In its report "Economic Research May 2016," Munich Re has reported that emerging countries will generate one quarter of the global insurance premiums by 2025. Asia will act as a driver in this breakthrough with China poised to become the second largest insurance market after the United States.
According to the study of the German reinsurer, the global insurance sector is expected to grow by 4% over the next two years. Non-life premiums would experience the same trend. Life underwritings, however, should increase by 4.5% with a sharper growth in developed markets.
For 2016, Munich Re is expecting a 10% increase in global sales following a strong demand for insurance.
Let’s remind that in 2015, the United States, Japan and China headed he global insurance market.