India's insurance sector has firmly established itself on the global stage. According to the Swiss Re Sigma Report (No. 2/2025), India remained the 10th largest insurance market in the world by nominal premium volumes in 2024, with a global market share of 1.8%.
Growth Trajectory
The Swiss Re analysis projects mid-term annual premium growth at 6.9% between 2026 and 2030, making India the strongest growing major insurance market — outpacing China (~4%), the US (~2%), and Western European markets.
Sources: Swiss Re Sigma Report (No. 2/2025), Swiss Re India Outlook (January 2026)