2025年全球保险市场趋势

Global Insurance Market This work is published under the responsibility of the Secretary-General of the OECD. The opinions expressed andarguments employed herein do not necessarily reflect the official views of the Member countries of the OECD. This document, as well as any data and map included herein, are without prejudice to the status of or sovereignty overany territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area. The statistical data for Israel are supplied by and under the responsibility of the relevant Israeli authorities. The use ofsuch data by the OECD is without prejudice to the status of the Golan Heights, East Jerusalem and Israeli settlements in Please cite this publication as:OECD (2025),Global Insurance Market Trends 2025, OECD Publishing, Paris, https://doi.org/10.1787/0d11ecf4-en. ISBN 978-92-64-96166-1 (print)ISBN 978-92-64-80324-4 (PDF)ISBN 978-92-64-89757-1 (HTML) Global Insurance Market TrendsISSN 3006-8320 (print)ISSN 3006-8339 (online) Photo credits:Cover © Volkan ISIK/Getty Images. Corrigenda to OECD publications may be found at: https://www.oecd.org/en/publications/support/corrigenda.html.© OECD 2025 Attribution 4.0 International (CC BY 4.0) Foreword This 2025edition of the OECD’s Global Insurance Market Trends provides an overview and assessmentof developments in the insurance industry in2024using data from the OECD Global Insurance Statistics The OECD collectsandanalysesdata on insurance marketsglobally through quantitative and qualitativeinformation provided by national authorities.Thisincludesinsurance premiums and payments,portfolio The geographical reach of theGISdatabase has expandedover time. In addition to OECD countries,italso covers a number of non-OECD Latin American (throughco-operationwith the Association of LatinAmericanInsurance Supervisors,ASSAL),Asian and other jurisdictions.This edition covers 67 TheGlobal Insurance Market TrendsreportandGISdatabaseprovidea rich source of comparable cross-country data on insurance markets. They provide a comprehensive source of information that can be used This reporthas beendeveloped by the Capital Markets and Financial Institutions Division of the OECDDirectorate for Financial and Enterprise Affairs. Itwas prepared byAyşe Pınar Demirunder the supervisionofPablo Antolin,Head of the Insurance and Pensions Unit, andSerdar Celik,Head ofDivision.Timothy Table of contents 3 Foreword Executive summary 1 Insurance penetration 1.1. The level of insurance penetration increased in 2024, but remains below its level ten yearsago 2 Underwriting performance in the non-life insurance sector 2.1. While slowing, growth in non-life premiums remained significant2.2. Growth in non-life insurance claims moderated compared to last year2.3. Underwriting profitability in non-life sector improved as premiums grew more than claimspayments 3 Premium and payout trends in the life insurance sector 3.1. The life sector witnessed relatively strong premium growth in 20243.2. Growth of claims payouts in the life sector decreased compared to last year 4 Investment performance in the insurance sector 4.1. Bonds still accounted for more than half of the assets held by insurers4.2. Favourable trends in equity markets increased investment profits of insurers 5 Profitability in the insurance sector 5.1. The profitability of insurers broadly improved in 20245.2. Positive insurer profitability was reflected in the growth of shareholder equity 6 Risks and vulnerabilities for the insurance sector 6.1. Risks and vulnerabilities for the insurance sector 5 39 References Annex A. Statistical tables41 Notes55 FIGURES Figure1.1. Insurance penetration, average among reporting jurisdictions, 2014-2024Figure1.2. Insurance penetration rates by jurisdiction, life and non-life insurance, 2024Figure1.3. Insurance penetration rates, total, life and non-life, 2014-2024Figure2.1. Annual growth rates of direct gross premiums written in the non-life sector in 2024Figure2.2. Nominal growth rate of the price of insurance policies in selected OECD countries in 2024Figure2.3. Annual growth rates of gross claims payments in the non-life sector in 2024Figure2.4. Combined ratio for the non-life sector in 2023 and 2024Figure2.5. Retention ratios in the non-life sector in 2023-2024Figure2.6. A possible virtuous cycle of positive underwriting results in insurance sectorFigure3.1. Annual growth rates of direct gross premiums written in the life sector in 2024Figure3.2. Sensitivity of life insurance products to rising interest ratesFigure3.3. Annual growth rates of life gross claims payouts in 2024Figure4.1. Average asset allocation of domestic life, non-life and composite insurers among reportingjurisdictions, at end-2024Figure4.2. Average real net investment rates of return by type of domestic insurer, 2024Figure5.1. Return on equity by type of insurer in 2024 TABLES TableAA.1. Total insurance