Question

    Which region saw a 0.9% decline in global insurance

    premiums in 2024, marking the first drop since 2017?
    A United States Correct Answer Incorrect Answer
    B Germany Correct Answer Incorrect Answer
    C China Correct Answer Incorrect Answer
    D India Correct Answer Incorrect Answer
    E Global insurance market Correct Answer Incorrect Answer

    Solution

    Global insurance premiums fell by 0.9% in 2024 due to increased competition after years of rate hikes. This decline comes after insurers raised premiums in previous years due to losses from wars, natural catastrophes, and inflation.

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