The Global Insurance Industry maintained steady growth in 2019 as premiums increased by 3.0% to $6.3tn after crossing the $5.0tn mark in 2018, representing 7.2% of Global GDP. Growth was supported by the improvement in both life and non-life insurance segments in China and the non-life segment in advanced markets. The non-life segment printed an impressive 3.5% growth in premiums to $3.4tn in 2019 while life insurance premiums grew by 2.2% to $2.9tn. Across regions, emerging

markets led the growth in premiums with China reporting 5.6% and 12.0% increase in life and non-life premiums respectively