Global insurance premium volumes reached a new benchmark high of US$5 trillion in 2018, according to the Swiss Re Institute’s report, World Insurance: The Great Pivot East Continues, but that doesn’t mean all is well for insurance sectors in every part of the world.
China and Asia-Pacific more broadly will continue to dominate when it comes to global economic growth as well as insurance demand, predicted the report, though the US and Canada, alongside well-developed economies in Asia-Pacific will come out on top in non-life premium growth.
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