Insurance Market Projected to Reach $10288.43 Billion by 2028

120

The global insurance market is anticipated to expand significantly, with projections indicating a market size of $10288.43 billion by 2028, according to the latest report from The Business Research Company.

The report, titled “Insurance Global Market Report 2024,” offers a comprehensive analysis of various aspects of the insurance market, providing valuable insights into its trends and dynamics. It forecasts a compound annual growth rate (CAGR) of 7.2% leading up to 2028. One of the key factors driving this growth is the increasing aging population, which is expected to contribute to the rising demand for insurance products and services worldwide. The North America region is poised to dominate the insurance market share.

Several major players are identified within the insurance market, including Berkshire Hathaway Inc., Centene, Anthem Inc., Allianz Group, Axa Group, Assicurazioni Generali S.p.A., Humana, and State Farm Mutual Automobile Insurance Company.

With such promising growth prospects and the presence of established industry players, the global insurance market is set to witness significant expansion in the coming years, presenting lucrative opportunities for investors and stakeholders alike.