Despite challenges presented by the global economy, the property and casualty insurance market continues to grow, surpassing $2.5 trillion in 2025. Experts predict the global market will grow to nearly $2.7 trillion this year. By 2030 — with a predicted compound annual growth rate of 6.6% — the P&C market could hit almost $3.4 trillion by 2030, according to data from The Business Research Company.