The insurance industry is a global powerhouse that boasts some of the world’s largest companies. Even with increased competition, challenging pricing environments and increased M&A activity, the global industry continues to grow.
In the US, insurance is responsible for booming job numbers as intermediaries continue to lead the way in importance.
The soft market continues to hang over the industry, but some major players are predicting a better market within two years.
As the industry continues its global spread, can the US stay on top, or will emerging markets abroad become the new focus of the industry?
Emerging markets
Munich Re’s ranking of the top global insurance markets, projected out to 2025, forecasts that the US will hold onto the number-one spot for at least another decade – but China and other developing nations are closing in fast as more established markets drop off
Source: Munich Re Insurance Market Outlook, 2015
