World Business Council






INSURANCE

Chair

The insurance sector provides risk management and financial protection across various industries. The market is evolving with advancements in technology, personalized insurance products, and a growing focus on sustainability.

The WBC Insurance Council is committed to enhancing the resilience and adaptability of the insurance industry. By bringing together insurers, regulators, and technology innovators, the Council addresses challenges such as climate risk, regulatory compliance, and consumer trust. It promotes best practices in underwriting and claims management and supports initiatives that foster financial literacy. Looking ahead, the Council aims to advocate for innovative insurance solutions, enhance digital capabilities in policy management, and drive efforts to integrate sustainability into insurance products.



GLOBAL
Market Size
$ 5 Tr.

United States

Business Volume: $1.5 Tr.

 

China

Business Volume: $600 B

 

Japan

Business Volume: $500 B

Germany

Business Volume: $400 B

 

United Kingdom

Business Volume: $350 B

 

India

Business Volume: $200 B

France

Business Volume: $180 B

 

Italy

Business Volume: $150 B

 

Brazil

Business Volume: $130 B