The global financial management insurance market is projected to see steady growth in the coming years, rising from $5.47bn in 2025 to $7.16bn by 2029, according to The Business Research Company.
This reflects a compound annual growth rate (CAGR) of 7%.
In 2024, the market was valued at $45.09bn, marking a 7.3% growth rate.
The expansion is driven by increasing demand for retirement planning products, greater awareness of financial security, rising middle-class incomes, broader insurance distribution networks, and supportive government tax incentives.
Future expansion of the market is expected to be supported by rising demand for comprehensive financial planning, greater flexibility in insurance offerings, and increasing interest in integrated financial advisory services.
North America accounted for the largest share of the market in 2024, while Asia Pacific is projected to record the fastest growth over the forecast period.