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
Kobe Bryant's tragic death leads to US life insurance boom
Kobe Bryant's tragic death leads to US life insurance boom

The days following the tragic death of Kobe Bryant as a result of the helicopter cras...

The Russian market of investment life insurance is recovering
The Russian market of investment life insurance is recovering

The life insurance market is not at its best. The fact is that over the past 5 years,...

Why do men die before women?
Why do men die before women?

Men do not live as long as women, because of the XY sex chromosome set. The researche...

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