Fri, 05/05/2017 - 21:22
Improving economic growth in developed and emerging markets is expected to stimulate growth in the global insurance industry by 2018, which, suggests a need for greater reinsurance support and an opportunity for insurance-linked securities (ILS) to continue expanding into new peril regions.
The expectation of global insurance industry growth by 2018, albeit it projected to be slight, comes from reinsurance giant Munich Re. The reinsurer expects to see better economic prospects in the U.S. and emerging countries, which it feels will offset the expectation of insurance industry growth decline in the Chinese marketplace.
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