Emerging markets key to insurance growth
Saturday, 05 21 2016, Category: Insurance and Reinsurance, Country: World
Emerging markets are expected to be the next source of insurance premium growth through the next decade, with the majority of increased penetration occurring in Asian countries, according to reinsurance giant Munich Re.
Germany domiciled reinsurer Munich Re feels that the outlook for the global insurance industry has improved over the last 12 months, despite certain, difficult economic situations.
As a result, overall, the firm expects global insurance premium growth to exceed economic growth over the next ten years, with the majority of this growth coming from emerging markets, such as Asia.