the global insurance market turnover should increase by 3.4% in 2021, by 3.3% in 2022 and by 3.1% in 2023. The reinsurer expects life and non-life premiums to exceed 7 000 billion USD by the first half of 2022.

This growth would be driven by an increased awareness of risks, a growing demand for protection, a rise in non-life rates and a strong cyclical recovery after the Covid-19 shock.

Turnover growth prospects per class of business:

Class of business202120222023
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