A soaring demand for liability insurance can be expected overthe next five years in the emerging markets of Asia, Latin Americaand Eastern Europe, according to a new study.
The analysis by Zurich-based Swiss Re also finds that theemerging insurance markets are expected to grow 5 percent innon-life business and by 8 percent in the life sector in the period2005-2010.
Swiss Re said that insurance sales in the growing emergingmarkets have seen liability insurance outperform non-life businessoverall. While overall non-life insurance premiums grew by 5percent per year between 1999 and 2003, liability premiumsincreased at an annual average of 13 percent, the firm said.
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