Global insurance premiums down 1.1%, India sees growth

While the global insurance premium volume fell 1.1% on an inflation-adjusted basis in 2009, the premium growth in emerging markets remained positive, mainly driven by China and India. Though the global industry s profitability and capital recovered significantly, they have not yet reached pre-crisis levels. According to the latest Swiss Re sigma study, in most countries, insurance premiums grew faster than GDP in 2009, which shows the robustness of the industry. As credit and stock markets recovered, the industry s profitability and capital improved. For 2010, the overall global premium growth is expected to turn positive. Profitability and capital will, in all ...

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