Global insurance premiums grew by 3.4% in 2008 to reach $4.3 trillion. For the first time in the past 3 decades, premium income declined in inflation-adjusted terms, with non-life premiums falling by 0.8% and life premiums falling by 3.5%. The insurance industry is exposed to the global economic downturn on the assets side by the decline in returns on investments and on the liabilities side by a rise in claims.
Showing posts with label size global insurance industry. Show all posts
Showing posts with label size global insurance industry. Show all posts
Wednesday, July 14, 2010
Global Insurance Industry
Global insurance premiums grew by 3.4% in 2008 to reach $4.3 trillion. For the first time in the past 3 decades, premium income declined in inflation-adjusted terms, with non-life premiums falling by 0.8% and life premiums falling by 3.5%. The insurance industry is exposed to the global economic downturn on the assets side by the decline in returns on investments and on the liabilities side by a rise in claims.
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