Emerging Asian markets to post highest insurance growth in 2016 and 2017: Swiss ReReprints
Swiss Re Ltd. has said in a recent report that emerging Asian markets will register the highest growth – 12% – in the nonlife segment in 2016 and 2017, Asia Insurance Review reports.
Emerging markets, including Asia will be the main drivers of nonlife insurance growth, said the report. Nonlife insurance in emerging markets will increase by 7.9% and 8.7% in 2016 and 2017, respectively. Global premium growth is expected to improve from 2.5% in 2015 to 3% in 2016 and 3.2% in 2017.