Home (re) Insurance Latin America Emerging market insurance premiums are set to more than double over the next 10 years

Emerging market insurance premiums are set to more than double over the next 10 years

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“Given their GDP per capita levels, we expect countries like Brazil, China, Mexico, Russia and Turkey to be at the forefront of premium growth in the medium term”.

Latin America is lobbying for free trade as the region tries to hedge against potential lost trade  

“China is set to become the largest insurance market in the world by the mid-2030s. with the US.”

The latest sigma report from Swiss Re Institute explores how the seven largest emerging markets will contribute more than 40% of global growth in the next decade, with China accounting for over a quarter of the global output. The report also examines the factors that will drive insurance premium volume growth in emerging markets over the next 10 years. In this period, emerging market premiums are forecast to more than double, outpacing growth in advanced markets by four times.

Download the Emerging markets by Swiss Re Institute report

Source:  Swiss Re Institute

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