INSURANCE AND EMERGING MARKETS.

• Author: O'Rourke, Morgan
• Position: FINDINGS - Brief article

Emerging markets are expected to be die main driver of growth in the global economy and insurance industry over the next 10 years, according to a recent Swiss Re sigma report. In fact, the seven largest emerging markets--China, India, Brazil, Russia, Mexico, Indonesia and Turkey--will contribute up to 42% of global growth, with China alone accounting for 27%. The report also forecasts that the emerging market share of global insurance premiums will increase by about 50% over the next decade, growing four times faster than advanced markets. In emerging Asian countries, the premium growth rate is...