According to Swiss Re, the global P&C risk pool will more than double by 2040 to $4.3 trillion. (Source: Swiss Re)
Over the next 20 years, property and casualty (P&C) insurance is poised to undergo "fundamental transformation" as the market becomes riskier and more complex, according to the Swiss Re Institute's most recent sigma report, "More risk: the changing nature of P&C insurance opportunities to 2040." As a result of changing conditions, Swiss Re predicts global P&C premiums will more than double from $1.8 trillion in 2020 to $4.3 trillion in 2040, with property insurance becoming the fastest-growing business line and motor insurance remaining the largest market.
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