Some Growing Opportunities In Speedy Systems Of Life Insurance

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and in many emerging markets, which will offset negative factors such as declining growth in the Chinese market. The Asian emerging markets are expected to have the greatest potential for growth. Indeed, Munich Re said that primary insurance premiums are expected to be equal to that of Western Europe within the next few years. The economies of many emerging markets, such as Brazil, but even Russia, are experiencing a significant recovery, said Michael Menhart, chief economist at Munich Re. This is leading to increased growth in property-casualty insurance. In most of the industrialized world in the eurozone, the U.S. and Japan demand has been bolstered by a solid economic environment. P/C Insurance During 2017 and 2018, premium volume in property and casualty insurance will grow an average of 4.0 percent (almost 2.5 percent in real terms), said Munich Re, explaining that projected inflation-adjusted growth will be about half a percentage point below global economic growth. The emerging markets of Asia, and increasingly the Middle East and North Africa (MENA) region, are likely to show the strongest growth rates, while the established markets of Europe and North Africa will see a much lower rate of expansion. Life Insurance In life insurance, premium growth, which is driven by growth markets in Asia and Latin America, is expected to increase by over 4.5 percent on average (3.0 percent in real terms), or somewhat more than economic growth. In the Asian emerging markets, growth will weaken following last years surge in premium volume in China, but it still will be significantly above 10 percent in real terms, Munich Re continued. In Latin America, premiums in life insurance are likely to grow by almost 8.5 percent (more than 6.5 percent in real terms) this year and next.

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