In 2024, the industry's DWP stood at $94.7 billion, with expectations to reach $102.8 billion in 2025. The anticipated growth is attributed to heightened consumer awareness and the need for comprehensive insurance solutions amid escalating climate-related events.
Personal accident and health insurance currently represent the largest segment, accounting for 34.2% of DWP in 2024. This trend is expected to continue, with property and motor insurance also contributing significantly to the industry's expansion.
For beauticians and small business owners in the beauty industry, this growth underscores the importance of securing appropriate insurance coverage. As natural disasters become more prevalent, the risk of property damage and business interruption increases, making comprehensive insurance policies essential for safeguarding assets and ensuring business continuity.
Staying informed about industry trends and understanding the factors driving premium increases can aid beauty professionals in making informed decisions about their insurance needs. Engaging with insurers who offer tailored solutions for the beauty sector can provide peace of mind and financial protection against unforeseen events.
Published: Tuesday 3rd February, 2026
Please Note: If this information affects you or is relevant to your circumstances, seek advice from a licensed professional.
