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The Hong Kong general insurance industry is set to grow at a compound annual growth rate (CAGR) of 6.3% from HKD67.0 billion ($8.6 billion) in 2024 to SAR85.6 billion ($10.9 billion) in 2028, in terms of gross written premiums (GWP), forecasts GlobalData, a leading data and analytics company. According to GlobalData’s Insurance Database, the general […]
New Zealand general insurance industry to reach $7.6 billion by 2028, forecasts GlobalData
The New Zealand general insurance industry is set to grow at a compound annual growth rate (CAGR) of 7.3% from NZD9.8 billion ($5.8 billion) in 2024 to NZD12.9 billion ($7.6 billion) in 2028, in terms of gross written premiums (GWP), forecasts GlobalData, a leading data and analytics company. GlobalData’s Insurance Database reveals that the general […]
Hong Kong PA&H insurance industry to reach $3.6 billion by 2028, forecasts GlobalData
The personal accident and health (PA&H) insurance industry in Hong Kong is forecasted to grow at a compound annual growth rate (CAGR) of 7.4% from HKD21.4 billion ($2.7 billion) in 2024 to HKD28.5 billion ($3.6 billion) in 2028, in terms of gross written premiums (GWP), according to GlobalData, a leading data, and analytics company. According […]
Saudi Arabia general insurance industry to surpass $22 billion in 2028, forecasts GlobalData
Saudi Arabia’s general insurance industry is set to grow at a compound annual growth rate (CAGR) of 5.2% from SAR68.3 billion ($18.2 billion) in 2024 to SAR83.7 billion ($22.3 billion) in 2028, in terms of gross written premiums (GWP), forecasts GlobalData, a leading data and analytics company. GlobalData’s Insurance Database reveals that Saudi Arabia’s general […]
Property insurers in Japan to maintain profitability in 2024 despite Noto Peninsula Earthquake, says GlobalData
The Japanese property insurers are likely to withstand losses and will not be negatively impacted by the 7.6 magnitude earthquake that struck the Noto Peninsula in Ishikawa Prefecture, on 1 January 2024, says GlobalData, a leading data and analytics company. The Noto Peninsula earthquake resulted in over 240 casualties and caused widespread property damage to […]
Chinese property insurance industry to surpass $67 billion by 2028, forecasts GlobalData
The Chinese property insurance industry is forecast to grow at a compound annual growth rate (CAGR) of 12.1% over 2024–28, from CNY271 billion ($40.5 billion) in 2024 to CNY428.3 billion ($67.7 billion) in 2028, in terms of gross written premiums (GWP), according to GlobalData, a leading data and analytics company. GlobalData’s Insurance Database reveals that […]
Vietnam general insurance industry to surpass $3.9 billion in 2028, forecasts GlobalData
The Vietnamese general insurance industry is set to grow at a compound annual growth rate (CAGR) of 6.7% from VND 71.1 trillion ($3.0 billion) in 2023 to VND 98.3 trillion ($3.9 billion) in 2028, in terms of gross written premiums (GWP), forecasts GlobalData, a leading data and analytics company. GlobalData’s Insurance Database reveals that the […]
Germany general insurance industry to surpass $205 billion by 2028, forecasts GlobalData
The German general insurance industry is set to grow at a compound annual growth rate (CAGR) of 5.5% from EUR149.7 billion ($152.8 billion) in 2023 to EUR195.5 billion ($205.2 billion) in 2028, in terms of direct written premiums (DWP), forecasts GlobalData, a leading data and analytics company. GlobalData’s Insurance Database reveals that the general insurance […]
Hong Kong life insurance industry to surpass $68 billion by 2028, forecasts GlobalData
Hong Kong’s life insurance industry is forecast to grow at a compound annual growth rate (CAGR) of 4.1% over 2024–28, from HKD459.9 billion ($58.7 billion) in 2024 to HKD539.1 billion ($68.8 billion) in 2028, in terms of direct written premiums (DWP), according to GlobalData, a leading data and analytics company. GlobalData’s Insurance Database reveals that […]
Australia motor insurance industry to surpass $23 billion by 2028, forecasts GlobalData
The Australian motor insurance industry is projected to grow at a compound annual growth rate (CAGR) of 9.9% from AUD24.1 billion ($16.7 billion) in 2024 to AUD35.1 billion ($23.9 billion) in 2028, in terms of direct written premiums (DWP), according to GlobalData, a leading data, and analytics company. According to GlobalData’s Insurance Database, the Australian […]
