The report indicates that the global insurance industry experienced a remarkable 7.5% growth in 2023, the highest rate since 2006. Insurers worldwide collected €6.2 trillion in premiums, distributed across life (€2.6 trillion), property & casualty (€2.2 trillion), and health (€1.4 trillion) insurance. This marked a significant increase of €1.1 trillion, or 21.5%, over the past three years. However, due to high inflation, real premium growth was modest, with only a 0.7% uptick since 2020.
