Global Specialty Insurance combined ratio vs Insurance premium growth (real)

In 2025, global Specialty Insurance combined ratio stood at 85.9%, against 3.9% for insurance premium growth (real).

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Global, spaced by time. Both series are in %, so they share one axis; the legend names each line.

Global Specialty Insurance combined ratio and Insurance premium growth (real)

Unit: % · 6 observations

2 series · one axis

Forecast: dashed line, hollow markers, shaded band No figure published for these periods

Global Specialty Insurance combined ratio and Insurance premium growth (real): GlobalGlobal Specialty Insurance combined ratio and Insurance premium growth (real). 2 indicators on one axis: Global Specialty Insurance combined ratio, Insurance premium growth (real). 6 observations from 2019–2023 to 2026, ranging from 1.6% to 93.6%, of which 1 are forecasts. Latest values: Global Specialty Insurance combined ratio 85.9% (2025); Insurance premium growth (real) 2.3% (2026). % 0 20 40 60 80 100 2019 2020 2021 2022 2023 2024 2025 2026 FORECAST 86% Global Specialty Insurance combined ratio Insurance premium growth (real) 2.3%
Global Specialty Insurance combined ratio and Insurance premium growth (real): GlobalGlobal Specialty Insurance combined ratio and Insurance premium growth (real). 2 indicators on one axis: Global Specialty Insurance combined ratio, Insurance premium growth (real). 6 observations from 2019–2023 to 2026, ranging from 1.6% to 93.6%, of which 1 are forecasts. Latest values: Global Specialty Insurance combined ratio 85.9% (2025); Insurance premium growth (real) 2.3% (2026). % 0 30 60 90 120 2019 2020 2021 2022 2023 2024 2025 2026 FORECAST 86% Global Specialty Insurance combined ratio Insurance premium growth (real) 2.3%
Global Specialty Insurance combined ratio and Insurance premium growth (real): GlobalGlobal Specialty Insurance combined ratio and Insurance premium growth (real). 2 indicators on one axis: Global Specialty Insurance combined ratio, Insurance premium growth (real). 6 observations from 2019–2023 to 2026, ranging from 1.6% to 93.6%, of which 1 are forecasts. Latest values: Global Specialty Insurance combined ratio 85.9% (2025); Insurance premium growth (real) 2.3% (2026). % 0 30 60 90 120 2019 2020 2021 2022 2023 2024 2025 2026 FORECAST 86% Global Specialty Insurance combined ratio Insurance premium growth (real) 2.3%
View the underlying data
Global Specialty Insurance combined ratio and Insurance premium growth (real): Global
Indicator Period Type Value
Global Specialty Insurance combined ratio 2025 Actual 85.9%
Global Specialty Insurance combined ratio 2024 Actual 93.6%
Insurance premium growth (real) 2026 Forecast 2.3%
Insurance premium growth (real) 2025 Actual 3.9%
Insurance premium growth (real) 2024 Actual 5.2%
Insurance premium growth (real) 2019–2023 Actual 1.6%
Source: Munich Re, Swiss Re · CC BY 4.0 · Global Specialty Insurance combined ratio · Insurance premium growth (real)

Shared periods

Side by side

Only 2 periods are published for both series. Comparing anything else would mean comparing different years.

Period Global Specialty Insurance combined ratio Insurance premium growth (real)
2024 93.6% 5.2%
2025 85.9% 3.9%

Provenance

Where these numbers come from

Global Specialty Insurance combined ratio

Sum of claims and expenses divided by net insurance revenue in Global Specialty Insurance.

2 observations in Global · source organisations: Munich Re

Insurance premium growth (real)

Annual real (inflation-adjusted) growth rate of total insurance premiums across life and non-life business.

4 observations in Global · source organisations: Swiss Re

Data published under CC BY 4.0. Series A as JSON · Series B as JSON

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