Insurance premiums set to grow as economy recovers

Improved economic performance in 2014/15 will see premiums grow in the non-life insurance and reinsurance sectors, particularly in the emerging markets. This is the central story of the Global insurance review 2013 and outlook 2014/2015, published by Swiss Re's Economic Research & Consulting (ERC) unit. The same is true in life, although reinsurance premiums in the advanced markets will likely shrink due mostly to regulatory changes in the US and to a lesser extent the UK.

The publication of the Global Review comes a day after the annual "Swiss Re Economic Forum", a media event in London giving journalists an opportunity to quiz the Head of ERC Kurt Karl about the economic environment and the outlook for the re/insurance sector. Martin Bisping, Head of Non-Life Risk Transfer at Swiss Re, also presented at this year's event.

The yearly Global insurance review and media event offer a forward-looking view of the re/insurance market. As part of its flagship sigma series, Swiss Re also publishes a World Insurance review in June each year, a comprehensive look at the preceding year and this month's follow-up publication and media event offer journalists, institutions and clients alike a first handle on what lies ahead in re/insurance.

The forward-looking view is a unique value proposition in an industry where very little in the way of forecasts is publically available. It's why the London media event is popular with financial journalists and to the insurance-trade press, and why Swiss Re holds a parallel media event in Hong Kong each year and has plans to do likewise in the US.

"There's not much out there at all and our paper offers people and institutions, including the likes of the Treasury and central banks, a chance to clue-up on what's going on in our industry", says Karl. "The Global insurance review and media event strengthen Swiss Re's reputation as a thought leader".  

This year's Global insurance review also includes a special feature on alternative capital, which has seen significant growth over recent years. Swiss Re expects that alternative capital providers will continue to focus mostly on the US reinsurance business, where well-modeled risks, low entry barriers and relatively high margins characterise the market. To find out more about this, click here and for the outlook for re/insurance generally, you can download the full report from our resources on


Published 29 November 2013

Supporting financial resilience

Re/insurance supports financial resilience by acting as a shock absorber and promoting growth through its core businesses. This is particularly important in a challenging and volatile macro-economic environment.

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