sigma Expertise

Global re/insurance review 2012 and outlook 2013/14

The "Global re/insurance review 2012 and outlook 2013/14" provides a mildly optimistic view of the future of the global economy and insurance markets. Economic activity is expected to be moderately stronger next year and insurance pricing is projected to improve. Global non-life direct premiums are projected to grow by 3% in real terms, fuelled by emerging market growth of nearly 8%. After not growing this year, primary life insurance premiums are expected to increase by about 2% next year as emerging markets strengthen and advanced markets recover from a decline last year. Non-life reinsurance markets will continue to grow, while life reinsurance shrinks.