Non-life growth highlights ILS influence
Saturday, 07 02 2016, Category: Insurance and Reinsurance, Country: World
Swiss Re has revealed that the advanced markets of the world recorded solid non-life insurance and reinsurance premium growth in 2015, while overall, the sector’s capitalisation remains strong.
ILS, with its focus on non-life markets was likely a contributor to the expansion of non-life markets in 2015, and has an opportunity to deepen its relationship with the global non-life re/insurance space.
Advanced non-life markets, with the exception of Oceania, which remained flat (0.1%), all recorded insurance and reinsurance premium growth in 2015, ranging from 4.1% in advanced Asia, 3.2% in North America, to 1.5% in Western Europe.