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)
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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 January 24, 2025, from https://www.statista.com/statistics/1475386/forecast-global-motor-vehicle-insurance-market/?__sso_cookie_checker=failed
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 January 24, 2025. https://www.statista.com/statistics/1475386/forecast-global-motor-vehicle-insurance-market/?__sso_cookie_checker=failed
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: January 24, 2025. https://www.statista.com/statistics/1475386/forecast-global-motor-vehicle-insurance-market/?__sso_cookie_checker=failed
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/?__sso_cookie_checker=failed
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/?__sso_cookie_checker=failed (last visited January 24, 2025)
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/?__sso_cookie_checker=failed
