Insurance markets have demonstrated a degree of resilience in the face of this yearʼs pandemic crisis. We forecast a swift return to trend premium growth in 2021–22.

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Global Advanced markets Emerging markets
North America EMEA Asia-Pacific
2020 202122 2020 202122 2020 202122 2020 202122 2020 202122
Non-life, direct
Premium growth (real) CAGR
Profitability ROE average
   
Profitability Underwriting results* average
   
Profitability Investment results* average
   
Life, direct
Premium growth (real) CAGR
Profitability ROE average
 
 
 
     

*As a % of net premiums earned. Non-life insurance encompasses property, casualty and also health insurance. CAGR = compound average growth rate.

Ring colourings based on deviation from long-term (2004–2019) trend in each region.

< –1.5% –1.5 to –0.5% –0.5 to 0.5% 0.5 to 1.5% > 1.5%

Source: Bloomberg, Swiss Re Institute