The global property and casualty insurance market continued to expand in 2025, although at a more moderate pace than in recent years. According to Allianz's Global Insurance Report, global P&C premiums grew by 3.8% in 2025, down from 8.5% in 2024, reflecting the gradual normalization of pricing after an extended hard market. Total global P&C premiums reached approximately €2.3 trillion, representing roughly one-third of the €6.9 trillion generated by the insurance industry as a whole.