Global Life Premium Growth Slows as Macro Risks Mount

According to Swiss Re and several other leading industry forecasts, the global life insurance premium growth rate is projected to decline quite significantly, dropping to an estimated 1–2% in 2025, a notable decrease from the much stronger 6% growth rate recorded in 2024 limra.com. In more developed and advanced economies, this growth figure may slow even further, stabilizing around a modest 2% year-on-year. However, emerging markets such as China, India, and Latin America are expected to continue experiencing moderate yet steady gains, maintaining growth rates of approximately 5–6% irmi.com.

On a global scale, total insurance premiums spanning life, health, and property sectors reached an impressive milestone of EUR 7 trillion in 2024, with life insurance playing a particularly crucial role by exhibiting robust growth of 10.4% in 2024. This strong performance was largely driven by key markets such as North America and China, which contributed significantly to the overall increase in premiums allianz.com. Nonetheless, ongoing geopolitical uncertainties, escalating trade tensions, and the looming prospect of slowing economic conditions are anticipated to exert considerable pressure on the industry, dampening the pace of premium growth and overall acceleration throughout 2025.

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