Global non-life market will surpass $2.7tr by 2020
Wednesday, 03 15 2017, Category: Insurance and Reinsurance, Country: World
The global non-life insurance market has experienced strong growth in recent years, registering a compound annual growth rate (CAGR) of 5.4 percent between 2011 and 2015 to reach a value of $2.03 trillion, according to data from research company MarketLine.
The company's report shows that market values have increased in all regions. Global growth, however, is primarily driven by healthy revenue increases in the US and China, both ranking in the top three markets globally.
Source: Intelligent Insurer