Expected growth for global insurance in 2015
The positive trend will be widely supported by the emerging markets. In 2015, these markets should show respective growths of 8% and 10.4% for life and non-life insurance, against 9.1% and 5.5% in 2014.
The mature markets should record a more modest evolution with increases of 3% and 1.4% for life and non-life insurance against 3.9% and 1.7% this year.
As regards reinsurance premiums, Swiss Re forsees a 0.3%-growth for life class, and a decrease of 1% for non-life sector in 2015.
Note that, according to the Zurich reinsurer, Africa and Middle East will both have an increase of 6% in 2015, in terms of non-life insurance premiums.
Premium evolution
| 2012 | 2013 | 2014E | 2015F | |
|---|---|---|---|---|
| Non-life insurance | ||||
Mature markets | 1.8% | 1.9% | 1.7% | 1.4% |
Emerging markets | 8.5% | 8.2% | 5.5% | 8.1% |
World | 3.0% | 3.1% | 2.5% | 2.8% |
| Life insurance | ||||
Mature markets | 2.1% | -1.5% | 3.9% | 3.0% |
Emerging markets | 5.5% | 4.5% | 9.1% | 10.4% |
World | 2.6% | -0.5% | 4.8% | 4.3% |
| Non-life reinsurance | ||||
Mature markets | 4.3% | 0.3% | -0.5% | 0.3% |
Emerging markets | -1.0% | 6.6% | 15.9% | -4.6% |
World | 3.1% | 1.7% | 3.5% | -1.0% |
| Life reinsurance | ||||
Mature markets | 0.6% | -0.7% | 0.8% | -0.2% |
Emerging markets | -3.8% | 5.0% | 0.3% | 6.7% |
World | 0.3% | -0.3% | 0.8% | 0.3% |
