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General will try to catch Australia's economic growth; Life may keep pace
Despite the general recovery of the economy, the outlook for the insurance business is expected to be slightly behind, according to the latest Swiss Re’s insights on the Australian Insurance Market 2010.
The report, produced annually by Swiss Re’s Economic Research and Consulting team, projects 1.7% real growth in general insurance in 2010, against the backdrop of 2.8% of GDP growth. On the life side, premium inflow is forecast to be 3% in 2010, barely outperforming the general economic expansion.
The report provides a thorough yet succinct overview of the insurance industry in Australia including the recent regulatory developments.
ADD PROMO Insights reports AUSTRALIAN 1/2010
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