2024年全球保险市场趋势

Investment Rating - The report does not explicitly provide an investment rating for the insurance industry. Core Insights - The insurance industry is unevenly developed globally, with lower coverage in less advanced economies [28][29] - Non-life insurance premiums grew by 12.4% on average in nominal terms in 2023, with a real growth rate of 6.2%, indicating a recovery in demand post-COVID-19 [23][76] - Life insurance premiums showed stable growth overall, but some jurisdictions experienced declines due to higher interest rates affecting consumer behavior [25][33] - Investment performance for insurers improved significantly in 2023, reversing previous negative trends, with two-thirds of jurisdictions reporting positive real investment returns [26][32] - Insurer profitability broadly improved in 2023, with positive underwriting performance and investment gains contributing to increased shareholder equity [27][33] Summary by Sections 1. Global Insurance Market Overview - The penetration of the insurance industry varies widely, with higher levels in advanced economies where premiums can exceed 10% of GDP [22][37] - The non-life sector dominates the insurance industry, accounting for 55% of total premiums written in 2023 [40] - Life insurance is more prominent in regions with higher per capita income, with advanced economies showing a higher share of life premiums [56][57] 2. Non-Life Sector Performance - Non-life premiums grew across all reporting jurisdictions, driven by increased claims costs and higher policy rates [23][72] - The nominal growth of non-life premiums was visible in major classes such as motor vehicle, fire, and health insurance [72][80] - Insurers faced higher claims costs, with gross claims payments increasing by around 17% in nominal terms in 2023 [88][94] 3. Life Sector Performance - Life sector premium growth remained stable overall, with some jurisdictions experiencing declines due to higher interest rates impacting consumer choices [25][26] - The demand for annuity products increased in a higher interest rate environment, while some customers surrendered policies for alternative investments [24][25] 4. Investment Performance - Insurers achieved positive investment returns in real terms in about two-thirds of reporting jurisdictions, contrasting with negative returns in 2022 [32] - Developments in financial markets, including falling government bond yields and strong equity market performance, contributed to improved investment outcomes [26][32] 5. Profitability Trends - Insurer profitability improved in 2023, reversing previous negative performance, with gains in shareholder equity noted across many jurisdictions [27][33] - The implementation of new accounting standards (IFRS 17) in several jurisdictions impacted recorded liabilities and equity [33]