The Swiss Re Institute noted that global insurance premiums were forecast to grow by 3% in real terms in 2019/20, led by the emerging markets. (Photo: AshDesign/Fotolia) The Swiss Re Institute noted that global insurance premiums were forecast to grow by 3% in real terms in 2019/20, led by the emerging markets. (Photo: AshDesign/Fotolia)

Global insurance premiums passed the US$5 trillion mark for the first time in 2018, equivalent to more than 6% of world GDP, according to a new report from the Swiss Re Institute.

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