10 Biggest Industries in the World in 2024

9. Diversified Insurance 

Market Capitalization: 1693.72 billion

The industry has demonstrated resilience, particularly in response to the pandemic and geopolitical events. However, it faces challenges like rising inflation, interest rates, and loss costs. There’s a focus on emerging exposures such as cryptocurrencies and the metaverse, with life insurers emphasizing digital enhancements and new customer segments. The sector is also experiencing significant activity from private equity firms acquiring insurance agencies.