Global Insurance to a sustained growth by 2018

The global insurance market should know more growth by 2018. According to Munich Re forecasts, the overall premium amount, without adjusting for the effect of inflation, would increase at an average rate of 4.5% in 2017 and 2018, compared with the 3% in 2016. Receipts should reach 4560 billion EUR (4805 billion USD) in 2018 compared to the 4180 billion EUR (4404 billion USD) in 2016.

The rise in contributions in the emerging countries of Asia and South America is expected to offset the expected slowdown in the Chinese insurance market.

Improved economic conditions would also benefit Brazil and Russia. The major industrialized countries, the Euro zone, the United States and Japan should benefit from a strong economic environment.

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