23May202404111721Lookingback:LifeisbackThechangingriskland-Lookingahead:Thenextfrontier:GenAIscapeDefendingitsrelevanceAllianzResearchTransformativeyearsaheadfortheinsurancesectorAllianzGlobalInsuranceReport2024AllianzResearchExecutiveSummary•Theglobalinsuranceindustrygrewbyanestimated+7.5%in2023,clockingthefastestgrowthsince2006,theyearbeforetheGlobalFinancialCrisis.Inall,insurersworldwidecollectedEUR6.2trninlife(EUR2,620bn),p&c(EUR2,154bn)andhealth(EUR1,427bn)insurancepremiums.ArneHolzhausen•Overthelastthreeyears,globalpremiumincomeincreasedbyawhoppingHeadofInsurance,WealthandTrendResearchEUR1.1trnor+21.5%.However,therobustdevelopmentmustbeseenagainst...
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