The global insurance market has seen rate increases in many high volume markets, including life insurance, which are driving premium growth internationally. According to Munich Re, an independent risk management and reinsurance company, 2014 will bring growth for premiums of 2.8% and can expect growth of 3.2% in 2015. Rapid industrialization and growth in emerging markets, as well as steady growth from industrialized countries, have contributed to growth in a variety of markets, especially life insurance.
Click here to read the full article by Claire Wilkinson for Insurance Information Institute.