29 Nov 2018, Natalia Yanakieva, Acting Head of Editorial, EMIS
Emerging Asia Fuels Insurance Market, Swiss Re Says
Global insurance premiums are forecast to expand by around 3% annually in 2019 and 2020, while in emerging Asia the growth will be three times higher – close to 9%, Global Economic and Insurance Outlook 2020 by Swiss Re Institute said. The economic power shift from west to east will drive insurance sector development to 2020 and beyond. The insurance premium growth in the emerging markets is anticipated to average 4.9% as the growing wealth there means that any increase in GDP has a much deeper economic impact.
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Original source: FANews