Sign Up
Login

McAP of top 25 global insurers grows by 2.7% to $2.79trn

Written by Adam Cadle
18/01/2024

The aggregate market capitalisation (McAP) of the top 25 global insurers grew by 2.7% to $2.79trn QoQ during Q4 ended on 31 December 2023, GlobalData has said.

The Life Insurance Corporation of India (LIC) saw an impressive 27.9% surge in market capitalisation during Q4 2023, and Allstate Corp observed a YoY surge in total revenue during the fiscal Q3 ended on 30 September 2023 to $14.5bn. Simultaneously, its cash balance escalated to $860m, marking a 16.8% increase from $736m reported on 31 December 2022.

Murthy Grandhi, company profiles analyst at GlobalData, concluded: “For Q1 2024, GlobalData foresees the global insurance industry could be choppy with a potential global slowdown and volatile reinsurance costs. Continued demand for life and cyber coverage, China's reopening, and the adoption of insurtech could push the industry forward.

“However, natural disasters, regulatory waves, and the ongoing Red Sea crisis may present unpredictable headwinds. Insurers who adapt, diversify, and manage risks are best positioned to ride the tide towards potential growth in this uncertain quarter.”


Share Story:

Related Articles

  There are no related documents to show at this time.

Impact Investing roundtable

A Different Approach to Direct Lending
Adam Cadle talks to HSBC Asset Management’s head of direct lending UK & Europe, Tom Green, and head of insurance business, Deepak Seeburrun, about the firm’s direct lending proposition.

Absolute Return Fixed Income roundtable

European Loans roundtable

Portfolio optimisation in today’s challenging market environment
Adam Cadle speaks to Dr Laura Ryan, Head of Research at Ardea Investment Management, about the firm’s insurance asset allocation optimisation tool and the reasons for developing it
Most read stories...
The role ETFs can play in the ESG journey for insurers
Justin Wheeler, Head of UK iShares Asset Owner Distribution at BlackRock, and Mark Guirey, Head of EMEA Insurance Segment and UK Asset Owner Client Coverage at MSCI, discuss the drivers behind growth in this area, market reactions to COVID-19, and the role of indexing
World Markets (15 minute+ time delay)

Pictet-roundtable

BNP Paribas roundtable

ETFs roundtable

Iame roundtable May 2018

iame-roundtable2017