Swiss Re sees 50% of growth from emerging markets
Saturday, 04 23 2016, Category: Insurance and Reinsurance, Country: Switzerland
Swiss Re expects around half of its revenue growth in the coming decade to come from emerging markets, its chairman told the reinsurer's annual shareholder meeting on Friday.
"Take the example of emerging markets. Our premium volume in these markets has increased in the last ten years from around 8 percent in 2005 to well over 20 percent," Walter Kielholz told investors, according to prepared remarks.
"And we expect around 50 percent of top-line growth and incremental capital requirements will come from emerging markets in the next ten years."