Insurance, emerging markets will be driving growth in 2014 and 2015

According to a survey conducted by Swiss Re and published in "Global insurance review 2013 and outlook 2014/2015" , the global insurance market will be driven by emerging markets over the next two years.
Photo credit: Caseman (modified picture)

The economic recovery that began in 2013 is poised to continue and sustain demand for insurance. Growth in non-life insurance for developed markets is estimated at 2%, compared to 8% for emerging countries. The average profitability of insurers will attain 10% versus 14% in 2012. In life insurance the turnover will grow by 4% on average due to the influence of developing countries.

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