From 2017 to 2023, the global motor vehicle insurance market grew by 22 percent. It is forecasted to grow by only about 12 percent between 2023 and 2028, reaching nearly a total gross written premium of 2.15 trillion U.S. dollars.
Value of motor vehicle insurance gross written premiums worldwide from 2017 to 2023, with forecasts from 2024 to 2028
(in trillion U.S. dollars)
Characteristic
Value in trillion U.S. dollars
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Statista. (March 1, 2024). Value of motor vehicle insurance gross written premiums worldwide from 2017 to 2023, with forecasts from 2024 to 2028 (in trillion U.S. dollars) [Graph]. In Statista. Retrieved July 27, 2024, from https://www.statista.com/statistics/1475386/forecast-global-motor-vehicle-insurance-market/
Statista. "Value of motor vehicle insurance gross written premiums worldwide from 2017 to 2023, with forecasts from 2024 to 2028 (in trillion U.S. dollars)." Chart. March 1, 2024. Statista. Accessed July 27, 2024. https://www.statista.com/statistics/1475386/forecast-global-motor-vehicle-insurance-market/
Statista. (2024). Value of motor vehicle insurance gross written premiums worldwide from 2017 to 2023, with forecasts from 2024 to 2028 (in trillion U.S. dollars). Statista. Statista Inc.. Accessed: July 27, 2024. https://www.statista.com/statistics/1475386/forecast-global-motor-vehicle-insurance-market/
Statista. "Value of Motor Vehicle Insurance Gross Written Premiums Worldwide from 2017 to 2023, with Forecasts from 2024 to 2028 (in Trillion U.S. Dollars)." Statista, Statista Inc., 1 Mar 2024, https://www.statista.com/statistics/1475386/forecast-global-motor-vehicle-insurance-market/
Statista, Value of motor vehicle insurance gross written premiums worldwide from 2017 to 2023, with forecasts from 2024 to 2028 (in trillion U.S. dollars) Statista, https://www.statista.com/statistics/1475386/forecast-global-motor-vehicle-insurance-market/ (last visited July 27, 2024)
Value of motor vehicle insurance gross written premiums worldwide from 2017 to 2023, with forecasts from 2024 to 2028 (in trillion U.S. dollars) [Graph], Statista, March 1, 2024. [Online]. Available: https://www.statista.com/statistics/1475386/forecast-global-motor-vehicle-insurance-market/