Browsing: market growth

The reinsurance industry has grown in line with GDP for over 40 years, but the competitive landscape is intensifying. This article examines the challenges and opportunities facing reinsurers and explores strategies for growth.

The global pet insurance market is expected to grow substantially from USD 9.3 billion in 2022 to USD 27.8 billion by 2032, driven by increasing pet ownership and demand for comprehensive coverage.

Asia-Pacific’s commercial auto insurance market is expected to grow at a 3.2% compound annual growth rate (CAGR) from 2024 to 2032, driven by increasing demand for new car sales due to the expanding middle-class population.

Several factors are expected to boost the growth of India’s non-life insurance market over the medium term.