1、04Looking back:strong growth17 May 202310After the inflation shock14Looking ahead:dramatic change below the surface Anchor in Allianz Global Insurance Report 2023 Allianz Researchturbulent times 18Insurances role as anchor in turbulent times 2ExecutiveSummaryAllianz ResearchArne HolzhausenHead of In

2、surance,Wealth and T Michaela GrimmSenior EKathrin StoffelExpert Wealth Mwith the participation ofLucas ChakaResearch A Total global insurance premium income amounted to almost EUR5.6trn in 2022.Life remains the largest segment(EUR2.6trn),ahead of p&c(EUR1.8trn)and health(EUR1.1trn).Last year,the pr

3、emium pool grew by EUR259bn or+4.9%against the backdrop of a global inflation rate of 8.6%.However,the three segments fared very differently:While property and casualty(p&c)clocked robust growth of+8.7%,health expanded by a more modest+4.9%,and life insurance market growth was a dismal+2.4%:squeezed

4、 real household incomes took a toll on private savings.The rise in p&c premiums was driven by all regions around the globe.However,with EUR77.5bn(+9.9%),more than half of the global increase in 2022 came from North America alone;with premium income of EUR860bn,the region remains by far the largest m

5、arket worldwide.Asia,too,saw healthy growth of+8.4%last year(+EUR31bn).With total premium income of nearly EUR403bn,the region overtook Europe for the first time(+4.0%or EUR15bn to EUR397bn).Life insurance markets suffered last year,particularly in Western Europe:Premium income declined by almost-3%

6、in 2022(-EUR21bn to EUR740bn).Growth was disappointing in Asia,too,recording a modest increase of+3.6%(+EUR33bn to EUR952bn).As in p&c,North America was the main growth driver in 2022,adding EUR61bn in new premiums(+7.8%to EUR840bn).Americas dominance is even more pronounced in health,where the US m