Global non-life premium growth slowed in 2007, but technical results were favorable and profitability remained sound, according to a new Swiss Re sigma study.

The study, "World Insurance in 2007: Emerging markets Leading the Way," noted that premium volume grew in emerging markets for the year, but retreated in industrialized markets.

For industrialized countries, non-life premiums were reported at $1.5 trillion, a 0.3 percent decline from 2006. Premiums declined 1.3 percent in the United State, and 2.3 percent in the United Kingdom. Japan and Germany also posted declines. France and Italy saw modest increases, while the newly-industrialized Asian economies of Hong Kong, Singapore, South Korea, and Taiwan posted a 9.7 percent increase in non-life premiums compared to 2006, according to the report.

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