Portugal general insurance industry to surpass $9 billion by 2028, says GlobalData
The Portuguese general insurance industry is set to grow at a compound annual growth rate (CAGR) of 6.9% from EUR6.6 billion ($6.7 billion) in 2023 to EUR9.2 billion ($9.7 billion) in 2028, in terms of gross written premiums (GWP), forecasts GlobalData, a leading data and analytics company. GlobalData’s Insurance Database reveals that the Portuguese general […]
South Korea motor insurance market to surpass $19 billion by 2028, forecasts GlobalData
The South Korean motor insurance industry is forecast to grow at a compound annual growth rate (CAGR) of 4.6% from KRW20.5 trillion ($15.4 billion) in 2023 to KRW25.7 trillion ($19.2 billion) in 2028, in terms of gross written premiums (GWP), according to GlobalData, a leading data and analytics company. According to GlobalData’s Insurance Database, the […]
China general insurance industry to reach $361 billion by 2028, forecasts GlobalData
The Chinese general insurance industry is set to grow at a compound annual growth rate (CAGR) of 7.4% from CNY1.6 trillion ($237.2 billion) in 2023 to CNY2.3 trillion ($361.0 billion) in 2028 in terms of gross written premiums (GWP), forecasts GlobalData, a leading data and analytics company. GlobalData’s Insurance Database reveals that the general insurance […]
Australia life insurance industry to surpass $30 billion in 2028, forecasts GlobalData
The Australian life insurance industry is projected to grow at a compound annual growth rate (CAGR) of 5.9% from AUD33.6 billion ($23.3 billion) in 2023 to AUD44.7 billion ($30.4 billion) in 2028, in terms of gross written premiums (GWP), according to GlobalData, a leading data, and analytics company. According to GlobalData’s Insurance Database, the Australian […]
China motor insurance industry to reach $171.9 billion by 2028, forecasts GlobalData
The motor insurance industry in China is projected to grow at a compound annual growth rate (CAGR) of 4.5% from CNY871.2 billion ($129.1 billion) in 2023 to CNY1.1 trillion ($171.9 billion) in 2028, in terms of gross written premiums (GWP), according to GlobalData, a leading data and analytics company. According to GlobalData’s Insurance Database, China’s […]
Netherlands general insurance industry to reach $97 billion by 2028, forecasts GlobalData
The Dutch general insurance industry is expected to grow at a compound annual growth rate (CAGR) of 5.4% from EUR70.8 billion ($72.3 billion) in 2023 to EUR92.4 billion ($97.0 billion) in 2028, in terms of direct written premiums (DWP), forecasts GlobalData, a leading data and analytics company. GlobalData’s Insurance Database reveals that the Dutch general […]
China life insurance industry to surpass $890 billion by 2028, forecasts GlobalData
The Chinese life insurance industry is forecast to grow at a compound annual growth rate (CAGR) of 9.0% over 2024–28, from CNY4.0 trillion ($597.1 billion) in 2024 to CNY5.6 trillion ($893.2 billion) in 2028, in terms of direct written premiums (DWP), according to GlobalData, a leading data and analytics company. According to GlobalData’s Insurance Database, […]
Japan life insurance industry to exceed $350 billion by 2028, forecasts GlobalData
The Japanese life insurance industry is forecast to grow at a compound annual growth rate (CAGR) of 2.0% from JPY37.1 trillion ($289 billion) in 2024 to JPY40.2 trillion ($359.5 billion) in 2028, in terms of gross written premiums (GWP), according to GlobalData, a leading data and analytics company. GlobalData’s Insurance Database reveals that the Japanese […]
Australia general insurance industry to reach $83.9 billion by 2027, forecasts GlobalData
The Australian general insurance industry is set to grow at a compound annual growth rate (CAGR) of 9.1% from AUD86.8 billion ($60.1 billion) in 2023 to AUD123.1 billion ($83.9 billion) in 2027, in terms of direct written premiums (DWP), forecasts GlobalData, a leading data and analytics company. GlobalData’s Insurance Database reveals that the Australian general […]
Saudi Arabia general insurance industry to surpass $19 billion by 2027, forecasts GlobalData
Saudi Arabia’s general insurance industry is set to grow at a compound annual growth rate (CAGR) of 6.2% from SAR56.8 billion ($15.2 billion) in 2023 to SAR72.4 billion ($19.3 billion) in 2027, in terms of gross written premiums (GWP), forecasts GlobalData, a leading data and analytics company. According to GlobalData’s Insurance Database, Saudi Arabia’s general […]