Global insurance is booming

According to the latest Sigma report, the global insurance market recorded in 2015, a growth of 3.8%, that is a 1.3 point higher than the world GDP (2.5%).

This performance is particularly acounted for by the development of insurance in the emerging countries (+ 10%).

Emerging Asia achieved an unprecedented growth of 15.5%. The North American market increased , for its part, by 3.5% while Europe reported a modest growth of 1.4%.

According to the same source, the growth of the global insurance market is partly due to lower costs of natural catastrophes. In 2015, the latter cost 92 billion USD, against 113 billion USD in 2014 and 192 billion USD on average during the past decade.

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