Volume growth in the global premium
World insurance in 2010 Swiss Re sigma study has revealed that the volume of world insurance premiums increased by 2.7% in 2010, when linked to inflation. Premium growth in emerging markets continues to grow with significant growth, and premiums have increased in three-quarters of the 78 markets saw in the study.
Global life premiums increased by 3.2% to U.S. $2,520 billion, with a fairly strong performance in Europe and increased growth in Asian markets, although the U.S. and UK premiums did not fall. Global non-life insurance premiums grew by 2.1%, with Asian markets returned to lead the way and support the increased premium volume in the U.S. and Europe.
Daniel Staib, which is one of the authors of the new sigma study estimates that there is strong growth in 2011, despite slowing growth in Europe to know because a higher interest rate. The potential risk is classified as the greatest year euro zone sovereign debt crisis is ongoing and the possibility of a major oil shock. Last month Joe Plumeri, CEO of Willis, was suggesting that developing countries Brazil, Russia, India and China (BRIC) bias experiencing a golden age for insurance, because 2 billion people will be grouped into the global middle class.