Asian emerging economies to drive global insurance market growth: Munich Re

A study by Germany-based Munich Reinsurance Co. found that growth in Asian emerging economies will boost global insurance markets into 2018, balancing out a slowdown in China, Channel NewsAsia reports citing Agence France-Presse. Munich Re expects premiums to grow by nearly 3% in 2017 and 2018 to reach nearly €4.6 trillion ($5 trillion) in 2018. Property/casualty insurance is expected to grow by 2.5%, with strong support from Asia, Africa and the Middle East.

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