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…
Read MoreInsurance industry growth is anticipated to continue through 2020
