Munich Re counts on strong growth of global insurance

The German group is optimistic about emerging markets. In terms of annual premiums growth, Asian countries will be the most active with a progression of 10.2% in the non-life insurance and 13.9% in life. Latin America is credited with an annual increase of 10% in life insurance.

In non-life insurance, Sub-Saharan Africa will increase annually by 5.8%. The West European countries will experience less than 2% growth per year in life insurance and 1.3% in non life. At the end of the decade, the United States, Japan and China are the dominant markets accounting for more than half of the global premiums. The percentage of premiums controlled by industrialized countries will decline sharply.