How many life insurance policies are sold each year?
27.8 million life insurance policies
According to the latest Sigma report, the global insurance market increased by 4% in 2017. Premiums reached 4 891 billion USD against 4 703 billion USD one year ago. Non life insurance recorded a 5.3% growth at 2 234 billion USD while the life insurance business reported a slight increase of 2.9% at 2 657 billion USD.
Also, How many insurance companies are there in the world?