Swiss Re Estimates Global Insurance Premiums Reach $7 Trillion in 2022 (Risk & Insurance)

Swiss Re Estimates Global Insurance Premiums Reach $7 Trillion in 2022

Monday, August 2nd, 2021 Risk Management

Good news: The world economy is on the path to a strong recovery following the COVID-19 crisis.

That’s what Swiss Re concluded in its latest World Insurance Sigma report, which ultimately forecasted that global insurance premiums will be approaching the $7 trillion mark by the end of 2022.

In its findings, the report also noted the pandemic had a significant impact on the insurance industry as a whole.

Risk awareness is up. Global health and protection-type insurance premiums grew by 1.9% and 1.7% respectively in 2020, the report found, despite social distancing’s effect on distribution. Insurance demand is estimated to grow by 3.3% by year’s end.

Here are just a few more insights from the report and the factors driving a steady recovery.


External References & Further Reading
https://riskandinsurance.com/swiss-re-sigma-shows-global-insurance-premium-approaching-7-trillion-by-2022/
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