Global insurance trends
Less than 5% of people insured across Asia & Oceania
Microinsurance in Asia and Oceania has continued to grow at up to 40%, but more than 95% of the population remain without cover, new research has found. […]
Asia-Pacific
Global insurance trends
Global insurance premium growth increases
Swiss Re has reported a 2.3% rise in global non-life premium growth, with a gradual hardening of rates likely to broaden and deepen. In its latest study, the reinsurer said overall premium volume expanded across […]
Global insurance trends
2012 Cat losses to reach $125bn says Swiss Re
Total insured losses from natural catastrophes and man-made disasters will reach approximately US$125 billion in 2012, according to Swiss Re’s latest preliminary estimates. The reinsurance giant reported today that natural catastrophes alone caused the loss […]
Global insurance trends
Lloyd’s emerging market expansion given thumbs up
The Lloyd’s insurance market’s planned expansion into emerging markets is a net positive, even though writing insurance outside of established markets carries additional risks, according to Fitch Ratings.
Fitch said it expects the economic development of emerging market economies to boost demand for insurance and reinsurance. Lloyd’s already writes 25% of its business outside of Europe and North America, with the growth of insurance premiums outpacing that of developed markets. […]