Insurance growth prospects

Despite the presence of a competitive market, the good prospective of the economy and the encouraging results of major insurers will allow to maintain a steady growth for the insurance business for the years to come. The International Monetary Fund is expecting an increase of the turnover of 6.4% in 2011 and 6.3% in 2012. The country benefits from a substantial domestic demand and from sustained exports to China and India in particular, which is likely to boost the insurance sector. Such perspectives are likely to attract foreign interests: last April, MS&AD acquired 50% of the life portfolio of the conglomerate Sinar Mas for 800 million USD.