Magazine date:
Apr 2011 AM Best has revealed that insurers and reinsurers will benefit from the booming of the construction sector in the coming years. The future infrastructure construction projects are estimated at 1 000 billion by 2017. They will cover the area of fossil energy, construction of dams, roads and highways and skyscrapers.
The third party liability insurance especially the products third party liability, that of directors and officers (D & O), are in high demand. The motor class of business, which accounts for 43% of the market, will also report growth.