Global insurance market poised for strong growth: Munich Re studyReprints
A new study by Munich Reinsurance Co. has indicated that the global insurance market will see solid growth through 2020 as emerging nations gather speed, reported Artemis.bm.
However, growth in the reinsurance market will not be as fast, the study revealed. Munich Re expects the property/casualty insurance market to grow by 50% reaching €1.85 trillion ($2.39 trillion) by 2020. The study also forecasted insurance and reinsurance growth to be considerably stronger in emerging economies.