bs-preloader__icon
ru kz en

The global insurance market grew by 3.7% to 3.7 trillion euro in 2017

About 80% of the 60 billion euros on additional life insurance premiums were collected by the Chinese market, reports forinsurer.com.
The global insurance market grew by 3.7% to 3.7 trillion euro in 2017

In both areas of business, the global volume of premiums amounted to almost 130 billion euros last year. Growing markets collected about 80% of this rise, and China owns two-thirds of it. After a lost decade, the growth of premiums should return to a pre-crisis level; China can become the world's largest market, the study said.

The survey also mentions that general insurance set a tone for the industry last year, which not only doubled the growth of life insurance in 2017 (+ 5%), but also performed a record growth since 2012. Almost all regions made a positive contribution to the growth of premiums; nevertheless, the difference in growth rates between the growing and industrialized countries remained significant: the premiums of growing countries jumped by 11.6%, and developed markets showed growth rates of only 3.5%.

Source: https://forinsurer.com/news/18/05/16/35967

Photo per website: creditpower.ru

Share
read also
"To retire and go away on vacation ". The stories of Belarusians, who save for a second retirement pension.
"To retire and go away on vacation ". The stories of Belarusians, who save for a second retirement pension.

Many tourists from the former Soviet Union are surprised by the abundance of European...

How to change pension planning in the new year?
How to change pension planning in the new year?

The most important challenge people have faced this year is changes in pension plans....

38% of Russians began to save small amounts during the pandemic
38% of Russians began to save small amounts during the pandemic

Almost three quarters of Russians (73%) thought about the need to make savings during...

The most interesting materials of the site you have in the mail! Subscribe to the newsletter.

ASK A QUESTION TO THE EXPERT
ASK A QUESTION TO THE EXPERT
Submit your application