Article ID: 0c93ab96a5806309f022a83a65cefe842133186ba3430da1346223052d3bfeb8
Source ID: secondary:businessinsurance.com
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Extraction Method: bs4_heuristic
URL: https://www.businessinsurance.com/property-casualty-growth-slows-as-pricing-normalizes-allianz/
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Property/casualty growth slows as pricing ‘normalizes’: Allianz - Business Insurance Skip to content Register for free Search Search Log In Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Property/casualty growth slows as pricing ‘normalizes’: Allianz by Commercial Risk Europe P/C Insurers , P/C Pricing Allianz May 29, 2026 Global property/casualty premiums rose 3.8% last year, compared with 8.5% in 2024 and the ten-year average of 5.6%, as pricing cycles “normalized” and claims inflation began to stabilize, according to a report released Thursday by Allianz. North America remained the industry’s dominant property/casualty region, accounting for 52% of the market, but growth slowed sharply to 2.2%, down from 9.7% the previous year. Western Europe grew by 5.3%, while the Asian market expanded by only 4%, the report said. Across all lines, the global insurance industry grew 7.1% last year to €6.87 trillion ($7.98 trillion), adding €456 billion to the premium pool. Life insurance remained the largest segment at €2.86 trillion, followed by property/casualty at €2.32 trillion and health at €1.69 trillion. Allianz said global premium growth is “cooling” after “exceptional” recent performance but is “far from slowing into weakness”. It expects the global insurance market to grow at an annual rate of 5.3% over the next ten years, slightly above the rate of economic output. The insurer predicts a 4.7% global annual growth rate for P&C over the next decade. “The segment will show solid growth rates in almost all markets, as the increasing need for protection is a global phenomenon,” Allianz said. (Commercial Risk Europe is a sister publication of Business Insurance. For more stories, click here .) Related News The BI Top 10 for the week of May 25, 2026 May 29, 2026 Acrisure scores win in poaching dispute with Howden May 28, 2026 Gallagher, MGA FloodFlash partner on parametric insurance May 28, 2026 Australia sues 3M for $1.4B over PFAS ‘forever chemicals’ contamination May 28, 2026 Inflation drives faster growth in comp medical prices: study May 28, 2026 Low double-digit rate decreases at June reinsurance renewals: Guy Carpenter May 28, 2026 Alliant names former Brown & Brown execs as EVPs in M&A May 28, 2026 Patagonia hits slippery trail on lawsuit May 28, 2026 The Hartford names head of ocean marine US May 28, 2026 Facebook-f X-twitter Linkedin-in Business Insurance is a singular, authoritative news and information source for executives focused upon risk management, risk transfer and risk financing. Never miss important news: Become a Business Insurance Online subscriber today Subscribe Now Information About Us Contact Advertise Privacy Policy Terms & Conditions Copyright 2026. BUSINESS INSURANCE HOLDINGS Member, Beacon International Group, Ltd.
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