Tag: Insurance industry growth

Worldwide property and casualty insurance market to break $895 billion in 2018

H. Cutner
Property and Casualty Insurance

Finnacord has now released the results of a research study looking into the future of the commercial P&C market. According to the outcomes of a research study conducted by the Finaccord financial research firm, by the close of the year 2018, the global commercial property and casualty insurance market will break the $895 billion mark in gross written premiums. It also pointed out that commercial liability coverage premiums would see the fastest growth rate. By the end of 2014, the worldwide commercial non-life premiums for property and casualty insurance were…

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Insurance market in Latin America to continue rapid growth

H. Cutner
insurance industry growth

This geographical segment of the marketplace is expected to maintain its fast increases, despite industry challenges. According to a recent statement that was made by Alan Murray, senior vice president at Moody’s, Latin America will continue to be one of the most rapidly growing insurance market regions on the globe. This, despite the fact that the insurance industry is expected to have to face certain hurdles along the way. Over the last ten years, Latin America has continued to hold the top spot as the most rapidly growing insurance market,…

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Insurance industry growth is anticipated to continue through 2020

H. Cutner
Insurance Industry 2020

Munich Re predicts that the strength of the sector will continue on over the next 7 years. According to the Insurance Market Outlook 2013, which was just released by Munich Re, the global insurance industry will continue with strong growth over several years to come, especially in emerging nations. The report showed that there will be slower growth in reinsurance than in the primary coverage sector. The chief economist at Munich Re, Michael Menhart, said about the insurance industry’s future, that “The global economic recovery is also benefiting the insurance…

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Insurance industry premium growth will be driven by Asia-Pacific markets

H. Cutner
Asia Pacific Insurance Industry Growth

Recent predictions show that by the year 2020, the income from that region’s premiums will have doubled. The results of a new study from the Economic Research Department at Munich Re have shown that by the year 2020, the insurance industry premiums income from the Asia-Pacific region will have doubled their current size. Until that year, nearly half of the estimated additional worldwide primary premiums will come from that region. This equates to approximately €1 trillion, which will be generated by the Asia-Pacific insurance industry. The report on the findings…

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European insurance industry sees major promise in the east

China insurance market news

European insurance industry sets sights on China Many sectors in the global insurance industry have been experiencing exceptional growth in recent years. For European insurance giants, Asia is becoming the most attractive market in the world. Prudential, the largest insurer in Europe, claims that the best investments that the insurance industry can make are in Asia. Prudential CEO Tidjane Thiam notes that China, in particular, is home to the fastest growing sector of the insurance industry, making the country very attractive to investors despite some of the restrictions imposed on…

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