Insurance premium growth forecast in real terms

  TotalNon-lifeLife
  2024F2025– 2026F2024F2025–2026F2024F2025–2026F
World 4.6%2.6%4.3%2.3%5.0%3.0%
Advanced markets    All4.1%2.0%4.3%1.9%4.0%2.0%
North America5.2%1.9%4.6%1.9%7.1%1.8%
Western Europe2.7%1.8%3.7%1.7%2.5%1.9%
Asia Pacific2.2%2.6%3.2%3.0%1.9%2.5%
Emerging markets    All6.7%5.3%4.3%4.1%7.9%5.7%
Excl. China5.8%5.1%4.7%4.2%6.5%5.6%
China7.5%5.5%3.9%4.1%8.9%5.7%

F = forecasts. Data as of 11 November 2024.
Source: Swiss Re Institute, Bloomberg

Real GDP growth and CPI inflation forecasts, 2023 to 2026F

  20232024F2025F2026F
Real GDP growth,
annual avg.
Global2.8%2.8%2.8%2.7%
 US2.9%2.8%2.2%2.1%
 UK0.3%0.9%1.2%1.5%
 Euro area0.5%0.7%0.9%1.1%
 Japan1.9%-0.1%1.2%0.9%
 China5.2%4.9%4.6%4.1%
Inflation, all-items CPI,
annual avg.
Global5.8%5.1%3.3%3.0%
 US4.1%2.9%2.5%2.4%
 UK7.4%2.5%2.2%2.3%
 Euro area5.5%2.3%2.0%2.1%
 Japan3.6%2.6%2.0%2.0%
 China0.2%0.4%1.1%1.5%

F = forecasts. Data as of 11 November 2024.
Source: Swiss Re Institute, Bloomberg