Asian insurance mkts set to grow at faster rate: Swiss Re

Insurance and reinsurance will continue their recoveries in 2010, based on the assumption of a U-shaped recovery . Balance sheets will further strengthen and profits will increase. Growth will be positive but quite sluggish both in life and non-life insurance, according to Swiss Re economists. Insurance lines in emerging Asian markets are expected to grow much more robustly than in the developed economies, they pointed out. The global economy grew in the second half of 2009, but the recovery is fragile. Growth will generally be below trend in the major economies in 2010, but will accelerate modestly in 2011. Monetary policy ...

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