Global insurance market outlook 2024: what can we expect?

Published 2024-07-16
Still strong labour markets and improving real wages are set to boost insurance demand. Higher interest rates will fuel strong sales in fixed-rate life savings business, creating a notable turnaround in the life insurance industry, especially in advanced markets.

Life insurance in advanced markets has been in a slump on account of the very low interest rate environment that ran from the time of the global financial crisis (2008–09) until after 2021. Now, the sector is back in business.

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Swiss Re
The Swiss Re Group is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. It anticipates and manages risk – from natural catastrophes to climate change, from ageing populations to cyber crime. The aim of the Swiss Re Group is to enable society to thrive and progress, creating new opportunities and solutions for its clients. Headquartered in Zurich, Switzerland, where it was founded in 1863, the Swiss Re Group operates through a network of around 80 offices globally.

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