Global property and casualty premiums to rise by 3% in 2016 and 2017: Swiss Re

Kurt Karl, chief economist at Swiss Re Ltd., said that property/casualty insurance premiums are expected to rise by around 3% globally in 2016 and 2017, 1asig.ro reports.

The growth will be driven by the emerging markets, where premiums are forecast to grow by 7%.

Meanwhile, premiums in advanced markets are expected to grow by 2%.

Cyber, supply chain and liability risks are expected to offer growth opportunities whereas commercial insurance segment is under pressure, said Mr. Karl.

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