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Saudi Arabia tops the opportunity index of global insurance industry, says Aon Benfield

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Saudi Arabia leads the country opportunity index in Aon Benfield Group Ltd.'s 2014 Insurance Risk Study, followed by Ecuador and Singapore, reports Saudi Gazette.

Aon Benfield said the property/casualty industry achieved a global underwriting profit in 2013, adding that property/casualty premium volume is likely to grow 18% in the next five years to $1.6 trillion by 2018. The report said insurance and reinsurance premium worldwide totaled $4.9 trillion in 2013, up 0.9% year on year.

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