Introduction to the Insurance Industry, Business and Industry Trends Analysis

¹ Video Tip For our brief video introduction to the Insurance industry, see www.plunkettresearch.com/video/insurance .   Insurance and risk management make up an immense global industry.  According to a survey conducted by a leading global insurance firm, Swiss Re, worldwide insurance premiums totaled $4.89 trillion in 2017 (the latest data available), up from $4.73 trillion in 2016.  This was equal to about 6.1% of global GDP.  Global life insurance premiums were $2.66 trillion during 2017, while all other types of insurance totaled $2.23 trillion. In America alone, the insurance business employed about 2.7 million people in 2018.  Gross life and…

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