That amounted to an average of $379 for each of the world’s 7.7 billion people, and about 3.35% of the world’s $87 trillion in total gross domestic product (GDP).

 

Resources

  • A copy of the new Swiss Re world insurance market review is available here.
  • An article about an earlier Swiss Re world insurance market review is available here.

World life and annuity premium spending increased just 1.2% between 2018 and 2019, as world GDP increased 2.6%.

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