Published on 21 Mar 2024 on Insider Monkey via Yahoo Finance
25 Largest Insurance Companies in the World in 2024
In this article, we will cover the 25 largest insurance companies in the world in 2024. If you want to skip our detailed analysis of the insurance industry, you can go directly to 5 Largest Insurance Companies in the World in 2024.
Insights into the Global Insurance Market
The insurance sector plays a crucial role in providing financial protection against risks, uncertainties, and unforeseen events for a diverse range of clients, including individuals and businesses. According to a report by The Business Research Company, the global insurance market was estimated to have reached a value of $7.26 trillion in 2023. Looking forward, the market is expected to grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2028 to reach a value of $10.28 trillion by the end of the forecast period. In 2023, the North American region dominated the market while Asia-Pacific was the second-largest region, by market share, of the global insurance market.