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Energy and power insurance sector to continue to grow

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A white paper by Bahrain-based reinsurer Trust International Insurance & Reinsurance Company B.S.C. has said that energy and power insurance will remain a "growth business" with world energy demand projected to increase by up to 50% over the next 25 years. The energy and power sector is expected to receive investments of around $70 trillion by 2040, with particularly steep growth expected in insurance premiums, Middle East Insurance Review reported. Energy insurance premiums totaled around $14.2 billion, while power insurance premiums came in at about $9.4 billion in 2014.

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