Global insurance premiums set to face slower growth

Global insurance premium growth is expected to moderate over the next two years, according to the Swiss Re Institute.

In its Sigma Report No. 2/2026, the institute forecasts global premium growth of 1.3% in 2026 and 1.6% in 2027, down from 3.9% in 2025.

Non-life insurance premiums are projected to increase by just 0.6% in 2026, as intensified price competition and slower economic growth weigh on the market. Inflationary pressures linked to the conflict in the Middle East are also expected to constrain growth.

In contrast, life insurance premiums are forecast to rise by 2.3%, supported by higher investment returns.

The United States and China are expected to remain the world's largest insurance markets, while India is projected to post the strongest premium growth, at 7.1% in 2026.