Scope for reinsurance growth in frontier markets
Thursday, 05 12 2016, Category: Insurance and Reinsurance, Country: World
Boosting insurance and reinsurance penetration in emerging markets is seen as key to building global disaster resilience and creating opportunities for re/insurers. But there’s also scope for companies to seriously look at expanding coverage in frontier markets, according to reinsurance giant Swiss Re.
Frontier markets are typically smaller, less well-developed markets when compared to emerging markets such as China, India, and Brazil, and include countries within Sub-Saharan Africa, the Commonwealth of Independent States, the Middle East, and Southeast Asia.